Minutes 03/13/2001 - Laserfiche WebLink

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March 13, 2001 BE IT RESOLVED BY THE COUNCIL OF THE CITY OF PORTSMOUTH, VIRGINIA: The City Manager and the Chief Financial Officer of the City, or either of them, is hereby authorized and directed to execute the Amendment in a form acceptable to the officers, or either of them; provided, however, that the Amendment shall provide for payments under the Cooperation Agreement that are equivalent to an amended Note (a) having a principal amount not exceeding $10,000,000, (b) maturing no later than September 30, 2001, (c) having a "true" or "Canadian" interest cost not exceeding 9.0% per year, and (d) being subject to optional redemption at a premium not exceeding 3%. Following the execution of the Amendment, the City Manager shall file a certificate with the City Clerk setting forth the terms of the Amendment and the amended Note. The actions of the City Manager in approving, executing and delivering the Amendment shall be conclusive, and no further action shall be necessary on the part of the City. The City Manager, the Chief Financial Officer of the City and the City Attorney and such other officers as they shall designate are authorized and directed to execute and deliver all certificates and instruments and to take all actions necessary or desirable in connection with the execution and delivery of the Amendment. All other actions of the officers of the City that are in conformity with the purposes and intent of this Resolution and in furtherance of this financing and the undertaking of the Project are approved, confirmed and ratified. Except as supplemented by the terms of this Resolution, the Prior Resolution is hereby approved, confirmed and ratified." Ayes: Benn, Griffin, Moody, Pitts, Robinett, Whitehurst, Holley Nays: None 01 - 88 - Adoption of a motion to transfer $111,684 from the Grants Contingency Account for the Virginia Exile Program. The Department of Criminal Justice Services has awarded this grant to the City for the Commonwealth's Attorney's office, and it will be used for prosecuting persons charged with illegally possessing and using firearms and for promoting community awareness efforts aimed at deterring gun violence. Recommendation: · Adoption of a motion to transfer $111,684 from the Grants Contingency Account for the Virginia Exile Program. Purpose and Need: · The Department of Criminal Justice Services has awarded this grant to the City of Portsmouth for the Commonwealth's Attorney's office. · The Exile Program's primary focus is to reduce gun violence and homicides by: identifying and aggressively prosecuting persons charged with illegally possessing and using firearms using newly strengthened state law and bail procedures; and organizing community-based and community supported public awareness efforts aimed at deterring gun violence by highlighting enhanced enforcement/prosecution efforts and the certainty of punishment upon conviction.