Laserfiche WebLink
254 <br /> <br /> Mr. Hendrix explained that borrowing funds under the <br />Literary Loan Program was being recommended for Johnson <br />School. - <br /> <br /> Ms. Waters asked about possible use of Literary Loans <br />for future renovation. <br /> <br /> Ms. Rita Scott, Director of Finance, responded about the <br />priority setting for this funding, now and in the future, and <br />stated that asbestos removal.has a high priority. <br /> <br /> Mr. Toscano asked staff to prepare a report on the level <br />of school debt charlottesville.has compared to other <br />localities. <br /> <br /> On motion by Ms. Waters, seconded by Mr. Vandever, the <br />resolution approving the Literary Loan application for <br />Johnson School was unanimously approved by Council. <br /> <br /> WHEREAS, the School Board for the City of . <br />Charlottesville, on the 1st day of July, 1991,. presented to <br />this Council an application addressed to the State Board of <br />Education of Virginia for the purpose of borrowing from the <br />Literary Fund $200,000 for improvements to Johnson School, to <br />be paid in twenty (20) annual installments, and the interest <br />thereon at five per cent (5%) paid annually; <br /> <br /> BE IT RESOLVED by the Council of the City of <br />Charlottesville that the application of the~City School Board <br />to the State Board of Education of Virginia for a loan of <br />$200,000 from the Literary Fund is hereby approved, and the <br />authority is hereby granted the City School Board to borrow <br />the said amount for the purpose set out in said application. <br /> <br /> BE IT FURTHER RESOLVED that the Council of the City of <br />Charlottesville will each:year during the life of this loan, <br />at the time regular levies are fixed, fix.a rate of levy for <br />schools or make a cash appropriation sufficient for operation <br />expenses and to pay this loan in annual installments and the <br />interest thereon, as required by law regulating loans from <br />the LiterarY Fund. <br /> <br />ORDINANCE: CLOSING AN ALLEY OFF SOUTH SIDE OF BLUE RIDGE ROAD <br />(2nd reading) <br /> <br /> The ordinance entitled "AN ORDINANCE CLOSING, VACATING <br />AND DISCONTINUING AN ALLEY OFF BLUE RIDGE ROAD," which was <br />offered at the June 17th meeting, was approved by the <br />following vote. Ayes: Rev. Edwards, ~Mr. Toscano, Mr. <br />Vandever, Ms. Waters° Noes: None. Absent: Ms. Slaughter <br /> <br />ORDINANCE: AMENDING ANNUAL BUDGET - UTILITY FUND (2nd reading) <br /> <br /> The ordinance entitled "A RESOLUTION AMENDING THE ANNUAL <br /> BUDGET FOR THE CITY FOR THE FISCAL YEAR ENDING JUNE 30, <br /> 1992," Qhich was offered at the June 17th meeting, was <br /> approved bye- the following vote. Ayes: . Rev. Edwards, Mr. <br /> Toscano, Mr. Vandever, Ms. Waters. Noes: None. Absent: <br /> Ms. Slaughter. <br /> <br /> BE IT RESOLVED by the Council of the City of <br />Charlottesville, Virginia, that the annual budget for the <br />City for the fiscal year ending June 30, 1992, adopted April <br />11, 1991, is hereby amended by adding the following sections: <br /> <br />XIV. GAS FUND APPROPRIATION <br /> <br /> BE IT RESOLVED by the Council of the City of <br />Charlottesville that there is hereby appropriated from the <br />Gas Fund, for the operation of the gas utility during the <br />fiscal year beginning July 1, 1991 and ending June 30, 1992, <br />the sum of $15,977.648, or the amount of revenue actually <br /> <br /> <br />