Minutes 02/09/1993 - Laserfiche WebLink

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TUESDAY, FEBRUARY 9, 1993 investment of City funds. The report noted that over $53,000 had been transferred from the Industrial Development Authority's checking account to a reserve account in the General Fund. City Manager Reynolds explained that the funds resulted from administrative fees which are cha'rged to entities which have outstanding IDA bond issues. Mr. Reynolds stated that the fees had not been billed to issuers for several years and that the majority of fees had been received in the last year. Mayor McClain asked the City staff to determine what the ongoing, annual revenue resulting from this source will be. In items not on the agenda, the following matters were discussed: (1) Councilman Oakes announced that several members of Council and the City Manager would be attending the Virginia Municipal League/Virginia Association of Counties Legislative Day in Richmond on February 11, 1993 and asked for input from the Manager and Council on issues which should be discussed with area legislators during that time; (2) Vice- Mayor Adams asked that the City Manager consider enhancements in the area of non-organized recreational activities in the City Parks in the upcoming budget process; (3) Councilman Williams noted that he had received complaints from citizens regarding a malfunctioning pedestrian traffic signal at the intersection of Oakdale and Church Streets; (4) Councilman Williams asked that the City Recreation Division explore sponsoring a City-wide "double dutch" program; (5) in response to a question by Councilman Williams, Mr. Reynolds stated that he had nothing new to report on the cat ordinance issue, which was raised at the January 26, 1993 Council meeting by Estelle Gilbert; and (6) Thelma Pinkard, 208 Park Street, asked that consideration be given to building additional shelters at Southside Park.