1983-10-17 - Laserfiche WebLink

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streets leading to the downtown mall. Dr. Gunter said Police chief Bowen reported that the City had had 530 handicapped parking violations in the period from July through October of this year. Dr. Gunter stated that she was hoping that. the public would be more responsiwe to the handicapped parking zones if the matter was brought to their attention. Dr. Hall moved to go into Executive Session at 4:30 p.m. on Tuesday, October 18th to discuss pending litigation as exempted by Section 2.1-344(a)(6) of the Virginia Freedom of Information Act. unanimously agreed by Council. The meeting was adjourned. Cle~ - - ~ Dr. Gunter seconded the motion and it was President NOTICE OF SPECIAL MEETING A SPECIAL MEETING OF THE COUNCIL WILL BE HELD ON Monday, October 24 1983AT 7:30 p.m. IN THE Council Chambers. ' THE PROPOSBD AGENDA IS AS FOLLOWS-: t. Public Hearing: 2. 3~ Vinegar Hill Hotel Conference Center Project Consideration of AN ORDINANCE AUTHORIZING THE ISSUANCE OF $9,50'0,000 GENERAL OBLIGATION BONDS AND $9,500,000 GENERAL OBLIGATION BOND ANTICIPATION NOTES OF THE CITY. OF CHARLOTTESVILLE Appropriation Of $9,500,000 to Charlottesville Redevelopment and Housing Authority for completion of Vinegar Hill Urban Renewal Project BY ORDER OF THE MAYOR BY Jeanne Cox (signed) Clerk COHNCIL CHAMBERS October'24, 1983 Council met in special session this date jointly with the Charlottesville Redevelopment-and Housing Authority with the following members present: Mr. Buck, Dr. Gunter, Dr. Hall. Absent: Mr. Conoyer and Mrs. Gleason. Mr. Cole Hendrix, city Manager and Executive Director of the Authority, -briefly explained the history, of the Vinegar Hill Project. The land was acquired and cleared, bY the Redevelopment and HoUsing Authority in the early 1960's. In June of 1978, an economic symposium sponsored by the Authority and the City explored uses fc hearings on the money to assist Citizens at thai tax increase to In December of increased transient lodging tax. Portions of the revenues from these taxes were projected tO be used to repay the bonds to be sold to fund the loan to be made by the Authority to the project developers. City Council approved these taxes effective January 1~ 1983. r the Vinegar Hill site. In July of '1978, following public suggestion o'f a conference center/hOtel and the use of public in obtaining such a facility, Council endorsed the idea. hearing endorsed the concept but generally opposed a property fund the Authority's participation in a hotel-conference center. 982, Council held a public hearing on a proposed meals tax and Mr. Hendrix explained that the proposed project would include a 209 room h~tel, a 19,000 square foot conference center, a 2S,000 square foot General Electric Training Center, and extension of the pedestrian mall. The Charlottes- ville Redevelopment and Housing Aut.hority would 10an $9.5 million to the owners of the project,Which would all be privately o~ned and subject to taxes. In addition to the ~irect repayment of the l°an to the Authority, it is estimated that $16 million in taxes to the Ci.-ty would be generated by the project during the first 20 years of its operation, according ,to Mr. Hendrix. Mr. Buck noted that Mr. Conover was absent because he is ab§taining from consideration of the project due to a conflict of interest and that Mrs. Gleason