Minutes 05/28/1974 - Laserfiche WebLink

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289 May 28~ 1974 The Mimosa Cove drainage project is in our 5-Year Capital Improvements Program under the category of curbs, gutters~and drainage. The original estimate for this project in the Capital Improvements Budget was $71,000 in 1971. There is currently $41,S67 of uncommitted funds in the curb, gutter and drainage program, which was established under ordinance in our Capital Improvements Fund. After purchasing the storm drainage pipe at a cost of $37,496 from these funds, we will have a balance of approximately $4,070 in the curb, gutter and drainage program. The $128,434 required by this appropriation will be funded from unallocated bond proceeds." On motion of Mr. King and seconded by Mr. Smith, the following ordinance was approved on first reading, and by the following vote: "AN ORDINANCE TO APPROPRIATE $128,434 FROM THE GENERAL CAPITAL IMPROVEMENT FUND FOR THE PURCHASE OF DRAInaGE PIPE AND THE CONTRACT FOR INSTALLATION OF THE PIPE IN THE MIMOSA COVEAREA." Ayes: Early, Holley, King, Smith, we~'tz, Barnes Nays: None . ~ 74-209 "The attached resolution is submitted for your consideration and I recommend its adoption. This authorizes and directs the City Manager to enter into an agreement to provide interim capital financing of the acquisition, consolidation, rehabilitation and expansion of public transportation in the Tidewater Transportation District. The Tidewater Transportation Commission has requested that each of its participating member cities approve an agreement to provide them with the local matching funds required to finance their first-year capital improvement program. The four cities are now in the process of developing a formula for allocating capital costs to each of the cities. Howev it will probably be several months before agreement can be reached on this formula. This agreement to provide interim financing will allow the Commission to plan for and implement its first-year capital improvement program. The four member cities have been requested to contribute and advance funds in the following amounts to the Tidewater Transportation Commission: Chesapeake Norfolk Portsmouth Virginia Beach $ 36,270 $362,700 $120,900 $ 184,630 These advanced funding contributions approximate each City's ultimate share and are based on the bus miles of service operated in each jurisdiction." On motion of Mr. Smith and seconded by Mr. Early, the following resolUtion was adopted, and by the following vote: "A RESOLUTION AUTHORIZING AND DIRECTING THE CITY 5~NAGER TO EXECUTE AN AGREEMENT WITH THE TIDEWATER TRANSPORTATION CO~£MISSION PROVIDING FOR INTERIM CAPITAL FINANCING FOR SAID COMMISSION. WHEREAS~ the Tidewater Transportation Commission has ascertained ~he~-n:~ed to obtain interim capital financing pending the execution of a definitive cost allocation agreement; and , ~ WHEREAS, the Commission has developed a draft agreement which calls for member locali ties to provide the needed capital funds, a copy of said draft being attached hereto; and WHEREAS, the Council finds that the proposed agreement is a logical and prudent means of dealing with the Commission's need for capital funds on an interim basis. NO~, THEREFORE, BE IT RESOLVED by the Council of the City of Portsmouth, Virginia, that the City Manager be, and he hereby is, authorized and directed to enter into and exec~ the aforesaid agreement with the Tidewater Transportation Commission and the other member localities." Ayes: Early, King, Smith, Wentz, Barnes Nays: Holley 74-210 - "I submit ~he~attached ordinance and recommend it be placed on first reading This appropriates $5,000 from the Capital Improvements Fund for the engineering and design work on the repair of the Crawford Parkway bulkhead. Based on preliminary engineer lng surveys, it is necessary that the existing timber bulkhead be restored to its original elevation in order to eliminate the eminent failure of the bulkhead and collapse of the street. During the last 8 to 10 years; the roadway in this area has had to be restored and built up due to the bulkhead, whales and fill settling, Which has resulted in addition~ pressure being put on the tie backs, causing them to bend at the ends. The City Engineer and the Consulting Engineer both agree that unless the timber bulkhead is restored, the settling will continue causing the tie rods to break and collaps of the roadway. Funds necessary for this appropriation will come from unallocated bond proceeds."