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281 <br /> <br />seconded the motion, adding that would support the resolution <br />for the following reasons: 1) Martha Jefferson Hospital <br />provides valUable ~health ~care~ ~o~ the CommUnity; 2)good <br />questions h~d ~b~e'en ~sk~d~of~t~he Hospital 'and~he was · <br />comfortable wit-h-their responses; and' 3).he was satisfied <br />with the Hospital's affirmative action programs. <br /> <br /> Rev..Edwards stated that~ the felt the Hospital provided <br />a valuable service~, but was con~cerned about the make-up o~ <br />their board and would like to know what the Hospital plans to <br />do to address those concerns. <br /> <br /> Mr. Towe stated that he felt the points raised with the <br />Hospital were valid and was pleased that the Hospital appears <br />willing to work with the community. <br /> <br /> Ms. Waters requested that the Hospital provide Council <br />and Legal Aid with a brief report on ways they can increase <br />their advertising of free care., what service they now <br />provide, and what they ~pr~opose to do in the future. <br /> <br /> .The resolution ~authorizin~ the iSsuance of $39.5 million <br />revenue bonds to Martha Jefferson Hospital was unanimously <br />approved by Council. <br /> <br /> Ms. Waters requested that staff prepare an ordinance <br />incorporating criteria con'cerning affirmative action with <br />regard to approving revenue bonds for the' next agenda. <br /> <br /> WHEREAS,~ the-Indust~ial~ Development Authority of the <br />City of Charlottesville., Virginia. (,Authority"), has <br />considered the application of Martha Jefferson Hospital <br />("Hospital") requesting the issuance of the Authority's <br />revenue bonds in an amount not to exceed $39,500.00 ("Bonds") <br />to assis~ in the financing_of th~ Hospital's acquisition, <br />construction, renovation and equipping of various projects at <br />the Hospital's acute care facility located at 459 Locust <br />Avenue, in-the. City of Charlottesville, Virginia, refunding <br />up to $10,000,000 of existing debt of the Hospital and <br />funding certain reserve funds, capitalized interest accounts <br />and certain costs of issuance relating to the proposed <br />issuance of bonds ("Project"), and has held a public hearing <br />thereon on Mayu 29, 1990; <br /> <br /> WHEREAS, Section 147(f) of the Internal Revenue Code of <br />1986, as amended (the "Code")~, provides that the governmental <br />unit having jurisdiction over the. issuer of private activity <br />bonds and over the area in which any facility financed with <br />the proceeds of private~activity bonds is located must <br />approve the ~issuance of the~bonds; <br /> <br /> WHEREAS, the Authority issues its bonds on behalf of the <br />City of Charlottesville, Virginia ("City"); the Project is <br />located in the City and the City Councit of the City of <br />Charlottesville, Virginia ("COuncil") constitutes the highest <br />elected governmental unit of the City; <br /> <br /> WHEREAS, the Authority has recommended that the Council <br />approve the issuance of the Bonds; and <br /> <br /> WHEREAS, a copy of the Authority's resolution approving <br />the issuance of the Bonds, subject to the terms to be agreed <br />upon, a certificate of the public hearing and a Fiscal Impact <br />Statement have been filed with the Council. <br /> <br /> NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE <br />CITY OF CHARLOTTESVILLE, VIRGINIA: <br /> <br /> 1. The Council approves the issuance of the Bonds by <br />the Authority for the benefit of the~Hospital, as.required by <br />Section 147(f) of the~Code and Section 15.1-1378.1 of the <br />Code of Virginia of 1950, as amended ("Virginia Code") to <br />permit the Authority to assist in the financing of the <br /> <br /> <br />