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3
<br />Fund: 424 Project: SH-001 G/L Account: 432085
<br />
<br />Expenditures - $91,867
<br />Fund: 424 Project: SH-001 G/L Account: 599999
<br />
<br />APPROPRIATION
<br />c. : $32,361.84 – Insurance Remittances for Facilities
<br />nd
<br /> Maintenance (2 reading)
<br />
<br />
<br />WHEREAS
<br />, the City of Charlottesville has received several insurance remittance
<br />payments, totaling $32,361.84, for damages caused by vehicle accidents, water, and
<br />vandalism to various city buildings.
<br />
<br />NOW, THEREFORE, BE IT RESOLVED
<br />by the Council of the City of
<br />Charlottesville, Virginia that the sum of $32,361.84, received as insurance reimbursement
<br />payments, is appropriated into the Facilities Repair Fund in the following manner:
<br />
<br />Revenue - $32,361.84
<br />Fund: 107 Project: FR-001 G/L Account: 451110
<br />
<br />
<br />Expenditures - $32,361.84
<br />Fund: 107 Project: FR-001 G/L Account: 599999
<br />
<br />APPROPRIATION
<br />d. : $119,490 – Social Services Grant for Promoting Safe and
<br /> Stable Families (carried over)
<br />
<br />RESOLUTION
<br />e. : Authorizing Refinancing of Industrial Development Bonds
<br /> for Martha Jefferson Hospital
<br />
<br />WHEREAS
<br />, the Industrial Development Authority of Albemarle County,
<br />Virginia (the "Authority") has been requested by Martha Jefferson Hospital and MJH
<br />Foundation, both nonprofit Virginia non-stock corporations (collectively, "Martha
<br />Jefferson Health Services ") to approve the issuance of revenue bonds in an amount not
<br />to exceed $60,000,000 (the "Bonds") to assist Martha Jefferson Health Services in (a)
<br />refinancing all or a portion of the Authority's $50,000,000 Hospital Revenue Bonds,
<br />Series 2002 issued on October 31, 2002 to finance or refinance (1) the acquisition,
<br />construction and equipping of a three-story healthcare and medical office facility,
<br />including without limitation a diagnostic imagine center, an urgent care center, an
<br />outpatient surgery center, a women's health center and a prenatal diagnostic center,
<br />located at Peter Jefferson Place business office park in Albemarle County, Virginia, (2)
<br />the acquisition of approximately 84 acres of land located at Peter Jefferson Place business
<br />office park, and (3) the acquisition, renovation, construction or equipping of capital
<br />expenditures at Martha Jefferson Health Services' healthcare facilities in the City of
<br />Charlottesville, Virginia and Albemarle County, Virginia, including without limitation
<br />the costs of routine capital expenditures, a MRI scanner, accounting systems,
<br />angiography equipment and renovation, and a linear accelerator, (b) financing additional
<br />capital improvements, and (c) financing a debt service reserve fund and costs of issuance
<br />for the bonds (collectively, the "Project"), and has held a public hearing on April 10,
<br />2007;
<br />WHEREAS
<br />, Section 147(f) of the Internal Revenue Code of 1986, as amended
<br />(the "Code"), provides that the governmental unit having jurisdiction over the area in
<br />which any facility financed with the proceeds of private activity bonds is located must
<br />approve the issuance of the bonds;
<br />WHEREAS
<br />, a portion of the Project is located in the City of Charlottesville,
<br />Virginia (the "City") and the City Council of the City of Charlottesville, Virginia
<br />("Council") constitutes the highest elected governmental unit of the City;
<br />WHEREAS
<br />, in accordance with Section 147(f) of the Code, the public hearing
<br />held by the Authority was within 100 miles of the City;
<br />
<br />
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