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June 25~ 1985
<br />
<br /> WHEREAS, the Portsmouth Redevelopment and Housing Authority of the City of Portsmouth,
<br />Virginia (PRHA) has been authorized by the Council of the City of Portsmouth, Virginia, to
<br />advertise and hold public hearings relative to the issuance of Industrial Development Revenue
<br />Bonds; and
<br />
<br /> WHEREAS, the PRHA has considered the application of M.K.S. Properties, a Virginia General
<br />Partnership in formation, (the "Company"), for the issuance by PRHA of Industrial Development
<br />Revenue Bonds pursuant to Chapter 1 of Title 36 of the Code of Virginia, 1950, as amended,
<br />in a principal amount not to exceed One Million Dollars ($1,000,000) to finance a portion of
<br />the cost of acquiring, renovating and operating in a multi-family residential rental housing
<br />project known as Westhaven Apartments consisting of fifty-six (56) units ~the "Project")
<br />located at the intersection of County and Powhatan Streets in the City of Portsmouth, Virginia
<br />and has held a public hearing hereon on June 11, 1985; and
<br />
<br /> WHEREAS, the "Company" has described to PRHA t~e benefits which the project will bring
<br />to the Commonwealth of Virginia and to the City of Portsmouth, Virginia, mn that the project
<br />will provide housing for persons of low and moderate income and thereby promote the public
<br />purposes for which the PRHA was established; and
<br />
<br /> WHEREAS, the PRHA has requested Council to approve the issuance of the Bonds to comply
<br />with the applicable federal and state laws; and
<br />
<br /> WHEREAS, a copy of PRHA's resolution approvin~ the issuance of said Bonds subject to the
<br />terms and conditions contained therein, and the applicable certifications and documentations
<br />required by the applicable federal and state laws have been provided to the City Council for
<br />its consideration.
<br />
<br /> NOW, THEREFORE, BE IT RESOLVED that the Council of the City of Portsmouth, Virginia,
<br />approves the issuance of Industrial Development Revenue Bonds by the PRHA for the 'Company"
<br />in an amount not to exceed One Million Dollars ($1,000,000) to finance a portion of the cost
<br />of acquiring, renovating and operating the'"Project".
<br />
<br /> BE IT FURTHER RESOLVED that the approval of the issuance of the Bonds as required by the
<br />applicable federal and state laws does not constitute an endorsement of the Bonds, financial
<br />viability of the "Project" or the credit worthiness ~f the "Company", but as required by the
<br />applicable provisions of the Code of Virginia, the BOnds shall provide that neither the Commor
<br />wealth of Virginia, City of Portsmouth, nor the PRHA shall be obligated to pay the Bonds or
<br />the interest thereon or other costs incident thereto except from the revenues and monies
<br />pledged therefor, and neither the faith or the credit of the taxing power of the Commonwealth
<br />the City, nor PRHA shall be pledged thereto.
<br />
<br />This resolution shall take effect immediately upon its adoption."
<br />
<br />Ayes: Beamer, Corprew, Gray, Lucas, ~Vebb, ~itlow, Holley
<br />Nays: None
<br />
<br /> 85-186 Letter from the City Manager recommendin~ adoption of a motion to continue the
<br />Perinatal Health Care Program a second year and transfer ~f funds in the amount of $--,860 fro~
<br />the Grants Contingency Account for this purpose.
<br />
<br /> "In ~arch of this year, I request'ed the transfer of funds f?om the Grants Contingency
<br />Account to extend the Perinat&l Health Care Proeram throueh the end of the State's fiscal
<br />year ending June 30, 1985. I am pleased to inform yqu that the program has been granted a
<br />renewal fo~ a second year'with fun~s from ~he~Bhreau of Maternal and Child Health.
<br />
<br /> The Perinatal Health Care Program employs nurse~ outreach workers, and clerical personne
<br />to provide prenatal and well-baby clinics, nutritionJ assessment and counseling, home visits,
<br />parenting classess, transportation and medical care Jot low-income, high-risk mothers and
<br />infants. These services are provided for the entire Tidewater Health District which i~cludes
<br />Portsmouth, Suffolk, Isle of Wight, Franklin and Sou hampton County.
<br />
<br /> The State Bureau of Maternal and Child Health
<br />the sum of $7?,860 in federal funds to renew
<br />is required, and
<br />
<br /> i~ awarding
<br /> the program for a
<br /> the program is renewable on an annusl basis.
<br />
<br />I r~ommend approval to contiue the program a second year
<br />Grants Contingency Account for this purpose."
<br />
<br />the
<br />
<br />the Portsmouth Health Departmen-
<br />second year. No local match
<br />
<br />and the tranKfer of $77,860 fro
<br />
<br /> Motion of Mrs. Webb and seconded by Mr. Beamer, that authorization be granted to transfer
<br />$77,860 to Grants Contingency Account, as requested, and was ad~pted by unanimous vote.
<br />
<br />Unfinished Business Moved Down
<br />
<br />8S-128(f) GHP 85-- Group housing projec~ application of Hearring-Overton Partnership.
<br />
<br /> The City Attorney explained the procedure used on group housing and use permit resolutions
<br />and conditional ~6ning.
<br />
<br /> The City Attorney identified the changes in the ~roup housing resolution under Item 1, 2,
<br />and 7, which has been included for consideration of a~option.
<br />
<br /> On motion of Mr. Whitlow and seconded by Mrs. Webb, the following resolution, with change
<br />was adopted by the following vote:
<br />
<br />
<br />
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