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314.
<br />
<br />J~ly 14, 1981
<br />
<br /> WHEREAS, pursuant to and in accordance with paragraph 5 of the Authorizing Resolution,
<br />the City A~torney filed a copy of the Authorizing Resolution, certified by the City Clerk
<br />to be a true copy thereof, with the Circuit Court of the City, and such City Clerk published
<br />within ten (10) days of the date of such filing a notice with respect thereto in The Virginia~
<br />Pilot in substantially the form set forth in paragraph 5 of the Authorizing Resolution; and
<br /> WHEREAS, paragraph 4 of the Authorizing Resolution authorizes the issuance and sale
<br />of g10,754,837 aggregate principal amount of general obligation bond anticipation notes of
<br />the City (the "Notes") in anticipation of the issuance of general obligation bonds authorized
<br />to be issued under the Authorizing Resolution and the receipt of the proceeds thereof, pro-
<br />vided ~he pr6ceeds of the Notes are applied to the same purposes and in the same respective
<br />amounts as are specified in paragraph 3 of the Authorizing Resolution with respect to the
<br />application of the proceeds of such bonds; and
<br />
<br /> WHEREAS, in accordance with and under the authority of paragraph 4 of the Authorizing
<br /> Resolution, the Director of Finance has~ sold $3,400,000 principal amount of the Notes for
<br /> the cost of the following projects described in para-
<br /> the amount of Notes sold for each project being set
<br />
<br />the purpose.of providing funds to pay
<br />graph 3 of the Authorizing Resolution,
<br />forth below:
<br />
<br />Principal Original Issuance Renewal Issuance
<br />
<br />Amount Purpose Date Interest Date Interest
<br />
<br />$400,000 Urban Renewal
<br />
<br />8-22-80 6.20%
<br />
<br />12-18-80 10.90%
<br />4-17-81 .98~
<br />
<br />$500,000
<br />
<br />Urban Renewal
<br /> $303,000 8-22-80 6.10%
<br />
<br />Urban Transportation
<br />$197, 00
<br />
<br />12-18-80 10.25%
<br />
<br /> 4-17-81 7.79%
<br />
<br />$400,000 Urban Renewal
<br /> $262,573 12-15-80 10.25% 4-17-81 7.84%
<br />
<br />Urban Transportation
<br />,25,000
<br />
<br />Drainage, Curbs,
<br /> Gutters and Street
<br /> Improvements
<br /> ~112.427
<br />
<br />£400,000 Urban Transportation
<br />$273,000 12-22-80 10.80% 4-17-81 8.00%
<br />
<br />Drainage, Curbs,
<br /> Gutters and Street
<br /> Improvements
<br /> $34,573
<br />
<br />Community Services
<br />$92,427
<br />
<br />$350,000 Education
<br />$269,227 12-29-80 8.752 3-2-81 9.15%
<br />
<br />Community Services
<br />$80,773
<br />
<br />6-24-81 9.77%
<br />
<br />$400,000 Educatxon
<br />$151,843 2-24-81 9.00% 6-24-81 9.-7%
<br />
<br />Community Services
<br />$248,157
<br />
<br />$400,000 Community Services
<br /> $400,000
<br />
<br />3-24-81 .80%
<br />
<br />£550,000 Community Services
<br /> $188,543 4-21-81 8.00%
<br />
<br /> Urban Renewal
<br /> $561,457
<br />
<br /> WHEREAS, in accordance with Section i1-17 of the Ccde 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, ~n accordance with the
<br />instructions set forth in such certificate, issued and deiivered $3,400,000 principal amount
<br />of the Notes, a Fhotocopy of the Notes in such principal amount being attached hereto as
<br />Exhibit A; and
<br />
<br />
<br />
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