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344 <br />A ) CONCTRUCT I ON WILL PEG1N WITHIN THIRTY (30 ) DAYS AFTER THE <br />RECEIPT OF TITLE TO PROPERTY. IT WILL BE PURSUED AS VIGOROUSLY AS <br />POSS13LE AND IT IS OUR GOAL TO HAVE IT COMPLETED WITHIN NINETY (90 <br />DAYS THEREAFTER. <br />(B) THE VALUE OF THE LAND, PROPOSED BUILDINGS AND EQUIPMENT <br />INSTALLED THEREON, WILL CE IN THE ORDER OF !,4,-25-3,000.00 TO �,300of nO. c0. <br />PLANS OF SPECIALITIES <br />I PIC. C% TH I !a FACILITY WILL EMPLOY, ON A FULL - T 1PAE OASIS, 140 PEOPLE <br />I T AN AVERAGE ANNUAL PAYROLL OF X460, 000. OC . <br />(DTHIS FACILITY, ONCE THE PERSONNEL ARE TRAINED AND IT IS <br />OPERATING AT FULL EFFICIENCY WILL HAVE AN ANNUAL PRODUCTION VOLUME <br />OF �'! ,465,000.00 OF MANUFACTURED PRODUCTS AND THE E^IG I NEER I NG <br />PRODUCTION VilLL HAVE AN ANNUAL VCLUME OF 400,000.00 TO Nr30,'JQO.Co. <br />IN THE EVENT VIE HAVE FEDERAL BACKING AND PUT IN IMMEDIATELY THE <br />PLANT WHICH WE ULTIP-AATELY CONTEMPLATE DOING ON OUR ONN, OUR ANNUAL <br />NUkIBER OF EMPLOYEES I^JILL EXCEED 40C, OUR ANNUAL VOLUME OF PAANUFACTURED <br />PRODUCTS WILL BE IN THE- ORDER OF w4,!�OO�i�0O.00 A14D THE ANNUAL VOLUME <br />OF ENGINEERING PRODUCTION !%ILL BE IN THE OF;TER OF Psi ,200900n.00. THE <br />INCREASE IN PAYROLL WILL BE APPROXIMATELY IN PROPORTION TO THE <br />INCREASE IN PERSONNEL. <br />TRUSTING THAT THIS STATEMENT 13 ADEQUATE FOR YOU'D, PURPOSES, I AM <br />SINCERELY YOURS, <br />STEPHEN A. rw"X"LELLAN <br />rl <br />jTEPHEPl A. 'MCCLELLAN, <br />PRESIDENT <br />SPECIALTIES, INC. <br />ON MOT ION BY NIR. TEBELL, SECONDED BY PIR. 1-1 1 LL, THE FOLLG'.: 1 NG <br />RECGLUT I Oa 1!AS UNANIMOUSLY ADOPTED; <br />VEREAS, 11,1P.. STEPHEN A. MCCLELLAN IN BEHALF OF SFEC I ALT IES, <br />INC. HAS PROVIDED THIS CCUNTIL WITH SATISFACTORY ASSURANCES OF THAT <br />CORPORAT ION f -S i NTF;:T ION AMID ABILITY TO CARRY THROUGH CONSTRUCTION <br />OF ITS FACTORY AT OR NEAR THE PROPOSED AIRPORT SITE IN ALBEr,AARLE <br />RESOLUTION RE: COUNTY <br />AIRPORT <br />NOVIJ 9 TIIEREFCRE 9 RE I T RZ-S0L` ELD TH T Tl -',E JOINT A I R PO R T <br />COMMITTEE OF THIS ('OUNC 1 L A.NL THE BOARD OF SUPERV i SCRs OF <br />AL3EMARLE COUNTY, IS HEREBY AUTHORIZED AND DIRECTED TO ACQUIRE BY <br />PURCHASE OR COND Etv1NAT ION2 1.F' THE JOINT NAMES OF THE CITY OF <br />CHARLOTTESVILLE Ar•dD THE COUNTY OF tlLSEMARLE, THE NECESSARY LAND FOR <br />AN Al2PORT ACCORDING TO 0. R. RANDOLPH'S SURVEY AND DEDICATE THE <br />SAME IN PERPETUITY FOR AN AIRPORT, AND SAID COMMITTEE IS FURTHER <br />DIRECTED TO TAKE SUCH OTHER STEPS AS MAY BE NECESSARY FOR THE <br />ESTABLISHMENT OF A CITY -COUNTY MUNICIPAL AIRPORT, IN ACCORDANCE WITH <br />THE TERMS' OF THE RESCLUT IONS OF THIS COUNCIL ARID THE BOARD OF <br />SUPERV1OGRS OF ALBEMARLE COUNTY, ADOPTED IN JOINT SESSION ON <br />SEPTEMPER 6, 1951. <br />THE COUNTY BOARD OF SUPERVISORS OF ALBEMARLE COUNTY ALSO PASSED <br />A SIMILAR RESOLUTION. <br />ON MOTION .SY flP. HA.DEN, SECONDED BY r n. TEBELL, THE FOLLOWING <br />RESOLUTION WAS OFFERED AND CARRIED OVER: <br />BE IT RESOLVED BY THE: COUNCIL OF T+E CITY OF CHARLOTTESVILLE <br />THAT . 25,000. CC BE AND THE SAME IS HEREBY ANPkCOPR I ATED To THE <br />RESOLUTION RE: <br />JOINT 00P1MITTEE CANSiSTING OF THE CITY MANAGER AND THI ...I-iECTO CF - <br />APPROPRIATION <br />FOR <br />AIRPORT CAP,r;iED OVER <br />F 1 r.ANCE OF ALBEMARLE COUNTY FOR THE ESTASL i SHM ENT OF AN AIRPORT. <br />TING ADJCURNED. <br />CLERK PRESIDENT ' <br />• <br />11 <br />• <br />1 <br />• <br />7 <br />• <br />