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4
<br />
<br />Expenditures - $23,940
<br />Fund: 211 Internal Order: 1900073 G/L Account: 520900
<br />
<br />BE IT FURTHER RESOLVED,
<br /> that this appropriation is conditioned upon
<br />receipt of $23,940 from the U.S. Department of Justice.
<br />
<br />APPROPRIATION
<br />d. : $5,000 – CRHA Resident Services Grant (carried over)
<br />
<br />APPROPRIATION
<br />e. : $225,000 – Weed and Seed Grant (carried over)
<br />
<br />RESOLUTION
<br />f. : Health Department Carryover Request for $16,126
<br />
<br /> WHEREAS,
<br />the Charlottesville-Albemarle Health Department accrued a budget
<br />surplus in Fiscal Year 2006, and the City’s share of such surplus is determined to be
<br />$16,126; and
<br />
<br />WHEREAS,
<br /> the Charlottesville-Albemarle Health Department has requested that
<br />this surplus be used to support the costs associated records retention and storage efforts.
<br />
<br />NOW, THEREFORE BE IT RESOLVED
<br /> by the Council of the City of
<br />Charlottesville, Virginia, that the Charlottesville-Albemarle Health Department is
<br />authorized to carry over the sum of $16,126 from Fiscal Year 2006 for the above-stated
<br />purpose.
<br />
<br />RESOLUTION
<br />g. : Authorizing $170,000,000 in Industrial Development
<br /> Bonds for U. Va.
<br />
<br />The Industrial Development Authority of the City of Charlottesville (the “Authority”),
<br />has considered the application of the University of Virginia Foundation (the
<br />“Foundation”), whose principal business address is 465 Crestwood Drive, Charlottesville,
<br />Virginia 22903, requesting the issuance of the Authority's revenue bonds in a principal
<br />amount not to exceed $170,000,000 (the “Bonds”). The proceeds of the Bonds will be
<br />used to assist the Foundation in (a) financing the cost of (i) the acquisition, construction
<br />and equipping of the Advanced Research Technology building (the “ART Building”)
<br />located at 550 Ray C. Hunt Drive in the Fontaine Research Park in Albemarle County,
<br />Virginia (the “County”), (ii) the acquisition and construction of the West Main Street
<br />th
<br />parking garage fronting on 11 Street, S.W., in the City of Charlottesville (the “City”)
<br />th
<br />located one-half block southwest of the intersection of West Main Street and 11 Street,
<br />S.W. and to be used in part by tenants of a future office building to be built adjacent
<br />thereto, (iii) the construction of the West Main Street connector, an above-ground
<br />th
<br />walkway which connects the parking garage fronting on 11 Street with the University of
<br />Virginia Hospital in the City, (iv) the acquisition, construction and equipping of the Life
<br />Sciences Annex attached to the ART Building and to be used for laboratory space located
<br />at 550 Ray C. Hunt Drive in the Fontaine Research Park in the County, and (v) the
<br />construction of a road in the University of Virginia Research Park off of Airport Road,
<br />which is located on the west side of U.S. Route 29 approximately 6 miles north of the
<br />City limits of the City in the County, and (b) refinancing the cost of (i) the acquisition,
<br />construction and equipping of the Dynamics Building used by the University of Virginia
<br />for office space and located at 2015 Ivy Road in the City, (ii) the acquisition, construction
<br />and equipping of the Blake Center Building used by the University of Virginia for office
<br />space and located at 1224 Jefferson Park Avenue in the City, (iii) the acquisition,
<br />construction and equipping of a building used by the University of Virginia for office
<br />space and other purposes located at 400 Ray C. Hunt Drive in the County, (iv) certain
<br />land located in the University of Virginia Research Park and possibly other locations and
<br />(v) the acquisition, construction and equipping of buildings used primarily for the
<br />housing of students attending the University of Virginia that are located at (1) 2021 Ivy
<br />Road, (2) 600 Brandon Avenue and (3) 411, 413-415 and 417-419 Brandon Avenue
<br />consisting of 48 units, 44 units and 47 units, respectively, all in the City (all of the
<br />foregoing in clause (a) and in clause (b) being collectively referred to herein as the
<br />“Projects”). The proceeds of the Bonds will also be used to finance certain costs of the
<br />issuance of the Bonds.
<br />
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