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.162
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<br /> The ordinance entitled "AN ORDINANCE AMENDING AND
<br />REORDAINING SECTIONS 31-56, 31-57, 31-60, 31-61, 31-153, AND
<br />31-156 OF THE CODE OF THE CITY OF CHARLOTTESVILLE, 1990, AS
<br />AMENDED, RELATING TO UTILITY RATES, DEPOSITS AND FEES," which
<br />was offered at the June 1st meeting, was approved by the
<br />following vote. Ayes: Ms. Slaughter, Mr. Toscano, Mr.
<br />Vandever, Ms. Waters. Noes: Rev. Edwards.
<br />
<br />ORDINANCE: CABLE FRANCHISE~(.2nd reading)
<br />
<br /> Mr. Goul~man stated that the ordinance presented
<br />includes housekeeping amendments as well as those made by
<br />Council at the previous meeting.
<br />
<br /> On motion by Ms. Waters, seconded by Mr. Toscano, the
<br />ordinance was unanimously amended to reflect changes made
<br />previously.
<br />
<br /> The ordinance granting a cable franchise to Adelphia
<br />Cable, which was offered at the June 1st meeting, was
<br />approved, as amended, by the following vote. Ayes: Rev.
<br />Edwards, Ms. Slaughter, Mr. Toscano, Mr. Vandever, Ms.
<br />Waters. Noes: None.
<br />
<br /> Mr. Toscano noted that a cable committee will be
<br />appointed in the near future.
<br />
<br />ORDINANCE: WATER STREET PARKING.GARAGE (2nd~reading)
<br />
<br /> The ordinance approving the Water Street Parking Garage
<br />which was offered at the June 1st meeting was approved by the
<br />following vote. Ayes: Rev. Edwards, Ms. Slaughter, Mr.
<br />Vandever, Ms. Waters. Noes: Mr. Toscano.
<br />
<br /> WHEREAS, various public and private parties have joined
<br />together to construct and own a parking facility containing
<br />692 condominium parking spaces and approximately 19,206
<br />square feet of retail space, located on Water Street near the
<br />Downtown Mall and known as ("The Water Street Parking Garage"
<br />or "the i ,,
<br /> Project ), all as more particularly outlined in the
<br />Structure of Proposed Transaction (sometimes referred to as
<br />the "Transaction Summary") dated 5/27/92, copy of which is
<br />attached hereto; and
<br />
<br /> WHEREAS, the primary objectives of the Project are to
<br />provide needed parking and otherwise facilitate the
<br />redevelopment and rehabilitation of the downtown area of the
<br />City, improve the economic values and tax revenues of the
<br />City, and also improve the environment for retail sales in
<br />the downtown area of the City and encourage further
<br />development ~by both the public and private sectors; and
<br />
<br /> WHEREAS, the Council finds that fulfillment of these
<br />objectives are a valid public purpose and serve the public
<br />welfare and interest of this City;
<br />
<br /> NOW, THEREFORE, BE IT RESOLVED, that the Council of the
<br />City of Charlottesville, through its cooperation with the
<br />Charlottesville Industrial Development Authority ("CIDA"),
<br />hereby approves the City's participation in the construction
<br />and partial ownership of the Water Street Parking Garage. As
<br />part of the approval hereby granted, the City, through
<br />signature of its Mayor and/or City Manager, is authorized to
<br />execute any and all legal documents consistent with the
<br />intent of the Transaction Summary and necessary to accomplish
<br />the purposes and obligations generally described in that
<br />Summary, and in a form approved by the City Attorney.
<br />
<br /> The documents which the City will be expected to sign in
<br />order to complete this transaction are numerous. They
<br />include, but are not limited to, the following:
<br />
<br />(1) A "Water Street Parking Facility Cooperation
<br />
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