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4 <br /> <br /> <br /> <br />ORDINANCE <br />f. : “AN ORDINANCE AMENDING AND REENACTING <br /> THE ZONING DISTRICT MAP INCORPORATED IN SECTION 34-1 OF THE <br /> ZONING ORDINANCE OF THE CODE OF THE CITY OF CHALOTTESVILLE, <br /> 1990, AS AMENDED, BY THE REZONING OF PROPERTY LOCATED AT 1000 <br /> AND 1002 GROVE STREET FROM R-1(S) (RESIDENTIAL) TO PUD, SUBJECT <br />nd <br /> TO PROFFERS” (2 reading) <br /> <br />ORDINANCE <br />g. : “AN ORDINANCE TO AMEND CHAPTER 34 OF THE <br /> CODE OF THE CITY OF CHARLOTTESVILLE (1990), AS AMENDED” <br /> (DEFINITION OF MIXED USE DEVELOPMENT) (carried over) <br /> <br />ORDINANCE <br />h. : “AN ORDINANCE TO AMEND CHAPTER 34 OF THE <br /> CODE OF THE CITY OF CHARLOTTESVILLE (1990) AS AMENDED” <br /> (ALLOWING RESTAURANTS IN M-1 ZONES) (carried over) <br /> <br />REPORT <br />: STRATEGIC PLAN UPDATE <br /> <br /> Mr. O’Connell explained that Council appointed a committee that was charged <br />with drafting the first Strategic Plan for the City. He said a community forum is <br />proposed to give the public another opportunity for input prior to finalizing the plan. <br /> <br /> Members of the Strategic Plan Committee presented draft vision statements in the <br />following areas: Thriving Economy; World Class Quality of Life; Multi-Model <br />Transportation; Excellence in Education; Diverse Affordable Housing; Regionalism; and <br />Funding Our Future Needs. <br /> <br /> Ms. Hamilton thanked the Committee for its work and for taking a regional <br />approach. <br /> <br /> Dr. Brown said he thinks a community forum would be a good idea, and <br />th <br />suggested October 24 from 5:00 to 7:00 p.m. <br /> <br /> Mr. Lynch said he appreciates the committee’s work, and feels it is important to <br />hear from a wider segment of the public. <br /> <br /> Dr. Brown thanked Mr. Lynch for serving as Council’s representative on the <br />committee. <br /> <br />PUBLIC HEARING/RESOLUTION <br />: AUTHORIZING ISSUANCE OF $15,500,000 <br />GENERAL OBLIGATION PUBLIC IMPROVEMENT BONDS <br /> <br /> Mr. Bernard Wray, Director of Finance, explained that the $15,500,000 bond <br />issuance is part of the financial plan for the 2006/2007 capital budget. He said staff will <br />meet with rating agencies next week and the sale is expected to take place around <br />November 1. He said he is assuming that the City will maintain its AAA bond rating. <br /> <br /> Responding to a question from Dr. Brown, Mr. Wray said that the City has <br />maintained its AAA bond rating primarily because of its low debt burden compared to <br />other cities. He said the 12% fund balance is another reason for the high bond rating. <br /> <br /> Responding to a question from Dr. Brown, Mr. O’Connell said that the first phase <br />will include detailed engineering work for replacing bricks on the mall as well as <br />undergrounding and lighting changes. <br /> <br /> Ms. Hamilton asked if repair of the aging infrastructure as was presented to <br />Council last year is addressed in this bond issue. <br /> <br /> <br />