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<br />,,:' <br /> <br />ORDINANCE NO.. 4 Q 1.1- 'lQ <br /> <br />AN ORDINANCE TO DE-OBLIGATE $56,964 OF UNEXPENDED APPROPRIATION AUTHORITY <br />IN CLOSED PUBLIC UTILITY CAPITAL IMPROVEMENT PROGRAM (PUCIP) PROJECTS, TO <br />REPROGRAM $265,680 OF REVENUE AND APPROPRIATION AUTHORITY FROM VARIOUS <br />ACTIVE AND CLOSED PUCIP PROJECTS, TO REPROGRAM $13,724,462 OF BOND PROCEEDS <br />TO COVER EXPENSES AND OBLIGATIONS IN ACTIVE PUCIP PROJECTS, TO APPROPRIATE <br />$4,183,511 OF INTEREST EARNINGS FROM BOND PROCEEDS, TO APPROPRIATE $1,832,720 <br />OF SERIES 2010 BOND PROCEEDS TO VARIOUS PUCIP PROJECTS, AND TO APPROPRIATE <br />IN THE FY 2010-11 PUBLIC UTILITIES FUND THE SUM OF $62,126.40 IN COST OF ISSUANCE <br />FUNDS RELATED TO THE SERIES 2010 GENERAL OBLIGATION BONDS FOR BOND <br />COUNSEL FEES, ADVISORY FEES 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 $56,964 of unexpended appropriation authority previously <br />granted with respect to certain closed Public Utility Capital Improvement Program (PUCIP) projects, as <br />enumerated in Exhibit A, attached hereto and made a part hereof; <br /> <br />2. That it reprograms $265,680 of revenue and appropriation authority from various active <br />and closed PUCIP projects to authorized open PUCIP projects in the amounts set forth in said Exhibit; <br /> <br />3. That it reprograms $13,724,462 of bond proceeds to cover expenses and obligations in <br />various active PUCIP projects to authorized open PUCIP projects in the amounts set forth in said Exhibit; <br /> <br />4. That it appropriates the sum of$4,I83,5I1 of interest earnings from Series 2010 bond <br />proceeds to various authorized PUCIP projects in the amounts set forth in said Exhibit; <br /> <br />5. That it appropriates the sum of $1 ,832,720 of Series 2010 bond proceeds to various <br />authorized PUCIP projects in the amounts set forth in said Exhibit; and <br /> <br />6. That it appropriates in the FY 2010-11 Public Utilities Fund the sum of $62,126.40 in <br />previously-unappropriated Cost of Issuance funds related to the Series 2010 General Obligation Bonds to <br />be used for bond counsel fees, advisory fees, and other costs related to the issuance of said bonds. <br /> <br />7. That this ordinance shall take effect on the date of its adoption. <br /> <br />2011. <br /> <br />ADOPTED by the Council of the City of Portsmouth, Virginia at a meeting held on June 14, <br /> <br />Teste: <br /> <br />City Clerk <br />