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May 27th~ 1957.
<br />
<br /> Motion of Mr. Hinton to place the following ordinance on first reading was adopted:
<br />
<br /> "AN ORDINANCE TO AMEND AND RE-ORDAIN SECTION 27-9 OF THE CODE OF TILE CITY. OF
<br /> PORTSMOUTH, 1951, RELATING TO TAXI-C~B FARES"
<br />
<br /> 57-198 - I a submmttlng an amendment to the City Code concernIng electrical inspectio~s
<br />and recommend that it be placed on first reading. This amendment is in connection with consolidation of the Building,
<br />Plumbing and Electrical inspections ~nder one division or bureau and is in line with'the recommendation submitted
<br />to Council at a former meeting wherein the Council approved."
<br />
<br />Motion of Mr. Weiseman to place the following ordinance on £i?st reading, was adopted:
<br />
<br /> ORDINANCE TO AMEND AND RE-ORDAIN SECTIONS 7-3, 7-6, 7-7, 7-8, 7-9, 7-10, 7-14,
<br />7-17, 7-20 and 7-28 OF THE CODE OF THE CITY OF PORTSMOUTH~ 1951, RELATING TO ELEC-
<br /> TRICAL AFFAIRS AND ELECTRICAL INSTALLATION"
<br />
<br /> 57-199 - "I submit the audiz by the State Auditors of the Civil and Police Court and
<br />Juvenile and Domestic Relations Court for the fiscal year ended 6/30/56 for your consideration."
<br />
<br />/ On motion filed.
<br />
<br /> 57-200 - "In connection with the sale of the Three Hundred Thousand Dollars of Off-
<br />Street Parking Bonds provided for mn the ordinance adopted on January 8, 1957, proposals we're received from the
<br />American National Bank of Portsmouth under letters dated December 19, 1956 and January 25, 1957, and from the
<br />Bank of Virginia, under letters dated January 15, 1957 to purchase the bonds at par, and I have arranged with the
<br />American National Sank of Portsmouth to purchase One Hundred and Fifty Thousand Dollars 6f the Bonds and with the
<br />'Bank of Virginia to purchase the remaining One Hundred and Fifty Thousand Dollars of the bonds, both Sales being
<br />made at par. It will be necessary for the City Council to adopt the attached ordinance approving the sale of the
<br />bonds to the above banks, which I recommend."
<br />
<br /> "Please be advised that the American National Bank will buy the entire issue of
<br />$300,000.00 City of Portsmouth Bonds, bearing interest at the raze of 3~%, as approved by
<br />the Council at its meeting last night. We feel it is incumbent upon us again to cooperate
<br />with the City so that in this instance the parking situation may be relieved az the earliest
<br />possible moment for the benefit of the merchants and the public, so many df whom are our own
<br />customers. Signed - Frank D. Lawrence, President."
<br />
<br /> "Reference is made to your proposed:sale of $300,000.00 3~% 5eh year Serial bonds
<br />to be retired $30,000. per year over that term; proceeds to be used to establish off-street
<br />parking facilities. The Bank of Virginia would like to participate in any effort being made
<br />to %stablish off-street parking in Portsmouth and for that reason are pleased to make this
<br />bid for any or all of the bonds described above at par, upon delivery July 1, .1957.
<br /> We hope you will favorably consider this bid and will award us at'least a portion
<br />of the bonds in this offering." -Signed O.B. Wooldridge, Vice President."
<br />
<br />Motion of Mr. Kirby to place the following ordinance on first reading, was adopted:
<br />
<br />"AN ORDINANCE TO APPROVE THE SALE OF THREE HUNDRED THOUSAArD DOLLARS OF OFF-
<br />STREET PAd{KING BOA~S PROVIDED FOR IN THE ORDINANCE ADOPTED BT THE CITY COUNCIL
<br />ON JANUARY 8, 1957."
<br />
<br /> 57-201 "On May 20th, 1957, I handed ~o n.C. Barclay:City Attorney, the following
<br />sales contracts and requested that he prepare deeds and approve the titles in order that the City may settle for
<br />the property before the contract expires June 1, 1957:
<br />
<br />L F Goodman $31,500~00
<br />~ R Spalding 10,500.00
<br />Vincent Shes ~13,500.00
<br />Maurice H Cotton and Eva M Cotton $10,000.00
<br />Abe Levitin and Essie B Levitin 15,000.00'
<br />A P Grice III and Barbara A Grice 12,500.00
<br />Robert E M~ngo and Catherine G Mungo 6,000.00
<br />Estate of Caroline G Eolladay (Savings Bank & Trust Company)
<br />S Lasting & Brothers Inc. 9;Q00.O0
<br />Lela E Poetz et als 6,500.00
<br />William H Harrell and Ann W Hsrrell $18,000.00
<br />Hattie ~ Wallace $6,000.00
<br />
<br />$3,500.00
<br />
<br /> I recommend that the Council approve these purclzases and direct the City Au-
<br />ditor to pay for the properzy as soon as the deeds have been prepared and approved."
<br />
<br />Motion of Mr. Kirby to concur in the recommendation of the City Manager, was adopted.
<br />
<br />57~202 - The City Manager presented the following resolation:
<br />
<br /> WHEPJEAS, ~t the meeting of the City Council held on the 23rd day of
<br />April, 1957, a Resolution was adopte~ requesting the Elizabeth River
<br />Tunnel Commission to include in the trust indenture for financing the
<br />prQposed new tun~el, a provision that would permit the allocation of
<br /> excess funds, beyond those needed ro safely pay its obligations, to
<br />another public agency or agencies to be used for the development of
<br />port facilities; and
<br /> W~EREAS, if was the intention of the Council of the City of Portsmouth
<br />that any such excess funds would noz be used by the Tunnel Commission
<br />until after.the Tunnel Commission's obligation to pay the City of Ports-
<br />mouth the sum of ~Avo Million and Five Hundred Thousand Dollars has been
<br />
<br />
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