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RESOLUTION NO. 92-23
ENDORSING AND ENCOURAGING PUBLIC SIIPPORT
FOR THE PARRS AND NATURAL RESOURCES STATE BOND ISSIIE
WHEREAS, the Virginia General Assembly has placed a bond issue on
the November 3rd statewide ballot that will provide $95 million for
the renovation, expansion, and protection of parks and natural
resources throughout the Commonwealth; and,
WHEREAS, the general obligation bonds will not change the state's
"AAA" bond rating, which is the highest possible bond rating, and
which is currently enjoyed by only five states in the entire
nation; and,
WHEREAS, even with the issuance of the bonds, Virginia will still
be within conservative debt limits; and,
WHEREAS, just as a corporation borrows to build a new manufacturing
facility or an individual obtains a mortgage to finance the
purchase of a home, the bond issue will be invested entirely in
capital improvements; and none of the bond proceeds will be used
for the operating expenses of state government; and,
• WHEREAS, the bond projects will also create new construction jobs
and will help stimulate the state's economy; and,
WHEREAS, the bond issue includes $190,000 for land acquisition and
construction of the New River Trail, from its current terminus near
the eastern corporate limits of the Town, to the historic Passenger
Station in downtown Pulaski; and,
WHEREAS, the extension of the trail will be a recreational and
economic benefit to the Town and its citizens; and,
WHEREAS, the bond issue also includes over $3 million for improve-
ments at Claytor Lake State Park, including water and sewer
improvements, the upgrade of cabins for year-round use, shoreline
stabilization, the upgrade of the electrical system, visitor center
improvements, and better accessibility for the handicapped.
NOW, THEREFORE, BE IT RESOLVED by the Town Council of the Town of
Pulaski, Virginia, sitting in regular session on October 6, 1992,
that:
SECTION 1. The Town Council does hereby endorse the Parks and
Natural Resources State Bond Issue that will appear on the ballot
on November 3rd and will provide $95 million for the renovation,
expansion, and protection of parks and natural resources throughout
the Commonwealth, including the extension of the New River Trail to
the historic Passenger Station in downtown Pulaski and improvements
at Claytor Lake State Park.
Section 2. The Town Council encourages all Pulaski citizens to
vote on November 3rd and to support the state Parks and Natural
Resources Bond Issue.
Section 3. This resolution is effective upon adoption and is
hereby adopted this 6th day of October, 1992, by recorded vote of
the Town Council of the Town of Pulaski, as follows:
Charles D. Crispin
J. R. Schrader, Jr.
Roy H. D'Ardenne, Jr.
W. H. Schrader, Jr.
Aye Andrew L. Graham
Aye Elbert G. Black,
Ave Alma H. Holston
-fie Robert N. Glenn
TOWN OF PULA5KI,
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Gary Ha:
Aye
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Ru A. Harre , C er o Counci
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