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HomeMy WebLinkAbout01-26-7861~'~ Minutes of a Special Meeting of the Pulaski Town Council held January 26, 19'x'8 at 5:00 P.oM. in the Council Chambers in the Municipal Building. There were present: Mayor Raymond F. Ratcliff, presiding. Councilmen: James~M. Neblett, Jr., Arthur L. Meadows, William A. House, Andrew L. Graham, Jr., Bob J. Clark, John A. Johnston, Blair B. Brockmeyer, C. William Hickam, Jr. Also present: Town Manager: J. E. Marshall Clerk: Gladys R. Dalton Town Attorney: Garnett S. Moore Town Treasurer: Roger A. Williams Visitors: J. R. Schrader, The Southwest Times The invocation was given by Councilman Brockmeyer. Mayor Ratcliff staffed the purpose of the special meeting was for the Council to consider the adoption of a Resolution to extend the two SPECIAL loans with the Bank of Virginia-Southwest, and Virginia National Bank, Pulaski, MEETING dated December 28, 1977, in the amount of $37,500 each, date of maturity thirty (30) days after date, and any other items that may legally be AND brought before the Council. 1 W[~ I(rER WAIVER OF NOTICE OF SPECIAL MEETING We, the undersigned, duly 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 26th day of January, 1978, for the purpose of consider- ing a Resolution to extend the two loans with the Bank of Virginia-Southwest and Virginia National Bank, Pulaski, dated December 28, 1977, in the amount of $37,500 each, date of maturity thirty (30) days after date; and any other items that may legally be brought bef ore the Council. WITNESS out signatures this 26th day of January, 1978. - •---- _ ~ 1 ~ ~~-~ ,~<< ~~ ~ ,. J {I~' 618 January 26, 1978 Town Attorney Moore certified to the Council in a written opinion that the ordinance,adop~ed by the Council of the Town of Pulaski, Virginia, on the 26th day of January, 1978, authorizing and approving the extension of the time for payment OPINION of the loan of Seventy-five Thousand Dollars ($75,000.00): $37,500.00 thereof from the Virginia National Bank, Pulaski, OF Virginia, and $37,500.00 thereof from Bank of Virginia, Southwest, TOWN ATTORNEY for a period of sixty (60) days from January 28, 1978, the date of ~- c: said notes evidencing said indebtedness were due and payable, is MOORE a valid ordinance and a valid exercise of the Town's authority for making loans under the provisions of its Charter and the general laws of the State of Virginia, and particularly under Section 15.1-222 and other applicable sections of Chapter 5 of Title 15.1 of the Code of Virginia of 1950, as amended; and that the existing general obligation indebtedness of the Town of Pulaski, including the loan of $75,000.00 to be extended under the ordinance adopted on January 26, 1978, will theref ore not exceed the 18% of the value of the real estate in the Town of Pulaski, Virginia, subject to taxation, the limitation of Article VII, Section 10 of the Constitution of Virginia or any statutes of the Commonwealth of Virginia. FINANCIAL STATEMENT I, Roger A. Williams, the undersigned, Treasurer of the Town of Pulaski, Virginia, do certify to the Council as follows: FINANCIAL The assessed valuation of the Real Estate in the Town of Pulaski, subject to taxation as shown by the last preceding assess- REPORT OF ment for taxes is $10,779,320.00. TREAS. WILLIAMS The assessment on Public Utility Property in the Town is $1,313,713.000. The assessment on Personal Property is $2,458,435.00. The assessment,on personal property classified as Machinery and Tools is $1,494,270.00. The total of all assessed property is $16,045,738.00. That the outstanding bonds or interest bearing obliga- tions for any purpose whatsoever of the Town of Pulaski, Virginia, on January 26, 1978, were as follows: Street Bonds (9/1/74) General 'Obligation $ 430,000.00 Sewer Bonds (7/1/58) Revenue 432,000.00 Water Bonds (7/1/58) Revenue 257,000.00 $1,119,000.00 The aforesaid inf ormation concerning evaluation of property is that which was submitted to the Town of Pulaski, Virginia, by the Commissioner of Revenue of the County of Pulaski, Virginia.. Tanuary 26, 1978 Town Attorney Moore read to Council an ordinance authorizing a sixty-day extension of two negotiable notes of the Town of Pulaski, dated December 28, 1977, in the total amount of $75,000.00, payable on January 27, 1978, for General Operation Funds and payment of certain current and general indebtedness. as read by T w n-Attorney Moore be Councilman Neblett, and carried o: C. William Hickam, Jr. Andrew L. Graham, Jr. Blair B. Brockmeyer ADOPTION OF John A. Johnston Councilman House moved.'the ordinance adopted. Motion was seconded by a the following vote: - aye William A. House - aye - aye Bob J. Clark - aye - aye Arthur L. Meadows - aye - aye James M. Neblett,Jr.