Minutes 10/23/1984 (2) - Laserfiche WebLink

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460 OCTOBER 23, 1984 TUESDAY As evidence of unanimous support of a proposal that the City be authorized to issue $1,500,000.00 in general obligation bonds to help finance the cost of water system improvements, on which authorization an election is scheduled for November 6th, mem- bers of Council agreed personally to underwrite the cost of a newspaper advertisement urging local voters to grant such authorization. Vice-Mayor Severt, along with City Manager Edmonds, reported on efforts underway to publicize the need and merits for such authorization. Council also unanimously adopted the following resolution in support of the proposed financing: WHEREAS, experience and detailed engineering study in the past has established that the City of Martinsville's supply of raw water is inadequate and requires supplementation; and WHEREAS, a mutually beneficial contract with Henry County has been entered into whereby to ultimately gain an additional 4.0 MGD of raw water from Leatherwood Creek; and WHEREBY, Henry County, through its Public Service Authority, has entered into construction of the transmission main, pumping station and appurtenances necessary to secure the aforementioned water supply; and WHEREAS, the City Council, on August 28, 1984, ordained a referendum whereby the citizens of the City could vote on the issuance of $1,500,000 in general obligation bonds, as required to partially finance the City's share of the Leatherwood Creek project; now, therefore, BE IT RESOLVED by the City Council in its regular session on October 23, 1984, that: 1. The future development and overall interests of the City of Martinsville are to a major extent dependent upon the availability of secure and sufficient sources of water; 2. A commitment has previously been made to a co- operative effort with Henry County to obtain and finance access to raw water in Leatherwood Creek; 3. The citizens of the City be urged to unite in support of the proposed bond issue and to vote "Yes" on this proposition at the time of the general election on November 6, 1984.