HomeMy WebLinkAbout2002-34• ~ T Resolution 2002-34
. Endorsing the Nine Hundred Million Dollar Educational Facilities Bond Issue
WHEREAS, Virginia's economic growth, prosperity, and quality of life are dependent upon the
Commonwealth's ability to provide high-quality educational opportunities for its citizens; and,
WHEREAS, Virginia voters will have the opportunity to build a better Virginia by approving a
$900 million general obligation bond (GOB) referendum on November 5, 2002, that will pay for
urgently needed upgrades, renovations, modernizations, and new construction on Virginia's
public college and university campuses, and necessary improvements at state museums, historic
sites, and cultural attractions; and,
WHEREAS, more than $159 million in projects are included that will benefit each of the 23
community colleges located on 40 campuses in every corner of the Commonwealth and
strengthen their efforts to provide the essential workforce training and retraining required for
high-tech, high-paying jobs in the information-age economy of the 21st Century; and,
WHEREAS, these projects will provide adequate and modem facilities in which Virginia's
citizens can continue to have access to life-changing opportunities to better themselves through
quality higher education programs that are affordable and close to home; and,
WHEREAS, the projects bring new campuses, new classrooms and labs, modern heating and air
conditioning systems, renovated buildings and updated handicapped accessibility to Virginia's
community college campuses; and,
WHEREAS, every public four-year college, university, and community college in every region
• of Virginia will benefit from the 122 projects paid for by the education bond referendum; and
WHEREAS, passage of this bond package is projected to generate more than $1.5 billion in
near-term economic activity by 2008, and create almost 14,000 new jobs; and
WHEREAS, passage of this referendum will not increase taxes, and will not affect Virginia's
coveted "AAA" bond rating because passage will still leave the Commonwealth with ample
capacity to repay debt.
NOW, THEREFORE, BE IT RESOLVED, that the Town Council of the Town of Pulaski,
Virginia endorses the $900 million educational facilities bond issue.
This Resolution is adopted by recorded vote of the Town Council of the Town of Pulaski,
Virginia, on this 1St day of October, 2002 as follows:
Jeffrey S. Worrell -Aye
Kenneth M. Fleenor -Aye
E. G. Black, Jr. -Aye
Pauline G. Mitchell -Aye
• Attes .
Patricia Cruise, Clerk of Council
Bettye H. Steger -Aye
John T. Bolen -Aye
James M. Neblett, Jr. -Aye
TOWN OF PiJLASKI, VIRGINIA
Charles W. Stewart, Jr., Mayor