Minutes 09/08/1998 - Laserfiche WebLink

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TUESDAY, SEPTEMBER 8, 1998 what that reflected in terms of the budget practice related to the schools needs. 148 Vice-Mayor Teague stated that these funds were provided in response to the inability to accurately predict the level of revenue support from the State for the school year, and had traditionally been seen as opportunity funds whenever they became available. Council Member Haskell stated that Council had provided the opportunity for use of such funds as an incentive to encourage frugality on the part of the School System throughout the school year, Upon motion by Council Member Dallas, seconded by Council Member Koop, and unanimous vote (5-Ayes--Crabtree, Teague, Dallas, Haskell and Roop; 0-Nayes), authorization of the appropriation of the requested funds was approved. Council next considered the authorization of the Mayor and Vice-Mayor as voting delegate and alternate for the Virginia Municipal League Conference to be held October 4-6, 1998, in Roanoke, Virginia. Upon motion by Council Member Roop, seconded by Council Member Haskell, and unanimous vote (5-Ayes--Crabtree, Teague, Dallas, Haskell and Roop; 0-Nayes), the Mayor and Vice-Mayor were approved as voting delegates. Council next considered a request by Piedmont Trust Bank to affirm the funding sources related to an application to the Federal Home Loan Bank Board in Atlanta to obtain mortgage subsidies for low- income persons wishing to build in the Moss/Barton Redevelopment area of the City. Upon motion by Council Member Haskell, seconded by Council Member Dallas, and unanimous vote (5-Ayes--Crabtree, Teague, Dallas, Haskell and Roop; 0-Nayes), Council authorized City Manager Reynolds to send a copy of a spreadsheet showing the affirmed funding sources as requested. Ms. Gloria Hylton encouraged Council to provide for homes valued at more than $65,000 in this project, so as to provide a greater economic diversity of homeowners in the area. Council Member Dallas stated that there was the hope that homes in the $100,000 range would be built in the development area, but that first priority should be to provide housing and home-owner opportunities for those at a lower income level.