Minutes 04/16/1998 - Laserfiche WebLink

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THURSDAY, APRl~ 16, 1998 WHEREAS, the Piedmont Regional Community Services Board has requested pursuant to Virginia Code 37.1-197.11 the authorization of the City of Martinsville for the purpose of applying for and accepting said loan which may be structured in the form of an industrial development revenue bond; and WHEREAS, the City of Martinsville has determined that it is in the best interests of the Piedmont Regional Community Services Board to apply for and accept a loan through the use of said industrial development revenue bond and to acquire, construct and equip its proposed office facility in Martinsville, Virginia; NOW THEREFORE, be it resolved by the City of Martinsville that: 1. The Piedmont Regional Community Services Board is hereby authorized pursuant to Virginia Code 37.1 - 197.11 to apply for and accept a loan which may be in the form of an industrial development revenue bond in an amount not to exceed $3,000,000 to be issued by the Industrial Development Authority of the City of Martinsville, Virginia for the purpose of acquisition, constmction and equipping of an office building. 2. Nothing herein shall be deemed to obligate the credit or moral obligation of the City of Martinsville to pay for or be responsible for the payment of such loan. 3. This resolution shall take effect immediately. Council Member Haskell asked whether the amount of $68,000 in support needed to be included in the Resolution. Mr. Reynolds stated that this was not necessary, and that the dollar amount of support could be stated in the budget. Vice-Mayor Crabtree then noted that the new building would be a nice addition to the Uptown, and Mr. Reynolds observed that the salaries of the professionals on Mr. Tobin's staff were also of the kind the City needed. Council Member Haskell expressed her appreciation for the work of the agency, but asked them to also look closely at ways to achieve cost reductions. Council recessed the meeting and took a lunch break at this time. Upon resumption of the meeting the first agency to present its budget was the Blue Ridge Regional Library System. Ms. Ellen Bell, Chief Librarian, presented the budget request. Mrs. Bell led off with a discussion of the purposes and uses of libraries, and then elaborated upon the features and assets of the Blue Ridge system, placing special emphasis on the '%Ieritage Collection", their genealogical collection in Bassett, Virginia. Ms.