Minutes 11/27/2012 - Laserfiche WebLink

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November 27, 2012 Next Steps Following Council Action: • Transmit resolution and supporting materials to a member of the City's General Assembly delegation. • Work with our delegation to ensure that the General Assembly adopts the amended charter. Motion by Mr. Moody, and seconded by Mr. Edmonds, that this item be amended to delete paragraph 4, which calls for repeal of the "resign to run" provision in the Portsmouth City Charter. All other items in the resolution will remain as requests to amend the charter, and was adopted by the following vote: "RESOLUTION REQUESTING THE GENERAL ASSEMBLY OF VIRGINIA TO AMEND THE CHARTER OF THE CITY OF PORTSMOUTH, VIRGINIA. BE IT RESOLVED by the Council of the City of Portsmouth, Virginia: That the General Assembly of Virginia is hereby requested to amend the Charter of the City of Portsmouth, Virginia, as follows: 1. Amend Section 3.02 a. (4) to provide that nominating petitions for the offices of mayor and members of the city council shall not be signed prior to January 1 of the year of such election, and that the petitions be filed not later than the time fixed for the closing of the polls on the second Tuesday in June of the year of the election. 2. Amend Section 3.02 b. to provide that a candidate for the office of mayor or member of the city council file his or her acceptance of such candidacy no later than the time fixed for the closing of the polls on the second Tuesday in June of the year of the election. 3. Amend Section 3.02 d. to provide that candidates for the offices of mayor and city council member file the name and address of his or her campaign manager with the Portsmouth Electoral Board no later than the second Tuesday in June of the year of the election." Ayes: Cherry, Edmonds, Heretick, Moody, Randall, Whitehurst, Wright Nays: None 12 - 464 -Adoption of a resolution expressing the concurrence of the Council of the City of Portsmouth, Virginia with the inducement resolution adopted by the Economic Development Authority of Henrico County, Virginia and approving the issuance of revenue bonds for the benefit of Maryview Hospital and Bon Secours Health System, Inc. Vision Principle: A Robust Economy for Working Men and Women. Background: • Maryview Hospital ("Maryview"), is snot-for-profit Virginia nonstock corporation, which is affiliated with Bon Secours Health System, Inc. ("BSHSI"), a Maryland nonstock nonprofit membership corporation, and which has facilities located in the City of Portsmouth, Virginia. • On October 18, 2012, the Economic Development Authority of Henrico County, Virginia (the "Henrico Authority") adopted an inducement resolution (the "Inducement Resolution") relating to the issuance of its Revenue Bonds (Bon Secours Health System, Inc.) (the "Bonds") to, among other things, (i) refund previously issued debt, (ii) pay or reimburse, or refinance certain indebtedness the proceeds of which were used by, Maryview for the payment of the costs of acquiring, constructing, equipping, expanding, enlarging and improving certain of its medical facilities, and (iii) pay certain costs incurred in connection with the issuance of the Bonds. • The Bonds will be issued pursuant to the Virginia Industrial Development and Revenue Bond Act, Chapter 49, Title 15.2, Code of Virginia of 1950, as amended (the "Act"), and will be limited obligations of the Henrico Authority payable solely from the revenues and receipts derived from payments provided by BSHSI, Maryview and certain related corporations.