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<br />
<br />NOTICE OF SPECIAL MEETING
<br />
<br />A SPECIAL MEETING OF THE COUNCIL WILL BE HELD ON
<br />Wednesday, April 9, 1986 AT 12:00 noon IN THE Jefferson
<br />School Annex, Room 19, 4th Street.
<br />
<br />THE PROPOSED AGENDA IS AS FOLLOWS:
<br />
<br />RESOLUTION MAKING CERTAIN FINDINGS CONCERNING THE BIDS
<br />SUBMITTED FOR THE PURCHASE OF SIX MILLION DOLLARS
<br />($6,000,000) PRINCIPAL AMOUNT OF GENERAL OBLIGATION PUBLIC
<br />IMPROVEMENT BONDS, SERIES 1986, OF THE CITY OF
<br />CHARLOTTESVILLE, VIRGINIA; ACCEPTING A PROPOSAL TO
<br />PURCHASE SUCH BONDS; FIXING THE RATES OF INTEREST TO BE
<br />BORNE BY SUCH BONDS; APPROVING THE FORM OF SUCH BONDS; AND
<br />APPOINTING THE REGISTRAR FOR SUCH BONDS.
<br />
<br />Luncheon meeting with School Board.
<br />
<br />BY ORDER OF THE MAYOR
<br />
<br />BY Jeanne Cox (signed)
<br />
<br />Jefferson School Annex - April 9, 1986
<br />
<br /> Council met in special session on this date with the
<br />following members present: Mr. Buck, Mrs. Gleason, Dr.
<br />Gunter, Dr. Hall. Absent: Mr. Barnes.
<br />
<br />RESOLUTION: AUTHORIZING SALE OF $6 MILLION BONDS
<br />
<br /> Mr. Roger Wiley, City Attorney, stated that the $6
<br />million outstanding from bonds previously approved by
<br />Council were being refinanced in order to take advantage
<br />of lower rates. Mr. Wiley stated that six bids had been
<br />received and the lowest bidder was Chase Manhattan Bank,
<br />etc. at a rate of 6.3549%, with a premium of $100.
<br />
<br /> On motion by Mrs. Gleason, seconded by Dr. Gunter,
<br />the resolution entitled "A RESOLUTION MAKING CERTAIN
<br />FINDINGS CONCERNING THE BIDS SUBMITTED FOR THE PURCHASE OF
<br />SIX MILLION DOLLARS ($6,000,000) PRINCIPAL AMOUNT OF
<br />GENERAL OBLIGATION PUBLIC IMPROVEMENT BONDS, SERIES 1986,
<br />OF THE CITY OF CHARLOTTESVILLE, VIRGINIA; ACCEPTING A
<br />PROPOSAL TO PURCHASE SUCH BONDS; FIXING THE RATES OF
<br />INTEREST TO BE BORNE BY SUCH BONDS; APPROVING THE FORM OF
<br />SUCH BONDS; AND APPOINTING THE REGISTRAR FOR SUCH BONDS"
<br />was approved by the following vote. Ayes: Mr. Buck, Mrs.
<br />Gleason, Dr. Gunter, Dr. Hall. Noes: None. Absent: Dr.
<br />Gunter.
<br />
<br /> WHEREAS, pursuant to an ordinance, entitled "AN
<br />ORDINANCE AUTHORIZING THE ISSUANCE OF $9,500,000 GENERAL
<br />OBLIGATION BOND ANTICIPATION NOTES OF THE CITY OF
<br />CHARLOTTESVILLE," adopted by the Council of the City of
<br />Charlottesville, Virginia (the "City") on October 27, 1983
<br />(the "Bond Ordinance"), there were authorized to be issued
<br />$9,500,000 principal amount of general obligation bonds and
<br />a like principal amount of general obligation bond
<br />anticipation notes in anticipation of the issuance and sale
<br />of such bonds:
<br />
<br /> WHEREAS, pursuant to the authorization of the Bond
<br />Ordinance and a resolution adopted by the Council of the
<br />City on April 29, 1985, there has heretofore been issued a
<br />$9,500,000 principal amount general obligation General
<br />Improvement Bond Anticipation Note, dated as of April 29,
<br />1985, and maturing on April 28, 1986 (the "1985 Note");
<br />
<br /> WHEREAS, pursuant to the authorization of the Bond
<br />Ordinance and a resolution, entitled "A RESOLUTION MAKING
<br />CERTAIN FINDINGS CONCERNING THE BIDS SUBMITTED FOR THE
<br />PURCHASE OF FIVE MILLION DOLLARS ($5,000,000) PRINCIPAL
<br />AMOUNT OF GENERAL OBLIGATION PUBLIC IMPROVEMENT BONDS,
<br />SERIES 1985, OF THE CITY OF CHARLOTTESVILLE, VIRGINIA;
<br />
<br />
<br />
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