Minutes 07/25/2000 - Laserfiche WebLink

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July 25, 2000 participate in the Office of Tourism; the motion was duly seconded and carried by the following vote, with all members voting: Vote 5 - 0; Yeas (5) - Crabtree, Dallas, Ferrill, Roop, Teague; Nays (0) - None. John Sanders, of 308 Starling Avenue, stated, "1 would like to talk about economic development or lack of it. You've spent one-half of the reserve already. How long can the City last? What about a raise for the police?" Mayor Crabtree replied, "The financial status is monitored every day, and the budget is balanced. By law, we can't spend more than we have. The City's financial status is sound." Council Member Ferrill stated, "Tultex started small and built up. It just can't be replaced quickly." Council Member Roop stated, "Your concerns are the same as ours. Council wants to increase fund balances and were well on the way of doing that before Tultex's closing." Vice Mayor Teague stated, "We're addressing the police pay issue." Margaret Nichols, Administrator of the Virginia Municipal League Insurance Programs, presented a Resolution to Council for the City's participation in the Group Self Insurance Association since its inception in 1980. Council considered an Ordinance authorizing the issuance of up to $2,700,000 principal amount of a General Obligation Note of the City for the purpose of assisting in improvements to the City Landfill. Leon Towarnicki, Director of Public Works, stated, "There's actually four components of the project: 1 - closing and capping off of seventeen acres; 2 - closing of two acres on the east end; 3 - corrective action of drainage issues; and 4 - grading of a site for a future transfer facility. The total project is approximated at $2.7 million." City Manager Reynolds stated, "The Virginia Resource Authority helps local government with water, sewer, and solid waste disposal projects.