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March 24, 1993
<br />
<br /> At a special called meeting of the City Council on Wednesday,
<br />March 24, t993, ~here were present:
<br />
<br /> Mayor Gloria O. Webb, Vi~e Mayor Lee E. King, Bernard D.
<br />Griffin, Sr., James C. Hawks. Cameron C. Pitts, V. Wayne Orton.
<br />City Manager, Stuart E. Katz, City Attorney.
<br />
<br />Absent: Johnny M. Clemons, John ~. Epperson
<br />
<br />Municipal Finance Commission members present:
<br />
<br />R. Scott Morgan, Chairman
<br />Witlard A. Stanback, Vice Chairman
<br />Harry Bailey, Jr.
<br />Christopher T. Doyle
<br />Kevin L. Joseph
<br />Burton K. Laskin
<br />
<br /> 93-125 - Please a~end a special called meeting of the City
<br />Council ~o be held at 801 Crawford Street, Sth Floor, City
<br />Manager's Conference Room, 1:00 p.m., on Wednesday, March 24,
<br />1993, for the purpose of a joint meeting with the Municipal
<br />Finance Commission and to review and act upon the results of the
<br />current and advanced refunding of general ob!iga~ion bonds.
<br />
<br /> In addition you may consider a motion to go into an Executive
<br />
<br /> By order of the Mayor.
<br />
<br /> 93-126 - ~4otion of Mr. ~awks and seconded by Mr. Pitts, the
<br />following ~esolution was adopted and by the following vo~e:
<br />
<br /> k KESOLUTION ~LFFHOP, IZENG TKE ~SU~NCE
<br /> S~E O~ '~-S~ ~.l .ION S~
<br /> ~OUS~ DO~ (~6,620,000) ~C~ ~O~T
<br /> OF G~ OB~GATION P~C ~RO~NT
<br /> ~G BON~S, S~ 1993, OF ~ ~ OF
<br /> ~R~OD~, ~G~, ~R ~ P~SE OF
<br />
<br /> P~OHSLY ~S~ ~ O~T~G G~
<br /> OB~GA~ON P~LK ~O~ BODS OF
<br /> C~; ~O~G '~ S~E OF
<br />
<br /> PD~C~E CO--CT ~G TO 'r~ S~ OF
<br /> SU~ BO~S; ~G '~'~ FO~ OF SU~ BO~S;
<br /> ku'~'mO~G ~ ~ON OF ~ O~
<br /> STA~ ~G TO ~ BO~S; ~PRO~G
<br /> ~ FO~ ~ A~O~G 'l~ ~C~ON
<br /> DE~Y OF .~ ~OW D~S~ kG~
<br /> RELATING TO SUC~ KEFUNDED PUBLIC
<br /> ~RO~ BO~S; ~G ~ ~CROW
<br />
<br /> ~RO~ BO~S FOK
<br />
<br /> WI-IEP,.EAS, pursuant to zsolurions adopt~l by thc Council ({h~ "Council") of
<br />thc Ci£y of Portsmouth, V'n'gmia (thc 'Ci~7~), on May 2% 1980 ~nd .lun~ 17, 1980, th~.~
<br />~uthodzed, issued and sold ,,"7,000,000 ~ggre~r~ principal amount of [hz Ci~'s Gcn~nl
<br />Obligatio~ ]Public Lmprovement Honds, dated July I, 1980 and maturhag in varying princip~
<br />
<br /> WtIR:RF-~, the 1980 Public Improvement Bonds maturing on and after lily
<br />1991 ~ subject to redemption on or afar 3%[y 1, 1990 upon thz terms and at tho reticrnption
<br />
<br /> ~ ~i~?-a~, pv~suant to ~,~gns adopted by fl~ Council of thc CitL on April
<br />14. t9g7 ~nd tun~ 23, 1987. ther~ w~rized, hsued aud ~old $20.620.~00 ~ggregato
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