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Drainage and Street Improvements <br />$10,505,175 <br />Education <br />$1,800,000 <br />Leisure Services <br />$1,103,180 <br />Industrial and Economic Development <br />$375,000 <br />Municipal Facilities <br />$17,475,000 <br />Fleet Management <br />$2,000,000 <br />Capital Improvement Fund Total <br />$33,258,355 <br />Water $31,250,000 <br />Sewer $7,250,000 <br />Public Utilities Capital Improvement Fund Total $38,500,000 <br />Parking Facilities $100,000 <br />Parking Authority Capital Improvement Fund <br />Total $100,000 <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 $16,901,181. <br />5. That the City Manager is hereby authorized and directed to do all things necessary <br />to implement the FY 2020 -2024 Capital Improvement Program. <br />6. That this ordinance shall take effect on July 1, 2019. <br />ADOPTED by the Council of the City of Portsmouth, Virginia, at a meeting held on <br />May 14, 2019 <br />Teste: <br />City Clerk <br />