Minutes 05/25/1976 - Laserfiche WebLink

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358 May 7~. lq16 By the unanimous ~ote of all members present, the Commission acted to recommend to Portsmouth City Council that it register opposition to the Act with the Congress of the United States. Signed-G~orge F. Davis, Chairman" the On motion of Mr. Elliott and ~ecofldeayby Mr. Early, the following resolution was adopted, and by the following vote: "A RESOLUTION OPPOSING THE ENACTMENT OF THE MUNICIPAL TAXABLE BOND ALTERNATIVE ACT OF 1976 WHICH IS PRESENTLY BEING CONSIDERED BY THE U. S. HOUSE OP REPRESEN- tATIVES. WHEREAS, the U. S. House of Representatives' Ways and Means Committee has approved H. R. 12774 entitled the Municipal Taxable Bond Alternative Act of 1976 and said Bill is presently before the entire House of Representatives; and WHEREAS, such Bill would give municipal governments the option of issuing non-taxable and taxable bonds with federal subsidy; and WHEREAS, such taxable bonds with subsidy might benefit municipal governments in the immediate future, but it is the belief of this City Council that the option for taxable bonds with subsidy in lieu of non-taxable bonds eventually would subject the municipal bond to direct control and regulation of the federal government coupled with the threat of reduced subsidies in the future. NOW, THEREFORE, BE IT RESOLVED by the Council of the City of Portsmouth, Virginia, that it opposes the enactment of the Municipal Taxable Bond Alternative Act of 1976. BE IT FURTHER RESOLVED that the City Clerk is directed to forward a copy of this resolu% tion to Congressman Daniel and Senators Byrd and Scott." Ayes: Barn~s, Early, Elliott, Holtey, Oast, Wentz Nays: None 76-200 - Consideration of a motion authorizing tke ~ity Manager to transfer $60,000 from Tidewaterthe GeneralTransportationFun~.buagetrite~¢f~r~B6~tiS~r~e6gt~"i~g.`Bad~eit~m~f~Q~f~i~p~mea%~2~i~Commission. Additional funding is needed for the subsidy payments for the 4th Quarter of the 1975-76 operating costs. Subsidy payments anticipated as reimbursements from the Federal Government have ~ot been received and the City is currently funding 100% of the operational costs. The original line item budget for transportation costs was based on a 50% payment by the City to Tidewater Transportation Commission. The City Manager recommends adoption." Motion of Mr. Holley and seconded by Mr. Early, that authorization be granted as requeste, was adopted by unanimous vote. 76-201 "Consideration of an ordinance on first reading to appropriate $122,500 from the Capital Improvement Fund for pre-development costs required for the Section VIII Elderly Housing in the Effingham Project. The funds included in this appropriation were recently received as a cash refund on the close-out of the Weaver Project. The cash refund was included as part of the housing componen' presented at our last public hearing on Community Development. This appropriation will provid the funds to execute letters of credit and proceed with the execution of a comprehensive con- tract for archietectural services and supply necessary assurances to the Virginia Housing and Development Authority. The City Manager recommends adoption on first reading." On motion of Mr. Barnes and seconded by Mr. Oast, the following ordinance was approved on first reading, and by unanimous vote: "AN ORDINANCE TO APPROPRIATE $122,500 FROM THE CAPITAL IMPROVEMENT FUND FOR PREDBVELOPMBNT COSTS IN CONNECTION WITH THE SECTION 8 ELDERLY HOUSING PROPOSED FOR THE EFFINGHAM PROJECT." NEW BUSINESS 76-202 The following letter presented by Henry A. Staneski, Chairman, Public Safety and Municipal Concerns Committee, Community Action, Inc.: "The Public Safety and Municipal Concerns Committee of Community Action, Inc. has been reviewing and studying the problem of recreation in the City of Portsmouth. This is a com- plicated subject and has many ~amifications. One aspect which we have particularly looked at is the providing of school grounds and buildings for community use for recreational, educational and human enrichment activities. We are aware that steps have been taken in this direction and also that further steps are being developed by the Portsmouth Public Schools System, Parks and Recreation Department and Tidewater Community College. In other studies which we have made regarding Public Safety, we have,noted that one of Portsmouth's most critical needs is to develop further educational/recreational outlets for its youth. Neighborhoods where this has been accomplished, as in the Park View area where a new recreational complex has just been opened, are benefitting greatly by the youth of the community being afforded meaningful activity.