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HomeMy WebLinkAboutDECEMBER 19, 1983 MINUTES <Df 13@ek@" "VVORLD'S LARGEST RESORT CITY" CITY COU,4CIL M,tl'OR LOIJI.S R. JONE@S, B ... id, ti,,,,@.gb VICE-MAI'OR 13AR13ARA Al. IIENI,I-'Y. P.@g,, 13.,,,,gb 101I,V A. BAI)M, 13.,..gb ,'4ANCY I. CREE(,@ll, At L.,g@ IIAROLD IIEISCliOBER, A, L.,g@ It. JAC@IE,%',VIV(;S. JR., l@y@.h.... B@-,,gh ROBERT G. ]ONES, A, L,,,g, W@ Ii. K17CIii,%'. 111. Vilglll@,, 131.@b REIJA S. @l, (-IA,%,i N. [',i ...... A.@@ t3.,@.gb 112 (@17 Y IIALL 13VILDING J. IIEVRY @1,COI'. JR., K,.p,,itl, 8..... @gb AUNICII'AL. CEN7'ER MrYERA I;. Uii@'RN[)ORF, U L.,g, VIRGINIA BEACII, VIR(;INIA 23456 RIJTII IIOV(;ES S,@ilTil, CAIC, Ci,@ Cl,,k (8U4) 427 4303 CITY COUNCIL AGENDA Deceniber 19, 1983 ITEM 1. INFORMAL SESSION: 11:00 a.m. A. CALL TO ORDER Mayor Louis R. Jones B. ROLL CALL OF COUNCIL C. MOTION TO RECESS IN',"O INFORMAL/EXECUTIVE SESSION D. PRESENTATION/DISCUSSION OF PERTINENT MATTERS 1. Matters for discussion by Mayor. 1 2. Matters for discussion by Council. E. CITY MANACER'S ADMlt4lSTRATIVE ITEMS 1. Presentation of ExisLing and Future Water Demands. 2. Request by CBN to RESCIND Change of Zoning: Explanation by Mr. Robert Sciti-, Directir of Depart:ment @f Planiiing. 3. ]@e@iew o[ Consezit: Agenda ITEM II. FORMAL SESSION: 2:00 A. INVOCATION: Reverend Lawrence J. Reesman Ill PasLor Bayside Christian United Churcli of Christ B. PLEDGE OF ALLECIANCI,-@ TO THE FLAG OF TIIE UNITED STATES OF AMERICA C. ELECTRONIC ROLL CAL], OF COUNCIL D. MINUTES OF PREVIOUS MEETING: 1. Morion to accepL/appr,@ve Liie Nlinutes @f I)eceiiiber 12, 1983. E. RESOLUTIONS APPROVING THE ISSUANCE OF INDUSTRIAL DEVELOPMENT REVENUE BONDS TO: 1. AIP Associates ($1,750,000) 2. Act B ($I,OOO,OCIO) 3. Airp,,rt Iiidustrial Park Project ($3,000,000) 4. Arclaw Associatcs ($700,000) 5. Arrowhead A-3 Associates ($300,000) 6. Auburn Associat(.@s ($6,000,000) (By Suffolk Redevelopnient an6 liousing AuLliority) 7. Auburn Comtnercial Ventures Project ($2,250,000) 8. B. Bruce Taylor ($1,250,000) 9. Beach-Oxford Assiciates Project ($21,000,000) (By Suffolk Redevel(,pmeiit and 11,@using Auth,@rity) -10. Cherin, Jack I., D.D.S. & Lynn ti. ($282,000) 11. Codi Associates ($6,000,000) 12. Columbus Station Associates ($5,000,000) (By Hampton Re6evelopment and tiousirig Authority) 13. Commodore AssociaLes Facility ($2,000,000) 14. D & P AssociaLes ($850,000) (To ratify and confirm Council's action November 8, 1983) 15. EPCO Pembroke Associates ($300,000) 16. Furmanite A,nerica, Inc. ($1,500,000) 17. Giant Properties One ($500,000) 18. flillhaven Corporation ($3,925,000) 19. Lake Associates and Lake Associates No. 2 ($25,000,000) (By Portsmouth Redevelopment and Ilousing Auchority) 20. Richard C. Linchan ($750,000) 21. Mansards Associates ($8,000,000) (By PortsmouLh RedevelopmenL and Housing Authority) 22. M,@lave Eiiterprises, Inc. (750,000) 23. NOA Facility ($2,500,000) 24. Newnian-Seahawk Associates ($365,ooo) 25. 1984 Associates ($7,130,000) 26. 0. V. Whitc and "'. L. White Ass,@ciatLs ($450,ooo) 27. Old Donation Medical Associates ($3,500,000) 28. Parker Road Associates ($765,000) 29. Peinbroke Soutli Ass,,ciates ($10,000,000) 30. Pungo West Associates ($800,000) 31. RARK Ass,,ciates ($346,000) 32. Rosso & Mastracco, Inc. ($1,000,000) 33. Runniiigton ExecuLive Building Associates ($1,668,180) 34. Rose Hall Village Shops ($3,500,000) 35. South Court Associates ($1,400,000) 36. 3600 Pacific AssociaLes ($1,000,000) 37. War6 Avenue Associates ($550,000) 38. Snyder EnLerpriscs ($1,150,000) (Modificatioii) 39. S & It Compa@ay ($5,064,250) 40. IIPS Associates (formerly Satellite SySLerns Corporation) ($550,000) F. CONSENT AGENDA All malters listed under tlie C,@nsent Agenda are considereci in the ordinary coursc of business by City C,@uncil an(i will be enacted by @ne motlon in the form listed. There will be no separaLe ciiscussiin of these items. If 6iscussion is desired, that item will be renioved from tlie Consent Agenda anci considered separaLely. 1. Resolution autt@orizing tlie CiLy Manager to execute an Agreement betwecn the Department of Military Affairs and the City of Virginia Beach. 2. Resolution authorizing the Enlargement or Extension @f the Nonconforming Use and Structure located at 2408 Pacific Avenue, owned by Rowden Earl MidgeLt, 111. 3. Ordinance authorizing thc Executor of the EstaLe of Jesse W. Drcw to Transfer Assets to the Virginia Beach Public Library Endowment Foundation. 4. Ordinance to Transfer Funds of $23,000 from thc General Fund Rcserve for C,,n,ingencies for a K-9 Facility. 5. Ordinance authorizing the City Manager Lo execute a Commitment Agreement concerning the Urban Preservation and Infill Program. 6. Ordinance Lo authorize a temporary encroachment into a porti,iii of the riglit-of-way of River Roa6 and certain City ,@wne(i property located at the inlersection of FaLcon Crescciit and River Road to Mr. Robert L. La,npros, his lieirs, assigiis and succ.ess,@rs in title. 7. Low Bid k@f Ifiggerson-Buchanan, Inc., in the aniount of $146,233, for t'tic Sandbridge Road Realignment (CIP 2-974); AND, aulhorize Lhe City Manager to cnter iilto the riecessary agreements for the implementation of the project. 8. Bingo/Raffle: Creen Run Marching Stallions Parent Association / Saint Matthews Catholic Chui@ch / Men's Club of Saint Gregory Catholic Church / Marching Cavaliers Parents Association Old Dominion Aquatic Club Chesapeake Bay SkaLing Club Plaza Little League, Inc. Aragona Pembroke Little League Veterans of Foreign Wars Post #392 Church ,@f the Ascensi,@n / Virginia Beach Skating Club Aragina Community Recreation Center, Inc. Kehillat Bet Hamiirash Synagogue / Lo)al Order of Moose Arag,,na Village Lodge #1198 / licbrew Acadeiny of Tidewater Star of thc Sea School Bingo: l@nights 6f Coluinbus 4632 / Diamond Springs Gardenwo,@6 Park Civic Leag,ic / liampton R,@a6s Y,,uth liockcy Associatioil, Inc. / Plaza Drill Team Raffle: Back Bay Wildfowl Guild, Inc. / Virginia Beacil Moose Lodge #1998 Loyal Order of Moose / Poseidia InstiLute, Inc. / James K. Cole Memorial Scholarship Fund, Ltd. / Virginia Beach Astros / 9. CerLificate of Public Convenience and Necessity: D. W. Bell PLANNING 1. Application of Woods Green Run 11 for a modif@ication to the Land Use Plan @.or Green Run Phase V to include townhouses ana apartmenL/c,@ndominiums @n 130.084 acres I,,cated at the northwest corner if Roseiyiont Road and Buckner Boulevard (Kempsville an6 Princess Anne Boroughs). The applicant wishes to develop 143 townliouse units on Parcel B-5-B (11.9 acres) and 384 apartinents/cc)ndominium,@- on Parcel B-5-C (13.7 acres). (Tliis ite@n was deferre(i @n Novembcr 28, 1983.) a. Letter fr,,m Llie City Manager transmits the recomniciidation of the Planning Commission for approval with inodifications. 2. Application of John V. Hanks, Jr. fc,r a Variance to Section 4.4 (b) of the Subdivision Ordinance which requires that imensions iot a conform to the Comprehensive Zoning Ordinance. He aishes to sub6ivide a nine-acre parcel into two 1,@ts, oiie of which will be in a "f lag lot" configuratioii. This property is 1,@cated on Llic west side of Blackwater Road, siulh ,f Old Carolina Lane (Blackwater Borough). a. Letter fr@)m the City Manager transmits the recommendation of tlie Planning Commissiin for approval. 3. Application of W. B. Meredith, 11, for a Variance to Section 4.1 (a) of Lhe Subdivision Ordinance which requires that street arrangemenr, character, et cetera citiform to tlie Comprehensive Plan. The applicant wishes to subdivide a tract of land located 630 feet tiorth of Laskin Road, 350 east of Victor Road with a proposed roadway alignment iincompatible wilh the Master Street and Highway Plan (I.ynnhaven Borough). a. Letter f r@,rn the City Manager transn,its Lhc recoiDmendation of the Planning Comihission for denial. 4. Application of Jimmie A. Koch for a conditional use permit for thirteen ad(ii.Lional hitel units "n a 14,000-square foot parcel I,,cated it the n,,rthwest corner @f Atlancic Avenue and 37rli Street (Virginia Beach Borough). (Tlis item was deferred on December 5, 1983). a. Letter f rcrn the City Manager transmits the recommcndaLion of tlie Planning Commissi,@n for ival- 5. Application of D & P Associates for a conditional use permit for a 51-unit home for adults on a 1.95 acre parcel locaced alorig tlie ii,@rth side of Newtown Roaci, west of Br,@ad Meadows Boulevard (Bayside Borough). a. Letter fr(,m the City Mana,.,er transmits the recouimendation of the Planning Commission for approval. 6. Applicati,@n of William J. and Ruth Virginia Kennedy for a change of zonin? rom AC-2 Agricultural District to R-5 Residential District on a 1.15-acre parcel located along the east side of Oceana Boulevard, soutli of Culver Lane (Princess Anne Borougb). a. Letrer fr,,m rhe CiLy Manager Lrans@Tiits the recominendation of tlie Planiiing Goinmissiin f,@r approval. 7. Application of Lakeside Construction Corporation for a change of zoninFF from AG-1 Agricultural District Lo R-6 Residential District ,n a 17.7-acre parcel located east of the s,,utherii rcr.Tiinus of Red Mill B,@ulevard (Princess Anne Borough). a. Letter fr,,m the City Manager transmils the recommendation of thc Planning C,@mmission for approval. 8. Application of R. C. Moore Building Corporation for a Variance to Section 4.4 (b) of the Subdivision Ordinance which requires tiiat lot diinerisions conf,,rm to tlie C,imprehensive Zcning Ordinance. The applicant requests subciivisi,@n of Llie Sajo Farm (six if the proposeci lots with tlie R-1 zoned area utilizin@, f I.ot-I.,it cinfiguration) (Baysi(ie Bor,,ugh). a. Letter f r,,@n the city Manager Lransmits che rec,,mmendation of the Plannitig Commission f,,r approval. 9. Applications of R. G. Moore Building Corporation for changes of zoning from @-6 Residential District ti PD-H2 Planned Unit Development DistricL on certain property located North of Elbow R,,ad, est si(je of Salem R,@aci, (Kempsville Borough); AND, From R-6 Residential District ti P-1 Preservation District on cerlain property west of Salem Road, North of Elbow Road, a. Letter f r(,m the City Manager Lransmits the recommendation of the Planning Commission for approval. 10. Application of P. G. Moore Building Corporation for a change of zoning from 1-2 Heavy Industrial District to B-4 Resort- "@mmercial District on two parcels, totalling 53 acres, located at the northeast and southeasl intersections of 30th Bay Street ani Occan,@graphy Road (Bayside Borough). (Tllis iteifl was defcrred for one week December 12, 1983.) a. Letter fr,,m thc City Manager transmits the recommendation of the Planning Comntission for denial. 11. Application of -Rick Ministries, 1- for changes of zoning on four sitcs situated along the south side of Indian River Road, wesl of West Neck Road (Princess Anne Borough): AG-2 Agricultural District to R-1 Residential DistricL on a parcel containing 15.73 a,,:@s; AND, AG-1 Agricultural District to B-2 Co=unity-Business District on a parcel containing 15.53 acres; AND, AG-1 Agricultural District L,@ H-1 liotel District on a parcel containing 15.237 acres; AND, AG-1 Agricultural District to R-1 Residential District on a parcel containing 22.147 acres. a. Letters fr,@m the City Manager transmits the recommendarions of tlie Plannin., Commission for denial. 12. Applications of Rock Ministries, Inc. fir conditional use permits on SiLes located on alonthe i;outli side of Indian River Road, west of West Neck Road, (Princess Anne Borough): For College anct University Housing, on a parcel c,@ntaining 142.77 acres; AND, Automobile Service Station, in a parcel containing 15.55 acres; AND, Church and related facilities, retirement village, university wi.th heliport, recreational facilities, campground and - outdoor amphitheater, on parcels c,@ntaining 178.04 acres. a. Letters from Lhe City @lanager transmils the recommendations of tlie Planning Ciinmission for denial. 11. UNFINISHED BUSINESS 1. Resolutioii authoriziiig ,ne-half ciay off Friday, December 23, 1983, as a Holiday. 2. Or6inance amenciing compensation of Mayor and Council Members. 1. NEW BUSINESS 1. Ordinance alitliorizing the City Manager to execute the contract for water storage space in John B. Kerr Resevoir. 2. Ordinance RESCINDING Zoning change for CBN 3. Scott & Company - dedication for Hilltop Loop Project. 4. Public UtiliLies Small Line Improvements C,@ntract No. 6 City Manager recommends second low bidder. J. ADJOURNMENT: 1. Motion to Adjourn. C A N C E L L E D City Council Meeting December 26, 1983 City Council Meeting January 2, 1984 M I N U T E S VIRGINIA BEACH CITY COUNCIL Virginia Beach, Virginia December 19, 1983 The Regular Meeting of the Council of the City of Virginia Beach, Virginia was called to order by @layor Louis R. Jones in the Conference Room, City Hall Building, on l@onday, December 19, 1983, at Eleven O'Clock in the morning. Council Members Present: John A. Baum, Nancy A. Creech, Harold Heischober, Vice Mayor Barbara M. Henley, 'J. Jack Jennings, Jr., Mayor Louis R. Jones,, Robert G. Jones, W. H. Kitchin, TII, Reba S. YcClanan, and Meyera E. Oberndorf Council Members Absent: J. Iienry McCoy, Jr., D.D.S. Note: Councilman YcCoy entered the meeting at 11:17 a.m. December 19, 1983 -2- ITEM # 21125 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, thereafter to reconvene for the remainder of the INFORMAL SESSION. 1. PERSONNEL MATTERS: Discussion or consideration of employment, assignment, appointment, promotion, performance, demotion, salaries, disciplining or resignation of public officers, appointees or employees. 2. 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 Councilwoman McClanan, City Council voted to proceed into the EXECUTIVE SESSION following the INFORMAL SESSION. Voting: 10-0 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, and Meyera E. Oberndorf Council Members Voting Nay: None Council Members Absent: J. Henry McCoy, Jr., D.D.S. December 19, 1983 - 3 M A T T E R S B Y T H E C I T Y M A N A G E R WATER DEMANDS (EXISTING AND FUTURE) ITEM # 21126 In accordance with Council's request, Director of Public Utilities Aubrey Watts presented data (which included graphic charts) regarding existing and future water demands. Mr. Watts stated the data gathered was based on experiences in the past nine years and was to be considered as only a preliminary report. Substantial work was performed regarding projection of water demand. He commented the water supply issue was affected by varying conditions in a system; i.e., at this time, over 85% of the water supply is directly connected to the amount of rainfall and runoff conditions. Two graphic charts were shown which depicted the present water demand and the future projections. Historical demand in the City's system indicated several different things. In 1976, the City had approximately 44,000 connections to its system and were utilizing approximately 18 millions gallons of water per day. At the end of fiscal year 1984, the City has projected there will be approximately 79,000 connections, and approximately 23 million gallons of water per day will be utilized (on an average basis). Mr. Watts recalled the drought of 1980-1981, when water conservation restrictions were imposed. During this period of time, the City had approximately an 80% increase in the number of accounts being served by the utilities but only approximately 30% increased actual water (in gallons) being utilized. That was directly attributable to the City's Conservation Program and the modifications which were made to the Plwnbing Code in 1977. This information was used to project future requirements due to the City's growth. Over the last nine years, the City has had several occurrences which affected the amount of water that would be consumed in future years. The statistics being used were based on the number of meters, or connections, to the City's system. Mr. Watts defined "safe yield" as a projection of what a system is able to supply over a certain period of time at a constant rate under certain defined assLmptions, or risks. The "Prudent Management" approach was defined as reducing the water level in lakes, rivers, etc. to take care of unusual situations. Mr. Watts called attention to the fact that the bottom 20% of the majority of lakes is not usable due to: (1) the types of pumps and intake structures necessary and (2) severe water treatment and water quality problems. If, in fact, this route were taken, it would be known as "zero risk, with storage depleted" (actual depletion of the reservoir). During the 1980-1981 drought, Virginia Beach constructed, and paid for, five emergency wells. A chart entitled "Norfolk Water Supply with Emergency Wells" was shown. Mr. Watts stated that, according to the chart, the City's system is adequate through 1986, depending upon growth. It was his interpretation, from the chart, that during 1989 through 1991, the City will encounter system delivery problems. He stated that because of this indication of such an extremely serious situation, it is absolutely vital that the City proceed with its water resource project in the most timely manner possible. The emergency