- aye ORDINANCE AN ORDINANCE AUTHORIZING A SIXTY-DAY EXTENSION OF TWO NEGOTIABLE NOTES L7F THE TOWN OF PULASKI, RE: EXTENSION VIRGINIA, DATED DECEMBER 28;1977, IN THE TOTAL AMOUNT OF $75,000.00 PAYABLE 'ON JANUARY 27, 1978, OF LOANS WITH FOR GENERAL OPERATION FUNDS AND PAYMENT ~F CERTAIN CURRENT AND GENERAL INDEBTEDNESS LOCAL BANKS WHEREAS, the Town of Pulaski, Virginia, did on December 28, $37,500 1977, need additional funds for its daily operation and for payment on indebtedness upon which it is obligated for payment of certain sums of -EACH capital improvements; and WHEREAS. the Town of Fulasi~i, Virginia, did borrow on December 28, 1977, the sum of $37,500.00 from Virginia Nationak Bank, and a like amount from the Bank of Virginia - Southwest, at the annual interest rate of four (4%) per cent, and did issue a note to each bank in the sum of $37,500.00 payable on January 27, 1978; and WHEREAS, the Town determines that it does not have available sufficient unobligated funds to pay the two of oresaid notes on January 27, 1978, and desires to extend the payment thereof for an additional sixty days until March 29, 1978, and both the Virginia National Bank and the Bank of Virginia, Southwest, are willing to extend the notes at the same rate of four (4%) per cent interest per annum for said sixty days, with accrued interest to be paid at the end of each thirty days; and WHEREAS the Treasurer of the Town of Pulaski has filed with Council a certificate showing the total assessed value of all property in the Town of Pulaski on January 26, 1978, to be $16,045,738.00; that the assessed valuation of the Real Estate in the Town of Pulaski, Virginia, subject to taxation is $10,779,320.00; that the assessed valuation of personal property is $2,458,435.00; that the assessment on personal property classified as machinery is $1,494,270.00; that the assessment on public utility properties within the Town of Pulaski is $1,313,713.00; and that the outstanding bonds or other interest- bearing obligations for any purpose of the Town of Pulaski, Virginia, on January 26, 1978, were as follows: Sewer Bonds (Gen. Oblig.) (9/1/74) $ 430,000.00 Sewer Bonds (Revenue) (7/1/58) 432,000.00 Water Bonds (Revenue) (7/1/58) 257,000.00 $1,119,000.00 6139 That sewer and water bonds portion of the indebtedness are self-_ liquidating; a copy of said certificate of the Treasurer being incorporated herein and made a part of this ordinance; and 6~4® January 26, 1978 ORDINANCE WHEREAS the original loan, and this extension thereof, authorized by this ordinance is made under the authority of and in CONTINUED compliance with the provisions of Article VII, Section 10 of the Constitution of Virginia, and Section 15.1-222 of the Code of Virginia of 1950, as amended, and the Charter of the Town of Pulaski, Virginia. NOW, THEREFORE, BE IT ORDAINED by the Council of the Town of Pulaski, Virginia, meeting in a Special called Session at 5:00 o'clock P. M. on the 26th day of January, 1978, that: (2) The accrued interest due on the aforesaid notes on January 28, 1978, be, and the payment thereof is hereby authorized to be paid when due on January 28, 1978, and thereafter the accrued interest on said notes to be paid at the end of each thirty-day period until said notes and interest are fully paid. WHEREAS, the issuance of two negotiable notes, each in the sum of $37,500.00 for a total of $75,000.00, together with all other existing indebtedness for any purpose, will not exceed eighteen per cent (18%) of the assessed valuation of the real estate in the Town of Pulaski subject to taxation as shown by the last preceding assessment for taxes, and the general obligation indebtedness of