Minutes 10/10/1989 - Laserfiche WebLink

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October 10, 1989 plus i the de and co City. contem .erect accrued therebn from the date thereof to ~he date oi .very thereof and payment therefor and on such o~her terms [tions as are determined by the Director of FinRnce of the le City may sell ~all or part of the Notes alone or 3aneously with any other general obligation notes or with fal obligation bonds of the City. Ther~ may be prepared Official Statement any ge and di ~ibuted a preliminary and a final relatihgI to any Notes in such form as shall be approved Direc~of Finance. The_issuance and details of such be gov~hed by the provisions of Section 15.1-223 of Ti Chapte~]~, Article 7 of the Code of Virginia, 1950, as and ArtiCle I of Chapter 11 of the Code of the ~ity. E issued' ~reunder shall be accompanied by a certificate ~ ~nd the Director of Finance of the City in the ~d in Sectzon 11-17 of the Code of the C~ty. T %s of paragraph 2 hereof shall apply to the Not ~at same are not paid from the proceeds of the other available funds. The sale of the Notes other details thereof shall be approve~, ratif ~by the resolution of this Council. Bonds in zion of which the Notes are issued must be issu ~ance with this resolution not later than five of the original issue of the first Notes. Manage prescr previa extent from a form a confir antici in acc the da 5 direct Clerk Cour~ shall days o respec eircul the Co substa N Code o of Per author time t ($12,9 bonds sale o of isa resolu Portsm The City Attorney of the City shal~ be and to file a copy of this resolution, certified b the City to be a true copy thereof, with the C the City of Portsmouth, Virginia, and. such Cit and hereby is directed to publish once within zhe date of filing of such resolution a notice ~hereto in the Virginian Pilot, a newspaper of [on in the City, in accordance with Section 15. of Virginia, 1950, as amended. Such n~tice sh [ally the following form: ~ "LEGAL NOTICE ice is hereby given pursuant to Section 15.1-1g ~irginia, 1950, as amended, that the Council of nouth, Virginia, adopted on October 10, 1989, lng' the issuance, as a whole at one time or in time, twelve million, nine hundred fift~ thousa 000) aggregate principal amount of general obl further authorizing and providing f-or the isa eneral obligation'bond anticipation notes in ce of such bonds and caused a certified copy e~ to be filed with the Circuit Court of the C ~h on , 19 . T to the descri the de Drainagg~ Curb~ ~utters and Stre+lt Improvements EducatiOn ~rban R~lnewal and Priority Action Prog Indust Parks ~dblic Munici Serv proceeds of sale of such bonds and notes shall by the ~otes shall tle 15.1, ~mended, ach Note Df the Cit~ form ~e es to the Bonds or and the ied and ed and sol ,ears of hereby is [ the City ~rcuit ~ Clerk ten (10) ~ith general 1-199 of all be in 9 of the the City resolutio~ part f~om nd dollars igation vance and nticipatiol f such ty of be applie, ~yment of the costs of the public improvement ~rojects d below in substantially the amount~ set forth opposite riptions of the respective projects. and Economic Development Recreation ~fety Facilities and Community AMOUNT Sl,304,300 6,461,500 400,000 924,500 2,884,~00 335,000 640,700 ~OTAL $12,950..000