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HomeMy WebLinkAboutJUNE 11, 1984 MINUTES @it@ C:)f -Vijrg;i@iEa "WORLD'S LARGEST RESORT CITY" CITY COUNCIL ,1/2]AYOR LOUIS R. IOVES, B.y@id@ ii.,,,.gb VICE-AIAI'OR i3AR13ARA Al. IIENLEY. P.@g,, B,,,..gb IOIIN A. BAIIM, Ii .... gb NANCY A. CREECII. Al L.,g@ IIAROLI) IIEISCiIO13ER, Al L.,g@ It. JACK JENVIV(;S, JR., t@y ... b..@. B.,.@gb R013ERT (;. JONES. At L,,,g@ W. 11. K17'CifiN. Ill. li,.,h REBA S. AI,CLANAN. P,i,,,,@, A@,,@ B,,-.gh 1. IIFNRY @1,COY, JR.. 212 C17 Y IIALL BL@ILDING MUNICIPAL (.b.NTER MbYERA E. OI]ERNDORI:, Al L.,g, VIRGINIA 13EACII, VIR(;I,%'@A 23436 RUTti TIOD(;FS SM171t, GAIC, Cily Clllk (804) @127-4303 CITY COUNCIL AGENDA June 11, 1984 Ribbon Cutting for Cable Studio: 11: 3(,1 a.m. ITEM 1. INFORMAL SESSION: 12@30 p.m. A. CALL TO ORDER Mayor Louis R. Jones B. ROLL CALL OF COUNCIL C. MOTION TO RECESS INTO INFORMAL/EXE(.UTIVE SESSION D. DISCUSSION OF PERTINENT KATTERS 1. Matters for discussion by Mayor. 2. Matters for discussion by Council. E. CITY MANAGER'S ADMINISTRATIVE ITEMS 1. Salem Canal Phase I Project: Discussion of acquisition of right-of-way for project by Mr. C. Oral Lambert, Jr., Director of Department of Public Works. 2. Transfer of Funds for 1977 and 1980 Water and Sewer @eferendum: Discussion. 3. Review of Consent Agenda ITEM 11. FORMAL SESSION: 2:00 p.m- A. INVOCATION: Reverend Samuel D. Austin, Pastor Bow Creek Presbyterian Church B. PLEDGE OF ALLEGIANCE TO THE FLAG OF TilE UNITED STATES OF AMERICA C. ELECTRONIC ROLL CALL OF COUNCIL D. MINUTES OF PREVIOUS MEETING 1. Motion to accept/approve the Miiiutes of June 4, 1984. E. PRESENTATION 1. Resolution of Appreciation - F--ancis E. Mercer (Police K-9 Cemetary) 2. Resolutions in Recognition: a. Douglas Garrou, First Colon4lal High School b. Diane Griffin, First Colonial High School C. Ericka E. Kammerer, Kempsviile High School d. Christopher M. O'Neill, Cox High School e. Virginia M. Seyer, Norfolk Academy f. Cynthia Wright, Kempsville High School F. RESOLUTION 1. Resolution authorizing the issuance and sale of $10,180,000 Water and Sewer Bonds, Serie!3 of 1984, of the City of Virginia Beach, Virginia, lieretofore authorized, and providing for the form, detail@3 and payment thereof. 2. Resolution authorizing the issuance and sale of $27,970,000 Public Improvement Bonds, Series of 1984, of the City of Virginia Beach, Virginia, lieretofore authorized, and providing for the form, details and payment thereof. G. CONSENT AGENDA All matters listed under the Cons,2nt Agenda are considered in the ordinary course of business by City Council and will be enacted by one motion in the for,@.1 listed. There will be no separate discussion of these items. If discussion is desired, that item will be removed from the Consent Agenda and considered separately. 1. Resolution of Appreciation to 7rancis E. Mercer (Police K-9 Cemetary). 2. Resolutions in Recognition: a. Douglas Garrou, First Colonial High School b. Diane Griffin, First Colonial High School c. Ericka E. Kammerer, Kempsville High School d. Christopher M. O'Neill, Coi,,- High School e. Virginia M. Seyer, Norfolk Academy f. Cynthia Wright, Kempsville High School 3. Ordinance, on SECOND READING, to accept and appropriate additional funds of $7,550 for tlie Pendleton Child Service Center. II. G. 4 . Ordinance approving a supplemeital Landfill Agreement with the City of Norfolk and autlior.@zing City Manager to execute on behalf of the City of Virginia Beach, Virginia. 5. Ordinance to authorize a tetiporary encroachment into a portion of the right-of-way of -.eorge Mason Drive, Mattaponi Road and Courthouse Drive to Mr. Robert G. Brewer, his heirs, assigns and successors ia title. 6. Ordinance appointing viewers i,i the application of Fred J. Dean, III, for the closure of a portion of Rouse Drive. (Kempsville Borough) 7. Certificate of Public Conveni@@nce and Necessity - George Holmes, of Limousine Car Service 8. Raffle Permit: Hampton Roads Youth Hockey Association, Inc. H. PLANNING 1. Application of Lynn Beach Associates for the FINAL APPROVAL of the closure of portions of Kleen Street and Cape Henry Drive (Lynnhaven Borougli). a. City Manager's letter reflects the applicant has met conditions one through four and the staff has no objections to the exteiisioa of the time period. 2. Application of Alexander H. Bell, II and Adrea H. Bell for a conditional use permit for a ,,arage apartment on a 7,000- square foot parcel located at the northwest corner of Arctic Avenue and 27th Street (401 27th Street) (Virginia Beach Borough). a. Letter of the City Manager transmits the recommendation of the Planning Commission for approval. 3. Application of Dunn-Malbon Construction Company for a conditional use permit for a @le. on a 9,375-square foot parcel located on the west si,le of Parks Avenue, nortli of 12th Street (Virginia Beach Borough). a. Letter of the City Manager transmits the recommendation of the Planning Commission for approval. 4. Application of Virginia Beach tssociates, a Virginia Limited Partnerhsip, for a conditional use permit for a 170-foot communications tower on a 42,907-square foot parcel located at the end of Business Park Drive (Bayside Borough). a. Letter of the City Manager transmits the recommendation of the Planning Commission for approval. 5. Application of L. L. Davis, Executor of the Estate of J. C. Davis, for a change of zoning from R-6 Residential District to R-8 Residential District on a 1.8-acre parcel located on the south side of Daniel Smitil Road, east of Newtown Road (Bayside Borough). a. Letter of the City Manager transmits the recommendation of the Planning Commission that Council allow withdrawal of Lhis request. II.H.6. Application of Rudee Loop Associates, A Virginia General Partnersliip, for a change of zon@ from B-5 Resort- Comercial District to H-2 Resort-Hotel District on a 1.64- acre parcel located within the loop at the southern terminus of Atlantic Avenue (Virginia Beach and Lynnhaven Boroughs). a. Letter of the City Manager transmits the recommendation of the Planning Commission for approval. 7. Application of Marie L. McAllister for a change of zonin& from B-1 Residential-Business District to A-2 Apartment District on a 2.05-acre parcel located along the south side of Shore Drive, west of Kimball Circle (Bayside Borough). a. Letter of the City Manager transmits the recommendation of the Planning Commissiou for approval. 8. Application of Harry Sandler f(,r a change of zoning from R-7 Residential District to A-1 Apartment District on a 17,5@0- square foot parcel locat d at the northwest intersection of Parks Avenue and 13th Street (Virginia Beach Borough). a. Letter of the City Manager transmits the recommendation of the Planning Commission for denial. 9. "THE GREEN LINE" (line of separation between development and the rural area). I. APPOINTMENTS 1. Arts and Humanities Commission 2. Eastern Virginia Health Systems Agency 3. Eastern Virginia Medical Authority 4. Housing Board of Appeals 5. Social Services Board 6. Southeastern Tidewater Opportu,iity Project 7. Southeastern Virginia Planning District Commission 8. Volunteer Council J. UNFINISHED BUSINESS K. NEW BUSINESS L. ADJOURNMENT 1. Motion to adjourn. SPECIAL SESSIONS OF CITY COUNCIL JULY 2, 1984 12:30 P.M. SPECIAL SESSION FOR COUNCIL REORGANIZATION (ELECTION OF MAYOR/Vl(;E MAYOR) 2:00 P.M. REGULAR FORMAL SESSION JULY 9, 1984 11:00 A.M. INFOR14AL SESSION 12:30 P.M. FORMAL SESSION (12:30 Session is the earlier time, set for the Formal Session usually held at 2:00 p.m- for business matters of the City's Governing Body) JULY 16, 1984 COUNCIL RECESS JULY 23, 1984 COUNCIL RECESS JULY 30, 1984 FIFTH MONDAY M I N U T E S VIRGINIA BEACH CITY COUNCIL Virginia Beach, Virginia June 11, 1984 The Regular Meeting of the Council of the City of Virginia Beach, Virginia, was called to order by Mayor Louis R. Jones in the Conference Room, City Hall Building, on Monday, June 11, 1984, at 12:30 in the afternoon. Council Members Present: John A. Baum, Nancy A. Creech, Harold Heischober, Vice Mayor Barbara M. Henley, H. Jack Jennings, Jr., Mayor Louis R. Jones, Robert G. Jones, W. H. Kitchin, III, Reba S. McClanan, J.Henry McCoy, Jr., D.D.S., and Meyera E. Oberndorf Council Members Absent: None June 11, 1984 - 2 - ITM1 # 22017 Mayor Jones entertained a motion to permit Council to conduct its INFORMAL SESSION to be followed by an EXECUTIVE SESSION pursuant to Section 2.1-344, Code of Virginia, as amended, for the following purposes. 1. PERSONNEL MATTERS: Discussion or consideration of employment, assignment, appointment, promotion, performance, demotion, salaries, disciplining or resignation of public officers, appointees or employees. 2. PUBLIC FUNDS INVESTMENT: The investing of public funds where competition or bargaining is involved, where if made public initially the financial interest of the governmental unit would be adversely affected. 3. LEGAL MATTERS: Consultation with legal counsel or briefings by staff members, consultants or attorneys, pertaining to actual or potential litigation, or other legal matters within the jurisdiction of the public body. Upon motion by Councilwoman Creech, seconded by Councilman McCoy, City Council voted to proceed into the EXECUTIVE SESSION following the INFORMAL SESSION. Voting: 11-0 Council Members Voting Aye: John A. Baum, Nancy A. Creech, Harold Heischober, Vice Mayor Barbara M. Henley, H. Jack Jennings, Jr., Mayor Louis R. Jones, Robert G. Jones, W. H. Kitchin, 111, Reba S. McClanan, J. Henry McCoy, Jr., D.D.S., and Meyera E. Oberndorf Council Members Voting Nay: None Council Members Absent: None June 11, 1984 - 3 - M A T T E R S B Y M A Y 0 R VIRGINIA MUNICIPAL LEAGUE ITEM # 22018 Mayor Jones advised of the following appointments to the VIRGINIA MUNICIPAL LEAGUE: Meyera E. Oberndorf Chairman, Environmental Quality Policy Committee Robert G. Jones Vice Chairman, Human Development Policy Committee M A T T E R S B Y C 0 U N C I L LEGISLATION COE4ITTEE ITEM # 22019 Councilman Jones further advised of his appointment as Chairman of the Legislation Committee for the VIRGINIA MUNICIPAL LEAGUE. He stressed the importance of Virginia Beach in exercising leadership in this organization, and requested the guidance of the Council. JOINT HOUSE AND SENATE SUBCOMMITTEE ITEM # 22020 Councilwoman Creech advised that she had been appointed to the JOINT HOUSE AND SENATE SUBCOMMITTEE for Highway, Street, and Subdivision Review. Only two (2) citizen members serve on this Committee. THE "NARROWS" ITEM # 22021 Councilman Jennings referenced problems in the "NARROWS" at the Beach. He cited the recent loss of a 10 year old boy. This area is becoming quite congested. This was initially a sailing area, but people are now swimming across the channel. As the "NARROWS" is considered State property, the City Manager will review and consult the State of Virginia concerning procedures that might be taken i.e., the hiring of lifeguards or posting of "NO SWIMMING" signs to insure our citizen's safety. June 11, 1984 - 4 - M A T T E R S B Y C I T Y M A N A G E R SALEM CANAL PilASE I PROJECT ITEM # 22022 C. Oral Lambert, Director of Public Works, and Donald Trueblood, Chief Eingineer, discussed the SALEM CANAL PROJECT, an $8 Million Project #2-823 in the 5-year Capital Improvement Program. This Project in- volves improving the Canal approximately 32,000 feet from Providence Road down towards the headwaters of the North Landing River and com- bines three (3) earlier projects: (1) Salem Canal Phase I, with limits being from Providence Road to Elbow Road (2) Salem Canal Phase II, Project 2-985, which includes the major structures of bridge crossings and culverts associated with a canal (3) Salem Canal Phase III, which carries the Project from Elbow Road down to the North Landing River The Ordinance under consideration is to authorize acquisition of property in fee simple and the acquisition of temporary and permanent easements for Salem Canal Phase 1, either by agreement or by condemnation. Even though activity within this area of Salem Canal Phase I is restricted by both the Flood Plain Ordinance and the limits established by the Corps of Engineers, the natural waterway is not adequate. The Staff will prepare further engineering data, and review City Council's request to re-evaluate the area of the Salem Canal Project to first be constructed and acquire the right-of-way. TRANSFER OF FUNDS/ WATER AND SEWER REFERENDUM ITEM # 22023 Giles Dodd, Assistant to the City Manager for Administration, explained the "TRANSFER OF FUNDS FOR THE 1977 AND 1980 WATER AND SEWER REFERENDUM". The "Financial Summary of the 1977 Water and Sewer Referendum and the "Proposed Appropriations Transfers for Projects in the 1980 Water and Sewer Referendum" were distributed to Council (Copies of which are hereby made a part of the record). As City Council had approved the FY 1984/FY 1988 Capital Improve- ments Program, it was necessary to update the accounting records to match the current program funding. June 11, 1984 - 5 - M A T T E R S B Y C 1 T Y M A N A C E R (Continued) MOODY'S/ STANDARD & POOR'S ITEM # 22024 The City Manager advised City Council of the visit on June 8, 1984, by representatives of the two bond rating companies, MOODY'S, and STANDARD & POOR'S. A positive image of the City of Virginia Beach was conveyed by the staff to these two firms. SKATEBOARD RAMPS 1TEM # 22025 The City Manager advised that a petition had been received concerning SKATEBOARD RAMPS. This matter is now in the Courts. As soon as a decision has been reached, the City Manager will be sharing various alternatives concerning this matter with the Council. Councilman Jennings recognized the following young men in attendance, who were interested in the governmental process with regards to this particular issue: Corey Judson Mark Rosenberg Jimmy Evans Denny Hedspeth Jake Rashkind Ryan Sykes CONSENT AGENDA LANDFILL AGREEMENT ITEM # 22026 The City Manager referenced the Ordinance approving a supplemental Landfill Agreement with the City of Norfolk (See Item II-G.4 of the Formal Agenda). This Landfill Agreement should reflect a gross reimbursement to the City of approximately $600,000. RECESS INTO EXECUTIVE SESSION ITEM # 22027 City Council recessed into EXECUTIVE SESSION at 12:55 p.m. June 11, 1984 - 6 - F 0 R M A L S E S S I 0 N VIRGINIA BEACH CITY COUNCIL June 11, 1984 2:00 p.m. Council Members Present: John A. Baum, Nancy A. Creech, Harold Heischober, Vice Mayor Barbara M. Henley, H. Jack Jennings, Jr., Mayor Louis R. Jones, Robert G. Jones, W. H. Kitchin, III, Reba S. McClanan, J. Henry McCoy, Jr., D.D.S., and Meyera E. Oberndorf Council Members Absent: None INVOCATION: Reverend Samuel D. Austin Pastor Bow Creek Presbyterian Church PLEDGE OF ALLEGIANCE TO THE FLAG OF THE UNITED STATES OF AMERICA June 11, 1984 7 Item II-D. 1 MINUTES ITEM # 22028 Upon motion by Councilwoman Creech, seconded by Councilman McCoy, City Council APPROVED the CORRECTIONS to the Minutes of May 14, 1984. (See ITEM # 21886, Page 22, May 14, 1984 CONSENT AGENDA) Minutes should read as follows: "Upon motion by Councilman Baum, seconded by Councilman McCoy, City Council ADOPTED an Ordinance to transfer Capital Project Funds of 449;TOOO $284,000 between Capital Projects to provide additional funds for LANDSTOWN SHOP MODTFICATIONS." Voting: 11-0 Council Members Voting Aye: John A. Baum, Nancy A. Creech, Harold Heischober, Vice Mayor Barbara M. Henley, H. Jack Jennings, Jr., Mayor Louis R. Jones, Robert G. Jones, W. H. Kitchin, III, Reba S. McClanan, J. Henry McCoy, Jr., D.D.S., and Meyera E. Oberndorf Council Members Voting Nay: None Council Members Absent: None June 11, 1984 8 Item II-D.2 MINUTES ITEM # 22029 Upon motion by Councilwoman Creech, seconded by Councilman McCoy, City Council APPROVED the Minutes of June 4, 1984, with corrections as follows; Page 25 - ITEM 22010 (ADD-ON) REPHRASE THE FOLLOWING MOTION: -way-and TO CORRECTLY READ: Tho PLANNING COMMISSION is to look into the possibility of tasteful, permanent signs on land that will be affected by the Flbod Plain Ordinances, WARNING that this is a Flood Plain and development will be restricted. The Planning Commi8sibn is to also consider indicating FLOOD PLAINS on some or all City maps. Voting: 11-0 Council Members Voting Aye: John A. Baum, Nancy A. Creech, Harold Heischober, Vice Mayor Barbara M. Henley, H. Jack Jennings, Jr., Mayor Louis R. Jones, Robert C. Jones, W. H. Kitchin, III, Reba S. McClanan, J. Henry McCoy, Jr., D.D.S., and Meyera E. Oberndorf Council Members Voting Nay: None Council Members Absent: None June 11, 1984 9 Item II-E.1 PRESENTATION ITEM # 22030 Mayor Jones presented a RESOLUTTON OF APPRECIATION to: FRANCIS E. MERCER . . . . . . . . . . .POLTCE K-9 CEMETERY Francis E. Mercer noted one correction to the RESOLUTION: Five Hundred ($500) dollars was just the beginning contribution as more funds are needed, he will contribute same. Mrs. Paulette Mansfield, Vice President of the Garden of the Pines, was in attendance. June 11, 1984 - 10 - Item II-E.2 PRESENTATION ITEM # 22031 Mayor Jones presented RESOLUTIONS IN RECOGNITION for their educational achievements to the following: *Douglas Garrou First Colonial High School Diane Griffin First Colonial High School Ericka E. Kammerer Kempsville High School Christopher M. O'Neill Cox High School Virginia M. Seyer Norfolk Academy *Douglas Garrou was absent but his RESOLUT10N was read by Mayor Jones, and he will be picking up his framed copy of his RESOLUTION in the City Clerk's office. June 11, 1984 Item II-F.1 RESOLUTION ITEM 22032 Upon motion by Councilwoman Creech, seconded by Councilman Heischober, City Council ADOPTED the following Resolution: RESOLUTION AUTHORIZING THE ISSUANCE AND SALE OF $10,180,000 WATER AND SEWER BONDS, SERIES OF 1984, OF THE CITY OF VIRGINIA BEACH, VIRGINIA, HERETOFORE AUTHORIZED, AND PROVIDING FOR THE FORM, DETAILS AND PAYMENT THEREOF. Voting: 11-0 Council Members Voting Aye: John A. Baum, Nancy A. Creech, Harold Heischober, Vice Mayor Barbara M. Henley, H. Jack Jennings, Jr., Mayor Louis R. Jones, Robert G. Jones, W. H. Kitchin, 111, Reba S. McClanan, J. Henry McCoy, Jr., D.D.S., and Meyera E. Oberndorf Council Members Voting Nay: None Council Members Absent: None June 11, 1984 6 / 6 / 84 At a regular meeting of the Couiicil of tile ci y ciinia Beach, Vjrqiiiia, lield oii tlie Iltli dliy of JLI]ie, wlaich the followiiig were pi-efetit @ilid PRESENT: John A. Baum Nancy A. Creech Harold Heischober Vice Mayor Barbara M. Henley H. Jack Jennings, Jr. Mayor Louis R. Jones Robert G. Jones W. H. Kitchin, III Reba S. McClanan J. Henry McCoy, Jr., D.D.S. Meyera E. Oberndorf ASSENT: None tlie following reSOILitioia was adopted by tli(-' roll call vote of a majority of all members of tlle Council, tlle ayes aiid nays beiiig recorded in tlie miiiutes of tlie ineetilig as sliowli below: MEMBER VOTE John A. Baum Aye Nancy A. Creech Aye Harold Heischober Aye Vice Mayor Barbara M. Henley Aye H. Jack Jennings, Jr. Aye Mayor Louis R. Jones Aye Robert G. Jones Aye W. H. Kitchin, III Aye Reba S. McClanan Aye J. Henry McCoy, Jr.,D.D.S. Aye Meyera E. Oberndorf RESOLUTION AUTHORIZING THE ISSUANCE AND SALE OF $10,180,000 WATER AND SEWER BC)NDS, SERIES OF 1984, OF THE CITY OF VIRGINIA BEACH, VIRGINIA, HERETOFORE AUTHO- RI-IED, AND PI"OVIDING FOR THE FORM, DETAILS AND PAYMENT THEREOF -2- WHEREAS, the issuance of $46,000,000 water and sewer boiads of the City of Virginia Beach, Virgillia (tlie City), was authorized by an ordinance adopted by the Council on ALigust 27, 1980, and approved by the qualified voters of the City t n election held on November 4, 1980, to finailce the Cost If c,n- tinuing the City's improvement program for its water aiad sewer system, of which bonds $23,500,000 have been issued and sold, leaving an tinissued balance of $22,500,000; BE IT RESOLVED BY THE COUNCIL OF THE CITY OF VIRGINIA BEACH, VIRGINIA: 1. There are hereby authorized to be issued and sold $10,180,000 bonds of sucli unissued balance. 2. The bonds shall be designated "Water aiid Sewer Bonds, Series of 1984," shall be dated July 15, 1984, shall be in fully registered form, in denominations of $5,000 and multi- ples thereof, and shall be numbered in the order of authentica- tion. The bonds shall mature in annual installments on July 15 in years and amounts as follows: Year Amount Year Amount 1985 $ 365,000 1993 $ 680,000 1986 390,000 1994 740,000 1987 420,000 1995 810,000 1988 450,000 1996 890,000 1989 485,000 1997 975,000 1990 525,000 1998 1,075,000 1991 570,000 1999 1,IB5,000 1992 620,000 Each bond shall bear interest at such rate or rates as shall be -3 - determined at the time of sale, but not to exceed 101- per year, payable semiannually on January 15 and July 15, (a) from July 15, 1984, if it is authenticated prior to January 15, 1985, or (b) otherwise from the January 15 or July 15 that is, or immediately precedes, the date on which it is authenticated (unless payment of izaterest tliereon is in default, in wllich case such bond shall bear interest from the date to which in- terest has been paid). Principal and premium, if any, shall be payable to the registered owiiers upon surrender of bonds as they become due at the principal corporate trust office of Citibank, N.A.,New York, New York (the Paying Agent). Interest shall be payable by check or draft mailed to tile regjstered owners at their addresses as they appear on the registration books kept by the Paying Agent. Principal, premium, if any, and interest shall be payable in lawful money of the United States of America. 3. Bonds maturing on or before July 15, 1994, are not subject to redeinption prior to maturity. Bonds maturing on or after July 15, 1995, are subject to redemption prior to maturi- ty at the option of the City on or after July 15, 1994, in whole at any time or in part in inverse order of maturity on any interest payment date, upon payment of the following re- demption prices, expressed as a percentage of the principal amount of bonds to be redeemed, plus interest accrued and unpaid to the redemption date: -4- Period During Which Redeemed Redemptioii r-ice JulY 15, 1994 to July 14, 1995 102 1/2% JulY 15, 1995 to July 14, 1996 102 July 15, 1996 to July 14, 1997 101 1/2 JUlY 15, 1997 to July 14, 1998 101 JulY 15, 1998 and thereafter 100 1/2 If less than all of the bonds of a maturity are called for re- demption, the bonds to be redeemed shall be selected by the City's chief financial offiter in such manner as he may deter- mine to be in the best interest of the City, each portion of $5,000 principal amount being counted as one bond for such pur- pose. The City shall cause notice of the call for redemption identifying the bonds or portions thereof to be redeemed t, be sent by registered or certified mail to tlie registered owners thereof not less than 30 nor more than 60 days prior to the re- demption date. If a Portion of a bond is called for redemp- tion, a new bond in prilicipal amount equal to the unredeemed portion thereof sliall be issued to the reciistered owner upon the surrender thereof. 4. The bonds shall be signed by the facsimile signa- ture of the Mayor, shall be countersigned by the facsimile sig- nature of the Clerk, and a facsimile of the City's seal shall be printed thereon. No bond shall be valid until it has been authenticated by the manual signature of an authorized officer or employee of the Paying Agent and the date of authentication noted thereon. -5- 5. The bonds shall be in substantially the following form: REGISTERED REGISTERED No. R-- $ UNITED STATES OF AMERICA COMMONWEALTH OF VIRGINIA CITY OF VIRGINIA BEACH Water and Sewer Bond, Series of 1984 INTEREST RATE @IATURITY DATE DATE OF ORIGINAL ISSUE CUSIP % July 15, 1984 REGISTERED OWNER: PRINCIPAL A@IOUNT: DOLLARS The City of Virginia Beach, Virginia (the City), for value received, hereby promises to pay, upon surrender hereof at the principal corporate trust office of Citibank, N.A., New York, New York (the Paying Agent), to the registered owner hereof, or registered assigns or legal representative, the principal sum stated above on the maturity date stated above, subject to prior redemption as hereinafter provided, and to pay -6- interest hereon semiannually on each Januar@, 15 and July 15 at the annual rate stated above. Interest is payable (a) from July 15, 1984, if this bond is authenticated prior to January 15, 1985, or (b) otherwise from the January 15 or July 15 that is, or immediately precedes, the date on wllich this bond is authenticated (unless payment of interest liereon is in default, in which case this bond shall bear interest from the date to which interest has been paid). Interest is payable by check or draft mailed to the registered owner liereof at his address as it appears on the first day of the moilth of each in- terest payment date on registration books kept by the Paying Agent. Principal, premium, if any, and interest are payable in lawful money of the Uiiited States of America. THE PROVISIONS OF THIS BOND ARE CONTINUED ON THE RE- VERSE HEREOF, AND SUCH CONTINUED PROVISIONS SHALL FOR ALL PUR- POSES HAVE THE SAME EFFECT AS IF SET FORTH ON THE FACE HEREOF. All acts, conditions and things required by the Consti- tution and statutes of the Commonwealth of Virginia to happen, exist or be performed precedent to and in the issuance of this bond have happened, exist and have been performed, and the issue of bonds of which this bond is one, together with all other indebtedness of the City, is within every debt and other limit prescribed by the Constitution and statutes of the Com- monwealth of Virginia. -7- This bond shall not be valid until the Paying Agent shall have executed the Certificate of Autheiiticatioil appeariiig hereon and inserted the date of authentication liereon. IN WITNESS WHEREOF, the City of Virginia Beach, Vir- ginia, has caused this bond to be sigiied by the facsimile sig- nature of its Mayor, to be countersigned by the facsimile sig- nature of its Clerk, a facsimile of its seal to be printed hereon, and this bond to be dated July 15, 1984. COUNTERSIGNED: (SEAL) Clerk Mayor Date Authenticated: CERTIFICATE OF AUTHENTICATION This bond is one of the bonds described in the within- mentioned resolution. Paying Agent By Authorized (Reverse of Bond) ADDITIONAL BOND PROVISIONS This bond is one of an issue of $10,180,000 Water alld Sewer Bonds, Series of 1984, of like date and tenor, except as to number, denomination, rate of interest, privilege of redemp- tion and maturity, being a portion of the unissued balance of tlie $46,060,000 water aiid sewer bonds authorized by an ordi- nance adopted by the Council on August 27, 1980, and approved at an election held on November 4, 1980, and is issued pursuant to the Constitution and statutes of the Commonwealth of Vir- cjinia, including the City Charter and the Public Finance Act, to finance the cost of continuing the City's improvement pro- gram for its water aiid sewer system. Blonds maturing on or before July 15, 1994, are not sub- ject to redemption prior to maturity. Bonds maturing on or after July 15, 1995, are subject to redemption prior to maturi- ty at the option of the City an or after July 15, 1994, in whole at any time or in part in inverse order of maturity on any interest payment date, upon payment of the following re- demption prices, expressed as a percentage of the principal amount of bonds to be redeemed, plus interest accrued and unpaid to the redemption date: -9- Period During Which Redeemed Redemption rice July 15, 1994 to July 14, 1995 102 1/2% JulY 15, 1995 to July 14, 1996 102 JulY 15, 1996 to July 14, 1997 101 1/2 JulY 15, 1997 to July 14, 1998 101 JulY 15, 1998 and thereafter 100 1/2 If less than all of the bonds of a maturity are called for re- demptioia, the boi-ids to be redeemed shall be ,Ie,t,d by the City, s chief financial officer in such manner as he may deter- mine to be in the best interest of the City, each portion of $5,000 principal amount being counted as one bond for such pur- pose. The City shall cause notice of the call for redemption indentifying the bonds or portions thereof to be redeemed to be sent by registered or certified mail not less tlian 30 o, m,re than 60 days prior to tlie redemption date to the registered owner of each boiid to be redeemed at his address as it appears on the registration books kept by the Paying Agent. If a por- tion of this bond is called for redemption, a new bond in prin- cipal amount equal to the unredeemed portion hereof will be is- sued to the registered owner upon the surrender liereof. The City is required to charge rates or fees to users of its water and sewer system, to fix and maintain such rates or fees at such level as will produce sufficient revenues to pay all costs of operation and the principal of and interest on the bonds and aiay other bonds heretofore or hereafter issued on account of such system and secured by a pledge of water or -10- sewer revenues, as the same become due. In addition, the full faith and credit of the City are hereby irrevocably pledged for the payment of principal of and interest on this bond. The bonds are issuable as fully registered bonds in denominations of $5,000 and multiples thereof. Upon surrender of this bond at the principal corporate trust office of the Paying Agent, together with an assignmel-it duly executed by the registered owner or his duly authorized attorney or legal rep- resentative in such form as shall be satisfactory to the Paying Agent, the City shall execute, and the Paying Agent shall au- thenticate and deliver iii exchange, a new boiid or bonds having an equal aggregate prificipal amount, in authorized denomina- tions, of the same form and maturity, bearing interest at the same rate, and registered in names as requested by the then registered owner hereof or his duly authorized attorney or legal representative, all subject to the limitations and condi- tions provided in the resolution authorizing the issuance of the bonds. Any such exchange shall be at the expense of the City, except tlaat the Paying Agent may charge the person re- questing such exchange the amount of any tax or other govern- mental charge required to be paid with respect thereto. The Paying Agent shall treat the registered owner as the person exclusively entitled to payment of principal, premi- um, if any, and interest and the exercise of all other rights and powers of the owner, except that interest payments shall be made to the person shown as owner on the registration books on the first day of the month of each interest payment date, ASSIGNMENT FOR VALUE RECEIVED the undersigned hereby sell(s), as- sign(s) and transfer(s) unto (Please print or type name and address, inc uding postal zip code, of Transferee) PLEASE INSERT SOCIAL SECURITY OR OTliER IDENTIFYING NUMBER OF ASSIGNEE: the within bond and all rights thereui-ider, liereby irrevocably constituting and appoilitilig Attorney, to trans er said boi- s kept for the registration thereof, with full power of substitution in tlie premises. Dated: Signature Guaranteed NOTICE: Signature(s) mu Sgnatur. f Rgstred Own.@) guaranteed by a member firm of the New York Stock Notice: The signature above Exchange or a commercial baiik must correspond with the name or trust company. of the registered owner as it appears on the front of this bond in every particular, without alteration or enlarge- ment or any change whatsoever. -12- 6. The full faith and credit of the City are hereby irrevocably pledged for the payment of principal of and inter- est on the bonds. It is hereby covenanted and agreed with the holders of the bonds that so long as any of the bonds are outstandiiig aiid unpaid the City shall: (a) charge rates or fees to users of its water and sewer system and fix and maintain such rates or fees at such level as will produce sufficient revenue to pay tlie cost of op- eration and administration, the cost of insurance against loss by injury to persoiis or property and the principal of and in- terest on the bonds authorized hereby and any other bonds here- tofore or hereafter issued on account of such system and se- cured by a pledge of water or sewer revenues, as the same become due; (b) apply the revenue derived from the operation of such system in each fiscal year first to the payment of such costs of operation, administration and insurance during such year and then to the payment of principal of and interest on the bonds and any other bonds heretofore or hereafter issued on account of such system and secured by a pledge of water or sewer revenues becoming due in such year; (c) unless other funds are lawfully available and appropriated for timely payment of the bonds, levy and collect an annual ad valorem tax over aiid above all other taxes 13 - authorized or limited by law on all locally taable property in the City sufficient to pay the principal of and interest oll tlle bonds, as the same become due; and (d) segregate and keep segregated from all otlier City funds all revenue derived from the operation of stich sys- tem and keep proper records and accounts therefor, separate and apart from all otlier records and accolints. 7. The Paying Agent shall maintain registration books for the registration of bonds. UPon surrender of any bonds at the principal corporate trust office of the Paying Agent, to- gether with an assignment duly executed by the registered owner or his duly authorized attorney or legal representative in sucli form as sliall be satisfactory to the Paying Ageilt, the City shall execute and the Paying Agent shall autlienticate and de- liver in exchange, a new bond or bonds having an equal aggre- gate principal amount, in authorized denominations, of the same form and maturity, bearing interest at the same rate, and reg- istered in names as requested by the then registered owner or his duly authorized attorney or legal representative. Any such exchange shall be at the expense of the City, except that the Paying Agent may charge the person requesting such exchange the amount of any tax or other governmental charge required to be paid with respect thereto. -14- The Paying Agent shall treat the registered owner as the person exclusively entitled to payment of principal, premi- um, if any, and interest and the exercise of all other rights and powers of the owner, except that interest payments shall be made to the person shown as owner on the registration books on the first day of the month of each interest payment date. B. The City Manager, in collaboration with Government Finance Associates, Inc., the City's Financial Advisor, is hereby authorized and directed to take all proper steps to ad- vertise the bonds for sale substantially in accordance with the form of Notice of Sale attached to the resolution authorizing the issuance and sale of $27,970,000 Public Improvement Bonds, Series of 1984, being adopted on this date, provided that the City Manager, in collaboration with Goverriment Finance Associ- ates, Inc., may make sucli changes in the Notice of Sale not in- consistent with this resolution as he may consider to be in the best interest of the City. 9. A draft dated June 6, 1984, of a Preliminary offi- cial Statemeiit, copies of which have been provided to the mem- bers of the Council, is hereby approved as the form of the Pre- liminary Official Statement by which the bonds will be offered for sale, with such completions, omissions, insertions and changes not inconsistent with this resolution as the City Man- ager, in collaboration with Government Finance Associates, Inc., may consider appropriate. The City Manager, in 15 - collaboration with Government Finance Associates, Inc., shall make such completions, omissions, insertions and changes in the Preliminary Official Statement not inconsistent with tllis reso- lution as are necessary to complete the Preliminary Official Statement as a final Official Statement. The City Manager shall arrange for the delivery to the successful bidder on the bonds of a sufficient number of copies of the final Official Statement for delivery to each person to whom such bidder and members of his bidding group initially sell the bonds. 10. After bids have been received and the bonds have been awarded, the Mayor, the City Manager and the Clerk are hereby authorized and directed to take all proper steps to liave the bonds prepared and executed in accordance with their terms and to deliver the bonds to the purchasers thereof upon payment therefor. 11. All other actions of officers of the City in con- formity with the purposes and intent of this resolution and in furtherance of the issuance and sale of the bonds are hereby approved and confirmed. 12. Such officers of the City as may be requested are hereby authorized and directed to execute an appropriate cer- tificate setting forth the expected use and investment of the proceeds of the bonds in order to show that such expected use and investment will not violate the provisions of Section 103(c) of the Internal Revenue Code of 1954, as amended, and -16- regulations issued pursuant thereto, applicable to "arbitrage bonds." Such certificate shall be in sucli form as may be re- quested by bond counsel for the City. 13. The Clerk, in collaboration with the City Attorney, is hereby authorized and directed to see to the immediate fil- ing of a certified copy of this resolution with the Circuit Court of the City of Virginia Beach. 14. All resolutions or parts of resolutions in conflict herewith are hereby repealed. 15. This resolution shall take effect immediately. The undersigned Clerk of the City of Virginia Beach, Virginia, hereby certifies that the foregoing constitutes a true and correct extract from tlie minutes of a regular meeting of the Council of the City of Virginia Beach held on the llth day of June, 1984, and of the whole thereof so far as applica- ble to the matters referred to in such extract. WITNESS my signature and the seal of the City of Vir- ginia Beach, Virginia, this day of June, 1984. (SEAL) Clerk, City of Virginia Beach, Virginia - 12 - Item II-F.2 RESOLUTION ITEM # 22033 Upon motion by Councilwoman Creech, seconded by Councilman Heischober, City Council ADOPTED the following Resolution: RESOLUTION AUTHORIZING THE ISSUANCE AND SALE OF $27,970,000 PUBLIC INPROVEMENT BONDS, SERIES OF 1984, OF THE CITY OF VIRGINIA BEACH, VIRGINIA, HERETOFORE AUTHORIZED, AND PROVIDING FOR THE FORM, DETAILS AND PAYMENT THEREOF. Voting: 11-0 Council Members Voting Aye: John A. Baum, Nancy A. Creech, Harold Heischober, Vice Mayor Barbara M. Henley, H. Jack Jennings, Jr., Mayor Louis R. Jones, Robert G. Jones, W. H. Kitchin, III, Reba S. McClanan, J. Henry McCoy, Jr., D.D.S., and Meyera E. Oberndorf Council Members Voting Nay: None Council Members Absent: None June 11, 1984 6 / 84 At a regular meeting of the Council of the City of Vir- ginia Beach, Virginia, held on the llth day of June, 1984, at which the following members were present and abseilt: PRESENT: John A. Baum Nancy A. Creech Harold Heischober Vice Mayor Barbara M. Henley H. Jack Jennings, Jr. Mayor Louis R. Jones Robert G. Jones W. H. Kitchin, III Reba S. McClanan J. Henry McCoy, Jr., D.D.S. Meyera E. Oberndorf ABSENT: None the following resolution was adopted by the affirmative roll call vote of a majority of all members of the CoLincil, the ayes and nays being recorded in the minutes of the meeting as shown below: MEMBER VOTE John A. Baum Aye Nancy A. Creech Aye Harold Heischober Aye Vice Mayor Barbara M. Henley Aye H. Jack Jennings, Jr. Aye Mayor Louis R. Jones Aye Robert G. Jones Aye W. H. Kitchin, III Aye Reba S. McClanan Aye J. Henry McCoy, Jr., D.D.S. Aye Meyera E. Oberndorf Aye RESOLUTION AUTHORIZING THE ISSUANCE AND SALE OF $27,970,000 PUBLIC IMPROVEMENT BONDS, SERIES OF 1984, OF THE CITY OF VIRGINIA BEACH, VIRGINIA, HERETOFORE AU- THORIZED, AND PROVIDING FOR THE FORM, DETAILS AND PAY- MENT THEREOF -2- WHEREAS, the issuance of $22,900,000 bonds of tlie City of Virginia Beach, Virginia (the City), was authorized by n ordinance adopted by the Council on AuguSt 27, 1980, and ap- proved by the qualified voters of the City at an election lield on November 4, 1980, to finance the cost of a program of road construction and improvement, of which $14,500,000 have been issued and sold, leaving an unissued balance of $8,400,000; and WHEREAS, the issuance of $19,570,000 bonds of the City was authorized by an ordinance adopted by the Council on December 12, 1983, as amended on February 13, 1984, without being submitted to the voters, for the Purposes and in th, amounts shown below, none of which bonds have been issued and sold; ose Amount School projects, including planning, site acquisition and improvement, construction, enlargement, reno- vation, repair and equipping of schools and related facilities $3,308,497 Engineering and highway projects, including riglit-Of-way acquisi- tion, construction, improvement and extension of streets, bridges and highways, and studies, design and construction of drainage sys- tems and related facilities 7,070,363 Dredging Eastern Branch Lynnhaven River 287,000 Building projects, including planning, site acquisition and improvement, construction, alteration, addition, enlargement, renovation and equipping of various municipal buildings and -3 - facilities, inc:luding third Police precinct, radio tower, animal con- trol building, central library, Virginia Museum of Marine Sciences, human resources building, juvenile cOurt building and district court, landfill expansion and energy con- servation 7,335,200 Parks and recreation projects, including planning, site acquisition, renova- tion and development of new parks and community and recreation centers, golf course, racquetball courts and a bikeway 568,940 TOTAL $19,570,000; and WHEREAS, it has been recommended to the Council that the $8,400,000 unissued bonds f,, roads be combined with the $19,570,000 bonds for various Purposes into a single issue of $27,970,000 public improvement b,,ds; BE IT RESOLVED BY THE COUNCIL OF THE CITY OF VIRC;INIA BEACH, VIRGINIA: 1. There are hereby authorized to be is,,ed and sold as a single issue of $27,970,000 public improvement bonds the unissued balance of $8,400,000 bo,ds for roads and the $19,570,000 bonds for various purposes. 