Minutes 04/23/2013 - Laserfiche WebLink

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April 23, 2013 19. LaWanda Turner-Hamlin, 4618 County Street, spoke in support of increased school funding. 20. Gracie Bowers, 5208 Crabtree Court, spoke in support of increased school funding. 21. Angela Peterson, 3024 Aaron Drive, spoke in support of increased school funding. 22. Paul Sarandria, 7 Sunset Court, spoke in support of increased school funding. 23. Starre Williams, P.O. Box 265, spoke in support of increased school funding. 24. Mark Geduldig-Yatrofsky, P.O. Box 50141, spoke in support of teachers and the importance of retaining them. 25. Donna Sayegh, 3104 Garland Drive, spoke in opposition of increased school funding. 26. William McCallum, 340 County Street, spoke in support of increased school funding. 27. Pat Simons, 801 Mimosa Road, spoke in opposition of increased school funding. 28. Whitteney Guyton, 529 Normandy Street, spoke in support of increased school funding. 29. Steve Carroll, 3112 Riveredge Drive, spoke in opposition of increased school funding. 30. Elvira Johnson, 3313 Armistead Drive, spoke in support of increased school funding. 31. James Bridgeford, 2002 Sawgrass Lane, spoke in support of increased school funding. (b) Public hearing to consider the Annual Operating Budget that establishes or increases rates on Fire Protection and Prevention, Libraries and Museums, Parks and Recreation, and Police fees and includes proposed rate changes to take effect on July 1, 2013. 1. Elvira Johnson, 3313 Armistead Drive, thanked Council for supporting the needs of recreational facilities. (c) Public hearing on recommended 2014-2018 Capital Improvement Program. 1. Mark Geduldig-Yatrofsky, P.O. Box 50141, voiced his concern about the need to provide recreational facilities and activities for the youth of the city. - City Manager's Report - 13-188- Adoption of an ordinance authorizing the issuance and sale of City of Portsmouth, Virginia General Obligation Refunding bonds in an aggregate amount not to exceed $52,000,000. Vision Principle: Efficient, Responsive Government. Background: • On August 25, 2009, City Council authorized a revised Sale and Development Agreement for a new Portsmouth Courthouse. • This agreement included a multi-year schedule of City payments to the developer, including the issuance of approximately $50 million in Bond Anticipation Notes. The Bond Anticipation Notes were issued in March, 2010 and June 2011. • These Notes have final maturities in fiscal year 2015 and are able to be called early (i.e. prepaid and permanently termed out) beginning in July, 2013.