1984-07-23 - Laserfiche WebLink

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399 public hearing and the Fiscal Impact Statement required by Paragraph 2 of Chapter S14 of the Acts of the General Assembly ~of Virginia of 1983 have been filed with the City Council; BE IT RESOLVED BY THE COUNCIL OF THE CITY OF CHARLOTTESVILLE, VIRGINIA: 1. The City Council approves the proposed issuance ~of the Bonds by the Authority for the benefit of the Partnership, to the extent required by the federal law referred to above, to permit the Authority to assist in the financing of the Facility. 2. The foregoing approval of the proposed issuance of the Bonds does not constitute an endorsement of the Bonds, the financial viability of the Facility or the creditworthiness of the Partnership. The Bonds shall orovide that neither the Commonwealth of Virginia, the City nor the Authority shall be obligated to pay the Bonds or the interest thereon or other costs incident thereto except from the revenues and moneys pledged therefor and neither the faith and credit nor the taxing-power of the Commonwealth, the City or the Authority shall be pledged thereto. 3. This Resolution shall take effect immediately upon its adoption. Mr.'George Ray, Economic Development Coordinator, reported on the status of industrial development bonds. Mr. Ray stated that the Governor has. made no-decision on th~ allocation system, but expected that localities would be allocated a minimum of S0% of the per capita allowance. Mr. Ray added that it was projected that student loan bonds would remain unissued and would be returned to the localities. Mr. Ray stated that most localities were dealing with issuing bonds on a first, come, first served~basis until a final decision on the allocation system is made. Mr. Wiley, City Attorney, recommended approving only those projects which were felt to be viable and considering whether the projects might be built with conventional financing. Council agreed to consider the pending bond issues at' the next appropriate meeting. The meeting was adjourned. President COUNCIL CHAMBER August 6, 1984 MINUTES Council met in regular session on this date with the following members present: Mr. Barnes, Mrs. Gleason, On motion by Dr. Hall, seconded unanimously approved as corrected. On motion by Dr. Gunter, second were unanimously approved as present )r. Gunter, Dr. Hall. Absent: Mr. Buck. by Dr. Gunter, the minutes of July 16 were d by Mr. Barnes, the minutes of July 19 ~d. On motiOn by Dr. Gunter, second~ were unanimously approved as present~ PUBLIC There were no matters by the PUBLIC HEARING: Mr. Huja, Director of Community ORDINANCE RE- ZONING PROPER- for the Planning Commission's recomme TY ON NORTH SIDE OF Monticello Avenue: 1) It is in harm( MONTICELLO AVENUE BETWEEN Plan, 2) It would not have a signifi( GLEASON ST. & RIDGE ST FROM properties, 3) It would permit the ze B-2TOM-1 (2nd reading) property boundary. As there were no speakers the pt The ordinance entitled "AN ORDI~ MAP INCORPORATED IN SECTION 31~4 OF OF CHARLOTTESVILLE, 1976, BY THE REZ ~d by Mr. Barnes, the minutes of July 23 Id. ,lic. Development, presented the following reasons m'dation for rezoning of the property on ,ny with the Land Use Plan of the Comprehensive :antly adverse impact on the surrounding ming district boundary (M-l) to follow the lblic hearing was closed. ~NCE AMENDING AND REENACTING THE DISTRICT 'HE ZONING ORDINANCE OF THE CODE OF THE CITY ~NING OF PROPERTY LOCATED AT THE NORTH SIDE