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TUESDAY. SEPTEMBER 24° 1991 <br />Resolution and noted that it would allow City Council to approve several .bond <br /> <br />issues by public hearing which individually did not exceed the 2% cap, but <br /> <br />which taken together may exceed 2% of the assessed valuation of property. <br />Councilman Adams'made a motion to not adopt the Resglution. This motion died <br />for lack of a second. Councilman Adams then made a motion to amend the <br /> <br />Resolution to state that no bonds could be issued without hcL~ing a <br />referendum if the proposed bonds, together with the total amount of <br />outstanding, previously issued bonds, exceeded 2% of the assessed valuatl~n <br /> <br />of real property within the City. This motion also died for lack of a <br />second.. Upon motion, duly seconded and by unanimous vote, Council amended <br />the Resolution to provide that any public hearing held to consider a bond <br />issue pursuant to this Section of the Charter be advertised in all forms of <br /> <br />media within the City of Martinsville--radio, television, and newspaper <br />display advertising (rather than a legal ad). This motion was contingent <br />upon the City Attorney researching this amendment to assure that it would be <br />legal under State law. Upon motion, duly seconded and by unanimous vote, <br />Council amended the Resolution to provide that an Ordinance approv~ng the <br />issuance of bonds after a public hearing may~ not be adopted at the mee-ing at <br />which the public hearing is conducted. Up6n motion, duly seconded and by <br />unanimous .vote, Council (following the advice of the City Attorney) set a <br />public hearing for its October 10, 1991 meeting on the amendments to the <br /> <br />Charter which were recommended at this meeting. <br /> <br />Council acknowledged a report by the Treasurer on the collection of <br />delinquent real estate taxes in which Treasurer Jack Bouldin reported that an <br />effort between his Office and the Office of the City Attorney had resulted in <br />the collection of approximately $160~000 in delinquent real estate taxes <br /> <br />between April 28, 1991 and September 12, 1991. Mr. Bouldin responded to <br />several questions from Council regarding various aspects of the report. City <br /> <br /> <br />