wells have a gross capacity of 20 million gallons of water per day. According to Mr. Watts, the real test of the capability of the wells would be when all of them are running. To date, they have not been tested under these conditions. December 19, 1983 - 4 - M A T T E R S B Y T H E C I T Y M A N A G E R WATER DEMANDS (EXISTING AND FUTURE) ITEM #21126 (continued) Mr. Watts advised Council that a hydrology firm had been retained by the City which performs an annual update of the capacity/capability of the wells. Council requested an in-depth report on the subject matter as soon as possible. Council expressed an interest in a survey which would indicate "why" people are coming to Virginia Beach. It was felt that such a survey would aid in a more sophisticated plan of coping with the utility demands of the City in the future. CHRISTIAN BROADCASTING NETWORK (CBN)/COZ ITEM # 21127 CBN has requested that a Change of Zoning be rescinded (in action taken by Council January 10, 1977, in the name of Centerville Associates, Item #10354 of the Minutes). City Manager Muehlenbeck requested Robert Scott, Director of Planning, make a presentation to Council in the way of clarification on the subject matter (see Formal Agenda this date). Mr. Scott stated that on January 10, 1977, City Council granted a rezoning to Centerville Turnpike Associates on certain property in the vicinity of Centerville Turnpike and Interstate 64. The rezoning was from R-8 to I-1. Council adopted it subject to two conditions: (1) dedication of a right-of-way and (2) dedication of an easement. These requirements have not been fulfilled yet. Mr. Scott commented that, as with other zonings of that type, the City has not changed the zoning maps yet; consequently, the zoning still indicates R-8 on this property. However, as soon as the applicant meets these two requirements it will be changed to 1-1. Last month, CBN, who has, since that time, acquired the property has applied for a Conditional Use Permit on the property for student housing. That is an allowed conditional use in the R-8 District which the property is now zoned, but it is not an allowable use in the 1- 1 District, for which it had been zoned, subject to conditions. Mr. Scott stated that the Planning Department would recommend to Council basically the same conditions for approval of the Use Permit as it did for the rezoning. Therefore, once the applicant meets the conditions, the property will revert to I-I which is no longer the desired intent of the current property owners. The Planning Commission acted on this item last week and the Use Permit will be placed on Council's agenda in the next few weeks. Mr. Scott pointed out that the request in question this date was only on Parcel 3 (which was indicated on the map Mr. Scott used in discussing the matter) to rescind the action of January 10, 1977 and leave the property zoned R-8. This represented the desire of the current owners. It would make them eligible for the Conditional Use Permit for which they have applied. Discussion. It was the consensus of Council that a time limitation should be set for an applicant to meet specified conditions. The Staff was directed to make reconmendations in this regard. December 19 1 83 - 5 - RECESS INTO EXECUTIVE SESSION ITEM # 21128 City Council recessed into EXECUTIVE SESSION at One O'Clock in the afternoon. December 19, 1983 6 RECONVENED FOR INFORMAL SESSION ITEM 21129 Council reconvened for the INFORMAL SESSION at One Twenty-Five in the afternoon. INDUSTRIAL DEVELOPMENT REVENUE BONDS ITEM 21130 Councilman Jennings requested that Items II-E.6 9, 12, 19 and 21, dealing with Industrial Development Revenue Bonds, (on ;he Formal Agenda) be voted upon separately. REVIEW OF CONSENT AGENDA ITEM # 21131 City Manager Muehlenbeck requested that Item 11-F.9 of the Consent Agenda (Formal Session) ("Certificate of Public Convenience and Necessity: D. W. Bell) be deferred indefinitely. Discussion was held on Item II-F.3 of the Consent Agenda (regarding transfer of assets to the City's Public Library Endowment Foundation). This item was vote upon separately. December 19, 1983 - 7 - F 0 R M A L S E S S I 0 N VIRGINIA BEACH CITY COUNCIL Virginia Beach, Virginia December 19, 1983 2:15 p.m. Council Members Present: John A. Baum, Nancy A. Creech, Rarold Heischober, Vice Mayor Barbara M. Henley, H. Jack Jennings, Jr., Mayor Louis R. Jones, Robert G. Jones, W. H. Kitchin, Ill, Reba S. McClanan, J. Henry McCoy, Jr., D.D.S., and Meyera E. Oberndorf Council Members Absent: None INVOCATION: Reverend Lawrence J. Reesman, III Pastor Bayside Christian United Church of Christ PLEDGE OF ALLEGIANCE TO THE FLAG OF THE UNITED STATES OF AMERICA December 19, 1983 8 Item 11-D.1 MINUTES ITEM 21132 Upon motion by Councilman Heischober, seconded by Councilman Jennings, City Council APPROVED the Minutes of December 12, 1983, with a correction as follows: On page 31, Item # 21105, regarding a Change of Zoning request by TIDEWATER INVESTMENTS PROPERTIES, INC., the motion read: "Upon motion by Councilman Heischober, seconded by Councilwoman Creech, City Council ADOPTED an Ordinance upon application of TIDEWATER INVESTMENTS PROPERTIES, INC. for a Change of Zoning per the following." CORRECTION AS FOLLOWS: "Upon motion by Councilman Heischober, seconded by Councilwoman Creech, City Council ADOPTED an Ordinance upon application of TIDEWATER INVESTMENTS PROPERTIES, INC. for a Change of Zoning, subject to legal documentation limiting the rezoning to ninety (90) dwelling units, per the following." 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 Verbal aye. December 19, 1983 9 Item II-E. RESOLUTIONS ITEM 21133 Upon motion by Councilman Heischober, seconded by Councilwoman Creech, City Council ADOPTED Items I through 40, except Ttems 6, 9, 12, 19 and 21 (which were voted upon separately) of the RESOLUTIONS TSSUING INDUSTRIAL DEVELOPMENT REVENUE BONDS as follows: AIP ASSOCIATES ($1,750,000) ACT B ($1,000,000) AIRPORT INDUSTRIAL PARK PROJECT ($3,000,000) ARCLAW ASSOCIATES ($ 700,000) ARROWHEAD A-3 ASSOCIATES ($ 300,000) AUBURN COMMERCIAL VENTURES PROJECT ($2,250,000) B. BRUCE TAYLOR ($1,250,000) CRERTN, JACK I., D.D.S. AND LYNN H. ($ 282,000) CODI ASSOCIATES ($6,000,000) COMMODORE ASSOCIATES FACILITY ($2,000,000) D & P ASSOCIATES (to ratify and confirm Council's action November 8, 1983) ($ 850,000) EPCO PIMBROKE ASSOCIATES ($ 300,000) FURMANITE AMERICA, INC. ($1,500,000) GIANT PROPERTIES ONE ($ 500,000) HILLHAVEN CORPORATION ($3,925,000) RICHARD C. LINERAN ($ 750,000) MOLAVE ENTERPRISES, INC. ($ 750,000) NOA FACILITY ($2,500,000) NEWMAN-SEAHAWK ASSOCIATES ($ 365,000) 1984 ASSOCIATES ($7,130,000) 0. V. WHITE AND C. L. WHITE ASSOCIATES ($ 450,000) OLD DONATTON MEDICAL ASSOCIATES ($3,500,000) PARKER ROAD ASSOCIATES ($ 765,000) PEMBROKE SOTJTH ASSOCIATES ($10,000,000) PUNGO WEST ASSOCLATES ($ 800,000) RARK ASSOCIATES ($ 346,000) ROSSO AND MASTRACCO, INC. ($1,000,000) RUNNINGTON EXECUTTVE BUILDING ASSOCIATES ($1,668,180) ROSE HALL VTLLAGE SHOPS ($3,500,000) SOUTR COURT ASSOCIATES ($1,400,000) 3600 PACTFIC ASSOCLATES ($1,000,000) WARD AVENUE ASSOCIATES ($ 550,000) SNYDER ENTERPRISES (Modification) ($1,150,000) S & E COMPANY ($5,064,250) HPS ASSOCIATES (formerly Satellite Systems Corporation) ($ 550,000) Voting: 10-1 Council Members Voting Aye: John A. Baum, Nancy A. Creech, Harold Heischober, Vice Mayor Barbara M. Henley, 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: H. Jack Jennings, Jr. Council Members Absent: None December 19, 1983 - 10 - Item II-E. RESOLUTIONS ITEM # 21134 Upon motion by Councilman McCoy, seconded by Councilwoman Creech, City Council ADOPTED Items 6, 9, 12, 19 and 21 of the RESOLUTIONS ISSUING INDUSTRIAL DEVELOPMENT REVENUE BONDS as follows: AUBURN ASSOCIATES (by Suffolk Redevelopment and Housing Authority) ($6,000,000) BEACH-OXFORD ASSOCIATES PROJECT (by Suffolk Redevelopment and Housing Authority) ($21,000,000) COLUMBUS STATION ASSOCIATES (by Hampton Redevelopment and Housing Authority) ($5,000,000) LAKE ASSOCIATES AND LAKE ASSOCIATES NO. 2 (by Portsmouth Redevelopment and Housing Authority) ($25,000,000) MANSARDS ASSOCIATES ($8,000,000) 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 December 19, 1983 SIJMMARY MiFT@"I' (',I'I'Y OF VfliGINTA BP:/\Cii DFVT',T,OPtW@N'I' All'I'llOTil'I'Y F@IDIJ"T'RIAI, DT-!V@IT,OP@IFN'p RT.,Vi@NUt' ROND PRO,TECq' NAMF: AIP Associates, a Virginia general partnership PROJECT LOCATION: 4 acres adjacent to Air Rail Avenue in Airport Industrial Park Expansion in Virginia Beach, Virginia Dll,';@,RTPTION OF PRO,TT-,CT: 'Fhree Feparate building,, containing g.pproximately 15,000, 15,000 and 10,000 square feet, r(-,spectively, of wir(-,hoii@e FT),g,re, to be lensed to small businesses for warehouse and distribution facilities AMOTJPT'I' OF IIOND(@;) $1,750,000 TIRIN(@Til/\T.-,: Gn.ry 13. Rijffner T@l';CAL IMI'A(,'I' FOP Pliol'o@;l@:1) TNDTJ';'PI?TAI, lil@VT@I.NTTF, BOND l@TNANCIN(', DATF: November 11, 1983 'I@0: '['he (@ity (,oi)ncil of Virf,,inia Beach, VirtTinia PROJECT NAME: AIP Associates TYPF OF FACTLITY: Warehouse for small businesses 1. Maximum tmount of financing sought $ 1,750,000 P. Estimated taxable value of the Facility's real property to be constriicted in the munic!T)ality $ l@,700,000 3. Fstimated real property tax per ye,,tr ii-!nF, present tax rates $ i3,6oo )4. Estimated personal property tax per year using present tax rates $ 2,500 5. Fstimated merchants' capital tax per year using present tax rates $ none 6. dollir v,,ilue p(-'r yeir of' f@on(i@, Ind thLt will be T)iirchased locally $ 6o,ooo 7. Estimated number of regular emT)loyees on a year round basis none 9. Average annual salary per employee $ 15,000 The information contained in tbis Statement is based solely on facts and estimates provided by the Applicant, and the Authority has made no independent investitation with respect thereto. CTTY OF VIRGINIA BEACH T)EVFT@OPMENT AtJTIiOTRTY By Chairman A meeting of the Council of the City of Virginia Beach, Virginia, was held in the Council Chambers, in the Administration Building, on tbe 19th day of December, 1983. On motion by and seconded by the following Resolution was adopted. RESOLUTION APPROVING THE TSSUANCE OF INDUSTRIAL DEVELOPMENT REVENUE BONDS (AIP Associates Facility) WHEREAS, the City of Virginia Beach Development Authority (the "Authority"), has considered the application of ATP Associates, a Virginia general partnership, (the "Company") for the issuance of the Authority's industrial development revenue bonds in an amount not to exceed $1,750,000 (the "Bonds") to assist in the financing of the Company's acquisition of a certain parcel of land located adjacent to Air Rail Avenue in the Airport Industrial Park Expansion in Virginia Beach, Virginia, and to construct and equip thereon three separate buildings containing 15,000, 15,000 and 10,000 square feet, respectively, of warehouse space to be leased to small businesses needing warehouse and distribution facilities (the "Facility") and has beld a public hearing tbereon on 13th day of December, 1983; and WHEREAS, the Authority has requested the City Council (the "Council") of Virginia Beach, Virginia, (the "City") to approve the issuance of the Bonds to comply with SS 103 (k) of the Internal Revenue Co(in of a@ ,imended; and WliEliPA"', a copy of the Authority's re@ollition tt)proving of@ thp, Bond-,, sub,ject. to termg to be aflree-d Ipon, and I ,i record of the pub ic hearing has been filed with the Clerk of the Council; fill! 11[, f@j@,,@OIIVFD BY TIIE CITY CC)UNCTL OF 't'Hip, (,T'I'Y OF VIRGINIA 1111,A If, VIRGTNIA: 1. The Council of the City of Virginia Beach, Virginia, apT)roves the issuance of the Bonds by the City of Virginia Beach Development Authority for the benefit of AIP Associates to the extent of and as required by Section 103 (k) of the Internal Revenue Code of 1954, as amended, to permit the Authority to assist in the financing of the Facility. 2. The approval of the issuance of the Bonds, as required by SS 103 (k) does not constitute an endorsement of the Bonds or the creditworthiness of the Company, but, pursuant to Chapter 643 of the Acts of Assembly of Virginia of 1964, as amended, the Bonds shall provide that neither the City nor the Authority shall be obligated to pay the Bonds or the interest thereon or other costs incident thE,,reto except from the revenues and moneys pledged therefor, and neither the faith or credit nor the taxing power of the Cormonwealth, the City or the Authority shall be pledged thereto. 3. This Resolution shall take effect immediately upon it- adoption. Adopted by the Council of the City of Virginia Beach, Virginia, on the lgth day of Decernber, 1983. - 2 SUMMARY SHEET CITY OF VIRGINIA BEACH DEVELOPMENT AUTHORITY INDUSTRIAL DEVELOPMENT REVENUE BOND Project Name: ACT B, A VIRGINIA GENERAL PARTNERSHIP Project Location: TO BE LOCATED ON APPROXIMATELY 1.7 ACRES OF LAND COAIMONLY KNOWN AS 2961 SHORE DRIVE, VIRGINIA BEACTI, VIRGINIA Description of Pro.iect: AN 18,000 SQUARE FOOT COMAIERCIAL AND RETAIL SHOPPING CENTER FOR THE PUBLIC ORIENTED TOWARD THE ATTRACTION OF TOURISTS AND THE RESORT TRADE Amount of Bond(s): $1,000,000.00 Principals: THOMAS C. KYRIJS, CHARLES W. CASHMAN, JULIAN A. ABSALON AND OWEN B. PICKETT II.C.32.C FISCAL IMPACT STATEMENT FOR PROPOSED INDUSTRIAL REVENUE BOND FINANCING DATE: DECEMBR 13, 1983 TO: THE CITY COUNCIL OF VIRGINIA BEACH, VIRGINIA PROJECT NAME: ACT B, A VIRGINIA GENERAL PARTNERSHIP TYPE OF FACILITY: A COMMERCIAL AND RETAIL SHOPPING CENTER 1. Maximum amount of financing sought $1,000,000.00 2. Estimated taxable value of the facility's $1,000,000.00 real property to be constructed in the municipality 3. Estimated real property tax per year using $ 8,000.00 present tax rates 4. Estimated personal property tax per year $ 12,000.00 using present tax rates 5. Estimated merchants' capital (business license) $ 27,000.00 tax per year using present tax rates 6. Estimated dollar value per year of goc>ds $600,000.00 and services that will be purchased locally 7. Estimated number of regular employees on $ 60 year round basis 8. Average annual salary per employee $ 14,000.00 The information contained in this Statement is based solely on facts and estimates provided by the Applicant, and the Authority has made no independent investigation with respect thereto. City of Virginia Beach Development By Chairman ll.B.1t.C RESOLUTION APPROVING THE ISSUANCE OF INDUSTRIAL DEVELOPMENT REVENUE BONDS FOR ACT B, A VIRGINIA GENERAL PARTNERSHIP WHEREAS, the City of Virginia Beach Development Authority (the "Authority") has considered the application and plan of financing of Act B, a Virginia general partnership (the "Company") for the issuance of the Authority's industrial development revenue bonds in an amount esti- mated at One Million Dollars ($1,000,000-00) (the "Bonds") to assist in the financing of the Company's construction and equipping of a commer- cial and retail shopping center for the public (the "Facility") located on approximately 1.7 acres of land commonly known as 2961 Shore Drive, Virginia Beach, Virginia, and has held a public hearing thereon on December 13, t983; and WHEREAS, the Authority has requested the City Council (the "Council") of Virginia Beach, Virginia (the "City") to approve the issuance of the Bonds to comply with Section 103(k) of the Internal Revenue Code of 1954, as amended; and WHEREAS, pursuant to Section 15.1-1378.1 Code of Virginia, 1950, as amended, a copy of the Authority's Resolution approving the issuance of the Bonds, subject to terms to be agreed upon, and a reaso- nably detailed summary of the comments expressed at the public hearing, if any, hrve been filed with the Council of the City of Virginia Beach, Virginia; TfIEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF VIRGINIA BEACH, VIRGINIA: 1. The Council of the City of Virginia Beach, Virginia, appro- ves the issuance of the Bonds by the City of VirginiFt Beach Development Authority for the benefit of Act B, a Virginia general partnership to the extent of and as required by Section 103(k) of the Internal Revenue Code, to permit the Authority to assist in the financing of the Facility. 2. The approval of the issuance of the Bonds, as required by Section 103(k), does not constitute an endorsement of the Bonds or the creditworthiness of the Company; but, pursuant to Chapter 643, Virginia -1- Acts of Assembly of 1964, as amended, the Bonds shall provide that neither the City nor the Authority shall be obligated to pay the Bonds or the interest thereon or other costs incident thereto except from the revenues and monies pledged therefore, and neither the faith or credit nor the taxing power of the Commonwealth, the City or the Authority shall be pledged thereto. 