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1990-02-21
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1990-02-21
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12/6/2001 4:30:16 PM
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City Council
Meeting Date
2/21/1990
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Minutes
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2O2 <br /> <br />in such order as may be determined by the-City (except that <br />if at any time less than all of the Bonds' of a. given mat'urity <br />are called for redemption., the particular Bonds or portions <br />thereof in installments of $5,000 of such maturity to be <br />redeemed shall be' selected by lot'),, upon payment of the <br />principal amount of the Bonds (or portions %hereof <br />installments of ¢5.,'000) to-be' redeem'ed, ~ogether with the <br />interest' accrued thereon-to the date: fixed for redemption:~ <br />plus a premium of one-quarter (1/4) of one percent (1%) of: <br />the principal amount of each Bond to be redeemed for each <br />twelve (12) month period or fraction.thereof from and <br />excluding the. date fixed for redemption to and including the <br />stated maturity date-of such Bond-;-provided,: however., that <br />such re~demption premium shall not exceed two percent (2%) of <br />such principal amount. <br /> <br /> 5. The Bonds .are hereby designat'ed as "-qualified tax- <br />exempt obligations" for purposes of Section 265 of the Code. <br /> <br /> 6o The Bonds shall, as soon as practicable, be <br />prepared, executed and delivered at the expense of the City <br />to the Purchaser in accordance with the provisions of th'e3 <br />1987 Bond.'Ordinance-,-t:he 1.990' Bond Ordinance, the Detailed <br />Notice of Sal'e and this resol-ution and upon payment o-f 'the <br />balance of the purchase price for the Bonds'. <br /> <br /> 7~'. The appointment of 'Cres%ar Ba~.k ~n the'City of <br />Richmond, Virginia, as Registrar and Paying Agent for the <br />Bonds, is hereby approved, ratified' and ~.onfirmed. <br /> <br /> 8. The City Attorney of the City is hereby directed to <br />file a copy of this resolution, certif&ed by the Clerk-of <br />Council of the.City to be a true and correct copy hereof, <br />with the Clerk of the Circuit Ceurt of the City. <br /> <br /> 9. This resolution shall take effect upon its <br /> adoption. <br /> <br />COUNCIL CHAMBER - March 5, 1990 <br /> <br /> Council met in regular session on this date with the <br />following members present: Mr. Buck, Rev..Edwards,-Mr.- Towe, <br />Mr-. Vandever, Ms. Waters. <br /> <br />MINUTES <br /> <br /> On motion by Mr. Towe, seconded by Rev. Edwards, the <br />minutes of the February 14th meeting were approved as <br />presented, with Mr. Vandever abstaining. <br /> <br /> On motion by Rev'. Edwards, seconded by Mr. Vandever, the <br />minutes of the February 20th meeting were unanimously <br />approved as presented. <br /> <br /> On motion by Rev. Edwards, seconded by Mr. Vandever, the <br />minutes of the February 21st meeting were approved as <br />presented, with Mr. Buck and Mr. Towe abstaining. <br /> <br />PUBLIC <br /> <br /> Ms. Pam Barsby, representing the National Organization <br />for Women (NOW) at the University of V-ir~gi.nia, requ~es~ed <br />Council's endorsement of the "Take Back t-heNight" March and <br />Rally on April 5th which has been organized -to raise <br />community awareness about violence against women. <br /> <br /> <br />
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