Minutes 09/27/1994 - Laserfiche WebLink

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September .27, 1994 WHEREAS, the Council of the City of Portsmouth has held public hearings, with notic~ as required by law, and considered the proposed amendment to the Comprehensive Plan. NOW, THEREFORE, BE IT RESOLVED by the Council of the City of Portsmouth, that the Comprehensive Plan for the City of Portsmouth, Virginia, designated CP-89-1 be~ and hereby is, amended to show Public/Quasi-Public land use, in particular jail use, in the area shown on the attached Exhibits A and B." Ayes: Hawks, Martin, Pitts, Robinett Nays: Clemons, Griffin 94~353 If): Motion by Mr. Hawks, and seconded by Mr. Robinett, to adopt the following ordinance approved on first reading at the Public Hearing meeting on September 12, 1994, was adopted and by the following vote: "AN ORDINANCE TO AMEND CHAPTER 40 OF THE CODE OF THE CITY OF PORTSMOUTH, VIRGINIA (1988) BY AMENDING TABLE 40-43.1 THEREOF PERTAINING TO CORRECTIONAL INSTITUTIONS." Ayes: Hawks, Martin, Pitts, Robinett Nays: Clemons, Griffin - CITY MANAGER'S REPORT 94-379 - Letter from the City Manager recommending adoption of an ordinance to guarantee $880,000 from the City's'pro rata share of the Regional Jail Authority's debt, and a motion authorizing the City Manager to enter into a Guaranty Agreement with the participating jurisdictions of the Hampton Roads Regional Jail Authority. "The Hampton Roads Regional Jail Authority has arranged a short term (four years) line of credit of up to $4,000,000 to fund the activities of the Authority until bonds are issued to finance construction. The short term funds will be used for the design phase of the project and to hire staff to carry out administrative responsibilities. The short term debt will be paid from the proceeds from the bonds when they are issued. it is necessary that the four participating communities enter into a Guaranty Agreement which will obligate the City to pay its pro rata share of this debt in the event that sufficient funds are not available when the short term debt comes due. This could occur if for some reason the project does not proceed to construction or if it is delayed beyond what is anticipated. If that were to happen, Portsmouth's maximum share of the debt would be 22%, or $880,000. However, it is eXPected that the short term debt will be paid from the proceeds'of the Authority'slbond issue. I 'recommend that you adopt an ordinance to guarantee $880,000 as the City's pro rata share of the Regional Jail Authority's debt. I also recommend your approval of a motion authorizing me to si~n a Guaranty Agreement with the other participating jurisdictions committing the City to repay its pro rata share of the debt, if'required." , Motion by Mr. Hawks, and secOnded!by Mr. Pitts, to adopt the following ordinance, and was adopted by the following vote: