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153 WHEREAS, by ordinance enacted June 20, 1988, the City of Charlottesville appropriated $283,000 as a loan to the Charlottesville Industrial Development Authority (CIDA), with the intention that such money would serve as a credit toward the future purchase of a small portion of the CSX property; and WHEREAS, by Memorandum of Understanding dated July 28, 1988, the City and CIDA set ~out the terms of such loan; and WHEREAS,~the Charlottesville Industrial Development Authority has requested City Council to forgive the loan; now, therefore BE IT ORDAINED by the Council of the City of Charlottesville, Virginia, that the above Memorandum of. Understanding is declared null and void, and the loan in the amount of ~283,000 from the City to the Charlottesville Industrial Development Authority is herebY forgiven.~ This' ordinance is conditioned upon receipt of $183,000 from CIDA, to be transferred to the Capital Projects Fund. BE IT RESOLVED by the Council of the City of Charlottesville, Virginia, that the sum of $183,000, is hereby appropriated to expenditure account 26-181-121100 in the Capital Projects Fund as reimbursement to the City for the cost of clearing cinder debris from the CSX property. This appropriation is conditioned upon receipt of $183,000 from the Charlottesville Industrial Development Authority. APPROPRIATION: ~35,000 - DOWNTOWN CHARLOTTESVILLE FOUNDATION (2nd reading) The $35,000 appropriation to the Downtown Charlottesville Foundation which was offered at the November 20th meeting was approved by the following vote. Ayes: Mr. Buck, Rev. Edwards, Mr. Towe, Ms. Waters. Noes: None. BE IT RESOLVED by the Council of the City of' Charlottesville, Virginia, that the sum of $35,000 is hereby appropriated from the unappropriated balance of the General Fund as a grant to the Charlottesville Industrial Development Authority (CIDA) for the sole purpose of fulfilling CIDA's obligations under its contract with the Charlottesville Downtown Foundation, Inc., such contract having been approved in draft form by this Council on November 20, 1989. APPROPRIATION: ~42,017o!0 - DRUG SEIZURE ASSETS Mr. Hendrix stated that the drug seizure assets were received from the federal government. On motion by Mr. Vandever, seconded by Rev..Edwards, the $42,017o10 appropriation of drug seizure assets was offered and carried over to the next meeting for consideration.. Rev. Edwards recommended that consideration be given to using a percentage of drug seizure assets for drug education and questioned whether the law would allow the funds to,be used for this purpose. Ms. Waters requested that Council be provided with a running total of drug seizure assets received. APPROPRIATION: ~36,787 - RIVANNA PARK CONSTRUCTION Mr. Hendrix stated that the appropriation was the City's share for Rivanna Park construction.- On motion by Rev. Edwards, seconded by Mr. Vandever, the ~36,787 appropriation for Rivanna Park Construction was offered and carried over to the next meeting for consideration.