HomeMy WebLinkAbout05-23-7456'7
Minutes of a special meeting of the Pulaski Town Council
held May 23, 1974 at 1:00 P. M. in the Council Chambers in the
Municipal Building.
There were present: Mayor C. Robert Edens, presiding.
Councilmen: Mason A. Vaughan, Andrew L. Graham, S. G. Frye,
William A. House, Raymond F. Ratcliff, J. L.
Congrove
Absent: Councilmen Aust and Meadaws
Also present: Town Manager: J. E. Marshall
Clerk: Gladys R. Dalton
Town Attorney: Garnett S. Moore
Visitors: Members of the Press and Radio Stations
The Invocation was given by Councilman House.
a
WAIVER OF NOTICE OF SPECIAL MEETING
We, the undersigned, duly elected members of the Council of the
Town of Pulaski, hereby waive notice of a Special Meeting of said Council
at 1:00 P. M. on the 23rd day of May,. 1974, called by Mayor C. Robert
an Ordinance
Edens for the purpose of considering the adoption of ~~escrhzt-~cm for
short-term borrowing for the Street Up-grading Program; and any other
items that may legally be broug~at before the Council.
WITNESS our` signatures this 23rd day of May, 1974.
~VCJ
ASSESSMENT OF
TAXABLE PROPERTY
8fay 23, 1974
Mayor Edens advised that the purpose of the special meeting
was to consider the adoption of an ordinance for short-term
borrowing for the street up-grading program, and any other
items that may legally come bef ore the Council.
Town Attorney Moore presented to Council a certificate
of Town Treasurer J. L. Patterson indicating the assessed valuat-
ion of the taxable property of the Town of Pulaski, and the
outstanding bonds or interest-bearing obligations of the
Town, as of the 21st day of May, 1974, and said certificate
was filed and made a part of said minutes, as follows:
TO THE COUNCIL 'OF THE TOWN OF PULASKI, VIRGINIA:
I, J. Lloyd Patterson, the undersigned, Treasurer
of the Town of Pulaski, Virginia, do certify to the Council
as follows:
The assessed valuation of the Taxable Property in the
Town of Pulaski, subject,to taxation as shown by the last
preceding assessment for taxes is as follows:
Assessment on Real Estate
Assessment on Public Utility
Property
Assessment on Personal Property
Assessment on Personal Froperty
(Machinery and Tools)
TOTAL DF ALL ASSESSED PROPERTY
$ 9,241,010.00
1,401,990.00
1,515,750.00
1,363,180.00
$13,521,930.00
That the outstanding bonds or interest-bearing obliga-
tions for any purpose whatsoever of the Town of Pulaski,
Virginia, on March 7, 1974, were as follows:
Sewer Bonds (7/1/58) (Revenue) $ 627,000.00
Water Bonds (7/1/58) (Revenue) 457,000.00
Total $ 1,084,000.00
The of oresaid 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.
Given under my hand this 21st day of May, 1974.
/s/ J. LLiOYD PATTERS'ON, Treasurer
Town of Pulaski, Virginia
Town Attorney Moore presented and read to Council an
Ordinance authorizing the issuance of negotiable notes of the Town
of Pulaski, in the total amount of $200,000.00, in anticipation
of the issuance and sale of bonds for the street paving project.'
