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198 <br /> <br />AMOUNT OF GENERAL OBLIGATION PUBLIC IMPROVEMENT BONDS OF THE <br />CITY OF CHARLOTTESVILLE, VIRGINIA, FOR THE PURPOSE.OF <br />PROUIDING FUNDS TO PAY.THE COST OF PUBLIC IMPROVEMENT <br />PROJECTS OF AND FOR THE CITY; FIXING THE FORM, DENOMINATION <br />AND CERTAIN OTHER FEATURES OF SUCH.BONDS.; PRESCRIBING THE <br />FORM OF A NOTICE OF SALE FOR SUCH BONDS; PROVIDING FOR THE <br />SALE OF SUCH BONDS; AND AUTHORIZING AND PROVIDING WITH. <br />RESPECT TO THE ISSUANCE AND SALE OF A LIKE PRINCIPAL AMOUNT <br />OF GENERAL OBLIGATION BOND ANTICIPATION NOTES IN ANTICIPATION <br />OF THE ISSUANCE AND SALE OF SUCH BONDS,"~which was. offered at <br />the February 5th meeting, was approved~by the following vote. <br />Ayes: .Mr. Buck, Rev. Edwards:, Mr. Towe, Mr. Vandever, Ms. <br />Waters. Noes: None.. <br /> <br />ORDINANCE: AMENDING PROCUREMENT ORDINANCE (2nd reading) <br /> <br /> The ordinance entitled "AN ORDINANCE TO.AMEND AND <br /> REORDAIN SECTION 21.1-10 OF THE CODE OF THE CITY OF <br /> CHARLOTTESVILLE, 1976, AS AMENDED~, RELATING TO SMALL PURCHASE <br /> PROCEDURES,,, which was offered at the February 5th meeting, <br /> was approved by the following vote. Ayes: Mr. Buck, Rev. <br /> Edwards, Mr. Towe, Mr. Vandever, Ms. Waters. Noes: None. <br /> <br />PUBLIC <br /> <br />There were no matters by the public. <br /> <br />OTHER BUSINESS <br /> <br /> Mr. Towe commended Ms. Judith Mueller for having been <br />named Woman of the Year by the Virginia Women's Forum. <br /> <br />The meeting was adjourned. <br /> <br />NOTICE OF SPECIAL MEETING <br /> <br />A SPECIAL MEETING OF THE COUNCIL WILL BE HELD ON Wednesday, <br />February 21, 1990 AT 1:00 p.m. IN THE Council Chamber. <br /> <br />THE PROPOSED AGENDA IS AS FOLLOWS: <br /> <br />Resolution approving sale of $6.5 million general <br />obligation public improvement bonds <br /> <br />BY ORDER OF THE MAYOR <br /> <br />BY Jeanne Cox (signed) <br /> <br />COUNCIL CHAMBER - February 21, 1990 <br /> <br /> Council met in special session on this date with the <br />following members present: Rev. Edwards, Mr. Vandever, Ms. <br />Waters. Absent: Mr. Buck and Mr. Towe. <br /> <br />RESOLUTION: APPROVING SALE OF $6.5 MILLION GENERAL OBLIGATION <br />PUBLIC IMPROVEMENT BONDS <br /> <br /> Ms. Rita Scott, Director of Finance, stated that seven <br />bids had been received for the bonds and Wachovia Bank and <br />Trust was recommended to purchase the bids as the low bidder <br />at 6.71% interest. <br /> <br /> On motion by Rev. Edwards, seconded by Mr. Vandever, the <br />resolution entitled "A RESOLUTION MAKING CERTAIN FINDINGS <br />CONCERNING THE BIDS SUBMITTED FOR THE PURCHASE oF SIX MILLION <br />FIVE HUNDRED THOUSAND DOLLARS ($6,500,000) PRINCIPAL AMOUNT <br />OF GENERAL OBLIGATION PUBLIC IMPROVEMENT BONDS, SERIES 1990, <br />OF THE CITY OF CHARLOTTESVILLE, VIRGINIA; ACCEPTING A <br />PROPOSAL TO PURCHASE SUCH BONDS; DESIGNATING SUCH BONDS AS <br /> <br /> <br />