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1985 Resolutions
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1985 Resolutions
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2/6/2009 3:38:22 PM
Creation date
6/21/2001 5:45:54 PM
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Ord/Resolutions
Year
1985
Ord/Resolutions - Type
Resolutions
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- 16 <br /> <br />"LEGAL NOTICE <br /> <br /> Notice is hereby given pursuant to Section 15.1-199, Code <br />of Virginia, 1950, as amended, that the Council of the City of <br />Portsmouth, Virginia, adopted on October 1, 1985, ~esolutions <br />authorizing the issuance of $20,150,000 principal amount of <br />General Obligation Public Improvement Bonds and $9,850,000 <br />principal amount of General Obligations Public Utility Bonds <br />of the City of Portsmouth and caused certified copies of such <br />resolutions to be filed in the Circuit Court of the City of <br />Portsmouth on October , 1985. <br /> <br /> The proceeds of sale of the General Obligation Public <br />Improvement Bonds shall be applied to the payment of the costs <br />of the following public improvement projects in substantially <br />the following respective amounts: <br /> <br />Rehabilitation Loan Prog <br />Community Services <br />Education <br />Parks and Recreation <br />Public Safety <br />urban Transportation <br />Drainage, Curbs, Gutters and <br /> Street Improvements <br />Urban Renewal and P~iority Action <br /> Program <br />Industrial and Economic Development <br /> <br />$1,495,000 <br />1,511,758 <br />6,775,057 <br />597,083 <br />388.412 <br />4,298,450 <br /> <br /> 1,430,000 <br /> <br /> 3,554,240 <br /> 100,000 <br /> <br />Total $20,150,000 <br /> <br />provided that if any project set forth shall require less than <br />the enti~e respective amount set forth above, the difference <br />may be applied to any other p~oject set forth above. <br /> <br /> The proceeds of sale of the General Qbligation Public <br />utility Bonds shall be applied to the payment of the costs of <br />capital improvements, extensions and additions to such City's <br />revenue-producing water and sewerage system." <br /> <br /> 12. Ail other resolutions, ordinances or orders or parts <br />thereof in conflict with the provisions of this resolution ate <br />to the extent of such conflict hereby repealed. <br /> <br /> <br />
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