Minutes 10/14/2003 - Laserfiche WebLink

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October 14, 2003 Motion by Mr. Griffin, and seconded by Mr. Benn, to adopt the following ordinance, and was adopted by the following vote: "ORDINANCE TO AMEND CHAPTER 25 OF THE CODE OF THE CITY OF PORTSMOUTH, VIRGINIA (1988) BY REPEALING SECTION 25-98 THEREOF PROHIBITING COMMERCIAL PHOTOGRAPHY IN CITY PARKS." Ayes: Benn, Griffin, Moody, Pitts, Randall, Holley Nays: None 03 - 374 - Adoption of an ordinance to appropriate $5,450,000 from note proceeds of General Obligation Note, Series 2003. The note proceeds will be used to pay certain costs of issuance, the Portsmouth Redevelopment and Housing Authority for acquisition of property located in the new enterprise zone Midtown area, and the demolition of existing buildings on the property. Recommendation: · Adoption of an ordinance to appropriate $5,450,000 from note proceeds of the General Obligation Note, Series 2003 to the Portsmouth Redevelopment and Housing Authority (PRHA). Purpose and Need: · The City Council approved a resolution to issue the General Obligation Note, Series 2003, in an amount of $5,450,000 on September 23, 2003. · The note proceeds will be used to pay certain costs of issuance, PRHA for acquisition of property located in the new enterprise zone located in the area of Midtown, and the demolition of existing buildings located on such property. Financial Impact: · The City's financial statements will reflect this obligation and will reflect the transfer of the proceeds to PRHA for the stated purpose. > City Manager C. W. McCoy noted that, funds will be distributed to vendors by the City as invoices are received from the Portsmouth Redevelopment and Housing Authority. Portsmouth Redevelopment and Housing Authority will be responsible for reviewing and approving invoices prior to submission to the City for payment. Following PRHA approval, the City Finance Department will audit the invoice prior to making payments to the vendors. Once it has been purchased, the Housing Authority will transfer property to the City or to other agencies that are deemed appropriate by the City at that time. Motion by Mr. Pitts, and seconded by Mr. Benn, to adopt the following ordinance, and was adopted by the following vote: "ORDINANCE TO APPROPRIATE $5,450,000 IN THE CAPITAL IMPROVEMENT FUND." Ayes: Benn, Griffin, Moody, Pitts, Randall, Holley Nays: None 03 - 375 -Adoption of an ordinance to appropriate $105,000 in the Grants Fund to establish and operate before and after childcare programs in three PASS elementary schools in the City. This program is designed to enhance the quality of care being provided by assisting children in achieving greater learning, social and development skills. A local match from the City is not required for this grant.