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106 <br /> <br />the close of business on the forth-fifth (45th) day next preceding the date fixed for <br />redemption. If notice of the redemption of any Bond shall have been given as aforesaid, <br />and payment of the principal amount of such Bond (or the portion of the principal amount <br />thereof to be redeemed) and of the accrued interest and premium, if any, payable upon <br />such redemption shall have been duly made or prov~ for, interest on such Bond shall <br />cease to accrue from and after the date so specified for redemption thereof. <br /> <br /> 5. The Bonds are hereby designated as "qualified mx-exempt obligations" for <br />purposes of Section 265 of the Code. <br /> <br /> 6. The Bords shall, as soon as practicable, be prepared, executed and <br />delivered'at the expense of the City to the Purchaser in accordance with the provisions of <br />the Bond Ordinance, the Detailed Notice of Sale and this resolution and upon payment of <br />the balance of the purchase price for the Bonds. <br /> <br /> 7. The appointment ofthe Director of Finance ofthe City, as RegL~trar and <br />Paying Agent for the Bonds, is hereby approved, ratified and confirmed. <br /> <br /> 8. The City Treasurer is directed to deposit the good faith deposit submitted <br />by the Purchaser, or in lieu thereof the proceeds of the Surety Bond, and to apply the <br />amount thereof to the purchase price of the Bonds in accordance with the terms of the <br />Detailed Notice of Sale. <br /> <br /> 9. The City Attorney of the City is hereby directed to file a copy of this <br /> resolution, certified by the Clerk of Council of the City to be a true and correct copy <br />hereof~ with the Clerk of the Circuit Court of the City of Charlottesville, Virginia. <br /> <br />10. This resolution shall take effect upon its adopted. <br /> <br /> The meeting was adjourned. <br />Pre~si~ '~~-~.. <br /> <br />NOTICE OF SPECIAL MEETING <br /> <br />A SPECIAL MEETING OF THE CHARLOTTESVILLE CITY COUNCIL WILL BE <br />HELD ON Friday, June 9, 2000 AT 12:00 noon IN THE Basement Conference Room. <br /> <br />THE PROPOSED AGENDA IS AS FOLLOWS: <br /> <br />Luncheon meeting with School Board. <br /> <br />BY ORDER OF THE MAYOR <br /> <br />BY Jeanne Cox (signed) <br /> <br />BASEMENT CONFERENCE ROOM - June 9, 2000 <br /> <br /> Council met in special session on this date with the following members present: <br />Mr. Cox, Ms. DaUgherty, Ms. Richards, Mr. Toscano, Absent: Mr. Caravati. <br /> <br /> Dr. W'flliam Symons, Superintendent of Charlottesville Schools, discussed capital <br />needs of the school system and said that he feels the Schools have a much better.plan <br />because of the School Capital Improvement Committee which is composed of School and <br />City staff, and members of the School Board and City Council Dr. Symons said that <br />capital needs can fluctuate and often small things can become big projects, referring to <br />the pre-school program, renovations at Charlottesville High School, and need to replace <br />the ventilation system at Walker and possibly Buford. <br /> <br /> Mr, Ron Hutchinson, presented an review of the capital plan, and said that the <br />following projects will be under way this summer: Walker: mechanical and electrical <br />upgrade; Clark: refinishing gym floor, replace interior stair railings, window replacement, <br />and grading of playground; and Burnley-Moran: roof replacement. <br /> <br /> <br />