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TUESDAY, OCTOBER 25, 1988 <br /> <br />in surrounding counties by which, with a Federal "HUD" allotment of <br />$1,000,000.00, approximately forty single-family houses can be built. Mr. <br />Cannaday also stated that, except for downpayment requirements, and noting that <br />land is available, his firm could build and sell 150 houses in Martinsville and <br />adjacent areas. Upon motion by Councilman McClain, duly seconded and <br />unanimously carried, Council directed that the City Administration confer with <br /> <br />Nationwide Homes and with other interested developers and" ..... find out what <br /> <br />we as a City can do" (toward making available more affordable housing with the <br />City). <br /> <br />Inasmuch as, according to Public Works Director Leon E. Towarnicki, some <br />questions need yet to be resolved, consideration of--and action on--a proposed <br />lease agreement with the law firm of Young, Haskins, Mann & Gregory was <br />"tabled" and/or continued. <br /> <br />In receiving a financial report for the period ended September 30, 1988, as <br />prepared by Finance Director Richard D. Fitts, and noting therein (as pointed <br /> <br />out by Councilman Cole) Mr. Fitts' statement that" ..... sometimes our need to <br />report to Council in a timely manner precludes ..... "consistency with regard <br /> <br />to, for example, reporting monthly purchased power costs, Council asked that a <br />report be prepared for Council indicating current requirements as to dates <br />financial reports shall be presented. <br /> <br />In accordance with the requirements of subsections A. 1. and A. 3. of Section <br />2.1-344 of the CODE OF VIRGINIA (1950, and as amended), and upon motion, duly <br />seconded and unanimously carried by a recorded vote, Council convened into an <br />Executive Session for the purposes of (1) considering nominees for appointment/ <br /> <br /> <br />