Minutes 08/24/1971 - Laserfiche WebLink

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It is necessary for the City Council to appropriate these funds in order for the Librar~ to'expend them for these purchases." On motion of Mr. Turner and seconded by Mr. Raymond Smith, the following ordinance approved on first reading, and by the following vote: "AN ORDINANCE TO APPROPRIATE $6,S50.00 FROM THE GENERAL FUND FOR THE PURCHASE OF BOOKS FOR THE PORTSMOUTH PUBLIC LIBRARY." Ayes: Holley, Johnson, King, Irvine Smith, Raymond Smith, Turner, Barnes Nays: None 71-S72 "I submit the attached ordinance and recommend it be placed on first reading. This appropriates $2S,000 for the construction of a maintenance building at the Sleepy Hole Recreation Park· This is in accordance with our plans for the development of this recreatiol park and the building is'to be used for the housing of equipment necessary for the operation of the park. This has been included in our Capital Improvement Program." On motion of Mr. Turner and seconded by Mr. Irvine Smith, the following ordinance was approved on first reading by the following vote: "AN ORDINANCE TO APPROPRIATE $25,000.0-0 FROM THE GENERAL CAPITAL IMPROVEMENT FUND FOR CONSTRUCTION OF A MAINTENANCE BUILDING AT SLEEPY HOLE PARK·" Ayes: Holley, Johnson, King, Irvine Smith, Raymond Smith, Turner, Barnes Nays: None 71-373 - "I submitthe attached ordinance and recommend it be placed on first reading. This authorizes a referendum in November on the sale of $S,S00,000 of Utility Revenue Bonds. These funds are to be used for the construction of sewers in the City and improvements to the water system. By having the electorate vote for the issuance of these bonds, they can be issued as revenue bonds and not be chargeable to the bonded debt of the City. These bonds will be paid for from proceeds of the Utility Company whieb eliminates any need for a tax increase due to the issuance of these bonds. If revenue bonds are not issued, it would require the issuance of General Obligation Bonds which would be charged to the City debt and paid from tax monies. The funds from the sale of the bonds would be used as follows: Master sewage plan for the Western Branch area without sewers. Pump stations and collector mains in the Western Branch area. Sewer Lines -- Armistead Forrest Hatton Point Farms Siesta Gardens, Section 4 Smithfield Road - Francis Street DeKalb Avenue Pump Station Alabama Avenue Elizabeth Manor Green Lakes Water Improvements -- Modernization of #2 Filter Plant Modernization of Godwin Street Pump Station Transmission main Suffolk to Portsmouth If the bond issue is approved, these projects could proceed towards construction in the spring of 1972." On motion of Mr. Irvine Smith and seconded by Mr. Turner, the following ordinance was approved on first readings, by thelfollowing vote: "AN ORDINANCE TO AUTHORIZE THE ISSUANCE OF FIVE MILLION FIVE HUNDRED THOUSAND DOLLARS OF BONDS TO BE KNOWN AS UTILITY BONDS FOR THE PURPOSE OF MAKING IMPROVEMENTS, EXTENSIONS AND ADDITIONS TO THE REVENUE PRO- DUCINGUNDERTAKING OF THE CITY CONSISTING OF ITS WATER, SEWER, ANb SEWAGE DISPOSAL SYSTEMS, PURSUANT TO ARTICLE VII, SECTION 10, CLAUSE (2), OF THE CONSTITUTION OF VIRGINIA, AND CHAPTER S OF TITLE 1S.t OF THE CODE OF VIRGINIA, -1950." · Ayes: Holley, J~hnson, King, Irvlne Smith, Raymond Smith, Turner, Barnes Nays: None 71-574 - "I submit the attached resolution and recommend its adoption. This authorizes the issuance of $5,000,000 of General Obligation Bonds. These bonds will cover the cost of capital projects that have been completed or are currently under construction but bonds have not been issued. There are also funds in' this issue for the final payment to the City of Chesapeake on loss of revenue payments due to annexation. Th~s amounts to $275,000.