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267 <br /> <br /> >n for computer networks and will create tremendous possibilities for <br />of information. <br /> <br />who do <br /> <br />O'Connell stated that the computers at the library will <br />have access to computers at work or home. <br /> <br /> On <br />a grant for devel, <br />Council. <br /> <br />by Rev. Edwards, seconded by Ms. Slau <br /> of the information superhighway <br /> <br />resolution approving <br />sly approved by <br /> <br /> Ms. Slaughter <br />Parkway ends this week. <br /> <br />that the public <br /> <br />period for the Meadowcreek <br /> <br /> Mr. Vandever announced <br />review of the City's <br /> <br />of neighborhood meetings regarding <br /> <br /> Mr. Vandever p~aimed Small Business Week. <br /> Ms. 80 to 100 business"~d community leaders attended the <br />Economic and the ideas generated ha"ve,.been referred back to the <br />Economic Task Force. ~ <br /> meeting <br /> was <br /> adjourned <br /> <br />I~f'esident Clerk <br /> NOTICE OF SPECIAL MEETING <br /> <br />A SPECIAL MEETING OF THE CITY COUNCIL WILL BE HELD ON Wednesday, <br />May 11, 1994 AT 12:00 noon IN THE Venable Elementary School. <br /> <br />THE PROPOSED AGENDA IS AS FOLLOWS: <br /> <br />RESOLUTION: Approving sale of $5 million public improvement bonds <br /> <br />Luncheon meeting with School Board <br /> <br />BY ORDER OF THE MAYOR <br /> <br />BY Jeam~e Cox (signed) <br /> <br />May t 1, 1994 - Venable Elementary School <br /> <br /> Council met in special session on this date with the folloMng members present: <br />Ms. Daugherty, Rev. Edwards, Ms. Slaughter, Mr. Toscano, Mr. Vandever. <br /> <br />RESOLUTION: APPROVING SALE OF $5 MILLION PUBLIC IMPROVEMENT <br />BONDS <br /> <br /> Ms. Rita Scott, Director of Finance, stated that 8 bids had been received and First <br />Union Capital Corporation was the low bidder and it was recommended that First Union's <br />proposal be accepted. Ms. Scott noted that the City's AAA bond rating had been <br />reconfirmed. <br /> <br /> On motion by Rev. Edwards, seconded by Ms. Scott, "A RESOLUTION <br />MAKING CERTAIN FINDINGS CONCERNING THE BIDS SUBMITTED FOR THE <br />PURCHASE OF GENERAL OBLIGATION PUBLIC IMPROVEMENT BONDS, <br />SERIES 1994, OF THE CITY OF CHARLOTTESVILLE, VIRGINIA; ACCEPTING A <br />PROPOSAL TO PURCHASE SUCH BONDS; DESIGNATING SUCH BONDS AS <br />"QUALIFIED TAX-EXEMPT OBLIGATIONS" FOR PURPOSES OF SECTION 265 <br />OF THE INTERNAL REVENUE CODE OF 1986; FIXING THE RATES OF <br />INTEREST TO BE BORNE BY AND CERTAIN OTHER DETAILS OF SUCH <br /> <br /> <br />