2. The bonds shall be designated "Public Improvement Bonds, Series of 1984," shall be dated July 15, 1984, shall be in fully registered form, in denominations of $5,000 and multi--- ples thereof, and shall be numbered i, th, order of -4- authentication. The bonds shall mature in annual installments on July 15 in years and amounts s f,ll,,s: Year Amount Year Amount 1985 $ 565,000 1995 $1,250,000 1986 600,000 1996 1,370,000 1987 645,000 1997 1,505,000 1988 690,000 1998 1,655,000 1989 745,000 1999 1,820,000 1990 805,000 2000 2,000,000 1991 875,000 2001 2,205,000 1992 955,000 2002 2,435,000 1993 1,040,000 2003 2,690,000 1994 1,140,000 2004 2,980,000 Each bond shall bear interest at such rate or rates as shall be determined at the time of sale, payable semiannually on Janudry 15 and July 15, (a) from July 15, 1984, if it is au- thenticated prior to January 15, 1985, or (b) otherwise from the January 15 or July 15 that is, or immediately precedes, the date on WhiCh it is autheiiticated (unless payment of interest thereon is in default, in which case such bond shall bear in- terest from the date to which interest has been paid). Princi- pal and premium, if any, shall be payable to the registered owners upon surrender of bonds as they become due at the prin- cipal corporate trust office of Citibank, N.A., New York, New York (the Paying Agent). Interest shall be payable by check or draft mailed to the registered owners at their addresses as they appear on the registration books kept by the Paying Agent. Principal, premium, if any, and interest shall be payable in lawful money of the United States of America. 3. Bonds maturing on or before July 15, 1994, are not subject to redemption prior to maturity. Bonds maturing on or after July 15, 1995, are subject to redemptioii prior to maturi- ty at the option of the City on or after July 15, 1994, in whole at any time or in part on any interest payment date, upon payment of the following redemption prices, expressed as a per- centage of the principal amount of bonds to be redeemed, plus interest accrued and unpaid to the redemption date: Period During Which Redeemed Redemption (both dates inclu-qii7@l Price July 15, 1994 to July 14, 1995 102 1/2'/./ July 15, 1995 to July 14, 1996 102 July 15, 1996 to July 14, 1997 101 1/2 July 15, 1997 to July 14, 1998 101 July 15, 1998 to July 14, 1999 100 1/2 July 15, 1999 and thereafter 100 If less than all of the bonds are called for redemption, the bonds to be redeemed shall be selected by the City's chief fi- nancial officer in such manner as he may determine to be in the best interest of the City, each portion of $5,000 principal amount being couiited as one bond for such purpose. The City shall cause notice of the call for redemption identifying the bonds or portions thereof to be redeemed to be sent by regis- tered or certified mail to the registerecl owners thereof not less than 30 nor more than 60 days prior to the redemption date. If a portion of a bond is called for redemption, a new bond in principal amount equal to the unredeemed portion -6- thereof shall be issued to the registered owner upon the sur- render thereof. 4. The bonds shall be signed by the facsimile signa- ture of the Mayor, shall be countersigned by the facsimile sig- nature of the Clerk, and a facsimile of the City's seal shall be Printed thereon. No bond shall be valid until it has been authenticated by the maiiual signature of an atlthorized officer or employee of the Paying Agent and tlie date of authenticatioil noted thereon. S. The bonds sliall be in substantially the following form: REGISTERED REGISTERED No. R-- $ UNITED STATES OF AMERICA COMMONWEALTH OF VIRGINIA CITY OF VIRGINIA BEACH Public Improvement Bond, Series of 1984 INTEREST RATE @IATURITY DATE DATE OF ORIGINAL ISSUE CUSIP % July 15, 1984 REGISTERED OWNER: 7 - PRINCIPAL A@IOUNT: DOLLARS The City of Virginia Beach, Virginia (the City), for value received, hereby promises to pay, upon surrender liereof at the principal corporate trust office of Citibank, N.A., New York, New York (the Paying Acient), to the registered owner hereof, or registered assigns or legal representative, the principal sum stated above on the maturity date stated above, subject to prior redemption as hereinafter provided, and to pay interest hereon semiannually on each January 15 and July 15 at the annual rate stated above. Interest is payable (a) from July 15, 1984, if this bond is authenticated prior to January 15, 1985, or (b) otherwise from the January 15 or July 15 that is, or immediately precedes, the date on whi,h this bond is authenticated (unless payment Of interest hereon is in default, in wliicli case this bond sliall bear int,,e,t from the date to which interest has been paid). Interest is payable by check or draft mailed to the registered owner hereof at hi, address as it appears on the first day of the month of each i,- terest payment date on registration books kept by the Paying Agent. Principal, premium, if any, and interest are payable in lawful money of the United States of America. THE PROVISIONS OF THIS BOND ARE CONTINUED ON THE RE- VERSE HEREOF, AND SUCH CONTINUED PROVISIONS SHALL FOR ALL PUR- POSES HAVE THE SAME EFFECT AS IF SET FORTH ON THE FACE HEREOF. All acts, conditions and things required by the Consti- tution and statutes of the Commonwealth of Virginia to happeli, exist or be performed precedent to and in the issuance of this bond have happened, exist and have been performed, aiid tlie issue of bonds of which this bond is one, together witli all other indebtedness of the City, is within every debt and other limit prescribed by the Constitution and statutes of the Com- monwealth of Virginia. This bond shall not be valid until the Paying Agent shall have executed the Certificate of Authentication appearing hereon and inserted the date of authentication hereon. IN WITNESS WHEREOF, the City of Virginia Beach, Vir- ginia, has caused tliis bond to be signed by tile facsimile sig- nature of its Mayor, to be countersigiied by the facsimile sig- nature of its Clerk, a facsimile of its seal to be printed hereon, and this bond to be dated July 15, 1984. COUNTERSIGNED: (SEAL) Clerk Mayor Date Authenticated: CERTIFICATE OF AUTHENTICATION This bond is one of the bonds described in the within- mentioned resolution. Paying Agent By Authorize (Reverse of Bond) ADDITIONAL BOND PROVISIONS This bond is one of an issue of $27,970,000 Public Im- provement Bonds, Series of 1984, of like date and tenor, except as to number, denomination, rate of interest, privilege of re- demption and maturity, aiid is issued pursuant to the Constitu- tion and statutes of the Commonwealth of Virginia, including the City Charter and the Public Finance Act. Of such amouiit, $8,400,000 is the unissued balance of tlie $22,900,000 bonds which were authorized by an ordinance adopted by the Council on August 27, 1980, and approved at an election held on November 4, 1980, to finance the cost of a program of road construction and improvement, and $19,570,000 was authorized by an ordinance adopted by the Council on December 12, 1983, as amended on February 13, 1984, without being submitted to the voters, to finance various public improvements. Bonds maturing on or before July 15, 1994, are not sub- ject to redemption prior to maturity. Bonds maturing on or after July 15, 1995, are subject to redemption prior to maturi--- ty at the option of the City on or after July 15, 1994, in -10- whole at any time or in part on any interest payment date, upon payment of the following redemption prices, expressed as a per- centage of the principal amount of bonds to be redeemed, plus interest accrued and unpaid to the redemption date: Period During Which Redeemed Redemption (both dates inclusive) Price JulY 15, 1994 to July 14, 1995 102 1/2% JulY 15, 1995 to July 14, 1996 102 July 15, 1996 to july 14, 1997 101 1/2 JulY 15, 1997 to July 14, 1998 101 JulY 15, 1998 to July 14, 1999 100 1/2 July 15, 1999 and tliereafter 100 If less than all of the bonds are called for redemption, ti-,e bonds to be redeemed shall be selected by the City's chief fi- nancial officer in such manner as he may determine to be in the best interest of the City, each portion of $5,000 principal amount being counted as one bond for such purpose. The City shall cause notice of the call for redemption identifying the bonds or portions thereof to be redeemecl to be sent by regis- tered or certified mail not less than 30 nor more than 60 days prior to the redemption date to the registered owner of each bond to be redeemed at his address as it appears on the regis- tration books kept by the Paying Agent. If a portion of this bond is called for redemption, a new bond in principal amount equal to the unredeemed portion hereof will be issued to the registered owner upon the surrender hereof. The full faith and credit of the City are liereby irrevocably pledged for the payment of priilcipal of aild inter- est on this bond. The bonds are issuable as fully registered bonds in denominations of $5,000 and multiples thereof. Upon surrender of this bond at the principal corporate trust office of tlle Paying Agent, together with an assignment duly executed by the registered owner or his duly authorized attorney or legal rep- resentative in such form as shall be satisfactory to the Paying Agent, the City shall execute, and the Paying Agent shall au- thenticate and deliver in exchange, a new bond or bonds having an equal aggregate principal amount, in authorized denomina- tions, of the same form and maturity, bearing interest at the same rate, and registered in names as requested by the then registered owner hereof or his duly authorized attorney or legal representative, all subject to the limitations and condi- tions provided in the resolution authorizing the issuance of the bonds. Any such exchange shall be at the expense of the City, except that the Paying Agent may charge the person re- questing such exchange tlie amount of any tax or other govern- mental charge required to be paid with respect thereto. The Paying Agent shall treat the registered owner as the person exclusively entitled to payment of principal, premi-. um, if any, and interest and the exercise of all other rights -12- and powers of the owner, except that iiiterest paymelits sliall be made to the person shown as owner on the registration books on the first day of the month of each interest payment date. ASSIGNMENT FOR VALUE RECEIVED the undersigiied hereby sell(s), as- sign(s) and transfer(s) unto (Please print or type name and address, incltiding postal --ip code, of Transferee) PLEASE INSERT SOCIAL SECURITY OR OTHER IDENTIFYINC; NUMBER OF ASSIGNEE: the within bond and all rights thereunder, hereby irrevocably constituting and appointing Attorney, to transfer s tration thereof, with u 1 power of substitutlon in the premises. Dated: Signature Guaranteed NOTICE: Signature(s) must be Signatu@. of Rgiste@ed Owne@) guaranteed by a member firm of the New York Stock Notice: The signature above Exchange or a commercial bank must correspond with the name or trust company. of the registered owner as it appears on the front of this 13 - bond in every Particular, without alteration or enlarge- ment or any change whatsoever. 6. The full faith and credit of the City are hereby irrevocably pledged for the payment of principal of and inter- est on the bonds. Unless other funds are lawfully available and appropriated for timely payment of the bonds, the Council shall levy and collect an annual ad valorem tax over and above all other taxes authorized or limited by law on all locally taxable property in the City sufficient to pay the principal of and interest on the bonds, as the same become due and payable, 7. The Paying Agent shall maiiitain registration books for the registration of bonds. Upon surrender of any bonds at the principal corporate trust office of the Paying Agent, to- gether with an assigiiment duly executed by the registered owner or Iiis duly authorized attorney or legal representative in such form as shall be satisfactory to the Paying Agent, the City shall execute and the Paying Agent shall authenticate and de- liver in exchange, a new bond or bonds having an equal aggre- gate principal amount, in authorized denominations, of the same form and maturity, bearing interest at the same rate, and reg- istered in names as requested by the then registered owner or his duly authorized attorney or legal representative. Any such exchange shall be at the expense of the City, except that the Paying Agent may charge the person requesting such exchange the -14- amount of any tax or other governmental cliarge required to be paid with respect thereto. The Paying Agent shall treat the registered owiier as the person exclusively entitled to payment of principal., premi- um, if any, and iilterest and the exer,i,e of all other rights and powers of the owner, except that interest payments shall be made to the person shown as owner on the registration books on the first day of the month of each interest payment date. 8. The City Manager, in collaboration with Government Finance Associates, Inc., the City's Fiijancial Advisor, is hereby authorized and directed to take all proper steps to ad- vertise the bonds for sale substantially in accordance with tlle form of Notice of Sale attached hereto, provided tl-iat the City Manager, in collaboration with Government Finance Associates, Inc., may make such chaiiges in the Notice of Sale not inconsis- tent with this resolution as he may consider to be in the best interest of the City. 9. A draft dated June 6 , 1984, of a Preliminary offi- cial Statement, copies of which have been provided to the mem- bers of the Council, is hereby approved as the form of the Pre- liminary Official Statement by which the bonds will be offered for sale, with such completions, omissions, insertions and changes not inconsistent with this resolution as the City Man- ager, in collaboration with Government Finance Associates, -15 - Inc., may consider appropriate. The City Manager, in collabo- ration with Government Finance Associates, Inc., sllall make such completions, omissions, insertions and changes in the Pre- liminary Official Statement not inco,sistent with tliis resolti- tion as are necessary to complete the Preliminary official Statement as a final Official Statement. The City Manager shall arrange for the delivery to the successful bidder on the bonds of a sufficient number of copies of the final Official Statement for delivery to each person to whom such bidder and members of his bidding group initially sell the bonds. 10. After bids have been received and the bonds have been awarded, the Mayor, the City Manager and the Clerk are hereby authorized and directed to take all proper steps to have the bonds prepared and executed in accordance with their terms and to deliver the bonds to the purchasers thereof upon payment therefor. 11. All other actions of officers of the City in con- formity with the purposes and intent of this resolution and in furtherance of the issuance and sale of the bonds are hereby approved and confirmed. 12. Such officers of the City as may be requested are hereby authorized and directed to execute an appropriate cer- tificate setting forth the expected use and investment of the proceeds of the bonds in order to show that such expected use - 16- and investment will not violate the provisions of Section 103(c) of the Internal Revenue Code of 1954, as amended, aiid regulations issued pursuant thereto, applicable to "arbitrage bonds." Such certificate shall be in such form as may be re- quested by bond counsel for the City. 13. The Clerk, in collaboration with tlie City Attoriley, is laereby autl-iorized aiid directed to see to tlie immediate fil- ing of a certified copy of this resolution with the Circuit Court of the City of Virginia Beach and within ten days tl-iere- after to cause to be published once in a newspaper having gen- eral circulation in tlie City a notice setting forth (1) in brief and general terms the purposes for which the bonds are to be issued and (2) the amount of such boilds and the amount for each purpose. 14. All resolutions or parts of resolutions in conflict herewith are hereby repealed. 15. This resolution shall take effect immediately. The undersigned Clerk of the City of Virginia Beach, Virginia, hereby certifies that the foregoing constitutes a true and correct extract from the minutes of a regular meeting - 17- of the council of the City of Virgiiiia Beach held on tlie lltli day of June, 1984, and of the whole thereof so far as applica- ble to the matters referred to in such extract. WITNESS my signature and the seal of the City of Vir- ginia Beach, Virginia, this day of June, 1984. (SEAL) Clerk, City of Virginia Beacli, Virginia NOTICE OF SALE $38,150,000 C;eneral Obligation Bonds CITY OF VIRGINIA BEACH, VIRGINIA $27,970,000 Public Improvement Bonds, Series of 1984 $10,180,000 Water and Sewer Bonds, Series of 1984 Sealed bids will be received for the Council of the CitY of Virginia Beach, Virginia, until 11:00 A.M., E.D.T., on June 27,1984 at the office of tlle City manager, City Hall Building, Munici- pal Celiter, Virginia Beacli, Virginia 23456, for the purcliase of all of the City's $38,150,000 General Obligation Bonds, coll- sisting of the two issues described herein, at which time the bids will be publicly op'elled. Tlae bonds will be dated July 15, 1984, and will mature in installments on July 15 in years and amounts as follows: Public Water & Year Imorovemeiit Sewer Total 1985 $ 565,000 $ 365,000 $ 930,000 1986 600,000 390,000 990,000 1987 645,000 420,000 1,065,000 1988 690,000 450,000 1,140,000 1989 745,000 485,000 1,230,000 1990 805,000 525,000 1,330,000 1991 875,000 570,000 1,445,000 1992 955,000 620,000 1,575,000 1993 1,040,000 680,000 1,720,000 1994 1,140,000 740,000 1:880,000 1995 1,250,000 810,000 2,060,000 1996 1,370,000 890,000 9,260,000 1997 1,505,000 975,000 2,480,000 1998 1,655,000 1,075,000 2,730,000- 1999 1,820,000 1,185,000 3,005,000 2000 2,000,000 ------- 2,000,000 2001 2,205,000 ------- 2,205,000 2002 2,435,000 ------- 2,435,000 2003 2,690,000 ------- 2,690,000 2004 2,980,000 ------- 2,980,000 The bonds will be issued in fully registered form in denomina- tions of $5,000 and multiples thereof. Botla principal and semiannual interest payable on January 15 and July 15 will be paid by Citibank, N.A., New York, New York, as paying agent (the Paying Agent). Principal will be payable to registered owners at maturity upon surrender of boiids to the Paying Agent. Interest will be payable by check or draft, dated as of tlle in- terest payment date, and mailed to registered owners. Regis- tered owners are those shown on the records of tlle Paying Agent on the first day of the month of each interest payment date. Bonds maturing on or before July 15, 1994, are not sub- ject to redemption prior to maturity. Bonds matitring on or after July 15, 1995, are subject to redemption prior to maturi- ty at the option of the City on or after July 15, 1994, in whole at any time or in part on any interest payment date, upon payment of the following redemption prices, expressed as a per- centage of the principal amount of bonds to be redeemed, plus interest accrued and unpaid to the redemption date: Period During Which Redeemed Redemption @bo rice July 15, 1994 to July 14, 1995 102 1/2% July 15, 1995 to July 14, 1996 102 July 15, 1996 to July 14, 1997 101 1/2 July 15, 1997 to July 14, 1998 101 July 15, 1998 to July 14, 1999 100 1/2 July 15, 1999 aild thereafter 100 The bonds will be general obligations of the City, se- cured by a pledge of its full faith and credit. The Water and Sewer Bonds will be additionally secured by a pledge of the net revenue of the City's water and sewer system as hereinafter de- scribed. Bidders must stibmit a single bid for all of the bonds of both issues. Bidders are invited to name the rate or rates of interest the bonds shall bear, in multiples of 1/8 or 1/20 of 1%. Any number of rates may be named, but the rate for bonds maturing in the years 1985 through 1999, inclusive, may not exceed 10% per year. The highest rate may not exceed the lowest rate by more than five percentage points. All bonds of both issues maturing on the same date must bear interest at the same rate. No bid for less than all of the bonds of both is- sues or for less than par and accrued interest or for more than 103% of the aggregate amount of the Bonds will be considered. The right to reject any or all bids and to waive irregularities in any bid is hereby reserved. Unless all bids are rejected, the bonds will be awarded to the bidder whose proposal results -2- in the lowest "True Interest Cost (TIC)," stich cost to be de- termined by doubling the semia .... 1 interest rate (compolinded semiannually) necessary to discount the debt service payments of the principal of and interest on the bonds from tlleir pay- ment dates to July is, 1984, and to the price bid, excludilig interest accrued from the date of the bonds to the date of de- livery. In the event two or more bidders offer the same lowest interest rate to purchase the bonds, computed in accordance with the True Interest Cost method, then such award will be made to the bidder offering the higilest premium. The premium, if any, must be paid in funds as part of the purcliase price. Each proposal should be enclosed in a sealed envelope, marked on the outside "Bid for Virginia Beach, Virgillia, Public Improvement Bonds and Water and Sewer Bonds," should be ad- dressed to the Council of the City of Virginia Beach, C/o the office of the City Manager, City Hall Building, Municipal Cen- ter, Virginia Beach, Virginia 23456, and must be accompanied by a certified or cashier's check for $763,000, drawn upon an in- corporated bank or trust company and payable unconditionally to tlie order of the City of Virginia Beach, Virginia, to secure the City against any loss resulting from the failure of the successful bidder to comply with the terms of his proposal. Tlie check of the successful bidder will be deposited and cred- ited to the purchase price, and no interest will be allowed tliereon. Tlie proceeds of the check will be retained by the City as liquidated damages in case the successful bidder fails to accept delivery of and pay for the bonds. Checks of unsuccessful bidders will be returned promptly upon award of the bonds. The bonds will be delivered at the expense of the City on or about July 18, 1984, at a location in New York, New York, to be designated by tlie City after consultation with the suc- cessful bidder, upon payment therefor in FEDERAL FUNDS. It is anticipated that CUSIP identification numbers will be printed on the bonds, but neither the failure to print such numbers on any bond nor any error with respect thereto shall constitute cause for failure or refusal by the successful bidder thereof to accept delivery of and pay for the bonds in accordance with the terms of his proposal. All expenses in connection with the assignment and printing of CUSIP numbers shall be paid by the City. The approving opinion of Messrs. Hunton & Williams of Richmond, Virginia, with respect to the bonds of each issue will be furnished to the successful bidder at the expense of the City, will be printed on the back of the bonds, and will state that the bonds constitute valid and legally binding -3- obligations of the City and that, unless other funds are law- fully appropriated and available for timely payment of the bonds, the Council is authorized and required by law to levy and collect an annual ad valorem tax, without limitati,n s t, rate or amount, on all locally taxable property in tlle City sufficient to pay the principal of and interest on tll, b,,,d, as the same become due. The opinion with respect to the W,t,r a,d Sewer Bonds also will state that the City is required to charge rates or fees to users of its water and sewer system, to fix and maintain such rates or fees at such level as will produce sufficient revenue to pay the cost of operation and administra- tion, the cost of insurance against loss by injury to persons or property and the principal of and interest on the bonds and any bonds heretofore or hereafter issued on account of such system and secured by a pledge of water or sewer revenues, as the same become due, and to apply such revenue to pay such costs and the principal of and interest on such bonds. The usual closing papers will also be furnished, includiilg (1) a certificate signed by the officers who signed the bonds stating that no litigation is then pending, or to their knowledge, tlireatened to restrain or enjoin the issuance or delivery of the bonds or the levy or collection of taxes to pay principal or interest thereon or in any manner questioning the proceed- ings and autliority under which the boiids are issued and (2) a certificate signed by.appropriate City officials relating to the City's Official Statement. The Council will be in session at 12:00 noon on the date of the sale for the purpose of taking prompt action on the bids. For further information relating to the bonds and the City, reference is made to the City's Official Statement. Bid- ders are requested, but not required, to use the official bid form which, together with the Official Statement, may be ob- tained from the City's Department of Finance, Municipal Center, Virginia Beach, Virginia 23456 (telephone (804)427-4681), the City's financial advisor, Government Finance Associates, Inc., 101 Carnegie Center, Princeton, New Jersey 08540 (telephone (609) 452-1575), or the State Commission on Local Debt, Common- wealth of Virginia, P.O. Box 6-H, Richmond, Virginia (telephone (804) 225-2391). -4- June 6, 1984 Draft of Preliminary Official Statement Dated June 12, 1984 NEW ISSUE Moody's Investors Service, Inc. Standard and Poor's Corporation (see "Ratings") Official Statement Relating to the Original Issuance of $38,150,000 General obligation Bonds - 1984 Series THE CITY OF VIRGINIA BEACH, VIRGINIA $27,970,000 Public Improvement Bands, Series of 1984 $io,lgo,ooo Water and Sewer Bonds, Series of 1984 Dated: July 15, 1984 Due: July 15, as shown below The Bonds will be issued as fully registered bonds in the denomination of $5,000 each or any integral multiple thereof. The Bonds will bear interest from July 15, 1984. Interest on the Bonds will be payable on January 15 and July 15, commencing January 15, 1995, by check or draft mailed to the registered owners of record on the 1st day of the month of each interest payment date. Principal and premium, if any, on the Bonds will be payable at the principal corporate trust office of the Citibank, N.A., Paying Agent and Bond Registrar. In the opinion of Bond Counsel, interest on the bonds will be exempt under existing statutes and court decisions from all present federal income taxes and from taxation by the Commonwealth of Virginia. The Bonds are subject to redemption prior to their stated final maturities at the option of the City as described under "Description of Bonds - Redemption." Public Water and Price Maturing Improvement Bonds Sewer Bonds or Yield 1985 565,000 365,000 1986 600,000 390,000 1987 645,000 420,000 1988 690,000 450,000 1989 745,000 485,000 1990 805,000 525,000 1991 875,000 570,000 1-1 1992 955,000 620,000 1993 1,040,000 680,000 1994 1,140,000 740,000 1995 1,250,000 810,000 1996 1,370,000 890,000 1997 1,505,000 975,000 1998 1,655,000 1,075,000 1999 1,820,000 1,185,000 2000 2,000,000 2001 2,205,000 2002 2,435,000 2003 2,690,000 2004 2,980,000 The prices or yields shown above were furnished by the successful bidders. Other information concerning the terms of reoffering of the Bonds should be obtained from the successful bidders, and not from the City of Virginia Beach, Virginia. @ "Sale at Competitive Bidding." The Bonds are offered for delivery when, as and if issued, subject to the approval of validity by Hunton & Williams, Richmond, Virginia, Bond Counsel, as provided herein. The Bonds in definitive form will be available for delivery on or about July 18, 1984. The date of this Preliminary Official Statement is June 12, 1994 and the information contained herein speaks only as of that date. 1-2 CITY OF VIRGINIA BEACH, VIRGINIA CITY COUNCIL Louis R. Jones, Mayor Owner/President Holloman-Brown Funeral Homes, Inc. Barbara M. Henley, Vice Mayor Educator John A. Baum Robert G. Jones Farmer Attorney-At-Law Nancy A. Creech W. Hugh Kitchin, Ill Owner/President Innkeeper Ayers Insulating and Supply Company, Inc. Harold Heischober Reba S. McCianan Owner Educator/Civic Leader Pembroke Chrysler, Plymouth, Mazda H. Jack Jennings, Jr. J. Henry McCoy, Jr., D.D.S. Insurance Dentist Meyera E. Oberndorf Educator/Civic Leader Effective July 1, 1984, Mr. Kitchin will be replaced by Robert Fentress, Banker, Virginia Beach Bank of Commerce. Thomas H. Muehlenbeck, City Manager Giles G. Dodd, Assistant to the City Manager for Finance and Research J. Dale Bimson, City Attorney Ruth Hodges Smith, City Clerk Hunton & Wdliams, Bond Counsel McGladrey, Hendrickson & Pullen, Independent Auditors Government Finance Associates, Inc./ Government Finance Research Center, Financial Advisors 1-3 No dealer, broker, sale@ or other person has been authorized by the City or the successful bidders to give any information or to nELke any representations with respect to Virginia Beach, Virginia, or Bonds issued thereby, other than those contained in this Official Statemnt, and if given or made, such other informtion or representations must not be relied upon as hav@ been authorized by the City or the successful bidders. This Official Stat@t does not constitute an offer to buy, nor shall there be any sale of the Bc)nds by any person, in any jurisdiction in which it is unlawful for such person to make such offer solicitation or sale. TABLE OF CONTENTS Page SECTION 1: THE ISSUE General Description of the Bonds General Form and Denomination Security Redemption Authorization and Purpose of the Bonds Public Improvement Bonds, Series of 1984 Water and Sewer Bonds, Series of 1984 Bondholders Remedies in the Fvent of Default Sale at Competitve Bidding Legal Opinions and Tax Exemption Ratings Litigation Auditors Commitments and Contingencies Certificates of City Officials Additional Information Miscellaneous SECTION Ii: CITY INDEBTEDNESS Limitations on Incurrence of Debt Debt Statement Key Debt Ratios Water and Sewer System Debt Assets Acquired Under Capital Leases Overlapping Debt Short-Term Borrowing Debt History Capital Improvement Program SECTION Ill: FINANCIAL INFORMATION Basis of Accounting and Accounting Structure Reporting Entity Fund Accounting Independent Auditor 1-4 Certificate of Conformance Budgetary Process Current Operating Budget General Fund Revenues Personal and Real Property Tax Revenues Published F@cial Information Recent Financial Results Retirement and Pension Plans Employee Relations and Collective Bargaining SECTION IV: THE WATER AND SEWER SYSTEM General Financial Operations Rates, Fees, and Charges Revenues and Expenses Capital Improvement Program Background The Lake Gaston Project Financing Plan SECTION V: THE CITY Introduction Certain Elected Officials and Administrative/Financial Staff Members Governmental Services and Facilities Economic and Demographic Factors Population Income Housing and Construction Activity Employment Industry Tourism and Convention Commercial Business Military This Official Statement is not to be construed as a contract or agreement between the City and the purchasers or holders of any of the bonds. AU quotations froin and summaries and explanations of provisions of law and documents herein do not purport to be complete and reference is made to such laws and documents for fulj and complete statements of their provisions. Any statements made in this Official Statement involving estimates or matters of opinion, whether or not expressly so stated, are intended merely as estimates or opinion and not as representations of fact. The information and expression of opinion herein are subject to change without notice and neither the delivery of this Off icial Statement nor any sale made hereunder shall, under any circumstances, create any implications that there has been no change in the affairs of the City since the respective dates as of which information is given herein. 1-5 SECTION ONE THE ISSUE GENERAL The purpose of this Official Statement is to furnish information in connection with the sale by the City of Virginia Beach, Virginia (herein called the "City") of $38,150,000 General Obligation Bonds (herein called the "Bonds"). The Bonds will be general obligations of the City, to the payment of which the full faith and credit and unlimited taxing power of the City are irrevocably pledged. This Official Statement has been approved and authorized by the City for use in connection with the sale of Bonds. Financial and other information contained in this Official Statement have been prepared by the City from its records (except where other sources are noted). The information is not intended to indicate future or continuing trends in the financial or economic position of the City. DESCRIPTION OF THE BONDS General The Bonds are an issue of $38,150,000 serial General Obligation Bands, to which the full faith and credit and unlimited taxing power of the City are pledged for payment and performance, dated and payable in annual installments (See "Security for the Bonds" below), on July 15 of each year, beginning with the year 1985 and ending with the year 2004, in the principal amounts and at rates set forth on the cover page of this Official Statement. Beginning July 15, 1994, the Bonds maturing on or after July 15, 1995, may be redeemed prior to their stated maturities at the option of the City. (See "Redemption" below). Form and Denomination The Bonds will be issued as fully registered bonds without coupons, in the denomination of $5,000 or any integral multiple thereof. The Bonds will be transferable only upon the registration books of the City maintained at the principal corporate trust office of the Paying Agent, by the registered owner thereof in person, or by his attorney duly authorized in writing, upon surrender thereof together with a written instrument of transfer in the form attached thereto and satisfactory to the Paying Agent and duly executed by the registered owner or his duly authorized attorney. The City may deem and treat the person in whose name a Bond is registered as the absolute owner thereof for the purpose of receiving payment of or on account of the principal or redemption price thereof and interest due thereon and for all other purposes. Interest on the Bonds is payable semi-annually on January 15 and July 15. The principal of and premium on the Bonds, if any, will be payable at the principal corporate trust office of Citibank, N.A., New York City, New York (the "Paying Agent"). Semi-annual interest on the Bonds will be payable by check or draft of the Paying Agent mailed to the registered owners thereof. No 1-6 charge will be made to or fee imposed upon bondholders by the Paying Agent in connection with its duties as registrar and transfer agent of the Bonds. Security The Bonds are general obligations of the City, to the payment of which the full faith and credit and unlimited taxing power of the City are irrevocably pledged. The ordinances authorizing the issuance of the Bonds provide that the City Council shall, in each year while any of the Bonds shall be outstanding, levy and collect an ad valorem tax upon all property in the City subject to local taxation, sufficient to pay the principal of and the interest on the Bonds as the same shall come due, unless other funds are legally available and appropriated for timely payment of the Bonds. With respect to the $10,180,000 Water and Sewer Bonds, Series of 1984 (the "Water and Sewer Bonds"), the City is required to charge rates or fees at such level as will produce sufficient revenue to pay the costs of operation and administration, the cost of insurance against loss by injury to persons or property, and the principal of and interest on the Water and Sewer Bonds and any bonds heretofore or hereafter issued for such system and secured by a pledge of water or sewer revenues, as the same become due, to apply such revenue to pay such costs and the principal of and interest on such bonds. Redemption The Bonds that mature on or before July 15, 1994, are not subject to redemption prior to their maturities. The Bonds that mature on and after July 15, 1995, are subject to redemption beginning July 15, 1994, as a whole at any time or in part on any interest payment date, at the option of the City, at the following redemption prices expressed as percentages of the principal amount of Bonds to be redeemed plus accrued interest thereon to the date fixed for redemption: Period During Which Redeemed Redemption (both dates inclusive) Price J uly 15, 1994 to July 14, 1995 102 1/2% July 15, 1995 to July 14, 1996 102 July 15, 1996 to July 14, 1997 101 1/2 July 15, 1997 to July 14, 1998 101 July 15, 1998 to July 14, 1999 100 1/2 July 15, 1999 and thereafter 100 If less than all of the Bonds of a maturity are called for redemption, the Bonds to be redeemed shall be selected by the City Treasurer in such manner as he may determine to be in the best interest of the City, each portion of the $5,000 principal amount being counted as one Bond for such purpose. The City shall caLLse notice of the call for redemption identifying the bonds or portions thereof to be redeemed to be sent by registered or certified mail to the registered owners thereof not less than 60 days prior to the redemption date. If 1-7 a portion of a Bond is called for redemption, a new bond in principal amount equal to the unredeemed portion shall be issued to the registered owner upon the surrender thereof. AUTHORIZATION AND PURPOSE OF THE BONDS All of the Bonds are to be issued pursuant to the Constitution and statutes of the Commonwealth of Virginia, including the Charter of the City of Virginia Beach (Chapter 147, Acts of Assembly of 1962, as amended) and the Public Finance Act, being Chapter 5, Title 15.1, Code of Virginia of 1950, as amended. Public Improvement Bonds, Series of 1994 Of the total $27,970,000 Public Improvement Bonds, Series of 1984, $19,570,000 were authorized by an ordinance adopted by the City Council on December 12, 1983 and amended on February 13, 1984 to provide funds, together with other available funds, for the following purposes: School projects, including planning, site acquisition and improvement, construction, enlargement, renovation and equipping of schools and related facilities $ 3,308,497 Parks and recreation projects, including planning, site acquisition, renovation, and development of new parks and community and recreation centers, golf course, racquetball courts and a bikeway 1,568,940 Engineering and highway projects, including right-of-way acquisition, improvement and extension of streets, bridges, and highways, and studies, design and construction of drainage systems and related facilities 7,070,363 Dredging Eastern Branch Lynnhaven River 287,000 Building projects, including planning, site acquisition and improvement, construction, renovation and equipping of various municipal buildings and facilities, including third police precinct, radio tower, animal control building, juvenile court building and district court, energy conservation, central library, Virginia Museum of Marine Sciences, and human resources building 7,335,200 Total $ 19,570,000 The remaining $8,400,000 of the Public Improvement Bonds represents the third and final installment of $22,900,000 road bonds authorized by the City Council in a duly adopted ordinance on August 27, 1980 and approved by the qualified voters of the City in an election held on November 4, 1980. The road bonds, together with other available funds, will finance the cost of a program 1-8 of road construction and improvement. The first installment of the total authorization of $22,900,000 road bonds was the issuance on March 3, 1982 of $13,200,000 Road Bonds, Series of 1981. The second installment was the issuance of $1,300,000 Road Bonds, Series of 1982, on December 15, 1982. Water and Sewer Bonds, Series of 1994 On August 27, 1980 the City Council by a duly adopted ordinance authorized a total of $46,000,000 water and sewer bonds which were approved by qualified voters of the City in an election held on November 4, 1980, to finance together with other available funds, the cost of continuing the City's improvement program for its water and sewer system. On March 3, 1982 the first installment of $16,000,000 Water and Sewer Bonds, Series of 1981 was issued and sold against the $46,DOO,000 total authorization. The second installment was the issuance of $7,500,000 Water and Sewer Bonds, Series of 1982, on December 21, 1982. The current issue represents the third installment against the total authorization and when issued and sold will leave a balance of $12,320,000 authorized and unissued for such purpose. BONDHOLDERS REMEDIES IN THE EVENT OF DEFAULT Section 15.1-225 of the Code of Virginia of 1950, as amended, provides that upon petition of any holder of a general obligation bond in default for over 60 days as to payment of principal or interest, the Governor shall conduct a summary investigation to his satisfaction and, if such default continues for an additional 60 days, the Governor shall order the State Comptroller to withhold all funds appropriated and payable by the Commonwealth to the political subdivision so in default and apply the amount so withheld to payment of the defaulted principal and interest. The State Comptroller advises that to date no order to withhold funds pursuant to Section 15.1-225 has ever been issued. Although Section 15.1-225 has not been approved by a Virginia Court, the Attorney General of Virginia has ruled that appropriated funds may be withheld by the Commonwealth pursuant to that section. In the Fiscal Year ended June 30, 1983, the Commonwealth appropriated $83,950,327 to the City of which $36,649,949 was deposited in the City's General Fund. Neither the Bonds nor the proceedings with respect thereto specifically provide any remedies to Bondholders if the City defaults in the payment of principal of or interest thereon, nor do they contain any provision for the appointment of a trustee to enforce the interests of the Bondholders upon the occurrence of such default. Upon any default in the payment of principal or interest, a Bondholder could, among other things, seek from an appropriate court a writ of mandamus requiring the City Council to observe the covenants contained in the Bonds. The mandamus remedy, however, may be impracticable and difficult to enforce. Furthermore, the right to enforce 1>ayment of the Bonds may be limited by bankruptcy, insolvency, reorganization, moratorium and similar laws and equitable principles, which may limit the specific enforcement of certain remedies. 