Minutes 02/14/2006 - Laserfiche WebLink

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February 14. 2006 WHEREAS, the Governance Board of Empowerment 2010, at its meeting on February 2, 2006, adopted a resolution recommending that the Councils of the Cities of Norfolk and Portsmouth designate the Bonds as new empowerment zone facility bonds for purposes of Section 1394(f)(2)(A) of the Code; NOW, THEREFORE, BE IT RESOLVED by the Council of the City of Portsmouth, Virginia (the "Council"): Section 1: That, relying upon the representations of the Authority, the recitals in the preambles hereto are found to be true and correct in all respects and are adopted as findings of this Council as if fully rewritten herein. Section 2: That the Council designates the Bonds as "new empowerment zone facility bonds" for purposes of Section 1394(f)(2)(A) of the Code. Section 3: That the designation of the Bonds, as required by Section 1394(f)(2)(A) of the Code, does not constitute an endorsement to a prospective purchaser of the Bonds of the creditworthiness of the Project or the Applicant and the Bonds shall provide that the City of Portsmouth shall not be obligated to pay the Bonds or the interest thereon or other costs incident thereto and neither the faith or credit nor the taxing power of the Commonwealth of Virginia or the City of Portsmouth shall be pledged thereto. Section 4: That this resolution shall be in effect from and after its adoption, and shall expire one (1) year from the date of its adoption." Ayes: Heretick, Moody, Psi mas, Randall, Smith, Whitehurst, Holley Nays: None 06-86 Adoption of a resolution authorizing the City Manager to execute an easement to Columbia Gas of Virginia, along with such other documents as may be necessary to provide Columbia Gas an appropriate area to replace an aging gas main that serves surrounding subdivisions and businesses in the Victory Boulevard/Fairwood Heights area. Vision Principal: Neighborhood and Community Transformation. Background: . Columbia Gas has a gas main that currently crosses the Bide A Wee Golf Course from the point where Military Road terminates at the eastern line of the Golf Course at the 18th tee to the point where it exits the Course near the Pavilion at Bide A Wee. . The current main runs along and adjacent to the front side of the Pavilion, and is very near the building. . The current main was constructed around 1953, and there is some concern that in the area of the Pavilion it needs to be replaced due to potential leaking. . The new easement would provide for replacing the line from a point near its exit from the Course at the north end of the Pavilion across the parking lot to reconnect with the existing line near the Third tee. This would remove the line from any point near the Golf complex buildings. Discussion: . Financial Impact: There will be no financial impact as a result of the replacing of the section of gas main. Staff Recommends: Adoption of a Resolution authorizing the City Manager to execute an easement to Columbia Gas of Virginia, along with such other documents as may be necessary to provide Columbia Gas an appropriate area to replace an aging gas main that serves surrounding subdivisions and businesses in the Victory Boulevard/Fairwood Heights area. Vision Principal: Neighborhood and Community Transformation.