Minutes 02/27/1968 - Laserfiche WebLink

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') (' /" .....) TUESDAY FEBRUARY 27. 1968 filed April 25, 1967 and denied by Council on May 23, 1967 pursuant to recommendation of the Planning Commission. Mr. Whittle stated that, in re-filing this petition, he is in a position to present additional data in support of his petition which was not available at the time of the initial filing. Council referred this request to the Planning Commission for its consideration and recommendation. ~- Upon being informed of the need for cash funds to finance the City's operation, pending the sale of authorized City Hall-School Building bonds, Council adopted the following resolution authorizing the borrowing of $600,000.00 until April 30, 1968, as follows: WHEREAS, anticipated income of the City of Martinsville during the forthcoming two months (i.e., March and April, 1968), will not be sufficient to meet the City's operating expenses and contractural obligations during said period; now, therefore, BE IT RESOLVED by the Council of the City of Martinsville, Virginia, in regular meeting assembled this twenty-seventh day of February, 1968, that F. T. Renick, M.D., Mayor, and W. H. Yeaman, Clerk of Council, be--and are hereby--authorized and directed to borrow from local banks, for account of the City of Martinsville, a sum not to exceed $600,000.00 (in total), said sum to be due and payable on April 30, 1968. Through Mrs. C. T. Fleenor, Jr., member, and Dr. M. O. Johnson, President, the Martinsville Community Action Agency informed Council that, from informal indications, control of "Office of Economic Opportunity" programs have been--or will be--transferred to the local levels of government and, consequently, will reqllre the filing by local governing bodies of their intentions and plans prior to March 15, 1968 in order to file for Federal funds for such programs and/or projects. The local CAA group also requested a meeting with City Council at the earliest possible date to explore this matter further.