1984-01-17 - Laserfiche WebLink

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322 and for the City, under and pursuant to and in full compliance with the Constitution and statutes of the Commonwealth of Virginia, includin.g Chapter 5 of Title 15.1 of the Code of Virginia, 1950, as amended (the same being the Public Finance Act), the Charter of the C'ity, as amended, and an ordinance and proceedings of the Council of the City dUly adopted and taken under such Chapter 5. It is certified, recited and declared that all acts, conditions and things required to exist, happen or be performed.precedent to and-in the issuance af this note do exist, have happened and have been performed in due time, form and manner as required by law, and that the amount of this note, together with all o.ther indebtedness of the City, does'not exceed any limitation of indebtedness prescribed by the Constitution or statutes of the Commonwealth of Virginia or the Charter of the City. The full faith and credit of the City are irrevocably pledged to the punctual payment of the principal of and interest on this note as the same become due. IN WITNESS WHEREOF, the City has caused this note to be executed by the manual signatures of its Mayor and City Treasurer; the corporate seal of the~City to be affixed hereto, attested by the manual signature of the Clerk of Council of the City; and this~no'te to be dated as of February 1, 1984. Attest: (signed) Mayor (signed) (SEAL) (signed) Clerk of Council City Treasurer ASSIGNMENT For value received, the undersigned herbby sells, assigns and transfers unto PUBLIC OTHER BUSINESS Yhe within note of the City of Charlottesville, Virginia, and hereby irrevocably c~nstitutes and appoints attorney to transfer such note on the records kept for registration thereof, with full power of'substitution in the premises. Dated: Signature Guarantee: Witness: · 6. The Note shall, as soon as practicable, be prepared, executed and delivered at the expense of the City to the Purchaser in accordance with the provisions of the Bond Ordinance and this resolution and upon payment of the balance of the purchase price for the Note. 7. The proceeds of the Note, together with any earnings derived fromm'the investment of such proceeds, shall be applied on April 17, 1984 to the payment of the principal of and interest on the City's $3,000,000 principal amount of General Improvement Bond Anticipation Notes, dated April 21, 1982, which mature and become due and payable on such date. 8. The City Attorney of the City is directed to file a copy of this r.esolution, certified by the Clerk of Council of the City to be a true and correct copy hereof, with the C'lerk'of the Circuit Court of the City. 9. This resolution shall take effect upon its passage. There were no matters by the public. Mr. Hendrix requested Council's approval to proceed with the steps necessary for the purchase of the Bicentennial Center. Mr. Hendrix stated that the purchase would be contingent on: 1) borrowing the money locally, using the lease as collateral, 2) the purchase price being agreeable, and 3) an agreement being reached.with the Thomas Jefferson Memorial Foundation and Albemarle County. Mr. Hendrix explained that he would ask Delegate Mitchell Van Yahres to introduce the necessary bill and would bring the matter back to Council for final approval before the purchase took place. Mrs. Gleason moved, Dr. Hall seconded, and Council unanimously approved the request to proceed with the steps necessary for the purchase of the Bicentennial Center. Mr. Hendrix explained that the County had requested that a county volunteer firefighter be allowed to serve on the Management Board for