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53 <br /> <br />NOTICE OF SPECIAL MEETING <br /> <br />A SPECIAL MEETING OF THE COUNCIL WILL BE HELD ON Wednesday, <br />June 14, 1989 IN THE Basement Conference Room. <br /> <br />THE PROPOSED AGENDA IS-AS FOLLOWS: ~ <br /> Luncheon meeting with School Board <br /> <br /> Appropriation: $48,500 - School Facilities Study <br /> <br /> Resolution: Approving application of School Board <br /> for Literary Fund loan <br /> <br />BY ORDER OF THE MAYOR <br /> <br />BY Jeanne Cox (signed) <br /> <br />BASEMENT CONFERENCE ROOM - June 14, 1989 <br /> <br /> Council met in special session on this date with the <br />following members present: Mr. Buck, Rev. Edwards, Mr. Towe, <br />Mr. Vandever, Ms. Waters. <br /> <br />RESOLUTION: <br /> <br />LOAN FUNDS <br /> <br />APPROVING APPLICATION OF SCHOOL BOARD FOR LITERARY <br /> <br />Mr. John Pezzoli, Chairman of the School Board, stated <br />that the City Schools have become eligible to apply for State <br />Literary Loan funds at an interest rate of 5% for asbestos <br />removal in the schools. ~. <br /> <br /> Ms. Rita Scott, Director of Finance, explained that each <br />resolution authorized up to $175,000i for asbestos removal at <br />Greenbrier and Buford Schools, and a third resolution had <br />been prepared which limited the'~total-loan for both schools <br />to $30:0,000. <br /> <br /> On motion by Rev. Edwards, seconded by Mr. Vandever, the <br />resolution approving Literary Loan funds for asbestos removal <br />at Greenbrier School was unanimously approved by Council. <br /> <br /> WHEREAS, the School Board for the City of <br />Charlottesville, on the 14th day of June, 1989, presented to <br />this Council an application addressed to the State Board of <br />Education of Virginia for the purpose of borrowing from the <br />Literary Fund $175,000 for improvements to Greenbrier <br />Elementary School, to be paid in twenty (20) annual <br />installments, and the interest thereon at five percent (5%) <br />paid annually; <br /> <br /> BE IT RESOLVED by the Council of the City of <br />Charlottesville that the application of the City School Board <br />to the State Board of Education of Virginia for a loan of <br />$175,000 from the Literary Fund is hereby approved, and <br />authority is hereby granted the City School Board to borrow <br />the said amount for the purpose set out in said application. <br /> <br /> BE IT FURTHER RESOLVED that the Council~of the City of <br />Charlottesville will each year during the life of this loan, <br />at-the time regu!ar levies are fixed, fix a rate of levy for <br />schools or make a cash appropriation sufficient for operation <br />expenses and to pay this loan in annual installments and the <br />interest thereon, as required by law regulating loans from <br />the LiterarY Fund. <br /> <br /> On motion by Rev. Edwards, seconded by Mr. Vandever, <br />the resolution approving Literary Loan funds for asbestos <br />removal at Buford School was unanimously approved by Council. <br /> <br /> WHEREAS, the School Board_for the City of <br />Charlottesville~ on the 14th day of June, 1989, presented to <br />this Council an application addressed to the State Board of <br />Education of Virginia for the purpose~of.borrowing frOm the <br />Literary Fund $175,000 for improvements to Buford Middle <br /> <br /> <br />