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6 <br /> <br />SPECIAL SESSION <br /> <br />RESOLUTION RE: <br />APPROVING FINANCING <br />AND LOCATION OF RETAIL <br />SALES AND OFFICE <br />FACILITY ON ANGUS RD. <br /> <br /> TAKE NOTICE <br /> A SPECIAL MEETING OF COUNCIL WILL BE HELD TUESDAY AFTERNOON <br /> <br />THE iOTH OF NOVEMBER INST. AT 7~I5 PM O~CLOCK. <br /> <br />,COUNCIL CHAMBER <br /> <br />CONSIDERATION OF RESOLUTION RE: APPROVING FINANCING AND <br />LOCATION OF RETAIL SALES AND OFFICE FACILITY ON ANGUS RD. <br /> <br />BY ORDER OF <br /> <br />ALMA EVANS BROWN (SIGNED] <br /> <br />FRANCIS L.BUCK (SIGNED)__ <br /> <br /> COUNCIL CHAMBER - THURSDAy, NOVEMBER 10, i98! <br /> COUNCIL MET IN SPECIAL SESSION ON THIS DATE WITH THE FOLLOWING <br /> <br />MEMBERS PRESENT: MR, BUCK, MR. CONOVER, MS. GLEASON, DR. HALL. <br />ABSENTs MR. ALBRO. <br /> <br /> ON MOTION BY MR. CONOVER, SECONDED BY DR. HALL, THE FOLLOWING <br /> RESOLUTIgN WAS UNANIMOUSLY ADOPTED BY COUNCIL~ <br /> <br /> WHEREAS, THE COUNCIL OF THE CITY OF CHARLOTTESVILLE, VIRGINIA <br /> (THE ~ COUNCIL" ), HAS CREATED THE INDUSTRIAL DEVELOPMENT AUTHORITY <br /> OF THE CITY OF CHARLOTTESVILLE, VIRGINIA (THE '~ AUTHORITY~' ), PURSUANT <br /> TO THE VIRGINIA INDUSTRIAL DEVELOPMENT AND REVENUE BOND ACT TO <br /> FULFILL THE PURPOSES OF SUCH ACT~ AND <br /> <br /> WHEREAS, THE ORDINANCE ADOPTED BY THE COUNCIL ON JULY <br />1976, AS AMENDED ON FEBRUARY 3, Z980, WHICH CREATED THE AUTHORITY <br />(THE ~ 0RDiNANCE~ ), PROVIDES THAT THE AUTHORITy SHALL NOT FINANCE <br />ANY FACILITY UNTIL THE LOCATION AND FINANCING OF SUCH FACILITY <br />HAVE BEEN APPROVED BY THE COUNCILI AND <br /> <br /> WHEREAS, SECTION 5 OF THE ORDINANCE SETS FORTH CERTAIN <br />STANDARDS TO BE CONSIDERED BY THE AUTHORITY AND THE COUNCIL IN <br />DETERMINING THE NATURE AND LOCATION OF FACILITIES TO BE FINANCED <br />BY THE AUTHORITY; AND <br /> <br /> WHEREAS, THE AUTHORITY ON OCTOBER , 198I ADOPTED AN <br /> INDUCEMENT RESOLUTION AGREEING TO ASSIST ANGUS ROAD LIMITED <br />PARTNERSHIP (THE ~ PARTNERSHiP~ ) IN FINANCING A RETAIL SALES AND <br />OFFICE FACILITY IN THE CITY OF CHARLOTTESVILLE, VIRGINIA (THE <br />'~ PROJECT~), BY THE ISSUANCE OF THE AUTHORITY'S INDUSTRIAL DE- <br />VELOPMENT REVENUE BONDS IN AN AMOUNT NOT TO EXCEED $2,650,000; AND <br /> <br /> WHEREAS, PRELIMINARY PLANS FOR THE PROJECT AND THE FINANCING <br />HAVE BEEN DESCRIBED TO THE COUNCIL IN A PRESENTATION BY THE <br />PARTNERHSIP; AND <br /> <br /> WHEREAS, THE PROJECT WILL BEC LJ]£g%EJ:)AT 2116 ANGUS ROAD IN <br />THE CITY OF CHARLOTTESVILLE, VIRGINIA. <br /> <br /> NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF <br />CHARLOTTESVILLE, VIRGINIAs <br /> <br /> 1. IT IS HEREBY FOUND AND DETERMINED THAT THE ACQUISITION, <br />CONSTRUCTION AND EQUIPPING OF THE PROJECT WILL BE IN THE PUBLIC <br />INTEREST AND WILL PROMOTE THE COMMERCE, SAFETY, HEALTH, WELFARE, <br />CONVENIENCE OR PROSPERITY OF THE CITY OF CHARLOTTESVILLE VIRGINIA, <br />AND ITS CITIZENS. , <br /> <br /> 2. THE COUNCIL HEREBY APPROVES THE LOCATION AND FINANCING OF <br />THE PROJECT· <br /> <br /> 3. IT IS HEREBY FOUND AND DETERMINED THAT THE PROJECT MEETS <br />THE CRITERIA SET FORTH IN SECTION 5 OF THE ORDINANCE. <br /> 4. THIS RESOLUTION SHALL TAKE EFFECT IMMEDIATELY. <br /> <br /> THE MEETING WAS ADJOURNED. <br /> <br />C L EIR K / ' ' <br /> <br />PRES I DENT <br /> <br /> TAKE NOTICE <br /> <br /> A SPECIAL MEETING OF COUNCIL WILL BE HELD FRIDAY <br /> <br />THE 13TH OF NOVE'~BER INST. AT 3~00 PM O'CLOCK. <br /> <br />~0UNTY OFFICE BUILDINg <br /> <br />AFTERNOON <br /> <br />DISCUSSION WITH COUNTY BOARD OF SUPERVISORS. <br /> <br />EXECUTIVE SESSION TO DISCUSS MATTERS EXEMPTED BY SECTION 2.1-344(A) <br />(1)(PERSONNEL), (2)(PROPERTY) AND (6)(LEGAL) OF THE VIRGINIA FREEDOM <br /> <br /> <br />