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492
<br />
<br />September 22, 1992
<br />
<br />Speakers:
<br />
<br />1. Robert Ayers,
<br />with Bide-A-Wee
<br />
<br />5 Palmett Street,
<br />Golf Course.
<br />
<br />spoke on losing
<br />
<br />employment
<br />
<br />2. Arthur C6ok, 3625~Gateway Drfv~, Apt. lB, spoke on lo~ing
<br />employment ~ith BidezA-Wee Golf Course.
<br />
<br />3. Raleigh Harsley, 2124 Peach Street, representing Central
<br />Civic Forum and Lee Ward Civic League, spoke in support of the
<br />City's operation of the Bide-A-Wee Golf Course.
<br />
<br />4. Bruce BelI, ~2832 Barclay Avenue,.spoke on losing employment
<br />with Bide~A-W~ Gotf'~Course.
<br />
<br /> Motion of Mr. King and seconded-by Mr. Griffinf to
<br />authorize the City Manager to enter into an agreement-for the
<br />operation of the Bide-A-Wee golf course in the absence of
<br />sealed bids'or.competitive negotiations.
<br />
<br /> Substitute motion of Mr. Hawks and seconded by Mr. Pitts
<br />to go out on public bid for the operation of the golf course
<br />and continue with the current employees of Bide-A-Wee, and the
<br />motion was denied by the following vote:
<br />
<br />Ayes: Hawks, Pitts
<br />Nays: Epperson, Griffin, King, Wsbb
<br />
<br />The original motion was adopted and by
<br />
<br />the following vote:
<br />
<br />Ayes: Epperson, Griffln, King, Webb
<br />Nays: Hawks, Pitts
<br />
<br />92-327 - Letter from the City Manager recommending adoption of
<br />a resolution authorizing the CityManager to sign an agreement
<br />with the Virginia Housing Development Authority for the
<br />allocation of $5,000,000 in the Urban Preservation and Infill
<br />Program. ·
<br />
<br /> "The P0rtsm6uth Redevelopment and Housing Authority has
<br />informed'us that the Virginia Housing Development Authority
<br />(VHDA) has allocated $5,000,000 to the City under its Urban
<br />Preservation and Infil~l Program. These target area funds will
<br />be available through May 27, 1993 and are to be utilized by
<br />local lending institutions to provide permanent mortgage loan
<br />financing to qualified families and 'individuals of low and
<br />moderate income who purchase single family dwelling units
<br />in the following approved targeted areas o'f the City:
<br />
<br /> Brighton, Cradock, East Park .View, Ebony Heights,
<br /> Effingham, Hattonsville, Mt. Hermon, Olde Towne
<br /> South, Park View, Port Norfolk, Prentis Park,
<br /> Truxtun, Twin Pines, West Park View, and the
<br /> following Census-Tracts: 105, 111, 112, 113, 114,
<br /> and 121. (These Census Tracts generally encompass
<br /> the communities of Mt. Hermon, the High Street
<br /> Corridor, and Southside.)
<br />
<br /> According to VHDA, the inter~st'rate on these loans will
<br /> fluctuate with the 30-year First'z.gome-First-Served Single
<br /> Family Mortgage Loan rate which is currently 7.25%. VHDA
<br /> offers mortgage insurance through four sources and as a result,
<br /> homebuyers benefit from lower down payments and the financing
<br /> of closing costs. A family consisting of two persons with
<br /> incomes of $34,680 may qualify for up to $81,500.
<br />
<br />
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