Minutes 08/14/2001 - Laserfiche WebLink

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Au.qust 14, 2001 2. The City Council of the City of Portsmouth, Virginia, approves the issuance of the Bonds by the Authority to assist in the plan of finance described herein for the benefit of the Company to the extent required by the Code and Section 15.2- 4906 of the Act. 3. The approval of the issuance of the Bonds, as required by the Code and Section 15.2-4906 of the Act, does not constitute an endorsement to a prospective purchaser of the Bonds of the creditworthiness of the Ocean Marine Yacht Center or the Company, and, as required by Section 15.2-4909 of the Act, the Bonds shall provide that neither the City nor the Authority shall be obligated to pay the Bonds or the interest thereon or other costs incident thereto except from the revenues and moneys pledged therefor and neither the faith or credit nor the taxing power of the Commonwealth of Virginia, the City or the Authority shall be pledged thereto. 4. The resolution of the City Council of the City of Portsmouth, Virginia, adopted on July 25, 2000, with respect to the plan of finance described in the first preamble to this Resolution is hereby ratified and confirmed except that Bonds in the aggregate principal amount of $7,000,000 rather than $8,000,000 are hereby designated as "new empowerment zone facility bonds" for purposes of Section 1394(f)(2)(A) of the Code. 5. This Resolution shall take effect immediately upon its adoption." Ayes: Benn, Griffin, Moody, Pitts, Robinett, Whitehurst Nays: None - Public Hearing - 01 - 205 - Public hearing on a group housing application: (d) GHP-01-03 CHURCHLAND NEIGHBORHOOD - Rustom and Milda Irani request a group housing use permit to construct a nine unit apartment complex at 5818 and 5820 West Norfolk Road. The Comprehensive Plan recommends single-family development on the site. Deferred from the July 10, 2001 City Council meeting. 1. James W. McEIroy, 3000 Voyager Court, Chesapeake, VA, spoke in support of the use permit. 2. James C. Hawks, 320 London Street, spoke in support of the use permit. Motion by Mr. Moody, and seconded by Mr. Pitts, to concur with the recommendation of the Planning Commission that GHP-01-03 be denied on first and final reading: Substitute motion by Mr. Robinett, and seconded by Mr. Benn, to refer this item back to the Planning Commission, and was defeated by the following vote: Ayes: Robinett, Griffin Nays: Benn, Moody, Pitts, Whitehurst The original motion to concur with the recommendation of the Planning Commission that GHP-01-03 be denied on first and final reading, and was adopted by the following vote: Ayes: Benn, Griffin, Moody, Pitts, Whitehurst Nays: Robinett 01 - 233 - Public hearing on a code amendment and street closure applications: (a) CA-01-01 CITYWIDE - Request of the City of Portsmouth to amend Chapter 40 of the Zoning Ordinance to include language that would establish review criteria for new developments that generate traffic volumes which equals or exceeds 1,000 trip ends during a 24-hour day or equals or exceed 100 trip ends during a peak hour.