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50 <br /> <br />A RESOLUTION AUTHORIZING THE ISSUANCE OF $2,675,827.00 OF BONDS <br />OF THE CITY OF PORTSMOUTH, VIRGINIA, TO BE KNO~ AS GENERAL <br />OBLIGATION BONDS FOR THE PURPOSE OF PROVIDING FUNDS FOR FURNISH- <br />INGS FOR THE CIVIC CENTER; FOR THE CRAWFORD URBAN RENEWAL PRO- <br />JECT; FOR PURCHASING TRAFFIC SIGNALS; FOR THE NORTHSIDE URBAN <br />RENEWAL PROJECT; FOR CONSTRUCTION PLANNING FOR THE ~STERN FREE- <br />WAY BRIDGE; FOR THE EXTENSION OF ELMHURST LANE; FOR IMPROVEMENTS <br />TO AIRLINE AND VICTORY BOULEVARDS; FOR THE OLDE TOWNE CONSERVA- <br />TION PROJECT; FOR A MASS TRANSIT STUDY; FOR EQUIPMENT FOR THE <br />POLICE COMMUNICATION SYSTEM; FOR THE WIDENING OF HIGH STREET; <br />FOR RENOVATION OF THE MUNICIPAL BUILDING; FOR REPAIR AND CON- <br />STRUCTION OF CURBS AND GUTTERS; FOR THE TOWER MALL DRAINAGE <br />PROJECT; FOR THE CITY'S SHARE OF THE INDUSTRIAL ACCESS ROAD <br />PROJECT; FOR RENOVATION OF THE FIRE DEPARTMENT HEADQUARTERS; <br />FOR THE PURCHASE OF FIRE ENGINES; FOR A RESIDENTIAL CRIME STUDY; <br />FOR EQUIPMENT FOR I. C. NORCOM SCHOOL; FOR AN ADDITION TO THE <br />CRADOCK RECREATION CENTER; FOR REPAIRING THE OAK GROVE CEMETERY <br />WALL; FOR THE FINAL CASH PAYMENT DUE ON THE PARK VIEW CONSERVA- <br />TION PROJECT; FOR THE PURCHASE OF EQUIPMENT FOR THE SLEEPY HOLE <br />GOLF COURSE; FOR THE PURCHASE OF TEN SCHOOL BUSES; FOR THE PURCHASE <br />OF AN ASH DISPOSAL SYSTEM; FOR A DRAINAGE STUDY IN CHURCHLAND; AND <br />FOR RENOVATION OF THE USO. <br /> <br /> WHEREAS, <br />provide funds for <br />and <br /> <br />it is necessary for the City of Portsmouth to <br />the various projects as hereinafter set forth; <br /> <br /> WHEREAS, there are no funds in the Treasury of the City <br />of Portsmouth applicable to the payment of said expenses and the <br />costs of said projects and it is accordingly, necessary to issue <br />bonds of the City in the sum of Two Million Six Hundred Seventy- <br />five Thousand Eight Hundred Twenty-seven Dollars and 00/100 <br />($2,675,827.00) Dollars for that purpose. <br /> <br /> NOW, THEREFORE, BE IT RESOLVED by the Council of the <br />City of Portsmouth, Virginia: <br /> <br />Section 1. For the purpose of providing funds for furnishings <br />for the Civic Center; for the Crawford Urban Renewal Project; <br />for purchasing traffic signals; for the Northside Urban Renewal <br />Project; for construction planning for the Western Freeway Bridge; <br />for the extension of Elmhurst Lane; for improvements to Airline <br />and Victory Boulevards; for the Olde Towne Conservation Project; <br />for a mass transit study; for equipment for the Police Communica- <br />tion System; for the widening of High Street; for renovation of <br />the Municipal Building; for repair and construction of curbs and <br />gutters; for the Tower Mall Drainage Project; for the City's share <br />of the Industrial Access Road Project; for renovation of the Fire <br /> <br /> <br />