Minutes 11/10/1992 - Laserfiche WebLink

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November 10, 1992 The City Manager or th~ Director.~.of~ Finance of the City is hereby authbrized to mak~ such dedlarations~, m~i~ain such books and records, make such entries in such books and recomds, make such certifications, and take such other action, as may be ~cessary or ~dvlsaole to comp~ly, with the reQul.at/ons referred to in the preamoles hereto, as the same may be amended, supplemented or superseded, in order that reimbursement from proceeds of debt hereafter issued by the City may be treated as expenditures tke~eof. ~ 2. The resolution shall t~ke~effect upon its adoption." Ayes: ~lemons, Epperson, Griffin,~ Hawks, King, .Pitts, Webb Nays:' None ..... · -9~2--385A- Lette~ from the City Manager recommending adoption of a resolution approving the five year Capital Improvement Plan fom i992z93.through 1996-97, and a one year Capital Improvement PrO~ram.-for 11992-93. ' -~-~ '~ "On October 13, 1992, I presented the p~oposed 1992-97 Capital Improvement Plan and recommended it to you for adoption. Since that t~e, you have h~d a work sesm~i-o~ to~give you an opportunity,to discuss t~e proposal in detail, and you have held a joint pubtic}hear~ing with t~e Planning Commission. You have received a'recommendation from the Municipal Finance Commission and will a~s~o receive a recmmmendation from the Planning Commission prior to your meeting. I believe that the proposed plan represents a balance among the competing needs for capital improvements in our City. While not accomp~lishing all that we might desire,, it'does achieve considerable progress across a broad range~of activities, and does so within our financial capabilities. It recognizes %he importance of our neighborhoods and gives the City Council an opportunity to make an impact on a City-wide basis. I recommend that you adopt a resolution approving the five year Capital Improvement Plan as presente~d.~ ~ In addition, on November 10, 1992, you ~ill hold a public hearing on a resolution for the issuance of $10 million in General Obligation Bonds which provides the necessary~'funding for projects contained in the CIP. I recommend that you adoDt a resolution authorizin~ the issuance of these bonds. If you require additional information, I will be happy to provide it to you." Karen S, Jordan, 9 Harrower Court, spoke in support of the of the CIP agd asked that a new I. C. Norcom High School be built on the current Harry Hunt Jr. High School site. A motion was made by Mr. Griffin, and seconded by Mr. King, to adopt ths proposed resolution. Substitute motion of Mr. Hawks to amend the motion so as to allow a separate vote on the new'I. C. Noreom.~High School and on the renovation of Frank D. Lawrence Stadium, f~ailed' for lack of a second. ~ .Substitute motion of Mr. -Clemons and~seconded by Mr. King, to adopt~the~ following resolut'ion con~taining the condition that a new I. ~C. Norcom High School 'be built on the current Harry Hunt Jr. High School Site and adjoining property, and was adopted by the following vote: A RESOLUTION APPROVING THE FIVE YEAR CAPITAL.IMPROVEMENT PLAN FOR 199~-93 THROUGH 1996-97, AND A ONE YEAR CAPITAL IMPROVEMENT PROGRAM FOR 1992-93.