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July 9, 1985
<br />
<br />pursuant to the authority vested in him in the DeficSt Reduction Act of 1984 to PPIC in order
<br />to cover the issuance by PPIC of the One Million, Two Hundred Forty-Four Thousand, Four
<br />Hundred Dollar ($1,244,400) Industrial Development Revenue Bonds for the benefit of the
<br />"Company"; provided, however, if the Bonds are not issued on or before December 12, 1985, suc
<br />allocation for the benefit of the 'Company" shall expire unless such period is extended by
<br />resolution of the Council.
<br />
<br /> BE IT FURTHER RESOLVED that the Council of the City of Portsmouth, Virginia, requests
<br />an allocation from the State Reserve as provided for in the "Executive Order" in an amount
<br />not to exceed Seventy Eight Million, Seven Hundred Fifty-Five Thousand, Six Hundred Dollars
<br />($78,755,600) for the benefit of the "Company" and that the City Manager be, and he hereby
<br />is, authorized to submit an application with the Allocation Administrator to request an
<br />allocation from the State Reserve and to execute any documents as may be required thereby.
<br />
<br /> BE IT FURTHER RESOLVED that the approval of the issuance of the Bonds as required by
<br />the applicable federal and state laws does not constitute an endorsement of the Bonds,
<br />financial viability of the facility, or the credit wothiness of the Company, but, as required
<br />by Section 15.1-1380 of the Code of Virginia, 1950, as amended, the Bonds shall provide that
<br />neither the Commonwealth of Virginia, City of Portsmouth, nor PPIC shall be obligated to pay
<br />the Bonds or the interest thereon or the costs incident thereto except from the revenues
<br />and monies pledged therefor, and neither the faith nor credit of the taxing power of the
<br />Commonwealth, the City, nor PPIC shall be pledged thereto.
<br />
<br />This resolution shall take effect immediately upon its adoption.
<br />
<br />Ayes: Beamer, Corprew, Gray, Lucas, Webb, Whitlow, Holley
<br />Nays: None
<br />
<br />REPORTS FROM THE CITY MANAGER -
<br />
<br /> 85-193 Letter from the City Manager recommending adoption of an ordinance to appropris
<br />$17,716 for installation and repair of fencing at Manor High Schcol.
<br />
<br /> "The Portsmouth School Board at its Thursday, May 16, 1985 meeting, requested appro-
<br />priation of $17,716 for installation and repair of fencing ar Manor High School. This pro-
<br />ject was authorized in the City's 1984-85 Capital Improvements Program.
<br />
<br /> The Superintendent of Schools feels that this project
<br />security, crowd control and activity management. Champion
<br />bidder for the repair work and Hercules Fence Division was
<br />of new/replacement fencing.
<br />
<br />xs necessary for reasons of safety
<br />Fence Incorporated was the low
<br />the low bidder for the installatie
<br />
<br />Champion Fence, Inc. S 3,355
<br />Hercules Fence Division 14,361
<br /> $17,716
<br />
<br /> Attached is an ordinance prepared by the City Attorney which would appropriate the
<br />amount requested.
<br />
<br />I recommend that the amount requested ($17,716) be appropriated."
<br />
<br /> On motion of Mr. Gray and seconded by Mr. Beamer, the following ordinance was approved
<br />on first reading by unanimous vote:
<br />
<br />"AN ORDINANCE TO APPROPRIATE $17,716. FROM THE CAPITAl IMPROVEMENT FUND FOR
<br />INSTALLATION AND REPAIR OF FENCING AT MANOR HIGH SCHOOL."
<br />
<br /> 85-194 Letter from the City Manager recommending adoption of an ordinance to
<br />appropriate $195,000 to connest Tidewater Community College's sanitary sewer system to
<br />the Hampton Roads Sanitation Distriat Plant and authorization to execute the required
<br />agreement pending the State's final approval on its terms and conditions.
<br />
<br /> "On March 9, 1976, City Council adopted a resolution acknowledging the designation of
<br />the Frederick Campus of Tidewater Community College as the primary campus for the City of
<br />Portsmouth. This resolution also committed the City to connecting TCC's sanitary sewer
<br />system to the Hampton Roads Sanitation District Plant.
<br />
<br /> Dr. George Pass, President of fCC, has formally requested that the City appropriate
<br />the funds to initiate the project. Because General Electric would share the force main and
<br />pump station (50/50 based on existmng volume], an agreement witk the Commonwealth of
<br />Firginia is required. The City Attorney's Office has approved the attached agreement and
<br />the Director of Public Utilities has indicated that the plans and specifications meet with
<br />his approval. Based on TCC's Engineer's estimate, the cost for the project is as follows:
<br />
<br />Construction
<br />Architect/Engineering
<br />Contingencies
<br />
<br />$345,000
<br /> 35,000
<br /> 10.000
<br />
<br />TOTAL $390,000
<br />
<br />City's Share $195,000
<br />
<br /> Therefore, I recommend that the amount of $195,00( be appropriated and that I be
<br />authorized to execute the required agreement pending the State's final approval on its terms
<br />and conditions."
<br />
<br />
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