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180 <br /> <br />OTHER BUSINESS <br /> <br /> Responding to a question from Ms. Slaughter about <br />parking available during construction of the Water Street <br />parking garage, Mr. O.'Connell explained that monthly parkers <br />were moved to the Omni parking garage thus freeing up the <br />surface lot on Water Street for daily parking only. <br /> <br /> Council scheduled their annual retreat for September 11 <br />and 12th. <br /> <br /> On motion by Ms. Daugherty, seconded by Rev. Edwards, <br />Council unanimously voted to meeting in executive session to <br />discuss a personnel matter and appointments to boards and <br />commissions as exempted by Section 2.1-344(a)(1) of the <br />Virginia Freedom of Information Act. <br /> <br /> Council reconvened in open session and, on motion by <br />Ms. Slaughter secOnded by Mr. Toscano, unanimously certified <br />that, to the best of each member's knowledge (i) only public <br />business matters lawfully exempted from open meeting <br />requirements by Virginia law were discussed in the executive <br />meeting to which this certification resolution applies, and <br />(ii) only such public business matters as were identified in <br />the motion convening the executive meeting were heard, <br />discussed or considered by the Council. <br /> <br /> ~~~was a~j ourned. <br />President C2 <br /> <br />:k <br /> <br />NOTICE OF SPECIAL MEETING <br /> <br />A SPECIAL MEETING OF THE COUNCIL WILL BE HELD ON Wednesday, <br />July 8, 1992 AT 12:00 noon IN THE Basement Conference Room. <br /> <br />THE PROPOSED AGENDA IS AS FOLLOWS: <br /> <br />Resolution: Authorizing Bond Refinancing <br /> <br />Luncheon meeting with School Board <br /> <br />BY ORDER OF THE MAYOR <br /> <br />BY Jeanne Cox (signed) <br /> <br />BASEMENT CONFERENCE ROOM - July 8, 1992 <br /> <br /> Council met in special session on this date with the <br />following members present: Ms. Daugherty, Rev. Edwards, Ms. <br />Slaughter, Mr. Toscano, Mr. Vandever. <br /> <br />ORDINANCE: AUTHORIZING BOND REFINANCING <br /> <br /> Ms. Rita Scott, Director of Finance, explained that <br />permission had been received from the State Council on Local <br />Debt to do advance refunding of some of the City's <br />outstanding bonds which she anticipated will save the City <br />approximately $264,000. Ms. Scott stated that seven bids had <br />been received with Merrill Lynch being the low bidder <br />recommended to be awarded the bid at 5.362% interest. <br /> <br /> On motion by Rev. Edwards, seconded by Mr. Toscano, the <br />ordinance entitled "AN ORDINANCE AUTHORIZING THE ISSUANCE OF <br />FOUR MILLION TWO HUNDRED NINETY THOUSAND DOLLARS ($4,290,000) <br />PRINCIPAL AMOUNT OF GENERAL OBLIGATION PUBLIC IMPROVEMENT <br />REFUNDING BONDS OF THE CITY OF CHARLOTTESVILLE, VIRGINIA, FOR <br />THE PURPOSE OF PROVIDING FUNDS TO REFUND IN ADVANCE OF THEIR <br />STATED MATURITIES $2,500,000 OUTSTANDING PRINCIPAL AMOUNT OF <br />THE CITY'S GENERAL OBLIGATION PUBLIC IMPROVEMENT BONDS, <br />SERIES 1985, DATED AUGUST 1, 1985 AND MATURING ON AUGUST 1 IN <br />EACH OF THE YEARS 1996 TO 2005, BOTH INCLUSIVE, AND <br /> <br /> <br />