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R-02-61 <br /> <br />A RESOLUTION ENDORSING THE CONSTRUCTION AND CAPITAL <br />IMPROVEMENT PROJECTS FOR INSTITUTIONS OF HIGHER LEARNING <br />WHICH ARE THE SUBJECT OF A REFERENDUM AND GIVING THE <br />VOTERS OF THE CITY OF PORTSMOUTH AND THE REGION THE <br />OPPORTUNITY FOR PASSAGE OF THE REFERENDUM ON NOVEMBER 5, <br />2002. <br /> <br /> WHEREAS, the General Assembly has approved legislation authorizing a <br />referendum question concerning the issuance of general obligation bonds of the <br />Commonwealth of Virginia for higher education facilities; and <br /> <br /> WHEREAS, the amount of the bonds is $900,488,645, and the proceeds will be <br />used for facility improvements at Norfolk State University, Old Dominion University, the <br />College of William and Mary, the Tidewater Community College system, and other <br />institutions throughout the Commonwealth: and <br /> <br /> WHEREAS, in particular, the proceeds from the bonds will finance the <br />relocation of the Portsmouth campus of Tidewater Commtmity College from Suffolk to <br />Portsmouth, an action that will be of immeasurable benefit and convenience to the <br />citizens of Portsmouth. <br /> <br /> NOW, THEREFORE, BE IT RESOLVED by the Council of the City of <br />Portsmouth, Virginia: <br /> <br /> 1. That it hereby endorses the construction of the proposed facilities for the <br /> Commonwealth's institutions of higher learning. <br /> <br /> 2. That it hereby endorses and pledges to support passage of the bond <br /> referendum for higher education, on November 5, 2002. <br /> <br /> 3. That it hereby endorses giving the citizens of the City of Portsmouth and <br /> the Commonwealth the opportunity to vote to pass the bond referendum <br /> for higher education on November 5, 2002. <br /> <br /> ADOPTED by the Council of the City of Portsmouth, Virginia, at a meeting held <br />on October 29, 2002. <br /> <br /> Teste: <br /> <br /> <br /> City Clerk <br /> <br /> <br />