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October 8, 2002
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<br /> Non-Arbitraqe Certificate and Tax Covenants. The Chief Financial Officer of the
<br />City and such officers and agents of the City as she may designate are authorized and
<br />directed to execute a Non-Arbitrage Certificate and Tax Covenants setting forth the
<br />expected use and investment of the proceeds of the Note and containing such
<br />covenants as may be necessary in order to comply with the provisions of the Internal
<br />Revenue Code of 1986, as amended ("Code"), including the provisions of Section 148
<br />of the Code and applicable regulations relating to "arbitrage bonds."
<br />
<br /> Further Actions. The City Manager and the Chief Financial Officer of the City
<br />and such officers and agents of the City as either of them may designate are authorized
<br />and directed to take such further action as they deem necessary regarding the issuance
<br />and sale of the Note and all actions taken by such officers and agents in connection
<br />with the issuance and sale of the Note are ratified and confirmed.
<br />
<br /> Effective Date; Applicable Law. This Resolution shall take effect immediately.
<br />The City Council elects to issue the Note pursuant to the provisions of the Public
<br />Finance Act of 1991, Chapter 26, Title 15.2, Code of Virginia of 1950, as amended, in
<br />accordance with Section 15.2-2601 of such Act."
<br />
<br />Ayes: Benn, Griffin, Moody, Pitts, Randall, Whitehurst, Holley
<br />Nays: None
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<br />- New Business -
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<br />02 - 304 - Boards and Commissions
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<br />There were no appointments.
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<br />02 - 305 - Items Submitted by Council Members
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<br />(a)
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<br />Consideration a motion to rescind City Council rejection of Community Meetings,
<br />which vote was taken on July 9, 2002.
<br />
<br />1. Pat Burns, 1219 Portsmouth Boulevard, spoke in support of this item.
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<br />2. Elijah Sharp, 702 Hancock Avenue, spoke in support of this item.
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<br />3. Mary E. Phillips, 67 Afton Parkway, spoke in support of this item.
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<br />4. Janette R. Whitley, 103 Decatur Street, spoke in support of this item.
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<br />5. Bette O. Ashberry, 5218 Cobble Hill Road, spoke in support of this item.
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<br />6. Vanessa A. Field, 1513 Summit Avenue, spoke in support of this item.
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<br /> Motion by Ms. Randall, and seconded by Mr. Whitehurst, to consider a motion to
<br />rescind City Council rejection of Community Meetings, which vote was taken on July 9,
<br />2002, and was adopted by the following vote:
<br />
<br />Ayes: Moody, Randall, Whitehurst, Holley
<br />Nays: Benn, Griffin, Pitts
<br />
<br /> Motion by Mr. Whitehurst, and seconded by Mr. Moody, to have the City
<br />Manager develop plans to create and staff Council-led community meetings to foster
<br />community betterment and to enhance neighborhood quality.
<br />
<br /> Substitute motion by Ms. Randall, and seconded by Mr. Benn, that the particular
<br />process would be formatted at the City Council's Retreat, and after Mr. Whitehurst
<br />withdraw his motion, and was adopted by the following vote:
<br />
<br />Ayes: Benn, Griffin, Moody, Pitts, Randall, Whitehurst, Holley
<br />Nays: None
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