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Leisure Services <br />975,000 <br />Industrial and Economic Development <br />200,000 <br />Municipal Facilities <br />8,031,313 <br />Fleet Management <br />2,000,000 <br />Capital Improvement Fund Total <br />$24,987,313 <br />Portsmouth Parking Authority CIP $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 $9,315,313. <br />5. That the City Manager is hereby authorized and directed to do all things necessary <br />to implement the FY 2021 -2025 Capital Improvement Program. <br />6. That this ordinance shall take effect on July 1, 2020. <br />ADOPTED by the Council of the City of Portsmouth, Virginia, at a meeting held on <br />May 12, 2020. <br />Teste: <br />City Clerk <br />