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304 ......... - ......
<br />
<br />June 11. 1974
<br />
<br /> Based on the enclosed requests, together with the recommendations from the Engineer-
<br />ing Department for Entitlement IV, I feel that this Planned Use Report is responsive
<br />to the citizens who appeared at the Public Hearing. Upon your adoption of this report,
<br />the attached requests for curbs, gutters and drainage:~ll be submitted to ~he Engineerin
<br />Department for priorities on the $1,658,407."
<br />
<br /> On motion of Mr. King and seconded by Mr. Smith, the following resolution was
<br />adopted, and by the following vote:
<br />
<br /> "A RESOLUTION ADOPTING A PLANNED USE REPORT FOR GENERAL REVENUE SHARING
<br /> FUNDS FOR ENTITLEMENT PERIOD V (JULY 1, 1974 TO JUNE 30, 1975) AND DIRECTING
<br /> CERTAIN ACTIONS BE TAKEN WITH REGARD TO SAID REPORT.
<br />
<br /> WHEREAS, Federal regulations require that a
<br />expenditures of general revenue sharing funds be
<br />Department of the Treasury; and
<br />
<br />Planned Use Report detailing the
<br />submitted to the Secretary of the
<br />
<br />~BREAS, such a Planned Use Report has been drafted and is attached hereto; and
<br />
<br /> WHEREAS, said Planned .Use Report for Entitlement Period V designates_;he.following
<br />expenditures:
<br />
<br />Operating/Maintenance
<br /> Expenditures
<br />
<br />Public Safety ......
<br />Public Transporta-
<br /> tion ............
<br /> Total ...........
<br />
<br />$890,00-0,,00
<br />
<br /> 90,000.00
<br />$980,000.00
<br />
<br />.Capital Expenditures
<br />
<br />Recreation ........ $100,000.00
<br />Multipurpose and
<br />General
<br />Government ... 7~,000~00
<br />Other-Curbs, Gut-
<br />te~s~ Drainage
<br />and Street Im-
<br /> provements ..$1,658,407.00
<br /> Total .; ..... $1,8~07.00
<br />
<br /> h~qEREAS, Federal regulations further specify that the City.:Manager certify that
<br />nO'entitlement funds have been used in violation of the prohibiti~miagains~ the use
<br />of entitlement funds for the purpose of obtaining matching Federal funds; and
<br />
<br /> WHEREAS, Federal regulations further specify that a public hearing b~ held with
<br />regard to the use of said general revenue sharing funds; and
<br />
<br /> WHEREAS, a public hearing was held earlier this date by City. Council and'a prior
<br />hearing was held by the Municipal Finance Commission on Februar¥~4g 19Y4, pertaining
<br />to:use of funds from Entitlement V; and
<br />
<br /> WHEREAS, Federal regulations further specify that a copy~of-each~said Planned
<br />Use Report be advertised in a newspaper of general circulation within.the City of
<br />Portsmouth and that the news media within this City and general area be advised of
<br />the publication of said Planned Use Report and that said Planned~Use Report be made
<br />available forpublic inspection at the City Clerk's Office during~normal business
<br />hours; and
<br />
<br /> WHEREAS, the City Clerk has caused the aforesaid advertisement to be made, the
<br />required publicity to be given, and has made the said Planned Use.Report available
<br />for public inspection in his office during normal business hours.
<br />
<br /> NOW, THEREFORE, BE IT RESOLVED by the Council of the City of PortsmouSh, Virginia,
<br />that it does hereby ratify and adopt the Planned Use Report as attached hereto and
<br />the expeaditure of funds as detailed in said report for Entitlement Period V (July
<br />1, 1974 to June 50, 1975), and that said report be forwarded by the, City Manager to
<br />the Secretary of the Department of the Treasury.
<br />
<br /> BE IT FURTHER RESOLVED that the City Manager is hereby directed to make the certific~
<br />required as specified hereinabove."
<br />
<br />Ayes: Early, Holley, Johnson, King, Smith, Wentz, Barnes
<br />Nays: None
<br />
<br /> 74-240 "The attached ordinance is submitted for your consideration and. I recommend
<br />that it be placed on first reading. This appropriates $640,000 from the General Fund
<br />for transfer to the Debt Service Fund for retirement of debt. This appropriation
<br />will reduce the deficit that currently exists in the Debt Service Fund and curtail
<br />short-term interest costs now being incurred through financing of this deficit.,,
<br />
<br /> On motion of Mr. King and seconded by Mr. Smith, the following ordinance was
<br />proved on first reading, and by the following vote:
<br />
<br />"AN ORDINANCE TO APPROPRIATE $640,000 FROM THE GENERAL FUND FOR TRANSFER TO
<br />THE DEBT SERVICE FUND FOR THE RETIRtR4ENT~OF DEBT."
<br />
<br />Ayes: Early, Holley, Johnson, King, Smith, Wentz, Barnes
<br />Nays: None
<br />
<br />:ion
<br />
<br />
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