Minutes 01/08/1980 - Laserfiche WebLink

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~1 JANUARY 8, 1980 TUESDAY ~ The regular semi-monthly meeting of the Council of the City of Martinsville, Virginia, with Mayor William D. Hobson presiding, was held Tuesday, January 8, 1980, in the Council Chamber, City Hall, beginning at 7:30 P.M., all members being present, viz., William D. Hobson, Mayor; William C. Cole, Jr., Vice Mayor; Barry A. Greene; L. D. Oakes; and Francis T. West. After the invocation, Council approved--as recorded--the minutes of its regular meeting held December 11, 1979; and, through Mayor Hobson, recognized Mr. Irving R. McGhee, who retired from the City's employment on December 31, 1979, as Traffic & Planning Director, and presented Mr. McGhee with a token of appreciation for his faithful and valuable services to the City during his tenure which began November 1, 1947. Council also acknowledged the presence of Mr. James W. Wagoner, Jr., Vice-Chairman and a member of the Henry County Board of Supervisors, as well as a statement by Mayor Hobson on the challenges and opportunities as the City begins the 1980 decade. Concurring in the findings, with regard to the City's proposed hydro-electric ("Ridgeway") project and related facets, of the City's Select Citizens Study Committee (chaired by Mr. George B. Adams, Jr.), and supported by analyses by both Councilman Greene and the firms of Blyth-Eastman-Paine-Webber, Inc., Salomon Brothers, and Wheat First Securities, of the most current data available as to the feasibility of said proposed project, Council authorized the proceeding with Phase II-B of the engineering study series, which phase is expected to be completed by late 1980, after which Council will decide whether to apply for a construction license from the Federal Energy Regulatory Commission. Meanwhile, at the suggestion of Councilman Greene, Council will soon give consideration to the selection of financial-and/or-bond counsel for the City and the project.