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<br />6 <br /> <br />TUESDAY <br /> <br />JANUARY 10, 1978 <br /> <br />Council also referred to the Planning Commission, for its consideration and <br /> <br />recommendation, a petition submitted by Nationwide Homes, Inc., seeking the rezoning <br /> <br />to "M-3" of three tracts of land owned by petitioner and situated adjacent to <br /> <br />petitioner's currently-zoned "M-3" property, being northwest of Rives Road Extension <br /> <br />and along the right-of-way of the Norfolk & Western Railway Company. <br /> <br />Pursuant to Section 2.1-344 of the CODE OF VIRGINIA (1950, and as amended), and by <br /> <br />a recorded and unanimous vote, Council convened into an Executive Session for the <br /> <br />purpose of receiving a briefing by City Attorney Worthy on a legal matter, at the <br /> <br />conclusion of which (Executive Session) Council reconvened into regular session and <br /> <br />informed the public, through Councilman Greene, that this matter involves a disparity <br /> <br />between the fuel cost adjustment clause in the City's contract with Appalachian Power <br /> <br />Company for the purchase by the City of energy from Appalachian and the fuel cost <br /> <br />"pass-on" by the City to its retail customers, as well as the probability of greater <br /> <br />disparity between the two resulting from the present and on-going strike by coal <br /> <br />miners. Upon motion, duly seconded and unanimously carried, Council directed City Attorney <br /> <br />Worthy to prepare an ordinance, for Council's consideration, whereby this problem of <br /> <br />disparity might be resolved. <br /> <br />Council was adjourned. <br /> <br />~ -/. <br /> <br />W. H. Yeaman, Clerk of Council <br /> <br />./ <br />