Minutes 02/14/2006 - Laserfiche WebLink

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February 14. 2006 Background: . On August 23,2005, the City Council adopted an ordinance creating the New Port Community Development Authority ("CDA") and establishing the New Port Community Development Authority District ("CDA District") in the "Victory" area of the City. . The CDA is empowered to issue tax-exempt bonds in accordance with the Virginia Water and Waste Authorities Act, Chapter 51, Title 15.2 of the Code of Virginia of 1950, as amended. . The CDA proposes to issue its bonds to finance certain public improvements within the CDA District. The bonds issued by the CDA are repaid from special assessments levied upon the taxable property within the boundaries of the CDA District. . Before any bonds are issued by the CDA, the City must establish the special assessment and the CDA, the owners of the land within the CDA and the City must enter into a Special Assessment Agreement. Discussion: . Financial Impact: None. Staff Recommends: Adoption of an Ordinance establishing a special assessment on taxable property within the CDA District, authorizing the Special Assessment Agreement and authorizing the City Manager or any Deputy City Manager to execute the Special Assessment Agreement. Vision Principles: A Robust and Prospering Economy and Neighborhood and Community Transformation. Next Steps following City Council Action: . The City Manager or any Deputy City Manager will execute the Special Assessment Agreement. Motion by Ms. Psimas, and seconded by Mr. Smith, to adopt the following ordinance, and was adopted by the following vote: "ORDINANCE ESTABLISHING A SPECIAL ASSESSMENT FOR THE NEW PORT COMMUNITY DEVELOPMENT AUTHORITY AND AUTHORIZING A SPECIAL ASSESSMENT AGREEMENT WITH THE COMMUNITY DEVELOPMENT AUTHORITY." Ayes: Heretick, Moody, Psi mas, Randall, Smith, Whitehurst, Holley Nays: None 06-84 Adoption of an ordinance to accept $1,000 from the Sam's Club Foundation for replacement of old physical fitness equipment at one of the City's fire stations. No cash match is required. Vision Principle: Neighborhood and Community Transformation. Background: . This is the second $1,000 grant award received from the Sam's Club Foundation for the Safe Heroes program for the Portsmouth Department of Fire, Rescue and Emergency Services. . The Department has implemented a voluntary Wellness and Fitness Program for its firefighting personnel. . The Department has proposed to use the funds to acquire physical fitness equipment for Fire Station 9 on Hodges Ferry Road where older pieces need replacement and updating.