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3.8'2
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<br />March 14, 1978
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<br />issue shall be payable not exceeding Forty (40) years from its date, and said bonds shall
<br />bear interest at a rate or rates to be hereinafter determined by the Council upon the sale
<br />of said bonds, providing that the maximum rate of interest shall not exceed the maximum rate
<br />of interest authorized by law at the time of the sale of said bonds.
<br />
<br /> 4. SimultaneoUsly~ith retirement of said notes of the Authority the payment of a portion
<br />of which is hereby guaranteed, or provision having been made for the retirement of said notes,
<br />this resolution shall terminate and be of no effect.
<br />
<br /> 5. The provisions of this resolution shall become effective when the cities of Franklin,
<br />Norfolk, Portsmouth, Suffolk and Virginia Beach have incurred contract obligations t° provide
<br />payments to the Authority in the amounts of $25,000, $837,000, $526,000, $140,0OO and $605,0OO~
<br />respectively.
<br />
<br /> 6. This resolution shall take effect from the date of its adoption."
<br />
<br /> Ayes: Barnes, Early, Elliott, Holley, Oast, Wentz, Davis
<br /> Nays: None
<br />
<br /> 78-91 "Consideration of a repolution~expressing the consent of the Council to the vaca-
<br />tion of a drainage easement in the subdivision of Hodges Manor.
<br />
<br /> This resolution will vacate ~ drainage easement that is no longer needed by the City,
<br />and has been declared surplus property. The drainage easement was recorded in the Clerk's
<br />Office of the Circuit~Court, as Hodges Manor, Section 4, behind lots 10 through 12; and, was
<br />dedicated by the developer for that purpose. The easement, is no longer required by the City.
<br />The City Manager recommends adoption."
<br />
<br /> On motion of Mr. Elliott and seconded by Mr. Oast, the following resolution was adopted,
<br />and by the following vote:
<br />
<br /> "A RESOLUTION EXPRESSING THE CONSBNT OF THE COUNCIL TO THE VACATION OF A DRAINAGE
<br /> EASEMENT IN THE SUBDIVISION OF HODGES MANOR, SECTION 4, LOTS 10, 1t AND 12.
<br />
<br /> WHEREAS, by plat recorded in the Clerk's Office of the Circuit Court of the City of
<br />Chesapeake, Virginia, in Map Book'40, Page 106, entitled: "Hodges Manor, Section 4", an
<br />easement for drainage along the rear lot lines of lots 10, 11 and 12 was dedicated by the
<br />developer for the purpose of street drainage from Portsmouth Boulevard; and
<br />
<br /> WHEREAS, said drainage easement is no longer required by the City of Portsmouth, and
<br />is hereby declared to be excess property.
<br />
<br /> NOW, THEREFORE, BE IT RESOLVED by the Council of the City of Portsmouth, Virginia, that
<br />the Council hereby expressps its consent to the vacation of the drainage easement across
<br />the rear lot lines of lots 10, 11 and 12 on that certain plat entitled: '~Hodges Manor, Sectiol
<br />4", recorded in the Clerk's Office of the Circuit Court of the City of Chesapeake, Virginia,
<br />said easement being more particularly described by plat entitled: "Plat Showing Conflict
<br />Between City Of Portsmouth Property (Parcels A,B,~C) And Lots 10, 11, And 12, Hodges Manor
<br />Section 4", dated December 30, 1977, prepared by the Engineering and Technical Services Depart+
<br />ment of the City of Portsmouth, Virginia, attached hereto.
<br />
<br /> BE IT FURTHER RESOLVED that the City Manager be, and he hereby is, authorized to execute
<br />all documents and complete all transactions incident to the vacation of this easement."
<br />
<br />Ayes: Barnes, Early, Elliott, Holley, Oast, Wentz, Davis
<br />Nays: None
<br />
<br /> 78-92 "Consideration of a
<br />to the Crawford Connector as ORT
<br />for one day.
<br />
<br />resolution designating Court Street from the Crawford Parkway
<br />(Organization for Rehabilitation through Training) Street ~
<br />
<br /> This resolution will be a one day tribute to ORT by designating a City street to ORT
<br />Str~ez for one day (24 hours). The week of March 20th, 1978, has been designated as ORT
<br />}~eek and has been so proclaimed by the Mayor. The City Manager recommends adoption."
<br />
<br /> On motion of Mr. Barnes and seconded by Mr. Elliott, the following resolution was adopted
<br />and by the following vote:
<br />
<br /> "A RESOLUTION DESIGNATING COURT STREET FROM CRAWFORD PARKWAY TO THE CRAWFORD
<br /> CONNECTOR AS ORT STREET FOR THE 22nd DAY OF MARCH, 1~8, IN HONOR OF ORT WEEK.
<br /> WHEREAS, ORT (Organization for Rehabilitation through Training) has dedicated itself
<br />to the creation of a dynami~ world-wide network of some 700 Vocational, Education and Training
<br />Schools, spanning five continents; and
<br /> WHEREAS, the Honorable Richard J. Davis, Mayor of the City of Portsmouth, has proclaimed
<br />the week of March 19 through March 25, 1978 as ORT week in Portsmouth.
<br /> NOW, THEREFORE, BE IT RESOLVED that the Council of the City o{ Portsmouth, Virginia,
<br />in further recognition of the vital achievements of Womens American ORT, hereby designates
<br />Court Street from Crawford Parkway to the Crawford Connector as ORT Street for the 22nd day
<br />of March, 1978."
<br />
<br /> Ayes: Barnes, Early, Elliott, Holley, Oast, Wentz, Davis
<br /> Nays: None
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