Councilman Vaughan moved the adoption of the ordinance, which
motion was seconded by Councilman Frye, and carried on the following
May 23, 1974
recorded vote:
Mason A. Vaughan - aye
Andrew L. Graham - aye
Arthur L. Meadows - absent
S. G. Frye - aye
Glen K. Aust -
William A. House -
Raymond F. Ratcliff-
J. L. Congrove -
AN ORDINANCE AUTHORIZING THE ISSUANCE"OF
NEGOTIABLE NOTES OF THE TOWN OF PULASKI, VIRGINIA,
IN THE TOTAL AMOUNT OF $200,000.00, IN ANTICIPATION
OF THE ISSUANCE AND SALE OF BONDS FDR THE STREET
PAVING PROJECT
WHEREAS, the Town of Pulaski, Virginia, needs funds
to pay Pendleton Construction Corporation on its paving
contract with the Town in anticipation of the issuance
and sale of bonds heretof ore approved by Referendum on
the 27th day of November, 1973, for payment of said
ORDINANCE project; and
AUTHORIZING THE
ISSUANCE OF WHEREAS, the Virginia National Bank and the Bank of
NEGOTIABLE Virginia have agreed to loan the Town of Pulaski, Virginia,
NOTES in anticipation of the issuance and sale of bonds, a sum
not to exceed $750,000.00, at an interest rate of five per
cent (57) per annum, the Virginia National Bank to Loan
$375,000.00 thereof, and the Bank of Virginia to loan
$375,000.00 thereof; with interest on said loans payable
semi-annually; and
569
absent'.
aye
aye
aye
WHEREAS, the Town of Pulaski, Virginia, needs to
borrow for the present the sum of $200,000.00 in order to
provide funds for payment now due on the paving contract,
or which will become due in the immediate future; and
WHEREAS, the Treasurer of the Town of Pulaski has
filed with Council a certificate showing the total assessed
value of all taxable property in the Town and the indebtedness
of the Town of Pulaski to be as follows
Assessment on Real Estate $ 9,241,010.00
Assessment on Public Utility Property 1,401,990.00
Assessment on Personal Property 1,515,750.00
Assessment on Personal Property .
(Machinery and Tools) 1,363,180.00
TOTAL OF ALL ASSESSED PROPERTY $13,521,930.00
The outstanding bonds or other interest-bearing.
obligations for any purpose of the Town of Pulaski, Virginia,
on March 7, 1974, were as follows:
Sewer Bonds (7/1/58) (Revenue) $ 627,000.00
Water Bonds (7/1/58) (Revenue) 457,000.00
Total $ 1,084,000.00
all of which are self-liquidating; a copy of said certificate
of the Treasurer is incorporated herein and made a part of
this ordinance; and
WHEREAS, the present issuance of the negotiable notes
totaling $200,000.00 together with all other existing indebted-
ness for any purpose, will not exceed eighteen per cent (18q,)
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 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
55`0
May 23, 1974
WHEREAS, this loan and this ordinance are made
under the authority of and in compliance with the provisions
of .Article VII, Section l0 of the, Constitution of Virginia,
Section 15.1-223 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, that:
(1) The Town of Pulaski, Virginia, borrow a sum
of money not to exceed, $200;000.00 and duly issue its
negotiable promissory notes in evidence thereof, one note
in the amount of $100,000.00 payable to the order of Virginia
National Bank, at said Bank in Pulaski, Virginia, bearing
interest from date said ,note is executed at the rate of five
(5%) per cent per annum, said interest to be paid semi-annually,
the principal of said not e: to be,paid within twenty-f our (24)
months from the date- of said note; with right of anticipation
reserved; and one note in the amount of $100,000.00 payable
to the order of Bank of Virginia, at said Bank in Pulaski,
Virginia, bearing interest from date said note is executed
at the rate of five (5%) per cent per annum, said interest to
be paid semi-annually, and the principal of said note to be
paid within twenty-f our d24) months from the date thereof, with
right of anticipation reserved; said notes to be issued under
authority of and in full compliance with the Constitution,the
statutes of the Commonwealth-of ~Virginia, and the Charter of
the Town of Pulaski, Virginia.
(2) On behalf of the Town, the notes shall be signed
by the Mayor and Treasurer of said Town .and attested by the
Clerk, with the corporate seal of the Town of Pulaski,
Vir ginia, affixed thereto.
(3) The full faith, c~'edit, 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 or prior to maturity.