1-9 Although Virginia law currently does not authorize such action, future legislation may enable the City to file a petition for relief under the United States Bankruptcy Code (the "Bankruptcy Code") it it is insolvent or unable to pay its debts. Bankruptcy proceedings by the City could have adverse effects on the Bondholders, including (1) delay in the enforcement of their remedies, (2) subordination of their claims to claims of those supplying goods and services to the City after the initiation of bankruptcy proceedings and to the administrative expenses of bankruptcy proceedings, (3) imposition without their consent of a reorganization plan reducing or delaying payment of the Bonds and (4) termination of the lien on revenues of the City's water and sewer system created for holders of the Water and Sewer Bonds. The Bankruptcy Code contains provisions intended to ensure that, in any reorganization plan not accepted by at least a majority of a class of creditors such as the holders of general obligation bonds, such creditors will have the benefit of their original claim or the "indubitable equivalent." The effect of these and other provisions of the Bankruptcy Code cannot be predicted and may be significantly affected by judicial interpretation. SALE AT COMPETITIVE BIDDING The Bonds will be offered by the City at CoMpetitive bidding on June 27, 1984 in accordance with the Notice of Sale, the form of which is included with the Preliminary Official Statement. The interest rates shown on the cover of this Official Statement will be the interest rates resulting from the award of the Bonds at the competitive bidding. The award of the Bonds will be made to the bidder offering the lowest interest rate to the City. The lowe@t interest rate will be determined in accordance with the true interest cost (TIC) method, by doubling @ semiannual interest rate (compounded semiannually) necessary to discount the debt service payments from the payment dates to the date of the Bonds and to the price bid, excluding interest accrued to the date of delivery. LEGAL OPINIONS AND TAX EXEMPTION Certain legal matters relating to the authorization and validity of the Bonds are subject to the approval of Messrs. Hunton & Williams of Richmond, Virginia, Bond Counsel, whose opinions will be furnished at the expense of the City upon delivery of the Bonds and will be printed on the back of the Bonds. Bond Counsel has not prepared this Official Statement and has not verified its accuracy, completeness or fairness. Accordingly, Bond Counsel will express no opinion of any kind as to the Official Statement, and the opinions of Bond Counsel will be limited to matters relating to the authorization and validity of the Bonds and the exemption of interest on the Bonds under present Federal and Virginia income tax laws. 1-10 Under existing statutes and court decisions, interest an the Bonds will be exempt, in the opinion of Bond Counsel, from all present Federal income taxes and from taxation by the Commonwealth of Virginia. Appendix B contains the expected form of Bond Counsel's opinions. RATINGS The City's current credit ratings on outstanding general obligation bonds are Aa from Moody's Investors Service, Inc. and.AA from Standard & Poor's Corporation. The rating of Aa assigned by Moody's to the bonds is the second highest of ten ratings used to designate the relative investment qualities of bonds and is described as follows: "Bonds which are rated Aa are judged to be of high quality by all standards. Together with the Aaa group they comprise what are generally known as high grade bonds. They are rated lower than the best bonds because margins of protection may not be as large as in Aaa securities or fluctuation of protective elements may be of greater amplitude or there may be other elements present which make the long-term risks appears somewhat larger than in Aaa securities." The rating of AA assigned by Standard and Poor's to the Bonds is the second highest of ten ratings used to designate the relative investment qualities of bonds and is described as follows: "Bonds rated "AAII have a very strong capacity to pay interest and repay principal and differ from the highest-rated issues only in a small degree." Ratings on the General Obligation Bonds, Series of 1984 have been applied for from Moody's Investors Service, Inc. and Standard & Poor's Corporation. An explanation of the significance of such ratings may be obtained only from the rating agency furnishing the same. The City furnished to such rating agencies the information contained in a preliminary form of this Official Statement and certain publicly available materials and information regarding the City. Generally, rating agencies base their ratings on such materials and information, as well as investigations, studies, and assumptions of the rating agencies. Such ratings may be changed at any time and no assurance can be given that they will not be revised downward or withdrawn entirely by either or both of such rating agencies if, in the judgment of either or both, circumstances so warrant. Such circumstances may include, without limitations, changes in or unavailability of information relating to the City. Any such downward revision or withdrawal of either of such ratings may have an adverse effect on the market price of the Bonds. LITIGATION According to the City Attorney, there is no litigation of any kind now pending or, to the best of his information, knowledge and belief, threatened to restrain or enjoin the issuance or delivery of the Bonds or in any manner questioning the proceedings and authority under which the Bonds are issued or 1-11 affecting the ability of the City to levy or collect ad valorem taxes without limitation as to rate or amount for payment of the Bonds, or the interest on such Bonds. During the normal course of business, the City and its employees have been named as defendants in claims for personal injuries, property damage and specific performance which are being defended by the City Attorney and associated counsel. The City's potential liability is protected partially by indemnification agreements. It is the opinion of the City Attorney, however, that any possible losses in connection with such litigation will not materially affect the City's financial condition. In addition, the following suit relating to a breach of contract David 1. Levine v. City of Virginia Beach (Case L-13728 of the Circuit Court of the City of Virginia Beach) alleges damages in the amount of $61,000,000, and any judgment resulting therefrom would not be covered by the City's insurance program. Since such suit has not reached the discovery stage, the City Attorney is unable to comment on its merits, the likelihood of plaintiff prevailing, or the amount of damages that may be recoverable. Therefore, the City is unable to estimate the effect this suit may have on the financial condition of the City. AUDITORS The Charter of the City requires that an independent audit of all accounts, books, records and financial transactions of the City be made each year by a firm of independent certified public accountants selected by the City Council. In Fiscal Year 1983, the audit was performed by the firm of A. M. Pullen & Company, Norfolk, Virginia. The audit for Fiscal Years 1979 through 1982 was performed by A. Lee Rawlings & Company, Norfolk, Virginia. The opinion of the independent auditors for the period set forth in their report is, along with the Fiscal Year 1983 Financial Statement, presented as a part of this Official Statement in Appendix A. The City's auditors for fiscal year 1984 will be the firm of McGladrey, Hendrickson & Pullen, Norfolk, Virginia. COMMITMENTS AND CONTINGENCIES The City has entered into agreements with Isle of Wight County, Southampton County, the City of Suffolk, the Federal Government and the Commonwealth of Virginia and is contingently liable for obligations as a result of those agreements. The details of these contingent liabilities are shown in Note 7 of "Notes to Financial Statements" in Appendix A of this Official Statement. As a member of the Public Service Authority of Virginia, the City has guaranteed the payment of a part of certain notes of the Authority. The amount of obligations guaranteed by the City is approximately $1,040,000. This obligation will be relieved upon the Authority's issuance of revenue bonds for the construction of a refuse-to-energy facility. 1-12 CERTIFICATES OF CITY OFFICIALS Concurrently with the delivery of the Bonds the City will furnish (1) a certificate dated the date of delivery of the Bonds, signed by the officers who sign the Bonds and stating that no litigation is then pending or, to their knowledge, threatened to restrain or enjoin the issuance or delivery of the Bonds or the levy or collection of taxes to pay principal or interest thereon or in any manner questioning the proceedings and authority under which the Bonds are issued and (2) a certificate dated the date of the delivery of the Bonds, signed by the appropriate City officials and stating that the descriptions and statements in this Official Statement (except in the section entitled "Litigation") on the date of this Official Statement and on the date of delivery were and are true and correct in adi material fact required to be stated therein or necessary to make such descriptions and statements, in the light of the circumstances under which they were made, not misleading, and that no material adverse change has occurred in the financial condition of the City between the date of this Official Statement and the date of delivery of the Bonds other than as contemplated in this Official Statement. Such certificate will also state, however, that such City officials did not independently verify the information indicated in this Official Statement as having been obtained or derived from sources other than the City and its officers but that they have no reason to believe that such information is not accurate. The City Attorney will also furnish concurrently with the delivery of the Bonds a certificate dated the date of delivery of the Bonds, stating that the statements in the section herein entitled "Litigation" on the date of this Official Statement and on the date of delivery were and are true and correct in all material respects and did not and do not contain an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make such statements, in the light of the circumstances under which they were made, not misleading. Additional Information Any questions concerning the content of this Official Statement should be directed to the Department of Finance, Municipal Center, Virginia Beach, Virginia 23456 (804) 427-4681. Copies of this Official Statement, Notice of Sale, and Bid Form may be obtained from the Department of Finance, the City's Financial Advisor, Government Finance Associates, Inc., 101 Carnegie Center, Princeton, New Jersey 08540 (609) 452-1575, or the State Commission on Local Debt, Commonwealth of Virginia, P.O. Box 6-H, Richmond, Virginia (804) 225-2391. Miscellaneous This Official Statement and any advertisement of the Bonds are not to be construed as a contract with the purchasers of the Bonds. Any statements made in this Official Statement involving matters of opinions or of estimates, 1-13 whe@r or not so expressly identified, are set forth as such and not - representations of fact, and no representation is made that any of the estimates will be realized. Information relating to the location, economy and finances of the City of Virginia Beach and the surrounding areas found herein was prepared for the City under the direction of Government Finance Associates and the Government Finance Research Center, Financial Advisors to the City. The City Council has by resolution authorized the execution and delivery of this Official Statement on behalf of the City. City of Virginia Beach, Virginia Br. Thomas H. Muehlenbeck City Manager June 12, 1984 I-14 SECnON TWO CITY INDEBTEDNESS Limitations on Incurrence of Debt Pursuant to the Constitution of Virginia (the Constitution) and the Public Finance Act, Chapter 5, Title 15.1, Code of Virginia, as amended, a city in Virginia is authorized to issue bonds and notes secured by a pledge of its full faith and credit and unlimited taxing power. The Constitution and the Public Finance Act also limit the indebtedness which may be incurred by cities to 10 percent of the assessed valuation of real estate subject to local taxation. There is no requirement in the Virginia Constitution or the Virginia statutes that the issuance of general obligation bonds of the city be subject to approval of the electors of the city at referendum. At April 30, 1984, the total assessed value of property in the City was $7,928,159,495, which translates into a debt limit of $792,815,949. The City's net tax-supported debt as of May 30, 1984 totaled $188,080,412 and represents 25 percent of this limit. The City Charter further limits the City's power to create debt. It provides that no bonds or notes (other than revenue anticipation notes, revenue bonds and other obligations excluded from the City's debt limit under Section 10(a) of Article VII of the Constitution) shall be issued until their issuance has been authorized by a majority of the qualified voters of the City voting in an election on the question. The City Charter further provides, however, that the City Council may issue bonds or notes without election in any calendar year in stich amounts as shall not increase the total indebtedness of the City, as determined in the manner set forth in Section 10(a) of Article VU of the Constitution, by more than $10,000,'OOO above the amount of such indebtedness at the beginning of such calendar year. For purposes of computing the annual rimitation on the amount of bonds or other obligations that niay be issued without an election, authorized and unissued bonds or other obligations which could have been issued without an election on December 31 in the year they were authorized niay be issued in a subsequent year without affecting the annual limitation for such subsequent year. Contractual obligations of the City other than borids and notes are not included within the limitations described in this paragraph. The General Obligation Public Improvement Bonds, Series of 1984, are being issued in compliance with the above-mentioned City Charter provision with reference to bonds issued without an election. The General Obligation Road Bonds, Series of 1984, and General Obligation Water Sewer Bonds, Series of 1984, were approved at an election held on November 4, 1980. Debt Statement The following table sets forth the net tax-supported debt of the City outstanding as of May 31, 1984, including the current offering. Debt Statement Outstanding Debt (as of May 31, 1984): General Obligation Bonds 1 $ 167,845,000 Water and Sewer General Obligation Bonds 57,540,000 Water and Sewer Revenue Bonds 13,940,000 $ 239,325,000 Plus: Capital Lease Obligations $10,101,882 This Issue- 38,150,000 $ 287,576,882 Less: 4 $ 97,658,600 Self-Supporting Water and Sewer Debt 5 1,837,870 Self-Supporting Capital Lease Obligations Net Tax-Supported Debt: 6 $ 188,080,412 Notes: I Water and Sewer General Obligation Bonds are supported by revenues from charges for water and sewer service, 2 Water and Sewer Revenue Bonds are not secured by a pledge of the City's General Obligation. They are suported solely by revenues from charges for water and sewer service. 3 Includes $27,970,000 General Obligation Public Improvement Bonds, $10,180,000 General Obligation Water and Sewer Bonds. 4 Includes $10,180,000 General Obligation Water and Sewer Bonds from the current offering. 5 Water and Sewer Capital Lease with the City of Norfolk. 6 The City has no overlapping debt. 11-2 Key Debt Ratios F I S C A L Y E A R May ?O, 1975 1980 1983 1984 Net ax-Supported $77,849,465 $145,346,964 $178,095,000 $188,080,912 Debtl Principal Outstand'Ln@ Per Capit $355.02 $554.34 $609.87 $641.39 Ratio to Estimated Appraised 3 Value 3.0% 3.2% 2.6% 2.5% Ratio of Per Capita Debt to 4 4 Per Capita Income 6.1% 5.7% 5.3% 5.6% 1 Including this issue 2 The City has no overlapping debt. 3 Adjusted for an assessment ratio of 60 percent of Estimated Appraised Value of Real Property. 4 Per capita income figures for 1982 11-3 Rapidity of Principal Retirement All General Obligation Bonds Maturing Amount I Percent of Within Maturin& Total Debt Outstanding 5 years $80,035,000 30.44% 10 years 86,145,000 32.77 15 years 61,075,000 23.30 20 years 32,575,000 12.39 1 adjusted for this issue and includes general obligation bonds serviced from Water and Sewer revenues as of Fiscal Year 1985. Ratio of Annual Debt Service and Capital Lease Obligations to General Governmental Expenditures Ratio of Debt Fiscal Debt Capital Total Service and Lease Payments to Year ServiceI Leases Expenditures Expenditures 1977 $7,699,845 - $111,731,313 6.89% 1978 8,675,745 - 119,894,016 7.24 1979 9,985,141 - 136,602,738 7.31 1980 11,353,158 - 156,127,089 7.27 1981 12,624,058 758,288 187,627,366 7.13 (, 7 1982 17,180,053 1,074,449 210,972,226 8.65 3 1983 19,256,267 1,492,706 232,801,588 8.91 includes debt service on all general obligation bonds. II -4 0 CD (D (4 al C4 10 W (D D -^ " " 0 m a - r, C:) e4,o o cy, *o OT C; C; 06 C; 00 10 t, C4 W% r, r, M Cl% PI - t' 00 1% cn m "N m C4 omo,-m ZR A A 00 t, (Do a o a o o C3 a a (D o "M-^OMO"M VS (PI m w ON al C3 Z'S - @ m r4 E m-t & t' 4) v . 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Prior to 1977, general obligation public improvement bonds, not secured by a pledge of water and sewer revenues, were issued. As of Fiscal Year 1983, $17,639,600 of these bonds were outstanding. Pursuant to Article VII, Sec. 10(a) of the Constitution of Virginia, City has issued General Obligation Water and Sewer Bonds, which are secured by both a pledge of revenues from charges for water and sewer service and a pledge of the City's full faith and credit and unlimited tax power. $59,340,000 of these bonds were were outstanding at the end of Fiscal Year 1983. Pursuant to Article VII, Sec. 10(a)(3) of the Constitution of Virginia, the City has issued Water and Sewer Revenue Bonds which are secured solely by revenues from charges for water and sewer service. $14,100,000 of these bonds were outstanding as of Fiscal Year 1983. It is the City's policy to service all debt issued for water and sewer purposes by revenues from the water and sewer system. Assets Acquired and Finariced Under Capital Leases The City is contractually liable for the payment of $1,784,418 to the City of Norfolk, Virginia in equal annual installments of $250,000 which includes interest at a rate of 4.905989 percent through 1993 for the purchase of water distribution system (excluding raw water mains) owned by Norfolk within the boundaries of the City. This obligation is payable exclusively from revenues from the sale of water furnished the City from Norfolk's "surplus supply," as defined in the Lease-Purchase Contract, and is therefore not considered to be tax-supported debt. The title to the system is to be transferred to the City upon completion of payment, which is expected to occur on June 30, 1993. Computer, communications, public works, copying, typing, word processing and fire equipment, trolley vehicles, voting niachines, and other capital assets have been acquired under capital leases on which the City owes $8,264,012. The estimated scheduled minimum capital lease payments on non-water and sewer lease obligations for the fiscal years ended June 30 are as follows: Fiscal Year Amount 1985 $ 2,586,937 1986 1,957,398 1987 1,802,093 1988 1,446,087 1989 and later 2,903,324 Overlapping Debt 11-7 The City is autonomous from any county, town, or other political sLjbdivision. There are no overlapping jurisdictions with debt outstanding for which City residents are liable. Short-Term Borrowing The City does not borrow on a short-term b"s for working capital purposes. The City's policy is to imintain the general fund balance at a level that provides sufficient cash flow for working capital purposes. Debt History The City of Virginia Beach has never defaulted on its general obligation or water and sewer system long-term or capital lease obligations. U-8 CAPITAL IMPROVEMENT PROGRAM The City has a Capital Improvement Program which is a plan that provides for capital improvements for a five-year period. This plan is reviewed periodically and completely revised each year. It is the City's policy to fund individual capital projects of less than $50,000 through general fund appropriations (pay-as-you-go financing). Consequently, capital projects of less than $50,000 are included in the City's operating budget and not in the Capital Improvement Program. Effective in Fiscal Year 1997, the City will firiance capital projects of less than $250,000 using general fund appropriations. The present plan, which was approved by the City Council on January 16, 1984, is a program of capital spending for the five-year period beginrdng July 1, 1993 and ending June 30, 1988. However, the projects in the plan are considered for planning purposes only until funds are provided and ffey be deleted, altered, or rescheduled in any manner, at any time, by the City Council. The total cost of the five-year program is $409,906,015 of which $74,765,140 has previously been provided. The remainder of $334,040,875 is required to be provided during the five-year period. These resources will be allocated to the following project categories: Percent Uses of Total School Projects $ 71,749,600 17.55% Engineering and Highway Projects 143,483,496 35.10 Building Projects 49,232,190 12.04 Parks and Recreation Frojects 12,707,379 3.11 Water Utility Projects 92,687,350 20.23 Sewer Utility Projects 48,946,000 11.97 TOTAL S 408,806,015 100,00% I The City will be undertaking major capital expenditures in future years for a water supply source (as described in Section Four, "Water and Sewer System"). This Capital Improvement Program includes $59,529,000 for the water supply roject through Fiscal Year 1988, out of a total project cost estirmted at 9172,554,000 with completion expected in FY 91. U-9 Funding for the total program is projected as follows: Percent Sources Total of Total General Appropriations $ 215,000 0.05% Water & Sewer Bonds $111,431,135 27.26% Other General Obligation Bonds 181,500,000 44.39% Total General Obligation Bonds $292,931,135 71.65% Revenue Sharing $26,840,068 6.57% Federal, State and Private Contributions 14,054,672 3.44% Funds Provided Previously 74,765,140 18.29% TOTAL S408,806,015 100.00% 11-10 CAPITAL IMPROVEMENT PROGRAM FY 1984 - FY 1988 SUMMARY OF PROJECT ESTIMATES Funds Budget Estirmted 3roject Previously Year Subsequent Years Total -lass Title Provided 1983-1984 1984-1985 1985-1986 1986-1987 .1987-1988 Cost Schools $15,708,303 $5,138,497 $6,103,800 $10,546,000 $17,555,000 $16,698,000 $71,749,600 @-ngineering ind Highways 27,035,991 19,534,858 20,102,084 23,617,854 28,222,259 24,970,450 143,483,496 3uildings 10,453,322 9,656,868 7,994,344 9,751,676 5,397,430 5,979,550 49,232,190 :'arks and Recreation 3,947,419 1,918,940 1,100,000 1,059,460 2,948,560 1,733,000 12,707,379 rotal Public .mprovement $57,145,035 $36,249,163 $35,300,228 $44,974,990 $54,123,249 $49,380,000 $277,172,66,' OVater Utility $10,603,230 $1,074,110 $7,918,675 $6,864,200 $5,873,000 $50,354,135 $82,687,35C Sewer Utility 7,016,875 1,596,250 11,302,875 10,061,000 6,800,000 12,169,000 48,946,00( Total Utilities $17,620,105 $2,670,360 $19,221,550 $16,925,200 $12,673,000 $62,523,135 $131,633,35( 1 :;RAND TOTAL S74,765,140 S38,919,523 554,521,778 S61,90C).190 S66,796,249 Si 11,903,135 S408,806,01, 10 (n "% <D 00 00 c; 10 (D (4 00 00 "00, V '6 00 CD 0 (D CD 01 00 8 0 c:; (11 C4 00 (4 00 f, r, eq In 00 -n C4 0 CD 01 00 8 8 8 8 CCI) cr, CD In 00 (h f, N co (14 - - - C) C:) D CD CD CD 0 (D ODi 0 00 8 R 0 0 0 o, 8 (D CD m C) 00 .0 00 0 r, A m c; o; (14 z 3 C) (D 0 C) 0 CD CD 00 CD 01 00 c:; c; CD L. 00 m 00 0 f) C'4 - Li 00 CD D 0 C) a CD % o c] 0 ^ (D, 8 8 CL C) SC; C, 00 C4 C4 00 ^C, 00 C-4 (N C4 D m m 0 D m *o C4 c:-l C-J C,4 In -n r4 D o D 00 4D CD C4 U. 1- V> 0 m V> .V> E E 0 bo E E E z '.'o @ =- p -.- - a u E 0 0 z lu v V Iv IU m Z V) ti co r 3 to v ig E ix @ v ru M- M . w0 -6 o @ , (a a. -0 la -o 0,0 -0 -0 0 0 u C) (U 00 a -; = V 9 94) 6@ 8-2ps -; 8 o .8 u co coz co co = co o > IL tn CL co u 0 0 0 i- 11-12 SECTION THREE FINANCIAL INFORMATION BASIS OF ACCOUNTING AND ACCOUNTING STRUCTURE All of the City's Governmental Funds and Expendable Trust Funds are reported under the modified accrual basis of accounting. Revenues are recognized in the accounting period in which they becorrke susceptible to accrual (i.e., measurable and available); and expenditures are recognized in the accounting period in which the corresponding liabilities are incurred, if nieasurable (except for unrmtured interest on general long-term debt, and unpaid annual and sick leave). The following is a list of the major revenue sources which meet the "susceptible to accrual" criteria: General Property Taxes Revenue from Commonwealth General Sales Taxes Revenue from Federal Government Utility Taxes All Proprietary Funds are reported under the accrual basis of accounting. Revenues are recognized when earned and expenses are recoginzed when incurred. Unbilled Water and Sewer Enterprise Fund accounts receivable for utility services provided through June 30 are included in the financial statements. Reporting Entity Certain external entities ar@ included in the City's financial report in order to meet the reporting entity criterion established by the National Council on Governmental Accounting (NCGA). The basic criterion is the exercise of oversight responsibility by the locality's elected officials. Oversight responsibility includes, but is not limited to, financial interdependency, selection of governing authority, designation of management, ability to significantly influence operations, and accountability for fiscal matters. These entities are as follows: Mosquito Control Commissions (Special Revenue Fund) School Cafeterias (Enterprise Fund) Certain entities which are not included in this report that either exist within the boundaries of the City of Virginia Beach or to which contributions are niade are as follows: Industrial Development Authority The Industrial Development Authority was established for the specific purpose of attracting new industries and the expansion of existing industries. The Authority is authorized to issue industrial development bonds after approval by the City Council. The bonds do not constitute indebtedness of the City but ni-i are secured solely by revenues from the organization on whose behalf the bonds were issued. At the end of Fiscal Year 1983, $182,982,145 in Industrial Development Bonds issued by the Authority were outstanding. Tidewater Transit District Commission ,The City subsidizes its share of the operating cost deficit (included in the financial statements) of the regional rriass transit operations. The City's share of expenditures during Fiscal Year 1983 amounted to $575,076. Furid Accounting The accounts of the City are organized on the basis of funds and account groups, each of which is considered a separate accounting entity. The operations of each fund are accounted for with a separate set of self-balancing accounts which comprise its assets, liabilities, fund equity, revenues, and expenditures, or expenses, as appropriate. The various funds are grouped in the financial statements into eight generic fund types and three broad fund categories, as follows: Governmental Funds General Fund - is the general operating fund of the City which is used to account for all financial resources except those required to be accounted for in another fund. Special Revenue Funds - are used to account for the proceeds of specific revenue sources (other than special assessments, expendable trusts, or for major capital projects) that are legally restricted to be expended for specified purposes. Debt Service Funds - are used to account for the accumulation of resources for, and the payment of principal and interest on general obfigation debt and related costs. Capital Projects Funds - are used to account for the financial resources for the acquisition or construction of major capital facilities (other than those financed by proprietary funds and trust funds). Special Assessment Funds - are used to account for the financing of pub4c improvements or services deemed to benefit the properties against which special assessments are levied. Proprietary Funds Enterprise Funds - are used to account for operations (a) that are financed and operated in a rrianner similar to private business enterprises where the intent of the governing body is that costs (expenses, including depreciation) of providing goods or services to the general pubfic on a continuing basis be 111-2 financed or recovered primarily through user charges; or (b) where periodic determination of revenues earned, expenses incurred, and/or net income is deemed appropriate for capital maintenance, pubfic policy, nianagement control, accountability, or other purposes. Internal Service Funds - are used to account for the financing of goods and services provided by one department or agency to other departments or agencies of the governmental unit, on a cost-reimbursement basis. Fiduciary Funds Trust and Agency Funds - are used to account for assets held by a governmental unit in a trustee capacity or as an agent for individuals, private organizations, other governmental units, and/or other funds. These include Expendable Trust Funds, Non-Expendable Trust Funds, and Agency Funds. INDEPENDENT AUDITOR The City Charter requires that an independent audit of all accounts, books, records, and financial transactions of the City be made each year by a firm of independent certified pubfic accounts selected by the City Council. Independent audits have been conducted in each fiscal year. CERTIFICATE OF CONFORMANCE The Municipal Finance Officers Association of the United States and Canada (MFOA) awarded a Certificate of Conformance in Financial Reporting to the City of Virginia Beach for'its Comprehensive Annual Financial Report for the Fiscal Year ended 1982. In order to be awarded a Certificate of Conformance, a governmental unit must pubfish an easily readable and efficiently organized Comprehensive Financial Report that substantially conforms to the high standards for financial reporting as promulgated by the MFOA and the National Council on Governmental Accounting. A Certificate of Conforffiance is valid for one year only. The City has been awarded a Certificate of Conformance for its Comprehensive Annual Financial Report every Fiscal Year since 1978 with the exception of 1980. The Fiscal Year 1983 Report has been submitted to MFOA to determine its eligibility for another Certificate. BUDGETARY PROCESS The City Charter requires the City Manager to submit a balanced operating budget to the City Council at least 90 days before the beginning of each fiscal year which begins July 1. F-ach department of the City prepares its own budget request for review by the City Manager. The School budget is prepared by the School Board, transmitted to the City Manager for his review, III-3 and then submitted to the City Council for consideration as part of the City's general operating budget. The City Council is required to hold a public hearing on the budget at which time all interested persons have the opportunity to comment. If the proposed operating budget is riot legally adopted by the City Council by June 1, the operating budget subniitted by the City Manager shall have full force and effect as if it had been adopted by the City Council. The City Manager is authorized to transfer appropriations up to a rriaximum of $10,000. Transfers in excess of $10,000 require City Council approval. Additional appropriations must be offset by additional estimated revenues and/or a transfer from the proper undesignated fund balance and (effective July 1, 1983) require a public hearing. Unexpended appropriations (except for the Capital Projects, Grant, and Grants Consolidated Funds) lapse and are closed to the proper fund balance at the end of each fiscal year. However, upon City Council approval, the appropriation for the subsequent fiscal year is increased by the amount necessary to satisfy the outstanding encumbrances at June 30 of each fiscal year. Capital Projects are budgeted separately from the operating budget. The Department of Finance annually prepares a five-year Capital Improvement Program. Because the Capital Projects funds' appropriations do not coincide with the City's fiscal year, the accounting, encumbering, and controlling of the funds are based upon the length of each project. Similarly, federal and state grants in the Grants and Grants Consolidated Funds are budgeted separately from the operating budget because these revenues do not necessarily coincide with the City's fiscal year. Capital lease obligations are'budgeted in each of the respective "lessee" departments on a fiscal year basis. Each capital lease obligation has a non-appropriation clause which generally states that each fiscal year's lease payments are subject to City Council approval. The lease payment appropriations are included in the respective "Iesseell department. Effective July 1, 1984, these capital lease appropriations will be offset by an equal amount of estimated revenue (other financing sources), and will be functionally budgeted in the General Debt Service Fund. Current Operating Budget On May 15, 1984, the City Council on second reading, adopted a total Budget of $335,344,326 of which the General Fund portion was $162,026,190 for the Fiscal Year ending June 30, 1985. The adopted General Fund Budget maintains the real property tax rate at $.80 per $100 assessed value, the same level as in 1983 and 1984. The rate is based on an assessment ratio of 100 percent. The adopted Budget maintains current programs at the present service levels and increases or enhances others. General Fund revenues for Fiscal Year 1985 are projected to increase by 15.53 percent without an increase in any tax HI-4 rates. On the basis of the last annual general reassessment of real property it is estiniated that the average assessment increase was 5.45 percent. An additional 6.75 percent increase in the real property tax base is projected due to growth. The adopted Budget increases City personnel by 139 positions. The City Council authorized in the Budget a cost-of-living salary increase for City employees amounting to 7.50 percent for the Fiscal Year. The following table compares the City's estimated revenues and budgeted expenditures for Fiscal Year 1985 with estimated Fiscal Year 1984 revenues and expenditures. HI-5 Percent Change From FY 1985 Estiffiated Percent of Budget FY 1984 Total Budget Revenues: General Properly Taxes $98,475,599 14.52% 29.37% Other Local Taxes 64,274,730 19.26 19.17 Permits, Privilege Fees and Regulatory Licenses 3,699,191 37.81 1.10 Fines and Forfeitures 2,108,200 7.45 0.63 Federal Revenues 5,836,324 -7.30 1.74 Commonwealth Revenues 104,272,201 13.66 31@10 Charges for Services 34,418,962 9.60 10.26 From Use of Money and Property 7,921,687 42.52 2.36 Miscellaneous Revenue 7,254,186 41.08 2.16 Appropriation from Fund Balance 7,083,246 -31.98 2.11 Total Revenues $335,344,326 13.37% 100.00% Expenditures: General Government $42,325,090 12.58% 12.63% Public Health 6,548,796 -1.39 1.67 Social Services 7,544,642 2.60 2.25 Police 21,847,855 16.76 6.51 Fire 10,595,848 8.31 3.16 Pubfic Works 26,406,759 8.53 7.87 Public Utilities 19,866,115 10.17 5.92 Parks and Recreation 7,403,773 -3.44 2.21 Libraries 3,337,483 -1.36 0.99 Education 140,%6,023 12.48 41.98 Debt Service 40,126,370 20.87 11.95 Reserve for Contingencies 8,006,648 505.06 2.37 Other 368,924 10.51 0.11 Total Expenditures $335,344,326 13.41% ".62% Source: Fiscal Year 1985 Budget HI-6 GENERAL FUND REVENUES In accordance with the general practice of governmental units, the City records its transactions under various funds. The largest, the General Fund, is that from which all general costs of City government are paid and to which taxes and other revenues, not specifically directed by law or adniinistrative action 'to be deposited in special revenue funds, are recorded. Examples of special revenue funds are the School Operating Fund, the School Federal Grants Fund, and the Grants Consolidated Fund. The General Fund is comprised of revenue derived from ad valorem taxes, other local taxes, licenses, fees, permits, certain revenue from the Federal and State governments, interest earned on invested cash balances and other revenues. General Fund disbursements include the costs of general City government, transfers to the School Operating Fund for local share of school costs and to the Debt Service Funds to pay principal and interest on the City's general obligation bonds for other than water and sewer purposes. In Fiscal Year 1983, tax revenues accounted for 54.5 percent of City revenue, State assistance 34.6 percent, charges for services 2.7 percent, and other sources 8.2 percent. City of Virginia Beach Fiscal Year 1983 Revenues by Source Increase (Decrease) Aniount Percent From 1982 Source -(Thousands) Of Total (Thousands) General Property Taxes $ 77,109 31.8 $ 16,003 Other Local Taxes 55,045 22.7 5,097 Pern-dts, Privilege Fees, and Regulatory Licenses 2,777 1.1 1,326 Fines and Forfeitures 1,918 0.8 676 From Use of Money and Property 4,823 2.0 (1,316) Charges for Services 6,600 2.7 979 From Commonwealth 83,913 34.6 8,354 From Federal Government 9,693 4.0 (203) Other 688 0.3 (1,080) Total Revenue S 242,566 10010 29,836 Source: Fiscal Year 1983 Financial Report Persorial and Real Property Tax Revenues Ad valorem property taxes contributed 31.8 percent of the City' General Fund revenues in the fiscal year ended June 30, 1983. The City levies an ad valorem tax on the assessed value of real and personal property located within the City. Other local taxes contributed 22.7 percent of City revenues in Fiscal HI-7 Year 1983, these include: (1) a I percent local sales tax (collected by the State and remitted to the City), (2) a tax on consumer utility bills (20 percent each for gas, electic, water, and telephone on bills up to $12.00 per month for residential classes and 20 percent on the first $400.00 per month for industrial and commercial classes), (3) a cigarette tax of $0.15 per pack (effective May, 1984, the cigarette tax is now 7.5 mils/cigarette), (4) property transfer recordation taxes, (5) an automobile license tax, (6) various business, professional, and occupational taxes, (7) a 4 percent hotel room tax, (8) a restaurant rr)eal tax of 5 percent (effective January 1, 1984 the tax is 4 percent), and (9) an amusement tax of 10 percent of gross adl1/2ssions. The following table shows the City's principal tax revenues by source for each of the last five fiscal years. Growth in total tax revenues has averaged 16.5 percent over the last five years. Real Personal Fiscal Property Property General Utility Restaurant Other Year Taxes Taxes Sales Tax Tax Meal Tax Taxes Total 1979 $30,503,340 $10,186,824 $ 8,115,359 $ 7,676,682 $ 3,058,009 $12,307,329 $71,847,543 1980 33,537,509 11,172,097 8,706,294 8,331,693 3,384,530 13,464,724 78,596,847 1981 34,962,225 13,012,490 10,115,792 9,128,121 4,035,546 15,448,485 86,702,659 1982 43,307,017 17,460,736 11,466,156 11,662,408 8,833,184 18,324,695 111,054,196 1983 55,384,155 21,094,514 13,097,204 12,503,043 8,407,540 21,668,050 132,154,506 Source: City Department of Finance An annual ad valorem tax is levied by the City on the assessed value of real property subject to taxation within the City as of July 1. The City assesses real property at 100 percent of its fair market value (with the exception of pubfic service properties which are assessed by the State Corporation Commission). Real property taxes are due on December 5 and June 5 of the fiscal year in which they are levied. A penalty of 10 percent of the tax owed or $10, whichever is greater, along with interest of 9.6 percent for the first year, is assessed on delinquent taxes. @sequent year's rates are set by the City Council and are currently 10.8 percent. When delinquent real estate taxes are not paid within three years, the receivables are transferred to the Clerk of the Circuit Court and the property may be sold at pubfic auction to pay the amounts due. Tangible personal property located Vithin the City is also assessed an annual ad valorem tax. The assessed value of personal property is 50 percent of appraised value. Personal property taxes are due on June 5, and delinquent payments are subject to the same penalties as described above for real property. The following table sets forth the assessed value of all taxable property in the City for each of its five most recent fiscal years. Tax-exempt properties 111-8 owned by federal and state governments, churches, and schools, among others, aggregating approxirmtely $1,847,708,566 for Fiscal Year 1983, are riot included in the table. The total assessed value of real property in the City at May 30, 1984 was $7,928,159,495. The average annual increase in the assessed value of property in the City has exceeded 15 percent in each of the last five fiacal years. 