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<br /> <br />i.t1.,~,~~~ 1:~9.,. <br /> <br />AN ORDINANCE TO DE-OBLIGATE $7,097,032 OF UNEXPENDED APPROPRIATION <br />AUTHORITY IN CLOSED CAPITAL IMPROVEMENTS PROGRAM (CIP) PROJECTS, TO <br />REPROGRAM $991,020 OF REVENUE AND APPROPRIATION AUTHORITY FROM VARIOUS <br />CLOSED CIP PROJECTS, TO APPROPRIATE $563,188 OF INTEREST EARNINGS FROM BOND <br />PROCEEDS TO VARIOUS CIP PROJECTS, AND TO APPROPRIATE IN THE FY 2010-11 <br />GENERAL FUND THE SUM OF $212,873.60 IN COST OF ISSUANCE FUNDS RELATED TO THE <br />SERIES 2010 GENERAL OBLIGATION BONDS FOR BOND COUNSEL FEES, ADVISORY FEES <br />AND OTHER RELATED COSTS. <br /> <br />BE IT ORDAINED by the Council of the City of Portsmouth, Virginia: <br /> <br />1. That it de-obligates a total of $7,097,032 of unexpended appropriation authority previously <br />granted with respect to certain closed Capital Improvement Program (CIP) projects, as enumerated in <br />Exhibit A, attached hereto and made a part hereof; <br /> <br />2. That it reprograms $991,020 of revenue and appropriation authority from various closed <br />CIP projects to authorized open CIP projects in the amounts set forth in said Exhibit; <br /> <br />3. That it appropriates the sum of $563,188 of interest earnings from previously-received <br />bond proceeds to various authorized CIP projects in the amounts set forth in said Exhibit; <br /> <br />4. That it appropriates in the FY 2010-1 1 General Fund the sum of$212,873.60 in previously- <br />unappropriated Cost of Issuance funds related to the Series 2010 General Obligation Bonds to be used for <br />bond counsel fees, advisory fees, and other costs related to the issuance of said bonds. <br /> <br />5. That this ordinance shall take effect on the date of its adoption. <br /> <br />ADOPTED by the Council of the City of Portsmouth, Virginia at a meeting held on June 14, <br /> <br />2011. <br /> <br />Teste: <br /> <br />City Clerk <br />