the Town of Pulaski will theref ore not exceed the limitation provided in Article VII, Section 10 of the Constitution of Virginia, or the statutes of the Commonwealth of Virginia; and (1) The Town of Pulaski, Virginia, be and it is hereby, authorized to extend for a period of sixty (60) days until March 29, 1978, the two negotiable promissory notes, each in the amount of $37,500.00, duly issued, executed and dated on December 28, 1977, one payable to the order of Virginia National Bank and one to the Bank of Virginia, Southwest,. with interest at the rate of four (4%) per cent per annum, with the right of anticipation reserved on said notes. The original notes and the extension thereof are authorized under authority and in full compliance with the Constitution and the statutes of the Commonwealth of Virginia and the Charter of the Town of Pulaski, Virginia. (3) On the Town's behalf, new notes or such other agree- ment as the Banks may require for the sixty-day extension of the said notes shall be signed by the Mayor and Treasurer of said Town and attested by the Clerk, with the corpor~.te seal of the Town of Pulaski, Virginia, affixed thereto, if required. (4) The .full faith, credit and resources of the said Town of Pulaski, Virginia, and of this Council as such be, and the same are hereby irrevocably pledged for the punctual payment of the interest and principal of said notes at maturity. i Councilman Neblett moved that the following items be placed ITEMS PLACED ON AGENDA FOR on the agenda for immediate consideration by the Council: (1) Applica- tion for a license to operate a Pawn Shop. (2) A Resolution involving the Innovation Grants Program authorized by Section 107 (2) (4) of the Housing and Community Development Act of 1974, which provides for direct grants to local units of government for innovative projects, and involves the IMMEDIATE application for the "Dalton Theatre-Renaissance". (3) Consider the CONSIDERATION acceptance of three (3) Easement for land for the construction of water and sewer lines. (4) Consider the reimbursement of funds for the payment of Snow Removal. Motion was seconded by Councilman Clark, and carried. January 26, 1978 ~614~1 Town Manager Marshall reported that an application from John M. Miles had been received to operate a Pawn Shop at 27 East Main Street, and it is indicated in the Business License Code that these will be approved by the Council and a license issued by the Town Treasurer. Town Attorney Moore suggested that this part of the license code, Section 46, should be referred to the Ordinance Committee for study. APPROVAL Councilman House moved that the pending application for a license OF PAWN to o erate a Pawn Sho be a SHOP p P pproved, and that Section 46 of the License LICENSE Code be referred to the Ordinance Committee for study. Motion was seconded & SECTION 46 REF. TO by Councilman Brockmeyer, and carried on the following vote: ORD. COMM. la nu CTTTTV C. William Hickam, Jr. - aye Andrew L. Graham, Jr. - aye Blair B. Brockmeyer - aye John A. Johnston - aye William A. House - aye Bob J. Clark - aye Arthur L. Meadows - aye James M. Neblett,Jr. - aye Town Manager Marshall advised that under the Innovative Grants Program authorized by Section 107 (a) (4) of the Housing and Community Development Act of 1974, direct grants to local units of government for innovative projects are now available. Mr. Marshall stated it is possible for the Town of Pulaski to make application to the Department of Housing and Urban Development for funding in the Dalton Theatre Restoration pro- ject. Town Manager Marshall presented and read to the Council a Resolution authorizing the Town Manager, or his authorized representative, to file an application to HUD for said Grant . Councilman Neblett moved that the RESOLUTION _ F OR HUD FUNI~Sesolution, as read, be adopted. Motion was seconded by Councilman House FOR , RENOVATION and carried on the following vote: DALTON THEATRE C. William HickaTn, Jr. - aye William A. House - aye Andrew L. Graham, Jr. - aye Bob J. Clark - aye Blair B. Brockmeyer - aye Arthur L. Meadows - aye John A. Johnston - aye James M. Neblett, Jr. - aye RES~LUTI'O~I WHEREAS, the Innovative Grants Program authorized by Section 107 (a) (4) of the Housing and Community Development Act of 1974 provides for direct grants to local units of government for innovative projects; and WHEREAS, the Town Counc il of the Town of Pulaski, Virginia, is desirous of filing an application for the "Dalton Theatre Renaissance" which includes purchase and renovation of said Dalton Theatre. NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE TOWN OF PULASKI, VIRGINIA, meeting in Special Session on the 26th day of January, 1978, that the Town Manager or his authorized representative is hereby authorized to file an application for said Grant. 