Minutes 11/10/1986 - Laserfiche WebLink

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November 10, 1986 On motion of Mrs. Webb and seconded ordinance was adopted on first and final lng vote: by Mr. Gray, the following reading, and by the follow- "AN ORDINANCE CLOSING A PORTION OF ELLIOTT AVENUE." Ayes: Barnes, Cororew, Gray, Simpson, Webb, Holley Nays: None 86-408 Letter from the City Manager recommending adoption of an ordinance to close portions of Summit Avenue, Centre Avenue, Wilcox Avenue, Dewey Street, Cedar Avenue, and Olympia Avenue within the boundaries of the Frederick Military Academy property. "Frederick Foundation, Inc., has made application to vacate ~ortions of certain stree~within the boundaries of the property as Frederick Military Academy on Portsmouth Boulevard. The s have examined the streets in question and report that no inconvenience would result from closing of these streets. The g Commission recommends approval of the application. I recommend adoption of the ordinance closing those portions of the public rights-of-way within the boundaries of the Frederick Academy property." On motion of Mr. Gray and seconded by Mrs. Webb, the following 3rdinance was adopted on first and final reading, and by the follow- ing vote: "AN ORDINANCE CLOSING A PORTICN OF THE FOLLOWING STREETS: SUMMIT AVENUE, CENTRE AVENUE, WILCOX AVENUE, DEWEY STREET, CEDAR AVENUE AND OLYMPIA AVENUE, ALi WITHIN THE BOUNDARIES OF THE PROPERTY KNOWN AS FREDERICK MILITARY ACADEMY.' Ayes: Barnes, Corprew, Gray, Simpson, Webb, Holley Nays: None id C. Kilgore, Attorney, Suite 302, Central Fidelity Bank .g, representing petitioner, was present to answer questions. 86-409 Letter from the City Manager recommending adoption of ordinance to amend the City Code by amending Section 2-19 pertai~ lng to the estabishment of the Portsmouth Risk Management and Insur- Fund, and by adding to Chapter 2, Section 2-20 pertaining to :he establishmen~ of the School Board Risk Management and Insurance ~und, "As a result of the continuing problem confronting governmental ~ntities with respect to the rising cost of liability ~nsurance, the {uperintendent of Schools and I have'revie,~ed alternatives available ~o reduce the cost of liability protection while, at the same time, ~ssure the protection of the assets of the Portsmouth Public Schools ?his review took into consideration the City's Self-Insurance Progra the financial savings that have resulted since its inception, it appears that a similar orocedure should prove financially ~enefici~l for the Portsmouth ~ublic Schools. The proposal agreed upon by the Superintendent and me calls for ~he creation by the City Council of a School Board Risk Management Insurance ~und, which will provide a source of funding for unex- pected School losses, including vehicle and general liability claims ~he initial contribution to the Fund will be made by the School Boar for the remainder of this fiscal year. In each subsequent fiscal ~ear as part of the annual budget process the City Council would ~ropriat~ the available balance in the Fund as we~l as the estimat revenues for the ensuing fiscal year.