111-9 E 0 @o @ Cou. 0 r (U OD r 4u u 10 0 00 00 r, C:) 10 (U (D < C4 00 m 0 CIL E 0 C,4 m m t- o 0 C'4 4) bD C c; cz u la C) 10 00 C4 (4 < r, uv c; > m cn -% ,g Cli -N ai v \,; 0. -0 W\ r, 00 G* :3 v0d) - - - - - co 00 al CO LL. .r- a -1 co bo Cr\ 0 00 (D 00 > 00 al r, a\ C4 cn m U (L E 0 0 D C,4 C,4 \0 r, C4 10 - \0 C) (D 10 C5- r- CL co a < 10 .0 0 al ON -W > 0 E CL u C4 C-4 r, 00 00 D m C) r C) 0 u 0 co C4 al \0 .0 C'4 al CD (U n -r.4 Cli C4 \D 'n c; 4) :3 (D CD r, C3 00 at < > 10 C4 00 al la -1 0, (D - r4 m ce u U.2 r, 00 00 00 00 - - o, al al al m - (N LL >- - - - - - - - The City is required to levy taxes on the assessed value of real and personal property without limit as to the rate or amount to the extent necessary to pay principal and interest on its bonds. The following table sets forth the City's tax rates on real and personal property and tax levies on real property for each of its last five fiscal years and estimates for Fiscal Years 1984 and 1985. City of Virginia Beach Property Tax Rates and Change in Tax Levy 1979-1985 Tax Rates I Real Percentage Fiscal Real Personal Property Change in Year Property Property Tax Levy Tax Levy 1979 0.80 6.00 $ 31,349,405 - 1980 0.74 6.00 33,419,953 6.60% 1981 0.67 6.00 34,939,545 4.55 1982 0.72 6.00 43,195,372 23.63 1983 0.80 6.00 55,397,150 28.25 1984 0.80 6.00 63,426,676 14.50 1985 0.80 6.00 70,775,308 11.60 1 Tax rate per $100 of assessed value. Source: City Department of Finance The following table sets forth information concerning the City's real property tax collection rate for each of its five most recent fiscal years. City of Virginia Beach Real Property Tax Collection Rate 1979 - 1983 Current Total Total (Net) Taxes Percent Delinquent Totall Collections Fiscal Taxes Receivable of Levy Tax Tax As Percent Year Receivable Collected Collected Collections Collections of Current Levy 1979 $31,349,405 $30,403,023 97.0 $1,063,860 $31,466,983 100.4 1980 33,419,953 32,358,691 96.8 1,111,414 33,470,105 100.2 1981 34,939,545 33,929,565 97.1 1,043,842 34,973,407 100.1 1982 43,195,372 42,109,715 97.5 1,153,519 43,263,234 100.2 1983 55,397,150 .54,041,012 97.6 1,213,332 55,254,344 99.7 1 Includes a 10 percent penalty ($10 minimum) on delinquent collections. Source: City Department of Finance The following table sets forth the City's 25 largest taxpayers of ad valorem real property taxes, the assessed value of property owned by each such taxpayer, and the real property taxes levied during Fiscal Year 1984. The aggregate assessed value of the 25 largest taxpayers represents 6.9 percent of the City's total assessable base at June 30, 1984. 111-12 City of Virginia Beach 25 Largest Taxpayers (Fiscal Year 1984) Real Property Property Owners Assessed Value Chesapeake and Potorriac Telephone Comi>anyl $105,377,"O Virginia Electric and Power Company l 87,932,187 Lynnhaven Mall 60,708,407 Christian Broadcasting Network 22,499,981 Cavalier Hotel 19,875,377 Watergate Apartments Joint Venture 19,363,077 Gifford, Lee A. 18,321,989 Pembroke Square Associates 18,141,420 Pembroke Associates 18,011,583 McLeskey, F. Wayne, Jr. 16,973,303 Windsor Holland Properties 14,656,366 Pfedco, Inc., et al 13,071,"2 Potter, Lucille, et al 12,890,440 Thalia Garden Associates 12,692,593 Breeden, Ramon W. 12,447,652 Lynnhaven Building Supply 12,111,174 Continental Telephone Company' 11,757,201 Oceanview/VA Beach Real Estate Associates 11,090,307 Villages Apartments Associates 9,455,467 Fairfield @pping Center 9,205,307 Philadelphia Associates II 9,030,928 Lake Edward North Apartments 8,800,792 Landmark Communications, Inc. 8,670,437 Extendicare Properties, Inc. 8,113,691 Coastal Inn Associates 7,874,895 TOTAL $549,074,455 1 Includes all personal property taxed at real property tax rates. Source: State Corporation Commission for Chesapeak and Potomac Telephone Company, Virginia Electric and Power Company and Continental Telephone Company-City Assessor for all other properties listed. DI-13 Published Financial Irdormation The City issues and distributes a Comprehensive Annual Financial Report on its financial operations for each fiscal year. The report covers the fiscal year ended the prior June 30. Copies of the Annual Financial Report are available to the public upon request at the Department of Finance, Virginia Beach Municipal Center, Virginia Beach, Virginia 23456. In addition to the Annual Financial Report, the City also pubfishes annually a comprehensive Operating Budget and five year Capital Improvement Plan (CIP). These documents are available through the City Manager's Office, Virginia Beach Municipal Center, Virginia Beach, Virginia 23456. Ul-14 CITY OF VIRGINIA BEACH GENERAL FUND COMPARATIVE STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE Fiscal Year Ended June 30 1979 1980 REVENUES: Property and other local taxes $ 63,639,753 $ 69,917,779 Licenses, permits, privilege fees and fines and forfeitures 9,184,385 10,152,195 Use of money and property 3,943,927 4,142,005 Federal, state and other agencies 22,312,412 27,644,767 Service charges 1,287,201 1,437,855 Sale of commodities and properties 373,652 358,189 Miscellaneous revenues 107,450 102,138 Non-revenue receipts 2,017,444 2,504,826 TOTAL REVENUES $102,866,224 $116,259,754 EXPENDITURES: Operating: Legislative $ 623,022 $ 695,912 Executive 875,593 1,108,916 Law 340,313 441,862 Finance 7,168,390 8,667,151 Personnel 422,210 378,496 Judicial 3,336,675 3,779,125 Health 641,463 731,877 Social Services 4,213,278 5,248,803 Police 8,772,767 10,053,454 Pubfic Works 13,119,713 14,539,495 Parks and Recreation 2,879,660 3,466,494 Library 1,054,795 1,222,428 Planning 534,915 553,386 Agriculture 194,672 244,641 Economic Development 1,484,740 1,813,318 General Services 3,801,371 4,633,989 Boards and Commissions 337,807 1,097,485 Non-Departmental-Insurance 1,027,557 475,997 Fire 3,634,869 4,513,593 Data Processing 1,704,261 2,061,061 Permits and Inspections 696,343 821,305 Mental Health and Mental Retardation 1,630,769 2,023,080 HI-15 Employee Training 0 35,779 Total Operating Expenditures $ 58,495,183 68,607,644 Capital Outlays 3,658,050 5,984,421 TOTAL EXPENDITURES $ 62,153,233 $ 74,592,068 EXCESS OF REVENUES OVER EXPENDITURES $ 40,712,991 $ 41,667,686 OTHER FINANCIAL SOURCES (USES): Operating transfers in- Water and Sewer Fund $ 0 $ 220,000 Other 0 97,488 317,488 Operating transfers out- School Operating Fund $ (28,296,992) $ (33,497,300) General Debt Fund (9,535,031) (10,790,512) Enterprise Funds (492,341) (539,285) Capital Projects 0 (1,129,080) Other 0 (1051314) $ (38,314,2-647 $ (46,061,491 EXCESS OF REVENUES AND OTHER FINANCING SOURCES OVER (UNDER) EXPENDITURES AND OTHER FINANCING SOURCES (USES) $ 2,398,727 $ (4,076,317) FUND BALANCE - JULY 1 18,810,910 21,209,637 Prior Years Adjustments3 0 .4,769,232 FUND BALANCE - JUNE 30 S 21,209,637 S21,902,552 Source: Director of Finance III-16 CITY OF VIRGINIA BEACH GENERAL FUND COMPARATIVE STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCI Fiscal Year Ended June 30 1981, 1982 1983 REVENUES: General Property Taxes $ 47,912,359 $ 61,106,120 $ 77,109,079 Other Local Taxes 38,353,777 49,948,076 55,045,427 Permits, Privilege Fees and Regulatory Licenses 1,275,072 1,451,021 2,776,999 Fines and Forfeitures 1,209,509 1,242,334 1,917,857 From Use of Money and Property 4,.542,082 5,256,163 4,565,956 Charges for Services 2,708,999 4,000,343 5,674,926 Miscellaneous Revenue 7,493 41,372 162,823 From Commonwealth 30,651,908 33,778,333 36,649,949 From Federal Government 571,156 "3,683 1,007,996 Non-Revenue Receipts 731,439 812,210 450,748 TOTAL REVENUES 127,963,794 $ 158,629,655 $ 185,361,760 EXPENDITURES: Operating and Capital Outlays: Legislative $ 859,431 $ 1,089,036 $ 945,209 Executive 1,005,277 1,170,059 1,191,628 Law 618,271 780,631 796,444 Finance 4,088,030 4,621,442 5,112,562 Personnel 467,665 543,819 642,305 Judicial 4,421,804 5,116,"l 5,710,545 Health 831,948 981,741 1,054,506 Social Services 5,514,728 6,070,373 6,566,615 Police 14,191,196 15,519,673 16,544,389 Pubfic Works 20,232,519 19,492,856 19,846,329 Parks and Recreation 5,033,440 5,712,372 6,752,599 Library 2,223,017 2,533,270 2,913,018 Planning 677,100 739,466 818,509 Agriculture 269,834 305,698 428,927 Economic Development 2,720,057 2,837,100 3,030,703 General Services 6,799,470 7,122,858 8,442,244 Bonds and Commissions 716,532 876,370 890,921 Fire 7,332,125 8,348,069 8,956,646 Data Processing 2,795,575 2,930,629 3,149,942 Permits and Irispections 1,127,513 1,229,528 1,353,674 Mental Health 2,310,605 2,785,992 3,223,974 HI-17 Non-Departmental-Employee Training and Special Benefits 237,283 273,492 300,377 Total Operating@nd Capital Outlay Expenditures, $ 84,473,320 $ 91,081,485 $ 98,672,066 EXCESS OF REVENUES OVER EXPENDITURES $ 43,490,474 $ 67,548,170 $ 86,689,694 OTHER FINANCING SOURCES (USES): Operating Transfer to School Operating Fund $(39,399,,509) $(48,792,804) $(56,016,725) Operating Transfer to General Debt Fund (12,220,772) (16,311,193) (18,851,457) Other (961,412) (1,011,560) (1,417,748) Total Other Financing Sources (Uses) $(52,581,693) $(66,115,557) $(76,285,930) EXCESS OF REVENUES AND OTHER FINANCING SOURCES OVER (UNDER) EXPENDITURES AND OTHER FINANCING USES (9,091,219) 1,432,613 10,403,764 FUND BALANCE - JULY 1 21,902,552 13,516,545 14,949,158 Residual Equity Transfers 0 0 82,951 Prior Years Adjustments3 705,212 0 0 FUND BALANCE - JUNE 304 13,516,545 14,949,158 25,435,873 Source: Director of Finance Notes to the Tables: I -Beginning with fiscal year 1981 al.1 revenue sources were reclassified into new revenue categories. The major reclassifications with their respective fiscal year 1981 revenues were: autoniobile ($2,131,529) and business ($7,398,125) licenses from "Licenses, Permits and Privilege Fees" to "Other Local Taxes," and reimbursements from the Commonwealth of Virginia for constitutional officers and other categorie's ($1,809,668) from "Non-Revenue Receipts" to "From Commonwealth." 2 Employee benefit expenditures are shown under each employing function beginning in fiscal year 1981 (shown under Finance for fiscal years prior to 1981). 3 The prior year's ad o@ustments in Fiscal Years 1980 and 1981 were necessary due to the reillizing revenues under the modified accrual basis of accounting whereas, in Fiscal Years prior to 1980 revenues were recorded on a cash basis in the General Fund. 4 The entire General Fund Balance is not available for appropriation because of outstanding Interfund and Interagency Loans and amounts used to balance the budget for fiscal year 1984. The amounts on Irrterfund and Interagency Loans can be appropriated only if repaid during 1983-84. An analysis of the General Fund balance is as follows: III-18 Fund Balance - June 30 $ 25,435,873 Less Reserved Amounts: Encumbrances $ 1,669,687 Advances to Other Funds 347,450 Loans 1,539,001 Inventory 299,977 3,856,115 Total Available for Appropriation $ 2i,579,758 L-s Funds Used to Balance 1983-84 Budget 7,894,417 Net Balance Available for Appropriation - July 1 S lr685.-341 Hi-19 Preliminary estimates for Fiscal Year 1994 show a General Fund operating surplus of $ 11,930,655 (5.7 percent of General Fund revenues), leaving a General Fund balance at June 30, 1984, of $37,366,523. A portion of the fund balance, $7,585,598, has been appropriated in the Fiscal Year 1985 budget. CITY OF VIRGINIA BF-ACH GENERAL FUND BALANCE FISCAL YEARS 1980 -1983 J u n e 30 1980, 1981 1982 1983 General Fund Balance: Reserved for: Encumbrances $ 1,731,058 $ 966,909 $1,155,237 $ 1,669,687 Advance to Other Funds 728,717 890,065 304,450 347,450 Loans 3,144,427 2,038,001 1,642,501 1,539,001 Inventory 124,645 152,788 240,589 299,977 Unreserved: Designated for Subsequent Year's Expenditures 7,134,720 2,956,026 6,243,203 7,894,417 Undesignated 9,038,985 6,512,756 5,363,178 13,685,341 Totals S21,902,552 45 S14,949,158 7 The City has maintained a, sizable General Fund balance in each of the past 5 fiscal years, as summarized in the table below. CITY OF VIRGINIA BEACH GENERAL FUND BALANCE AS PERCENT OF GENERAL FUND REVENUES General Fund Balance Fiscal Fund Balance As Percent of General Year June 30 Fund Revenues 1979 $ 21,209,637 21.28% 1980 211902 552 18.23 1981 13,516:545 10.55 1982 14,949,158 9.39 1983 25,435,873 13.70 III -20 Recent Firwincial Results The City prepares interim financial statements on a monthly basis by the fourth week following each month. The interim financial statements for the period ended April 30, 1984, show the City in the following position with respect to revenues and expenditures budgeted for FY 1984. City of Virginia Beach Financial Position at April 30, 1984 General Fund Projected 1984 Budget 6/30/84 Revenues: General Property Taxes: Real Estate-Current $ 62,320,972 $ 63,071,739 Personal-Current 22,896,441 24,749,%2 Other Property Taxes 530,000 603,216 Other Local Taxes: General Sales Tax 14,740,867 15,483,515 Utility Tax 13,000,000 13,280,000 Business License 8,594,246 9,370,502 Automobile License 3,507,072 3,600,000 Cigarette Tax 3,576,081 3,431,641 Amusement Tax 959,691 980,234 Hotel Room Tax 2,470,223 2,615,415 Restaurant Meal Tax 8,354,427 9,937,012 Other Taxes 1,848,036 2,722,182 Permits, Privilege Fees, and Regulatory Licenses 2,684,246 3,394,438 Fines and Forfeitures I,%2,000 1,998,680 From the Use of Money and Property 3,939,124 5,561,783 Charges for Services 5,628,020 5,840,515 Miscellaneous Revenue 15,000 32,923 Revenue from Commonwealth 38,758,390 40,242,703 Revenue from Federal Government 1,197,200 1,277,127 Non-Revenue Receipts 167,108 152,715 Transfers from Other Funds 658,457 658,457 Total Revenues $197,807;601 $208,004,759 Add: Financing from Unappropriated Fund Balances 7,894,417 Total Revenues S205,702,018 S208,004,759 Expenditures: $205,702,218 $196,074,104 Source: City Department of Finance III-21 Retirement and Pension Plans The City has elected to participate in the Virginia Supplemental Retirement System (VSRS) and substantially all of the full time salaried general government and school employees are covered by a retirement plan, group term life insurance, disability and death benefits. Prior to January 1, 1979, employees contributed 5 percent of their annual salary. There is presently rio employee contribution; the City pays the entire cost. If there are insufficient funds to meet the vested benefits of the employees, the City is liable. The VSRS maintains separate accounts for each participating locality based on contributions rmde by the locality and the benefits being paid to former employees. The City's contributions are actuarially determined for the VSRS every two years by the actuarial firm of George B. Buck, Consultant Actuaries, Iric., at rates that provide for both normal and accrued funding liability. The VSRS basic calculation method is an entry age normal cost calculation with 40 year amortization of the unfunded accrued liability. The entry age normal cost method is designed to produce norrrial costs over the working lifetime of the participating employees and to permit the amortization of any unfunded liability over a period of years. The unfunded liability arises because normal costs based on the current benefit formula have not been paid throughout the working lifetime of current employees. The value of the unpaid normal costs, adjusted for actuarial gains and losses, comprises the unfunded liability. The last actuarially computed liability was determined as of June 30, 1983, and included amounts for general government and school rionprofessional employees. Total liability as of June 30, 1983 both funded and unfunded follows: Total Funded Unfunded Liability General Government Employees $ 30,988,537 $ 31,112,714 $ 62,001,251 School Employees 5,550,778 4,824.560 10,375,338 Total 4 35,93 .274 72,376,589 The unfunded liability of $35,937,274 is being amortized over 40 years according to a schedule prescribed by the USRS. Approximately $16,300,000 was contributed to the USRS by the City in Fiscal Year 1983 of which approximately $3 million was allocated to reduction of the unfunded liability. Approximately $5,500,000 of the City's Fiscal Year 1983 contribution was reimbursed by the federal and state governments. The City also provides an Internal Revenue Service approved deferred compensation plan under section 457 of the Internal Revenue Code. All City 111-22 employees are eligible to participate and may defer 25 percent of gross income or $7,500 per year whichever is less. There are three investment options (guaranteed interest, common stock, or money market) available to the employees. At June 30, 1983, the market value of the employee contributed assets in the plan was approximately $1,009,120. Employ ee Relations and Collective Bargaining There were 4,348 city employees and 5,523 school employees as of January 1984. State law prohibits the City from collective bargaining with unions or trade or professional associations since the General Assembly of Virginia @ not authorized local governments to do so. Employees are, however, permitted to join voluntary associations which may promote changes in wages and other working conditions without collective bargaining. 111-23 SECTION FOUR THE WATER AND SEWER SYSTEM General The City's Department of Public Utilities operates a water distribution system and owns transmission lines and pump stations to distribute to customers in Virginia Beach surpILis water purchased in bulk from @ City of Norfolk under the terms of a 20-year contract executed in 1973. The City also has contracts with Isle of Wight and Southampton Counties and the City of Suffolk to pump water from freshwater wells during periods of severe drought to augment the City water supply. The City of Norfolk has agreed by contract to treat the additional water which may be pumped from the wells. The water distributed by the City of Virginia Beach is sold at retail rates to customers within the City. Virginia Beach also owns collector lines, force mains and pump stations to pump sewage to Hampton Roads Sanitation District facilities for treatment. Virginia Beach citizens pay maintenance fees to the City of Virginia Beach and sewage treatment charges to Hampton Roads Sanitation District. In addition to the City's water and sewer system, there are two private water utilites serving 770 customers and one sewer utility serving approximately 360 customers. The physical property of the Virginia Beach water system as of June 30, 1983, included approximately 101 miles of transmission mains, 836 miles of distribution mains, 4,108 fire hydrants, 14 water storage reservoirs, and 8 pumping stations. The water system has approximately 73,061 connections and an estimated service area of 250,000 people. The Department of Public Utilities provides local collection and pumping facilities required for the delivery of wastewater to Hampton Roads Sanitation District (HRSD) facilities. The sewer system consists of 258 sewer pumping stations and over 894 miles of pipeline ranging in size from 4 inches to 36 inches in diameter. The number of sewer connections is approximately 67,122, representing a 16.7 percent increase over the number reported in 1982. The estimated depreciated value of the water and sewage plant and equipment was $195,338,138 as of June 30, 1983, exclusive of land and land rights which are valued at $1,050,400. The water system is fully metered, with tap sizes ranging from 3/4-inch to 12 inch. The number of connections to the water system has grown by an average annual rate of 7.3 percent over the past 7 years. The following table sets forth the number of connections and other statistics for each of the last 7 fiscal years. IV-1 00 00 W% C4 m m r, 00 00 - 4n CD la r, 00 C4 C4 (PI %D An C4 00 la - C4 90 P, tn W% C4 co CL 10 al m w" 00 r, r= u ooi vi .0 c WN z .- C4 W,% 11 r LLJ r4 to -i 00 > . > 0 to .!n 10 U ON w-, U. C4 CL 0 0 tA tA FINANCIAL OPERATIONS The City's Water and Sewer system is operated on a self-sustaining basis, with rates and charges adjusted when necessary to assure a stream of revenues adequate to cover the costs of operation and maintenance of the system and debt service on all water and sewer system bonds. Revenues from water and sewer charges are reserved solely for the payment of water and sewer fund obligations and have not been used for any non-water or sewer related purpose. Water and sewer charges are maintained at a level sufficient to pay all water and sewer operating expenses and debt service. The City's Water and Sewer activities are operated on an enterprise fund accounting basis. Fiscal Year 1983 operating revenue was $21,686,269. After deducting operating expenses of $14,931,468, debt service and other nonoperating eIxpenses of $2,573,009, and depreciation of $4,031,847, net income of $149,945 remained. As a result of the positive net income and the transfer of certain depreciation charges to contributed capital, the Water and Sewer Fund showed positive retained earnings of $1,425,395 at the end of Fiscal Year 1983. Fiscal Year 1984 financial operations are expected to show positive net income after depreciation and a further increase in retained earnings. Operating revenues of $30,060,093 are expected with total expenses of 28,369,233, leaving net income of $1,690,860. Revenues of $36,569,528 are budgeted for Fiscal Year 1985 representing an 18.00 percent increase over Fiscal Year 1984 expected revenues. Fiscal Year 1983 financial statements for the Water and Sewer Enterprise Fund are included in Appendix A. Rates, Fees, and Charges I The City Council fixes water and sewer rates for each fiscal year which will provide estimated income equal to operating expenses of the Department of Public Utilities and debt service relating to all water and sewer bonds. In addition, the City Council may fix special charges for connections, disconnections, turn-ons, discontinuance of service, all special service or work, and other contingencies, situations or conditions, which it finds advantageous or appropriate from time-to-time. The Council employs a fully documented public process to promulgate the Department's rates, fees and charges. Rates, fees and charges are not subject to regulation by the Commonwealth of Virginia State Corporation Commission. Rates for water usage are currently calculated based upon the cost of service rate allocation method. Periodically, an analysis is performed to determine the cost of providing water service to each predefined user group based upon the different water use characteristics and demands of each user group. The result of the analysis is a series of rates, fees, and charges determined to recapture the cost of providing water service. The City's Department of Public Utilities collects recurring charges for water and sewer usage and developmental non-recurring charges for new connections to the system. Water service charges consist of a service availability charge plus a uniform volume charge. A flat rate is charged by the IV-3 City for collection of sewage whereas treatment charges are computed on the basis of water usage by Hampton Roads Sanitation District, the regional treatment agency. All City utility service charges are billed bi-monthly. Water Service Charges A monthly service charge is imposed for each water meter connected to the City water system. These service charges are in addition to the rates charged for water volume usage. Water service charges vary according to the size of the meter or service as follows: Monthly Water and Sewer Charge Size Fiscal Year 1981 Fiscal Year 1983 518-1 $ 3.00 $ 3.45 3/4" 4.00 4.60 6.00 6.85 11.00 12.45 21- 17.00 19.20 311 31.00 34.95 411 51.00 57.45 61. 101.00 113.70 8., 161.00 181.20 1 O., 251.00 282.45 121- 361.00 406.20 Fire Hydrant Meter 31.00 34.95 Water Usage Rates In addition to the monthly service charges, consumers must pay for water usage at the following rates per hundred cubic feet: Effective Rate Fiscal Year 1981 $ 1.08 Fiscal Year 1993 1.21 Water Connection Fees Connection fees are non-recurring charges to new customers and those customers who enlarge or change the nature of the premises being served. These charges are comprised of the following fees: IV-4 A. Line Fees Charges to new customers served by system ext.ensions constructed by the City or by developers. ConneCted to: City Developer Customer Type Lines Lines Single Family Residences $ 650.00 $ 250.00 First 1001 frontage Each additional foot of frontage 6.50 0.00 Motels, Hotels - per unit 400.00 155.00 Multifamily - per unit 470.00 175.00 Nursing and Convalescent Homes - each room 160.00 125.00 Trailers - each space 210.00 125.00 Office Buildings - each 600 square feet 160.00 125.00 Retail Stores, Restaurants, Manufacturing, Wholesale, Assembly Processing and Distribution Facilities - each square foot 0.12 0.04 Warehouse Storage - each square foot 0.03 0.01 The rate schedule also includes, special line fees for seasonal use and line fee exemptions for certain elderly persons and certain financially disadvantaged persons. B. Tap Fees Charges providing for the installation of individual service lines inciuding necessary appurtenances from the water mains or sewer collector pipe to the property line of the customer. In the case of water services, this normally includes the installation costs for taps, meters, and meter boxes at a lower fee. Size Tap and Meter Meter Only Water Impact Fee 5/8" & 3/4" $ 285.00 $ 155.00 $ 65.00 i" 370.00 240.00 65.00 1-1/2" & larger Cost of labor, materials and equipment, plus 25 percent administrative cost, and $130 water impact fee. Other miscellaneous charges are levied by the Department of Public Utilities, including an annual charge of $200.00 for public fire hydrants assessed to the general fund, charges for restoring water service that is shut off, and a IV-5 charge of 5 cents per 1,000 gallons of water used by @ military bases in @ City which purchase water from Norfolk through the City's system (The Navy Wheelage Charge). Sewer Service Charges The following monthly maintenance rates are established for all property connected directly or indirectly to lines for facilities operated or maintained by the City. Residential Uses: Monthly Charge Single Family $ 9.46 Two or more Family Units First unit or trailer 9.46 Each additional unit or trailer 7.10 Hotels, Motels, and Campgrounds First rcom or space 9.46 Each additional room or space 3.80 Non-Residential Uses: With water Service: Tap Size Monthly Charve 3/4" $ 9.50 1'. 12.00 1-1/2" 23.75 2-- 36.00 31- 71.00 411 118.00 6-- 237.00 g.. 550.00 1 O'. 910.00 1211 1,380.00 W it hout Water Service: 0-4 Comm(>des 19.00 Over 4 Commodes each 3.80 IV-6 Sewer Connection Fees Cleanouts: Where cleanouts, as required, are installed by the City of Virginia Beach, the charge shall be as follows: Size Charge 4" - $145.00 Over 4" Cost of labor, material, and equipment plus 25% Tap Fee: Connection to a City sewer line. Size Charge 41- $145.00 Over 411 Cost of labor, materials, and equipment plus 25% Line Fee: Connected to: City Developer Customer Type Sewers Sewers Single Family Residences $1,015.00 $ 195.00 First 1001 frontage Each additional foot of frontage 15.00 0.00 Motels, Hotels - per unit 630.00 125.00 Multifamily - per unit 730.00 145.00 Nursing and Convalescent Homes each room 220.00 100.00 Trailers - each space 315.00 130.00 Office Buildings - each 600 square feet 220.00 100.00 Retail Stores, Restaurants, Manufacturing, Wholesale, Assembly Processing and Distribution Facilities - each square foot 0.14 0.04 Warehouse Storage - each square foot 0.03 0.01 The rate schedule also includes special fees where gravity sewer service is not available, for seasonal use and for existing contract agreements and hne fee exemptions for certain elderly and financially disadvantaged persons. IV-7 Operating Results The City Council fixes water and sewer rates and charges such that estimated income generated by such rates and charges will cover operating expenses and debt service relating to the water system. Funds and accounts relating to the Department of Public Utilities are kept separate from other funds and accounts of the City. The Department of Public Utilities has financed the construction and acquisition of water and sewer facilities through federal grant proceeds and the issuance of City general obligation bonds, additionally, water and sewer bonds (secured both by water and sewer revenues and the City's general obfigation pledge) and water and sewer revenue bonds. The Department is required by the City's bond resolutions to establish rates sufficient to cover operations and maintenance and debt service on the general obligation bonds issued for water and sewer purposes and water and sewer revenue bonds. Certain general obligation bonds issued prior to 1977 for water and sewer purposes are not secured by such a pledge. However, it is City Council policy to pay debt service on those general obligation bonds issued for the water and sewer purposes from revenues of the water and sewer enterprise fund, and to set water and sewer rates accordingly. The following table presents the operating results of the Water and Sewer Enterprise Fund for Fiscal Year 1979 through Fiscal Year 1993. Coverage of debt service on the water and sewer revenue bonds, and the general obligation bonds issued for water and sewer purposes is shown separately from the coverage of debt service on all bonds issued for water and sewer purposes. IV-& City of Virginia Beach Water and Sewer System Operating Statistics (Fiscal Years Ended June 30) 1979 1980 1981 1982 1983 Operating Revenues Service Charges $ 5,437,404 $ 4,978,048 $ 7,031,451 $ 9,563,544 $10,936,557 Water Usage 5,717,916 6,346,387 7,710,125 8,549,510 9,881,386 Miscellaneous 670,464 569,868 607,705 805,390 868,326 Total Operating Revenue $11,825,784 $11,894,303 $15,349,281 $18,918,444 $21,686,269 Operating Expenses Water Production $ 3,499,148 $ 4,005,338 $ 4,024,748 $ 5,032,975 $ 5,961,668 Water Distribution 1,136,599 1,112,766 1,139,744 1,689,701 1,901,452 Sewer Collection 1,355,821 1,364,398 1,604,949 1,997,415 2,419,876 Administration and Engineering 1,577,060 1,327,318 2,232,653 2,305,344 2,610,300 Customer Services 452,668 892,900 1,517,144 1,757,530 2,038,172 Total Operating Expenses $8,011,296 $8,702,720 $10,519,238 $12,782,965 $14,931,468 Net Operating Income $3,814,488 $3,191,583 $4,830,043 $6,135,479 $6,754,801 Non Operating Income Interest $1,510,546 $1,809,762, $1,136,914 $ 818,783 $2,056,784 Tap Fees 0 872,903 879,149 1,058,851 1,410,418 Miscellaneous Gains and Losses 297,124 110,037 102,875 37,843 98,415 Income Available For Debt Service $5,622,158 $5,984,285 $6,948,981 $&,050,956 $10,320,418 Annual Debt Service Water anV Sewer Bonds $3,215,678 $3,416,577 $4,315,949 $4,638,719 $6,863,773 Public l@rovement Bonds- 2,710,935 2,669,840 2,314,550 2,653,361 2,622,945 Capital Leases 267,525 267,916 268,044 268,942 306,700 Coverage of Debt Service on Water and Sewer Bonds 1.75x 1.75x 1.62x 1.74x 1.5ox Coverage of Debt Servipe on all Debt-' 0.91 x 0.94x 1.01 x 1.06x 1.05x Source: Compiled from Audited Financial Statements IV-9 I Water and Sewer Bonds include General Obligation bonds issued after 1977 and certain revenue bonds secured by a pledge of water and sewer system revenues. 2 General Obligation Bonds issued prior to 1977 that are not secured by a pledge of water and sewer system revenues. 3 Includes Water and Sewer Bonds and Public Improvement Bonds. In Fiscal Years 1979 and 1980, debt service on General Obligation Bonds was covered by nonrecurring charges for capital purposes. IV-10 0 Ott, al r, 10 t, %D la %D %D %c%e%c4r -4 CD- C4 C4 CD %o %o 01%0.*t4a, cli v m al 0, t-4,&,o t, r, 94 a, m w m N t, r, 00 4D 0 ID CD 0 C> 0 a 4D 0 OCDOQQCDOOCD c; SC; c; c; c; ic C4 00 N 00 0 m @ ND I t-, CNPI No c; c 0 mmm mm w N CD. m al 40 e4 4t ,E.g L-% r, P, rL C4 so 00 (D CPI W% a 0 , ".m 'o 4) 10 00 00 r, %a V% 4t tn C4 - vu - 4D c . 6 co 00 00 00 00 000 00 00 00 60 00 00 00 00 r > 0 @ r4 00 90 00 00 00 00 10 r CD 0 v @cLcicicL CD CLCL@@ al al (14 C4 bo &n w -M 0 CD I& I& .- v -c > v w W% 1% W% W W W m 1% r- r- v (D C5 0 o@ LL o o o o 4D 'm 0 - - - 00 al I& N al 0 %D CL@ll CL X WN- (4- cz @.t 0; -:,w o C) & .1 00 0 - 04 r, C4 so -t (4 cm t4 C5 (m Q WS m P, %D m - - - CD c c CD E 0 0 CD 0 0 0 0 0 CD a 0 CD 0 0 0 v 8 8 8 C5 0 0 8 C> 0 0 CD- OOCD c; C; C; c; c; cs C; C;.s C; C; C; C; C; C; Q c E to 's C, C, D v 0 OTCD - 2 m m Q al @ al 0 C4 Q 10 C4 01 10 N C4 C4 C4 C4 a w 0 CD 4D 0 0 0 0 0 CD a CD a cD a 0 0 - - - - - - C> la la 10 la %D 10 D 0 LL. 0 c 7i c c r, 00 al 0 n 'n r, -0 0, 0 N 00 00 00 .0 w 0, (D 0 0 CD 0 0 0 M q, 0, (h a, 0% 01 al al R 0, 0, 0, a, @ 0 0 a - - - - - - - - - P., P, u t4 m IV-1 I CAPITAL IMPROVEMENT PROGRAM The Department of Public Utilities annually prepares the portion of the City's Capital Improvement Plan concerning @ improvement and extension of the water and sewer system. Water and Sewer Utility projects in the amount of $131,633,350 account for 32 percent of overall City capital spending anticipated through fiscal year 1988. The following table presents the financing sources expected to meet the five-year capital improvement plan for the Water and Sewer projects. Water and Sewer System Capital Improvement Program FY1984 - FY1988 Financing Plan Estimated Funds Double Community Five-Year Previously Balance To General Bwrel Developme, Utility Cost Provided Be Financed Appropriations Bonds Grants Water $92,687,350 $10,603,230 '$72,094,120 0 $71,633,135 $ 450,98 Sewer 48,946,000 7,016,875 41,929,125 215,000 39,798,000 1,916,12 Total $131,633,350 $17,620,105 $1 t4,013,245 $215,000 $111,431,135 $2,367,11 Source: Fiscal year 1984 Capital Budget A major element of the Water and Sewer System Capital improvement plan is the Lake Gaston Water Supply Project. The proposed project consists of an 85-mile, 60-inch concrete pipeline from the Pea Hill Creek tributory of Lake Gaston in Brunswick County, Virginia to the City of Norfolk's raw water transmission lines. The Lake Gaston water will be treated at the existing Norfolk Moores Bridges Water Treatment Plant. The project is estimated to cost $126.7 million in 1983 dollars and require an implementation period of seven years, with completion in Fiscal Year 1990. $3.5 million of the $10.2 million water and sewer izeneral obliration bonds of this issue will be used for preliminary design, engineering, Tegal, and land acquisition costs associated with the Lake Gaston project. IV-12 Background The rapid growth of Virginia Beach since 1950, combined with recent water shortages, have caused the City to investigate and locate an alternative source of water supply to supplement existing supplies and to meet the long-term demands of the City. Virginia Beach has no independent water supply and purchases bulk treated water from the City of Norfolk to supply 250,000 of its 300,000 residents under a contract that expires in 1993. The remaining 50,000 residents not hooked up to the City distribution system either receive their water indirectly from Norfolk becaltse they live on n-dlitary bases, or they are supplied by shallow water wells. A comprehensive study of projected water demands for Southeastern Virginia was completed in December, 1982 by the U.S. Army Corps of Engineers. The Corps demand projections have been accepted as the most accurate projections to date. The total demand projected for Southeastern Virginia in the year 2030 is 138.39 MGD, of which 47.99 is the projected Virginia Beach demand (35 percent). City of Virginia Beach Estimated Water Demand (MGD) Industrial & Public & Year Commercial Use Domestic Use Total Use 1980 6.69 17.41 24.10 1990 8.68 22.81 31.49 2000 10.40 26.56 36.96 2010 11.68 30.11 41.79 2020 12.70 32.54 45.24 2030 13.69 34.30 47.99 Source: U.S. Army Corps of Engineers and City of Virginia Beach The City's present contract with the City of Norfolk provides for the delivery of surplus water to Virginia Beach. If this contract were to be renewed upon expiration in 1993, it is unlikely that it would be sufficient to meet the City's long-term water needs. There currently exists considerable doubt about the magnitude and reliablity of the I'surpiLis." The 1980-81 drought illustrated the limitations of the "surplus" supply. The second factor is the "guaranteed" use of this surplus water. Currently there is no guarantee that the entire amount of the surplus will be available during all conditions f'or use by the City of Virginia Beach and/or the other participating cities and counties. Both Norfolk and Portsmouth are actively pursuing the expansion of their commercial and industrial tax base. Although the southeastern area of Virginia does not actively pursue water intensive industries, it is reasonable to assume that any "surplus" IV-13 water capacity that may exist would be made available to any new industrial or commercial enterprises specifically wishing to locate in Norfolk or Portsmouth. Severe drought conditions during 1980 and 1991 made the City's search for a long-term water supply solution, begun in the mid-1970s, all the more vital. It was determined by the Department of Public Utilities that if a similar drought were to occur in the future, the City's water supply would be jeopardized between 1990-1993. The City responded to this situation by (1) imposing water use restrictions and surcharges for excessive water consumptions, (2) constructing five emergency water supply wells in the neighboring City of Suffolk and Counties of Isle of Wight and Southhampton and negotiating water usage rights from the host communities and treatment contracts with the City of Norfolk through 1993 for 20 MGD, and (3) writing a Water Position Paper that evaluated 24 possible long-term sources of water on the basis of each alternative's ability to deliver up to 60 MGD at a reasonable cost and without major complications. The City of Virginia Beach has a very comprehensive water conservation program that is aimed at both short and long-term reductions in water usage. @rt-term water use reductions are achieved through the enforcement of the City's emergency water conservation ordinance which bans nonessential water use, rations water, institutes a water connection moratorium and imposes a surcharge on residential and commercial water customers in excess of a minimum number of gallons. The overall goal of the conservation ordinance is to achieve a forced reduction in water consumption amounting to approximately 25 percent. Long-term reductions in usage are achieved through building code modification. Since 1978, the City of Virginia Beach has required the installation of water-saving fixtures in all new and remodeled homes. The building codes specify the amount of water per toilet flush, the gallons per minute that may flow through household facilities such as shower heads, faucets and the requirement of water recycling in car wash operations. In addition to the above, Virginia Beach has initiated an extensive education and public information program. TWs program consists of water conservation curriculum programs in the public schools; direct mail to customers; and a series of public exhibits and water use audits for hotels wid motels. The success of Virginia Beach's comprehensive water conservation program is illustrated by data contained in the United States Geological Survey (USGS) 1980 Water Use Report and data compiled by the Virginia Beach Department of Utilities. This data reveals that the 1980 per capita water use for Virginia Beach is considerably less than both the Commonwealth of Virginia and the State of North Carolina's usage. Even if the significant decrease in per capita water consumption continues through the year 2030, the City must augment its existing water supply sources. It is expected that the 2030 water demand projection of 48 MGD by the U.S. Army Corps of Engineers for Virginia Beach can be met by construction of the Lake