Minutes 10/28/1969 - Laserfiche WebLink

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(I . TUESDAY OCTOBER 28, 1969 Through Mr. M. Harrison Joyce, Attorney at Law and Counsel for petitioner, Sale Knitting Company (by letter dated October 23, 1969) requested the rezoning of its property on Dillard Street--being property recently purchased from Martinsville City School Board and one adjoining lot--from "R-9" to IIM-2". Council referred this petition to the Planning Commission for its consideration and recommendation. Council acknowledged receipt of--and ordered filed for next year's scheduled review--a petition from the residents of Rivermont Heights requesting the construction of curb-and-gutter (on the usual shared-cost basis) on both sides of said street from Memorial Boulevard South to the City's corporate limits on said street. By the following resolution, Council authorized the borrowing from local banks the total sum of $250,000.00 to meet current operating expenses: WHEREAS, income of the City of Martinsville has not been realized as anticipated and, therefore, momentarily is insufficient to meet the City's operating expenses; now, therefore, BE IT RESOLVED by the Council of the City of Martinsville, Virginia, in regular meeting assembled this twenty-eighth day of October, 1969, that the Honorable F. T. Renick, M.D., Mayor, and W. H. Yeaman, Clerk of Council & Director of Finance, be--and are hereby--authorized and directed to execute notes, on behalf of the City of Martinsville, for the borrowing from local banks the total sum of $250,000.00 for the period October 29, 1969 to December 1, 1969, with right of anticipation reserved for any portion or all of said amount. Council called for a special meeting of the Council to be conducted Monday, November 3, 1069, in the Council Chamber, City Hall, beginning at 12 o'clock noon, for the purpose of adopting a resolution introduced October 2, 1969, providing for the issuance of $2,100,000 City of Martinsville School Bonds, which are to be delivered to Anderson & Strudwick, purchaser, in Richmond, Virginia, Wednesday, November 5, 1969.