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277
<br />
<br />April 26, 198S
<br />
<br /> The regular City Council meeting was held on Tuesday~ April 26, 1983 at 7:30 p.m. in
<br />A. Wiliett Auditorium of the Woodrow Wilson High School, with the following present:
<br />
<br /> J. E. Johansen, Jack P. Barnes, Ben A. Beamer, Sr.,J. Robert Gray, James W. Holley,
<br /> III, Gloria O. Webb, Morton V. Whitlow, George L. Hanbury, City Manager, Steven
<br /> Lieberman, City Attorney.
<br />
<br />the
<br />
<br /> Rev. Kenneth E. King, Pastor, Port Norfolk Baptist Church, opened the meeting with prayer,
<br />fo-llowed by the Pledge of Allegiance to the Flag.
<br />
<br />Mayor Johansen welcomed all visitors in attendance.
<br />
<br /> Motion of Mr. Beamer and seconded by Mrs. Webb, minutes of the called meeting of April
<br />11, 1985; minutes of the Public Hearing of April 11, 1983; minutes of the convened meeting
<br />of April 12, 1983: minu~es of th~ regular meetingcof April 12, 1983; minutes of the public
<br />work session of April 20, 1983, to be approved as received, and was adopted by unanimous vote
<br />
<br /> . _ ~ ebb
<br /> Motion of' Mr. Barnes anJ seconded by Mrs./to amend the Agenda by acting on Items 83-151,
<br />83-152, and 83-153 prior to the Public Hearing on City Operating Budget, General Revenue
<br />Sharing Budget, and Proposed Real Estate Tax increase for Fiscal Year ending June 30 1984
<br />and was adopted by unanimous vote: ' '
<br />
<br /> 83-151 Letter from the City Manager recommending adoptmon of a resolution approving
<br />the issuance of Industrial Development Revenue Bonds by the Portsmouth Port and Industrial
<br />Commission for Moon Engineering Company, incoprporated in an amount estimated at $3,000,000
<br />for a shipyard and backup facilities to be located in Portsmouth.
<br />
<br /> "The Portsmouth Port and Industrial Commission held a public hearing on April 19, 1983,
<br />and approved the issuance of Industrial Development Revenue Bonds for Moon Engineering Company
<br />Inc. ~n an amount estimated at $3,000,000. This amount is necessary for the improvements to
<br />a portion of the Pinners point property consisting of constrnstion of a shipyard with all
<br />supporting facilities. In aczord~nce with the applicable federal and state law the PPIC has
<br />requested City Council to approve the issuance of such bonds.
<br />
<br /> Although details of the disposition of this property are still being negotiated, initial
<br />plans call for Moon Engineering Company, presently located in Norfolk, to establish a shipyard
<br />~o engage in ship repair, conversion and overhaul (commercmal and government) on 15-23 acres
<br />of property at Pinners Point. Initial investment would total $3,000,000 with second phase
<br />investment bringing the project total to $S,000,000. Moon Engineering Company presently emplo
<br />approximately 150 people and would expect an ultimate work force of 500 employees. Local taxe
<br />expected from this investment range from $7S,000 in the first phase to well over $100.000 upon
<br />project completion.
<br />
<br /> The attached resolution has been prepared by the City Attorney and I recommend its ap-
<br />proval.''
<br />
<br />The following citizens spoke in opposition of the resolution:
<br />
<br />Charles R. Chambers, P. O. Box 609, Portsmouth, representing Nacirema Operating Co.,
<br />~illiam C.~Ernest, 909 Geheral Jackson O~ive, Firginia Beach, representing Maryland
<br /> Undercoating Co.
<br />Matthew S. Healy, 327 Lee Avenue, Portsmouth, representing Dixie Auto Transport.
<br />
<br /> A. R. Kirk, 3812 Millgrove Court, Chesapeake, representing Moon Engineering Company,
<br />spoke in favor of the resolution.
<br />
<br /> Motion of Mr. Holley and seconded by Mr. Barnes,
<br />time be transferable to Mr. William Thomas, Presiden~
<br />adopted by unanimous vo~e.
<br />
<br />to suspend the rules for ~ K:i~k~m
<br />of Moon Engineering Company, and was
<br />
<br />and
<br />
<br /> Mr. Thomas spoke concerning the resolution and reasons
<br />
<br />On motion of Mr. Whitlow and seconded by Mr. Gray, the
<br />by the following vote:
<br />
<br />for locating in Portsmouth.
<br />following resolution was adopted,
<br />
<br />"A RESOLUTION APPROVING THE ISSUANCE OF INDUSTRIAL DEVELOPMENT REVENUE BONDS
<br />BY THE PORTSMOUTH PORT AND INDUSTRIAL COMMISSION FOR MOON ENGINEERING COMPANY,
<br />IN~ORRDRAT, B~qIN AN AMOUNT ESTIMATED AT $3,000,000. FOR A SHIPYARD AND BACKUP
<br />FACILITIES TO BE LOCATED IN PORTSMOUTH, VIRGINIA.
<br />
<br /> WHEREAS, the Portsmouth Port and IndustriaI Commission (PPIC) has been authorized by the
<br />Council of the City of Portsmouth, Virginia, to advertise and hold public hearings relative
<br />to the issuance of Industrial Development Revenue Bonds; and
<br />
<br /> WHEREAS, PPIC has considered the application of Moon Engineering Company, Incorporated
<br />for the issuance of PPIC's Industrial Development Revenue Bonds in an amount estimated at
<br />Three Million ($3,000,000.) Dollars to assist in the financing of the acquisition of a lease
<br />certain land and improvements owned by PPIC located in the City of Portsmouth, ' ' and
<br />for the construction and equipping of a shipyard together with all backup Vmrg~nia,
<br /> facilities thereon;
<br />and has held a public hearing thereon on April 19, 1983; ahd
<br />
<br /> WHEREAS, PPIC has requested City Council to approve the issuance of the bonds to comply
<br />with applicable federal and state laws; and
<br />
<br />
<br />
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