Gaston project. In addition, the City of Chesapeake has indicated an additional 10 MGD need from the Lake Gaston withdrawal (the IV-14 remaining annual average & MGD of their projected 18 MGD 2030 need will be met by their existing Northwest River withdrawal); Franklin has indicated a need of 1 MGD and isle of Wight County has indicated a need of I MGD. Therefore, the Lake Gaston project has been sized to supply 60 MGD in the year 2030 in order to supply the following communities: Virginia Beach 48 MGD Chesapeake 10 MGD Franklin I MGD Isle of Wight I MGD Total 60 MGD The Lake Gaston Project In 1982 the City Council designated the Lake Gaston Project as the preferred water supply alternative and directed the staff of the Department of Public Utilties to proceed with the submission of an Environmental Impact Assessment and the necessary engineering and technical studies. The permit application and environmental report were submitted in July, 1983, and a finding of No Significant Impact was announced by the U.S. Corps of Engineers in December, 1983. The project consists of an 85 mile, 60-inch inside diameter concrete pipeline from the Pea Hill Creek tributary of Lake Gaston to the Norfolk raw water transmission lines near Red Top in Suffolk, Virginia. A submerged water intake structure would be located in Pea Hill Creek to supply water to an onshore pump station via an underground pipeline. From the pump station, the pipeline would proceed east for about 6 miles until its intersection with a VEPCO powerline right-of-way. The pipeline would follow a northeast route for 21 miles within the VEPCO right-of-way until its intersection with the active Norfolk and Western rail line near Purdy, Virginia. The pipeline would follow an easterly route within the active railroad right-of-way for 8 miles until a point just east of Jarratt, Virginia. East of Jarratt, the rail line is abandoned and the pipeline would follow the inactive railroad right-of-way for 33 miles until its intersection with Norfolk's raw water lines just east of Walters, Virginia. Still continuing east, the pipeline would parallel the Norfolk right-of-way for 9 miles, and then east along or within highway rights-of-way for 8 miles to its intersection with Norfolk raw water transmission lines near Red Top in Suffolk, Virginia. The pipeline would traverse land in the Counties of Brunswick, Greensville, Sussex, Southhampton, and Isle of Wight and the City of Suffolk. The accompanying map shows the pipeline route and the communities through which it would pass. With the exception of major stream and river crossings, the pipeline will be buried with a minimum of three feet of cover. With the exception of the Meherrin River, all major stream and river crossings will use existing in-place concrete piers which previously supported the now abandoned rail line. W-15 In order to clarify the City's right to undertake the Lake Gaston Projects, a declaratory judgment was filed by the City against the Roanoke River Basin Association and the Governor of North Carolina in his official position. The judgment, which seeks to determine the City's rights under its @tion 10 permit to proceed from the U.S. Army Corps of Engineers, is still under review. In addition, the State of North Carolina has filed a suit against the U.S. Army Corps of Engineers to require that a full Environmental Impact Statement be submitted for the Lake Gaston Project. Financing Plan A portion of the proceeds from the Water and Sewer Bonds, Series 1984 will be used to pay for preliminary engineering and design of the Lake Gaston project. Present estimates prepared for the City by C.E. Maguire, Inc. put the construction cost (not including financing costs) at $126,750,800 in 1983 dollars ($172,554,000 in future dollars). The following cash flow is projected. Fiscal Year Amount 1984 $ 3,000,000 1985 1,400,000 1986 2,276,000 1987 2,468,000 1988 50,140,000 1989 54,350,000 1990 58,920,000 Total $ 172,554,000 The City is presently evaluating alternative financing structures to raise the necessary $173 million including: (1) self-supporting Water and Sewer Revenue bonds; (2) special taxing district; and (3) obligations partially supported by the general fund. W-16 SECTION FIVE THE CITY Introduction The present City of Virginia Beach was formed on January 1, 1963, by the merger of Princess Anne County and the former smaller City of Virginia Beach. This merger created one of the largest cities in the Commonwealth of Virginia with an area of 310 square miles and 38 miles of shore line on the Atiantic Ocean and the C@apeake Bay. The City covers the entire eastern border of Virginia south of the Delmarva Peninsula and includes all of the area from Chesapeake Bay to @ North Carolina border. The City of Virginia Beach now has the largest population of any city in Virginia. As a city on the eastern seaboard, Virginia Beach has always been known as a resort community. However, the strength of the City's economy lies in its diversification. Construction/real estate, light industry, wholesale and retail sales, agriculture, four major military bases, and resort and convention trade are the major aspects of the economy. The City encourages and supports this diversification. Virginia Beach is an independent, full-service City with sole local governmental taxing power within its boundaries. It derives its governing authority from a charter granted by the General Assembly of the Commonwealth of Virginia. The governing body of the City is the City Council, which formulates policies for the administration of the City. The current charter provides for a Council-Manager form of government. There is no overlapping debt or taxing powers with other political subdivisions. The water and sewage systems are operated on a self-supporting basis. The Executive Offices are located at the Municipal Center, Virginia Beach, Virginia, 23456, (804) 427-4242. The telephone number for the Finance Department is (804) 427-4681. V-1 Certain Elected Officials and Administrative/Financial Staff Members The City operates under the Council-Manager form of government as established by its Charter. There is an eleven member City Council vested with local legislative powers. Each member of the City Council is elected on an "at large" basis; however seven seats must be filled by individuals who reside in the seven respective boroughs of the City. All members of the Council are elected for terms of four years, with the elections being held in even/odd years for approximately half the seats. The Council elects a Mayor and Vice-Mayor from among its members. The City Manager is the administrative head of ihe municipal government and carries out the policies of the City Council. The City Manager is appointed by the City Council and serves at the pleasure of the Council. There is an eleven member School Board appointed by the City Council. The School Board exercises all the powers conferred and performs all the duties imposed upon them by general law. Like the City Council, seven seats must be filled on the School Board by individuals who reside in the seven respective boroughs of the City. The four additional members of the School Board are appointed from the City at large. All appointments are made for a period of three years. The City Council also appoints members to certain boards, commissions, and authorities as it deems necessary to the operation of the City. Elected Officials Louis R. Jones, Mayor Owner and President of Holloman-Brown Funeral Homes, Inc. and Snellings Funeral Homes, Inc. Elected to City Council in 1982 and became Mayor on the same date. Bachelor of Science degree in @iness Administration from the College of William and Mary, Norfolk Division (now Old Dominion University). Barbara M. Henley, Vice-Mayor School teacher employed in the Virginia Beach Public School System from 1964-70. Elected to City Council in 1978, re-elected in 1982 and became Vice-Mayor. Graduate of Old Dominion University with Bachelor of Science degree in Elementary Education. John A. Baum, Councilman Farmer wit h an Agricultural Engineering degree from Virginia Polytechnic Institute and State University. First elected to City Council in 1972, re-elected in 1976, 1980 and 1984. Nancy A. Creech, Councilwoman Owner and President of Ayers Insulation and Supply Company, Inc., Partner and President of Ocean Gate Enterprises, Ltd. and V & N Associates. Elected to City Council in 1982. Bachelor of Arts Degree in Elementary Education/Psychology from Westhampton College, University of Richmond. V-2 Harold Heischober, Councilman Owner of Pembroke Chrysler, Plymouth, Mazda car dealership. Elected to City Council in 1980 and served as Vice-Mayor from 1980-82. Re-elected in 1984. Attended St. John's University School of Commerce and School of Law. H. Jack Jennings, Jr., Councilman Vice President of Insurance Management Corporation. Elected to City Council in 1982. Attended the University of South Carolina and the College of William and Mary, Norfolk Division (now Old Dominion University). Robert G. Jones, Councilman Attorney-at-Law. Elected to City Council in 1982. Bachelor of Arts degree from Davidson College, Master of Arts from Yale University, Doctor of Philosophy from Duke University and Doctor of Jurisprudence from the University of Virginia. W. Hugh Kitchin, 111, Councilman Self-employed innkeeper of the Seahawk Motel and Kitchin's Kitchen Restaurant. Elected to City Council in 1980. Bachelor of Arts degree from the College of William and Mary. Reba S. McCianan, Councilwoman School teacher and civic leader. Employed in the Virginia Beach Public School System from 1964-68. Elected to City Council in 1980 and re-elected in 1984. Bachelor of Science degree from Berea College and Master of Science degree from Virginia Polytechnic Institute and State University. J. Henry McCoy, Jr., Councilman Dentist. Elected to City Council in 1974, re-elected in 1978 and 1982. Served as Vice Mayor from 1978-80 and as Mayor from 1980-i982. Bachelor of Science degree and Doctor of Dental Science from the Medical College of Virginia. Meyera E. Oberndorf, Councilwoman School teacher and civic leader. First elected to City Council in 1976. Re-elected in 1980 and 1984. Bachelor of Science degree in Elementary Education from Old Dominion University. Robert E. Fentress, Councilman President of the Virginia Beach Bank of Commerce. Elected in 1984 to fill the seat being vacated by Councilman Kitchin. Appointed Off icials Thomas H. Muehlenbeck, City Manager since June, 1982. Previously served as Deputy City Manager, City of Austin, Texas; City Manager, City of Galveston, Texas; City Manager, City of Vaidosta, Georgia; City Manager, City of College Park, Georgia; and City Manager, City of Atchison, Kansas. Bachelor of Science degree in Government from Lamar State V-3 College of Technology and Master of Public Administration degree from the University of Kansas. Giles G. Dodd, Assistant to the City Manager for Finance and Research since 1968 and Director of Finance since 1963. Previously served as County Comptroller of Princess Anne County from 1955 to 1963. Also employed with the Commonwealth of Virginia, Auditor of Public Accounts from 1949 to 1955 as an Auditor and Systems Accountant. Bachelor of Arts degree in Business Administration with concentration in Accounting from the College of William and Mary. J. Dale Bimson, City Attorney since 1969. Previously served as Assistant City Attorney for the City of Virginia Beach from 1966-1969. Bachelor of Science degree from Virginia Commonwealth University and Doctor of Jurisprudence from the University of Richmond Law School. Robert J. Scott, Director of Planning since 1975. Previously served the City as Acting Planning Director from March 1975 - July 1975 and as a City Planner from June 1973 - February 1975. Bachelor of Science in Civil Engineering from Worcester Polytechnic Institute and Master of Urban and Regional Planning degree from Cornell University. Aubrey V. Watts, Jr., Director of the Department of Public Utilities since November 1974. Previously served the City as the Director of Personnel from 1971 - November 1974, Assistant Director of Finance, an Accountant from 1967 to 1971 and Deputy Treasurer from 1963 to 1967. A Bachelor of Science degree in Business Administration from Virginia Polytechnic Institute and State University. A. James DeBellis, Director of the Department of Economic Development since 1970. Previously served as Manager of Public Relations for the Potomac Edison Company from 1968-1969 and as the Area Development Manager for Potomac Edison's Southern Division from 1965 to 1968. Bachelor of Science degree in Commerce from Grove City College. Harold S. Whitehurst, Director of the Department of Parks and Recreation since 1974. Previously served the City as Director of Oarks, Recreation, Health and Physical Education from 1960 to 1974. Co-ordination of Physical Education for Princess Anne County School Board form 1957 to 1960. A Physical Education Instructor from 1950 to 1957. Bachelor of Arts degree from the College of William and Mary and Bachelor of Science degree and Master of Arts degree from East Carolina University. Ruth Hodges Smith, City Clerk since January 1, 1979. Certified Municipal Clerk. Bachelor of Arts degree in Administration from Potomac State College of West Virginia University. Edward E. Brickell, Superintendent of the Virginia Beach School System since March, 1968. V-4 Appointed by the Virginia Beach School Board. Previously served as Director of Secondary Administration for the Virginia Beach School System from 1966 to 1968. Administrative Assistant to President and Assistant Professor of English, College of William and Mary from 1965 to 1966. Superintendent of Schools for Franklin, Virginia from 1962 to 1966. Teacher, Assistant Principal, and Superintendent of Schools for South Norfolk, Virginia from 1951 to 1962. Bachelor of Arts degree in English from the College of William and MarY, Master of Arts degree in Humanities from the University of Chicago and Doctor of Education in School Administration from the College of William and Mary. C. Oral Lambert, Jr., Director of the Department of Public Works since October, 1976. Previously served the City as Director of the Department of General Services from 1968 to 1976. Attended Tidewater Community College and Old Dominion University. GOVERNMENTAL SERVICES AND FACELffIES The City provides general governmental services for its citizens including police and fire protection, collection and disposal of refuse, water and sewer services, parks and recreation, libraries/culture, health and social services, and maintenance of streets and highways. Other services provided by the City, and which receive partial funding from the State, include public education in grades kindergarten through twelfth, and certain technical and special education, mental health assistance, agricultural services and judicial activities. The City's main municipal complex includes two general administrative buildings, a school administration building, a public safety building, a city jail and a judicial complex. In close proximity are a city garage complex and a highway maintenance facility. There are three police precincts, seventeen fire stations, one fire training center, five area libraries, over ninety city parks, and sixty-three elementary and secondary schools located throughout the City. Sorne of the other major facilities provided by the City include a convention center, a civic dome facility, two recreational centers, a tennis complex, two municipal golf courses, and a farmer's produce market. The City of Virginia Beach employs a total of 4,348 City and 5,523 School employees and provides a comprehensive range of public services characteristic of its position as the most populous city in the Commonwealth of Virginia. General Government Adm@tration and Support Agencies The City Manager is responsible for planning, organizing, directing and coordinating all activilcies of the City. The Department of Finance oversees the financial affairs of the City and ensures the financial integrity of City operations. Departmental services V-5 include: preparation of the City's Operating Budget and the Capital Improvement Plan; payment of all City and School Board bills; maintenance of accounting records; license tax audits of businesses; provision of insurance and maintenance of the City's fixed assets inventory; procurement of all equipment, materials and services for all City agencies. The function of the Department of Data Processing is the processing and electronic storage of information used in the daily business of the City. Data Processing collects, organizes and disseminates information to all City departments, City agencies, and the Public School system. It also provides consulting services in related areas to municipal users to assist them in formulating goals, objectives and long range plans. The Department of Personnel is responsible for developing and managing the City's personnel management programs to ensure an effective delivery of services by the workforce. This Department provides services in applicant counseling, recruitment, testing, volunteer referrals, policy interpretations, fringe benefits, grievance procedures, disciplinary action, career counseling, professional development and compensation. The Department of Planning is responsible for maintaining a long-range Comprehensive Plan which optimizes the physical, fiscal and natural resources of the City in its development. The planning staff provides coordination services in an effort to effectively facilitate program development and implementation. The Planning Department reviews subdivision plats, site plans, and land management plans and prepares the monthly Planning Commission Agenda. Additional responsibilities include providing the City staff and the general public with current zoning an,d inventory maps and a wide range of demograhic development. It is the responsibility of the Real Estate Assessor's Office to annually appraise all real property in the City. In addition, the Office administers the Land Use Program for qualifying farm and forest lands and processes the Tax Exemption Program for qualifying senior citizens and disabled persons. The City Treasurer is an elected officer of the City. His office is responsible for receiving, accounting for, and maintaining custody of all monies paid to the City. The Department of General Services provides support functions for City departments. General Services consists of five divisions: Automotive Services, Building Maintenance, Landscape Services, Printing and Distribution, and Employee Safety. The Department of Permits and Inspections is responsible for the enforcement of building codes and the inspection of all construction in the City. Public Safety The protection of lives and property are the primary tasks of the Virginia Beach Fire and Police Departments. The Fire Department, which is V-6 responsible for both fire prevention and fire suppression, handled 5,986 fire incidents in 1983. 243 firefighters from the Suppression Division perform the actual emergency responses to fires from the City's seventeen fire stations. In addition, available volunteer firefighters with proper training provide a significant manpower contribution to the firefighting force. The Police Department is composed of four major units: Administration, Services, Uniform, and Investigative Divisions. The Department operates through three precincts located throughout the City. Virginia Beach's crime rate for 1982 was 52.5 crimes per 1,000 population. This was the lowest crime rate of any city in the nation with a population of 200,000 - 400,000 and compares favorably with the average of 94 crimes per 1,000 population for similarly sized cities. In 1983, the crime rate decreased to 51.7 crimes per 1,000 population. Housing and Community Development The Department of Housing and Community Development was created in 1975 as a result of the Federal Housing and Community Act which established community block grants to develop viable urban communities and provide decent housing and suitable living conditions. The goal of this department is to improve blighted areas of the City. The Housing and Community Development Office designs programs involving capital improvements, new construction and rehabilitation to revitalize areas. The Office administers the State program which subsidizes rent up to 70 percent for qualified tenants and the Urban Preservation and lnfill Program which provides permanent mortgage financing to qualified persons in specified areas. This office is funded entirely by,the federal government. Leisure Services The Department of Parks and Recreation ensures a wide range of high quality, year-round leisure time programs that are responsive to the physical, mental and cultural needs of the citizens of Virginia Beach. This department consists of the Parks Division, the Recreation Division, and the Virginia Beach Transit Division. The Parks Division plans, acquires, constructs and maintains parks, playgrounds, public beaches, golf courses and open spaces that are accessible for safe and enjoyable recreational activities. The Recreation Division has responsibilities in the following areas: provides recreation and leisure services to adults, senior citizens and youths through continuously scheduled programs and special events; provides a well-rounded athletic program for persons from ten years of age and older; provides all disabled citizens the opportunity to receive the benefits of recreation and leisure in the least restrictive environment; provides recreation centers, which on a weekly basis, offer recreation opportunities to help deter juvenile delinquency through alternative programming of wholesome, supervised activities for pre-teens and teens; and provides classes in the Performing Arts. V-7 The Virginia Beach Transit Division provides the oceanfront with an efficient and economical transportation system that allows visitors to park their cars and ride the troily. The Department of Public Libraries manages five area libraries and a bookmobile to provide every resident with access to the knowledge and opinions of others and to link individuals in pursuit of information with books and other forms of communication relevant to their need. Library services include: A Reference Division including a Municipal Reference section and a Law Library; Outreach Services including an Extension Division utilizing the Bookmobile, the Mail-A-Book Program and Special Services for the Blind; A children's Division and a Technical Services Division. In 1983, this department implemented an automated Circulation system to improve the delivery of its library services to the 110,000 resident users. The Virginia Museum of Marine Sciences will be opening in May of 1985. It will be designed to increase the public's knowledge of the nature and needs of Virginia's marine environment, to serve as a marine educational facility for Virginia's school divisions and to be a revenue producing entity and tourist attraction for the City and State. The Museum will have live exhibits featuring over 100,000 gallons of aquariums and four natural habitat areas of marine environment. Half of the Museum will encourage visitors to participate in experiments about the qualities of sand, seawater and marine weather. Special areas will display temporary exhibits and explore the early inhabitants of the Chesapeake Bay. Public Works The Department of Public Works provides engineering, traffic, highway, and sanitation services. The Engineering Division is responsible for subdivision and site plan reviews for construction projects, exclusive of public utilities and schools; surveys; mapping; waterfront construction; and permits. Traffic Engineering is responsible for the design, installation and maintenance of signs, street lights, traffic detours due to construction and all traffic control devices and parking meters. The Highway Division is responsible for the maintenance of all public streets, bridges, drainage systems, and sidewalks. The Inspection's personnel approve and inspect all permit construction activities within the City's right-of-way including inspection of subdivision right-of-way construction. The Solid Waste Management Division collects and disposes of garbage produced by residents, as well as coordinates groundwater studies for Mt. Trashmore Park to assure no adverse environmental impact in the vicinity. Public Utilities The Department of Public Utilities provides water and sewer service to City residents. Their responsibility includes the installation and maintenance of 1,800 miles of combined water and sewer lines. Economic Development Activity V-8 The Economic Development Department promotes and encourages the economic growth and diversity of the City. The Deparment is composed of three operating divisions: Tourist Development, Convention Promotion and Industrial Development. The Tourist Development Division coordinates the advertising and promotional activities to assure that over 7,000 hotel and motel rooms are filled each summer. The division also operates a Visitor Information Center which responds to advertising inquireies year-round. They assist visitors in finding rooms, food and entertainment and they provide information on shopping and points of interest. This division also operates the Pavilion and the Civic Center. The Convention Promotion Bureau is responsible for arranging to bring meetings, conferences and conventions of large groups into Virginia Beach. This Bureau also provides convention services when the groups are in Virginia Beach. Tourists and conventioneers spent an estimated $28,000,000 in the City of Virginia Beach in 1983. TWs was an increase of 15 percent over 1982 spending. The Industrial Development Division works with the Virginia Beach Development Authority to attract business and industry to Virginia Beach and to develop industrial sites for new or expanding industry in the City's Industrial Parks. Health, RehabUitation, and Community Services The City provides a wide array of health and welfare services to its residents. I The Department of Public Health is responsible for promoting the best possible state of health for all Virginia Beach citizens. This Department assumes primary responsibilities for providing protective, curative and environmental health services when not otherwise provided by the private sector. The Public Health Department offers services and clinics in the areas of pediatrics, denistry, family planning, immunizations, home nursing, maternity, chest x-rays, veneral disease, health education, and environmental health. The Virginia Beach Community Services Board is responsible for the mental health, mental retardation and substance abuse services and facilities in Virginia Beach. This Board works to develop a system of preventative, developmental, therapeutic and training services to meet the mental health needs of Virginia Beach citizens. This is accomplished through program coordination with the Eastern State Hospital, Southeastern Virginia Training Center for the Mentally Retarded, the private sector and the general community. The Office of Emergency Medical Services coordinates the pre-hospital emergency care provided by the eleven volunteer Rescue Squads. TNs care includes rapid, safe response to the scene, proper treatment of the victim and prompt transfer to the hospital. This Office aiso provides all rescue squad training and coordinates the use of specialized resources including police, fire, V-9 hospital personnel, dispatchers and the Nightingale Air Ambulance to deal with medical emergencies in the City of Virginia Beach. The Pendieton Child Service Center is a community treatment agency serving children, of Virginia Beach and Chesapeake, ages 12 and under, who are exhibiting serious antisocial and maladaptive behaviors in the home, school and/or community. The Juvenile Probation Office provides support services to the Juvenile and Domestic Relations District Court. I V-10 ECONOMIC AND DEMOGRAPHIC FACTORS Population The Department of Planning of the City has estimated Virginia Beach's population at 310,799 as of January 1, 1984. This estimate is based mainly on new housing construction during the time following the 1980 Census. The 5.23 percent annual increase in population between the 1970 and the 1980 censuses made the City one of the fastest growing communities in the United States. Listed below are population figures for selected years. Virginia Annual Rate United Annual Rate Year Beach of Change States of Change 1950 47,667 n/a 150,697,361 n/a 1960 85,218 7.87% 178,464,236 1.70% 1970 172,106 10.19 203,211,926 1.31 1980, 262,199 5.23 226,545,805 1.09 19841 310,790 4.37 236,413,000 1.07 1 Projected figures used for the United States Source: City Department of Planning and U.S. Department of Commerce, Bureau of the Census. Due to its rapid growth, Virginia Beach is now the most populous city in the Commonwealth of Virginia. The following table lists the five most populous cities in the state. Five Most Populous Cities in Virginia 1982 Estimated Population City Population Virginia Beach 282,600 Norfolk 266,900 Richmond 218,200 Newport News 151,200 Hampton 125,000 Source: Tayloe Murphy Institute, University of Virginia V-11 The 1980 Census estimated the City's median age to be approximately 27 years. Other population characteristics are shown below. Virginia United Characteristic Beach Virginia States Median Age 26.90 29.80 30.00 % 5chool Age (5-17) 23% 21% 21% 65 and Older 5% 9% 11% Number of Persons/ Household 2.97 2.77 2.75 Source: 1980 Census, U.S. Department of Commerce, Bureau of the Census Income The level of per capita income in the City has risen from 92 percent of the national average in 1970 to 103 percent in 1982. Per Capita Income 1970 1980 1981 1982 Virginia Beach $3,613 $9,653 $10,881 $11,487 Norfolk 3,412 8,142 9,088 10,277 Chesapeake 3,038 8,423 9,351 9,817 Portsmouth 3,148 8,288 9,346 9,958 Virginia 3,712 9,305 10,385 11,056 United States 3,945 9,503 10,582 11,100 Source: U.S. Department of Commerce, Bureau of the Census. The City's share of statewide personal income has also grown over the past decade from 3.6 percent to over 5 percent. V-12 Personal Income (in millions) 1970 1980 1981 1982 Virginia Beach $626.4 $2,559.0 $2,997.2 $3,246.0 Virginia 17,295.3 49,891.7 56,396.3 60,576.2 Virginia Beach as a percent of state 3.62% 5.13% 5.31% 5.36% Source: U.S. Department of Commerce, Bureau of the Census. Median Household Income Area 1970 1975 1980 1981 1982 Virginia Beach $10,120 $15,367 $20,954 $23,150 $25,000 Chesapeake 8,936 11,651 15,682 1 8,900 19,750 Norfolk 6,278 8,984 14,290 15,600 13,941 Portsmouth 6,568 9,519 12,656 16,200 14,071 Average for Metropolitan Area 7,744 10,779 16,366 18,600 19,118 Source: Taylor Murphy Institute, University of Virginia. Housing and Construction ActivitY The data in the tables below are presented to illustrate various housing characteristics for the City of Virginia Beach. As of January 1984 the total number of dwelling units in the City was 118,720. Single-family Lmits represented 52 percent of this total. The distribution of all dwelling units is as follows: Housing-January 1984 Dwelling Units Percent Single Family 61,953 52% Duplex 5,539 5 Townhouse 14,097 12 Apartment-Low Rise 20,308 17 Apartment-High Rise 1,537 1 Mobile Homes 2,627 2 Military Combined Units 12,659 11 Total 118,720 100% Source: City Department of Planning V-13 For the 1983 calendar year the City issued 17,160 building permits with a total value of $550,743,864. The following table gives the annual breakdown of building permits by type: Number of Building Permits Issued and ValLie Calendar Total Year Residential Commercial Industrial Other Value 1973 2,874 93 22 3,315 $229,004,788 1974 1,240 80 15 3,150 120,991,119 1975 1,627 312 7 3,039 113,288,727 1976 2,586 438 14 3,225 170,564,483 1977 3,639 532 9 3,806 273,866,533 1978 2,806 608 10 3,944 245,928,931 1979 2,552 652 16 5,138 290,885,461 1980 2,023 579 13 7,317 236,175,999 1981 1,956 814 13 7,105 261,207,207 1982 3,366 727 4 10,208 353,858,706 1983 4,638 855 23 11,644 550,743,864 Source: City Department of Permits and Inspections Note: One building permit does not nl*cessarily equal one residential unit; in many instances one permit is for multiple residential units. The table below presents annual construction information for Virginia Beach including the number and assessed value of residential and commercial units. Residential construction more than doubled between Fiscal Year 1982 and Fiscal Year 1983 totalling 7,352 building permits for an estimated value of $348,718,623. V-14 New Construction: Number of Units and Estimated Value Residential Construction Commercial Construction Fiscal Number of Estimated Number of Estimated Year Units Value Permits Value 1974 6,182 $161,610,455 341 $ 31,069,150 1975 1,989 65,939,750 299 20,845,495 1976 2,548 98,707,450 406 23,509,592 1977 4,964 181,486,620 494 32,392,732 1978 4,548 167,529,520 611 69,226,593 1979 3,923 155,101,500 599 48,109,222 1980 3,030 133,389,250 676 81,293,054 1981 3,466 168,959,750 675 43,686,085 1982 3,392 171,533,375 807 70,159,880 1983 7,352 348,718,623 745 67,498,647 Source: City Department of Permits and Inspections Employment The private employers in the City of Virginia Beach provided jobs for over 56,000 persc quarter of 1983. In addition, the military bases in the City provided jobs for over 30,000 persons. City of Virginia Beach First Quarter 1983 Number of Establishments, Employinent, and Quarterly Gross Wagesi Employ- Weekly No. of ment Quarterly Wage Establish- for Gross Per Industry Group ments Quarter Wages Worker Agriculture, Forestry & Fish 74 431 $945,864 $169 Mining & Quarrying 3 17 51,607 234 Construction 769 6,146 22,744,121 285 Manufacturing 103 2,986 9,775,734 252 Transportation, Com- munication & Utilities 107 3,312 12,869,262 299 Trade 1,306 21,007 51,706,574 189 Financial, Insurance & Real Estate 440 3,968 13,297,739 258 Services 1,643 18,445 56,331,170 235 TOTAL 4.445 56,312 S167,722,071 I 2U ource: Virginia Employmeni Commission Table does not include military employment or federal, state, and local government employment. V-15 Employment by Sector First Quarter 1983 Trade 37.30% Services 32.75 Construction 10.92 Financial Insurance & Real Estate 7.05 Transportation, Communication and Utilities 5.88 Manufacturing 5.30 Agriculture and Mining 0.80 100.00% Source: Virginia Employment Commission As itIListrated in the table below, the unemployment rate for the City of Virginia Beach has been consistently lower than the rates for the S.M.S.A., Commonwealth, and United States, averaging 4.1 percent since 1979. Unemployment Ratesi 1979 - 1983 August August August August August 1979 1980 1981 1982 1983 Virginia Peach 3.8% 4.3% 4.1% 4.3% 4.1% S.M.S.A . 5.4 5.9 5.9 7.1 5.3 CommonweaJth of Virginia 4.5 5.4 5.4 7.3 5.3 United States 5.9 7.5 7.2 9.6 9.2 Source: Virginia Employment Commission I Not seasonally adjusted 2 Standard Metropolitan Statistical Area (for the purpose of this tabulation, this area is composed of the following jurisdictions: Chesapeake, Norfolk, Portsmouth, Suffolk and Virginia Beach). V-16 Industry A variety of industrial and commercial service employers are located within the City of Virginia Beach. The table below presents data regarding the major industrial and high technology employers in Virginia Beach including the products they provide and the number of employees. Firm Product Employees QED Systems, Inc. Computer software design for ship maintenance schedule 500 Tracor,lnc. Engineering & technical support 480 Virginian-Pilot & Ledger Star Newspaper 388 Stihl Incorporated Chain saws 380 Moulinex Regal, Inc. Small household appliances 200 Raytheon Service Co. Electronic overhaul & repair vessels & equipment 200 Sandier Foods, Inc. Fresh & frozen foods 200 Hermes Abrasives Ltd. Industrial coated abrasives 197 Comptek Research Systems engineering & software production 180 Milcom Systems Corporation Communications & electronic systems 175 Forbes Candy Candy 150 Kempsville Building Materials Lumber 150 Sperry Univac Software development & systems integration 150 Airco Welding Products Welding equipment 140 Computer Dynamics Corporation Computer programming services 130 Planning Research Corporation Computer programming on defense contracts 130 Systems Engineering Associates Software development & systems engineering 125 American Systems Engineering Corporation Systems engineering 115 Contractors Paving Co., Inc. Asphalt 110 Guille Steel Products Co., Inc. Steel joists, steel deck 110 Seven-Up Bottling Co. Soft drinks 110 Kransco Manufacturing, Inc. Recreational & leisure products 100 Tea Pack Co., Inc. Tea blending & packaging 100 Source: City Industrial Directory, 1983 V-17 Tourism and Conventions Covering the entire eastern seaboard of Virginia, exclusive of the Delmarva Peninsula, the City plays an important role in the State's tourist industry. In 1983 there were in excess of 6,000 full-time employees directly involved in the Virginia Beach tourist industry. It is estimated that an additional 6,000 part-time employees were added during the heavy summer season. There were more than 1,300 individual businesses actively involved in the Virginia Beach tourist industry during 1983. Measured in terms of actual tax returns, tourism produced the following revenues for the City between fiscal year 1976 and fiscal year 1983: Fiscal Total Hotel Room and Year Restaurant Tax Receipts 1976 $2,291,531 1977 3,111,267 1978 3,720,839 1979 4,416,960 1980 4,805,186 1981 5,774,795 1982 10,872,431 1983 10,609,0161 Total $ 45,602,025 Source: City Director of Finance I The restaurant tax was reduced from 6 percent to 5 percent for fiscal year 1983. This tax was reduced further, to 4 percent, effective January 1, 1984. The City's Convention Center, Pavilion, opened during 1980. A pre-existing civic center, the Dome, and Pavilion @rated 296 event days in support of scheduled activities in 1983. A total of 926 different events were held. The facilities generated direct revenue from rental of space, amusement tax, food tax, direct food/beverage sales and catering commissions. V-18 A record of convention activity in Virginia Beach for the years 1976 through 1983, inclusive, is set forth below. Convention Activity in Virginia Beach Estimated Estimated Total Total Number of Delegate Year Delegates Spending 1976 43,000 $ 4,000,000 1977 13,000 2,000,000 1978 29,000 9,000,000 1979 52,000 16,000,000 1980 90,000 27,000,000 1981 102,000 24,000,000 1982 109,400 27,000,000 1983 111,650 28,000,000 Source: City Department of Economic Development Commercial Business Retail and wholesale business employs about 37 percent of the City's civilian labor force excluding military and government employment. Through September 1983 there were 4,896 registered retail establishments in the City with total taxable sales for three quarters of 1983 of $986,932,086. Total taxable sales for 1982 were $1,155,814,290. The tabulation below shows the trend in the number of such retail establishments and the volume of their taxable sales. V-19 Registered Retail Establishments and Taxable Sales Registered Retail Taxable Year Establishments Retail Sales 1971 2,196 $254,680,013 1972 2,447 301,420,853 1973 2,573 364,995,770 1974 2,695 443,128,089 1975 2,848 475,307,481 1976 2,995 529,314,299 1977 3,253 637,135,970 1978 3,457 731,928,293 1979 3,710 776,170,260 1980 3,900 868,121,999 1981 4,247 1,020,327,950 1982 4,500 1,155,814,290 1983 (through September) 4,896 986,932,086 Source: Virginia Department of Taxation The above summary of Taxable Retail Sales does not include sales which are exempt from tax. Specifically exempt from the sales tax under Section 58-441.6 of the Virginia Retail Sales and Use Tax Act are sales of alcoholic beverages in government stores, sales of certain - motor vehicles, trailers and semitrailers, mobile homes and travel, trailers, and sales of certain motor vehicle fuels. Also the figures do not include non-taxable sales on military bases in the City estimated to be in excess of $125,000,000 annually. City of Virginia Beach Bank Deposits, Savings & Loan, and Credit Unions Last Ten Fiscal Years Bank Savings Year Deposits & Loan Credit Union Total 1974 $ 228,382,000 $75,103,000 $ 8,503,000 $ 311,988,000 1975 243,127,000 103,512,000 11,428,000 358,067,000 1976 278,911,000 142,273,000 13,992,000 435,176,000 1977 318,600,000 191,527,000 18,469,000 528,596,000 1978 376,543,000 242,132,000 22,241,000 640,916,000 1979 380,899,000 284,688,000 21,614,000 687,201,000 1980 400,951,000 325,466,000 25,187,000 751,604,000 1981 436,678,000 359,809,000 24,076,000 820,563,000 1982 495,878,000 466,084,000 30,308,000 992,270,000 1983 645,308,000 711,368,000 38,250,000 1,394,926,000 Source: Tayloe Murphy Institute, University of Virginia V-20 Military There are four military bases located in Virginia Beach with a total of 30,167 military and civilian workers and an annual payroll of approximately $480.6 million. The numbers of military personnel, civilian employees and the approximate value of the annual payrolls at each base are detailed below. Oceana Naval Air Station has 11,100 military personnel and 1,300 civilian employees with an annual payroll of $233 million. Oceana is a master jet base for 23 fighter and attack squadrons and 9 airwings. Little Creek serves as the home port for ships of the Naval Amphibious Force, U.S. Atiantic Fleet. Little Creek has 8,341 military personnel and 1,834 civilian employees, with an annual payroll of over $169 million. Fort Story is an Army base established as a coast artillery post in 1917. It provides facilities for conducting amphibious training, Logistical-Over-the- Shore (LOTS) operations, and other field exercises. Fort Story has 2,592 military and civilian personnel. The Army military and civilian total annual payroll was approximately $29.6 million for 1983. Dam Neck consists of the Fleet Combat Training Center, Atlantic and four major tenant commands: Fleet Combat Direction Systems Support Activity; Naval Ocean Processing Facility; Tactical Training Group, Atiantic and the Naval Guided Missiles School. Dam Neck has 5,000 military and civilian personnel. The annual payroll approximates $49 million., Medical Facilities As of August 1983, there were two major hospitals with a combined total of 513 beds. There were 346 dc>ctors and 153 dentists practicing in the City. Agriculture The Virginia Polytechnic Institute and State University Extension Division of the Department of Agriculture in the City of Virginia Beach estimated that the economic contribution from agricultural related expenditures within the City amounted to $96.2 million in 1983. This estimate includes purchases for farm equipment, livestock feeding, lawn upkeep, fertilizer, etc. as well as those expenditures for production of farm products. The product value itself was estimated at $30 million during 1983. The principal products were swine, soybeans, corn, horticultural specialties, wheat, vegetables, horse breeding and dairy products. Summarized below are such values for the years 1973 through 1983, inclusive. V-21 Estimated Value of Agriculture Output Estimated Estimated Economic Year Product Value Contribution 1973 $31.7 million $101.72 million 1974 36.5 million 116.91 million 1975 41.4 million 132.65 million 1976 40.9 million 130.88 million 1977 40.0 million 128.00 million 1978 45.0 million 150.00 million 1979 43.0 million 139.00 million 1980 29.0 million 95.00 million 1981 30.9 million 98.94 million 1982 36.7 million 117.50 million 1983 30.0 million 96.20 million Source: Virginia Polytechnic Institute and State University Education Available within the City of Virginia Beach are a wide variety of educational facilities including public elementary, junior and senior high schools, private and parochial schools, and two colleges. In terms of pupil enrollment, the City's public school system is the largest city school system in the Commonwealth of Virginia. Public Schools The City of Virginia Beach public school enrollment totalled 56,207 for the 1983-84 school year, an increase of 1.95 percent over the previous year. Summarized below are selected items of information concerning the number and types of public facilities, the total annual school membership (enrollment), and the percentage change. Public Education Facilities 1983-84 43 Elementary Schools 9Junior High Schools 7Senior High Schools IVocational-Technical School ICenter for Effective Learning ICareer Development Center ICenter for the Gifted and Talented Source: Public Information Office, Virginia Beach Public Schools V-22 Virginia Beach City Public Schools Student Population Number Percent School Year of Students Change 1974 52,024 -- 1975 53,770 3.36% 1976 55,612 3.43 1977 56,202 1.06 1978 55,641 (1.00) 1979 55,521 (0.22) 1980 55,820 0.54 1981 55,075 (1.33) 1982 54,776 (0.54) 1983 55,131 0.65 1984 56,207 1.95 Source: State Department of Education Private and Parochial Schools There are 19 private and parochial schools in the City. In 1983 there were 4,034 students enrolled in these sc@ools. Higher Education Tidewater Community College, with a 1983 enrollment of 15,955 is a division of the Virginia Department of Community Colleges. The Virginia Beach campus has an enrollment of 9,067. It offers two-year co-education programs in arts and sciences with credits transferable to four-year colleges, plus two-year occupational-technical curricula in agriculture, business, engineering, health and public service. Tidewater Community College also conducts in-plant training classes for industrial and adult education. Virginia Wesleyan College which is located near the Virginia Beach, Norfolk boundary line is a four-year co-education liberal art college situated on 300 acres with a 1983 enrollment of 926. V-23 APEMIK A INOU TO LAL paw Auditores Opini . .......................................................... CA&ined Bal -noe Sheet - All Fmd @ aW Grwps .................. CcubinW S@ of Reyeam, and Chmm in Ftmd All Gaft Fund Typu aM le Trust @ .................... Cambined Stat@ of @nm, and in Fund @t and Acwg - Gomral. special Rm", and Debt SerAm Fmd Comb@ Statma of Rewam, , am in Retained A,ll Proprietary Fund Types ................................................ Cc&ined Statemerit of @ in Fiwwial Position - All Proprietary Fund TYP . ..................................................................... Notes to the Finanrial Stat@B - I . of Silpif@ ildg Policies ......................... 2. @ivables ........................................................ 3. Fixed Assets ....................................................... 4. @em Debt ..................................................... 5. AssetB ad Gbliptiom Umkr Capital @ ........................ 6. ........................................................ 7. Cout@as ...................................................... S. Ret md Deferred imu .............................. 9. lafmmtion for the Ent@ F@ ....................... 10. Interfund FAmivables aW Payabl . ................................. 11. Interfund Operating Trawfers ...................................... 12. imidual Equity Trawfers .......................................... 13. Fund Balance/RL-tained I Deficits ........................... 14. Exhibit A-2 @ A-3 @iliatim fDr the Special Revemie Crri OF W", SM - ALL KM TRES AND 3JNE 30. 1983 Furd S@ Dpbt Capital S@ Ge@ Reveale service @ts ASSETS Cash vdth 133) $16,9846392 $7,789,984 $ $26,308.677 $ 3.304 Cwh - MoKuito Control - 55,050 - - Cash - School Cafe - - - - Cash with Fi sml @ - - 8,665,438 - - Cash - Restricted, WaU Water mitipti- Prw- @ 7C) - - - - - Cash - Restricted, T Rate lncmm Nelptiations - - - - - Cash - Restricted, Water and @ Ccostrumian - - - - - Cash Advwbces 35,291 - - - - @vablm (net of .11@ for blm, appli@): P T@ 2A) 3,881,334 - - - - A 393979223 llp838 - - - s@ - - - - OD,979 N@ (Note 2B) 222p5oo - - - - 1- @ 2C) 1,539,001 - - - - Due fral Other Furds 374.653 - - - - th 39903,637 802,352 - - - Fe&ral 3,974 6610144 - 1,73D,406 - Advances to other F@ %ft IH) 3470450 - - - - I @ IG) 299,977 121,402 - - - Prepaid Item 10600 - - - - F@ Asmts - mt of ted del 3) - - - - - cons in - - - - - Available in Debt Service F" for Reti@ of Debt - - - - - tD be Provided for of Debt - - - - - to be Provided for Re of ObUptiom under Capital 7-se @ @ - - TOrAL ASSERS $30,991,032 $9,441,770 $8,665,438 $28,039,083 @283 LIM Sal-rim Payable $ 17.937 $7.223,6M $ - $ - $ - v@rs md P@ 19834,273 1,367,540 - 2,049,749 - Cowtniction Contracts P@ - - - 212,400 - Deposits Payable 120732 - - - Tax 18,092 - - 2 cny CF VMINIA WAGI, t A-1 CCMBW SM - All KM TM AND A=LlNr JM 30, 1983 F Proprietary RW TYM Fund Tnist Totals and Find Only) En sfface AsoetB Debt 1983 19az $ 17,208,930 $ 976,723 $5,832.097 - - 75,104,107 $ 47,173,am - - - 55,050 91,273 1,692,704 - - - 116920704 1,355,629 29560,213 - - - 119225,651 8,045,617 - 150,OOD - - - LSODOOO M,OOD - 190715 - - - 19,715 - 11,634,172 - - - - 11,634,172 90732,462 - - - - 35,291 26*om - - - - - 3,881,334 3,517,407 4.857$883 7,286 750 -' - 8.274,980 800179716 - - - - - 80*979 &,748 - - - - 222,5w 341,844 - - 4010552 - - 1,940,553 1,971,824 202,763 - - - - 577,416 1719927 - - - - - 40705,989 4.@0347 549532 - - - - 2,450,056 3,100,537 - - - - - 347,450 304,450 19073,903 449,029 - - - 19944,311 1,906,828 - 7 - - - l.W7 219818 166,946,435 1,581,ODl - 2599305,753 - 427,833,189 373,564,147 30.283,559 - - 73,299,706 - 103,583,265 M.459,280 - - - - - - 327,249 - - - 160,815,768 160,815,768 147,203,271 - - - @ 3,780,349 3,780,349 3,346,577 15 094 761 $6,234,399 $332,605,459 $164.5%.117 $820,356,436 21 762 $ - $ - - $ - $ - $ - $ 7,241.545 $ 6,716,456 2,382,970 4109990 5.772,237 - - 13,817,759 10,255,230 - - - - - 212,400 537,767 634.488 - - 647,22D 673,132 - - - 189092 24,810 crri or WAOI, OUSM SM - ALL RM TnW AND A=W 3M 30, 1983 Fum Tym S@ Debt capitma s@ @oe Prowu LIM Interest P@ $ - $ - $ - paywe ftm Restricted Aents: Bmds Payable - 39570,000 - - ma@ interest Payable - 500959438 - - Construction Contrac-ts Payable - - - - Due to: Otber Funds - - - - th 1898M - - - Fe&ral 49556 - - - Deferred 3,672,125 329799 - - 84,018 Otber Deferred Credits - - - - - from Fund - - - - - Bands and Notes P@le (Note 4) - - - - - @tim Boods P@ @ 4) - - - - - State Litp-rary Fund Motes - - - - - ObUpti- @ Capital imeem @ 5) - - - - - Othe.r Obliptiwa - - - - - Total Liabilities 5,555@159 7,385 W,665,-438 2,262,149 =018 PM @ In General Fimd $ - $ - $ - contri - - - Odicit): Reserved for Restricted - - - unreserved - - - Fund Roe@ for: (Mate IF) 10669p687 3809125 - 1203669633 - to Otber Funds 347.450 - - - - IP539,001 - - - - 299#977 1210402 - - - U@rved- ted for Debt Service - - - - 265 Desigmted fbr Subseq,@ Yam, 718949417 - - 13,410,3Dl - @ignated 13.685.341 292.858 - - Total Fmd Eqidty $25,435,873 s 794.3a5 W,776.-934 =265 @ LIMILXRIES AND nm M= 1 032 $9,441,770 $8,665,438 39 083 @283 The are an of tbe 4 t A-1 CnY OF CCMDE) SM - ALL RW TnW AND A=W JUNE 30, 1983 PrODrietarY FUnd Fmd Type Trast Totau and Fixed Enterprise Service Aawto Dpbt IYWL 1,219,381 $ - $ - - 1,219,381 %5,547 20,000 - - - 31590,OOD 10840,ODD 20540,213 - - - 7,635,651 6PZD5,617 3759029 - - - 375PO29 726,924 374p653 - 202,763 - 577,416 359,683 - - - 1808& 49730 - - - - 4.556 13,372 665,118 - - - 4,454,060 4,185,710 887,454 - - - 8870454 962,974 - 347,450 - - 347,450 3D4,450 73,440,000 - - - 73,440,000 63,060,OUD 17,639.600 - - 160,455 400 178,095,000 166,750,000 - - - - 360:368 360,368 - I,%9,425 1,381.968 - - 3,780,349 791310742 6,897,659 494.877 - - - - 494.877 - $102,643,208 V,140-,408 W975.-OOO $ - 1 596,117 .568.W 70,484,061 $ -$ - $ - $332,605,459 $ - $332,605.459 M,016,966 129,134,691 143,979 - - - IN,278.670 123,860,049 119259*143 169.715 - - - 11$428,858 12,007,981 (6,521.%B) 729,659 - - - (5,792,289) (9,049,329) - 43,038 - - 14,459.483 79545,359 - - - - 347,450 (,39,023 - - - - 1,539,ODI 1,642,501 - - - - 421,379 339,468 - - - - 265 327,249 - - - - U,304,718 15,598,682 216.361 - - 14.194@ 6.009.752 133 871 S_% 1,043,353 S 2596399 605,459 - @19,787,554 k $236,515,094 $3,183,761 $6,234,399 $332,605,459 @164,596,117 $82_0 356,436 21 762 5 CnY OF OF MM IM OWM IN RW ALL FUND TIWS AND UM KM KR 7M IM BM JM 30, 1983 Fund Debt General @ce Property T@ 77,109,079 $ - Otber @ Tams 55,045,427 - Peradts, Privilege Fees, ad @tory Li@ 20776,999 - Fines aid ForfeiWw 109179857 - From Use of @ " Property 40565,956 180,011 770185 for services 5,674,926 924,749 - Miscellar&oLis @ 162,823 470033 376 Frm th 36,649,949 479263*mi - From F 1,007,9% 8o6B4*8D9 N @ts 450.748 27,308 Total $185.36laT6-0 $ 57,126,931 77.%l Operatite: LegLautive 939,809 $ - - @tive 191571307 409799 - LAW 785,415 - - F 5,097,353 - Persamw_-i 6420305 - Judicial 59673,681 1,02D,338 - Health 1,054,506 - Sodal Services 6,549,208 - p.li- 16,336,168 29,OD6 - Public Works 19,298,651 1,026,850 - Patks and tim 6,528,445 - - Library 2,331.123 42,851 - P 815$032 - - @cuium 422,789 - - E c 3,022,023 - - General Services 8*206.509 - - Boards aid @ssions 89D,247 - - Fire 8.9D4,058 - - Data Processim 31117,360 - - 6 Crri OF W", t A-2 MM OF =MlTdM, M GLVM IN RM ALL RW TffU AND UdU RM xR 7HE wm mm xw 30, 1983 Fund Tym %W TYDE TDT&U capital Exp Only) Pro@ Trust 1983 1982 $ - $ - 77,109,079 $ 61,106,120 - - 5500450427 49,%B,076 - - 2.776,999 11451.021 - - IP9179957 19242,334 589,642 265 619537 5,474,5% 6,297,204 - - - 6$599,675 41795,72,4 - - 749662 28418% 142$691 370357 - - 83,950.327 76,046068D 70990,881 - 217.147 179900,833 17.4@.435 - - - 478.056 1.682.603 8,6l7.8W 265 T353.-346 1,537,743 $Mt2llsW $ - $ 939,BD9 $ 1,083,266 3770811 1551453 lp7319370 1,943,580 - - 785.415 7720040 59097,353 4.5889123 - 6429305 559,614 378 6,694,397 5,974,332 - 1,054,506 979,397 3.M 6,553,098 60031,171 169365,174 15,177,630 - 20,325,501 199316,104 229056 6,550,5M 5,423,332 19701 2p375.675 2,066,468 - 8150032 737,459 4220789 30409D9 - 30022.023 2p8l5p733 10,408 8,216,917 6,792,026 - 8900247 875,229 31 8,9D4,089 89245p558 - 3,117360 20922,092 7 cm OF vmm MM. MM (F , MMMFM, AND IN KM AIL nm Tim AM M= Mu Im 2a @ EM 3M. 30,1983 Fund' Debt Service MMS Operatire: Permits and $ 1,293,&34 $ - $ - @th aM tim 30222,434 50,544 - Education - 111,050,799 - N 300.377 - - Total Operatire 5WlM $113.261.18 $ - capital outlay 2,083,432 1,612,068 - Debt Service: - - 794709120 Principal Ret@ 11.786.147 itterest Em F@ Ch"w Total Expendiu- -S 98.672.W $114.873.95- @19,256,267 (F am "M) MEES 86,689,694 $(57,746,324) $(19.178,706) p of o@tim $ $ p of Statp Li Notes - operating Tmwfers In 2$550 57,110,316 18,851,457 operating ars Out (76,288,49D) (247,405) - - Total other r SoLwces (USM) $(76,285 9-30) $56,862,911 $ 18,851,457 AND am l@m $ 10,403,764 $ (883,413) $ (3Z7,249) Rw crr) - JULY 1 $ 14.949.158 $1,678,151 $ 327,249 Residual Fqdty Transfers 82 951 (353) - AWUSM f= - JLLY 1 $ 15,032,109 $ 1,677,798 $ 327,249 JM 30 $ 25,435,873 s 794.3a5 s - Tb, we an part of tbe 8 t A-2 Crri CF W", CMM CF WMMPES, AND IN Rw AIL RM TOES AND MM PM pM 7& WM NM 3M 30, 1983 Totals capital si Only) Assessment Trust - Projects 1983 1982 $ $ 1,293,834 $ 1,169,706 4IM5 3,277,003 29788,820 - iii,050,799 98,235,733 - 339.266 639,643 273.492 3770811 53 .208 $2.10.7 BW $189,095,814 18,248,679 - 746 21,944,925 28,893,469 - - - 79470012D 699140M - ii.786.147 10.265.%l 18,626, 90 $ - T537.-954 WI.966-,032 $235,169. $(IO.OUB.610) 2@65 $(184.60B) $ (428,289) $(14.957,448) $ 2D.395,000 $ - - $ 20.395.000 $ 48.BM,ODD 360,368 - - 360,368 - 326.707 - - 76.291,03D 67,268,235 @ - (76,535,885) (68,558.2L9) $ 21,082,075 $ - $ - S 2D.510,513 $ 47,509,866 $ 11,073,465 $265 $(184.60B) $ 20,092,224 $ 32,552,418 $ 14.703,469 $ - $ 444,OD7 $ 32,102,034 $ (450.384) - - 82,598 $ 14,703,469 $ - $ 444,007 $ 32,184,632 $ (450,384) 125.776.934 @265 S 259.399 $ 52,266,856 S32.102.034 9 cm CF WAM, (F MMMM. AND MM IN KM AND AMIAL MM, AND MU RW TLPES IICR -bl.) @rty T@ 74,416,782 $ 77,109,079 $ 2,692,297 Otber @ Tams 53,045,508 55,045,427 1,999,919 Parldts, Pri@ ram, and @tory Li@ 11704#650 20776#999 1,072,349 Finn @ Forfei=w 1,5w,ooo 1,917,857 337,857 Frco Use of md @rtY 409229953 4 565.956 (356,"7) for Services 5,296,68D 5:674,926 378,246 mis 40597 162,823 L%,226 From th 38,514.748 36,649,949 (I,B(A,799) From Fe&ral 1,154,648 1.007,996 (1460652) N Rece#ts 119.236 450,748 331.512 Total Reveam -$180.759,802 $185,361,760 4,601,958 operating: @lative $1,065,595 $ 939,SD9 $125,786 ve 1.384,976 1,157,307 227.669 i" 8229359 785.415 369944 Finmw 593449637 5,097,353 247,284 p 647,166 6420305 40861 Judicw 5,733,172 5,673,681 59,491 @th 1.056,764 100549506 2,2-% sodAl servicm 6,823,783 60549,209 2740575 Po3ice 16,568,094 16,336,168 2310926 Public W@ 2ID382*552 19 298,651 2,083,9DI Parks and tion 6,662.910 6:528,445 334,465 Library 2,428,050 29331 123 %,927 P 851,005 815:032 35,973 Agricalb= 438$675 4229789 15,886 Econamic 3plia.489 3,022,M3 96,466 services 9,289,034 8,206,509 19082,525 Boards and ions %19851 89D*247 519604 Fire 9.402,281 8.904,058 498$223 Data Processire 30255,618 3,117,360 138,258 10 Crri CF W", t A-3 CF RMM, WMMPM, AND IN KM BUDGEr AND AM14L MM, AND MBT MW RW TITES FM SE YM R= 3= 30, 1983 @* Debt Service Fund v@ - Variance F F @avarable) cwavorable) $ - - - - 1630760 1800011 169251 - 77,185 77,lffi 984,481 9249749 (59,732) - - - 520000 46,766 (5,234) - 376 376 479271,615 4790749880 (196.735) - - - 70766,733 8,583,077 816,344 - ll.OOD Z7.308 16,308 - $ 56,249,589 56.&36.791 $ 587,202 - $ 77,561 77,561 $ - $ - - - - 970,922 887#697 83,225 - - - - 1,087,184 l9Ol7p2% 69$M - - 440848 42.851 IP997 - - - - - - - - ftm Note 15 CnY CF WM, VWM OMM CF MIES. AND IN FM AND AND BW FM TOM iKR 2m wm mm JUNE 30, 1983 Fund v@ F -b3p) operating: @ts and Inspectiom $ 1,410,3a5 $ 1,293,834 $ 116,551 Health and Retardatlm 393159186 30222.434 929752 E&"tion - - - N 300.377 300.377 - Total Operating $102,442v959 $ %.588.634 $ 5.&54. Capital 3,461,789 2,083,432 1,378,357 Debt Service: P Re - - - l@t wd Fiscal - - - Total @=w 10%9D4, 48 98,672,066 @232,682 CP am "M) MIES $ 74,855,254 $ 86,689,694 $11,834,640 mn s OW) ope@ Transfers in $ - $ 2,550 $ 2,550 Operating Tmders OLvt (82.937.105) __06.288,480) 6.648.625 Total Otber F 82,937,105) $ 7@6,285,930) 6 651-175 EMS CF AND MM MM GM (MU) MIRES AND MM USES $(B,utsz,051) $ 10,403,764 $18,485,815 nm - JMY 1 $ 14,949,15B $ 14,%9,158 $ Residual Equity Trmders 82,951 82,951 RW BAIANCES - JULY 1 $ 15,032,109 $ 15,032,109 $ - Rw JUNE 30 950 058 35 873 815 Thp ac mtes are an part of the 12 cm cr W", t A-3 OF WMMWES, A4D IN RM AND AMIAL MM, AND MU FM TIM MR ME WAR BM JM 30, 1983 SwW M. F.M @- Debt Service Fwd v v r F @t Actual Wavamble) @t Acbial @-bl.) - - - - - - 116,298,400 111$0500799 5*247,601 - - - - - - 118,401.3 112.998.641 $ 5 13 $ - - $ - 1.665,925 l@0&52 83,073 - - - - - 7,470,120 79470.12D - - - 12.768.676 11.786.147 982.529 120,067,279 114,581,493 T5,485-,786 19.2%.267 T982-.529 $(63,817,690) $(57,744,702) $ 6,072,988 $(20,238.7%) $(19.178.706) $ 1,060,090 $ 62,675,68D $ 57,106,144 $(5,569,5%) $ 19,930,546 $ 18,851,457 $(1,079.089) (244,855) (244.855) - - - @62,430,825 %,861.289 5,569,@ $ 19,930,546 18,851,457 1,079,089 $ (1,386,865) $ (883,413) $ 503,452 $ (308,250) $ (327,249) $ (18,999) $ 1,652,764 $ 1,652,764 $ - $ 327,249 $ 327,249 $ 25,034 25,034 - - $ 1,677,798 $ 1,677,798 $ - $ 327,249 $ 327,249 $ - 290 933 94 385 452 la 999 a999) Note 15 13 CLTY OF W". t k-4 OMM OF , AND MM IN ALL RW TMS POR 2E )FM @ JUNE 30, 1983 Totals @M" EnterprL- service iii F982- for services $269614,532 $ $26,614,532 $24,364,376 concomiam 440714 Bjuir4gs to 7,72D,878 7972D#678 70134,M Reverue 102.059 102,059 40,669 - Prim Year 16.533 16.533 26.8% Tow Operating Revemm W6.614-.532 $ .839,470 W,454-,002 1,611,547 CPERAnm Cost of Goods Sold $3,874,931 $3,823,298 $ 7,698,229 $ 7,%9,509 PersormLl Services 6,725,405 19689,312 80414.717 79%3,704 Frimp BenL-f its 1,147,778 436,114 1,583,892 1.2.%,la5 contractwi services 1.084,202 179.584 1,263,786 666,271 Internal Services 653012B 31,486 684,614 740,738 Other LJ4) 8*217,488 19629p223 9,846,711 B,&35,005 looses " Rentals 31,054 1100103 1411157 105,593 Bad Debts 166,161 - 166,161 73POOD ,49691,118 167,692 40&%,810 4,614,130 CErA Pe - - - 645 Total Ope-tim W6,591-,265 W,066-,812 $34, 58.0 02,24 $ 23,267 $ (227,342) s (2D4.a75) $ (632,233) Operatir,g Grwts $2,647,901 $ $ 2,647 9DI $ 2,685,072 Sale of Salvap 55,329 55:329 17,531 1 t 20323,072 133.473 204%,545 1,275,516 Sat - Bid Riggiiig 419739 - 41*739 - Tap Fees 1,410,418 1,410,418 1,058,a5l water @its 1.347 1.347 2,&33 Loss m Dispositim of Assets (ll7p535) (2DI) (1170736) (3,021) IMerest ad F@ @ Few (6,021,091) (157,470) (6.178.%l) (4,706,025) Total Nonoperatire $ 341,180 _$ (24,198) $ 316,982$ 330,757 $ 364,447 $(251.540) $ 112,9D7 $ (301,476) CPERATIM IN 244,855 244.a55 290,134 14 cr1y OF W". t k-4 COMINED OF , AND OWM IN ALL RW TM pm 7HE wm am 3m 30, 1983 Totals I 0 Service 1983 1: NEr OM) $ 609,3m $ (251.540) $ 357,762 $ (11,342) CREDrr FRCt4 @ OF m 2,443,798 2,443,798 2,441,282 IN $ 3,053,10D $ (251,540) $ 2.BDI.560 $ 2,429,940 JULY 1 $ 1,807,738 $1,150,914 $ 2,958,652 $ 528,712 Residml Equity Trmden (123,643) (123,643) - - JLILY 1 $ 1,684,095 $1,150,914 $ 2,835.W9 $ 528,712 JUNE 30 7 195 $ 899,374 569 652 The ae are an put cE tbe f' CM OF WM. wdbit A-5 OF IN PffirrLM ALL FLM TIFES im ME WM EM 3= 30,1983 Totals luternal En Service 19=83 0 IV9y8-2 CIF operations: (251,54o) 357.762 $(11,342) Met'L@ (Loss) 609,302 Item Not ng w capital: 40691,118 167,692 4,858,810 496140130 Dep@tim SM ti- -.736 9 528 Loss m Dispositi- Of Agmto 1179535 201 117 -t (46,737) - (46.737) (9,446) an Sale of 77,586 77:586 (148,721) Deferred @ We" Capital IV operati- 5,448.W4 $ (83,647) 5,365,157 $ 4,454,149 in l' under 68,054 6s,054 1,378,694 capital 439000 43,000 - Advmr.es from Fund Sale of @ am 11,500,000 - 11,500,000 16,200.000 Salp- of Assets 369,726 - 369,726 379,575 'Liu - -54,597 Otbar Aawts 49202,861 - 4*202,861 - Property, PUM, Md - -2,082 Aswts @ Capital l@ - - 682,094 cam In butiom Pr= 204,475 2,103 2D6,578 105.440 @cipality 111038#054 - 11.039,054 8,232.102 custamrs and 45,BD9 - 45,BD9 1.812.49D Federal W.301-223 Total of Cpit.1 W809-7_219 29-.510 9 239 UM OF WWM WM R,,@ 4dty Trwders to: Fi3ed Am- @ Group 4,202,861 4,2M,861 Gereml ftM 82,598 82,598 In: - cam 2p253,605 2p253,605 6&0379784 Restri@ Aswts 14,8197 14-897 14.&34 site 900 15,315,806 - 15,315,806 12,980,543 utiuty @t- 2,339,326 34.312 213739638 832#431 T am Eqd@ 974,744 - 974'744 353,420 e,xtbocks - 84,606 s4,6o6 1,38D,89D Aswts @ C@Pitsl I- - 809,444 Cam -in Progr- OD9,444 (wmimad) 16 t k-5 cm OF WM, OF IN PMrnON AIL AM Tau xR im um am 3m 30. 1983 Totals OlY) En service 1983 1982 uses OF CAPMAL Otbor Dd@ Credits $ 75,52D $ - $ 75,52D $ 58,559 ties 3.277.45D 129.535 3.406.985 2.%7.624 Total Usm of capital $29,331, 54 $ 3,350 @9,594,704 W4,626-.9a5 IN $ 3,478,375 $(233.840) $ 3,244,535 $ 8.674,238 - JULY 1 13,228,521 1,296,075 14,524,596 5,850,358 - JUNE 30 06 896 $1,062,235 $17,769,131 4 5% cF Ngr 3N Cash $ 5,312,274 $ (M,777) $ 5,185,497 $ 2,M,132 Cash - Cafe 337,075 337,075 754,251 Cash with Fiscal 96B,534 968,534 4710779 Cash - Restricted f" Cwstruction (351 895) - (3519895) (1,117,417) 0 A@ @vable (62,946) 79023 (55,923) 265,111 Due from Federal (2,588) - (2,588) (42,882) (50,439) 6.011 (44,428) (8.533) Prepaid Item 7 7 v P@ (708,187) (101,780) (8D9,%7) (459,909) Dep-its P@ 25,660 - 25,660 =,523 Accrued t Payable (253,&34) - (253,834) (43,%3) Construction Payable 351*895 - 351,895 191170417 Due to nM (202,726) - (202.726) 1170688 Portion of (I.BM.44B) (i8,324) (1,902,772) 4,514,041 Ngr IN $ 3,478@375 $(233,840) $ 3,244,535 4 238 Thp are an part at da fimmi-I am@- cny OF W", @ AND SEWER PM oaf am 3M 30, 1963 AND 1982 1983 1982 ASSM ABwts: Cash vdth T@ 15."7.363 $10.523.%2 Cash with F@ @ @2,56@O 213 $1.-591.679 Cash - Restricted for Cwz - G-6 13":@9 $6@1)24 AccaLmr,tB @vable s4.323 976 $4,157,555 Less: Eati-t-A blw 378.572 253.478 Total $3,945OW $3,904,077 Water and Sewer Lim we 887.454 959,649 Net Ar-@s @vable .832,858 $.863,726 S875.877 $750.88D Total Current Assets $24,641,340 18,457,171 Restri@ Assets: Cash - core 0-8 $11,259,143 $9,005,538 P P@ md Lmd $ 1,050,400 $ 1,050,400 "9t8B7 449,887 utility system 186,503,324 1711713,160 Off ice Fundb= and F 1459887 1450924 and Equi@ 5,048,226 2,%9,466 Aomto under Capital 3,190.814 3.190.814 TOW Pr@, P@. 196.388,538 $17995195651 lAess: ted tim and tim 30.745.020 27.012.856 Nat , PL-int, wd $165.643,518 152,506,795 cws@ion in pr $ 30,283,559 $ 29,474,115 TOrAL ASSM 7 560 3 619 LLABU= AND KM M= Current Liabilities - P@ from ABnts: v P@le $ 2,082,M S 1,324,504 @its Payable 634,488 660,148 A t Payable 1,219,381 %5p547 Due to Fund 374*653 171,927 Partion of: @ and Notes - G-9 I,%O,000 1,120,000 O@tion Bonds - G,-9 1,647,530 1,579,89D ObUptions un&-x Capital lamses 164,797 1%.533 Total Current Liawliti- - P@ ftm Aamto T-S.OB2,942 5,978,539 102 0-4 WR AND Mn OEWARAnVE MM ix 30, 1983 AND 1982 1983 1982 AM RW Current ties - Payable from Restrictad Aomts: Ma@ Bonds Payable $2D,000 $ M&=W Interest Payable 2,540,213 1,591,679 Cons@tim P@ 375,029 726.924 Total Liabilities - P@ from Restricted 2 935,242 2,318,603 Toua ties $11,018@184 $8,297,142 Deferred @: Advwm for Water IA= Fees $131,383 $ 348,662 for Water md Lim TV6 533,735 238.870 T@ Def@ @ $665,11 587,532 Other Deferred Credits: Water @ Sewx Line see w=a $8870454 $ 959$649 U on Bands - 3.325 T@ Otber Deferred Credits 887,454 S 962s974 @iiities (@ @ @: Reverm @ and Notes - G-9 $ 71,480,ODD $ 61,940,000 O@tion M& - G-9 15,992,070 171639,600 o@tions @ capital looses 108040628 19969,425 Other 494.877 - T@ LiabLlitim (ims partim) 71. 5 81,549,025 Total Liabilities $102,342,331 $91,396,673 Fund Equity: butiore ma@ty $ 4,213,293 $ 4,093,8D7 CUS@ and 108,683,662 99,698,6a7 Federal 80383,042 80506.308 Federal Sharivg 6.779,a37 6.916.572 Total butiom l@28,059.&34 119,215,294 (Deficit): Reserved for Restrir-ted Aswts $ 11.259,143 $ 9,005,538 U@rved (9.833 7@48) (10,173,886) Total (Def icit) 1 425,395 $ (1,168,348) Total F@ Equity $129,485,229, $118,046,946 AND RM MM $231,827,560 3 619 The se are an pm of tbe 103 G-5 CM CF UM AND MM KM ocw OF AND KR mE wm Bm 3m 30. 1983 AND 1982 1983 1982 OPERATM @ce $10,936,557 $ 9,563,544 Sale of Water 9,881,386 8,549,510 Fire Hydmrt Rental 8l5p344 763,916 Navy Charges 34,208 27.180 18.774 14.294 Total Operatire 1 686,269 18,918,444 Pers"l Services 4,641.3D6 $4,159,347 Frirse Benefits 191390393 OD7,631 services .1$084,202 453.282 umrrma services 653,128 616*312 Other water 702160224 60626,035 I-ses and 31*054 29,879 Bad Debts 166.161 73,000 tion tion 4.0319847 3,825,616 CErA and Antiremsim P - 17.479 Total OperaUm Expmm - G-10-. 18@ _315 $1 60B.581 $ 2,722,954 $2,309,863 a@ Grants - $17,479 Sale of Salvair- 55,329 l7p531 Interest Tnwm 2,056,784 8180783 set Pwdty - Did Rigging 410739 Tap Fees 1,410,418 100589851 u @its 10347 2,833 Loss an Disposition of Aswts (117,535) - intermt an RevenLie &Wa and Notes (4,903,773) (3,518,719) ir,terest m General O@tion Bands (9759415) (1,073,481) Interest an ObUptiore under Capital I"@ (117,951) (1120409) l@rest m Otber rm obligatiocs (23.952) - Tma Nmaperatir4g $T2,573,009) $789,132 Mr $149,945 $(479,269) DLgMMCN OF Mr OM) PCR WM Net (@) - as @ $ 149,945 $(479,269) Add: Credit Arising from Trawfer of Depreciation to in Aid af Comtructim kcm= 2,443,798 2,353,359 INnE M FAMM $ 2,593,743 74 090 The are an Mn of tbe - 104 0-6 CM CIF W". WAMR AND MM RW CCWARATrVE OF MM 3N RW MM FOR 7& @ Bm 3M 30, 1983 AM 1982 1983 1982 MMOM PRCIK4 ALUY 1 -nee at ieer $4,093,807 49183,872 Additioris: Utility System 2D4,475 - ry ad Equi@, @ture and F - 1.651 TOW $ 298,282 185 5_23 De@tim on Contri@ Assets s 84.989 s 91.716 Balame End af Year $4.213,293 3 OD of Year $99,698,607 $ 93,382,388 matiam, UtLUty System $ 6,496,442 $ 5,176,763 water am @ @ ions and Lim Fees 4.541,612 3.055.339 Total Additions 3:@ ''s ' 6 (361 101.614.49() Total $110 73 ions: ti- an Contributed Amts 2.0.%.m 915.883 Balance End of Year 683 662 Bal.r,. BM $ 8,506,308 $ 7,885,015 M=Z of Year Additions: Fo&ral for Capital Additions ty $ 45,BD9 $ 473.648 Expe Re@@ - U. S. of tbe - 338.367 5.809 9 812*015 Total Additions TOW 17 8,552,117 $@,69 :030 Dep@tion an Contributed As@ 169.075 .722 Balanoe End of Year 3a3 042 8,506,30B ONS %m of Year $ 6,916,572 $ 6,071,609 A&Utions: - 1.000.000 F@ for Capital Additi- $ 6,916.5 2 Total Dep on buted AoMts $ 136 7_35 155.037 Balance End cif Year @6,779,837 6,916,572 micTr) of Year @icit) $ (1,168,348) $ (30042p438) Additiam: 2,593 7_43 1.874.090 Net Balance End of Year Odicit) @,425,395 @(1.168,348) Ti. a, we an PLrt of tbe sm@- 105 0-7 CnY OF WAM Am mn am CcHp OF IN fmman IM 7HE W" WO 3M 30. 1983 AND 1982 1983 1982 (IF MM operatiam: Hat lm= (1468) 149,945 (479,269) Itms Not c( Capital: Dep@ti- md Anartizatim 490311847 308251616 LOSS an @ition of Aawto 117,535 605U7 Gain m Sale of Utility System Aamts (46,737) (9.446) Deferred Reveme 77.586 (148.721) W@ Capital by Ope-ti- $4.1 6 3,1 .687 4$ODD,000 - Sale of ftw- 7,50D,OUD 16,2DO,000 Sale of utility System Assets 368,429 376,754 iw Otber Assets - 54,597 Assets @r Capital - U& Value 2.082 cam in 6820094 Contributions From: ftdcipality 2D4,475 1,651 cus@ ma 1100380054 80232,102 re&xal - Grw" and 45.BD9 1.812.015 Total of 943 @,555,982 USES OF RM in: Restriaw Assets - Construction 2,253,605 6,037,784 Utility syst- 15,315,SD6 1299K),543 Fumiture and F@ 2,1% 5,835 @ EqLd@ 2,289,&33 606,462 Comtruction In s OD9,444 - '10: Otber Deferred Credits 75.520 58,559 Liabilities 3 27' 450 2.856.413 Total Uses of Funds $24 to23 2816 22,545,596 Mr IN chprm $ 3,463,127 $ 8.010,386 CAPrM - JULY 1 10,160,029 2,149,643 CAPrM - AM 30 S13.623.156 60 029 106 0-7 CrrY CF W", WAM AND MIR RW CaVARATrYE OF IN FMrrLm IKR 2E ym am 3m 30, 1983 Al 1983 982 IN wr cash $ 5,473,401 2,848,907 cash idth F@ @s %8,534 471,779 Cash - Restritted for Cam (351,895) (l9ll7p4l7) A@ @vable (30,8ffi) 231,196 1 124,997 (799476) v Payable (757*589) (356,5%) Deposits Payable 250660 222@ A@ @rest Payable (253,834) (43,%3) Due to Fund (2M,726) 1179688 Bcnd Ariticipation Notes 5,300,000 Portion of: Payable (840,000) (60,000) Ob@tim @ (67,650) (164,700) ObUptiom @ capital l@SM (8,264) (5.1") Intemt Payable (%8,534) (471,779) Ma=ed Bonds P@ (20,ODD) - cam p@ 351,895 1,117,417 $ 3.463,127 S8.010.386 Wr IN - The are an pilrt of tbe sta@s- 107 Got cny oF N". wm Jo mn FM ocmp OF IN ASMS FOR Te AND 1982 1983 1982 af Year $ 9,732,462 $ 4,812,095 $ 7,500,000 $10,900,000 sale of - itooo,ooo Federal S@ 450OD9 4730648 Fe&ral tY 1.065.947 587.402 Water and Semr Operating R- $ 8,611, $12 6' 056 Total $17:79739 Total &-d Bal $ 18,344,218 145 Dis 6,710,046 8,040,683 Water and Sa" Cam End of Year - G-4 634 172 2 462 The w- are an P-t cf ft "ta@' 108 G-9 CM CF WAM ANI) OM RW CCW OF 30. 1983 AM 19 1983 1982 AM d,, Y tD r 1, 1983 2D.000 water and @ @ tD 1, 20M 18,280,000 18,750,000 1977-A Water aM dw seriauy 3,000,000 i977 water aM Bm&. &, y to r 1, 1994 31000,000 5,100,000 1977 woter aM S-r Reverije Notes, due y to r 15. 2002 5,100,OOD 20000,OOD 1978 Dr@t Wief seri&Uy to February 1, 2OD7 2.000,000 y to october 1. 2003 17 560.000 18,190,000 1977-B Water and Sewt-x 16:000- 16*000,000 1981 Water and @ Bords, due ytD 1, 1992 tooo 1982 water ad Sewer @, due YtD 1, 2DO5 70500,000 - 1982 Water and Revenm @, &* seri&Uy tD @t 1, 200B 1,800,000 1982 water arkd Reveme Notes, due y to @t 1. 200B Total @ble Barrel- 3 440 O@00 W,060-,OOO Less C=em ins 1 960 000 1 120 000 Tota3. 010 $61,940,000 ON 1%3-B IW due y tD r 1, 1983 $ 15,000 $ 30.000 1964 water and @ @, due Y tD AprU 1, 19B5 100,000 m,ooo 1966 Mater and @ Bmds, due seriauy tD Apri.1 1, 1983 - IOO,ODD 1970 Water and @ Bords, due yto April 10 1986 10050.000 1,400,000 1971 Water and @ dw ytD November 1, 1991 1,800,000 2,000,000 1972 Water and Sewer due yto 1, 1992 3 350,000 3,475,WD 1973 Water " Sewer due serially to @ Is 1994 3:145,000 3*240,OUD 1974 @t Imp@ due serially tD r 1. 1992 3,601958D 3,945,680 1975 Public Imp due seriauy to 1, 1995 41378,020 4.6780800 1981 puuic IW@ Bonds, due Y tD it 1"7 200.000 2DO.000 Total General ObUpticn Bonds V17,639,600 19,219.480 Less O=erkt Ins 1,647,530 _1.579,88D Total $15,992,070 SS17.639,60D The c we an of tbP 109 CM OF W", WAM AM Rw Soo= CF == AND AM14L FM 7M)m Bm 3m 30,1983 with @ti -tLu June v F 1962 Furicti- and 143,386 155,ODI$139,036 $ 150965 35,888 338334 2,554 24,704 FrirW- Benef its 433 591 (158) 1,074 8,166 5,715 2,451 9,648 Ir,terml Services 18,587 16,984 i.603 14,971 other 195.660 9193.783 Total of Public Utilities 218.075 853,248 Std, 1,149,429 997.296 $152,133 164,460 Services 259,025 234,616 24,409 7,8D4 F@ @its 46,575 81815 37,760 57,679 @@ Servicas 800099 65,620 14,479 34.899 Iriternal Services 27.99D 252842 2.138 other 1. 2 1-89 @919 18 090 T@ Staff 1. - 108 - pr.&Cti- Re-- $66,589$66,589 $- $55,024 servic" (706) 10,475 Personal 14.600 15.306 @its 13,439 18,810 (5,371) 33,116 c@ servim 6,265 8,438 6,530 Jr,tenmi waces 14,703 97.035 4.927.830 (i wa- Pur 5.442 6_85 5.345,650 032 971 Total water ti- 016 52 620S99e396 Water 245,750$238,982 $6,768 $189,850 pe =S"errA-= 55,002 54,955 47 35,130 Frirge @its 10.278 9,776 502 19,397 @ Services - 24,352 Services 42.919 47,124 (4,205) 24,393 Otber 61,748 45,234 16,514 1,350 1,100 1,800 (700) aM Rentals $18,926 S294.472 Total Water trati- S416.797 Water Distributi- $546,853g468.ols $ 78.835 $425,791 Services I -(2,724) 91,990 125,876 128,600 Benefits 68,372 36,403 31,969 33,541 Contrac@ Serview 145,118 148,286 (3,168) 114,468 Iriterml Services 2B3,862 192,091 91,771 288,479 Otber 290 (4,644) 9,074 11,646 163 9%3.343 and Rentals TI,181-,727 @989.6-88 Total Water Distri (cmtimed) 110 0-10 cny CF WAM AND FM OF @ m AM14L F(R ME WM NM 3= 30. 1983 with variame Famrable 1982 avorable) R=tion @ Obi-t water Puw ti- $ 403.581 368,775 $ 34.806 362,726 p - Servi4m 88,154 87 1 u-') 812 67,749 FAW Benefits 182.476 244,524 (62,048) 135,M5 Contrac@ servicw 29;072 29,241 (169) 30,616 'Laternal Servim 1 181,882 88,029 121,666 Otber 269,91 - 8.526 8,576 and 8.526 726.358 Total Water RW stat@ 981,720 .95f3 r= t 503 $ 46-592 465,346 se $ 549,787 $ .195 rsonal Servias 123,301 129,459 (6,158) 92,581 Frinp @its 69,056 89,845 (ZO,789) 69,970 @ Servi@ 166.739 167,903 (1,164) 199,465 @@ Serview 179:430 222.495 (43,065) 172,387 Otbor 61000 11.502 (5,502) 9.732 @ and Rentalls 313 4 399 @OB6) 1,009,481 Total Sewer tion syst- sewr -ti- $ 729,855 $ 640,198 $ 89,657 52.3.050 Personal Servi@ 161,046 159 771 1,275 101,513 Frinp Benef its 0 178 42B 127.078 @@ Serview 275,040 96,612 p576 69,449 Inte@ Servi@ 86,432 82,856 3: 166,794 Other VS,831 315.590 83 241 50 - 450 (450) ],e-ses ard Rentals 987 934 Taa @ POW Statiom 1 651,204 71,295-,477 oistamr Servic- $ 1.255,802 1,219,217 $36,585 1.140,926 pe Servi- 292,OB2 296,010 (3,92B) 219,029 Frir4ge Benef its 669344 69,778 (3 434) 26,277 contrac@ Servic- 1159963 100,118 15:845 104,105 Intenid Serview 201,381 185,876 15,505 175.617 Otber 3 900 1.012 20888 1,097 l@ses and F-ala 0 C76,161) 73.000 Bad Debt 90.000 12@700) 1, 40,051 Total Cust@r Services 2,025,472 CM (3F 0-10 WATER AND SOEILU OF AND AMIAL FM 7HE WM &= JM 30, 1983 vith tive se@ @ for tbe vear @ June 30, 1982 v F 1982 Function and Actml ble) -Data Pr=s@ @ew $ 260,000 347,045 $(87,045) $ 393,537 Office Rental 101,250 101,250 - 101,250 @cape Servi@ 123,152 IM,270 2,8& 89,688 Building 111.000 116.015 (5,015) 114.524 Total Funl $ 595,402 S 6B4u58D 89@178) 698.999 Total $15,279,&34 $14,422,420 $857,414 $ 12,765,486 Norfolk 509,048 - Depreciation arkd Amortizati- 4,031,847 3,825,616 CUA P - 17,479 Total Operatire - 0-5 $18.963,315 $ 16.60B,581 ified as Otbar per 0-5 ified as wa Servi@ per G--5 The ae are am pilrt cE tbe 17 Special Re~e~e F~ds - ~re used to ~'=~ f~r ~ ~s ~ ~if~ ~ ~ ~ of, ~m~ ~ ~t ~, ~e~t, ~ ~ ~. t~ ~s ~ ~t ~s). 1~. Enterprise Ytrgs - are ~i~ to accomt for q~er~tiom (a) that are ~ and operate3 in a n~n~r m{,~ilnr to private Ixsi~-~s etteq>rises ~bere the i.~l: o~ the ~,~rr~.rg body i.s that co~ts (expenses, ioc~,~;r~ ~,preciat~>rO of l~O~hii~ 8~ds oF ~e~v;~- to the ~eneral IMblic Gfl a cnetiz~i~ b~sb be ~ or zece~e~ jrimT'ily r2ro~h uoer etd/or oe~ incme i~ ~ appropri~e for capit~t --;~t~n=e, publfc polfcy, manage- ---nt coetrol, acco~tabltlty, or ~t~er puttees. (c~imed) A. ~ ~co.~ins (co~:i~,,~) l'roFri,-' m7 ~s unit** or to ~ber 8~ver~n~ol tmi~, on · cosC-rei~but"Mme~t bm~is. Yiducim~ l~ds Trust ar~ ~ Ftnts- ere used bo a:c~r~ f~r mints held by · 8~ve.m-m~l udt in a trustee c~e~it7 o~ es m~ f~en~ for ~liv~duels, lrivate o~Kmni~tkms, ~her permm~ t-1 units, mi/or ~h~r furls, lluse im~,-4~ ~rdable Trust l~nts, lqo~-Exi~r~ble TTust F~n~s, ar~ ALe-m7 l~nts. lt~quiro Co~:rol ~......:-~iom (Speci~l ~ School C~ecerim (F.~ For ¢ .,~-ative ~pur,~____-, tl~ ~ppropri~_e 19~2 ~:,-._ml f--,~r~dm rely) colmr~ been t~ta~ed W reflect t~ ~or~enrim~d (at 6/30/82, ~a*l.,~ce incrP..med $210,105 ~rd the ~n~eq~'/ae Reta/ned F.~,~r~s imremed by $1~239,190). 2. 6errain erriti~s d~ich ~e r~C i~c~,-~a in this ~pon ~ e~i~t vifltln r~e tx~daries of the Cit~ of vi~inia Beth ~rd/or ca~.rib~iom m'e ~ tl~reto m'e m f~llo~: is mthorized tn issue i~daetrial ~vel .o~ ~,:,~Is a/ret approval be/the Civ7 Council. ~e ~,le do ~x ~0r~tih,te i,,teh_ tshess w t~e Cit7 hz ~e mec~mt solely by z~wer,~ iro~ the o~anizatlon oa ~ bahalf I:be bonds uet~ ;=-'~ T~e City operates ~n Industrial Developer Division vlthin the Dep~'a~t o~ Eco~-i- Devel .ol~t (inc*l,,a,~a ~n the finami~l mtat~erts). ~ctivith$ of thia division inc~,,a,, indtmCrlal park devel .of*~, finan~al pLanni~ ard man~,eueeC, mrd lan:l tree plannir~ for the Authority. To~l ex~erditures on the ~or~entione:l 19 CM CF MMNIA W". TO Fl@ JURE 30, 1983 1. (3F sjwmcwr w. FcLICIEs B. Reportig iait, (cont@) b. ter Tramit District $ion The City a"id@ its @ of tbe @ratimg cost deficit (imludad in tbe finwr cial stat@s) of tbe r%@ @s tramit qmratiom. Total @rdi@ an the aforewnt@ at June 30 @ed tD $575,076. c. Contributiom to Certain Other Emtities Southewte= Tidewter Opportunity Prwam $ 12,907 T r ty CDlkp 3@ Virgirtia Bearh Safety @il 1.000 Eastem Virginia @ical Authaity 250,000 Sout@tem Virginia M&l Prcerm 16,192 Virginia @ Nepturke Festival 63,000 Southewtern Virginia P@ District 52,440 %M TV Capital impr@s 11,570 Metropolitan Arts Cor4gress 5,000 Virginia @ @dh ad @l 1,200 Virginia Bearh Maritim @torical @ 30,000 Greater Rosds Culttwal Action Plan 7,000 @t-tee for @ewmmmal Tm Equity 5,000 Scholarship BMW 878 Arts ard ties @-sion 79,2DO Volunteer Fire a 54,OOD Wmal @th aM Mental Ret@tion AgerciaB 185,671 Subs@ Abuse aB 11,660 Total $79D@218 C. Fixed Assets wd @tem Liabilit Fixed assets umd in pn@al fund operat@ are -@6i fDr in the Gemrai Fixed Assets Ar@ Group. Public dmain ("infras 1) ge@ fixed meets @ sisting of certain impr@its other than buildinga (e.g.. M". bridg-. -U aW 9- ters, sidewalks. dra@ system) are capitalized alorg with otbar ipnud fixed meets (e.g., @inery SW eqa-lit, @b-, buildir4ga, @le). Additions of fixed absets in the General Fixed Aawts Ar@ GMip are rwonkd m mpn+- ibim in the Swermental furds. All fixed mwto are reported at C-t or estimted hiatorir_al cost, @t for laM acquired prior to July 1. 1971 which is reported at @t value as detei@ by the City Real Estate Asws@Dr m of July 1, 1971. ND @iation has been prmided an general fimd 88-te. All l@erm limbilities (includirg capital le@) @ted tO be fr- 9-e- mert al @s are ac@ed for in tbe Ge@ @tem Debt Ac@ GrOuP- (cat @) ~ ~F SI~L~I~A%'f AiY~ nqTl~ KLICIES Ybu~ ~_=_-'~- fnd hx~-tem Lifbillties All mints ~nd lifbilities (ubether current ~ non-~Fr~t> mwcioted ~ith the · - ' ' t into cs3r~rlbuted sta~ less: mtlmsted ,~lv~e value of ~ of cmts 10--15 10--15 21 CM CF N= To JUNE 3o, 1983 s (cmt@) 1. SL"4M OF D. (ccrt@) in a Hat of the =930r aM sick @e 11). mwces %hich we tbe "@t@le to ac@' crift6a: Ge@ Property frcm th Ge@ Sales T@ fron Fakral Utility Txm All proprietary @s are @ed mkr tbe ac@ bwis Of acco"irg- Remmm are rarognized 4*n Kd @nw gre rgc@ @n . Unbilled Water ard Somr Enterprise ftM w@s receivable fDr vtility maram prmidw ft@ 3- 30 inrlWW in the finewial 8 6. @gets @ Bwget@ The City fdlbw in wt&blishimg the budptary data rdlected in tbe f bmial *t i. m* city m~r j. @ed by tbe city @er to @it a pr@ operatixg W*t at jewt 90 dwp before d* beg@ of @ @ yw thich begize July 1. Me pr@ operatirg budget not be vith prqjected mmrdi@ equal to est@ uatad reverlm @/or tbe aq@ finwrirg fron @ proper ura"igmted ces. T* nwm"U @ ord@ SM 8190 DbittA at @ time. 2. @ City @il j, M@ by tbe City @er to bold a pbuc bearitg on tbe budr-t at ibich tim all interested pa@ - 9L- an ty to notice of the time and pl@ce (City re) ust be phijobed at lewt @ dar prior to tbe @tg. In Oddition, City @il bolds @t @lops with the City r itich are open tO the Nsdia ad public. 3. 'If tbe @ratirg @t is vot @ly @ed by the City @l upon reai=p of the @ ord by @ 1, tbe operatirg @t iD @ically adapted m propoged. 4. 7he City MmWr is wthorized tD trawfer sp@ati- lip to a of $10,000. Trarsfp-rs in @s of $10,000 rq@ am @ir4g of tbe @@ by City @l for app,oval. Addit@ appropriatiom @uire two =Mirgg of tbe ord fDr appr-al ard uust bp offnet by addit@ et@ea @ and/or a trainfer from tbe proper @siouted fund Ef fective July 1. 1983, sdditimd appr@ati_ %el @ a public be@tg before city W"ille first meirg. @ber, if tbe additimd @OPri8ti- -ed 1% Of tbe operatirig budpt. the pi)lic not be beld at lewt w- dwp bBfO- CitY @l'a first @ivg. 5. Fo@ @t@ iteg,,tion is oW@ as a 00mr0l f @l yw f'Dr the Ge@, -@al @t Service, Note@. SM Service @s. 22 cny cF N= To jum 30, 1983 CF SIOMcWr No POLIMS E. @ts wd @twy Ac@iM 6. @to for tbe Gr@, @i&l Dbt Service Funds we @ed On basis ccmista* vith IY Ac@ed Ac@illg PrinciPIm (GOY)- apply ady to 7. @trictiom ith rmpect to the @rdibire of tbe fade WW@" tbe totals fDr @ b)dget unit i-lww in the budpt ard . Addit@ coatrols are exe mft;n;etratively cin pe P-itk- -d capital O&Isy item @ tbe appropriations related thereto. S. @mw appropriatiors lapse (@ fDr the COPit8l PrOjeCtB, Graa. Cr-to Comolidated ftwo) &M we c@ tD the prwer fund at the etd of fi-4 year (June 30). @r, -- city @l apprcval (tw @ings of the ord vith a p&lic hearitg before tbe first @irg) tbe approprist@ fx)r tbe @ue- f u"l year 2a ulc ui tbe @ nw-@ tD satisfy the @8@ir4g @ra- ces at @ 30. 9. Capital projects nMo am budpted @ately frcm tbe Operatirg %*t- Sin- tbe City bw over 250 projects in its Copital @-e-Ma ftW- MM - @ limitation (,itb,& a refererdum) Oft the Of WMB that may be 's@- alloCatiOtE f)Dr CXPir- tal projects ,pi f-dirg of a M"r of yrojecto upon tbeir atiticipated cash The Capital Projects NM$' SPPr@ati- dD twt @iei the City's 7-; am tbe w-@irg, rirg, wd cmtrollirg of the fmU am boW upon the proi-t- leTgth of @ individ-I PrOi-t Aich =iy be -r wftral @. @refore, @- &ry we n& MmrLed fDr the Copitai Prcjer-to @ in @ twort. Appr@-tiom md@ted tO nm Or @tirg capital projects z"uire one meing of the ord by City @il fDr MPP-81- 10. IM Federal @ Stae Gra-a in tbe Gr&M ad Grwts @lidgtgd @ are @ted separately frm the Operatirg &Aget @ do r4t @IP-1 @ C'ty is fisc.1 year. E,Perdi@ are rwtricted by the Sr-or egewy @ are @@ tD al -d cowliance w&ts (Nme 7D). @refore, budW-t-Y are rct @ried for tbe af@@ Special ftmrue Furds in this report. 