Minutes 04/23/1996 - Laserfiche WebLink

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following Resolution: TUESDAY, APRIL 23, 1996 137 WHEREAS, the Honorable George Allen, Governor of the Commonwealth of Virginia, has established new economic development regions in the Commonwealth of Virginia to improve and enhance the ability to market regions of the Commonwealth that have a community of interest; and WHEREAS, the development of these economic regions has pulled together six 'jurisdictions in the South Central part of Virginia, including Halifax, Henry, Patrick, and Pittsylvania Counties and the Cities of Danville and Martinsville; and WHEREAS, the General Assembly of the Commonwealth of Virginia, following the Governor's guidance on economic regions, has provided specific planning and development money for welfare reform in each of the regions to establish a plan for the implementation of welfare reform; and WHEREAS, it is necessary that guidance and leadership be established in developing this plan prior to June 30, 1996, requiring speedy and specific action; now, therefore, BE IT RESOLVED by the Council of the City of Martinsville, Virginia, in regular session assembled April 23, 1996, that it does hereby appoint the City Manager or his designee and the Director of the Martinsville Social Services Department as its representatives on the local government Steering Committee for Welfare Reform in Region 10 and does hereby authorize the Steering Committee to contract for services to develop the required plan from current grant funds. Council considered acceptance of a financing proposal for school bus funding over a five-year lease purchase plan. Mr. Reynolds explained proposals had been received from eight financial institutions, with the Staff recommending an award of the bid to Patrick Henry National Bank, which offered a 4.6% fixed interest rate. In response to a question from Mayor Adams, Mr. Reynolds said he believed the City would be able to make cash purchases of school buses following the expiration of the proposed new five-year lease, due to the projected condition of the fleet at that time. Upon motion, duly seconded and by unanimous vote, Council authorized the City Manager and Director of Finance to execute the appropriate lease documents with Patrick Henry National Bank.