3. This Resolution shall take effect immediately upon its a(ioption. ADOPTED by a majority of a quorum of the Council of the City of Virginia Beach, Virginia on December 19, 1983. ii.C.29.C -2- SUMMARY SHEET CITY OF VIRGINIA BEACH DEVELOPMENT AUTHORITY INDUSTRIAL DEVELOPMENT REVENUE BOND Project Name: Airport Industrial Park Project Location: 50 Acre Parcel located in the City of virginia Beach, Virginia, on Air Rail Avenue adjacent to Norfolk International Airport Description of Project: Industrial Park Facility Amount of Bond Issue: $3,000,000.00 Principal: City of Virginia Beach Development Authority FISCAL IMPACT STATEMENT FOR PROPOSED INDUSTRIAL REVENUE BOND FINANCING DATE: December 13, 1983 TO: THE CITY COUNCIL OF VIRGINIA BEACH, VIRGINIA PROJECT NAME: Airport Industrial Park Project TYPE OF FACILITY: Industrial Park Facility 1. Maximum amount of financing sought $ 3,000,000.00 2. Estimated taxable value of the facility's real property to be constructed in the municipality $ 30,000,000.00 3. EStimated real property tax per year using present tax rates $ 240,000.00 4. Estimated personal property tax per year using present tax rates $ 32,500.00 5. Estimated merchants' capital (business license) tax per year using present tax rates $ Unknown 6. Estimated dollar value per year of goods and services that will be purchased locally $ 780,000.00 7. Estimated number of regular employees on year round basis 250 - 350 8. Average annual salary per employee $ 14,000.00 The information contained in this Statement is based solely on facts and estimates provided by the Applicant, and the Authority has made no independent investigation with repect thereto. City of Virginia Beach Development Authority By Chairman RESOLUTION APPROVING THE ISSUANCE OF INDUSTRIAL PARK NOTE FOR CITY OF VIRGINIA BEACH DEVELOPMENT AUTHORITY WHEREAS, the City of Virginia Beach Development Authority (the Authority) has considered the application of the City of Virginia Beach Development Authority (the Company) for the issuance of the Authority's industrial development revenue bonds in an amount not to exceed $3,000,000 (the Note) to finance the Company's acquisition and improvement of an industrial park facility (the Facility) to be located at Air Rail Avenue adjacent to the Norfolk International Airport in the City of Virginia Beach, Virginia, and has held a public hearing thereon on December 13, 1983; and WHEREAS, the Authority has requested the City Council (the Council) of Virginia Beach, Virginia (the City), to approve the issuance of the Note to comply with Section 103(k) of the Internal Reve@ue Code of 1954, as amended; and WHEREAS, pursuant to 515.1-1378.1, Code of Virginia, 1950, as amended, a copy of the Authority's resolution approving the issuance of the Note, subject to terms to be agreed upon, and a reasonably detailed summary of the comments expressed at the public hearing, if any, have been filed with the Council of the City of Virginia Beach, Virginia; THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF VIRGINIA BEACH, VIRGINIA: 1. The Council of the City of Virginia Beach, Virginia, approves the issuance of the Note by the City of Virginia Beach Development Authority for the benefit of City of Virginia Beach Development Authority, to the extent of and as required by Section 103(k) of the Internal Revenue Code, to permit the Authority to assist in the financing of the Facility. 2. The approval of the [plan of financing] [issuance of the Bonds], as required by Section 103(k), does not constitute an endorsement of the Bonds or the creditworthiness of the Company; but, pursuant to Chapter 643, Virginia Acts of Assembly of 1964, as amended, the Bonds shall provide that neither the City nor the Authority shall be obligated to pay the Bonds or the interest thereon or other costs incident thereto except from the revenues and moneys pledged therefor, and neither the faith or credit nor the taxing power of the Commonwealth, the City, or the Authority shall be pledged thereto. 3. This Resolution shall take effect immediately upon its adoption. Adopted by a majority of a quorum of the Council of the City of Virginia Beach, Virginia, on 1983. CMS/CJ/da 12/14/83 SUMMARY SHEET CITY OF VIRGINIA BEACH DEVELOPMENT AUTHORITY INDUSTRIAL DEVELOPMENT REVENUE BOND Project Name: Arclaw Associates, a Virginia general partnership Project Location: 209 Business Park Drive, Virginia Beach, Virginia Description of Project: Office Building Amount of Bond(s): $700,000.00 Principals: Gary D. McMahan Stuart H. Held George A. Christie Dan H. Brockwell William H. Hargrove, III George M. Whitfield C. Richard Peters FISCAL IMPACT STATEMENT FOR PROPOSED INDUSTRIAL REVENUE BOND FINANCING DATE: TO: THE CITY COUNCIL OF VIRGINIA BEACH, VIRGINIA PROJECT NAME: ARCLAW ASSOCIATES TYPE OF FACILITY: OFFICE BUILDING 1. Maximum amount of financing sought $ 700,000 2. Estimated taxable value of the facility's real property to be constructed in the municipality $ 750,000 3. Estimated real property tax per year using present tax rates $ 5,200 4. Estimated personal property tax per year usifig present tax rates $ 4,000 5. Estimated merchants' capital (business $ 6,000 license) tax per year using present tax rates 6. Estimated dollar value per year of goods and services that will be purchased locally -0- 7. Estimated number of regular employees on year round basis 60 8. Average annual salary per employee $ 18,000 The information contained in this statement is based solely on facts and estimates provided by the Applicant, and the Authority has made no independent investigation with respect thereto. City of Virginia Beach Development Authority By Chairman RESOLUTION APPROVING THE (PLAN OF FINANCING OF) (ISSUANCE OF INDUSTRIAL DEVELOPMENT REVENUE BONDS FOR) ARCLAW ASSOCIATES, A VIRGINIA GENERAL PARTNERSHIP WHEREAS, the City of Virginia Beach Development Authority (the Authority) has considered the application (and plan of financing) of Arclaw Associates, a Virginia general partnership (the Company) for the issuance of the Authority's industrial development revenue bonds in an amount (estimated at) (not to exceed) $700,000.00 (the Bonds) to assist in the financing of the Company's acquisition, construction, and equipping of an office building facility (the Facility) to be located at 209 Business Park Drive, in the City of Virginia Beach, Virginia, and has held a public hearing thereon on ; and WHEREAS, the Authority has requested the City Council (the Council) of Virginia Beach, Virginia (the City), to approve the (plan of financing) (issuance of the Bonds) to comply with Section 103(k) of the Internal Revenue Code of 1954, as amended; and WHEREAS, pursuant to S15.1-1378.1, Code of Virginia, 1950, as amended, a copy of the Authority's resolution approving the (plan of financing) (issuance of the Bonds), subject to terms to be agreed upon, and areasonably detailed summary of the comments expressed at the public hearing, if any, have been filed with the Council of the City of Virginia Beach, Virginia; THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF VIRGINIA BEACH, VIRGINIA: 1. The Council of the City of Virginia Beach, Virginia, approves the (plan of financing) (issuance of the Bonds) by the City of Virginia Beach Develop- ment Authority for the benefit of Arclaw Associates, a Virginia general partnership, to the extent of and as required by Section 103(k) of the internal Revenue Code, to permit the Authority to assist in the financing of the Facility. 2. The approval of the (plan of financing) (issuance of the bonds), as required by Section 103(k), does not constitute an endorsement of the Bonds or the creditworthiness of the Company; but, Pursuant to Chapter 643, Virginia Acts of Assembly of 1964, as amended, the Bonds shall provide that neither the City nor the Authority shall be obligated to pay the Bonds or the interest thereon or other costs incident thereto except from the revenues and moneys pledged therefor, and neither the faith or credit nor the taxing Power of the Commonwealth, the City, or the Authority shall be Pledged thereto. 3. This Resolution shall take effect immediately upon its adoption. Adopted by a majority of a quorum of the Council of the City of Virginia Beach, Virginia, on 1983. -2- SUMMARY SHEET CITY OF VIRGINIA BEACH DEVELOPMENT AUTHORITY INDUSTRIAL DEVELOPMENT REVENUE BOND Project Name: ARROWHEAD A-3 ASSOCIATES FACILITY Project Location: Situated on a 13,000 square foot par- cel on the south side of Arrowhead Drive 185 feet east of Newtown Road (Lot 3 of Parcel A-3, Arrowhead Industrial Park) Description of Project: 4,900 square foot professional offices building Amount of Bond(s): $300,000.00 Principals: Allen E. Perrel mh.f ss.aa.c FISCAL IMPACT STATEMENT FOR PROPOSED INDUSTRIAL REVENUE BOND FINANCING DATE: TO: THE CITY COUNCIL OF VIRGINIA BEACH, VIRGINIA PROJECT NAME: Arrowhead A-3 Associates Facility TYPE OF FACILITY: Professional Offices Building 1. Maximum amount of financing sought $ 300,000.00 2. Estimated taxable value of the facility's real property to be constructed in the municipality $ 235,000.00 3. Estimated real property tax per year using present tax rates $ 1,880.00 4. Estimated personal property tax per year using present tax rates $ 750.00 5. Estimated merchants' capital tax (e.g. business licenses, etc.) per year using present tax rates $ 700.00 6. Estimated dollar value per year of goods and services (including professional services) that will be purchased locally $ 200,000.00 7. Estimated number of additional regular employees on year round basis 5 8. Average annual salary per employee s 15,000.00 NOTE: Denotes increase in taxable value/tax revenues. NOTE: Reflects revenues and employees/salaries for Arrowhead A-3 Associates only. The information contained in this statement is based solely on facts and estimates provided by the Applicant and the Authority has made no independent investigation with respect thereto. CITY OF VIRGINIA BEACH DEVELOPMENT AUTHORITY OF VIRGINIA BEACH, VIRGINIA By Authority Chairman mh.f fis.aa.c A meeting of the Council of the City of Virginia Beach, virginia, at which a quorum was present, was held in the Council Chambers, in the Administration Building, on the day of 1983. Present: Vote: Absent: on motion by seconded by and voted upon aE in set forth, he follwing re-olution was adopted. RESOLUTION OF CITY COUNCIL APPROVING THE ISSUANCE OF INDUSTRIAL DEVELOPMENT REVENUE BOND FOR ARROWHEAD A-3 ASSOCIATES WHEREAS, the City of Virginia Beach Development Authority of Virginia Beach, whose address is 401 Lynnhaven Parkway, Virginia Beach, virginia (the "Authority") has con- sidered the application of Arrowhead A-3 Associates, a Virginia limited partnership, whose address is 3301 Eamon Court, Virginia Beach, Virginia 23452 (the "Company"), for the issuance of the Authority's industrial development reve- nue bond in an amount estimated at not more than $300,000 (the Bond) to assist in the financing of the Company's construction and equipping of a 4,900 square foot, two story, office building (the "Facility") to be located on a 13,300 square foot parcel of land situated approximately 185 feet east of Newtown Road and fronting approximately 67 feet on the south side of Arrowhead Drive (a/k/a Lot 3 of Parcel A-3, Arrowhead Industrial Park) in Virginia Beach, Virginia, to be owned and operated by the Company, and has held a public hearing thereon on - and; WHEREAS, the Authority has requested the City Coun- cil (the "Council") of Virginia Beach, Virginia (the "City") to approve the issuance of the Bond to comply with Section - I - 103(k) of the Internal Revenue Code of 1954, as amended; and WHEREAS, pursuant to SS15.1-1378.1, Code of Virginia, as amended, a copy of the Authority's resolution approving the issuance of the Bond, subject to terms to be agreed upon and a reasonably detailed summary of the com- ments expressed at the public hearing, if any, have been filed with the Council of the City of Virginia Beach, Virgi- nia; THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF VIRGINIA BEACH, VIRGINIA: 1. The Council of the City of Virginia Beach, Virginia, approves the issuance of the Bond by the City of Virginia Beach Development Authority, for the benefit of Arrowhead A-3 Associates, a Virginia limited partnership, 3301 Eamon Court, Virginia Beach, Virginia 23452, to the extent of and as required by Section 103(k) of the Internal Revenue Code, to permit the Authority to assist in the financing of the Facility. 2. The approval of the issuance of the Bond, as required by Section 103(k), does not constitute an endorse- ment of the Bond or the creditworthiness of the Company, but, pursuant to Chapter 643, Virginia Acts of Assembly of 1964, as amended, the Bond shall provide that neither the City nor the Authority shall be obligated to pay the Bond or the interest thereon or other costs incident thereto except from the revenues and moneys pledged therefor, and neither the faith or credit nor the taxing power of the Common- wealth, the City, or the Authority shall be pledged thereto. 3. This Resolution shall take effect immediately upon its adoption. Adopted by a majority of a quorum of the Council of the City of Virginia Beach, Virginia, on 1983. mh.f r.aa.c 2 SUMMARY SHEET CITY OF VIRGINIA BEACH DEVELOPMENT AUTHORITY APPROVAL OF TNDIJSTRIAL DEVFLOPMENT REVENUE BOND TO BE ISSUED BY SUFFOLK REDEVELOPMENT AND HOUSING AUTHORITY PROJECT NAME: Auburn Associates, a Virginia limited partnership PROJECT LOCATTON: 14 acre parcel of land located on the west side of Holland Road near the intersection of Holland and Rosemont Roads in Virginia Beach, Virginia DESCRIPTION OF PROJECT: 168 unit rental apartment project 20% of which will be for occupancy by individuals of low or moderate income AMOUNT OF DOND(S): $6,ooo,ooo PRINCIPA@ Ramon W. Breeden, Jr. Ramon W. Breeden Companies FISCAL IMPACT STATEMENT FOR PROPOSED INDUSTRIAL REVENUE BOND FINANCING DATE: November 11, 1983 TO: THE CITY COUNCIL OF VIRGINIA BEACH, VIRGINIA PROJECT NAME: Auburn Associates TYPE OF FACILITY: 168 Unit Rental Apartment Project 1. Maximum amount of financing sought $ 6,ooo,ooo 2. Estimated taxable value of the Facility's real property to be constructed in tbe municipality $ 5,100,000 3. Estimated real property tax per year using present tax rates $ 48,000 4. Estimated personal property tax per year using present tax rates $ 1,000 5. Estimated merchants, capital tax per year using present tax rates $ none 6. Estimated dollar value per year of goods and services that will be pilrchased locally $ 250,000 7. Estimated number of regular employees on a year round basis 5 Average annual salary per employee $ i4,ooo The information contained in this Statement is based solely on facts and estimates provided by the Applicant, and the Authority bas made no independent investigation with respect thereto. CITY OF VIRGINIA BEACH DEVELOPMENT AUTHORITY BY Chairman BE TT RESOLVED BY THE CITY COUNCIL OF THE CITY OF VIRGINIA BEACH, VIRGTNIA: 1. The Council of the City of Virginia Beach, Virginia, approves the additional housing to be provided by the Facllity and further approves the issuance of the Bonds by the Suffolk Redevelopinent and Housing Authority for the benefit of Auburn Associates to the extent of and as required by Section 103(k) of the Internal Revenue Code of 1954, as amended, to permit the Housing Authority to assist in the financing of the Facility. P. The approval of the issuance of the Bonds, as required by SS 103 (k) does not constitute an endorsement of the Bonds or the creditworthiness of the Company, and the Bonds shall provide that neither the City, the City of Suffolk, the Development Authority nor the Housing Authority shall be obligated to pay the Bonds or the interest thereon or other costs incident thereto except from the revenues and moneys pledged therefor, and neither the faith or credit nor the taxing power of the Commonwealth, the City, the City of Suffolk, the Development Authority or the Housing Authority shall be pledged thereto. 3. This Resolution shall take effect immediately upon its adoption. A(lopte,d I)y the Council of the City of Virp,,inia Beach, Virginia, on December 19, 1983. 2 A meeting of the Council of the City of Virginia Beach, Virginia, was held in the Council Chambers, Adrrinistration Building, on the Igth day of December, 1983. On motion by and seconded by the following Resolution was adopted. RESOLUTTON APPROVING THE ISSUANCE OF SPECIAL R M NUE BONDS (Auburn Associates Facility) WHERF-AS, the City of Virginia Beach Development Authority (the "Development Authority"), has considered the application of Auburn Associates, a Virginia limited partnership to be formed, (the "Company") to the Suffolk Redevelopment and Housing Authority (the "linusint,, Aijt'nority") for the is-uance of the Housing Authority's special revenue bonds in an amount not to exceed $6,000,000-(the "Bonds") to assist in the financing of the Company's acquisition, construction and equipping of a 168 unit rental apartment project on a 14 acre parcel of land located on the west side of Holland Road near the intersection of Holland and Rosemont Roads in the City of Virginia Beach, Virginia, (the "Facility") and has held a public hearing thereon on December 13, 1983; and WHEREAS, the Development Authority has requested the City Council (the "Council") of Virginia Beach, Virginia, (the "City") to approve the construction of the additional housing and the issuance of the Bonds by the Housing Authority to comply with SS 103(k) of the Internal Revenue Code of 1954, as amended, and proposed final Treasury regulations issued thereunder; and WHFREAS, a copy of the Housing Authority's resolution approving the issuance of the Bonds, and a copy of the Development Authority's resolution recommending approval of the Bonds by the Council, subject to terms to be agreed upon, and a record of the public hearings held thereon has been filed with the Clerk of the Council; partnership or limited partnership of which Ramon W. Breeden, Jr. is a shareholder or partner, to the extent of and as required by Section 103(k) of the Internal Revenue Code, to permit the Authority to assist in the financing of the Facility. 