11. ab@tions m&r Cspital I_ (Nae 5) are @ted in earh Of the impect- fi" @ basis. capital lame b- A - "lesse,!' 8 cn a 's le a are ,ppropriat ion c@ vhich IF@ly Bt_- mh we B,bjw Cmw 2* opri jam in tbF- 't to City i, app_al. le_ appr at sre inc pr@ operatirg budget. If @ive July 1. 1983, tbe cspital O&lay ccats, to be @ by k- p-d- ill be ppropri@ in the rw@i- '@see!' &d of fat by an 'ner f@rg @cts). M* COPI le pr- .qu., @ of estimated @ (Ot tal me j =,,to will be functionally @ed in the Ge@ Debt Se@ (com@) 23 crry or VMNIA WAM, VUCINIA lUrES TO iLm 30, 1983 (3F WU IV IKL=S (@iruW) F. E@r@ z@rwm w-cm=irg, in uticb pwduse @rs, waracts. ad otber cammi@s fDr the @ndiwm of =aes are recorded (roduou the applicoble WFopriatiaO, is fol@ in tbe , 4wial @, aM Capital Projects @ (@t m reported in Nae 6A). E@r@ @stamirg do not cowtitute o"rdi - , - until eWrAW or wcnm m liabi7- lities. @ bal@ have been rwe@ equal to the unliquidated awes at A" 30 in the gwernmrital furds. C. Imentories All inveritorieb, @t in tbe lkter wd Sewer md Mml Cafeterim Enterprise Funds ad tbe City Garage Intenul SerAm Fund, are reported at ccat usimg the first-in, firs@ i@ory metbc-d. @ed @orim are equelly offset by a fuM reserve thirh indicates @ they 6D not comtitute le @@le @OW' in the Swe al funds. The Water aM @r FiterKm ad tbe City @ Ititernid Servu:e Furd @orim are reported at ccot usirg the @ -iabted -rap (perpe@) i--ry The Sdml Cafeterias Fund's @ory iw@ United St@ of @ulture (@ c@ities m&r the Wmted Cmwdty Prcgram (operated m an adj@ tD the Nat@ School @ Prcgram). 'lh2a prcgram prov@ free @@ PrOdwtg fDr U*e in the preparation of @l lundies. 2* contribut@ are recouw in tbe al stat@s as @ and experse at tbe time of core@ion of the pr@s @ - tbe estimated tft@e @t value (provided by DW. Other em are reported at CoBt usirg tbe fire@, firi@ i@ry metlwd. B. Advances to Other FundB @er.m interfund loam receivable (@ed m td' asset w@s) are equally offset by a @ roberve ar.@. @ indicates that tbey dD not comtitate $.available sMn3able resolwops" in tte lpve..mmtal furds. md Sir-k Anwe leave, arcorditg to a gr@ted wge bamd an @ of aM@. is credited to each emp@ as it accnm. T* cost of tbe lean tim is charpd m an operatirg =Mrd- i@ (or e3cpense) %Mn @. @re is m awassion of wW limbility fDr w@ but ="id leave in tbe finewial s@B. A pe@ city mployee aW Accrue a of 42 days ard @l @inistrative pe 48 days. At J" 30. 1983, all employees had wo=lated appr ely 70,564 dqs fDr ibich tbe City will be Uable in an --t appr irg $5,395,105. 24 Crry CF VMMA W". Mm To juNE 30. 1983 CF FCLICIES (cont@) J. Sick Lem (cont@) The City @@ a ,d @irk le-e' poucy in Ahich sick leave is gratted ot the discretion of tbe irdividual bead. Mwvdore, aD airk lean dar are acclr- @ted. Mml aM@ swe granted am sick leam doy per @h ard may accrue a -- of 185 to 232 d"s (upon mp@ to@ion, of @ eir-k ]awe is limited to a of 70 days). At June 30, 1983, eml mp@ bW mco-,I,tad appr ely 36,444 days (net of the aforement@ limitat@ for ibich the City wi.11 be liable in an @ @@ing $1,901,376. J. @oel i. Total Columm an Combined St@s : Overview The total colmm an tbe Ombined St@s - Omview are cept@ Mmrwdum Only. These colmm are presented only tD focilitate @ial analysis wd @ data tberein do rat prwent finamial position, results of operatiom, or in finwdal @ tion in conformity with p@ly scoepted ar@ixg @les. Such data is not coWable to a corsolulatwn. interfund el@ims hm n& been @ in tbe aggrl- gation of data. 2. s Reclassified The sdbool T Furd hes been teclassified fron a Special @ Fund tD an Enterprise Furd. For tive , tbe appropriate 1982 ac@ (wwrardum only) coluum hwe been rw@ to ieflect tbe af@@ (at 6/30/82, tbe Special Reftmie Fund Balance cbcremw by $1.253,601 wd the Eae@ Pat@ Earnitgo iwremM by $1,613,7.53). 3. Cash The constibition of Virginia md the Co& of Virginia vnuire tbe el-tion of a City Treas=". @ City's Charter ymides @ tbe city Trmurer is the custddian of city cash @ has ard dutieb prescribed by @ i". Cash innated at Jtm 30 is incl@xw in tbe 'twh with Tr@t" @ reflected in the fi@ial st@s. Mwrefore, inas@s are stated at -t thich appr es @t. 4. Prcprietary @s' Other This catqpry @y ccmists of water px fron tbe City of NDrfOlk in the ard Sewer Fnterprise Fund ard irourmw md claims @rits in tte Ridt @ernal Se@ Fund. (cat 25 CXIY OF VMNIA W", VDTMNIA TO JUNE 30, 1983 2. @IVABIES A. Property Taxes Receivable An amual ad valoren tax is @ed by the City on the mamsed value of red property aB of July 1 aM on targible pe property as of Janiary 1. Red property tams are payable in two instdbnents on Decenber 5ard June 5 aM pe property tams are P"&Ie on June 5. City property taK revemm are rec@ @n levied @e 1D). Property tmms receivable are as follow: T@ ims: Al for Taxes Receivable Uncollectille T@ Reoeivable - Net Real Property T2.301-,281 $ 372,861 $1,928.421) Personal Property 4.102.099 2.149.185 1.952,914 Total 403,380 2 522,046 T3 881-334 DLwing fiscal year 1983, tbe red property rate was $.SO per $100 of asmseed valuation (100% of fair market value ekcept for public service prcparties); tbe pe property rate was $6.00 per $100 of assessed valuation (5(9 of @t value). @re are no limits @ntly m the property taK rateb %hich may be establisbod by the City. Delinquent red property tam riot paid within tbree years are transferred to the Clerk of the Circdt @ for tbe recordirg of a lien on the property and collection thereof. B. @es Receivable Agreemenrs have been mwuted with certain higtway construction M"nies to settle ard resolve certain violations of federal or state antimat, crimind . civil, statutory, or caum laws. TM oastarding @ in the finamid stat@s reflects both interest- bearirg pr@sory notes ard future credits an b projerts. C. Loans The olitstadirg @ in the firmwid statements reflects irteres@arirg ad interes @aririg @ts to oertain agencies (industrial Development Authority - $1,346,001, other - $193,000) in the General @ " home ard property imprmemert. &Mral loam to qualified property owners in oertain targeted areas wi@ the City in the ty Development ard Grarkts Trust Fund. D. H@on RuOs Sanitation District @sion The City arti the Hampton Roads Sanitation District @-sion have @ed agreemerts which required the City to pay for the constructic)n of irterceptor @rage facilities within the City limits. M* sion has agreed to purchase these facilities at cost "at the time as all outstanling primary pledge @s of the r@nsion may be retireSI @ ho tbe option to purduise at ariy twe prior to that. As a result of these sueements, tbe Cammssion was obligated (not rec@ in the finamid st@s) on June 30, 1983 for the purdme of the Little Neck irt.@tor @rap facility in the @ of $348,416. (cont @) 26 crri oF vmm @, vD=Nu Nom To JLM 30, 1983 3. FIM) ASSL7rs A. A 'Df Chwges in Fixed Assets Additiom wd iom Md mae al bterdepartmerital 7/1/82 mransfers Mrarsfore 6/30/83 Ge@ Governmert. LaTd $ 12.919,241 2,198,677 67,142 $ 15,040,776 bAldimp 30,690,574 9,678,293 476,119 39,892,748 bVm@s other tban Buildings 5.696,089 3,870,087 - 9,566.176 25,258,228 9,598,919 - 35,857,147 Equi@ 21,486,383 2,858,356 2,644,719 21,700,020 Cam @ wn 'Work in Prcgress 67,443,550 15,756,489 23,442,138 59,757,901 Assets urder Capital Lesses (@e 5D) 5,339,155 1,33B.449 72,558 6,605,046 Total Gaverment $169,833,22D $45,299,270 $26,702,676 $198,419,814 School Board I&Td $ 4,066,020 $ - $195,520 $ 3,870.500 @&MO 90,294,399 17,103,736 - 107,398,135 bAldirg @ents 15,364,143 287,358 15,651,501 ive @ 2,917.569 OD6,135 - 3,723,704 Cam tmt ion Work in PrcgresB 26.541.615 3.565,720 16.565.530 13.541.805 Total Sdml tl39.183.746 T21,762-,949 16,761,050 144 185 6_45 Totd General Fixed Assets $309,016,966 $67,052,219 $43,463,726 $332,605,459 D. Property, P@. aM Fqui@ Imernal Enterpriee Service Lard 1.05-0,400 $ Baldirgs 449,887 - Site - 29.731 utility systan 186,503,324 - @inery " Eq@ 6.292,941 511,099 Rert. al T 1,700,280 - Assets under Capital immes (NotaB 5&, B. wd c) 3. 19. 814 1,583,255 ,l., 1.7,646 $2,124,085 I"o: Ac- ted Depreciat@Awrtization 32.241,211 543,084 FbW Assets $166,946,435. $1 581 001 27 cny cF VDCINTA WAGI, VD=NIA To JUNE 30, 1983 3. FIXED ASWM ("M C. samtwltiaily @ited capital Proiecto @ral erg'@' -d -@ion. buildirig. aM @l capital prcr jects mem at a state of @tmaial completion at tbe @et date. In ac with tte City's ac@irg policim, tbase projectb will @ be trarnferred frcm @@ tion in Progress to @ fixed assets wtil wwletion. Of the $73,299,706 reported m comtruction in prcgress at J" 30, 1983, capital projects within tbe followirg functiom were @tantially campleted: Function Erg--rg @ $ 4 l@60,078 Parks aM Recreation 489,&% @dirgs 25,636,305 Schools 13.443,000 Total substweially ompleted Capital Projerts $53 729 219 D. St&tantially @leted Water and Sawr Utility @-to At the balance "et date, there wm wmral mater md @ utility Vrojerts utich were at a state of @tamial completion. @ projects wi.11 raot be tratsfprred fron @ stnirtion in PrcgreBe to the capital asset w@s of the Water @ Sewer Enter- prise Fund umil omopletion. Of tbe $30,283,559 reported oB comtructwn in prcgress at June 30, 1983, utility projects Vida tbe fDl@ catqpries W-re M&tatially canpleted: $lf.00-2.172 Water ity Projects Sewer Utility Projects 8.374.914 Total Substatially @leted Utility Projerts $21,377,086 4. EM A. A Summ-Y of in @s ard Notes Payable Gerkeral @ie 01>@ation @ Reveme Total @s ard NDtes Payable at July 1, 1982 $166,750,000 3.060.OW $229,810,000 New @s ard NDtes lo@: 1982 @ (Fefe@um) 1.300,OOD 1,300,000 1982 Public Impr@nt 19,095,000 - 19,095,000 1982 Water ad Sewer (Refe - 7,500,000 7,50D,000 1982 Water ad Sewer Notes 4,000,000 4,000,000 @s md Notes Retired (9,050,000) (1,12D,000) (10,1701000) @s wd Notes Payable at im 3D. 1983 178 095,000 473, 000 251 535 000 (cca@) 28 cily CF W". Mm TC) jim 30, 1983 4. MT (mcinied) A Of Anmlal 9 to Amortize All ftds Notes Payab GUERAL PM MM AND SBER ENTEWMISE MO Ge@ -@le @' (;enermi Fiscal All Bm& Obliption md Rwenue @ Cblxptwn Year wd Notes &.4 Notes* ftds Total Tg-@ 12 835,000 9,227.472 960,000 1 647,529 3,607,528 1984-85 14,560,000 10,797.4n 2,130,000 1,632,528 3,762,528 1985-86 15,42D,000 11,02D,912 2,715,000 1,6&,088 4,399,088 1986-87 15,105,000 10.750,912 2,9DD,000 1,454,088 4,354,088 1987-M 15,635,000 10,850,912 3,330,000 1.454,088 4,784,088 198"9 15,99DO000 10,950,912 3,585,000 1.454,088 5,039,088 19@ 16,405,000 10,820.912 4,000,000 1,584,088 5,584,088 199D-91 16,695,000 10,920 912 4,190,000 l@,088 5,774,098 1991@ 17,295,OOD 10,920:912 4,790,000 1,584,088 6,374,088 1992-% 18,045,000 11,42D.332 4,99D,000 1,634.668 6,624,668 19@ 13,705,000 10,149,052 2,600,000 955,94B 3,555,948 1994-95 12,475,000 9,284,052 2,720,000 470,948 3,190,948 1995-96 12,742,50D 9,334,052 2,937,500 470,948 3,409,449 1996-97 11,422,500 8,340,792 3,067.500 14,20B 3,081,709 1997-98 10 552,50D 7,340,792 3,197,500 14,20B 3,211,70B 19@ 6:322 500 2,975,000 3,347,500 - 3,347,500 1999-00 5 547:500 2,050,000 3,497,500 - 3,497,500 2000-01 4:757,50D 1,100.000 3,657,500 - 3,657,500 2001-02 4 927@ 1,100,000 3,827,500 - 3,827,500 2002-03 5:097@ 1,100,000 3,997,500 - 3,997,500 200@ 3,660,000 - 3,660,000 - 3,660,000 200&rO5 1,060,000 - 1,060,000 - 1,060,000 2005-06 560,ODD - 560,000 - 560,000 2006-07 560,000 - 560,000 - 560,000 20CF7@ 160 000 - _160,OW - 160 000 Totals $251,535,ODD $160,455,400 $732440,000 $17,639,600 $91 079 600 *Is@ urder the prmisiors of Article VII, Section 10(&) of tbe Cowtitution of Virginia, and incbjdes S@ Fund @@s (Nootes 4El md 2) (carL@) 29 crry oF wm, v=Nm mm 70 jLta 30. 1983 4. MET (COntimied) C. t in Assessed VoluE of Md PropertY: Regular 06,BDO,526,008 Public Servioe 121,985,483. $6,922 511 491 @ Debt Lizzit,. 10% of Asmseed Value by the State Coratitution and tbe City @er) $ 692,251,149 Dedur-t: Debt $7.51,535,000 capital @ with ATnal Appr@ation C 7,131,742 $ 258,666,742 Ims: Water aM Sewer @ie ard @ Bords @ Notes $ 73,440,000 Cspital Lemes with 7,131.742 OD,571.742 AMopriation Clwm - Net Interes Cblipti- Subi-t tD 178.095,000 Debt Limitation @14,156,149 Debt @in D. Authorized Bmds ad tbtes at 3" 30, 1983 @ @ (@fe@m) $ 8,400,000 Water wd @ Bmde (Refe@um) 22.500.000 Total Authorized @ uais@ E. lkter wd Sewer Enterprise - s@ tits 1. Water &M @r Reve@ Notes dated r 15. 1977 for $5,100,000 - were is@ tD pay a p- ion of the @as Prinmss &m " Arqp- Utility odrporatiom (pri-te At least one business day before e@ r 15. teginnirig r 15. 1995 a cmx @ @ il the of @ notes m Deceizber 15, 2DO2. tbe City's Director of F is @uired tO @it the sum of $637,500 imto a s@ sc@ frO2 c( the W@ wd Sawr Enterprise. 2. 1, 1978 for $2.OOD,000 - - is&W Ci d the United St@ of Awric&. tr&tim At jewt one businebe day 2003 wd cont'@' u- il the Of .9 Di of F iB required to @it the from net @ of the Va-r &M Se-r griterprise. 30 cm or W", vmm N= To jtm 30, 1983 4. =T (mminad) 7. wter a;d Erite@ Cmh for Debt Water @ =un md @ teen colkaed fran cts- ard &-nl@- am i@ermt an bmd proceeds imwted are tratively und tD hW @ debt -r vioe costo of mater am @ p@ obuption @s (Nme 4B). Of tbe $15."7.363 in cmb in the Water am @ @e@ @ $10,190,985 i@ fDr tbe af@nt@ 5. ASSM M COL@CM WMR Ob@tiom under capital leam we stated at the fair vmlue Of tbe le@ assets capitalized, less 5 @ discosted at @ irtermt rate implicit in tbe 1-. A. Water wd Sewer Ente FU[d 1983 1982 1973 lease coaract with the city of @olk with o of $250,000 @ly including interest at 4.90598% tbr@ 1993 $1.939.277 02.086,8% 1981 @ @ract payable to @ty P-ific Nat@ Dwk with o of $3,213 @erly inc@ int-t St 11.0% 30.148 39 064 tbro* 1986 -Cl25,958 Total Obligatiors @r Capital 1 969,425 Ims: @ @ion 164.797 156,533 em portion -tl,804@628 TI,%-9,425 The fol@ is a @ule by of Jesse a @r capital leam tcpther with tbe @rt value (O&stwdirg of the net leabe 6 as of @ 30, 1983 &M 1982: F@ Year @irg June 30: 1983 1982 1983 $ 262,853 1984 $262,853 262,853 1985 262,853 262,853 1986 259,641 259,641 1987 250,000 250.000 1988 250,000 - lAter yews 12'0 " 1.500,000 Total lease @s 535.347 .200 ums: rlirg interut - 565,922. 672,242 Preserit value of not leme s $12 969,425 $2,125,958 (com@) 34 ari ciF N", vumN'A N= To jURE 30, 1983 5. ASSETS AND (IL@OE UMR IMM (cat@) A. Utter md Sewer me PuM (com@) The fDl@ ig &n @ysis of tbe le@ pr@rty M&r capital leam: Awseet bal@ at Ilroperty 1983 June 30 982 Water Distribution Systan V3.140-,538 .140.538 Sewer Cle@ Trwk 50,276 50,276 Total irew prope-y -t3,1@8_14 $3 190 814 B. Telec tiom Deen-md Service RM @ fol@ is a @ule by @ of le- s @r capital leam together with the presett value (O&s@iEg of tbe mt leme as of @ 30, 1983 md 1982: F@ Year Wirg J" 30; 1983 1982 1983 $2Z?,702 1994 227,702 2Z?,702 1985 277,702 227,702 1986 277,702 277,702 1987 2ZI,702 227,702 1988 277,702 - later 910.806 1.138.505 Total minima lease 049,316 @,277,015 788,510 c66 015 ims: @ rwmm-ug irletwt a Present value of ret lease a 1260,806 l@341.0-OD Less: @ @ion 89.016 80,194 @e- portion TI 260-806 The fol@ is an @ysis of tbe IP-@ pr@rty @r capitd lam": Asset balwices at Prope 983 30 982 TelephDne Systan I 341.OOD 1.341.000 @s: Acci-,I-ted ization 148,937 61.142 wet le@ property Ti 192-@063 $1 279 858 C. Print Intemal service Fund Th. fol@ is a @.le by @ of le- 5.@r capitsl leams tc,gether with the presem valm (@s@irg principal) Of tbe net lease @rts &s of June 30, 1983 wd 1982'. 32 CrN CIF VMNU mm, VDMNIA MM TD j= 30, 1983 5. ASMM AM ONS UMR (continied) C. @ @ internd Service Fund (mt@) yiwa yew Iming J" 30: 1983 1982 1983 37,251 1984 49,265 28,452 1985 33,107 15,662 1986 27,921 10,476 1987 24.673 7.2ZI 1988 7,269 lAter - Total leme @s 142,235 "-,068 1"0, @ rw@itirg intereat 21.073 14.944 Prewnt value of leme @8 121-.162 84:124 40.519 31,017 Ims: @ port2on @erm portion 80-643 53 107 The fol@ is an armlysis of the ItaBed property @r capital le-: Asset at Prc)i)e 1983 Jurte 30 1982 Printirg iM dupli-tirg eq@ 117 807 46,107 Copyirg eq@ 115:488 102,582 Sorters aM otbar 8.9608 '960 Total iamm @rty 242-.255 157,649 39.792 lms-. Acc3-,I-ted awrtizatwn 60,707 Net le@ property 1-81.548 117-857 D. Ge@ P Assets The following is a@ule by rm of lease 8 under cBPitsl tagether with tbe @lit value (oute@ire of tbe oK lease a as of June 30, 1983 @ 1982: F@ Year Endug &m 30: 1983 1982 1983 1,066,014 1984 $1 395,031 1,048,978 1985 1:387,654 1,041,601 1986 763.301 419,946 1987 618,137 272,216 1988 2B6,427 - Later years 192,065 295,647 Totai lame n 642,615 'W,144,402 I"s: representirg interest SU 266 797 825 Preserit vali* of rket lease pay=Ms $3,78Da9 $3,346,577 (cont@) 31 crri cF wm. m juNE 30, 1983 5. ASSETS AND OW WMR @TAL (COM D. 'Fixed ABsets (cont@) The followirig is an @ysis of tbe le@ property @r capital leasm by unjor clmws: Asset at Clusm of Pr rty June 30 1983 1922 @er equipma 2 099,455 Tiqlo-.086 tion equipmerit 1,657,855 1,663,418 Public Wo*s eq@nt 1,017,697 502,291 @e eqa=nt 529,968 460,968 Trolley vehicles 401,198 401,198 Libr@ CirmUtion SyBten 223,943 - votirg Machirgs 219,160 - Typirg and word prooessirg 2D4,267 133,695 Romitt-M proces@ systan 102,424 102,424 Copyirg @p-- 88,422 111,664 TelephD- E 24,116 - Floor scrubber @ine 19,596 19,596 Microfilm eq@ 33.815 TDtal le@ property 5339 155 6. A. Capital Prcdecto Funds Contrar-ts were in force in tbe empital Projects NMs at Jurke 30 ard &=Ms oW at that date for vdik ccmpleted have been owes@ in the finwrial stat@s. @r, tbe Capital Projects ftd have not been red for the appr y $2,294,329 of w& to be performed under tbe aforeserit@ cmitracts. The castwdirg Special @rue Funds' @ represette @es due (2 =wths) to @l teschers 4o have opted to be paid over a mdve @h period, md vbstitate wd supplc- werital @l pe 7. 0ORn S A. Litigation The City is a ramed deferdant in Utigation filed by putus cmwernirg alleged pe@ in'@'es, property d=W, md other @ of action thirh are beirg defenied by the City Attorney, his assigums ud maddate @l. TW casm am perdirig with D" 1. Levine (cww L-13.728 and @5) %birh are not covered by tbe City's insuranoe prwm and the allnw are @tantial. @re are no estimates of tbe material ef@ . if any, of these @ &-d other perdirg litigation on tbe firw=ial stat@s. (cat @) 34 Cny Cr MM. VD=NIA rm To juNe 30, 1983 7. s (contim3ed) B. @@tern Publ- @bority of Virginia The City is a @r of the tern PLibUc Se@ @bority of Virg@Ul@L&. As a t of tbe AuthDrity, the City ho ead tbe of a put of certain notes of tbe A.thority. Mw @ of cbliptow WwainteM by tbe City wm $1.040,000 at June 30. 1983. @ cbligation wi.11 be rdi@ upm the Autbority's is@ of MMTM @ fDr tbe com@ion of a @ tocility thich will mmrt t3rash into &tum C. Isle of Wight on @. wd City of Suf fdlk, Virg a Vdl Water Agreeme@ Tne City utered irlo SW@s "w 1981 wlth isle of W@t sout tbe City of Suffolk to cbrill wells to yrcmide mater in pe@ of dr@t emrgenries. @ City bas @ to bear tbe costs of al@irg emrse imports to private pr@rty well @ frcm tbe pxmpi% of @l maer from these localitim. As a cordition of tbe ar@s, tbe City is Muired to oBtAbUSSh an eacrcw ac@ ftd in the @ of $50,000 for @ of the @ @rac@ sU@s. mwrefore, cwh in the @ of $150,000 ho been rwtricted in tbe Risk rit @ernal Service @ fx)r tbe well water mitigatim prcwwa. D. Irktergovernmental Grarits, @it 5, The City participates in a @r of &&ral @ state grams, at tee, wd s@ r@ program. Mme prq;ram are objert to prcgram complimm aidits by the appli:- cable federal or *tate or their ntatives. Furthen3Dre, the U.S. Office of nt wd @t, in Cirol-r *jaber A-102 (At P), establishad @t @ulre- merits for an aidit for @ xwe,.mmits nmlvug federal nsistame. @to thereof fDr tbe @ ym mW @ 30, 1983 will be of =Mrdi@ thich uq be is@ in a wwate report. Sw @s, if mv, by @ @ts @ be det at this tim al@ the City @ts @ @s, if aW, to be @erial. E. @th of Virginia T* Capital Projects Fund have am been red fDr tbe ast@ed $3,796,686 for the @l *bare of contrarts with the tb of Virginia an weicipated h@ com@ion projects @ich are to be 2* City wi.11 raiubww the th m certain of the cons@ion are completed. 7. City @er bwloymit ract on may io, i982, city @i wtborized an ordim= appr@at irg $2 10,000 @ the to mmide the fundirg for & tbree ym contract of ow@ fDr the City r fDr the period 3une 1, 1982 tbr@ May 30, 1985. in tbe @ the City @er's oW@ is te@ed by tbe City Cmwil wd certain other mmitidm are met, tbe City Ommil mat continie tD ccmpernate the fdrwr City @r until em wO of tbe waract tet= An rmm ho been estabusbad for the unpaid portion of @ Carr tirgert. liability @ thereby is inc@ in the General nm toserve fDr ramn. 35 cny cr mm. To juNE 30, 19a3 7. OWn S C. Blue Cross/Blue Shield of Virzinia on August 1, 1982, the City @ carriers an tbe mp@ hadth care pla- The f=wr @er, Blue Cress/Blue Shield of Virg@ is due $1,814,587 (rac@ in the f inamial s@s) to settle a deficit @ich @ted in tbe fd=er pUm r, tbe City my be liable f3Dr an additional @ of deficit appr irg $400,000. if it is dete@ @ the City is to ply tbe addit@ deficit, it ivterds to @twtimte thib @l Textbook Fund Appr@tely $1,241,gW in @l are an cons@ fran publ"he=. S. AND WERM) @LCUNN Me Virginia Supp al Rat Systan (VSRS) um eotgbl"bed fDr u, State eV@ @ awloye- of @ir-ipatir4g JpDlitiC&l @visiom (section 51-111.11, Oode of Vi.rginia. m M- S-ernitg body of mV @. city, @, politicd entity. @ division, br@, or unit of the th of Virginia ow. by resolution legally @ed ard appr@ by the @ of Trustees of tbe VSFS, elect to hwe its officers Wd employeeb 40 are regularly awloyed full-time an a "lary basis @ icipate in the VSRS. on wd after July 1. 1977, -ry @. city, md tmm (POPAation of 5,000 or greater) not have a retirment system, fDr tbose officers aW awloyees oligible fK)r coverage, citber by estabushirg md maintainirig a local mirement systan or by participatimg dirertly with the VSTTS (Section 51-111.31, odde of V*-%@-* . m The City has elected to puticipate in the VSRS, ard afttatially all of tbe ge@ swenr- mem wd @l amloyees we ccwered. If dare we imufflciert fm" to ma the vested benefits of the awlayees, the City is liable (Section 51-111.47, Oode of Virginia, m amerded). mw last w@ally @ed Uability wo date@ m of June 30, 1981. lbtal liabiliq at that date, both @ md fdllows: Tot 81 Unfund Limbility General Govermlett imioy- $17,850,060 VO,-374,984 $38,225,= SchDol EMI@ 3.392,237 3.260,2% 6.652.533 Total T21 24-2 297 T23-,63 877 577 The unfunded liability of $23,635,280 (obould be @ by aw@r contributi-) hm not been rw@ in the finewial s@s. Appr ely $16,300,000 hm been contributed to the VgFtS by tbe City (@ to the sp@ate ap@ @t unit) @ fmg 1963 with ely $5.500,000 by the Federal md State Swerymerits. The City also prmides an approved deferred @reation plan urder section 457 of the T=ernal Reverue Code. All City employees are eligible to @icipate wd mv defer 25% of Voss inrome or $7,500 per yeaw utichever is less. @re are tbree inves@ @*ux*w (guararteed interest, C, stock, or =wket) available to the ewloyees. At 30, 1983, the @t value of the employee contributed assets in the @ wes appr y $1,009,12D. (cont 36 CM OF VMNIA WM. NM TD june 30, 1983 9. ON POR in MM The City @@ ttwee Emerpr@- F@ thich pr(mide mater wd wwer, @l t md @l cafeteria. @ fDl@ infd=ation, md in 8 (000's) of dol@, is @rited fDr these @erprise Funds fDr the year -niW June 30, 1983: Water wd School School soar T Cafeterim oppratilng P - 21 686 $ $ 4@083 Depreciation wd @ization $ 4.032 $ 567 $ 92 operatirg @ or @s) 2,723 114 $(2,814) Operating Grants 110 2@538 Operatirg Trarmfers In -- 245 ]Ret Imcme or (lose) 150 349 110 Fund EqL%Lty - Currat @nbutwm Capital Additiom $ 11@288 Property. Pla-. -d Equip-lit - - na additiom (deletiom) $ 16,869 $ 316 Net Copital $ 13,623 $1@195 $l@889 Total Aawts $231@827 $2@707 Bords @ other @erm LiabilitieB $ 93,544 $ - $ - Total Fund Equity $129,485 $1.963 $2@424 10. ABLES AND P S Interfund @erfund Fund Receivmbl- payables Fund $722, 103 $ - Enterpriw F@s: Water md Semr - 374,653 Schc>ol Cafeterin 2D2,763 - laernal Service Funds: Cotral Stores - 2D,000 Primt %m - 37,450 city - 290,000 School ocm Agency F" - 2D2.763 Total 924=866 (com@) 37 Crly Cr VDM@ w". VUMNIA wm lo juNE 30, 1983 11. Rg Tramfprs Tramfprs In out Fund 2.550 $76,2BB,4BO spmial @me ftma: 56,016,77.5 244,855 Sdwol Ope-tirg 109,419 - perdlp-ton Child Service Certer mNuito Control @sio- 98D,Ooo - Grarts cmwlidated 4,172 2.550 Ge@ Debt Service Fund 18,851,457 - @ @cvem -ts 326:707 Ge nts Capital PrOi .30 76,535,B85 Totals per @ilit A-2 $76,291 School Cafeterias Enterprise Fund 244,855 - Total 76 535 885 76 535 885 12. RS On MW 14, 1982, the City @il autborized in the fiKAI yw 1983 operatirg budir-t ord the trarlsfp-r of the 3" 30, 1982 rwidual equity of the Famr's Pr@ @t, boa@k Trair,s, Golf @, aW owl Cre& Tem" Certer Enterprige Funds to the Geteral RM; md tbe @ide/KampwUle @l am vuluma @ Debt Service ftds to the General Dpbt Service Furd, fDr w@ability. Also, the r 31, 1982 residual equity of the Six @l Debt Se@ Fund um jutborized to be tramfp-rred to the GenenLI Debt Service Fund. fDr ac@ability. @ rwidual @ty trareferb on the @e are as fDl@: TO TD General Debt To Ge@ Fixed Fron Ge@ F" se@ Assets Acco" @rprmse Purds rmpr wmr's Pr@ 628,237 $ 6,705 k Trairs 23,887 40,500 Golf @ (1,323) 3,153,532 Owl Creek Temus Center 53,329 3BO,592 Debt Service Funds Ba.yside@@le School - 106,922 Virginia @ BoroLO 53,093 Six Bo@ School - 150.736 - 82,598 310:751 4 202 861 *Transfprred at Cost (not sbmn as residual equity trainfere in tbe f @@'al s@B) Residual equity trarefers =sde dLe to mme operatirg trawfers in prior are as fdllows- To School Funl Special Fzverue Funds Grants Corsolidated Fund 353 $ - Sdiool Grants ftd - 9,779 82.951 9.779 (cont@) 38 Crry CF VN=NIA @. VMNLJL mm 70 jm 30, 1983 12. rs (cont@) swegat, tb, perdleton Child Service Cater fr- A rebi&al equity trawfer was MM - Gratte @lidated Sp-jal @ Funi in the @ of $25.034. 13. FtM FAWM im@ The fi@ funds have a deficit fund bO-/-t@ FRAth Insura-e Trust ftd $(294.072) Proprietary @s City @ Imernal Servir-e ftd $(101,296) The rate g@ - the @e @s are MI ly birg eyalusted fz)r adjustmnt tbe@. 14. EUSS EWMMMS OW The @l Grarits Spec,al @@ YM @,di. ppropriti- by $171,113. ever, rev@ O-eW ft tite fr tb. r_ 30. 983 by $171,113. 15. EMIT A,2 AND A,3 Lkn(N FOR M SM@ FM @ilit @@it *-2 Adjustmnts* A-3 $ 7.1@26,931 290.140 $ 56,836,791 Total Reverim 291,762 114 581 493 Total @ndi@ 114.873,255 1,622 57,744,702) -vemm 0-r (Under) Erpenditisres 57.746.324 E=,s of RL 1,622 56,861,289 other Finewing @ces (um) 56.862.911 @s of @ &M other Finamirg souroes Dwer 413 (BM.413) (@r) @rditures &d other F@itg Ume 1.652.764 $$ 1(678 151 @7 Fund Bd JulY 1 353) 25 @7 25,034 Reridual Equity Tr-fe- 1 677 798 1.677 7_98 - - July I - Ad@ted Fund Balm 794.385 794.385 @ Bdanme - im 30 *See Notes lE5 aM 10 - 13 - Item 11-G CONSENT AGENDA ITEM # 22034 Upon motion by Councilwoman Oberndorf, seconded by Councilman McCoy, City Council APPROVED, in ONE MOTION, Items 1*, 2a* b.c.d.e., 3, 4, 5, 6, 7, and 8 of the CONSENT AGENDA. Item No. 1 Correction was noted - (Francis E. Mercer noted that Five Hundred ($500) dollars was just the beginning contribution as more funds are needed, he will contribute same.) Item No. 2a. - Douglas Garrou was absent but his RESOLUTION was read by Mayor Jones,and he will be picking up the framed copy in the City Clerk's Office. Voting: 11-0 Council Members Voting Aye: John A. Baum, Nancy A. Creech, Harold Heischober, Vice Mayor Barbara M. Henley, H. Jack Jennings, Jr., Mayor Louis R. Jones, Robert G. Jones, W. H. Kitchin, III, Reba S. McClanan, J. Henry McCoy, Jr., D.D.S., and Meyera E. Oberndorf Council Members Voting Nay: None Council Members Absent: None June 11, 1984 - 14 - Item II-G.1 CONSENT AGENDA ITEM # 22035 Upon motion by Councilwoman Oberndorf, seconded by Councilman McCoy, City Council ADOPTED a Resolution of Appreciation to FRANCIS E. MERCER (Police K-9 Cemetary). Francis E. Mercer noted one correction to the Resolution: Five Hundred ($500) dollars was just the beginning contribution as more funds are needed, he will contribute same. Voting: 11-0 Council Members Voting Aye: John A. Baum, Nancy A. Creech, Harold Heischober, Vice Mayor Barbara M. Henley, H. Jack Jennings, Jr., Mayor Louis R. Jones, Robert G. Jones, W. H. Kitchin, III, Reba S. McClanan, J. Henry McCoy, Jr., D.D.S., and Meyera E. Oberndorf Council Members Voting Nay: None Council Members Absent: None June 11, 1984 14a - R E S 0 L U T I 0 N WHEREAS, the late Mr. Jesse M. Mercer had a great love for animals; and WHEREAS, he founded the Garden of the Pines Pet Memorial located on Salem Road in Virginia Beach; and WHEREAS, Mr. Mercer, out of his love for animals, often permitted the use of his cemetary for the burial of Police dogs at a minimal cost; and WHEREAS, Mr. Francis E. Mercer, brother of the late Jesse Mercer, hearing of the wish of the Virginia Beach Police Department to develop a Police K-9 Cemetary, has indicated his desire to make a donation toward this cause in memory of his brother; and WHEREAS, he would like to donate $500 for the devel- opment of this cemetary and this amount has been determined to cover the cost of materials and labor for such a project; and WHEREAS, his only request is that an inscription on the monument at the cemetary read "Donated in Memory of Jesse M. Mercer"; NOW, THEREFORE, BE IT RESOLVED THAT THE COUNCIL OF THE CITY OF VIRGINIA BEACH, VIRGINIA, accepts this contribu- tion by Mr. Francir Mercer in memory of his late brother, Mr. Jesse Mercer; and BE IT FURTHER RESOLVED that Council expresses its appreciation to Mr. Francia E. Mercer for this contribution for a Police K-9 Cemetary for the City of Virginia Beach. Given under my hand and seal this Fourth day of June, Nineteen Hundred Eighty-Four. Mayor June 11, 1984 - 15 - Item II-G.2 CONSENT AGENDA ITEM # 22036 Upon motion by Councilwoman Oberndorf, seconded by Councilman McCoy, City Council ADOPTED the following RESOLUTIONS IN RECOGNITION: *Douglas Garrou First Colonial High School Diane Griffin First Colonial High School Ericka E. Kammerer Kempsville High School Christopher M. O'Neill Cox High School Virginia M. Seyer Norfolk Academy *Douglas Garrou was absent but his RESOLUTION was read by Mayor Jones, and he will be picking up his framed copy of the RESOLUTION in the City Clerk's Office. Voting: 11-0 Council Members Voting Aye: John A. Baum, Nancy A. Creech, Harold Heischober, Vice Mayor Barbara M. Henley, H. Jack Jennings, Jr., Mayor Louis R. Jones, Robert G. Jones, W. H. Kitchin, III, Reba S. McClanan, J. Henry McCoy, Jr., D.D.S., and Meyera E. Oberndorf Council Members Voting Nay: None Council Members Absent: None June 11, 1984 - 15a RESOLUTION IN RECOGNITION TO DOUGLAS GARROU WHEREAS: Education is the basis upon which individuals shape their lives arld perhaps the most valuable of all education is the ability to -ke oneself do the thing one must when it ought to be done regardless of time or reason. The beat and most important part of education is that which one gives oneself. As we acquire more knowledge, things do not become more comprehensible but more mysterious; wHEREAS-. Virginia Beach ranks with the nation's beat and above -at educational systems. 42.04% of the City's operating budget is allocated to insure its citizens their youth will be prepared to meet tomorrow's challenges. The highest function of teaching is in stimulating the pupil into the pursuit of knowledge, belief in the present and its opportunities, in the future and its promises as well as in the divine joy of living; and, WHEREAS: Douglas Garrou, Valedictorian of First Colonial High School with a scholastic average of 4.05 and SAT score of 1470, has been awarded the National Merit Scholarship. Doug is Captain of the Ledger-Star Scholastic Team and President of First Colonial's Chapter of the National Honor Society. He attended the Governor's School for the Gifted and has been accepted as a Jefferson Scholar at the University of Virginia. NOW, THEREFORE, BE IT RESOLVED: The Virginia Beach City Council pauses in its deliberations to recognize the outstanding educational achievements of DOUGLAS GARROU, FIRST COLONIAL HIGH SCHOOL and to congratulate Douglas who will in the very near future represent Virginia Beach at a selected university or college,throughout the nation as an Ambassador of the City and one of our most outstanding citizens. BE IT FURTHER RESOLVED: That this Resolution be framed for presentation and the Clerk of Council directed to spread a copy upon the Minutes of this Formal Session of the Virginia Beach City Council this Eleventh day of June, Nineteen Hundred Eighty-Four. Given under my hand and seal, Mayor June 11, 1984 -15b RESOLUTION IN RECOGNITION TO DIANE GRIFFIN WHEREAS: Education is the basis upon which individuals shape their lives and perhaps the most valuable of all education is the ability to make oneself do the thing one must when it ought to be done regardless of time or reason. The best and most important part of education is that which one gives oneself. As we acquire more knowledge, things do not become more comprehensible but more mysterious; WHEREAS: Virginia Beach ranks with the nation's best and above most educational systems. 42.04% of the City's operating budget is allocated to insure its citizens their youth will be prepared to meet tomorrow's challenges. The highest function of teaching is in stimulating the pupil into the pursuit of knowledge, belief in the present and its opportunities, in the future and its promises as well as in the divine joy of living; and, WHEREAS: Diane Griffin, First Colonial High School ranked twenty-first in her graduating class of 481 with a scholastic average of 3.53947 and SAT score of 1240, was named a Finalist in the National Merit Scholarship. She is a member of the National Honor Society. Diane received a scholarship and has been selected for study at the University of 14aryland- She is Treasurer of the Black Culture Club and a Volunteer with the Red Cross Blood Mobile. She is a member of the Student Scholarship Program Seminar and played forward on the basketball team as well as participated in the track team during her sophomore year. NOW, THEREFORE, BE IT RESOLVED: The Virginia Beach City Council pauses in its deliberations to recognize the outstanding educational achievements of DIANE GRIFFIN, FIRST COLONIAL HIGH SCHOOL and to congratulate Diane who will in the very near future represent Virginia Beach at a selected university or college throughout the nation as an Ambassador of the City and one of our most outstanding citizens. BE IT FURTHER RESOLVED: That this Resolution be framed for presentation and the Clerk of Council directed to spread a copy upon the Minutes of this Formal Session of the Virginia Beach City Council this Eleventh day of June, Nineteen Hundred Eighty-Four. Given under my hand and seal, Mayor June 11, 1984 - 15c RESOLUTION IN RECOGNITION TO ERICKA E. KAMMERER WHEREAS: Education is the basis upon which individuals shape their lives and perhaps the most valuable of all education is the ability to make oneself do the thing one must when it ought to be done regardless of time or reason. The beat and most important part of education is that which one gives oneself. As we acquire more knowledge, things do not become more comprehensible but more mysterious; WHFREAS: Virginia Beach ranks with the nation's best and above most educational systems. 42.04% of the City's operating budget is allocated to insure its citizens their youth will be prepared to meet tomorrow's challenges. The highest function of teaching is in stimulating the pupil into the pursuit of knowledge, belief in the present and its opportunities, in the future and its promises as well as in the divine joy of living; and, WHEREAS: Ericka E. Kammerer is Valedictorian of Kempsville High School's graduating class with a scholastic average of 4.0952 and won the National Merit Scholarship. Ericka is an accomplished Flutist and Is a member of the Tidewater Youth Sysphony as well as the Keepsville Marching and Concert Band, having won the Kempsville High Band Parents Scholarship. She is a member of the National Honor Society and the Language Arts Curriculum Committee for the City of Virginia Beach. She won the Writing Award from the National Council of Teachers of English. Ericka has taken all three advanced placement courses offered at Kempaville High and attended the Governor's School for the Gifted. She won the Music Literature Award from the Princess Anne Women's Club and was awarded the University of Michigan's Music Scholarship. N(YW, THEREFOPE, BE IT RESOLVED: The Virginia Beach City Council pauses in its deliberations to recognize the outs@anding educational achievements of ERICKA E. KAMMERER, KEMPSVILLE HIGH SCHOOL and to congratulate Ericka who will in the very near future represent Virginia Beach at a selected university or college throughout the nation as an Ambassador of the City and one of our most outstanding citizens. BE IT FURTHER RESOLVED: That this Resolution be framed for presentation and the Clerk of Council directed to spread a copy upon the Minutes of this Formal Session of the Virginia Beach City Council this Eleventh day of June, Nineteen Hundred Eighty-Four. Given under my hand and seal, Mayor June 11, 1984 - 15d RESOLUTION IN RECOGNITION TO CHRISTOPHER M. O'NEILL WHEREAS: Education is the basis upon which individuals shape their lives and perhaps the most valuable of all education is the ability to make oneself do the thing one must when it ought to be done regardless of time or ch one gives reason. The best and most important part of education is that whi oneself. As we acquire more knowledge, things do not become more comprehensible butimore mysterious; wHEREAS: Virginia Beach ranks with the nation's best and above most educational systems. 42.04% of the City's operating budget is allocated to insure its citizens their youth will be prepared to meet tomorrow's challenges. The highest function of teaching is in stimulating the pupil into the pursuit of knowledge, belief in the present and its opportunities, in the future and its promises as well as in the divine joy of living; and, WHEREAS: Christopher M. O'Neill, Valedictorian of Cox High School has been awarded the National Merit Scholarship, his scholastic average being 4.0889 with an SAT score of 1480, he has the distinction of the President's Academic Fitness Award seal on his diploma. Chris has been selected at Princeton University, is President of the National Honor Society, Co-Captain of the Cox High Debate Team, was President of his Junior Class, participated in Boy's State and the Governor's School for the Gifted. He placed First in the Cox High Spelling Bee, won the Award-in-Merit from the National Council of Teachers of English, the NASA Award for Outstanding Student in Aerospace Research, the Ledger-Star Annual Award, Elks National Scholarship, Soroptimists International Award, Balfour Oustanding Achievement Award and one of two hundred nation-wide to be awarded the Jostens Scholarship. N(YW, THEREFORE, BE IT RESOLVED: 'The Virginia Beach City Council pauses in its deliberations to recognize the outstanding educational achievements of CHRISTOPHFR M. O'NEILL, COX HIGH SCHOOL and to congratulate Chris who will in the very near future represent Virginia Beach at a selected university or college throughout the nation as an Ambassador of the City and one of our most outstanding citizens. BE IT FURTHER RESOLVED: That this Reaolution be framed for presentation and the Clerk of Council directed to spread a copy upon the Minutes of this Formal Session of the Virginia Beach City Council this Eleventh day of June, Nineteen Hundred Eighty-Four. Given under my hand and seal, Mayor June 11, 1984 - 15e RESOLUTION IN RECOGNITION TO VIRGINIA M. SEYER WHEREAS: Education is the basis upon which individuals shape their lives and perhaps the most valuable of all education is the ability to make oneself do the thing one must when it ought to be done regardless of time or reason. The best and inost important part of education is that which one gives oneself. As ve acquire more knowledge, things do not become more comprehensible but more mysterious; WREREAS: Virginia Beach ranks with the nation's best and above most educational systems. 42.04% of the City's operating budget is allocated to insure its citizens their youth will be prepared to meet tomorrow's challenges. The highest function of teaching is in stimulating the pupil into the pursuit of knowledge, belief in the present and its opportunities, in the future and its promises as well as in the divine joy of living; and, WHEREAS: Virginia M. Seyer ranked Number Two as Salutatorian, cum laude, in her graduating class at Norfolk Academy with a scholastic average of 96.4 and an SAT score of 1430. Virginia won the National Merit Scholarship and lettered in the Varsity Girls LaCrosse. She is a member of the JETS (Junior English Technological Society) team, the Ledger-Star Scholastic Team and attended the Governor's School for the Gifted. Virginia is a cheerleader and played the lead "Dolly Levi- in the school play, "Hello Dolly". She was awarded a scholarship from the Scholarship Board and will attend Harvard University with interest in law and journalism. NOW, THEREFORE, BE IT RESOLVED: The Virginia Beach City Council pauses in its deliberations to recognize the outstanding educational achievements of VIRGINIA M. SEYER, NORFOLK ACADE14Y and to congratulate Virginia who will in the very near future represent Virginia Beach at a selected university or college throughout the nation as an Ambassador of the City and one of our most outstanding citizens. BE IT FURTHER RESOLVED: That this Resolution be framed for presentation and the Clerk of Council directed to spread a copy upon the Minutes of this Formal Session of the Virginia Beach City Council this Eleventh day of June, Nineteen Hundred Eighty-Four. Given under my hand and seal, Mayor June 11, 1984 - 16 - Item II-G.3 CONSENT AGENDA ITEM # 22037 Upon motion by Councilwoman Oberndorf, seconded by Councilman McCoy, City Council ADOPTED an Ordinance, on SECOND READING, to accept and appropriate additional funds of $7,550 for the PENDLETON CHILD SERVICE CENTER. Voting: 11-0 Council Members Voting Aye: John A. Baum, Nancy A. Creech, Harold Heischober, Vice Mayor Barbara M. Henley, H. Jack Jennings, Jr., Mayor Louis R. Jones, Robert G. Jones, W. H. Kitchin, III, Reba S. McClanan, J. Henry McCoy, Jr., D.D.S., and Meyera E. Oberndorf Council Members Voting Nay: None Council Members Absent: None June 11, 1984 - 16a - AN O.RDINANCE M ACCE?R AND APPROPRLATE ADDITIONAL OF $7,550 FOR THE P CHILD SERVICE WHEFtEAS, City C@il approved a revised budget for the Pendleton Child Service Center on March 5, 1984, and WHEREAS, the United States Department of Agriculture thraqh the Department of Corrections, will provide additional funds in the aniount of $7,550, and the eton Child Service Center has a need for new kitchen eqLii@t and repairs to existing kitchen furniture. NOW, RE, BE IT 0 BY THE COUNCIL OF THE CITY OF VIRGINIA BEACH, VIRGINIA: That the city manager is hereby authorized to accept the additional fund-- for the City, and furbds are hereby appropriated in the amount of $7,550 for the Pendleton child Service center, and BE rr 0 that the appropriations be f@ed by $7,550 Estiniated Revenue fran the United States Department of Agriculture. Adopted by the Council of the City of Virginia Beach on the 11 day of June 1984. PLIBLIC June 4, 1984 FIwr READING, June 4, 1984 READI%: June 11, 1984 APPROVED AS TO CON'16NT June 11, 1984 - 17 - Item II-G.4 CONSENT AGENDA ITEM # 22038 Upon motion by Councilwoman Oberndorf, seconded by Councilman McCoy, City Council ADOPTED an Ordinance approving a supplemental LANDFILL AGREEMENT with the City of Norfolk and authorizing the City Manager to execute on behalf of the City of Virginia Beach, Virginia. Voting: 11-0 Council Members Voting Aye: John A. Baum, Nancy A. Creech, Harold Heischober, Vice Mayor Barbara M. Henley, H. Jack Jennings, Jr., Mayor Louis R. Jones, Robert G. Jones, W. H. Kitchin, III, Reba S. McClanan, J. Henry McCoy, Jr., D.D.S., and Meyera E. Oberndorf Council Members Voting Nay: None Council Members Absent: None June 11, 1984 - 17a - ORDINANCE APPROVING A SUPPLEMENTAL LANDFILL AGREEMENT WITH THE CITY OF NORFOLK AND AUTHORIZING CITY MANAGER TO EXECUTE ON BEHALF OF THE CITY OF VIRGINIA BEACH, VIRGINIA WHEREAS, on July 1, 1980, the City of Virginia Beach and the City of Norfolk entered into a contract for the disposal of solid waste generated by Norfolk in the sanitary landfill of Virginia Beach; and WHEREAS, the City of Norfolk has requested that the original contract be extended until the SPSA landfill is available to accept Norfolk solid waste but not later then May 1, 1985; and WHEREAS, it is deemed in the best interest of relations between the two cities for the City of Virginia Beach to grant the request of the City of Norfolk; and WHEREAS, an extension of the original contract for disposal of City of Norfolk solid waste will not be detrimental to the public health, safety and welfare. NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF VIRGINIA BEACH, VIRGINIA; (1) That the attached Supplemental Landfill Agreement is hereby approved. (2) That the City Manager is hereby authorized to execute the attached Supplement To Agreement For Disposal Of City Of Norfolk Solid Waste extending the terms and conditions of the original contract for a period of time until the SPSA landfill is available to accept Norfolk solid waste but in no event later then May 1, 1985. Adopted by the Council of the City of Virginia Beach on the 11 day of June 1984. Ae!@[,O-IL@ AS Ti-' MES/re (ORD G) 1984 @y - 17b - SUPPLEMENT TO AGREEMENT FOR DISPOSAL OF CITY OF NORFOLK SOLID WASTE THIS SUPPLEMENTAL AGREEMENT, Made this day of , 1984, by and between the CITY OF VIRGINIA BEACH, a municipal corporati6n of the Commonwealth of Virginia, hereinafter referred to as "Virginia Beach," and the City of Norfolk, a municipal corporation of the Commonwealth of Virginia, hereinafter referred to as 'Norfolk., WHEREAS, on July 1, 1980, the parties to this agreement entered into a contract for the disposal of solid waste generated by Norfolk in the sanitary landfill of Virginia Beach; and WHEREAS, the parties have agreed to extend and supplement said previous contract. NOW, therefore, in consideration of the payments which have already been made upon the original contract, and for and in consideration of the promises and agreements herein set forth, it is now agreed by and between the parties that the original contract shall be, and is hereby extended and supplemented in the following respects only: 1. The City of Norfolk shall have the right to extend the terms and conditions of the original contract for a period of time until the SPSA landfill is available to accept Norfolk solid waste, but in no event shall the extension extend beyond May 1, 1985. During the time of such extension, Norfolk shall pay a disposal charge at the highest rate effective during the month of December, 1984. 2. Norfolk shall pay for all repair and operating expenses in excess of the average monthly expenditure for the June 11, 1984 !/b equipment designated in Article VI (2) of the original contract. The average monthly expenditure for such equipment shall be calculated by taking the total amount of money spent by Virginia Beach for repair and operation of such equipment during the length of the original contract and dividing by the original contract term of fifty-one (51) months. During the extension period, Norfolk shall pay any monthly expenditure for repair or operation of such equipment in excess of such average monthly expenditure. If Norfolk ceases using the Virginia Beach landfill prior to the end of a full month, the average monthly expenditure shall be pro rated according to the number of days in the month which Norfolk used the landfill. In computing the repair and operating expenditures specified above, 1.5 35 ton dump trucks shall be subtituted for the 3 pans designated in Article VI(2) of the original contract. IN WITNESS WHEREOF, the parties have executed this Supplemental Agreement on the day and year first above written. CITY OF VIRGINIA BEACH By Thomas H. Muehlenbeck City Manager APPROVED AS TO CONTENT ATTEST - 1<@ SIGNATCF wo ic Ruth Hodges Smith DEPA@,)T@,,,04T City Clerk APPROVED AS TO FORM -2- CITY ATT,)RNEY June 11, 1984 17c - CITY OF NORFOLK City Manager ATTEST: k,, 2/10/84 (Agree.21) Contents Approved: Approved as t.4* and correctness: W-pufy City Attorney APi)ROVED AS TC) FOKN' OF LAW -3- June 11, 1984 - 18 - Item II-G.5 CONSENT AGENDA ITEM # 22039 Upon motion by Cuncilwoman Oberndorf, seconded by Councilman McCoy, City Council ADOPTED an Ordinance to authorize a temporary encroachment into a portion of the right-of-way of George Mason Drive, Mattaponi Road, and Courthouse Drive to ROBERT G. BREWER, his heirs, assigns and successors in title. This encroachment shall be subject to the following conditions: 1. The owner agrees to remove the encroachment when notified by the City, at no expense to the City. 2. The owner agrees to keep and hold the City free and harmless of any liability as a result of the encroachment. 3. The owner agrees to maintain said encroachment so as not to become unsightly or a hazard. 4. The owner must submit and have approved a traffic control plan before commencing work within the City's right-of-way. 5. A highway permit must be obtained and a bond posted prior to commencing work within the City's right- of-way. 6. No open cut of a public roadway shall be allowed except under extreme circumstances. Exceptions shall be submitted to the Highway Division for final approval. 7. The contractor is to notify the Landscape Services Division at least one week prior to the installation of the construction entrance. 8. The contractor is to notify the Landscape Services Division at least two weeks prior to the commencement of the sewer force main installation along Mattaponi Road. 9. A bond must be posted for replacement of existing shrubbery. A written estimate must be submitted to the Landscape Services Division for approval and bond posted prior to connencing work. 10. The contractor will replace the turf areas disturbed along Mattaponi Road and Courthouse Drive with sod. 11. The contractor must coordinate with Building Maintenance to ensure that no damage is incurred to Data Processing lines or heating/air conditioning piping. 12. This encroachment shall not be in effect until an agreement has been executed encompassing the above conditions. June 11, 1984 - 19 - Item II-G.5 CONSENT AGENDA ITEM # 22039 (Continued) Voting: 11-0 Council Members Voting Aye: John A. Baum, Nancy A. Creech, Harold Heischober, Vice Mayor Barbara M. Henley, H. Jack Jennings, Jr., Mayor Louis R. Jones, Robert G. Jones, W. H. Kitchin, IIT, Reba S. McClanan, J. Henry McCoy, Jr., D.D.S., and Meyera E. Oberndorf Council Members Voting Nay: None Council Members Absent: None June 11, 1984 19a - Requested By Department of Public Works AN ORDINANCE TO AUTHORIZE A TEMPORARY ENCROACHMENT INTO A PORTION OF THE RIGHT-OF-WAY OF GEORGE MASON DRIVE, MATTAPONI ROAD AND COURTHOUSE DRIVE TO MR. ROBERT G. BREWER, HIS HEIRS, ASSIGNS AND SUCCESSORS IN TITLE BE IT ORDAINED BY THE COUNCIL OF THE CITY OF VIRGINIA BEACH, VIRGINIA: That pursuant to the authority and to the extent thereof contained in Section 15.1-893, Code of Virginia, 1950, as amended, Mr. Robert G. Brewer, his heirs, assigns and successors in title is authorized to construct and maintain a temporary encroachment into the right-of-way of George Mason Drive, Mattaponi Road and Courthouse Drive. That the temporary encroachment herein authorized is for the purpose of constructing and maintaining a 2 1/2 force main to service a medical office building located on George Mason Drive at its intersection with Mattaponi Road and that said encroachment shall be constructed and maintained in accordance with the City of Virginia Beach Public Works Department's specifications as to size, alignment and location, and further that such temporary encroachment is more particularly described as follows: An area of encroachment into a portion of the City's right-of-way known as George Mason Drive, Mattaponi Road and Courthouse Drive, on the certain plat entitled: "FORCE MAIN ENCROACHMENT FOR ROBERT G. & DONNA S. BREWER," a copy of which is on file in the Department of Public Works and to which reference is made for a more particular description. PROVIDED, HOWEVER, that the temporary encroachment herein authorized shall terminate upon notice by the City of Virginia Beach to Mr. Robert G. Brewer, his heirs, assigns and successors in title and that within thirty 30 days after such notice is given, said encroachment shall be removed from the City right-of-way of George Mason Drive, Mattaponi Road and Courthouse Drive and that Mr. Robert G. Brewer, his heirs, assigns and June 11, 1984 - 19b successors in title shall bear all costs and expenses of such removal. AND, PROVIDED FURTHER, that it is expressly understood and agreed that Mr. Robert G. Brewer, his heirs, assigns and successors in title shall indemnify and hold harmless the City of Virginia Beach, its agents and employees from and against all claims, damages, losses, and expenses including reasonable attorney's fees in case it shall be necessary to file or defend an action arising out of the location or existence of such encroachment. AND, PROVIDED FURTHER, that this ordinance shall not be in effect until such time that Mr. Robert G. Brewer executes an agreement with the City of Virginia Beach encompassing the afore-mentioned provisions. Adopted by the Council of the City of Virginia Beach, Virginia, on the 11 day of June 1984 - MES/re 5/2/84 (29B) APPROVED AS TO CONTENT ID Al To _.A "T, 'TT", -2- June 11, 1984 - 20 - Item II-G.6 CONSENT AGENDA ITEM # 22040 Fred J. Dean, III, was in attendance to respond to any questions Upon motion by Councilwoman Oberndorf, seconded by Councilman McCoy, City Council ADOPTED an Ordinance appointing viewers in the petition of FRED J. DEAN, III, for the closure of a portion of Rouse Drive (Kempsville Borough). The Viewers are: Robert J. Scott Director of Planning David M. Grochmal Assistant to the City Manager C. Oral Lambert, Jr. Director of Public Works Voting: 11-0 Council Members Voting Aye: John A. Baum, Nancy A. Creech, Harold Heischober, Vice Mayor Barbara M. Henley, H. Jack Jennings, Jr., Mayor Louis R. Jones, Robert G. Jones, W. H. Kitchin, III, Reba S. McClanan, J. Henry McCoy, Jr., D.D.S., and Meyera E. Oberndorf Council Members Voting Nay: None Council Members Absent: None June 11, 1984 - 20a .SIIAMES 13YJILJM, .TIORNEYS @ND COUNSEL.RS @T LAW 21,1.15 ol.D CREEN]3j?lLli riOAl) TELEPHONE (80.1 420-9653 1. DE.N. Ill RO.ERT G. OYR.. .1 T .... S E. BYRU. CERTIFICATE OF VESTING Or TITLE 1, Frcd J. I)c@n, Ill, dc) li(,r(?by coi-tify tl-kit: 1. I am an attorney at law and am also the petitioner. 2. qhat if thc, pro@rty d(-,scribcd bl-low is discontinued, closed a.nd vacated by the ec)uncil of the City of Virginia Beach, Virginia, then title Lo said property will vl@st in Frc-d J. Dean, Ill, thL- adjacent land- owiior, wlio is tti,@ tiol(A(-@r of- LliL,, LuvALrlyi-i-ty 1:@, iii said prop,@Ly. The said property referred to herein is hereby described as follows: B.wiNNiNG at a pc)int on the northeast corner of RDuse DriVe and Grayson Road; Thence @ng along the north side of Muse Drive N 70@ 05' 00" E 248.901 tc) a poi-nt, being tiio i-iol-tllc)ast cornc-,r of Rc)usL, Drivc,; qllmcl- turniiig ai@ rlilulil@ along the east side of Rouse Drive 8 23@ 09' 00" E 30-00' tc) a pc)int of curve; Thence along a curve to the left with an arc distance of 48.831 and a radius of 44.71' to a poilit; lili(@nco turning @ runnin(g across I?ouse Drive in LA soutliwo@L- erly direction S 65' 351 59" W 54,321 to a pc)int c)n the wL,stL,rn sid(-, of Rousc-, Drive; Theiicc- turi-ii-ng and rwuiing aloiig the western side of Rouse Drive N 23@ 091 00" W 42.45' to a point that mrks the soutluest corner of Rc)use Drive; Thence turning and running al@ the south side of Rmse Drive S 70* 051 0011 W 218.901 to a point located at the southeast corner of RDuse Drive and Grayson RDad; Thence turning and running along the eastem side of Grayson Road across Rc)use Drive N 22' 421 30" W 30.121 to a point, the point of beginning. The portion of Rouse Drive described above, contains 0.2070 acre. Respectfully subniitted, Fr6d J III@ Attornei/ at Law June 11, 1984 20b - ORDINANCE APPOINTING VIh@ WHEREAS, Fred J. Dean, III, has given due and proper notice, in accordance with the statutes for such cases rrade and provided that he will on the llth day of June, 1984, apply to the City Council of the City of Virginia Beach, Virginia, for the appointment of Viewers to view the below- described pro@y and report in writing to the Gouncil whether, in the opinion of said Viewers, any, and if any, what inconvenience @d result from the discontinuance of the hereinafter described portion of that certain street of variable width, and has filed such application with said Council. NOW, THEREFORE, be it ORDA= by the Council of the City of Virginia Beach, Virginia: THAT Robert J. Scott David M. Grochmal and C. Oral Lambert, Jr. are hereby appointed to vi-ew the belcyw described property and report in writing to the Council, as soon as pc)ssible, whether in their opinion, any, and if any, what inconvenience @uld result in the discontinuing, relocating and vacating of a portion of that certain street of variable width located in the City of Virginia Beach, Virginia, and mre particularly described as follows: BEGINNING at a pc)iiit on the northeast corner of Rouse Drive and Grayson Road; Thence r=ing along the north side of Rouse Drive N 70' 05' 00" E 248.90' to a point, being the northeast corner o@@ Rouse Drive; Thence turning and raming along the east side of Rouse Drive S 23' 091 00" E 30.001 to a point of curve; Thence along a curve to the left with an arc distance of 48.83' and a radius of 44.71' to a point; Thence t=ing and running across Rouse Drive in a southwest- erly direction S 63@ 35' 59" W 54.32' to a point on the western side of Rouse Drive; Thence turning and running along the western side of Rc)use Drive N 23@ 09' 00" W 42.45' to a point that itarks the southwest corner of Rouse Drive; Thence turning and running along the south side of Rouse Drive S 70' 05' 00" W 218.90' to a point located at the southeast corner of Rc)use Drive and Grayson Road; Thence t=ing and running along the eastern side of Grayson Road across Rouse Drive N 22' 42' 30" W 30.12' to a point, the point of beginning. The portion of Rouse Drive described above, contains 0.2070 acre. All the above as s.-iown upc)n that certain plat entitled, "Re-Subdivision of Property of Fred J. Dean, III, showing a portion of Rouse Drive to be closed and relocated as shown on said plat prepared by Wilfred P. Targe, Surveyor dated April 3, 1984, and said proper-ty being located in the Kerrpsville Borough, Virginia Beach, Virginia", which plat is attached with the Ordi--iance closing the aforedescribed street. - 20c - IN THE MATTER OF CLOSING, TING, VACATING AND DISOONTINUIW- A PORTICN OF THAT CERTAIN AS ROUSE D@, AS SHOM UPON CERRAIN KAT @ITLED, "RE-SUBDIVISION OF PROP= OF FRED J. DEAN, iii," P@ARED BY WNERED P. @, SURVEYOR, DATED, APRIL 3, 1984, MT BORDLIGH - VIIGINIA BEACH, VIRGINIA, WHICti PIAT IS ATRACHED PETITION TO: THE MAYOR AND THE OF THE COUNCIL OF THE CITY OF VIICINIA BEACH, VIICINIA Your Petitioner, Fred J. Dean, III, respectfully represents as follows: 1. That pursuant to the provisions of Secticn 15.1-364 of the Code of Virginia, as @ded, the Petitioner applies for the vacating, closing, relocating, and discontinuance of a portion of that certain street, which is mre specifically described as follows: BEGINNING at a point on the northeast corner of RDuse Drive and Grayson Road; Thence @ing along the north side of Rc)use Drive N 70@ 051 00" E 248.90' to a PC)int, being the northeast corner of lbuse Drive,& Thence turning and ruming along the east side of @use Drive S 231 091 00" E 30.00' to a point of curve; Thence along a curve to the left with an arc distance of 48.831 and a radius of 44.71' to a point; Thence turning and running across RDuse Drive in a southwest- erly direction S 65' 35' 59" W 54.32' to a point on the western side of Rouse Drive; Thence turning and running along the western side of RDuse Drive N 23' 091 00" W 42.451 to a point that warks the southwest corner of Rc)use Drive; Thence turning and running along the south side of Rouse Drive S 701 051 00" W 218.90' to a point located at the southeast corner of Rouse Drive and Grayson Road; Thence turning and running along the eastern side of Grayscn Road across Rouse Drive N 22' 421 30" W 30.12' to a point, the point of beginning. The portion of Rouse Drive described above, contains 0.2070 acre. Said parcel of land being a portion of Rouse Drive, as indicated on that certain plat entitled "Re-Subdivisicn of Property of Fred J. Dean, III, Kempsville Borough, Virginia Beach, virginia, prepared by Wilfred P. large, Surveyor, dated April 3, 1984", which plat is attached hereto and nade a part hereof and intended to be recorded with the Ordiriance closing the aforedescribed street. 2. That no inconvenience will result to any persons by reason of said closing, relocation, vacation, and discontinuance of said street; @ the Petiticner prays that tliis Honorable Council appoint viewers as Provided by I-aw to view said platted street proposed to be closed and relocated; and to report in writing to the Council on or before the day of , 1984, as to whether in the opinion of said - 20d - Viewers, what inconveruence, if any, @uld result from the discontinuance, relocaticn and closing of this portion of said street, as herein reported and described. 3. That on the 8th day of May, 1984 and on the - 17th day of May, 1984, notice of the presenting of this application @s published in the Beacon, a newspaper of general circulation, 3-n the City of Virginia Beach, Virginia. 4. @t the fee simple owner of all land along and adjacent to and affected by said portion of the platted street is your Petitioner herein, Fred J. Dean, III, 3895 Old Shell Road, Virginia Beach, Virginia 23452. Respectfully subn-Litted, Fred J. 4-1 iii 3895 01@hell Rc>ad Virginia Beach, Virginia 23452 June 11, 1984 - 21 - Item II-G.7 CONSENT AGENDA ITEM # 22041 Upon motion by Councilwoman Oberndorf, seconded by Councilman McCoy, City Council APPROVED a Certificate of Public Convenience and Necessity for LIMOUSINE CAR SERVICE in the matter of the application of George Holmes. Voting: 11-0 Council Members Voting Aye: John A. Baum, Nancy A. Creech, Harold Heischober, Vice Mayor Barbara M. Henley, H. Jack Jennings, Jr., Mayor Louis R. Jones, Robert G. Jones, W. H. Kitchin, III, Reba S. McClanan, J. Henry McCoy, Jr., D.D.S., and Meyera E. Oberndorf Council Members Voting Nay: None Council Members Absent: None June 11, 1984 - 22 - Item II-G.8 CONSENT AGENDA ITEM # 22042 Upon motion by Councilwoman Oberndorf, seconded by Councilman McCoy, City Council APPROVED a Raffle Permit for the following: HAMPTON ROADS YOUTH HOCKEY ASSOCIATION, INC. Voting: 11-0 Council Members Voting Aye: John A. Baum, Nancy A. Creech, Harold Heischober, Vice Mayor Barbara M. Henley, H. Jack Jennings, Jr., Mayor Louis R. Jones, Robert G. Jones, W. H. Kitchin, III, Reba S. McClanan, J. Henry McCoy, Jr., D.D.S., and Meyera E. Oberndorf Council Members Voting Nay: None Council Members Absent: None June 11, 1984 - 23 - Item II-H.1 PLANNING ITEM # 22043 Attorney Grover Wright represented the applicant With all conditions being met, and upon approval for an extension of the time period, upon motion by Councilman Jennings, seconded by Council- woman Creech, City Council authorized FINAL APPROVAL of an Ordinance upon application of LYNN BEACH ASSOCIATES for Street Closures as per the following: Application of Lynn Beach Associates, a Virginia General Partnership, for the discontinuance, closure and aban- donment of portions of Kleen Street and Cape Henry Drive. Kleen Street: Beginning at the northern boundary of Cape Henry Drive and running in a northerly direction a dis- tance of 220 feet. Parcel is 60.19 feet in width. Cape Henry Drive: Beginning at a point 160 feet more or less east of Jade Street and running in an easterly di- rection a distance of 402.53 feet along the northern boundary of Cape Henry Drive. Parcel is 25 feet in width. Said parcels contain 23,305 square feet. LYNNH&VEN BOROUGH. Voting: 11-0 Council Members Voting Aye: John A. Baum, Nancy A. Creech, Harold Heischober, Vice Mayor Barbara M. Henley, H. Jack Jennings, Jr., Mayor Louis R. Jones, Robert C. Jones, W. H. Kitchin, III, Reba S. McClanan, J. Henry McCoy, Jr., D.D.S., and Meyera E. Oberndorf Council Members Voting Nay: None Council Members Absent: None June 11, 1984 ORDINANCE NO. IN THE MATTER OF CLOSING, VACATING, AND DISCONTINUING A PORTION OF THOSE CERTAIN STREETS OF VARIABLE WIDTH KNOWN AS KLEEN STREET AND HOLLY AVENUE (A/K/A CAPE HENRY DRIVE), LOCATED IN THE LYNNHAVEN BOROUGH OF THE CITY OF VIRGINIA BEACH, VIRGINIA, AS SHOWN ON THAT CERTAIN PLAT ENTITLED, "STREET CLOSURE PLAT PORTIONS OF KLEEN STREET AND HOLLY AVENUE," WHICH PLAT IS RECORDED IN THE CLERK'S OFFICE OF THE CIRCUIT COURT OF THE CITY OF VIRGLNIA BEACH, VIRGINIA, IN MAP BOOK 180 , AT PAGE 38 WHEREAS, it appearing by Affidavit that proper notice has been given by I,ynn Beach Associates, a Virginia general partner- ship, that it would make application to the Council of the City of Virginia Beach, Virginia Beach, Virginia, on 1983, to have the hereinafter described streets discontinued, closed and vacated; and WHEREAS, it is the judgment of the Council that said streets be discontinued, closed and vacated; NOW, THEREFORE, SECTION I BE IT ORDAINED by the Council of the City of Virginia Beach, Virginia, that the hereinafter described streets be discontinued, closed and vacated: ALL THOSE certain parts or portions of Holly Avenue (also known as Cape Henry Drive) and of Kleen Street being and located in the City of Virginia Beach, Virginia, and being more particularly described as follows: Beginning at a point in the southwestern corner of Lot 22, Block 1, on the Plat of Lynnhaven Beach which said plat is duly recarded in the Clerk's Office of the Circuit Court of the City of Virginia Beach, Virginia, in Map Book 5, at Page 71; from said point of beginning, thence N 05@ 21' W along the eastern line of Kleen Street to a point, which point is the intersection between the eastern line of Kleen Street and a prolongation in an eastward direction of the northern lot line of Lot 18, Block 8, Plat of Lynnhaven Shores (M.B. 7, P. 167 in the aforesaid Clerk's Office); tllence S 801 08' W 60.19 feet to a point in the western line of Kleen Street, which point is also the northeastern corner of said Lot 18; thence S 05' 21' E alorig the western line of Kleen Street a distarice of 220 feet to the northwestern intersection of Kleeri Street and Holly Avenue (a/k/a Cape Henry Drive); thence S 801 08' W along tlie northern line of Holly AveIlLie 167.04 feet; thence S 09' 521 E 25 feet; thence N 80' 08' E 402.53 feet; thence N 09* 52' W 25 feet to the southeast corner of Lot 22 in said Block 1; thence S 801 08' W 175.3 feet to the place or point of beginning. Said parcels of land being portions of Kleen Street and Holly Avenue (a/k/a Cape Henry Drive) as indicated on that certain plat of property to be vacated along existing Kleen Street and Holly Avenue (a/k/a Cape Henry Drive) for Lynn Beach Associates, a Virginia general partnership, which plat is recorded in the Clerk's Office of the Circuit Court of the City of Vi-rginia Beach, Virginia, in Map Book _, at page _, and which is made a part hereof by reference. SECTION II A certified copy of this Ordinance shall be filed in tlie office of the Circuit Court of the City of Virginia Beach, indexed in the name of the City of Virginia Beach, as grantor. SECTION III This ordinance shall be effective thirty (30) days from the date of its adoption. -2- - 24 - Item II-H.2 PLANNING ITEM # 22044 Alexander Bell, II, was in attendance to respond to any questions concerning the application Upon motion by Councilman Kitchin, seconded by Councilman Jennings, City Council ADOPTED an Ordinance upon application of ALEXANDER H. BELL, II, and ANDREA H. BELL for a Conditional Use permit per the following: ORDINANCE UPON APPLICATION OF ALEXANDER H. BELL, 11, AND ANDREA H. BELL FOR A CONDITTONAL USE PERMIT FOR A GARAGE APARTMENT R0684639 BE IT HEREBY ORDATNED BY THE COUNCTL OF THE CITY OF VIRGINIA BEACH, VIRGINIA: Ordinance upon application of Alexander H. Bell, II, and Andrea H. Bell for a Conditional Use Permit for a garage apartment on certain property located at the northwest corner of 27th Street and Arctic Avenue, running a distance of 50 feet along the north side of 27th Street, running a distance of 140 feet along the western property line, running a distance of 50 feet along the northern property line and running a distance of 140 feet along the west side of Arctic Avenue. Said parcel is located at 401 27th Street and contains 7,000 square feet. VIRGINIA BEACH BOROUGH. This Ordinance shall be effective upon the date of adoption. Adopted by the Council of the City of Virginia Beach, Virginia on the Eleventh day of June, Nineteen Hundred and Eighty-four. Voting: 11-0 Council Members Voting Aye: John A. Baum, Nancy A. Creech, Harold Heischober, Vice Mayor Barbara M. Henley, H. Jack Jennings, Jr., Mayor Louis R. Jones, Robert G. Jones, W. H. Kitchin, III, Reba S. McClanan, J. Henry McCoy, Jr., D.D.S., and Meyera E. Oberndorf Council Members Voting Nay: None Council Members Absent: None June 11, 1984 - 25 - Item II-H.3 PLANNING ITEM # 22045 Attorney Grover Wright represented the applicant Upon motion by Councilman Kitchin, seconded by Councilman Baum, City Council ADOPTED an Ordinance upon application of DUNN-MALBON CONSTRUCTION COMPANY for a Conditional Use Permit per the following; ORDINANCE UPON APPLICATION OF DUNN-MALBON CONSTRUCTION COMPANY FOR A CONDITIONAL USE PERMIT FOR A DUPLEX R0684640 BE IT HEREBY ORDAINED BY THE COUNCIL OF THE CITY OF VIRGINIA BEACH, VIRGINIA: Ordinance upon application of Dunn-Malbon Construction Company for a Conditional Use Permit for a duplex on certain prope ty located on the west: side of Parks Avenue, 55 feet North of 12th Street on Lots 7, 8 and 9, Block 117, Lakewood. Said parcel contains 9,375 square feet. VIRGINTA BEACH BOROUGH. The following condition shall be required: 1. Resubdivision of the property to incorporate the two lots into one conforming lot. This Ordinance shall be effective upon the date of adoption. Adopted by the Council of the City of Virginia Beach, Virginia on the leventh day of June, Nineteen Hundred and Eighty-four. Voting: 11-0 Council Members Voting Aye: John A. Baum, Nancy A. Creech, Harold Heischober, Vice Mayor Barbara M. Henley, H. Jack Jennings, Jr., Mayor Louis R. Jones, Robert G. Jones, W. H. Kitchin, III, Reba S. McClanan, J. Henry McCoy, Jr., D.D.S., and Meyera E. Oberndorf Council Members Voting Nay: None June 11, 1984 Council Members Absent: None - 26 - Item II-H.4 PLANNING ITEM # 22046 Attorney Donald H. Rhodes represented the applicant Upon motion by Councilman Heischober, seconded by Councilwoman Oberndorf, City Council ADOPTED an Ordinance upon application of VIRGINIA BEACH ASSOCIATES, a Virginia Limited Partnership for a Conditional Use Permit per the following: ORDINANCE UPON APPLLCATION OF VIRGINIA BEACH ASSOCIATES, A VIRGINIA LIMITED PARTNERSHIP, FOR A CONDITIONAL USE PERMIT FOR A 170-FOOT COMMUNICATIONS TOWER R0684641 BE IT HEREBY ORDAINED BY THE COUNCIL OF THE CITY OF VIRGINIA BEACH, VIRGINIA: Ordinance upon application of Virginia Beach Associates, a Virginia Limited Partnership for a Conditional Use Permit for a 170 foot communications tower on Parcel 12, iesub- division of Parcels 17A and 18, Expressway Business Park. Said parcel is located at 232 Business Park Drive and con- tains 42,907 square feet. BAYSIDE BOROUGH. This Ordinance shall be effective upon the date of adoption. Adopted by the Council of the City of Virginia Beach, Virginia on the Eleventh day of June, Nineteen Hundred and Eighty-four. Voting: 11-0 Council Members Voting Aye: John A. Baum, Nancy A. Creech, Harold Heischober, Vice Mayor Barbara M. Henley, H. Jack Jennings, Jr., Mayor Louis R. Jones, Robert G. Jones, W. H. Kitchin, III, Reba S. McClanan, J. Henry McCoy, Jr., D.D.S., and Meyera E. Oberndorf Council Members Voting Nay: None Council Members Absent: June 11, 1984 None - 27 - Item II-H.5 PLANNING ITEM # 22047 Upon motion by Councilman Heischober, seconded by Councilwoman Oberndorf, City Council DENIED an Ordinance upon applcation of L. L. DAVIS, Executor of the Estate of J. C. Davis in the NEWSOME FARMS TARGET AREA for a Change of Zoning per the following: ORDINANCE UPON APPLICATION OF L. L. DAVIS, EXECUTOR OF THE ESTATE OF J. C. DAVIS FOR A C @ GE OF ZONING DISTRICT CLASSIFICATION FROM R-6 to R-8 Ordinance upon application of L. L. Davis, Executor of J. C. Davis, for a Change of Zoning District Classification from R-6 Residential District to R-8 Residential District on certain property lo- cated on the south side of Daniel Smith Road be- ginning at a point 600 feet east of Newtown Road, running a distance of 223.3 feet along the south side of Daniel Smith Road, running a distance of 303.4 feet along the eastern property line, running a distance of 230 feet along the southern property line and running a distance of 303.4 feet along the western property line. Said parcel contains 1.8 acres. BAYSIDE BOROUGH. Voting: 11-0 Council Members Voting Aye: John A. Baum, Nancy A. Creech, Harold Heischober, Vice Mayor Barbara M. Henley, H. Jack Jennings, Jr., Mayor Louis R. Jones, Robert G. Jones, W. H. Kitchin, III, Reba S. McClanan, J. Henry McCoy, Jr., D.D.S., and Meyera E. Oberndorf Council Members Voting Nay: None Council Members Absent: None June 11, 1984 - 28 - Item II-H.6 PLANNING ITEM # 22048 Attorney Bruce Mills represented the applicant Upon motion by Councilman Kitchin, seconded by Councilman Jones, City Council ADOPTED an Ordinance upon application of RUDEE LOOP ASSOCIATES, a Virginia General Partnership, for a Change of Zoning per the following: ORDINANCE UPON APPLICATION OF RUDEE LOOP ASSOCIATES, A VIRGINIA GENERAL PARTNERSHIP, FOR A CHANCE OF ZONING DISTRICT CLASSIFICATION FROM B-5 TO H-2 Z0684856 BE IT HEREBY ORDAINED BY THE COUNCIL OF THE CITY OF VIRGINIA BEACH, VIRGINIA: Ordinance upon application of Rudee Loop Associates, a Virginia General Partnership, for a Change of Zoning District Classification from B-5 Resort-Commercial District to H-2 Resor@-Hotel District on certain property located on the west side of Atlantic Avenue beginning at a point 150 feet south of Third Street, running a distance of 340 feet along the west side of Atlantic Avenue, running around a curve a distance of 126 feet more or less, running a distance of 553 feet more or less along the east side of Rudee Loop, running a distance of 137 feet in a southerly direction, running a distance of 40 feet in an easterly direction, running a distance of 10 feet in a southerly direction and running a distance of 150 feet in an easterly di- rection. Said parcel contains 1.64 acres. VIRGINIA BEACH AND LYNNHAVEN BOROUGH. Prior to the changing of the official zoning maps, the following condition is required; A variable width right-of-way dedication for the proposed Rudee Bridge and improvements in accordance with the alignment on file in the City Engineer's Office. This Ordinance shall be effective upon the date of adoption. Adopted by the Council of the City of Virginia Beach, Virginia on the Eleventh day of June, Nineteen Hundred and Eighty-four. June 11, 1984 - 29 - Item II-H.6 PLANNING ITEM # 22049 (Continued) Voting: 11-0 Council Members Voting Aye: John A. Baum, Nancy A. Creech, Earold Heischober, Vice Mayor Barbara M. Henley, H. Jack Jennings, Jr., Mayor Louis R. Jones, Robert G. Jones, W. H. Kitchin, III, Reba S. McClanan, J. Henry McCoy, Jr., D.D.S., and Meyera E. Oberndorf Council Members Voting Nay: None Council Members Absent: None June 11, 1984 - 30 - Item II-H.7 PLANNING ITEM # 22050 William L. Page represented the applicant Upon motion by Councilman Heischober, seconded by Councilwoman Creech, City Council ADOPTED an Ordinance upon application of MARIE L. McALLISTER for a Change of Zoning per the following: ORDINANCE UPON APPLICATION OF MARIE L. McALLISTER FOR A CHANGE OF ZONING DISTRICT CLASSIFICATION FROM B-1 TO A-2 Z0684857 BE IT HEREBY ORDAINED BY THE COUNCIL OF THE CITY OF VIRGINIA BEACH, VIRGINIA: Ordinance upon application of Marie L. McAllister for a Change of Zoning District Classification from B-1 Resi- dential Business to A-2 Apartment District on certain property located on tbe south side of Shore Drive be- ginning at a point 84.14 feet west of Kimball Circle, running a distance of 246.09 feet along the south side of Shore Drive, running a distance of 370.14 feet along the western property line, running a distance of 250 feet more or less along the southern property line and running a distance of 395 feet along the eastern property line. Said parcel contains 2.05 acres. BAYSIDE BOROUGH. This Ordinance shall be effective upon the date of adoption. Adopted by the Council of the City of Virginia Beach, Virginia on the Eleventh day of June, Nineteen Hundred and Eighty-four. Voting: 11-0 Council Members Voting Aye: John A. Baum, Nancy A. Creech, Harold Heischober, Vice Mayor Barbara M. Henley, H. Jack Jennings, Jr., Mayor Louis R. Jones, Robert G. Jonest W. H. Kitchin, Ill, Reba S. McClanan, J. Henry McCoy, Jr., D.D.S., and Meyera E. Oberndorf Council Members Voting Nay: None Council Members Absent: None *Verbal Aye June 11, 1984 - 31 - Item II-H.8 PLANNING ITEM # 22051 Frank Butler reprsented the applicant Harry Sandler represented himself John Witcher, step-son of Harry Sandler and builder, was in attendance Lieutenant Commander Petrie, NAS OCEANA, spoke in opposition Upon motion by Councilman Kitchin, seconded by Councilwoman Oberndorf, City Council DEFERRED for one week until the City Council Meeting of June 18, 1984, an Ordinance upon application of HARRY SANDLER for a Change of Zoning as per the following: Ordinance upon application of Harry Sandler for a Change of Zoning District Classification from R-7 Residential District to A-1 Apartment District on property located at the northwest corner of 13th Street and Parks Avenue on the Southern 10 feet of Lot 16 and Lots 17, 18, 19, 20 and 21, Block 116, Lakewood. Said parcel contains 17,500 square feet. VIRGINIA BEACH BOROUGH. Voting: 11-0 Council Members Voting Aye: John A. Baum, Nancy A. Creech, Harold Heischober, Vice Mayor Barbara M. Henley, H. Jack Jennings, Jr., Mayor Louis R. Jones, Robert G. Jones, W. H. Kitchin, III, Reba S. McClanan, J. Henry McCoy, Jr., D.D.S., and Meyera E. Oberndorf Council Members Voting Nay: None Council Members Absent: None June 11, 1984 - 32 - Item II-H.9 PLANNING ITIM # 22052 "THE GREEN LINE" The following citizens spoke concerning "THE GREEN LINE" (line of separation between development and the rural area): David C. Eckhardt, President Tidewater Board of Realtors (Copy of his speech is hereby made a part of the record) Walter Vargo, President of the Council of Civic Organizations Rae H. Le Sesne , President of the Ridglea Civic League Bryan Evans, Jr., represented the Hunt Club Subdivision Wendell A. White, Tidewater Bulders Association Sam Houston, Sr., represented the elderly (photograph of flooding distributed to City Council is hereby made a part of the record) Janice Barber, represented self Bob Engesser, represented self Tom Aiken, represented self Helen W. Love, resident of Pungo Director of Planning Robert Scott explained that the PLANNING COMMISSION is the body responsible for formulating the COMPREHENSIVE PLAN and making the recommendations to the City Council. The Commission has been meeting in workshops approximately once a week to determine the various elements that will comprise the PLAN. Robert Scott outlined the series of procedures involving the COMPREHENSIVE PLAN: (1) A list of eighteen (18) key points has been formulated. (2) Citizen participation is a strong element in this formulation of the Comprehensive Plan. (3) A series of workshops will be held with residents of the various study areas. (4) The Staff will react to every comment made from the citizenry and modify, where appropriate, the draft of the PLAN. (5) More citizen comment will determine whether a second draft will be necessary for the Staff's recommendation to City Council. (6) When the Planning Commission feels an appropriate PLAN has been devised, it will be forwarded with their recommendation to City Council for disposition. (7) A PUBLTC HEARING is required before FINAL ADOPTION. June 11, 1984 - 33 - Item II-1.1-8 APPOINTMENTS ITEM # 22053 by CONSENSUS, City Council RESCHEDNED Appointments for the following: ARTS AND HUMANITIES COMMISSION EASTERN VIRGINIA HEALTH SYSTEMS AGENCY EASTERN VIRGINIA MEDICAL AUTHORITY HOUSING BOARD OF APPEALS SOCIAL SERVICES BOARD SOUTHEASTERN TIDEWATER OPPORTUNITY PROJECT (STOP) SOUTHEASTERN VIRGINIA PLANNING DISTRICT COMMISSION VOLUNTEER COUNCIL June 11, 1984 - 34 - Item II-J. I UNFINISHED BUSINESS ITEM # 22054 ADD-ON A motion was made by Councilwoman Oberndorf, seconded by Vice Mayor Henley to APPROVE the following: The City will provide LIFEGUARDS to patrol the South End of the Beach and the Franchisee (VIRGINIA BEACH PATROL, INC.) will provide rental equipment with profits to be used to offset any cost the City incurs. Voting: 2-9 (MOTION TO APPROVE LOST) Council Members Voting Aye: Vice Mayor Barbara M. Henley, and Meyera E. Oberndorf Council Members Voting Nay: John A. Baum, Nancy A. Creech, Harold Heischober, H. Jack Jennings, Jr., Mayor Louis R. Jones, Robert G. Jones, W. H. Kitchin, III, Reba S. McClanan, and J. Henry McCoy, Jr., D.D.S. June 11, 1984 - 35 - Item II-L.1 RECESS INTO EXECUTIVE SESSION ITEM # 22055 In accordance with Section 2.1-344, Code of Virginia, as amended, and upon motion by Councilman Baum, seconded by Councilwoman Creech, City Council voted to RECESS into EXECUTIVE SESSION for discussion of Personnel Matters, Publicly Held Property, Public Funds Investment, and Legal Matters, after which to adjourn. (4:55 p.m.) Voting: 11-0 Council Members Voting Aye: John A. Baumf Nancy A. Creech, Harold Heischober, Vice Mayor Barbara M. Henley, H. Jack Jennings, Jr.t Mayor Louis R. Jones, Robert G. Jones, W. H. Kitchin, III, Reba S. McClanan, J. Henry McCoy, Jr., D.D.S., and Meyera E. Oberndorf* Council Members Voting Nay: None Council Members Absent: None *Verbal Aye June 11, 1984 - 36 - Item 11-L.2 ADJOURNMENT ITEM i@, 22056 By CONSENSUS, City Council adjourned the rieeting at 6:05 p.m. t" I 17,1@ Beverly'/(Y. Hooks Deputy City Clerk Ru,fh Hodges Smi Mayor 'Louis R. nes City Clerk City of Virginia Beach Virginia /bh June 11, 1984