Minutes 03/10/2009 - Laserfiche WebLink

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March 10. 2009 Next Steps Following Council Action: . None Motion by Ms. Psimas, 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 $187,650 FROM THE LIBRARY OF VIRGINIA AND APPROPRIATING SAID AMOUNT IN THE FY 2008- 2009 GRANTS FUND FOR THE REFORMATTING OF A PORTION OF THE CIRCUIT COURT'S DEED BOOKS TO DIGITAL IMAGES." Ayes: Heretick, Moody, Psi mas, Randall, Smith, Whitehurst, Holley Nays: None 09 - 139 - Adoption of an ordinance establishing an Economic Stimulus Fund for the purpose of creating separate accounting and reporting of revenues and expenditures under the Federal American Recovery and Reinvestment Act of 2009. Vision Principle: Bold New Directions and Robust and Prospering Economy. Background: . On February 17, 2009 President Barack Obama signed the American Recovery and Reinvestment Act (ARRA), also referred to as the Economic Stimulus bill. Among the most critical aspects of the ARRA is time-sensitivity in terms of how quickly the funds must be spent. The City expects to be among the local government slated to receive an allocation federal funding from ARRA. Discussion: . In anticipation and preparation of receipt of ARRA funding, establishing the Economic Stimulus Fund authorizes establishment of the fund. With each official notice of funding, Council will be requested to appropriate ARRA funds. This proposed ordinance only authorizes establishment of the Economic Stimulus Fund. Financial Impact: . There is no financial impact of establishing the Economic Stimulus Fund. Staff Recommends: . Adoption of ordinance. Vision Principle: Bold New Directions and Robust and Prospering Economy. Next Steps Following Council Action: . The Chief Financial Officer will have the authority to establish an Economic Stimulus Fund. Motion by Mr. Whitehurst, and seconded by Mr. Smith, to adopt the following ordinance, and was adopted by the following vote: "ORDINANCE ESTABLISHING AN ECONOMIC STIMULUS FUND FOR THE PURPOSE OF CREATING SEPARATE ACCOUNTING AND REPORTING OF REVENUES AND EXPENDITURES UNDER THE FEDERAL AMERICAN RECOVERY AND REINVESTMENT ACT OF 2009." Ayes: Heretick, Moody, Psi mas, Randall, Smith, Whitehurst, Holley Nays: None 09 - 140 - Adoption of an ordinance to appropriate $25,000 in the FY 2008-2009 General Fund Operating Budget in funds received for the training of Portsmouth Police Officers pursuant to an agreement between the Portsmouth Police Department and the Hampton Roads Criminal Justice Training Academy. Vision Principle: Lifelong Learning Community and Bold New Directions.