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66 <br /> <br />APPROPRIATION: $77,000 SCHOOL IMPROVEMENT <br /> <br /> Mr. Hendrix explained that the $24,000 appropriation <br />previously included for the location of school buses <br />would be deferred until staff could discuss the situation <br />with the neighborhood association. Mr. Hendrix stated <br />that the $77,000 for the Charlottesville High School interior <br />project would appropriate the funds previously approved <br />by Council for that purpose. <br /> <br /> On motion by Dr. Hall, seconded by Mr. Barnes, the <br />$77,000 appropriation for school improvement was offered <br />and carried over to the next meeting for consideration. <br /> <br />APPROPRIATION: $79,474 ASBESTOS REMOVAL <br /> <br /> Mr. Hendrix stated that $79,474 was the amount <br />needed to remove asbestos found in City Hall and McGuffey <br />Art Center. Mr. Hendrix noted that there was no present <br />health problem but the City wanted to have the asbestos <br />removed as soon as possible. <br /> <br /> On motion by Mrs. Gleason, seconded by Dr. Gunter, <br />the $79,474 appropriation for asbestos removal was offered <br />and carried over to the next meeting for consideration. <br /> <br />APPROPRIATION: $107,750 CHARTER HOUSE <br /> <br /> Mr. Hendrix stated that this appropriation represented <br />the State funds ($85,000) and local funds ($22,750) appro- <br />priated to Region Ten Community Services Board for th.e <br />operational expenses of Charter House. <br /> <br /> On motion by Dr. Hall, seconded by Mrs. Gleason, the <br />$107,750 appropriation for Charter House was offered and <br />carried over to the next meeting for consideration. <br /> <br />RESOLUTION: AUTHORIZING INDUSTRIAL DEVELOPMENT BONDS FOR <br />HOLDRENS, INC. <br /> <br /> Mr. A1 Knighton, representing Holdrens, Inc., stated <br />that the proposed project was a 23,000 square foot <br />applicance and electronic equipment retail store on 5th <br />Street near Willoughby Shopping Center. <br /> <br /> Mr. Stan Cross of Holdrens, Inc.', stated that 23 <br />full-time positions would be created, with 20 to 21 hired <br />locally, <br /> <br /> Mr. Knighton stated that no new access from 5th street <br />was planned and that it was anticipated that the present <br />shopping center parking lot would be used for sccess. <br /> <br /> On motion by Dr. Hall, seconded by Dr. Gunter, the <br />resolution authorizing industrial development bonds for <br />Holdrens, Inc. was unanimously approved by Council. <br /> <br /> Mrs. Gleason noted that the bonds must come from the <br />State reserve. <br /> <br /> WHEREAS, the Industrial Development Authority of the <br />City of Charlottesville, Virginia (the Authority), has <br />considered the application of C. Stan Cross, Jr. (the <br />Applicant) requesting the issuance of one or more of the <br />Authority's industrial development revenue bonds or notes <br />in an amount not to exceed $1,500,000 (the Bonds) to assist <br />in the financing of the acquisition of certain land and <br />the construction thereon of a facility for the retail sale, <br />rental and servicing of appliances and electronic equipment <br />(such land and facility, collectively, the Project), which <br />will be located on Fifth Street, near its intersection with <br />Harris Road and near the Willoughby Shopping Center, in the <br />City of Charlottesville, Virginia (the City), which will <br />include a building containing approximately 23,000 square <br /> <br /> <br />