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449 <br />WELFARE REPORT <br />PRESENTED <br />CITY MANAGER S REPORT <br />RE: ANNEXATION <br />RECOMMENDING THAT RIGID CONDUIT OR ELECTRIC METALLIC TUBING BE REQUIRED IN <br />COMMERCIAL ANO PUBLIC BUILDINGS. THE MAYOR STATED THAT HE WOULD APPOINT A <br />COMMITTEE IN THE NEAR FUTURE TO STUDY THIS MATTER. <br />THE WELFARE REPORT FOR THE MONTH OF OCTOBER, 1960 WAS PRESENTED AND ORDERED <br />FILED WITH THE MINUTES OF THIS MEETING. <br />ON MOTION THE MEETING ADJOURNED. <br />~ ~~:., ' . <br />CLERK ! <br />PURSUANT TO THE FOLLOWING CALL: <br />MR. BERNARD J. HAGGERTY <br />MR. R. E. LEE <br />MR. LINDSAY MOUNT <br />MR. T. J. MICHIE <br />MR. L. L. SCRIBNER <br />TAKE NOTICE <br />.~--~ <br />PRESIDE <br />COUNCIL CHAMBER -NOVEMBER 30, 1960 <br />A SPECIAL MEETING OF THE COUNCIL WILL BE HELD THIS AFTERNOON <br />THE 3OTH INST. AT 2:00 P. M. O~CLOCK. <br />1. PUBLIC HEARING RE: ANNEXATION. <br />BY ORDER OF <br />J. S. RUSH, JR. (SIGNED <br />CLERK <br />L. L. SCRIBNER ~SIGNED~ <br />PRESIDENT <br />A SPECIAL MEETING OF THE COUNCIL WAS HELD ON THIS DATE WITH THE FOLLOWING <br />MEMBERS PRESENT: MR. HAGGERTY, MR. LEE, MR. MOUNT, MR. MICHIE AND MR. SCRIBNER. <br />ABSENT: NONE. <br />A PUBLIC HEARING WAS HELD ON THIS DATE AT 2:00 P. M. TO DISCUSS AND CONSIDER <br />THE TERMS OF ANNEXATION. <br />THE FOLLOWING REPORT WAS PRESENTED BY THE CITY MANAGER: <br />TO THE MEMBERS OF THE COUNCIL <br />CITY OF CHARLOTTESVILLE, VIRGINIA. <br />GENTLEMEN: <br />NOVEMBER 16, 1960 <br />I AM LISTING BELOW THE AMOUNTS WHICH THE CITY WILL BE REQUIRED TO EXPEND, <br />IN ADDITION TO REGULAR OPERATING EXPENSES, IF THE RECENT ANNEXATION DECREE IS <br />APPROVED BY YOU. <br />NET TAX LOSS, DEBT do IMPRO <br />AMOUNT OF NET TAX LOSS <br />PAYABLE: $100,000.00 ON JANUARY <br />75,000.00 ON JANUARY <br />50,000.00 ON JANUARY <br />25,000.00 ON JANUARY <br />VEMENTS: <br />$250,000.00 <br />1, 1962 <br />1, 1963 <br />1, 1964 <br />1, 1965 <br />2. PORTION OF ALBEMARLE COUNTY DEBT $273,973.00 <br />PAYABLE: YEARLY DYER THE LIFE OF THE BONDS. <br />SCHOOL BONDS 1950 SERIES $45,662.00 PR. YR. $4,566.23 <br />SCHOOL BONDS 1960 SERIES 127,854.00 PR. YR. 6,392.72 <br />LITERARY LOAN 1950 $100,457.00 PR. YR. 4,566.23 <br />TOTAL PAYMENTS PER YEAR $15,525.18 <br />PLUS INTEREST 1ST YEAR DECREASES EACH YR.~ 7,041.11 <br />TOTAL DEBT CHARGES 1ST YEAR $22,566.29 <br />3. WOOLEN MILL SANITARY SEWER <br />PAYABLE JANUARY 1, 1961 <br />REQUIRED IMPROVEMENTS: <br />4. NEW ELEMENTARY SCHOOL <br />PAYABLE AS SCHOOL IS CONSTRUCTED. WE <br />ADVISED THE COURT THAT THE BUILDING <br />WOUlO BE COMPLETED AND READY FOR USE <br />15,600.00 <br />$250,000.00 <br />