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399 public hearing and the Fiscal Impact Statement required by Paragraph 2 of Chapter 514 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 pledge'd 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 the allocation system, but expected allocated a minimum of 50% of the per capita allowa it was projected that student loan bonds would rema returned to the localities. Mr. Ray stated that mo with issuing bonds on a first come, first served ba on the allocation system is made. Mr. Wiley, City Attorney~ recommended approvin were felt to be viable and considering whether the conventional financing. Council agree, d to consider the pending bond i~ meeting. ~ The meeting was adjourned. Cl~r~ President COUNCIL CHAMBER - August 6, 1984 Council met in regular session on this date wi present: Mr. Barnes', Mrs. Gleason, Dr. Gunter, Dr. MINUTES On motion by Dr. Hall, seconded by Dr. Gunter, unanimously approved as corrected. On motion by Dr. Gunter, seconded by Mr. Barne were unanimously approved as presented. On motion by Dr. Gunter, seconded by Mr. Barne were unanimously approved as presented. PUBLIC There were no matters by the public. PUBLIC HEARING: Mr. Huja, Director of Community Development, p ORDINANCE RE- ZONING PROPER-'for the Planning Commission's recommendation for re TY ON NORTH SIDE OF Monticello Avenue: 1) It is in harmony with the La: MONTI CELLO AVENUE BETWEEN Plan, 2) It would not have a significantly adverse GLEASON ST. & RIDGE ST FROM properties, 3) It would permit the zoning district B-2 TO M-I (2nd reading) property boundary. As there were no speakers the public hearing w The ordinance entitled "AN ORDINANCE AMENDING MAP INCORPORATED IN SECTION 31-4 OF THE ZONING ORDI OF CHARLOTTESVILLE, 1976, BY THE REZONING OF PROPER' that localities would be ~ce. Mr. Ray added that in unissued and would be t localities were dealing is until a final decision g only those projects which projects might be built with ;ues at the next appropriate th the following memb'ers Hall. Absent': Mr. Buck. the minutes of July 16 were ;, the minutes of July 19 , the minutes of July 23 cesented the following reasons zoning of the property on id Use Plan of the Comprehensive impact on the surrounding ~oundarv (M-I) to.follow the s closed. tND REENACTING THB DISTRICT fANCB OF THE CODE OF THB CITY FY LOCATED AT THE NORTH SIDE