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76 BE IT RESOL .VED by the Council of the City of Chaflottesvi!!e, Virginia that the sum of $94,790.00, received as a grant from the Virginia Department of Juveni!e Justice, is hereby appropriated to expenditure account !3-!62-062!4! for the cost of salaries, benefits and operational costs of the first-time truant offender program. d. APPROPRIATION: $19,500 - Private contributions to HOO Bus (caRed over) e. APPROPRIATION: $24,05 ! - Panners in Prevention Grant (carr3'.ed over) f. APPROPRIATION: $! 50,000 - llJvanna Trails Grant (carried over) g. _APPROPRIATION: $1,000 - Traffic Safety Crt. ant BE IT RESOLVED by the Council of the City of Charlottesvi!!e, Virginia, that the sum of $ !,000.00, to be received from the Virginia Depart. ment of Motor Vehicles, is hereby appropriated to expenditure account ! !-270-041!57 for the purpose of increasing the level of enforcement by the Police Department of the law requiring seat belts for children ages 4-15. h. RESOLUTION: Approving Industrial Revenue Bonds for Jefferson Area Board for Aging WHEREAS, the Industrial Deve!opmem Authority of the City of Charlottesville, Virginia CAuthority"), has considered the application of the Jefferson Area Board for _Aging, Inc. (the "Borrower") requesting the issuance of the Authority's revenue bonds in an amount not to exceed $1,000,000 ("Bonds") to assist in the financing of the Borrower's acquisition, construction and equipping of a center for the provision of comprehensive services to the elderly consisting of approximately 23,600 square feet to be located at 675 HJ!!sda!e Drive, in the Coumy of Albemarle, Virginia ("Project"), and has held a public hearing on August 12, 1997; WHEREAS, Section !47(0 of the Internal Revenue Code of 1986, as amended (the "Code"), provides that the governmental unit having jurisdiction over the issuer of private activity bonds and over the area h which any facility financed wi. '_th the proc~ds of private activity bonds is located must approve the issuance of the bonds; WHEREAS, the Authority issues its bonds on beh lalf of the City of Chaflottesvi!!e, Virgi_nJa ("City") and the Council of the City of Charlottesvi!!e, Virginia ("Council") constitutes the highest elected governmental unit of the City; WHEREAS, the Authority has recommended that the Council approve the issuance of the Bonds; and WHEREAS, a copy of the Authority's resolution approving the issuance of the Bonds, subject to the terms to be agreed upon, a certificate of the public hearing and a Fiscal Impact Statement have been filed with the Council. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF CllARLOTTESV~LE, VIRGINIA: !. The Council approves the issuance of the Bonds by the Authority for the benefit of the Borrower, as required by Section 147(0 of the Code and Section 15. !- ! 378. ! of the Code of Virginia of 1950, as amended ("Virginia Code") to permit the Authority to assist in the financing of the Project. 2. The approval of the issuance of the Bonds does not constitute an endorsement to a prospective purchaser of the Bonds of~the creditworthiness of the Project. or the Borr_ower.