Minutes 02/26/1985 - Laserfiche WebLink

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f1C ~.....;, '...i TUESDAY FEBRUARY 26, 1985 ...~ for CBDG funding assistance will be approved. (NOTE: City Mana- ger Brown informed Council that some revisions to the City's policy or guidelines, pertaining to amortization, etc., are now under study, in which several local banks have expressed interest as lending agencies.) AS THE CITY'S PRIORITY NO.2 The development by the City, with CDBG funding, of a site (or sites) for commercial occupancies, which development would con- sist of property, access roads, water and sewer lines, and storm drainage facilities. .~ In connection with Councilman Groden's reference to actions taken by the Henry County Board of Supervisors and/or the Henry County Public Service Authority on Monday, February 25th (as reported in the February 26th edition of the Martinsville Bulletin), relating to certain authorizations and/or directives issued by the Supervisors toward jointly meeting the long-range sewage treatment needs of the community, City Manager Brown informed Council that County Administrator Lee Lintecum is in the process of for- mally notifying the City thereof. Through City Manager Brown and Mr. Frederick H. Ritts, Attorney at Law and legal counsel to Virginia "APCO" wholesale electric customers, Council learned that Appalachian Power Company is in the process of filing an application for an increase in its wholesale electric rate(s) which, if approved or to the extent approved ,- (although not to become effective probably until July of 1986), would adversely impact upon the City's finances, as would--as emphasized by Councilman Groden--a reduction Appalachian Power Company is proposing in its retail tariffs (which the City parallels) and/or a cut-back in Federal Revenue-Sharing monies and/or a general ten per cent increase the City School Board is reported to be recommending for its teaching per- sonnel. City Manager Brown indicated that he would keep Council apprised of develop- ments in these matters and, too, in response to Councilman Oakes' request, will prepare a written report on the status of allocations of electric energy generated at Philpott Dam.