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106 the close of business on the forth-fifth (45th) day next preceding the date fixed for redemption. If notice of the redemption of any Bond shall have been given as aforesaid, and payment of the principal amount of such Bond (or the portion of the principal amount thereof to be redeemed) and of the accrued interest and premimn, if any, payable upon such redemption shall have be~n duly made or provided for, interest on such Bond shall cease to accrue t?om and after the date so specified for redemption thereof. 5. The Bonds are hereby designated as "qualified tax-exempt obligations" for purposes of Section 265 of the Code. 6. The Bonds shall, as soon as practicable, be prepared, executed and delivered at the expense of the City to the Purchaser in accordance with the provisions of the Bond Ordinance, the Detailed Notice of Sale and this resolution and upon payment of the balance of the purchase price for the Bonds. The appointment ofthe Director of Finance ofthe City, as Registrar and Paying Agent for the Bonds, is hereby approved, ratified and confirmed. 8. The City Treasurer is directed to deposit the good faith deposit submitted by the Purchaser, or in lieu thereof the proceeds of the Surety Bond, and to apply the amount thereof to the purchase price of the Bonds in accordance with the terms of the Detailed Notice of Sale. 9. The City Attorney of the City is hereby directed to file a copy of this resolution, certified by the Clerk of Council of the City to be a true and correct copy hereof, with the Clerk of the Circuit Court of the City of Charlottesville, Virginia. 10. This resolution shall take effect upon its adopted. The meeting was adjourned. Pres~d~ta~c~--,~J/b '~ NOTICE OF SPECIAL MEETING A SPECIAL MEETING OF THE CHARLOTTESVILLE CITY COUNCIL WILL BE HELD ON Friday, June 9, 2000 AT 12:00 noon IN THE Basement Conference Room. THE PROPOSED AGENDA IS AS FOLLOWS: Luncheon meeting with School Board. BY ORDER OF THE MAYOR BY Jeanne Cox (signed) BASEMENT CONFERENCE ROOM - June 9, 2000 Council met in special session on this date with the following members present: Mr. Cox, Ms. Daugherty, Ms. Richards, Mr. Toscano. Absent: Mr. Caravati. Dr. William Symons, Superintendent of Charlottesville Schools, discussed capital needs of the school system and said that he feels the Schools have a much better plan because of the School Capital Improvement Committee which is composed of School and City staff, and members of the School Board and City Council. Dr. Symons said that capital needs can fluctuate and often small things can become big projects, referring to the pre-school program, renovations at Charlottesville High School, and need to replace the ventilation system at Walker and possibly Buford. Mr. Ron Hutchinson, presented an review of the capital plan, and said that the following projects will be under way this summer: Walker: mechanical and electrical upgrade; Clark: refinishing gym floor, replace interior stair railings, window replacement, and grading of playground; and Burnley-Moran: roof replacement.