Laserfiche WebLink
.~eptember 27,_19.88 <br /> <br /> A_s a parer of a s~tate-wide program managed by the Virginia <br />Public School Authority (~VPSA)., the City~. will be reg_uir_ed <br />issue a General Obligation: Bond Resolution which will be po_oled <br />with o3~ker localiti~e;.~ resolutions-._~ ~he VPSA will the. n sell <br />the issu~,-in blo~ck~ which will .provide tke~sour~ of~fun~.~o <br />purchase the equipment. All debt service (principakan~ <br />interest) will be paid by the state with the City not b~in~ <br />responsible~ for~ 'any~e~e~tures~l~ t~e~ Ge~al Asse~ly <br /> <br />5-year life of the bond issue. <br /> <br /> h~s~ approach ,~:~whil~: h~fq~,.; w~3u~ Ultimat~l~ achieve the <br />result ~of ~h~ 'state ~ purchas~'ng~?the ~e~qu~men~ fo~. the~schools; <br />however, i~ shbuld b~ noted~ ~at th~,.ou~s~a~din~ debt issued <br />unde~ ~th~ ~nd resolu%lor~ ~u~d ~b~ ~e~ulr~ ~ Ue counted <br />again~he Ci%~f~ ~d~ ~imit <br /> <br /> The resolution enclosed herein authorizes the execution of <br />an a~re-esent tw~zth,~ ~ep~r~men~ ~f :E~d~c~ ion in~ or~e~ ~o~ <br />participate ~n th~ prog.ram. A pubtic ~h~ar~g wil~ need tQ ~e <br />condacted_ and :a bond ~res~lut!on gon~ider~d ai~a ~ut~e m~eting <br />of the City Council %o zmpl~ment the :equipment purchase. <br />recommend that the City Council adopt the proposed ~esol~tion <br />co participat~ in the procurement of the equipment." <br /> <br />fotlow~nG~ ~solut,ion ~was adopted,_, and'.bF the foltowin~ <br /> <br /> "A RESOLUTION AUTHORIZING AND DIRECTING THE CITY MANAGER <br /> TO ENTER INTO. AN AGR~.T .~TH .T~E, STATE.:~EPARTMENT OF <br /> ~U.CATIOR.FOR THE P~OSE QE P~TI~I~IDN. IN .THE .... <br /> GQ~E~R"~S EDUCATION. TECHNOLDGY. ;IN~TIA~I~E PROC~M~.T <br /> AND FIN~NG~ ~OGR~ .............. : _ <br /> <br /> W~EREAS,..~the~_City .Council o~ :the[.Cit_y Df Portsmough <br />recognizes the need ~to expand learning ~xpg~iences now. <br />available through__technolog~ to,students in the Portsmauth <br />Public SchooJL~,.and ........_ . <br /> <br /> W~EREAS, ~he PortsmouthSchoo~Boa~d is e~igibla, f.o~.., <br />approximately $205,50~0.00 in subsidized technological equipment <br />through the Governor's Educational Technology Initiative <br />Procurement and Financing Pmog~am,,..and <br /> <br /> WI{Ea~AS,_ ~th~ Governor s Educational. Technology Initiative <br />Procurement and Financing Program provides a vehicle for the <br />purchase-and financing of microgor~pu~ers~ ~atellite and <br />associated equipment at a substantial savings to participating <br />localities, and <br /> <br /> WHEREAS, the Portsmouth School Board has requested the <br />approval"~f, the City .Council to ~articipate in this p~ogram; <br /> <br /> NOW, THE~EORE~, BE IT RESOLVED by ~he Council of the City <br />of Portsmouth that it does hereby authorize the City Manager to <br />szgn the Memorandum of Agreement between the City and the <br />Department.o~ Education authorizing participation 'in the <br />Governor's Educational Technology Initiative Procurement and <br />Financing-P~ogram. for ~the purchase .and_ financing Of <br />approxi~ately$_205,500,00, of subsidy~ligible equipme~t,.and <br /> <br /> <br />