2. The approval of the issuance of the Bonds, as required by Section 103(k), does not constitute an endorsement of the Bonds or the creditworthiness of the Company; but, pursuant to Chapter 643, Virginia Acts of Assembly of 1964, as amended, the Bonds shall provide that neither the City nor the Authority shall be obligated to pay the Bonds or the interest thereon or other costs incident thereto except from the revenues and moneys pledged therefor, and neither the faith or credit nor the taxing power of the Commonwealth, the City, or the Authority shall be pledged thereto. 3. This Resolution shall take effect immediately upon its adoption. Adopted by a majority of a quorum of the Council of the City of Virginia Beach, Virginia, on December 19, 1983. 1 I/ 5 / 8 3 FISCAL IMPACT STATEMENT FOR PROPOSED INDUSTRIAL REVENUE BOND FINANCING DATE: TO: THE CITY COUNCIL OF VIRGINIA BEACH, VIRGINIA PROJECT NAME: $2,250,000 City of Virginia Beach Development Authority Industrial Development Revenue Bonds (Auburn Commercial Ventures Project) Series of 1983 TYPE OF FACILITY: Retail shopping center 1. Maxiiui, a ou:it cf financing sc,,.iolit $_.?-2@50 000 2. Est--imated taxable value of the facil@ity's real property to be constructed in the mu@icipality $ 2,25LOOP_ 3. Estimated real property tax per year using present tax rates $ 18,000 4. Fstimated personal property tax per year using present tax rates $ 10 000 5. Estimate-' merchants' capital (business license) tax per year using present tax rates $ 5,000 6. Estimate,@ dollar value per year of goods and serv-ces that will be purchased local I,.- $l@O 0 0 O@O 0 7. Estimated number of regular employees on year round basis 30 8. Average annual salary per employee 12,000 The information contained in this Statement is based solely on facts and estimates provided by the Applicant, and the Authority has made no independent investigation with repect thereto. City of Virginia Beach Development Authority By_ air-ma-n----- SUMMARY SHEET CITY OF VIRGINIA BEACH DEVELOPMENT AUTHORITY INDUSTRIAL DEVELOPMENT REVENUE BOND Project Name: $2,250,000 City of Virginia Beach Development Authority Industrial Development Revenue Bonds (Auburn Commercial Ventures Project) Series of 1983 Project Location: The corner of Holland Road and Northwood Drive (between Rosemont Road and Lynnhaven Parkway on Holland Road) Virginia Beach, Virginia Description of Project: 37,400 square foot retail shopping center Amount of Bond(s):' $2,250,000 Principals: Ramon W. Breeden, Jr., sole general partner Mary Jayne Breeden, limited partner RESOLUTION APPROVING THE ISSUANCE OF INDUSTRIAL DEVELOPMENT REVENUE BONDS FOR AUBURN COMMERCIAL VENTURES PROJECT WHEREAS, the City of Virginia Beach Development Authority (the "Authority") has considered the application of Auburn Commercial Ventures, a Virginia limited partnership, or any corporation, partnership or limited partnership of which Ramon W. Breeden, Jr. is a shareholder or partner (the "Company") for the issuance of the Authority's industrial development revenue bonds in an amount not to exceed $2,250,000 (the "Bonds") to assist in the financing of the Company's acquisition, construc- tion, and equipping of a retail shopping center facility (the "Facility") to be located at the corner of Holland Road and Northwood Drive (between Rosemont Road and Lynnhaven Parkway on Holland Road), in the City of Virginia Beach, Virginia, and has held a public hearing thereon on December 13, 1983; and WHEREAS, the Authority has requested the City Council (the "Council") of Virginia Beach, Virginia (the "City"), to approve the issuance of the Bonds to comply with Section 103(k) of the Internal Revenue Code of 1954, as amended; and WHEREAS, pursuant to SS15.1-1378.1, Code of Virginia, 1950, as amended, a copy of the Authority's resolution approving the issuance of the Bonds, subject to terms to be agreed upon, and a reasonably detailed summary of the comments expressed at the public hearing, if any, have been filed with the Council of the City of Virginia Beach, Virginia; THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF VIRGINIA BEACH, VIRGINIA: 1. The Council of the City of Virginia beach, Virginia, approves the issuance of the Bonds by the City of Virginia Beach Development Authority for the benefit of Auburn Commercial Ventures, a Virginia limited partnership, or any corporation, partnership or limited partnership of which Ramon W. Breeden, Jr. is a shareholder or partner, to the extent of and as required by Section 103(k) of the Internal Revenue Code, to permit the Authority to assist in the financing of the Facility. 2. The approval of the issuance of the Bonds, as required by Section 103(k), does not constitute an endorsement of the Bonds or the creditworthiness of the Company; but, pursuant to Chapter 643, Virginia Acts of Assembly of 1964, as amended, the Bonds shall provide that neither the City nor the Authority shall be obligated to pay the Bonds or the interest thereon or other costs incident thereto except from the revenues and moneys pledged therefor, and neither the faith or credit nor the taxing power of the Commonwealth, the City, or the Authority shall be pledged thereto. 3. This Resolution shall take effect immediately upon its adoption. Adopted by a majority of a quorum of the Council of the City of Virginia Beach, Virginia, on December 19, 1983. SUMMARY SHEET ci,ry OF VIRGINIA BEACH DEVELOPMENT AUTHORITY INDUSTRIAL DEVELOPMENT REVENUE BOND Project Name: B. BRUCE TAYLOR FACILI'RY Project Location: Situated on a 1.499 acre parcel on the southwest corner of the inter- section of virginia Beach Blvd. and Kings Grant Road Description of Project: 17,000 square foot retail facility Amount of Bond(s): $1,250,000.00 Principals: B. Bruce Taylor mh.f ss.bbt.c FISCAL IMPAC,R STA,REMENT FOR PROPOSED INDUSTRIAL REVENUE BOND FINANCING DATE: TO: TtiE CITY COUNCIL OF VIRGINIA BEACH, VIRGINIA PROJECT NAME: B. Bruce Taylor Facility TYPE OF FACILI'RY: Retail Facility 1. Maximum amount of financing sought $1,250,000.00 2. Estimated taxable value of the facility's real property to be constructed in the municipality $1,112,000.00 3. Estimated real property tax per year using present tax rates $9,000.00 4. Estimated personal property tax per year using present tax rates 0.00 5. Estimated merchants' capital tax (e.g. business licenses, etc.) per year using present tax rates $11,00,0.00 6. Estimated dollar value per year of goods and services (including professional services) that will be purchased locally $600,000.00 7. Estimated number of additional regular employees on year round basis 60 8. Average annual salary per employee $10,000.00 NOTE: Furnishings/equipment not included in project. NOTF: Includes full and part time etnployees. The information contained in this statement is based solely on facts and estimates provided by the Applicant and the Authority has made no independent investigation with respect thereto. CITY OF VIRGINIA BEACH DEVELOPMENT AUTHORITY OF VIRGINIA BEACH, VIRGINIA By Authority Chairman mh.f fis.bbt.c A meeting of the Council of the City of Virginia Beach, Virginia, at which a quorum was present, was held in the Council Chambers, in the Administration Building, on the day of 1983. Present: Vote: Absent: On motion by seconded by and voted upon as herein set forth, @he--f-ji-lowing-r-e-solution was adopted. RESOLUTION OF CITY COUNCIL APPROVING THE ISSUANCE OF INDUSTRIAL DEVELOPMENT REVENUE BOND FOR B. BRUCE TAYLOR WHEREAS, the City of Virginia Beach Dev6ropment Authority of Virginia Beach, whose address is 401 Lynnhaven Parkway, Virginia Beach, Virginia (the "Authority") has con- sidered the application of B. Bruce Taylor, or assigns, whos(- address is 3330 Pacific Avenue, Suite 203, Virginia Beach, Virginia 23451 (the "Applicant"), for the issuance of the Authority's industrial development revenue bond in an amount estimated at not more than $1,250,000.00 (the "Bond'.) to assist in the financing of the Applicant's acquisition, constr(iction and equipping of a 17,000 square foot retail facility (the "Facility") to be located on a 1.499 acre par- cel of land situated on the southwest corner of the inter- section of Virginia Beach Boulevard and Kings Grant Road in Virginia Beach, Virginia, to be owned and operated by the Applicant and/or Rose Hall Associates, a Virginia partner- ship, and has held a public hearing thereon on Dec. 13, 1983 and; WHEREAS, the Authority has requested the City Coun- cil (the "Council") of Virginia Beach, Virginia (the "City") to approve the issuance of the Bond to comply with Section 103(k) of the Internal Revenue Code of 1954, as amended; and WHEREAS, pursuant to SS15.1-1378.1, Code of Virginia, as amended, a copy of the Authority's resolution approving the issuance of the Bond, subject to terms to be agreed upon and a reasonably detailed summary of the com- ments txpressed at the public hearing, if any, have been filed with the Council of the City of Virginia Beach, Virgi- nia; THERFFORE, BE i-r @tsOLVED i3Y THE CITY COUNCIL OF THE Cl'fY OF VIRGINIA 13EACH, VIR(;INIA: 1. The Council of the City of Virginia Beach, Virginia, approves the issuance (:)f the Bond by the City of Virginia Reach Development Authority, for the benefit of B. Bruce Taylor, or assigns, 3330 Pacific Avenue, Suite 203, Virginia Beach, Virginia 23451, to the extent of and as required by Section 103(k) of the Internal Revenue Code, to permit the Authority to assist in the financing of the Faci- li,ty. 2. The aLDproval of the issuance of the Bond, as required by Section 103(k), does not constitute an endorse- ment of the Bond or the creditworthiness of the Company, but, purstiant to Chapter 643, Virginia Acts of Assembly of 1964, a, amended, the Bond shall provide that neither the City nor the Authority shall be obligated to pay the Bond or the interest thereon or other costs incident thereto except froin the revenues and moneys I)ledged therefor, and neither the faith or credit nor the taxing power of the Common- wealth, the City, or the Authority shall be pledged thereto. 3. This Resolution shall take effect immediately upon its adoption. Adopted by a majority of a quorum of the Council of the City of Virginia Beach, Virginia, on 1983. mh.f r.bbt.c 2 SUMMARY SHEET CITY OF VIRGINIA EEACH DEVELOPMENT AUTHORITY INDUSTRIAL DEVELOP@IENT REVE@JUE BOND Project Name@ "Ruiiaway Bay" ail apartment project to be owiied by Beacll-Oxfol7d Associates Limited Partiiersliip, a Marylalid limited partnersliip Locatioii: Betweeii Tlialia Gardens and Thalia Trace oii Boniiey Road Descriptioii of Project: 440-Llllit MUlti-family residential reiital project Amotiiit of Boiid Isstie: $21,000,000 BONDS TO SE ISSUED BY THE SUFFOLK REDEVELOPMENT AND HOUSI@IC AUTHORITY Priiicipals*: Leo -6ickler (Presideiit of Oxford De%,elopmetit Corporatioii) O,,foi:d Eqtiities Corporation (a wliolly owiied subsidiary of Oxford De%,elopmeiit Corporation) 'Tdene a@l -@ar@ne-rs of Beacli-Oxford Associates FISCAL IMPACT STATEMENT CITY OF VIRGINIA BEACH DEVELOPMENT AUTHORITY (Beacli-oxford Associates Project) DATE: November 1983 TO: THE CITY COUNCIL OF VIRCI@IIA SE,@CH, VIRGINIA PROJECT NAME: Riiiiaway Bay "partmeiits TYPE OF FACILITY: 440-tiiiit multi-family residential rental project 1. Maximitm amoliiit of fiiiailciiig souglit $21,000,000 2. Estimated taxable valtle of tlle facility's real property to be coilstl:ucted iij the muiiicipality $13,860,000 3. Estimated real property tax per year lisiiicj pi-e.@eiit ta-,, rates $ 117,500 4. E:-,tiinateci pel'soiial property tay. per year tisiiig pi-eseiit tax rates $ 29,085 S. Estimated mercliants' cat)ital (blisiness liceiise) tax per year Lisiiig present tax 1-ates $ N/A 6. Estimated dollar value per year of goods and services tliat will be purcliased locally $ 102,980 7. Estimated number of regular employees on year ro@iiid basis 10 8. Average annual salary per employee $ 9,118 Tlie iiiformation coiitaiiied iii this Statement is based solely oti facts and estimates provided by the Applicant, and the Authority has made iio indepeiident investigation with re- spect tliereto. City of Virginia Beach Development Authority By Chairman A meeting of the Council of the City of Virginia Beach, Virginia, was held in tlie Council Chambers, in the Administra- tion Building, on the day of December, 1983. On motion by and seconded by I the following Resolution was adopted. RESOLUTION APPROVING THE ISSUANCE OF REVENUE BONDS (Beach-Oxford Associates Project) WHEREAS, the City of Virginia Beach Development Author- ity (tlie "Development Autliority"), has considered the applica- tion of Beach-Oxford Associates Limited Partnership, a Maryland limited partnership (tlie "Developer") to the Suffolk Redevelop- ment and Housing Authority (the "Housing Authority") for the issuaiice of tlie Housing Authority's revenue bonds in an amount not to exceed $21,000,000 (the "Bonds") to assist in fillancing the acqtiisition and construction by the Developer of a 440-unit multi-family residential rental project on a 24.5 acre site whicli is located between Thalia Cardens and Tlialia Trace on Botiney Road in Virgiiiia Beach, Virginia (the "Project) and has held a public hearing thereon on December 13, 1983; atid WHEREAS, the Development Authority has requested the City Council (the "Council") of Virginia Beach, Virginia (the "City") to approve the construction of the additional housing and issuance of the Bonds by the Housing Authority to comply with Section 103(k) of the Internal Revenue Code of 1954, as amended, and proposed final Treasury regulations issued thereunder; and WHEREAS, a copy of the Housing Authority's resolution approving the issuance of the Bonds, and a copy of the Develop- ment Authority's resolution recommendiiig approval of the Bonds by tlle COLIllCil, SUbject to terms to be agreed upon, and a record of the public heariiigs held thereon has been filed with tlie Clerk of the Council; BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF VIR- GINIA BEACH, VIRGINIA: 1. Tlie Council of the City of Virginia Beach, Vir- ginia, approves tlie additional housing to be provided by the Project and fiirtlier approves issuance of the Bonds by the Suffolk Redevelopment and Housing Authority for tlie benefit of the Developer, to the extent of and as required by Section 103(k) of tlie Internal Reventie Code, to permit the Housing Au- thority to assist in tlie financiiig of the Project. 2. The approval of tlie issuance of the Bolids, as re- quired by Section 103(k), does not constitute an endorsement of the Bonds or the creditworthiness of the Developer, and the bonds shall provide that iieither the City, the City of Suffolk, the Development Authority nor the Housing Authority shall be obligated to pay the Bonds or the interest thereon or other costs incident thereto except from the revenues and moneys pledged therefor, and neither the faith or credit nor the -2- taxing power of the Commollwealtll, tlie City, the City of Suffolk, the Developmeiit Autliority or the Housing Authority shall be pledged thereto. 