Minutes 06/26/1990 - Laserfiche WebLink

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TUESDAY, JUNE~2'6. 1990 (apprOved, at the April 10, 1990 Council meeting) had been approved by the State. In response to a question by Councilman Groden, Mr. Bill. Lester,~ Director of Facilities. for the -School System, explained that the asbestos abatement at the Junior High School is a mandatory. project. Upon motion, duly seconded, and by unanimous vote, Council approved the following resolution: WHEREAS, at a meeting of the City Council for the City of Martinsville, Virginia, held in said City on the 26th day of June, 1990; and WHEREAS, the School Board for the City of Martinsville presented to this Council an application addressed~tothe State Board of Education of Virginia for the purpose of borrowing from the Literary Fund $253,306 for the purpose of asbestos abatement, 30 Cleveland Avenue, to be paid in 20 annual installments, and the interest thereon at 3 per cent paid annually; now, therefore, BE IT RESOLVED that the application of the City School Board to the State Board of Education of Virginia for a loan of $253,306 from the Literary 'Fund_ is hereby approved, and authority is hereby granted the said City School Board to borrow the amount for the purpose set out in said application; and BE IT FURTHER RESOLVED that the Council of the City of Martinsville will each year during the life of this loan, at the time they fix the regular levies, fix a rate of levy 'for schools or make a cash appropriation sufficient for operation expenses and to pay this loan in annual installments and the interest thereon, as'required by law regulating loans from the Literary Fund.-. ~=!. Upon motion, duly seconded and by unanimous vote, Council approved the following resolution supporting House Biilv 751, "State Payments for State Mandates Act": WHEREAS, cities and counties in Virginia are subjectto increasing mandates and regulations imposed by the Commonwealth; and ~.~ . .~.. ~.~.,.~,.