6142 January 26, 1978 Councilman Brockmeyer left the meeting at this point. NO PUBLIC FUNDS Councilman Graham moved that Council go on record that they RE: DALTON will not spend any public funds of the Town of Pulaski on this THEATRE restoration project., Motion was seconded by Councilman House, and PROJECT carried on the following vote: C., William Hickam, Jr. - No. William A. House - aye Andrew L. Graham, Jr. - aye Bob J. Clark - aye Blair B. Brockmeyer - absent Arthur L. Meadows - aye John A. Johnston - aye James M. Neblett,Jr.-aye Town Attorney Moore reported that easements had been secured from property owners for a sewer line on Holly Street, and also a sewer line that would serve Crestline Drive and a portion of Washington Avenue. Mr. Moore presented and read to Council a Resolution accepting the easements and directing the Mayor and Clerk to sign the same. Councilman Graham moved the Resolution be adopted. Motion was seconded by Councilman Meadows, and carried on the f ollow- ing vote: C. William Hickam, Jr. - aye William A. House - aye Andrew L. Graham, Jr - aye Bob J. Clark - aye Blair B.~Brockmeyer - absent Arthur L. Meadows - aye John A. Johnston - aye James M. Neblett,Jr.-aye RESOLUTION ACCEPTING RESOLUTION BE IT RESOLVED BY THE COUNCIL OF THE TOWN OF PULASKI, EASEMENTS VIRGINIA, meeting in Special Session on this the 26th day of January, 1978, that: FOR SEWER Those certain three easements for sewer lines to be con- structed by the Town of Fulaski, Virginia, on Crestline Drive, Washington Avenue, and Holly Street, namely, the easements from: LINES 1. Elizabeth Adams Carter to the Town of Fulaski, Va. 2. Quarto, Inc., Earl D. Southern and Maigie N. Southern, his wif e; Elmer L. Combs and Alma V. Combs, his wife; Daisy D. Riggins, divorced; Stanley Warden and Dorothy Warden, his wife, to the Town of Pulaski, Virginia. 3. Charles G. Hamilton and Beverly L. Hamilton, his wife; Ola Mae. Owens Overstreet and Frank L. Overstreet, her husband; Harry L. Owens, Jr. and Bonnie G. Owens,. his wife; and Octavia B. Owens, widow, to the Town of Pulaski, Virginia. be received and accepted by the Town and that the Mayor, on the part of the Town, be authorized to sign said easements, and the Clerk to attest same and affix the seal of the Town thereto. Councilman House, Chairman of the Finance Committee, $15,000 APPROPR. reported an appropriation was necessary for snow removal expense, FROM REV. SH. FUNDS FOR and moved that the amount of $15,000.00 be appropriated from Revenue SNOW REMOVAL Sharing Funds to Revenue Sharing Expenditure Account ~~4064 (Snow January 26, 1978 Removal). Motion was seconded by Councilman Clark, and carried on the following vote: I l C. William,Hickam, Jr. - aye William A. House - aye Andrew L. Graham, Jr. - aye Bob J. Clark - aye Blair B. Brockmeyer - absent Arthur L. Meadows - aye John A. Johnston - aye James M. Neblett,Jr.-aye Councilman House moved that the Town Treasurer be authorized to reimburse the General Fund for actual expenditures previously appropriated from Revenue Sharing Funds in the amount of $14,256.87 GENERAL covering payroll expenses for snow removal. Motion was seconded by FUND TO BE RE- Councilman Graham, and carried on the f oliowing vote: IMBURSED C. William Hickam, Jr. - aye William A. House - aye Andrew L. Graham, Jr. - aye Bob J. Clark - aye Blair B. Brockmeyer - absent Arthur L. Meadows - aye John A. Johnston - aye James M. Neblett, Jr.-aye At 5:40 P. M. Councilman Graham moved that Council adjourn. 6143 Motion was seconded by Councilman Clark, and carried. 1 l APPR10VED: -'7 -~/ ~` , ~ d Mayor at liff ~ ~ ATTEST: Clerk of, Council