Laserfiche WebLink
221 <br /> <br />it was possible to move the houseS to another location for <br />the proposed use and stated that she felt it would be nice to <br />add the land to the Burnley Moran School property. <br /> <br /> Mr. Chapman stated that it would cost approximately <br />$15,000 to move each house. <br /> <br /> Ms. Waters recommended offering $100,000 minus the cost <br /> of moving the hoUses as the purchase price on the houses. <br /> <br /> Mr. Toscano agreed that the safety issue of using the <br /> houses needed to be addressed and recommended that other <br /> options be explored and that more people be involved in the <br /> process. Mr. Toscano stated that he felt the plan was <br /> desirable because it addresses two needs in the community: <br /> affordable rental housing and home ownership. <br /> <br /> It was the consensus of Council toexplore other options <br /> and to take no action on using the houseS on Long Street at <br /> this time° <br /> <br />RESOLUTION: APPROVING INDUSTRIAL DEVELOPMENT BOND REFINANCING FOR <br />KROGER <br /> <br /> Ms, Marcie Kelso from the City's Office of Economic <br />Development, explained that Kroger was requesting industrial <br />development bonds to refinance their original bond issuance <br />made in 1980 in order to take advantage of lower interest <br />rates. <br /> <br /> ~Responding to a question from Mr. Toscano, Ms.~Kelso <br />stated that fees are paid to the Charlottesville Industrial <br />Development Authority based on the amount of the bond~ <br /> <br /> Responding to a question from Mr.~Toscano, Mr~ Alex <br />Straightiff, manager of the local~Kroger Store, statedthat <br />in 1980 Kroger employed 200 employees locally and now employs <br />300. Mr. Straightiff pointed out that Kroger is an employee <br />owned company. ~ <br /> <br /> Ms. Slaughter congratulated Kroger for doing a good job <br />with their affirmative action efforts. <br /> <br /> On motion by Mr. Toscano, seconded by Ms. Waters, <br />Council~unanimously authorized the industrial development <br />bond refinancing for Kroger. <br /> <br /> WHEREAS, the Industrial Development Authority of the <br />City of~Charlottesville, Virginia ("Authority"), has' <br />considered the application of The Kroger Co. ("Company") <br />requesting the issuance of the Authority's industrial <br />development revenue refunding bonds in an amount not to <br />exceed $3,250,000 ("Bonds") to current refUnd the outstanding <br />principal amount of the Authority's $3,250,000 Industrial' <br />Development Revenue Bonds (The Kroger Co. Project), Series of <br />1980, the proceeds of which were used to assist in the <br />financing of~the Company's acquisition, construction and <br />equipping of a grocery store consisting of approximately <br />51,365 square feet ("Project") located on the east side of <br />U.S. Route 29 and the south side of Hydraulic Road (Rugby <br />Road extended); in the City of Charlottesville, Virginia, and <br />has held a public hearing thereon on May 7; 1991~. ~ ~. <br /> <br /> WHEREAS, the applicable provisions of the Internal <br />Revenue Code~of 1986, as amended~ (the "Code"), provide~that <br />the governmental unit-having jurisdiction.over the~issuer of <br />private activity bonds and over the area in_which any <br />facility financed with the proceeds of private, activity bonds <br />is located must 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 Council of the City of <br /> <br /> <br />