3. This Resolution shall take effect immediately upon its adoption. Adopted by tlie Council of the City of Virginia Beach, Virginia on December -1 1983. -3- SUMMARY SHEET CITY OF VLRGINIA BEACH DEVELOPMENT AUTHORITY INDUSTRIAL DEVELOPMENT REVEVUE BOND Project Name: Dr. Jack I. Cherin and Lym H. Ch-in, Husband and Wife Project Location: 504 Forest Street, Virginia Beach, Virginia Description of Project: medical Facility Amount of Bond(s): $282,000 Principals: Dr. jack J. Cherin and Lynn H. Ch-in, Husband and Wife FISCAL IMPACT STATEMENT FOR PROPOSED INDUSTRIAL REVENUE BOND FINANCING DATE: TO THE CIT-Y COUNCIL OF VIRGINIA BEACH, VIRGINIA APPLICANT: Dr. Jack I. Cherin and Lynn H. Cherin, Husband and Wife FACILITY: Medical Office Building 1. Maximum amount of financing sought $282,000 2. Estimated taxable value of the facility's real property to be constructed in the municipality $200,000 3. Estimated real property tax per year using present tax rates $ 2,500 4. Estimated personal property tax per year using present tax rates $ 2,400 5. Estimated merchants' capital (business license) tax per year using present tax rates $ 4,500 6. Estimated dollar value per year of goods and services that will be purchased locally $100,000 7. Estimated number of regular employees on year round basis 20 B. Average annual salary per employee $ 18,000 The information contained in this Statement is based solely on facts and estimates provided by the Applicant, and the Authority has made no independent investigation with respect thereto. city of virginia Beach Development Authority By Chairman 11/11/83 RESOLUTION APPROVING THE ISSUANCE OF INDUSTRIAL DEVELOPMENT REVENUE BONDS FOR DR. JACK I. CHERIN AND LYNN H. CHERIN, HUSBAND AND WIFE WHEREAS, the City of Virginia Beach Development Authority (the Authority) has considered the application of Dr. Jack i. Cherin and Lynn H. Cherin (the Company) for the issuance of the Authority's industrial development revenue bonds in an amount not to exceed $282,000.00 (the Bonds) to assist in the financing of the Company's construction and equipping of a medical office facility (the Facility) to be located at the intersection of Princess Anne Road and Forest Street, presently numbered 504 Forest Street, in the City of Virginia Beach, Virginia, and has held a public hearing thereon on December 13, 1983; and WHEREAS, the Authority has requested the City Council (the Council) of Virginia Beach, Virginia (the City), to approve the issuance of the Bonds to comply with Section 103(k) of the Internal Revenue Code of 1954, as amended; and WHEREAS, a copy of the Authority's resolution approving the issuance of the Bonds, subject to terms to be agreed upon, and a record of the public hearing have been filed with the Clerk of the Council; THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF VIRGINIA BEACH, VIRGINIA; 1. The Council of the City of virginia Beach, virginia, approves the issuance of the Bonds by the City of Virginia Beach Development Authority for the benefit of Dr. Jack I. Cherin and Lynn R. Cherin, Husband and Wife, to the extent of and as required by Section 103(k) of the Internal Revenue Code, to permit the Authority to assist in the financing of the Facility. 2. The approval of the issuance of the Bonds, as required by Section 103(k), does not constitute an endorsement of the Bonds or the creditworthiness of the Company; but, pursuant to Chapter 643, Virginia Acts of Assembly of 1964, as amended, the Bonds shall provide that neither the City nor the Authority shall be obligated to pay the Bonds or the interest thereon or other costs incident thereto except from the revenues and moneys pledged therefor, and neither the faith or credit nor the taxing power of the Commonwealth, the City, or the Authority shall be pledged thereto. 3. This Resolution shall take effect immediately upon its adoption. Adopted by a majority of a quorum of the Council of the City of Virginia Beach, Virginia, on December 19, 1983. SUMMARY SHEET CITY OF VIRGINIA BEACH DEVELOPMENT AUTHORITY INDUSTRIAL DEVELOPMENT REVENUE BOND Project Name: Codi Associates - Tides Hotel Project Location: 21st Street & Atlantic Avenue Description of Project: Renovation of, and constructing and equipping additions to, a commercial hotel Amotint of Bond(s): Not to exceed $6,000,000 Yir,(Iipal-,;: Arthur Diamonstein Allan Comess Barry Comess FISCAL IMPACT STATEMENT OF CITY OF VIRGINIA BEACH DEVELOPMENT AUTHORITY DATE: December 13, 1983 TO: The City Council of Virginia Beach, Virginia The undersigned Chairman states, in compliance with Section 15.1-1378.2, Code of Virginia of 1950: Name of Applicant: Codi Associates Facility: Renovation of and additions to Hotel 1. Maximum amount of financing sought $ 6,000,000.00 2. Estimated taxable value of the facility's real prooerty to be constructed in the City of Virginia Beach $ 2,988,000.00 3. Estimated real property tax per year using present tax rates $ 14,704.00 4. Estimated personal property tax per year using present tax rates $ 2,243.34 5. Estimated business license tax per year using present tax rates $ 1,112.00 6. Estimated dollar value per year of goods and services that will be purchased locally (after construction) $ 50,000.00 7. Estimated number of regular employees on year round basis 34 (6 presently employed) 8. Average annual salary per employ6e $ 7,800.00 The information contained in this Statement is based-solely on facts and estimates provided by the Applicant, and the Authority has made no independent investigation with respect thereto. CITY OF VIRGINIA BEACH DEVELOPMENT AUTHORITY By Chairman A meeting of the Council of the City of Virginia Beach, Virginia, was held in the Council Chambers, in the Administration Building, on the 19th day of December, 1983. On motion by and seconded by the following Resolution was a opted. RESOLUTION OF CITY COUNCIL APPROVING THE PLAN OF FINANCING OF AND THE ISSUANCE OF INDUSTRIAL DEVELOPMENT REVENUE BOND TO CODI ASSOCIATES WHEREAS, the City of Virginia Beach Development Authority (the "Authority"), has considered the application of Codi Associates, a Virginia general partnership (the "Company") for the issuance of the Authority's industrial development revenue bond or bonds in an amount not to exceed $6,000,000 (the "Bonds") to assist in the financing of the Company's renovation of, and construction and equipping of addi- tions to, an existing hotel facility (the "Project") in Virginia Beach, Virginia, and has held a public hearing thereon on December 13, 1983. WHEREAS, the Authority has requested the City Council (the "Council") of Virciinia Beach, Virginia (the "City"), to approve the plan of financing and the issuance of the Bondt to comply with Section 103(k) of the Internal Revenue Code of 1954, as amended; and WHEREAS, a copy of the Authority's resolution approving the plan of financing and the issuance of the Bonds, subje,--t to tprriis to be agreed upon, a fiscal impact statement and a record of the public hearing containing a reasonable detailed summary of the comments made at the public hearing has been filed with the Council; THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF VIRGINIA BEACH, VIRGINIA: 1. The Council approves the issuance of the Bonds by the Authority for the benefit of Codi Associates and the plan of financing as presented to the Authority, to the extent required by Section 103(k) of the Internal Revenue Code, to permit the Authority to assist in the financing of the Project. 2. The approval of the plan of financing and the issuance of the Bonds, as required by Section 103(k), does not constitute an endorsement of the Bonds or the creditworthiness of the Company, but, pursuant to Chapter 643, Virginia Acts of Assembly of 1964, as amended, the Bonds shall provide that neither the City nor the Authority shall be obligated to pay the Bonds or the interest thereon or other costs incident thereto except from the revenues and moneys pledged therefor, and neither the faith or credit nor the taxing power of the Commonwealth, the City, or the Authority shall be pledged thereto. 3. This Resolution shall take effect immediately upon its adoption. Adopted by a majority of a quorum of the Council of the City of Virginia Beach, Virginia, on December 19, 1983. RESOLUTIONS/CA-RESO - 2 SUMMARY SHEET CITY OF VIRGINIA BEACH DEVELOPMENT AUTHORITY APPROVAL OF INDUSTRIAL DEVELOPMENT REVENUE BOND TO BE ISSUED BY HAMPTON REDEVELOPMENT AND HOUSING AUTHORITY Project Name: Columbus Station Associates Location: Carapace Lane (Pembroke/Columbus Loop Area of Virginia Beach) Description of Project: 198-Unit Apartment Project Amount of Bond Issue: $5,000,000 Principals: George Dragas, Jr. Marcus Dragas ISCAL IMPACT STATE@IENT SUBMITTED To C-TY (-2F VIRGINIA BEACH DEVELOPMENT AL@THORITY Date Name of Applicant: Columbus Station Assoc., Ltd., a Vir(,inia partnership to be formed facility: 198 Apartments Locatioil of Facility: Carapace Lane (Pembroke/Columbus Loop area of Virginia Beach" 1. Maxir@ium amount of financing sought $ 4,500,000 2. Estimated taxable value of the Facility's real property to be constructed in thc niunicipality $ 5,000,OOJ 3. Estimated real E)rolierty tax per year using present tax rates s 40,000 4. Estimated personal property tax per year using present tax rates $ 2,000 est. 5. Estimated merchants' capital tax per year using present tax ra-les s N/A 6. Estimated dollar value per year of qoods and services that will be i)urchased locally $ 280,000 EstiTTiated number of regular err7loyees on year round basis 3 to 4 8. Average annual salary per emplovee 14,000 rie information contained in t.-s Statement is based solely on facts and estimates provided by -iie Applicant, and the Authorily has made no independent investigation with respect -hereto. City o'@ Virginia Beach Development Authority By Chairman On motion by and seconded by the following Resolution was adopted. RESOLUTION APPROVING THE ISSUANCE OF SPECIAL REVENUE BONDS (Columbus Station Associates, Ltd. Project) WHEREAS, the City of Virginia Beach Development Authority (the "Development Authority"), has considered the application of Columbus Station Associates, Ltd., a partnership to be formed under the laws of Virginia (the "Company"), to the Hampton Redevelopment and Housing Authority (the "Housing Authority") for the issuance of the Housing Authority's special revenue bonds in an amount not to exceed $5,000,000 (the "Bonds") to assist in financing the construction and equipping by the Company of a 198 unit rental apartment project on Carapace Lane, located in the Columbus Loop/Pembroke area of Virginia Beach, Virginia (the "Project") and has held a public hearing thereon on December 13, 1983; and WHEREAS, the Development Authority has requested the City Council (the "Council") of Virginia Beach, Virginia (the "City") to approve the construction of the additional housing and issuance of the Bonds by the Housing Authority to comply with Section 103(k) of the Internal Revenue Code of 1954, as amended, and proposed final Treasury regulations issued thereunder; and WHEREAS, a copy of the Housing Authority's resolution approving the issuance of the Bonds, and a copy of the Development Authority's resolution recommending approval of the Bonds by the Council, subject to terms to be agreed upon, and a record of the public hearings held thereon has been filed with the Clerk of the Council; BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF VIRGINIA BEACII, VIRGINIA: 1. The Council of the City of Virginia Beach, Virginia, approves the additiohal housing to be proveded by the Project and further approves issuance of the Bonds by the Hampton Redevelopment and Housing Authority for the benefit of the Company, to the extent of and as required by Section 103(k) of the Internal Revenue Code, to permit the Housing Authority to assist in the financing of the Project. 2. The approval of the issuance of the Bonds, as required by Section 103(k), does not constitute an endorsement of the Bonds or the creditworthiness of the Company, and the Bonds shall provide that neither the City, the City of Hampton, ttic Authority nor the Housing Authority shall be obligated to pay the Bonds or the interest thereon or other costs incident thereto except from the revenues and moneys pledged therefor, and neither the faith or credit nor the taxing power of the Commonwealth, the City, the City of Hampton, the Authority or the Housing Authority shall be pledged thereto. 3. This Resolution shall take effect immediately upon its adoption. Adopted by the Council of the City of Virginia Beach, Virginia on December 19, 1983. 2 SUMMARY SHEET CITY OF VIRGINIA BEACH DEVELOPMENT AUTHORITY INDUSTRIAL DEVELOPMENT REVENUE BOND Project Name: Commodore Associates Facility Project Location: 3700 Atlantic Avenue and 37th Street Description of Project: Hotel/Motel with related meeting/ activity room facilities Amount of Bond(s): $2,000,000.00 Principals: Melvin A. Koch - 50% Jimmie A. Koch - 50% FISCAL IMPACT STATEMENT FOR PROPOSED INDUSTRIAL REVENUE BOND FINANCING DATE: TO: The CITY COUNCIL OF VIRGINIA BEACH, VIRGINIA PROJECT NAME: COMMODORE ASSOCIATES FACILITY TYPE OF FACILITY: HOTEL/MOTEL 1. maximum amount of financing sought $ 2,000,000.00 2. Estimated taxable value of the facility's real property to be constructed in the municipality $ 2,098,000.00 3. Estimated real property tax per year using present tax rates $ 16,785.00 4. Estimated personal property tax per year using present tax rates $ 4,950.00 5. Estimated merchants' capital tax (business licenses) per year using present tax rates $ 33,800.00 6. Estimated dollar value per year of goods and services that will be purchased locally $ 12,200.00 7. Estimated number of regular employees on year round basis 20 B. Average annual salary per employee $ 6,700.00 The information contained in this Statement is based solely on facts and estimates provided by the Applicant, and the Authority has made no independent investigtion with respect thereto. CITY OF VIRGINIA BEACH DEVELOPMENT AUTHORITY OF VIRGINIA BEACH, VIRGINIA By Authority Chairman mh.a fis.com.c A meeting of the Council of the City of Virginia Beach, Virginia, at which a quorum was present, was held in the Council Chambers, in the Administration Building, on the day of 1983. Present: Vote: Absent: on motion by seconded by and voted upon as herein set forth, the following resolution was adopted. RESOLUTION OF CITY COUNCIL APPROVING THE ISSUANCE OF INDUSTRIAL DEVELOPMENT REVENUE BOND FOR COMMODORE ASSOCIATES. WHEREAS, the City of Virginia Beach Development Authority of Virginia Beach, whose address is 401 Lynnhaven Parkway, Virginia Beach, Virginia (the Authority) has con- sidered the application of Commodore Associates, a Virginia general partnership, whose address is c/o Melvin A. Koch, 3614 Atlantic Avenue, Virginia Beach, virginia 23451 (the "Company") for the issuance of the Authority's industrial development revenue bond in an amount estimated at not more than $2,000,000 (the Bond) to assist in the financing of the company's construction, furnishing and equipping of a thirty-nine (39) unit hotel/motel with related meeting/activ- ity room facility (the Facility) at 3700 Atlantic Avenue and 37th Street in Virginia Beach, Virginia to be owned by the Company and leased to and operated by Commodore of Virginia, Inc., a virginia corporation, and has held a public hearing thereon on December 13, 1983 ; and WHEREAS, the Authority has requested the City Council (the Council) of Virginia Beach, Virginia (the City) to approve the issuance of the Bond to comply with Section - I - 103(k) of the Internal Revenue Code of 1954, as amended; and WHEREAS, pursuant to S 15.1-1378.1, Code of Virginia, 1950, as amended, a copy of the Authority's resolution approving the issuance of the Bond, subject to terms to be agreed upon and a reasonably detailed summary of the com- ments expressed at the public hearing, if any, have been filed with the Council of the City of Virginia Beach, Virginia; BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF VIRGINIA BEACH, VIRGINIA: 1. The Council of the City of Virginia Beach, Virginia, approves the issuance of the Bond by the City of Virginia ]3each Development Authority, for the benefit of Commodore Associates, a virginia general partnership, whose address is c/o Melvin A. Koch, 3614 Atlantic Avenue, Virgi- nia Beach, Virginia 23451, to the extent of and as required by Section 103(k) of the Internal Revenue Code, to permit the Authority to assist in the financing of the Facility. 2. The approval of the issuance of the Bond, as required by Section 103(k), does not constitute an endorse- ment of the F3ond or the creditworthiness of the Company, but, pursuant to Chapter 643, Virginia Acts of Assembly of 1964, as amended, the Bond shall provide that neither the City nor the Authority shall be obligated to pay the Bond or the interest thereon or other costs incident thereto except from the revenues and moneys pledged therefor, and neither the faith or credit nor the taxing power of the Common- wealth, the City, or the Authority shall be pledged thereto. 3. This Resolution shall take effect immediately upon its adoption. Adopted by a majority of a quorum of the Council of the City of Virginia Beach, Virginia, on 1983. mh.a M.COM.C 2 SUMMARY SHEE,R CITY OF VIRGINIA BEACH DEVELOPMENT AUTHORITY INDUSTRIAL DEVELOPMENT REVENUE BOND Project Name: D & P ASSOCIATES FACILI'RY Project Location: 1.9599 acre parcel of land located on the north side of Newtown Road, near Broadview Blvd., with approx- imately 216.4 feet of frontage on Newtown Road Description of Project: Residence for the care of the aged for 45 to 50 residents Amount of Bond(s): $850,000.00 Principals: Donald A. Dahlman and Paul W. Utter- back, each owning a one-half (1/2) interest in D & P Associates mh.f ss.dp.c The purpose of this Resolution is to ratify and confirm the Resolution adopted by Council on November 8, 1983, and to approve the issuance of the Bond pursuant to a corrected notice indicating the Facility as a residence for the care of the aged. A meeting of the Council of the City of Virginia Beach, Virginia, at which a quorum was present, was held in the Council Chambers, in the Administration Building, on the day of 1983. Present: Vote: Absent: on motion by seconded by and voted upon as herein set forth, the following resolution was adopted. RESOLUTION OF CITY COUNCIL APPROVING THE ISSUANCE OF INDUSTRIAL DEVELOPMENT REVENUE BOND FOR D & P ASSOCIATES. WHEREAS, on November 8, 1983 the City of Virginia Beach Development Authority of Virginia Beach, whose address is 401 Lynnhaven Parkway, Virginia Beach, Virginia (the "Authority") considered and held a public hearing on the application of D & P Associates, a Virginia general partner- ship, whose address is 520 South Independence Blvd., Suite 100, Virginia Beach, Virginia 23452 (the "Applicant") for the issuance of the Authority's industrial development reve- nue bond in an amount not to exceed ($850,000.00) (the "Bond") to assist in the financing of the Applicant's acquisition, construction, furnishing and equipping of a 16,000 square foot residence for the care of the aged faci- lity, for 45 to 50 residents (the "Facility") to be located on a 1.9599 acre parcel of land located on the north side of Newtown Road, near Broadview Blvd., with approximately 216.4 feet of frontage on Newtown Road, in the City of Virginia Beach, virginia; and WHEREAS, the required notice of public hearing heretofor published in connection with the Authority's con- sideration of the application of the Applicant on-November - 1 - 8, 1983, incorrectly described the Facility as a licensed home for adults rather than a residence for the care of the aged; and WHEREAS, after proper notice of public hearing as required by law, the Authority has reconsidered the applica- tion of the Applicant in connection with the Authority's issuance of the Bond to assist in the financing of the acquisition, construction, furnishing and equipping of the Facility to be located on a 1.9599 acre parcel of land on the north side of Newtown Road, near Broadview Blvd., with approximately 216.4 feet on frontage on Newtown Road, in the City of Virginia Beach, Virginia, and to be owned by the Company, and has held a public hearing thereon on Dec. 13, 1983 -; and WHEREAS, the Authority has requested the City Council (the "Council") of Virginia Beach, Virginia (the "City") to approve the issuance of the Bond to comply with Section 103(k) of the Internal Revenue Code of 1954, as amended; and WHERF,AS, pursuant to SS15.1-1378.1, Code of Virgi- nia, 1950, as amended, a copy of the Authority's resolution approving the issuance of the Bond, subject to terms to be agreed upon and a reasonably detailed summary of the com- ments expressed at the public hearing, if any, have been filed with the Council of the City of virginia Beach, Virgi- nia; THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF VIRGINIA BEACH, VIRGINIA: 1. The Council of the City of Virginia Beach, Virginia, approves the issuance of the Bond by the City of Virginia Beach Development Authority, whose address is 401 Lynnhaven Parkway, Virginia BEach, Virginia, for the benefit of D & P Associates, a Virginia general partnership, whose address is 520 South Independence Blvd., Suite 100, Virginia Beach, Virginia 23452, to the extent of and as required by 2 Section 103(k) of the Internal Revenue Code, to permit the Authority to assist in the financing of the Facility. 2. The approval of the issuance of the Bond, as required by Section 103(k), does not constitute an endorse- ment of the Bond or the creditworthiness of the Company, but, pursuant to Chapter 643, Virginia Acts of Assembly of 1964, as amended, the Bond shall provide that neither the City nor the Authority shall be obligated to pay the Bond or the interest thereon or other costs incident thereto except from the revenues and moneys pledged therefor, and neither the faith or credit nor the taxing power of the Common- wealth, the City, or the Authority shall be pledged thereto. 3. This Resolution shall take effect immediately upon its adoption. Adopted by a majority of a quorum of the Council of the City of Virginia Beach, Virginia, on 1983. mh.c r.dp.c 3 SUMMARY SHEET CITY OF VIRGINIA BEACH DEVELOPMENT AUTHORITY INDtJSTRIAL DEVEI,OPMENT REVENUE BOND Project Name: EPCO PEMBROKE ASSOCIATES, A VIRGINIA LIMITED PARTNERSHIP Pro.ject Location: TO BE LOCATED ON APPROXIMATELY 0.717 ACRES OF LAND LOCATET) AT THE SOUTIIEAST CORNER OF VIRGINIA BEACH BOULEVARD AND CONSTITUTION DRIVE, VIRGINIA BEACH, VIRGINIA Description of Pro*ect: A 6,000 SQUARE FOOT COMMERCIAL RETAIL AND OFFICE FACILITY TO SERVE THE PUBLIC Amount of Bond(s): $300,000.00 Principals: ROBERT J. EIGEN, EDWARD KIMMEL, ARTHUR SCHWADRON, HERBERT CHERNIS AND HENRY SCHAPIRO ll.C.3i.C FISCAL IMPACT STATEMENT FOR PROPOSED INDUSTRIAL REVENUE BOND FINANCING DATE: DECEMBER 13, 1983 TO: THE CITY OF VIRGINIA BEACH, VIRGINIA PROJECT NAME: EPCO PEMBROKE ASSOCIATES, A VIRGINIA LIMITED PARTNERSHIP TYPE OF FACILITY: A COMMERCIAL RETAIL AND OFFICE FACILITY 1. Maximum amount of financing sought $300,000.00 2. Estimated taxable value of the facility's $475,000.00 real property to be constructed in the municipality 3. Estimated real property tax per year using $ 3,800.00 present tax rates 4. Estimated personal property tax per year $ io,ooo.oo using present tax rates 5. Estimated merchants' capital tax per year s 5,000.00 using present tax rates 6. Estimated dollar value per year of goods $ 75,000.00 and services that will be purchased locally 7. Estimated number of regular employees on $ 35 year round basis B. Average annual salary per employee $ 20,000.00 The information contained in this Statement is based solely on facts and estimates provided by the Applicant, and the Authority has made no independent investigation with respect thereto. City of Virginia Beach Development Authority By Chairman 11.9.28.C RESOLUTION APPROVING THE ISSUANCE OF INDUSTRIAL DEVELOP@4ENT REVENUE BONDS FOR EPCO PEMBROKE ASSOCIATES, A VIRGINIA LIMITED PARTNERSHIP WHEREAS, the City of Virginia Beach Development Authority (the "Authority") has considered the application and plan of financing of EPCO Pembroke Associates, a Virgirda limited partnership (the "Company") for the issuance of the Authority's industrial development revenue bonds in an amount estimated at Three Hundred Thousand Dollars ($300,000.00) (the "Bonds") to assist in the financing of the Company's construction and equipping of a six thousand (6,000) square foot commercial retail and office facility to serve the public (the "Facility") to be located on approximately 0.717 acres of land located at the southeast corner of Virginia Beach Boulevard and Constitution Drive, Virginia Beach, Virginia, and has held a public hearing thereon on December 13, 1983; and WHEREAS, the Authority has requested the City Council (the "Council") of Virginia Beach, Virginia (the "City") to approve the issuance of the Bonds to comply with Section 103(k) of the Internal Reveniie Co(le of 1954, as amended; and WHEREAS, pursuant to Section 15.1-1378.1 Code of Virginia, 1950, ns amended, a copy of the Authority's Resolution approving the issuance of the Bonds, subject to terms to be agreed upon, and a reaso- nably detailed summary of the comments expressed at the public hearing, if any, have been filed with the Council of the City of Virginia Beach, Virginia; THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF VIRGINIA BEACH, VIRGINIA: 1. The Council of the City of Virginia Beach, Virginia, appro- ves the issuance of the Bonds by the City of Virginia Beach Development Authority for the benefit of EPCO Pembroke Associates, a Virginia limited partnership to the extent of and as required by Section 103(k) of the Internal Revenue Code, to permit the Authority to assist in the financing of the Facility. 2. The approval of the issuance of the Bonds, as required by -1- Section 103(k), does not constitute an endorsement of the Bonds or the creditworthiness of the Company; but, pursuant to Chapter 643, Virginia Acts of Assembly of 1964, as amended, the Bonds shall provide that neither the City nor the Authority shall be obligated to pay the Bonds or the interest thpreon or other costs incident tbereto except from the revenut,s and monies pledged therefore, and neither the faith or credit nor the taxing power of the Commonwealth, the City or the Authority shall be pledged thereto. 3. This Resolution shall take effect immediately upon its adoption. ADOPTED by a majority of a quorum of the Council of the City of Virginia Beach, Virginia on December 19, 1983. ll.C.30.C -2- SUMMARY SHEET CITY OF VIRGINIA BEACH DEVELOPMENT AUTHORITY INDUSTRIAL DEVELOPMENT REVENUE 13OND Project Name: FURMANITE AMERICA, INC. FACILITY Project Location: Furmanite headquarters/warehouse facilities at 529 Viking Drive, Virginia Beach Description of Project: Machinery and equipment, including flange facing, trevitesting, machining, and bolt tensioning equipment, and transportation equip- ment/vehicles Amount of Bond(s): $1,500,000.00 Principals: Furmanite America, Inc. , a Virginia corporation mh.f ss.fur.c FISCAL IMPACT STATEMENT FOR PROPOSED INDUSTRIAL REVENUE BOND FINANCING DATE, TO: THE CITY COUNCIL OF VIRGINIA BEACH, VIRGINIA PROJECT NAME: Furmanite America, Inc. Facility TYPE OF FACILITY: Office/Warehouse Facility 1. Maximum amount of financing sought $ 1,500,000.00 2. Estimated taxable value of the facility's real property to be constructed in the municipality None* 3. Estimated real property tax per year using present tax rates None* 4. Estimated personal property tax per year using present tax rates $ 33,000.00 5. Estimated merchants' capital tax (e.g. business licenses, etc.) per year using present tax rates $ 8,000.00 6. Estimated dollar value per year of goods and services (including professional services) that will be purchased locally 370,000.00 7. Estimated number of regular employees on year round basis 35** B. Average annual salary per employee 30,000.00 CITY OF VIRGINIA BEACH DEVELOPMENT AUTHORITY OF VIRGINIA BEACH, VIRGINIA By Authority Chairman *Note: Bond proceeds will be used only for acquisition of equipment and/or vehicles. **Note: Estimated new jobs in 1984; an additional 17 jobs in 1985, and 19 jobs in 1986 are anticipated. The information contained in this statement is based solely on facts and estimates provided by the Applicant and the Authority has made no independent investigation with respect thereto. mh.e fis.fur.c A meeting of the Council of the City of Virginia Beach, Virginia, at which a quorum was present, was held in the Council Chambers, in the Administration Building, on the day of 1983. Present: Vote: Absent: On motion by seconded by and voted upon ai he-rein set forth, Th-e @ol owing resolution was adopted. RESOLUTION OF CITY COUNCIL APPROVING THE ISSUANCE OF INDUSTRIAL DEVELOPMENT REVENUE BOND FOR FURMANITE AMERICA, INC. WHEREAS, the City of Virginia Beach Development Authority of virginia Beach, whose address is 401 Lynnhaven Parkway, Virginia Beach, Virginia (the Authority) has con- sidered the application of Furmanite America, Inc., a Virgi- nia corporation engaged in the business of sealing industrial and marine leaks under full operating pressure and temperature, machining flanges on line and providing other specialized industrial services and processes, with national and regional office headquarters, warehouse and research and development facilities located at 529 Viking Drive, Virginia Beach, Virginia 23452 (the "Company") for the issuance of the Authority's industrial development reve- nue bond in an amount estimated at not more than $1,500,000 (the Bond) to assist in the financing of the Company's acquisition of various machinery and equipment including, without limitation, flange facing equipment, Trevitesting equipment, machining and bolt tensioning equipment and transportation equipment to transport such other machinery and equipment to and from on-site locations throughout the U.S. (the Facility) to be located, warehoused, and/or based and serviced at the Company's facilities at 529 Viking Drive in Virginia Beach, Virginia and owned by the Company, and has held a public hearing thereon on December 13, 1983; and WHEREAS, the Authority has requested the City Council (the Council) of Virginia Beach, virginia (the City) to approve the issuance of the Bond to comply with Section 103(k) of the Internal Revenue Code of 1954, as amended; and WHEREAS, pursuant to SS15.1-1378.1, Code of Virgi- nia, as amended, a copy of the Authority's resolution approving the issuance of the Bond, subject to terms to be agreed upon and a reasonably detailed summary of the com- ments expressed at the public hearing, if any, have been filed with the Council of the City of Virginia Beach, Virgi- nia; THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF VIRGINIA BEACH, VIRGINIA: 1. The Council of the City of Virginia Beach, Virginia, approves the issuance of the Bond by the City of Virginia Beach Development Authority, for the benefit of Furmanite America, Inc., a Virginia corporation, whose address is 529 Viking Drive, Virginia Beach, Virginia 23452, to the extent of and as required by Section 103(k) of the Internal Revenue Code, to permit the AUthority to assist in the financing of the Facility. 2. The approval of the issuance of the Bond, as required by Section 103(k), does not constitute an endorse- ment of the Bond or the creditworthiness of the Company, but, pursuant to Chapter 643, Virgihia Acts of Assembly of 1964, as amended, the Bond Shall provide that neither the City nor the Authority shall be obligated to pay the Bond or the interest thereon or other costs incident thereto except from the revenues and moneys pledged therefor, and neither the faith or credit nor the taxing power Of the Common- 2 wealth, the City, or the Authority shall be pledged thereto. 3. This Resolution shall take effect immediately upon its adoption. Adopted by a majority of a quorum of the Council of the City of Virginia Beach, Virginia, on 1983. mh.e cr.fur.c 3 SUMf4ARY SHEET CITY OF VIRGINIA BEACH DEVELOPMENT AUTHORITY INDUSTRIAL DEVELOPMENT REVENUE BOND Project Name: Giant Properties One Project Location: Southeast corner of Independence Boulevard and Dahlia Drive, Virginia Beach, Virginia Description of Project: Convenience Grocery Store With Gas Dispensing Facility Amount of Bond(s) $500,000 Principals: Vince Mastracco T. M. Vita Ron Rosso Gary Rosso FISCAL IMPACT STATEMENT November 13, 1983 Giant Properties One Conveiiience Grocery Store With Gas Dispensing Facility 1. Maximum amourit of financing sought $ 500,000 2. Estimated taxable value of the facility's real property to be constructed in the municLpality $ 400,000 3. Estimated real property tax per year using present tax rates $ 3,200 4. Estimated personal property tax per year using present tax rates $ 3,075 5. Esttmated merchants' capital tax (business license tax) per year using present tax rates $ 5,180 6. Estimated dollar value per year of goods and services that will be purcliased locally $1,500,000 7. Estimated number of regular employees on year round basis $ 20 8. Average annual salary per employee $ 12,000 The information contained in this Statement is based solely on facts and estimates provided by the Applicant, and the Authority has inade no independent investigation with respect thereto. CITY OF VIRGINIA BEACH DEVELOPMENT AUTHORITY By_ _ Chairman RESOLUTION APPROVING THE ISSUANCE Or INDUSTRIAL DEVELOPMENT REVENUE BONDS FOR GIANT PROPERTIFS ONE WHEREAS, the City of Virginia Beacti Development Authority (the Authority), has considered the application of Giant Properties One (the Company) for the issuance of the Autliority's industrial development revenue bonds in an amount not to exceed $500,000 (the Bonds) to assist in the financing of the Company's acquisition, construction and equipping of a convenience grocery store with gas dispensing facility (the F,gcility) to be located at the soutlieast corner of Independence Boulevard and Dahlia Drive in the City of Virginia Beach, Virginia, and to be owned by the Company, and has held a public hearing thereon on December 13, 1983; and WHEREAS, the Authority has requested that the City Council (the Council) of City of Virginia Beach, Virginia (the City), approve the issuance of the Bonds to comply with Section 103(k) of the Internal Revenue Code of 1954, as amended, and Section 15.1-1378.1 of the Code of Virginia of 1950, as amended; and WHEREAS, a copy of the Authority's resolution approving the issuance of the Bonds, subject to terms to be agreed upon, a record of the public hearing with respert to tlie Bonds, a Fiscal Impact Statement in the form prescribed by Section 15.1-1378.2 of the Code of Virginia of 1950, as amended, and a reasonably detailed summary of the comments expressed at the public hearing, if any, have been filed with the Council; BE IT RESOLVED BY THE CITY COUNCIL OF THE ci,ry OF VIRGINIA BEACH, VIRGINIA: 1. The recitals made in the preambles to this Resolution are hereby adopted as a part of this Resolution. 1 2. The Council of the City of Virginia Beach, Virginia, approves the issuance of the Bonds by the City of Virginia Beach Development Authority for the benefit of the Company, to the extent of and as required by Section 103(k) of the Internal Revenue Code of 1954, as amended, and Section 15.1-1378.1 of the Code of Virginia of 1950, as amended, to permit the Authority to assist in the financing of the Facility. 3. The approval of the issuance of the Bonds, as required by such Sections 103(k) and 15.1-1378.1, does not constitute an endorsement of the Bonds or the credit- worthiness of the Company, but, pursuant to Chapter 643, Virginia Acts of Assembly of 1964, as amended, the Bonds sliall provide that neither the City nor tlie Authority shall be obligated to pay the Bonds or the interest thereon or other costs incident thereto except froin the revenues and moneys pledged therefor, and neither the faith or credit nor the taxing power of the Commonwealth, the City, or the Authority shall be pledged thereto. 4. This Resolution stiall take effect immediately upon its adoption. Adopted by the Council of the City of Virginia Beach, Virginia, on 1983. SUMMARY STATEMENT CITY OF VIRGINIA BEACH DEVELOPMENT AUTHORITY INDUSTRIAL DEVELOPMENT BONDS i. Holmes Convalescent Home 2. Location 4142 Bonney Road Virginia Beach, Virginia 3. Description of Acquisition and renovation of the Holmes Convalescent Home by The Hillhaven Corporation 4. Amount of Bonds $3,925,000 5. Principals of The Hillhaven Corporation is a wholly The Hillhaven owned subsidiary of National Medical Enterprises, Inc., a Nevada Corporation FISCAL IMPACT STATEMENT December 8, 1983 THE HILLH"EN CORPORATION HOLMES CONVALESCENT HOME 1. Maximum amount of financing sought $3,925,000 2. Estimated taxable value of the facility's real property to be constructed in the municipality - yearly 2,788,000 3. Estimated real property tax per year using present tax rates 22,000 4. Estimated personal property tax per year using present tax rates 12,000 5. Estimated merchants' capital (business license) tax per year using present tax rates N/A 6. Estimated dollar value per year of goods and services that will be purchased locally 380,000 7. Estimated number of regular employees on year round basis 125 B. Average annual salary per employee 9,500 The information contained in this statement is based on facts supplied by the Applicant and the undersigned Authority has made no independent investigation with respect thereto. CITY OF VIRGINIA BEACH DEVELOPMENT AUTHORITY By: RESOLUTION APPROVING THE ISSUANCE OF INDUSTRIAL DEVELOPMENT REVENUE BONDS BY THE CITY OF VIRGINIA BEACH FOR THE BENEFIT OF THE HILLHAVEN CORPORATION WHEREAS, the City of Virginia Beach Development Authority (the 'Authority') has considered the application of The Hillhaven Corporation (the "Company") for the issuance of the Authority's industrial development revenue bonds in an amount not to exceed $3,925,000 (the "B6nds") to assist in the financing of the Company's acquisition, construction, im- provement, equipping and furnishing of an intermediate care nursing facility located at 4142 Bonney Road, virginia Beach, Virginia (the 'Facility") and has held a public hearing there- on on December 13, 1983; and WHEREAS, the Authority has requested the City Council (the "Council') of Virginia Beach, Virginia (the "City'), to approve the issuance of the Bonds to comply with Section 103(k) of the Internal Revenue Code of 1954, as amended (the "Code"); and WHEREAS, a copy of the Authority's resolution approving the issuance of the Bonds and matters related thereto and a record of the public hearing have been filed with the Clerk of the Council; THEREFORE BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF VIRGINIA BEACH, VIRGINIA: 1. The Council of the City of Virginia Beach, Virginia, approves the issuance of the Bonds by the City of Virginia Beach Development Authority for the benefit of The Hillhaven Corporation, to the extent of and as required by Section 103(k) of the Code, to permit the Authority to assist in the financing of the Facility. 2. The approval of the issuance of the Bonds, as required by Section 103(k) of the Code, does not constitute an endorsement of the Bonds or the creditworthiness of the Company, but, pursuant to Chapter 643 of the Acts of the General Assembly of Viginia of 1964, as amended, the Bonds shall provide that neither the City nor the Authority shall be obligated to pay the Bonds or the interest on them or other costs incident to them except from the revenues and moneys pledged therefor, and neither the faith or credit nor the taxing power of the Commonwealth, the City, or the Authority shall be pledged thereto. 3. This Resolution shall take effect immediately upon its adoption. Adopted by a majority of a quorum the Council of the City of Virginia Beach, Virginia, on December _, 1983. 2 SUMMARY SHEET CITY OF VIRGINIA BEACH DEVELOPMENT AUTHORITY APPROVAL OF INDUSTRIAL DEVELOPMENT REVENUE BOND TO BE ISSUED BY PORTSMOUTH REDEVELOPMENT AND HOUSING AUTHORITY Project Name: Lake Associates nd Lake Associates No. 2 Project Location: 5721 Hampshire Lane Virginia Beach, Virginia Description of Project: Multi-family housing project Amount of Bond(s): $25,000,000 Principals: Benjamin J. Levy, Esquire FISCAL IMPACT STATEMENT OF CITY OF VIRGINIA BEACH DEVELOPMENT AUTHORITY DATE: December 13, 1983 TO: The City Council of Virginia Beach, Virginia The undersigned Chairman states, in compliance with Section 15.1-1378.2, Code of Virginia of 1950: Name of Applicant: Lake Associates and Lake Associates No. 2 Facility: Multi-Family Housing Project 1. Maximum amount of financing sought $ 25,000,000.00 2. Estimated taxable value of the facility's real property to be constructed in the City of Norfolk $ 18,243,000.00 3. Estimated real property tax per year using present tax rates $ 145,944.00 4. Estimated personal property tax per year using present tax rates $ - 0 - 5. Estimated business license tax per year using present tax rates $ - 0 - 6. Estimated dollar value per year of goods and services that will be purchased locally (after construction) $ 500,000.00 7. Estimated number of regular employees 15 on year round basis 8. Average annual salary per employee $ 8,000.00 The information contained in this Statement is based solely on facts and estimates provided by the Applicant, and the Authority has made no independent investigation with respect thereto. CITY OF VIRGINIA BEACH DEVELOPMENT AUTHORITY By Chairman RESOLUTION OF CITY COUNCIL APPROVING THE ISSUANCE OF HOUSING REVENUE BONDS FOR LAKE ASSOCIATES AND LAKE ASSOCIATES NO. 2 WHEREAS, the City of Virginia Beach Development Authority of Virginia Beach, Virginia (the "Authority"), has considered the appli- cation of Lake Associates and Lake Associates No. 2 (the "Purchaser") for the issuance by the Portsmouth Redevelopment and Housing Authority (the "Housing Authority") of its housing revenue bond or bonds in an amount not to exceed $25,000,000 (the "Bonds") to assist in the financing of the Purchaser's acquisition of a multi-family housing project now known as Lake Edward Apartments (the "Project") located at 5721 Hampshire Lane in Virginia Beach, Virginia, which Project will reserve at least 20% of the housing units for persons of low or moderate income, and has held a public hearing thereon on December 13, 1983; and WHEREAS, the Housing Authority has held a public hearing on the same matter on November 29, 1983; and WHEREAS, the Authority and the Housing Authority have requested the City Council (the "Council") of Virginia Beach, Virginia (the "City"), to approve the issuance of the Bonds to comply with Section 103(k) of the Internal Revenue Code of 1954, as ainended; and WHEREAS, pursuant to Section 15.1-1378.1, Code of Virginia, 1950, as amended, a copy of the Authority's resolution and the Housing Authority's resolution each approving the issuance of the Bonds, sub- ject to terms to be agreed upon, a copy of the Authority's and the Housing Authority's Fiscal Impact State,nent anci a reasonably detailed siiin@nary of the comments expresse(i at (--ach public hearing, if any, have been filed with the Council of tlie City; THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF VIRGINIA BEACH, VIRGINIA: 1. The Council approves the issuance of the Bonds by the Housing Authority for the benefit of Lake Associates and Lake Associates No. 2, to the extent required by Section 103(k) of the Internal Revenue Code, and to the extent required by Section 36-19.2 and Section 36-23, Code of Virginia, 1950, as amended, to permit the Housing Authority to assist in the financing of the Project. 2. The approval of the issuance of the Bonds, as reqtjired by Section 103(k), and by Section 36-19.2 and Section 36-23 does not an endorsement of the Bonds or the creditworthiness of the Purchaser, but, as required by Section 36-29, Code of Virginia, 1950, as amended, the Bonds shall provide that neither the City, the Housing Authority nor the Authority shall be obligated to pay the Bonds or the interest thereon or other costs incident thereto except froin tile reve- niie.-s ind @Tioneys pledged therefor, and neither the faith or credit nor the taxing power of the Commonwealth, the City, the Housing Authority or the Authority shall be pledged thereto. 3. This Resolution shall take effect immediately upon its adoption. Adopted by the Council of the City of Virginia Beach, Virginia, on December 19, 1983. RESOLIJTIONS/LAKE-R - 2 - SUMMARY SHEET CITY OF VIRGINIA BEACH DEVELOPMENT AUTHORITY INDUSTRIAL DEVELOPMENT REVENUE BOND Project Name: RICHARD C. LINEHAN FACILITY Project Location: One (1) acre parcel 300 feet south of Lynnhaven Parkway, with 95 feet of frontage on the north side of Lishelle Place (Parcel A-4, Lynn- haven Square, MB 159, page 9) Description of Project: Two story, 14,000 square foot, retail and office building facility Amount of Bond(s): $750,000.00 Principals: Richard C. Linehan mh.f ss.rcl.c FISCAL IMPACT STATEMENT FOR PROPOSED INDUSTRIAL REVENUE BOND FINANCING DATE: TO: THE CITY COUNCIL OF VIRGINIA BEACH, VIRGINIA PROJECT NAME: Richard C. tinehan Facility TYPE OF FACILITY: Retail and office Building 1. Maximum amount of financing sought $ 750,000.00 2. Estimated taxable value of the facility's real property to be constructed in the municipality $ 697,800.00 3. Estimated real property tax per year using present tax rates $ 5,582.00 4. Estimated personal property tax per year using present tax rates $ 11000.00 5. Estimated merchants' capital tax (e.g. business licenses, etc.) per year using present tax rates $ 42,320.00 6. Estimated dollar value per year of goods and services (including professional services) that will be purchased locally s 85,000.00 7. Estimated number of additional regular employees on year round basis 15 to 20 8. Average annual salary per employee $ 5,300.00 NOTE: $2,320.00 Business license; $40,000.00 additional sales tax. The information contained in this statement is based solely on facts and estimates provided by the Applicant and the Authority has made no independent investigation with respect thereto. CITY OF VIRGINIA BEACH DEVELOPMENT AUTHORITY OF VIRGINIA BEACH, VIRGINIA By Authority Chairman mh.a fis.rcl.c A meeting of the Council of the City of Virginia Beach, Virginia, at which a quorum was present, was held in the Council Chambers, in the Administration Building, on the day of 1983. Present: Vote: Absent: on motion by seconded by and voted upon as herein set forth, he f.11. i@nTre-. lution was adopted. RESOLUTION OF CITY COUNCIL APPROVING THE ISSUANCE OF INDUSTRIAL DEVELOPMENT REVENUE BOND FOR RICHARD C. LINEHAN. WHEREAS, the City of Virginia Beach Development Authority of Virginia Beach, whose address is 401 Lynnhaven Parkway, virginia Beach, Virginia (the Authority) has con- sidered the application of Richard C. Linehan, whose address is 1298 West Little Neck Road, Virginia Beach, Virginia 23452 (the Applicant), for the issuance of the Authority's industrial development revenue bond in an amount estimated at not more than $750,000 (the Bond) to assist in the financing of the Applicant's acquisition, construction, and equipping of a 14,000 square foot, two story, retail and office building (the Facility) be located on a one (1) acre parcel of land situated approximately 300 feet south of Lynnhaven Parkway and fronting approximately 95 f6et on the north side of Lishelle Place (a/k/a Parcel A-4, Subdivision of Lynnhaven Square per plat recorded in the Clerk's office, Circuit Court of Virginia Beach, in Map Book 159, at page 8), in Virginia Beach, Virginia, to be owned by the Appli- cant and leased to and operated by Coliseum Sports, Inc., a Virginia corporation, and has held a public hearing thereon - 1 - on D,,@MhPr 1-41 iggA and; WHEREAS, the Authority has requested the City Coun- cil (the Council) of Virginia Beach, Virginia (the City) to approve the issuance of the Bond to comply with Section 103(k) of the Internal Revenue Code of 1954, as amended; and WHEREAS, pursuant to SS15.1-1378.1, Code of Virgi- nia, as amended, a copy of the Authority's resolution approving the issuance of the Bond, subject to terms to be agreed upon and a reasonably detailed summary of the com- ments expressed at the public hearing, if any, have been filed with the Council of the City of Virginia Beach, Virgi- nia; THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE ci,ry OF VIRGINIA BEACH, VIRGINIA: 1. The Council of the City of Virginia Beach, Virginia, approves the issuance of the Bond by the City of Virginia Beach Development Authority, for the benefit of Richard C. Linehan, 1298 West Little Neck Road, Virginia Beach, Virginia 23452, to the extent of and as required by Section 103(k) of the Internal Revenue Code, to permit the Authority to assist in the financing of the Facility. 2. The approval of the issuance of the Bond, as required by Section 103(k), does not constitute an endorse- ment of the Bond or the creditworthiness of the Company, but, pursuant to Chapter 643, Virginia Acts of Assembly of 1964, as amended, the Bond shall provide that neither the City nor the Authority shall be obligated to pay the Bond or the interest thereon or other costs incident thereto except from the revenues and moneys pledged therefor, and neither the faith or credit nor the taxing power of the Common- wealth, the City, or the Authority shall be pledged thereto. 3. This Resolution shall take effect immediately upon its adoption. 2 I Adopted by a majority of a quorum of the Council of the City of Virginia Beach, virginia, on 9 1983. mh.e r.rcl.c - 3 - SUMMARY SHEET CITY OF VIRGINIA BEACH DEVELOPMENT AUTHORITY INDUSTRIAL DEVELOPMENT REVENUE BOND Project Name: Mansards Associates Project Location: 1401 Kindly Court Virginia Beach, Virginia Description of Project: Multi-family housing project Amount of Bond(s): $8,000,000 Principals: Benjamin J. Levy, Esquire Baker Shell Associates FISCAL IMPACT STATEMENT OF CITY OF VIRGINIA BEACH DEVELOPMENT AUTHORITY DATE: December 13, 1983 TO: The City Council of Virginia Beach, Virginia The undersigned Chairman states, in compliance with Section 15.1-1378.2, Code of Virginia of 1950: Name of Applicant: Mansards Associates Facility: Multi-Family Housing Project 1. Maximum amount of financing sought S 8,000,000.00 2. Estimated taxable value of the facility's real property to be constructed in the City of virginia Beach 7,680,000.00 3. Estimated real property tax per year using present tax rates 61,440.00 4. Estimated personal property tax per year using present tax rates - 0 - 5. Estimated business license tax per year using present tax rates - 0 - 6. Estimated dollar value per year of goods and services that will be purchased locally (after construction) 70,000.00 7. Estimated number of regular employees 8 on year round basis 8. Average annual salary per employee 8,000.00 The information contained in this Statement is based solely on facts and estimates provided by the Applicant, and the Authority has made no independent investigation with respect thereto. CITY OF VIRGINIA BEACH DEVELOPMENT AUTHORITY By Chairman RESOLUTION OF CITY COUNCIL APPROVING THE ISSUANCE OF HOUSING REVENUE BONDS FOR MANSARDS ASSOCIATES WHEREAS, the City of Virginia Beach Development Authority of Virginia Beach, Virginia (the "Authority"), has considered the appli- cation of Mansards Associates (the "Purchaser") for the issuance by the Portsmouth Redevelopment and Housing Authority (the "Housing Authority") of its housing revenue bond or bonds in an amount not to exceed $8,000,000 (the "Bonds") to assist in the financing of the Purchaser's acquisition of a multi-family housing project now known as Mansards Apartments (the "Project") located at 1407 Kindly Court be- tween Shell Road and Northampton Boulevard in Virginia Beach, Virginia, which Project will reserve at least 20% of the housing units for persons of low or moderate income, and has held a public hearing thereon on December 13, 1983; and WHEREAS, the Housing Authority has held a public hearing on the same matter on December 13, 1983; and WHEREAS, the Authority and the Housing Authority have requested the City Council (the "Council") of Virginia Beach, Virginia (the "City"), to approve the issuance of the Bonds to comply with Section 103(k) of the Internal Revenue Code of 1954, as amended; and WHEREAS, pursuant to Section 15.1-1378.1, Code of Virginia, 1950, as amended, a copy of the Authority's resolution and the Housing Authority's resolution each approving the issuance of the Bonds, sub- ject to terms to be agreed upon, a copy of the Authority's and the Housing Authority's Fiscal Impact Statement and a reasonably detailed summary of the comments expressed at each public hearing, if any, have been filed with the Council of the City; THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF VIRGINIA BEACH, VIRGINIA: 1. The Council approves the issuance of the Bonds by the Housing Authority for the benefit of Lake Associates and Lake Associates No. 2, to the extent required by Section 103(k) of the Internal Revenue Code, and to the extent required by Section 36-19.2 and Section 36-23, Code of Virginia, 1950, as amended, to permit the Housing Authority to assist in the financing of the Project. 