Town Attorney Moore also reported that at the May 21st
meeting, Mr. T. J. McCarthy, Jr. had presented a petition on behalf
of his client, Mrs. Anne English, together with Notice of Publication,
and asked that a certain portion of English Forest Road lying within
RESOLUTION the Town of Pulaski, Virginia, and bounded on either side by
NAMING VIEWERS
RE; THE PORTION Property owned by the Petitioner, be closed. Mr. Moore presented
OF ENGLISH
FOREST ROAD a Resolution to Council for its consideration, and in said Resolution
Council named Dan C. Bell, Edward L. Barr, and W. Marvin Board as
Viewers, with Curtis C. Jordan, as Alternate, and set the 18th day
of June, 1974 for a public hearing in this matter. Councilman
Vaughan moved the adoption of said Resolution, which motion was
seconded by Councilman Congrove, and carried.
i~
L~
May 23, 1974
RESOLUTION
BE IT RESOLVED BY THE COUNCIL OF THE TOWN OF
PULASKI, VIRGINIA, meeting in Special Session on the
23rd day of May, L974, as follows:
5~~i
WHEREAS, a petition and application to close that
certain portion of English Forest. Road lying within the
Town of Pulaski, Virginia, and bounded on either side by.
property owned by Petitioner (Anne A. English) which street
is described as follows:
That portion of English Forest Road as shown
RESOLUTION on a plat entitled "Plat cf English Forest Subdivision"
NAMING THE dated October 20, 1953, and recorded in the Pulaski
VIEWERS RE: County Circuit Court Clerk's Dffice in Plat Book 2,
THE PORTION OF page 132. BEGINNING at the. northeastern corner of Lot
ENGLISH FOREST 3 of said subdivision and running South 25 degs. 30' East
ROAD 50 .feet to the northwestern corner of Lot 4 in said
subdivision; thence South 64 degs. 52' East 107 feet
to a point at the west boundary of,said Lot 4; thence with
a curve radius of which is 20 feet, the tangent of which is
20.2 feet to the point in the southern boundary of said
Lot 4, which point is 46 feet from the southern corner of
the property owned by Harry Loftus; thence South 24degs.
~~ 32' East 70,feet., more or less, to,a point in the eastern
boundary of'Lot 2. in said subdivision; thence with the
eastern boundary of Lot 2, 25 feet, more or less, to a
point, the southern boundary of Lot 3 in said subdivision;
thence with the eastern boundary of Lot 3, North 64 degs..
52' East 100 feet to the point of EEGINNING.
WHEREAS, it appears that proper notice as required by
statute has been posted'in at least two public places in the
Town of Pulaski, and also at the Courthouse of the Circuit Court.
of Pulaski County, Virginia, on the 26th day of April, 1974, and
at least ten (10) days have expired since the said posting; and
WHEREAS, the council of said Town, upon viewing the
petition filed herein, finds it to be in proper order and
directs it to be received and filed, and further directs that
the viewers hereinafter appointed, view the described portion of
English Forest Road and that alI other steps necessary be
followed to bring this matter properly bef ore the Council for
its final consideration;
NOW, THEREFORE, BE IT RESOLVED, that:
(1) The application be received and filed.
(2) Viewers be appointed as follows:
1. Dan C. Bell
2. Edward L. Barr
3. W. Marvin Board
Alternate:
1. Curtis C. Jordan
(3) Such viewers shall meet and report in writing
whether in their opinion any, and if any, what inconvenience
would result from the vacation and closing of the portion of
the street as requested in the said petition.
~~~~ May 23, 1974
(4) That the Clerk of Council give public
notice by publication of same in The Southwest Times,
a local newspaper, once a week for two consecutive
weeks, and that said notice describe the said portion
of street and set out therein that the Town may vacate and
close the same, and that on the 18th day of June, 1974,
at the Town's Council regular meeting be fixed as a date
upon which the said Council will hold a public hearing
upon said matter pending before it, and that all persons
interested may be heard either for or against any or all of
said petition under consideration.
(5) That the Mayor and Attorney for said Town do any
and all other things necessary for the proper determination
of this matter.
There being no further business of Council, Councilman
Vaughan moved that the meeting be adjourned at 1:15 P. M. The
motion was seconded by Councilman Graham, and carried.
APPROVED:
~ ~ ~~~ yY ,~~~~
Mayor Edens
ATTEST
Clerk of ouncil