HomeMy WebLinkAbout2009-24RESOLUTION 2009-24
RESOLUTION IN SUPPORT OF AMENDMENT AND REENACTMENT
OF CODE §15.2-6415 RELATING TO THE
VIRGINIA REGIONAL INDUSTRIAL FACILITIES ACT
WHEREAS, the Board of Directors of the Virginia's First Regional Industrial Authority
has determined that an amendment to §15.2-6415 as relates to~the Virginia Regional
Industrial Facilities Act is necessary to facilitate the orderly withdrawal of individual
members from the Authority; and
WHEREAS, the Board has submitted to Authority members for review and comment a
proposed amendment setting forth conditions and procedures for individual members to
withdraw from the authority; and,
WHEREAS, the Town Council of the Town of Pulaski, Virginia reviewed the proposed
amendments at its regular meeting on November 3, 2009;
NOW, THEREFORE be it RESOLVED b~r the Town Council of the Town of Pulaski
Virginia, sitting in regular session this 17t day of November 2009, that the suggested
amendment and reenactment of Code of Virginia §15.2-6415 as shown in Attachment
A, affixed hereto and expressly made part of this resolution, is hereby approved for
submission to the region's legislators for introduction to the upcoming session of the
Virginia General Assembly.
This resolution is effective upon adoption and is hereby adopted this 17th day of
November 2009 by the duly recorded vote of the Town Council of Pulaski, Virginia as
follows:
David L. Clark - Aye
Larry G. Clevinger, II - Aye
H.M. Kidd - Aye
ATTEST:
Joel B. Burchett, Jr. - Aye
Robert A. Bopp - Aye
Morgan P. Welker - Aye
THE TOWN OF PULASKI, VIRGINIA
BY:
ey S. Worrell, Mayor
~ /' .
,c.c,_.. ( !1 c u ~
Patricia Cruise, Clerk of Council
ATTACHMENT A
RESOLUTION 2009-24
Be it enacted by the General Assembly of Virginia;
1. Tliat ~+ l 5.2-G415 of the Code of Virginia is amended and reenacted as follows:
§ 15.2-6415. Dissolution of authority; withdrawal of la:ality.
A member locality of an authority may, with the ma, jority approval of aXl other members of sr~ch
authority, withdraw from the authority only (i) upon dissolution of the authority as set forth
herein, or (ii) upnn a resolutiun adopted by the governing body of a member locadity and a~ter
satisfactton of such member locali~y's legal obligations, includdng repaynzent of itr portion of any
deht irrcurrec~ with regard to the authority, or a, fter making contractucrl provisions for the
repayment of its portion of any debt incurred, with regard to the authority, crs well as pledging t~
pay general dues for operation of the authority for two years following the e„Q`ective date of
withdrawal. No member seeking withdrawul shall retair~ wilhout the conrent of w mcr~ority of the
remaining n:embers, a~ry rights to contributions made by such member, to any property held by
such authority nr ta any revenue sharing as allowed by 1 S_ 2- 64U6 and 13. 2-6407 . Upon
wilhcirawal, the withdrawing memher shall also return to the authority any dues or other
contributions refunded to such member during its memhership in the authority. Whenever the
board determines that the purpose for which the authority was created has been substautially
fulfilled or is impracti,ca( or impossible to accomplish and that all obligations incurred by the
authority have been paid or that cash or a suf~cient amount of United States govemment
securities has been deposited for their pa.yment, or provisions satisfactory for the timely pay~vern
of all its outstandin~ obligations have been arr~ged, the board may adppt resolutions declating
and finding that the authority shall be dissolved. Appropriate attested copies of such resolutions
shall be delivered to the Governor so that legislation dissolving such authority may be introduced
in the General Assembly. The dissolutian of an authority shall become effective according to the
tetms of such legistation. The title to all funds and other property owned by such authority at the
time of such dissolution shall vest in the member localities which have cornributed to the
authority in proportion to their resnective ccmtrihuti~nc