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142
<br />
<br />Oct_obit _1, 1985
<br />
<br /> Requests for proposal forms, for the official statement
<br />pertaining to the Bonds and for~further information should be
<br />addressed to Mr. Roy W. Cherry, Assistant City Manager for
<br />Administration and Finance, City of Portsmouth, P.O. Box 820,
<br />Portsmouth, Virginia 23705 (telephone 804-393-8251). Proposal
<br />forms and the official statement may also be obtained at-the
<br />offic~ of Wood Dawson Smith & Hellman, 17 Battery Place, New
<br />York, New York 10004 (telephone 212-422-0450).
<br />
<br />CITY OF PORTSMOUTH, VIRGINIA
<br />
<br />By: George L. Hanbury
<br /> CITY MANAGER"
<br />
<br /> 11. The City Attorney of the City is hereby directed to
<br />file a copy of this resolution, certified by the City Clerk of
<br />the City to be a true copy hereof, with the Circuit Court of
<br />the City of Portsmouth, Virginia, and the City Clerk shall and
<br />is hereby directed to publish once within ten (10) days of the
<br />date of such filing a notice in The Virginian Pilot, a
<br />newspaper of general circulation in the City, in accordance
<br />with Section 15.1-199 of the Code of Virginia, 1950, as
<br />amended. Such notice shall be in substantially the following
<br />form:
<br />
<br />"LEGAL NOTICE
<br />
<br /> Notice is hereby given pursuant to Section 15.1-199, Code
<br />of Virginia, 1950, as amended, that the Council of the City of
<br />Portsmouth, Virginia, adopted.on October 1, 1985, resolutions
<br />authorizing the issuance of $20,150,000 principal amount of
<br />General Obligation Public Improvement Bonds and $9,850,000
<br />principal amount of General Obligations Public Utility Bonds
<br />of the City of Portsmouth and caused certified copies of such
<br />resolutions to be filed in the Circuit Court of the City of
<br />Portsmouth on October , 1985.
<br />
<br /> The proceeds of sale of the General obligation Public
<br />Improvement Bonds shall be applied to the payment of the costs
<br />of the following public improvement projects in substantially
<br />the following respective amounts:
<br />
<br />Rehabilitation Loan ProGram $1
<br />Community Services 1
<br />Education 6
<br />Parks and Recreation
<br />Public Safety
<br />Urban Transportation 4
<br />Drainage, Curbs, Gutters and
<br />Street Improvements 1
<br />Urban Renewal and Priority Action
<br />Program 3
<br />Industrial and Economic Development
<br />
<br />,495,000
<br />,511,758
<br />,775,057
<br />597,083
<br />388,412
<br />,298,450
<br />
<br />,430,000
<br />
<br />,554,240
<br />100,000
<br />
<br />Total $20,150,000
<br />
<br />provided that if any project set forth shall require less than
<br />the entire respective amount set forth above, the difference
<br />may be applied to any other project set forth above.
<br />
<br /> The proceeds of sale of the General ObliGation Public
<br />Utility Bonds shall be applied to the payment of the costs of
<br />capital improvements, extensions and additions to such City's
<br />revenue-producing water and sewerage system."
<br />
<br /> 12. Ail other resolutions, ordinances or orders or parts
<br />thereof in conflict with the provisions of this resolution are
<br />to the extent of such conflict hereby repealed.
<br />
<br /> 13. This resolution shall take ef~fect from the date
<br /> its adoption.
<br />
<br />Ayes: Beamer, Corprew, Gray, Lucas, Whitlow, Holley
<br />Nays: None
<br />
<br />of
<br />
<br /> (c) An ordinance to appropriate $~0,990 from
<br />from the Public Utilities Capital Improvement Fund
<br />$30,000,000 of General Obligation Bonds.
<br />
<br />the Capital
<br />for expenses
<br />
<br />Improvement Fund and $20,000
<br />related to the issuance of
<br />
<br />
<br />
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