Minutes 02/14/2006 - Laserfiche WebLink

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February 14. 2006 Discussion: . By ensuring that firefighters are physically fit, they become healthier and will provide better quality service to our citizens. . Financial Impact: There is no local cash match required. Staff Recommends: 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. Next Steps Following Council Action: . Acquisition of physical fitness equipment. Motion by Mr. Whitehurst, and seconded by Ms. Randall, to adopt the following ordinance, and was adopted by the following vote: "ORDINANCE ACCEPTING A GRANT IN THE AMOUNT OF $1,000 FROM SAM'S CLUB AND APPROPRIATING THE SAME AMOUNT IN THE FY 2005-2006 GRANTS FUND FOR REPLACEMENT OF FIRE STATION PHYSICAL FITNESS EQUIPMENT." Ayes: Heretick, Moody, Psi mas, Randall, Smith, Whitehurst, Holley Nays: None 06-85 Adoption of a resolution approving the issuance of Empowerment Zone Facility Bonds for BBL ODU, LLC's construction of a Spring Hill Suites. Vision Principle: A Robust and Prospering Economy. Background: . New Spring Hill Suites by Marriott will be constructed at the northeast corner of Hampton Blvd. and 45th Street. . BBL ODU, LLC, a New York limited liability company and owner of the proposed hotel will own and operate the 110 room Spring Hill Suites and enter into a ground lease with the owner of the property, Old Dominion University Real Estate Foundation. . The action will assist in the project's completion. Discussion: . Empowerment Zone Facility Bonds will assist BBL ODU, LLC in financing (1) a portion of the cost of a 11 O-room spring Hill Suites by Marriott, (2) reserve funds for debt service and ground rent, and (3) a portion of the costs of issuing the new Empowerment Zone Facility Revenue Bonds. Staff Recommends: Adoption of a Resolution approving the issuance of Empowerment Zone Facility Bonds for BBL ODU, LLC's construction of a Spring Hill Suites. Vision Principle: A Robust and Prospering Economy. Next Steps Following Council Action: . Adoption of the resolution by the Norfolk City Council . Adoption of the resolution by Empowerment 2010 Motion by Mr. Whitehurst, and seconded by Mr. Moody, to adopt the following resolution, and was adopted by the following vote: