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appropriated for expenditure in the following categories and amounts to implement the FY 2016- <br />2020 Capital Improvement Program: <br />Capital Improvement Fund <br />Drainage and Street Improvements $ 15,136,580 <br />Education 2,639,132 <br />Leisure Services 800,000 <br />Municipal Facilities 14,844,175 <br />Total Capital Improvement Fund $ 33,419,887 <br />Total Parking Authority Capital Improvement Fund $ 150,000 <br />Public Utilities Capital Improvement Fund: <br />Water $ 17,500,000 <br />Sewer 5,000,000 <br />Total Public Utilities Capital Improvement Fund $ 22,000,000 <br />4. That it is the intent of the City to make certain expenditures in connection with <br />the planning, design, acquisition, construction and equipping of the projects herein approved <br />which the City reasonably expects to be reimbursed as permitted by Section 1.150-2 of the <br />regulations pursuant to the Internal Revenue Code of 1986, as amended, from the proceeds of <br />one or more issues of bonds issued to fund the projects. As of the date of this ordinance, the <br />maximum projected amount of general obligation bonds and notes to be issued is not expected to <br />exceed $23,250,000. <br />5. That the City Manager is hereby authorized and directed to do all things necessary <br />to implement the FY 2016-2020 Capital Improvement Program. <br />6. That this ordinance shall take effect on July 1, 2015. <br />ADOPTED by the Council of the City of Portsmouth, Virginia, at a meeting held on <br />May 12, 2015. <br />Teste: <br />City Clerk <br />