|
251
<br />
<br />February 2£~ 1983
<br />
<br /> $601 000 is required at this time. It should be noted that the Cit~P~ investment of $129,000
<br /> will generate approximately 500-600 jobs and expand the City's ta~ase by $9,000,000.
<br />
<br /> I recommend that you approve the attached appropriatio~-~dinance and that you authorize
<br /> awarding the contract to the low bidder on first reading,~~
<br />
<br /> motion of.~r~ Barnes and seconded by Mr~G~ay, the following ordinance was approved on
<br /> reading, and to award contract to Warbler Construction Co., Inc., lowest responsible bidder,
<br /> in the amount of $800,320.30, and was adopted by unanimous vo~e:
<br />
<br /> "An ORDINANCE TO APPROPRIATE $601,000 FROM THE CAPITAL IMPROVEMENTS FUND FOR THE
<br /> CONSTRUCTION OF AN ACCESS ROAD AND UTILITY IMPROVEMENTS FOR AN INDUSTRIAl SITE
<br /> BETWEEN THE JORDAN BRIDGE AND THE NORFOLK NAVAl SHIPYARD."
<br />
<br /> 83-~2 Letter from the City Manager recommending adoption of an ordinance to amend the
<br />City Code by amending Sections 35-5 and 11~47.1 ~hereof, pertaining to bad check fees.
<br />
<br /> "By ordinance adopted on July 27, 1982, the City of Portsmouth imposed a bad check charge
<br />upon writers of checks submitted for taxes or any other sum due the municipality of $20.00 per
<br />check. A recent review of the City Code indicated that the question of dishonore~ checks ~ere
<br />dealt with in separate sections and, for purposes of clarity, the City Attorney has recommende~
<br />the adoption of the attached ordinance. The Direct3r of Finance an~ I support the adoption of
<br />same."
<br />
<br /> On motion~ of Mr. Barnes and seconded by Mr. Whitlow, the following ordinance was adopted
<br />first and final reading, and by the following vote:
<br />
<br />"AN ORDINANCE TO AMEND THE CODE OF THE CITY OF PORTSMOUTH, VIRGINIA, 1973, BY AMENDING
<br />SECTIONS 35-6 AND 11-47.1 THEREOF, PERTAINING TO BAD CHECK FEES."
<br />
<br />Ayes: Barnes, Gray, Holley, Webb, Whitlow, Johansen
<br />Nays: None
<br />
<br /> 8~-73 Letter from the City Manager recommending the
<br />the issuance of Industrial Revenue Bonds by the Portsmouth
<br />for Mall Law Office Associates in the amount of $150,000.
<br />
<br /> "Attached is a resolution authorizing ~he City Council
<br />in Industrial Revenue Bonds to Mall Law Office Assoaiates.
<br />of the City of Portsmouth has reviewed this application and
<br />approval."
<br />
<br />adoption of a resolution approving
<br />Industrial Development Authority
<br />
<br /> to approve th~ issuance of $150,00(
<br /> The Industrial Development Authori~
<br /> recommends to City Council for you~
<br />
<br /> On mo~ion of Mr. Barnes and seconded by Mr. Gray, the following resolution was adopted,
<br />and by the following vote:
<br />
<br />"A RESOLUTION APPROVING THE ISSUANCE OF INDUSTRIAL DEVELOPMENT REVENUE BONDS
<br />BY THE INDUSTRIAL DEVELOPMENT AUTHORITY OF THE CITY OF PORTSMOUTH FOR MALl LAW
<br />OFFICE ASSOCIATES IN THE AMOUNT OF $1SO,000. FOR IMPROVEMENTS TO PROPERTY LOCATED
<br />AT 521-23 MIDDLE STREET MALl.
<br />
<br /> WHEREAS, the Industrial Development Authority of the City of Portsmouth, Virgmnia (IDA)
<br />has been authorized by the Counail of the City of Portsmouth, Virginia to advertise and hold
<br />public hearings relative to the issuance of Industrial Development Revenue Bonds; and
<br />
<br /> WHEREAS, the IDA has considered the application of Mall Law Office Associates for the
<br />issuance of IDA's Industrial Development Revenue Bonds in an amount estimated at One Hundred
<br />Fifty Thousand ($150,000.) Dollars to assist in the financing of the acquisition, renovation
<br />and equipping of an office facility at 521-23 Middle Street Mall in Portsmouth, Virginia and
<br />has held a public hearing thereon on February iS, 1983; and
<br />
<br /> WHEREAS, the IDA has requested City Council to approve the issuance of the bonds to compl
<br />with the applicable federal and state law; and
<br />
<br /> WHEREAS, a copy of the IDA's resolution approving t~e issuance of the bonds, subject to
<br />the terms and conditions contained therein and the appropriate certifications by their legal
<br />coun~e~i have been provided to the City coUncil for thei~ consideration.
<br />
<br /> NOW, THEREFORE, BE IT RESOLVED that the Council of the City of Portsmouth, Virginia ap-
<br />prove the issuance of Industrial Development Revenue Bonds by the Portsmouth Industrial Develo
<br />ment Authority for Mall Law Office Associates in the amount of One Hundred Fifty Thousand
<br />($150,O00.) Dollars for improvements to property located at 521-23 Middle Street Mall.
<br />
<br /> BE IT FURTHER RESOLVED that the approval of the iss~
<br />applicable federal and state laws does not constitute an
<br />Viability of the facility or the credit worthiness of the
<br />1380 of the Code o£~Mirginia, 1950, as amended, the bonds
<br />Commonwealth of Virginia, the City of Portsmouth nor IDA
<br />the interest thereon or other costs incident thereto exce
<br />therefor, and neither the faith or credit of the taxing
<br />the IDA shall be pledged thereto.
<br />
<br />ance of the bonds as required by the
<br />endorsement of the bonds, financial
<br />company, but, as required by ~lS.1-
<br />shall provide that neither the
<br />shall be obligated to pay the bonds o
<br />pt from the revenues and monies pledg~
<br />3wer of the Commonwealth, the City no~
<br />
<br />This
<br />
<br />resolution shall take effect immediately upon its adoption."
<br />
<br /> Ayes: B~rnes, Gray, Holley, Webb, Whitlow, Johansen
<br /> Nays: None
<br />
<br />irs
<br />
<br />
<br />
|