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October 14, 1986
<br />
<br />ance with this resolution not later than five years of the date of
<br />the original issue of the first Notes.
<br />
<br /> 5. The City Attorney of the City shall be and hereby is direcl
<br />~d to file a copy of this resolution, certified by the CityI Clerk
<br />the City to be a true copy thereof, with the Circuit Court Of the
<br />2ity of Portsmouth, Virginia, and such City Clerk shall be and heret
<br />is directed to publish once within ten (10) days of the date if £il-
<br />lng of such resolution a notice with respect thereto in ThelVirginie
<br />~ilot, a newspaper of general circulation in the City, in acco
<br />~Sedtion 15'.1~1~9'~of ~he Code nf Virginia, lgS0~ aa ame
<br />Su~h'n~i~sha~ ~e in~s~bstagtially the following form:
<br />
<br />"LEGAL NOTICE'
<br />
<br /> Notice ~s hereby given pursuant to Section 15.1-19P of
<br />of Virginia, 1950, as amended, that the Council of the City
<br />mouth, Virginia, adopted on October 1~, 1986, a resolution auth~
<br />ing the issuance, as a whole at one time or in part from time
<br />$5,470,000 aggregate principal amount of general oblidation bonds
<br />and further authorizing and providing for the iasuance and sale of
<br />general obligation bond anticipation notes in anticipation ~f issu-
<br />ance of such bonds and caused a certified copy of such resolution
<br />oe filed with the Circuit Court of the City of Portsmouth om
<br /> , 19
<br />
<br /> The proceeds of sale of such bonds and notes shall be applied
<br />to the payment of the costs of the public improvement projeSts des-
<br />zribed below in substantially the amounts set forth opposit~ t~e
<br />iescriptions of the respectmve projects:
<br />
<br />PROJECTS A~{OUNTS
<br />
<br />Community Services
<br />Education
<br />Parks and RKcreation
<br />Drainage, Curbs, Gutters, and
<br /> Street Improvements
<br />Urban Renewal and Priority Action
<br /> Programs
<br />Industrial and Economic Development
<br />
<br /> 872,608
<br /> 246,000
<br />1,512,000
<br />
<br />2,426,676
<br />
<br />300,000
<br />112,716
<br />
<br />Ayes: Barnes, Corprew, Gray, Lucas, Simpson, WebbJ, Holley
<br />Nays: None
<br />
<br /> 86-364 - Letter from the City Manager recommending adopltion of
<br /> resolution endorsing the selection of a site boundeJ on th[e south
<br /> y Wythe Street and on the east by First Street for the prop,osed
<br />4ONITOR-MERRIMACK Museum.
<br />
<br /> "In accordance with Council provisions (see a~tached), Verne
<br />lohnson and Associates, Inc., Architects and Planners, Bosto,
<br />~assachusetts, have prepared a site evaluation report for thl
<br />~osed MONITOR-MERRIMACK Museum. The report has been reviewed by
<br />
<br /> 6. This resolution shall take effect from the date of its
<br />~doption."
<br />
<br />City Clerk
<br />City of Portsmouth, Virginia"
<br />
<br />~rovided, that if any such project shall
<br />zire respective amount set forth above,
<br /> pay the cost of any other project so
<br />
<br />require less than
<br />the difference may
<br />set forth.
<br />
<br />TOTAL $ 5,470,000
<br />
<br />
<br />
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