Agenda 12/12/2000 - Laserfiche WebLink

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267 November 28, 2000 property taxes." Vice Mayor Teague moved to adopt the alternate proposal of Ordinance No. 2000-8 [Attachment A], on second reading; the motion was duly seconded and carried by the following vote, with all members voting: Vote 4 - 1; Yeas (4) - Crabtree, Ferrill, Roop, Teague; Nays (1) - Dallas. Council Member Roop moved for Council and Administration to proceed forward immediately of an analysis of the City's programs and personnel that we're funding, including the School Board and constitutional officers, provide this information back to the citizens with costs, and request their input; the motion was duly seconded and carried by the following vote, with all members voting: Vote 4 - 1; Yeas (4) - Crabtree, Ferrill, Roop, Teague; Nays (1) - Dallas. City Manager Reynolds stated, "A schedule will be developed to review with a timeline." Council considered adoption of a Resolution approving the financing of the Industrial Development Authority of the County of Franklin for the benefit of Goodwill Industries of the Valleys, Inc., for the issuance of the Authority's revenue bonds or notes in an amount not to exceed $4,500,000. Richard Jones, Goodwill Director of Operations, stated, "We would open a retail store in Martinsville of 12,000 square feet and 31 new jobs. We would be good neighbors." Vice Mayor Teague moved to adopt the following Resolution; the motion was duly seconded and carded by the following vote, with all members voting: Vote 5 - 0; Yeas (5) - Crabtree, Dallas, Ferrill, Roop, Teague; Nays (0)- None: WHEREAS, the Industrial Development Authority of the County of Franklin (the "Authority") has considered the application of Goodwill Industries of the Valleys, Inc. (the "Borrower") requesting the issuance of one or more of the Authority's revenue bonds or notes in an amount not to exceed $4,500,000 (the "Bonds") to assist in financing (a) the acquisition, renovation and equipping of a