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~inO-~Z±~G AND ~'~ ~ ~ <br /> S±R~C~t£~ THE CITY ?ANAGER TO <br />~Ii ~m~ TiDES'~ATER T~NSPO~TATION CO~'~iSSION PROViD- <br /> CAPITAL FINANCING Fe;R SAID CO}~4!SSION. <br /> <br /> WMz~R~AS, the Tidewater Transportation CoP~.ission <br />ascertained the need to ~ ' ' ' ~- · <br /> ~ o~aln interim capital E!nanclng pending <br />the execution of a d~zm~lLtv~ COSt allocation -c~=~ <br /> ~ ..... ~enu, and <br /> <br /> ,~..~REAS, mne Co~mission has developed a draft agree- <br />ment which calls for member localities to provide the needed <br />capital_ fun~s,d a copy of said draft being attached hereto;' ' and <br /> <br /> WHEREAS~ the Council finds that the proposed agree- <br />ment is a lo~ical_ a__en TM prudent means of dealing with the Com- <br />mission's need for capital funds on an mnnermm' ' ~oas_s.~ <br /> <br /> NOW, THEREFORE~ BE iT RESOLVED by the Council of the <br />City of Portsmouth, Virginia, that the City Manager be, and he <br />hereby is, authorized and directed to ente~ mnmo and execute the <br />aforesaid agreement with the Tidewater Transportation Commission <br />and the other member localities. <br /> <br /> Adopted by the Council of the City of Portsmouth, Vir- ~ <br />ginma, at a meeting held May 28, 1974. <br /> <br />Testa: <br /> <br />City Clerk <br /> <br /> <br />