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RESO/Ju±±ON AUTHORIZING T~E PORTSgKTJi~ SCHOOL BOARD TO FLAKE APPLICATION <br />TO THE- STATE FOR A STA~E LI~ LOAN IN THE AMOUNT OF $1,200,000. <br /> <br /> WHEREAS, funds have been appropriated by the City Council for the <br />architectural and e~gineering design fees for the James Hurs= Ele~entaz5; <br />School; <br /> <br /> WHEREAS, the School Board of the City of Portsmouth has requested <br /> penmission frcm City Council to apply for a State Literary Loan; and <br /> <br /> WHEREAS, the City Council has encouraged the application for such <br /> low interest loans for construction when available. <br /> <br /> NOW, T~EREFORE, BE IT RESOLVED by the Council of the City of Portsmouth, <br />Virgir~a, that · ~ <br /> the Pol~usmouth School Board be, and it hereby is, authorized <br />to make application to the State for a State Literary Loan in the amount <br />of One b~llion T~o Hundred Thousand and 00/1OO Dollars toward construction <br />costs on the J~es Hurst Elementary School. <br /> <br /> Adopted by the Council of the City of Portsmouth, Virginia, at a <br />meeting held February 8, 1977. <br /> <br />City Clerk <br /> <br /> <br />