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133
<br />
<br />July 27, 1982
<br />
<br /> WHEREAS, in accordance with and under the authority of paragraph ~ of the Authorizing
<br />Resolution, the Director of Finance has sold $7,700,000 principal amount of the Notes for
<br />the purpose of providing funds to pay the cost of the following projects described in
<br />paragrap~ 3 of the Authorizing Resolution, the amount of Notes sold for each project being
<br />set forth below:
<br />
<br />Principal Original ~ssuance
<br />Amount Purpose Date Interest
<br />
<br />$400,000 Urban Renewal 8-22-80 6.20%
<br />
<br />$500,000 Urban Renewal $303,000 8-22-80 6.10%
<br /> Urban Transportation $197,000
<br />
<br />$400,000 Urban Renewal $262,573 12-15-80 10.25%
<br /> Urban Transportation $25,000
<br /> Drainage, Curbs, Gutters and
<br /> Street Improvements $112,427
<br />
<br />$400,000 Urban Transportation $273,000 12-22-80 10.80%
<br /> Drainage, Curbs, Gutters and
<br /> Street Improvements $34,573
<br /> Community Services $92,427
<br />
<br />$350,000 Education $269,227 12-29-80 8.75%
<br /> Community Services $80,773
<br />
<br />$400,000 Education $151,843 2-24-81 9.00%
<br /> Community Services $248,157
<br />
<br />$400,000 Community Services $400,000 3-24-81 7.80%
<br />
<br />$550,000 Community Services $188,543 4-21-81 8.00%
<br /> Urban Renewal $361,457
<br />
<br />$500,000
<br />$250 000
<br />$500 000
<br />$300 000
<br />$300 000
<br />$700 000
<br />$250 000
<br />$500 000
<br />$1,000,000
<br />
<br />Crawford Harbor
<br />
<br />Crawford Harbor
<br />
<br />Crawford Harbor
<br />
<br />Crawford Harbor
<br />
<br />Crawford Harbor
<br />
<br />Crawford Harbor
<br />
<br />Crawford Harbor
<br />
<br />Crawford Harbor
<br />
<br />Parks and Recreation $30,000
<br />Crawford Harbor, $960,000
<br />Drainage, Curbs, Gutters and
<br /> Street Improvements $10,000
<br />
<br />8-4-81 9.90%
<br />8-11-81 9.50%
<br />8-14-81 10.00%
<br />8-25-81 10.50%
<br />8-25-81 10.40%
<br />11-3-81 8.63%
<br />3-30-82 8.98~
<br />5-11-82 8.21%
<br />5-11-82 8.27%
<br />
<br /> WHEREAS, in accordance with Section 11-17 of the Code of the 'City, the City Manager
<br />and the Director of Finance executed and delivered the certificate required by such section
<br />to the City Treasurer, and the City Treasurer and the City Clerk, in accordance with the
<br />instructions set forth in such certificate, issued and delivered $7,700,000 aggregate
<br />principal amount of the Notes, a photocopy of the Notes in such principal amount being
<br />attached hereto in Exhibit A, and details of the Notes being shown in Exhibit B, attached
<br />hereto; and
<br />
<br /> WHEREAS, the Council of the City desires to approve, ratify and confirm the action of
<br />the City Clerk, the City Manager, the City Treasurer, and the Director of Finance in issuing,
<br />selling executing and delivering such Notes and the form and details thereof, all in accordance
<br />with paragraph ~ of the Authorizing Resolution; and
<br />
<br /> ~VHEREAS, the Council of the City of Portsmouth,~Virginia (the "City"), on July 14,
<br />1981 adopted a resolution entitled "A RESOLUTION AUTHORIZING THE ISSUANCE OF $5,281,814 OF
<br />GENERAl OBLIGATION BONDS OF THE CITY O~ PORTSMOUTH, VIRGINIA, FOR THE PURPOSE OF PROVIDING
<br />FUNDS TO PAY THE COST OF VARIOUS IMPROVEMENT PROJECTS OF SUCH CITY AND AUTHORIZING AND
<br />PROVIDING WITH RESPECT TO THE ISSUANCE AND SALE OF A LIKF PRINCIPAl AMOUNT OF GENERAL
<br />OBLIGATION BOND ANTICIPATION NOTES IN ANTICIPATION OF THE ISSUANCE AND RECEIPT OF THE
<br />PROCEEDS OF SALE OF SUCH BONDS" (the "July 14, 1981 Authorizing Resolution"); and
<br />
<br /> WHEREAS, pursuant to and in accordance with paragraph S of the July 14, 1981 Authorizing
<br />Resolution, the City Attorney filed a copy of the Authorizing Resolution, certified by the
<br />City Clerk to be a true copy thereof, with the Circuit Court of the City, and such City
<br />Clerk published within ten (10) days of the date of such filing a notice with respect
<br />thereto in The Virginian Pilot in substantially the form set forth in paragraph 5 of the
<br />July 14, 1981 Authorizing Resolution; and
<br />
<br />
<br />
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