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1984-09-12
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1984-09-12
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City Council
Meeting Date
9/12/1984
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Minutes
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approved by the following <br /> <br />Mr. Barnes, Mr. Buck, Mrs. Gleason, <br /> <br />Dr. Hail. Noes: None. Absent: Dr. Gunter. <br /> <br /> BE iT RESOLVED BY' THE COUNCIL OF THE CITY OF CHARLOTTESVILLE, VIRGINIA, <br />that the resolution adopted by. the Council on September 4, 1984 entitled, <br />"A RESOLUTION MAKING CERTAIN FINDINGS CONCERNING THE PROPOSAL SUBMITTED <br />FOR THE PURCHASE OF A ONE MILLION FIVE HUNDRED THOUSAND DOLLARS ($1,S00,000) <br />PRINCIPAL AMOUNT GENERAL IMPROVEMENT BOND ANTICIPATION NOTE OF THE CITY OF <br />CHARLOTTESVILLE, VIRGINIA; ACCEPTING THE PROPOSAL TO PURCHASE SUCH NOTE; <br />FIXING THE ~TE OF INTEREST TO BE BORNE BY SUCH NOTE; AND APPROVING THE FORM- <br />OF SUCH NOTE" is hereby amended as follows: <br /> <br /> 1. The first sentence of Paragraph 4 of such resolution shall read in <br />its entirety as follows: <br /> <br /> "The no~e shall be dated as of September S, 1984; shall mature on <br />'September 4, t98S; shall be numbered R-l; and shall be issued as a single <br />full registered note in the denomination of $1,S00,000 and shall bear <br />interest at the rate of seven and five hundredths per centum (%.0S%) per <br />annum from its date (computed on the basis of a 360-day year of twelve 30- <br />day months), payable on March S, 198S and at maturity." <br /> <br /> 2. The first paragraph of the form of the Note.set forth in paragraph <br />S of such resolution shall read in its entirety as follows: - <br /> <br /> "The City of Charlottesville, a municipal corporation of the <br />Commonwealth of Virginia (the "City"), for value received, acknowledges <br />itself indebted and hereby promises to pay to National Bank & Trusk Company, <br />or registered assigns, on September 4, 1985 unless this note shall have been <br />duly called for redemption, the sum of One Million Five Hundred Thousand <br />Dollars ($1,500,000), upon presentation and surrender hereof together with <br />interest hereon from the date hereof (computed on the basis of a 360-day <br />year Of twelve 30-day months), at the rate of seven and five hundredths per <br />centum (?.0S%) per annum, payable on March S, 198S and at maturity." <br /> <br /> 3. The City Attorney of the City is directed to file a copy of this <br />resolution, certified by the Clerk of Council of the City to be a true and <br />correct.copy hereof, with the Clerk of the Circuit Court of the City. <br /> <br /> ' '~ 4. This Resolution shall <br /> meeting was adjourned. <br /> President <br /> <br />take effect upon i-ts passage. <br /> <br />NOTICE OF SPECIAL MEETING <br /> <br />A SPECIAL MEETING OF THE COUNCIL WILL BE HELD ON Wednesday, September 1.2, <br />1984 AT 8:00 p.m. IN THE City Manager's Office. <br /> <br />THE PROPOSED AGENDA IS .AS FOLLOWS: <br /> <br />Executive session to discuss personnel matters as exempted by Section 2.1-344 <br />(a)(1) of the Virginia Freedom of Information Act. <br /> <br />BY ORDER OF THE MAYOR <br /> <br />BY Jeanne Cox (signed) <br /> <br /> CITY MANAGER'S OFFICE - September 12, 1984 <br /> <br /> Council met in special session on this date with the following members <br />present: Mr. Barnes, Mr. Buc~ Mrs. Gleason, Dr. Gunter, Dr. Hall <br /> <br /> On motion by Mrs. Gleason, seconded by Mr. Barnes, Council unanimously <br />voted to meet in executive session to discuss personnel matters as exempted <br />by,Section 2.1-344(a)(1) of the Virginia Freedom of Information Act. <br /> meeting was adjourned. <br /> <br />President Cl~k <br /> <br /> NOTICE OF SPECIAL MEETING <br /> <br />A SPECIAL MEETING OF THE COUNCIL WILL BE HELD ON Monday, September 17 1984 <br />AT 7':00 p.m. IN THE Mayor's Office. ' <br /> <br />THE PROPOSED AGENDA"~IS AS FOLLOWS: <br /> <br />Executive session to discuss personnel matters as exempted by Section 2.1-344 <br />(a)(1) of the Virginia Freedom of Information Act. <br /> <br />BY ORDER OF THE MAYOR BY Jeanne Cox (signed) <br /> <br /> <br />
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