Minutes 10/24/1967 - Laserfiche WebLink

Home Browse Search

')9 k'''''......:i OCTOBER 24, 1967 TUESDAY The Commission determined from the facts available that while three of the four lots in question are owned by other owners of property fronting Fayette Street and contiguous thereto; that these lots are separate lots and subject to possible development at this time. It was the feeling of the COlllffiission that in view of a requirement in the Subdivision Ordinance which requires that every separate l()t have street frontage, a recommendation to close Burl Street would be contrary to this requirement of the ordinance. Your COlllffiission would point out, however, that this matter could be reopened by a petition from the property owners in question requesting the approval of a subdivision rewliting those lots fronting Burl Street and with those fronting Fayette Street which, in effect, would elimi- nate the separate lot lines in question. In connection with the recommended conversion of various temporary loans--authorized by City Council under date June 13, 1967, in accordance with borrowing schedule presented at that time--into a "six-month" note or notes in anticipation of the selling of authorized Municipal Building and School Building Bonds, Councilman Francis T. West presented the following resolution and moved that it be adopted: WHEREAS, the $1,646,000 Bond Anticipation Notes issued in anticipation of the issuance of bonds authorized by the bond ordinances hereinafter described will become due on October 31, 1967, and the Council of the City of Martinsville desires to provide for the renewal of said note as hereinafter set forth; NOW, THEREFORE, BE IT RESOLVED by the Council of the City of Martinsville as follows: (1) Said outstanding notes shall be renewed by the issuance of $1,646,000 Public Improvement Bond Anticipation Notes pursuant to the Public Finance Act of 1958 (Chapter 5 of Title 15.1 of the Code of Virginia, 1950), for the purpose for which bonds are authorized to be issued by the bond ordinance entitled "An Ordinance authorizing the issuance of nine hundred thousand ($900,000) dollars of bonds of the City of Martinsville to finance the cost to build and construct new municipal buildings, furnish and equip such buildings, and grade and improve the lands incidental thereto; to build and construct a jail or prisoner detention facilities, and furnish and equip such jailor facilities or to build and construct, jointly, with one or more other governmental units, prisoner detention facilities, and furnish and equip such facilities; and tc acquire or lease lands, rights-of-way or easements as may be necessary to all the preceding purposesm, adopted by the City Council of the City on January 13, 1966, and the bond ordinance entitled "An ordinance authorizing the issuance of three million dollars ($3,000,000) of bonds of the City of Martinsville to finance the cost of constructing and equipping a new senior high school on North Side Drive and providing the necessary access, grading, drainage, landscaping, utilities and architectural services; and the cost of constructing and equipping a vocational shop and facilities at the Albert Harris High School and providing the necessary access, grading, drainage, landscaping, utilities and architectural services; and the cost of constructing and equipping an addition to the shop on Brown Street and providing the necessary access, grading, drainage,