|
¸'6
<br />
<br />April 1967
<br />
<br /> At an adjourned meeting of the Portsmouth City Council, held at I1:30 A.M., on April 12, 1967,
<br />there were present:
<br />
<br /> R. Irvine Smith, Jack P. Barnes, Burrell R. Johnson, Isaac W. King, L. L. Knight, W. T. Leafy,
<br /> A. P. Johnson, Jr.,' City Manager, M. A. Kerb, Jr., City Attorney, and R. D. Ottavio~ City
<br /> Auditor.
<br /> ~sent: George D. Hastes
<br />
<br />The meeting was opened with prayer by Mr. King.
<br />
<br />67-109 - The following letter from the City Man~ger was read:
<br /> "Bids were opened at 11:00 a.m. today for the sale of $8,500,000 of General Obligatinn
<br />
<br />Bonds.
<br />
<br />Bids were received as follows:
<br /> First National City Bank 5.5027
<br /> Blyth ~ So. 3.5255
<br /> Morgan Guaranty Co. 3.5438
<br /> Halsey Stuart ~ Co~ 3.5486
<br /> Northern Trust Co, 5.560
<br /> First National Bank of Chicago 5.5766
<br /> Lehman Bros. 5.5795
<br />
<br /> First National City Bank being the low bidder, I recommend that the bonds be awarded to this
<br />concern at the interest rate prescribed by the attached p~oposal, and I recommend that the attached
<br />ordinance be placed on first reading."
<br />
<br /> On motion of Mr. Knight, the following ordinance was approved on first reading, and by the following
<br />
<br />vote:
<br />
<br />"AN ORDINANCE TO APPROVE THE SALE OF EIGHT MILLION FIVE HUNDRED THOUS~ID DOLLARS OF GENERAL
<br />OBLIGATION BONDS PROVIDED IN ORDINANCE NO. 1967-23, ADOPTED BY THE CITY COUNCIL ON FEBRUARY 28, 1967,
<br />AND FIXING TNB RATE OF INTEREST FOR SAID BONDS"
<br />
<br />Ayes: Smith, Barnes, Johnson, King, Knight, Leafy
<br />Nays: None.
<br />
<br />APPROVED -
<br />
<br /> President City Clerk
<br />
<br /> 'qVHEREAS, at a regular called meeting .of the Board of Directors of Portsmouth Naval Shipyard Museum, Inc. on
<br />February 23, 1967, it has been observed that the Board of Directors of said museum has an obligation as the
<br />proper custodians for the citizens of the City of Portsmouth and surrounding area of certain exhibits of gift,
<br />loan and lease to the said Portsmouth Naval Shipyard Museum, Inc., said exhibits being placed in the care of
<br />said corporation largely through a lease agreement entered into with the City of Portsmouth, whereby certain
<br />of the exhibits now within the custody of said museum were obtained by the City of Portsmouth under loan from
<br />the United States Government under conditions expressly stated in a certain written agreement of City of
<br />Portsmouth and United States Government; and
<br />
<br /> WHEREAS, by agreement of City of Portsmouth and this corporation t~e City of Portsmouth did let unto the
<br />corporation property lying on the northern side of High Street to the east ofliate~ ~treet to the South of the
<br />north right of way line of Queen Street, and to the west of the Eastern Branch of the Elizabeth River together
<br />with improvements thereon for the purpose of exhibiting, housing, ~nd making s full display to the public of
<br />museum_ exhibits; and
<br />
<br /> WHEREAS, this museum has been opened to the citizens of the City of Portsmouth and surrounding areas and to
<br />the visitors and tourists to our city, and
<br />
<br /> WHEREAS, the present building facilities for the said musemm have become inadequate to house the various
<br />exhibits for proper display and storage so as to permit the continued growth of this important educational
<br />and tourist facility for our City; and to provide the necessary adjacent parking for visitors to the said
<br />museum;
<br />
<br /> NOW THEREFORE BE IT RESOLVED by the members of the Board of Directors of the Portsmouth Naval Shipyard
<br />Museum, Inc. that the Council of the City of Portsmouth be advised of the immediate needs of the museum to
<br />expand its facilities, both as to lmf:oper housing and parking facilities and to u~ge the council of the City of
<br />Portsmouth to appropriate necessary funds to enable the said museum to engage ~prefessional architect for the
<br />purpose of drafting plans and specifications for expansion of its building, and further to investigate, through
<br />the efforts of the City Cotmcil, the feasibility of site inclusion within the downtown redevelopment pmoject
<br />in an effort to secure Federal assistance through the urban renewal authority for said needed expansion; and
<br />
<br /> BE IT FURTHER RESOLyED that the members of the City Council be advised that the directors of the said
<br />museum board express thezr disapproval and opposition to the City of Portsmouth placing parking meters on
<br />property under lease to said corporation as aforementioned for fear that the said parking meters would be
<br />detrimental to the best interest of the museum facilities."
<br />
<br />
<br />
|