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Areas <br /> to <br />- blic <br /> Grant <br /> <br /> doll~ <br /> <br /> will <br /> have <br /> exp <br /> <br />not <br />as a <br /> <br />207 <br /> <br />May 8, 1990 <br /> <br />proposed City-Wide Conservation Plan w <br />ity of Portsmouth but would not negate <br />ready in effect. The primary goal of t <br />rage the conservation and rehabilitatio <br />In conjunction with our 1990 Community <br />~g~am, we will be utilizing a $250,0.00 <br />by the State Department of Housing and <br />~nt. <br /> <br />Authority proposes to utilize these fu <br />to provide an effective 7% interest rat <br /> <br />)uld co~ <br />;he 15 £ <br />le prop¢ <br />] of s~ <br />Develo? <br />uant w£ <br /> Communi <br /> <br />~s with <br />to ho~ <br /> <br />er the <br />onservatior <br />ned Plan <br />uctural <br />ment <br />ich was <br />ty <br /> <br />private <br />~owner. <br /> <br />1990 <br /> <br />for our <br />pla9 is <br />qualit~ <br /> I <br />in ~he <br />same 1 <br />Commi <br /> <br />propo <br />propos <br /> <br />moneys will be loaned by the Authority <br />cs desirous of rehabilitating their pro <br />for a 10-year period; the minimum and m <br />established at $5,000 and $20,000 res <br />the Conservation Program in this fash <br />nt Block Grant Program is benefiting a <br />e of the population. <br /> <br /> proposed Conservation Program will not <br /> to purchase property, tenants <br /> to relocate and no ~structure i <br />~lt of this Plan. <br /> <br />itionally, we are proposing to reallocs <br /> Development Block Grant Program <br />for utilization in an enhanced security <br />public housing areas. The primary goal <br />to provide a safer environment, thereby <br />of life for all of our citizens. <br /> <br />~ummary, the amount of funds proposed f. <br />nended 1990 Community Development Progr <br />~1 as initially approved by the Authori <br />Dners and the Portsmouth City Council. <br /> <br />to those qualifi~ <br />)erties. Loans <br />~ximum loan amount. <br />)ectively, by <br />.on, the Community <br />much 9seater <br /> <br />authorize the <br />and owners will <br />~ to be town down <br /> <br />~e $22,500 from th. <br />?unds Ccntingency <br />services program <br />of the proposed <br />e~hancing the <br /> <br />)r all activities <br />~m remain at the <br /> of <br /> <br />Peach <br />City <br /> <br />)reciate very much the opportunity to present <br />Conservation Plan, Security Service P19n, and the <br />Community Development Block Grant Program revi <br />Es. <br /> <br />Mayor, I will be pleased to respond <br /> <br />estions." <br /> <br />Ports <br /> <br />lis M. Angus, 3811 Fruitwood Court, rel <br />Community Association, spoke in suppo <br /> Conservation Plan as presented. <br /> <br />ction taken. <br /> <br />34 <br /> <br /> UNFINISHED BUSINESS <br /> <br /> (a) Ordinance to amend the Code <br />Virginia, 1988, as amended, ordaini <br /> <br />)resent: <br />:t the )osed <br /> <br /> th~ Cit~ of <br />~g ~ecti)n 35-417 <br /> <br /> pertaining to taxation, deferred from ~he April 24, 1990 <br />regular~! ~aeeting. <br /> <br /> M~on of Mr. Simpson and seconded by Mr. ~arnes t~e <br />following ordinance was adopted on first and final reading, and <br />the foliowing~ vote: <br /> <br /> VI ]INIA, 1988, AS AMENDED, BY ORDAINING SECTION ~-417 <br /> A=TIO ." <br /> : <br /> N~sA~s~ Barnes, Gray, Simpson, Webb <br /> Corprew, Lucas, Hawks <br /> <br /> <br />