HomeMy WebLinkAbout04-28-868~~~4 April 28, 1986
Minutes of the special meeting of the Pulaski Town Council held April 28, 1986,
at 5:00 p.m. in the Council Chambers in the Municipal Building.
There were present: Mayor Gary C. Hancock, presiding
Councilmembers: John A. Johnston, Robert N. Glenn, James M. Neblett,
C. E. Boyd, Jr., James R. Neighbors, Ira S. Crawford,
Mary Lou Copenhaver, Glen K. Aust.
Also present: Frank Terwilliger, Town Attorney
D. E. McKeever, Town Manager
Anne Burgess, Assistant to the Town Manager
Ruth A. Harrell, Clerk
Visitors: Dee Lindsey and Pierre Thomas of the news media
Rick Pollard
Hiwatha Nicely
Ron Friant
Joyce Harris
Sidney Clower
T. J. McCarthy
Wayne Carpenter
Mr. & Mrs. Bill Smith
8 Hercules employees
The invocation was given by Councilman Boyd.
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WAIVER OF NOTICE OF SPECIAL MEETING
We, the undersigned duly elected members of the Council of the Town of
Pulaski, Virginia, hereby waive notice of a Special Meeting of said Council
at 5:00 p.m. on the 2$th day of April, 19.86, for the purpose of discussing
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the Magnox Project, and any other business that may legally come before
Council.
WITNESS our signatures this 28th day of April, 1986.
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Mayor Hancock advised the purpose of the special meeting was to discuss the
Magnox project and any other business that may legally come before the Council.
Congratulations extended to Councilman Johnston on his 51st birthday.
Councilman Boyd made a motion that Council go into Executive Session under
2.1-344 (A6) of the Code of Virginia on a legal matter and an industrial development
matter, seconded by Councilman Neblett, and carried.
At 5:07 p.m. Council went into Executive Session.
At 7:56 p.m. Council returned to special session on motion made by Council-
man Johnston, seconded by Councilman Boyd and carried.
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Councilman Crawford made a motion that this Council approve, or react
April 28, 1986 8 ~~5
favorably, on making an assignment of our two million dollar UDAG Grant plus interest
as collateral for a loan. There will be certain conditions that we have not had
time to finalize.
One important addition to the motion would be that this pledge could not be called
untill there was a complete liquidation of Hercules. Other conditions will be
rendered in writing. Motion seconded by Councilman Neblett.
It was Council's intent to support the assignment, but vote cannot take place
until it is submitted in writing to be approved in a regular called session. Mr.
Terwilliger advised at this point, it would not be binding on Town Council. The
2.2 million dollars is strictly federal dollars and there is no pledge of the Town's
general faith and credit, and only involves the UDAG grant.
Motion carried on the following recorded vote:
John A. Johnston - Aye James R. Neighbors - Aye
Robert N. Glenn - Aye Ira S. Crawford - Aye
James M. Neblett - Aye Mary Lou Copenhaver -Aye
C. E. Boyd, Jr. - Aye Glen K. Aust - Aye
Mr. Pollard thanked Council for their decision.
At 8:00 p.m., Councilman Neblett made a motion to adjourn, seconded by Councilman
Crawford and carried.
APPROVED:
Mayor
ATTEST:
G' .
Cle k of Council