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263
<br />
<br />October 9, 1984
<br />
<br />Code of the City. Each Note issued hereunder shall be accompanied by a certificate of the
<br />City Manager and the Director of Finance of the City in the form prescribed in Section 11-
<br />17 of the Code of the City. The provisions of paragraph 2 hereof shall apply to the Notes
<br />to the extent that same are not paid from the proceeds of the Bonds or from any other
<br />available funds. The sale of the Notes and the form and other details thereof shall be
<br />approved, ratified and confirmed by the resolution of this Council. Bonds in anticipation
<br />of which the Notes are issued must be issued and sold in accordance with this resolution not
<br />later than five years of the date of original issue of the first Notes.
<br />
<br /> 5. The City Attorney of the City shall be and hereby is directed to file a copy of
<br />this resolution, certified by the City Clerk of the City to be a true copy thereof, with
<br />the Circuit Court o£ the City of Portsmouth, Virginia, and such City Clerk shall be and
<br />hereby is directed to publish once within ten (10) days of the date of filing of such resoluti(
<br />a notice with respect thereto in The Virginian Pilot, a newspaper of general circulation in
<br />the City, in accordance with Section 15.1-199 of the Code of Virginia, 1980, as amended.
<br />Such notice shall be in substantially the following form:
<br />
<br />"LEGAL NOTICE
<br />
<br /> Notice is hereby given pursuant to Section 15.1-199 of the Code of Virginia, 1950, as
<br />amended, that the Council of the City of Portsmouth, Virginia, adopted on October 9, 1984,
<br />a resolution authorizing the issuance, as a whole at one time or in part from time to time,
<br />$5,305,000 aggregate principal amount of general;obligation bonds and further authorizing
<br />and providing for the issuance and sale of general obligation bond anticipation notes in
<br />anticipation of the issuance of such bonds and caused a certified copy of such resolution
<br />to be filed with the Circuit Court of the City of Portsmouth on ,
<br />19
<br />
<br /> The proceeds of sale of such bonds and notes shall be applied to the payment of:the
<br />costs of the public improvement projects described below in substantially the amounts set
<br />forth opposite the descriptions of the respective projects:
<br />
<br />PROJECTS AMOUNTS
<br />
<br /> Community Services
<br /> Education
<br /> Parks and Recreation
<br /> Public Safety
<br /> Drainage, Curbs, Gutters, and
<br /> Street Improvements
<br />Urban Transportation
<br /> Urban Renewal and Priority Action Programs
<br /> Industrial and Economic Development
<br />
<br />$ 550,000
<br /> 3,815,627
<br /> 230,000
<br /> 238,412
<br />
<br />190,000
<br />230,961
<br />
<br /> 50,000~
<br />
<br />TOTAL $5,305,000
<br />
<br />provided, that if any such project shall require less than the entire respective amount set
<br />forth above, the difference may be applied to pay the cost of any other project so set forth.
<br />
<br />City Clerk
<br />City of Portsmouth, Virginia"
<br />
<br />6. ~his resolution shall take effect from the date of its adoption."
<br />
<br />Ayes: Beamer, Corprew, Gray, Lucas, Webb, Whitlow, Holley
<br />Nays: None
<br />
<br /> 84-379 - Letter from the City Manager recommending adoption of a resolution to convey a
<br />25 x 15 foot strip of property in the Effingham Redevelopment Project to Portsmouth Redevelop-
<br />ment & Housing Authority.
<br />
<br /> "In 1980, a twenty-five foot strip of property located at 2311 Green Street and in the
<br />Effingham Redevelopment Project, was closed by the City Council. However, it was never convey
<br />ed to the Portsmouth Redevelopment & Housing Authority. Inadvertently, the Housing Authority
<br />conveyed the property without clear ~itle~ It is now necessary that the appropriate legal
<br />proceedings be undertaken.
<br />
<br /> I recommend approval of the resolution to convey this parcel of property to the Ports-
<br />mouth Redevelopment & Housing Authority."
<br />
<br /> On motion of Mr. Whitlow and secohddd by Mrs. Webb, the following resolution was adopted,
<br />and by the following vote:
<br />
<br />"A RESOLUTION AUTHORIZING THE CITY MANAGER TO CONVEY CITY.OWNED PROPERTY
<br />TO PORTSMOUTH REDEVELOPMENT AND HOUSING AUTHORITY (PORTION OF 2311 GREEN STREET).
<br />
<br /> WHEREAS, the City of Portsmouth owns certain real property consisting of a twenty-five
<br />£oot (25') strip of land located at 2311 Green Street, which property is no longer required
<br />for public purposes and is, hereby, declared to be excess property; and
<br />
<br />
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