2. The approval of the issuance of the Bonds, as required by Section 103(k), and by Section 36-19.2 and Section 36-23 does not constitute an endorsement of the Bonds or the creditworthiness of the Purchaser, but, as required by Section 36-29, Code of Virginia, 1950, as amended, the Bonds shall provide that neither the City, the Housing Authority nor the Authority shall be obligated to pay the Bonds or the interest thereon or other costs incident thereto except from the reve- nues and moneys pledged therefor, and neither the faith or credit nor the taxing power of the Commonwealth, the City, the Housing Authority or the Authority shall be pledged thereto. 3. This Resolution shall take effect immediately upon its adoption. Adopted by the Council of the City of Virginia Beach, Virginia, on December 19, 1983. RESOLUTIONS/MAN-R - 2 - SUMMARY SHEET CITY OF VIRGINIA BEACH DEVELOPMENT AUTHORITY INDUSTRIAL DEVELOPMENT REVENUE BOND Project Name: MOLAVE ENTERPRISES, INC., A VIRGINIA CORPORATION Project Location: TO BE LOCATED ON APPROXIMATELY 0.94 ACRES OF LAND COMMONLY KNOWN AS 1453 KEMPSVILLE ROAD, VIRGINIA BEACH, VIRGINIA 23462 Description of Project: A 10,000 SQUARE FOOT PROFESSIONAL MEDICAL AND COMMERCIAL OFFICE FACILITY Amount of Bond(s): $750,000.00 Principals: FELIX P. SIBAL, M.D., LINDA P. RODRIGUEZ, M.D., ADORA M. ISIP, DELIA A. RODRIGUEZ (NO RELATION TO DR. RODRIGUEZ), NICHOLAS V. SIBAL (SON OF DR. SIBAL), FRANCIS X. CATETERNAM li.F.35.C FISCAL IMPACT STATEMENT FOR PROPOSED INDUSTRIAL REVENUE BOND FINANCING DATE: DECEMBR 13, 1983 TO: THE CITY COUNCIL OF VIRGINIA BEACH, VIRGINIA PROJEC'r NAME: MOLAVE ENTERPRISES, INC., A VIRGINIA CORPORATION TYPE OF FACILITY: A PROFESSIONAL MET)ICAL AND COMMERCIAL OFFICE FACILITY 1. Maximum amount of financing sought $ 750,000.00 2. Estimated taxable value of the facility's $1,000,000.00 real property to be constructed in the municipality 3. Estimated real property tax per year using $ 81000.00 present tax rates 4. Estimated personal property tax per year $ 7,000.00 using present tax rates 5. Estimated merchants' capital (business license) s 10,000.00 tax per year using present tax rates 6. Estimated dollar value per year of goods $ 60,000.00 and services that will be purchased locally 7. Estimated number of regular employees on $ 65 year round basis 8. Average annual salary per employee $ 15,000.00 The information contained in this Statement is based solely on facts and estimates provided by the Applicant, and the Authority has made no independent investigation with respect thereto. City of Virginia Beach Development By Chairman ll.F.3l.C RESOLUTION APPROVING THE ISSUANCE OF INDUSTRIAL DEVELOPMENT REVENUE BONDS FOR MOLAVE ENTERPRISES, INC. A VIRGINIA CORPORATION WHEREAS, the City of Virginia Beach Development Authority (the "Authority") has considered the application and plan of financing of Molave Enterprises, Inc., a Virginia corporation (the "Company") for the issuance of the Authority's industrial development revenue bonds in an amount estimated at Seven Hundred Fifty Thousand Dollars ($750,000.00) (the "Bonds") to assist in the financing of the Company's acquisition of approximately 0.94 acres of land commonly known as 1453 Kempsville Road, Virginia Beach, Virginia 23462 and to construct and equip thereon a 10,000 square foot professional medical and commercial office facility, and has held a public hearing thereon on December 13, 1983; and WHEREAS, the Authority has requested the City Council (the "Council") of Virginia Beach. Virginia (the "City") to approve the issuance of the Bonds to comply with Section 103(k) of the Internal Revenue Code of 1954, as amended; and WHEREAS, pursuant to Section 15.1-1378.1 Code of Virginia, 1950, as amended, a copy of the Authority's Resolution approving the issuance of the Bonds, subject to terms to be agreed upon, and a reaso- nably detailed summary of the comments expressed at the public hearing, if any, have been filed with the Council of the City of Virginia Beach, Virginia; THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF VIRGINIA BEACH, VIRGINIA: 1. The Council of the City of Virginia Beach, Virginia, appro- ves the issuance of the Bonds by the City of Virginia Beach Development Authority for the benefit of Molave Enterprises, Inc., a Virginia cor- poration to the extent of and as required by Section 103(k) of the Internal Revenue Code, to permit the Authority to assist in the financing of the Facility. 2. The approval of the issuance of the Bonds, as required by Section 103(k), does not constitute an endorsement of the Bonds or the creditworthiness of the Company; but, pursuant to Chapter 643, Virginia -1- Acts of Assembly of 1964, as amended, the Bonds shall provide that neither the City nor the Authority shall be obligated to pay the Bonds or the interest thereon or other costs incident thereto except from the revenues and monies pledged therefore, and neither the faith or credit nor the taxing power of the Commonwealth, the City or the Authority shall be pledged thereto. 3. This Resolution shall take effect immediately upon its adoption. ADOPTED by a majority of a quorum of the Council of the City of Virginia Beach, Virginia on December 19, 1983. it.F.34.C -2- SUMMARY SHEET CITY OF VIRGINIA BEACH DEVELOPMENT AUTHORITY INDUSTRIAL DEVELOPMENT REVENUE BOND Project Name: NOA Facility Location: 700 Block of Holland Road next to Timberlake Shopping Center Description of Project: Mini Warehouse Self-Storage Facility Amount of Bond Issue: $2,500,000 Principals: M. F. Aspinwall J. C. Aspinwall, Jr. J. C. Aspinwall, III Richard E. Olivieri Frederick Napolitano FISCAL IMPACT STATEMENT FOR PROPOSED INDUSTRIAL REVENUE BOND FINANCING Date: November 7, 1983 To the City of Virginia Beach DeveLopment Authority AppLicant: NOA, a Virginia general partnership Faci Li ty: Mini warehouse self-storage facility 1. Maximum amount of financing sought S 2,500,000-00 2. Estimated taxable value of the facility's reat property to be constructed in the municipality S 2,800,000.00 3. Estimated real property tax per year using present tax rates S- 14.4oo.oo 4. Estimated personal property tax per year using present tax rates $- 26o.oo 5. Estimated merchants' capital tax per year using present tax rates $- 0.00 6. Estimated doLLar value per year of goods and service that wiLL be purchased LocaLLy 12,500.00 7. Estimated number of regular employees on year round basis 4 8. Average annual salary per employee SS.ooo.oo If one or more of the above questions do not apply to the facility indicate by writing N/A (not appLicabLe) on the appropriate Line. The information contained in this Statement is based soLeLy on facts and estimates provided by the AppLicant, and the Authority has made no independent investigation with respect thereto. chainran, City of Virginia Beach Development Authority A meeting of the Council of the City of Virginia Beacb, Virginia, was held in tbe Council Chambers in the Administration Building, on the day of December, 1983. On motion by and seconded by - , t e following Resolution was adopted. RESOLUTION APPROVING THE ISSUANCE OF INDUSTRIAL DEVELOPMENT REVENUE BONDS (NOA Facility) WHEREAS, the Industrial Development Authority of tbe City of Virginia Beach, Virginia (the "Authority"), has considered the application of NOA (the "Company") for the issuance of the Authority's industrial development revenue bonds in an amount not to exceed $2,500,000 (the "Bonds") to assist in the financing of the Company's acquisition of a certain parcel of land located in the 700 Block of Holland Road in Virginia Beach, Virginia, and to construct and equip thereon a mini warehouse self-storage facility (the "Facility") and has held a public hearing thereon on December 13, 1983; and WHEREAS, the Authority has requested the City Council (the "Council") of Virginia Beach, Virginia (the "City") to approve the issuance of the Bonds, subject to the approval by the Authority at the public hearing, to comply with Sectlon 103(k) of the Internal Revenue Code of 1954, as amended; and WHEREAS, a copy of the Authority's resolution approving the issuance of the Bonds, subject to terms to be agreed upon, and a record of the public hearing has been filed with the Clerk of the Council. BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF VIRGINIA BEACH, VIRGINIA: 1. The Council of the City of Virginia Beach, Virginia, approves the issuance of the Bonds by the Industrial Development Authority of the City of Virginia Beach, Virginia, for the benefit of NOA to the extent of and as required by Section 103(k) of the Internal Revenue Code, to permit the Authority to assist in the financing of the Facility. 2. The approval of the issuance of the Bonds, as required by Section 103(k) does not constitute an endorsement of the Bonds or the creditworthiness of the Company, but pursuant to Chapter 643, Virginia Acxts of Assembly of 1964, as amended (the "Act"), the Bonds shall provide that neither the City nor the Authority shall be obligated to pay the Bonds or the interest thereon or other costs incident thereto except from the revenues and moneys pledged therefor, and neither the faith or credit nor the taxing power of the Commonwealtb, the City, or the Authority shall be pledged thereto. 3. This Resolution shall take effect immediately upon its adoption. Adopted by the Council of the City of Virginia Beach, Virginia, on December 1 1983. SUMMARY SHEET CITY OF VIRGINIA BEACH DEVELOPMENT AUTHORITY INDUSTRIAL DEVELOPMENT REVENUE BOND Project Name: NEWMAN-SEAHAWK ASSOCIATES FACILITY Project Location: Situated on a 2.95 acre parcel approximately 1000 feet south of the eastern most intersection of Seahawk Circle and International Parkway, contiguous to Canal Number,Two. Description of Project: 10,000 square foot office and ware- house building Amount of Bond(s): $365,000.00 Principals: Earl J. Newman and Brian K. Newman each own a 50% interest in Newman- Seahawk Associates mh.f ss.ns.c FISCAL IMPACT STATEMENT FOR PROPOSED INDUSTRIAL REVENUE BOND FINANCING DATE: TO: THE CITY COUNCIL OF VIRGINIA BEACH, VIRGINIA PROJECT NAME: Newman-Seahawk Associates Facility TYPE OF FACILITY: Offices and Warehouse Building 1. maximum amount of financing sought $ 365,000.00 2. Estimated taxable value of the facility's real property to be constructed in the municipality $ 350,000.00 3. Estimated real property tax per year using present tax rates $ 2,800.00 4. Estimated personal property tax per year using present tax rates $ 0.00* 5. Estimated merchants' capital tax (e.g. business licenses, etc.) per year using present tax rates $ 8,842.00** 6. Estimated dollar value per year of goods and services (including professional services) that will .00** be purchased locally $ 5,250,000 7. Estimated number of additional regular employees on year round basis 8** 8. Average annual salary per employee $ 12,500.00 NOTE: Furnishing and equipment not included in project. NOTE: Reflects revenues, purchases and employees/salaries for Newman Homes, Inc., principal tenant, only. The information contained in this statement is based solely on facts and estimates provided by the Applicant and the Authority has made no independent investigation with respect thereto. CITY OF VIRGINIA BEACH DEVELOPMENT AUTHORITY OF VIRGINIA BEACH, VIRGINIA By uthority Chairman mh.f fis.ns.c A meeting of the Council of the City of virginia Beach, Virginia, at which a quorum was present, was held in the Council Chambers, in the Administration Building, on the day of 1983. Present: Vote: Absent: on motion by seconded by and voted upon as herein set forth, the following resolution was adopted. RESOLUTION OF CITY COUNCIL APPROVING THE ISSUANCE OF INDUSTRIAL DEVELOPMENT REVENUE BOND FOR NEWMAN-SEAHAWK ASSOCIATES WHEREAS, the City of Virginia Beach Development Authority of Virginia Beach, whose address is 401 Lynnhaven Parkway, Virginia Beach, Virginia (the "Authority") has con- sidered the application of Newman-Seahawk Associates, a Virginia general partnership, whose address is 413 s. Witch- duck Road, Virginia Beach, Virginia 23462 (the "Company"), for the issuance of the Authority's industrial development revenue bond in an amount estimated at not more than $365,000 (the Bond) to assist in the financing of the Company's acquisition, construction and equipping of a 10,000 square foot, two story, office and warehouse building facility (the "Facility") to be located on a 2.95 acre parcel of land fronting on Seahawk Circle, situated approximately 1000 feet south of the eastern most intersection of Seahawk Circle and International Parkway, and contiguous to Canal Number Two, in Virginia Beach, Virginia, to be owned and operated by the Company, and has held a public hearing thereon on December 1 , 1983 and; WHEREAS, the Authority has requested the City Coun- cil (the "Council") of Virginia Beach, virginia (the 'City') to approve the issuance of the Bond to comply with Section - 1 - 103(k) of the Internal Revenue Code of 1954, as amended; and WHEREAS, pursuant to SS15.1-1378.1, Code of Virginia, as amended, a copy of the Authority's resolution approving the issuance of the Bond, subject to terms to be agr(,ed upon and a reasonably detailed summary of the com- ments expressed at the public hearing, if any, have been filed with the Council of the City of Virginia Beach, Virgi- nia; THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF VIRGINIA BEACH, VIRGINIA: 1. The Council of the city of virginia Beach, Virginia, approves the issuance of the Bond by the City of Virginia Beach Development Authority, for the benefit of Newman-Seahawk Associates, a Virginia general partnership, 413 S. Witchduck Road, Virginia Beach, Virginia 23462, to the extent of and as required by Section 103(k) of the Internal Revenue Code, to permit the Authority to assist in the financing of the Facility. 2. The approval of the issuance of the Bond, as required by Section 103(k), does not constitute an endorse- ment of the Bond or the creditworthiness of the Company, but, pursuant to Chapter 643, Virginia Acts of Assembly of 1964, as amended, the Bond shall provide that neither the City nor the Authority shall be obligated to pay the Bond or the interest thereon or other costs incident thereto except from the revenues and moneys pledged therefor, and neither the faith or credit nor the taxing power of the Common- wealth, the City, or the Authority shall be pledged thereto. 3. This Resolution shall take effect immediately upon its adoption. Adopted by a majority of a quorum of the Council of the City of virginia Beach, Virginia, on 1983. mh.f r.ns.c 2 SUMMARY SHEET CITY OF vrRGINIA REACH DEVELOPMENT AUTHORITY INDUSTRIAL DEVELOPMENT REVENUE BOND Project Name: 1984 Associates Location: a. Kempsville Square Facility 73-117 South Witchduck Road b. Cleveland Street Facility Southern Side of Cleveland Street c. Rosemont Road Facility East Side of Rosemont Road Description of Project: a. Kempsville Square Facility Two Office/Warehouse Buildings b. Cleveland Street Facility Two Mixed-Use (Office/Warehouse/ Retail) Commercial Facility c. Rosemont Road Facility Retail/Wholesale Shopping Center Amount of Bond Issue: $7,130,000 a. Kempsville Road Facility $3,120,000 b. Cleveland Street Facility $1,025,000 c. Rosemont Road Facility $2,985,000 Principals: Jahw W. Summs Douglas Dickerson FISCAL IMPACT STATEMENT November 14, 1983 1984 ASSOCIATES, a Virginia general partnership Kempsville Square Facility Two office/Warehouse Buildings 1. Maximum amount of financing sought $3,120,000 2. Estimated taxable value of the facility's real property to be constructed in the municipality $1,250,000 3. Estimated real property tax per year using present tax rates $ 24,720 4. Estimated personal property tax per year using present tax rates $ 3,000 S. Estimated merchants' capital tax per year using present tax rates $ 23,375 6. Estimated dollar value per year of goods and services that will be purchased locally $ 84,024 7. Estimated number of regular employees on year round basis 156 8. Average annual salary per employee $ 8,400 CITY OF VIRGINIA BEACH DEVELOPMENT AUTHORITY Authority Chairman FISCAL IMPACT STATEMENT November 14, 1983 1984 ASSOCIATES, a Virginia general partnership Cleveland Street Facility Two Mixed-Use (office/Warehouse/Retail) Commercial Facility 1. Maximum amount of financing sought $1,025,000 2. Estimated taxable value of the facility's real property to be constructed in the municipality s 800,000 3. Estimated real property tax per year using present tax rates $ 14,600 4. Estimated personal property tax per year using present tax rates $ 7,500 S. Estimated merchants' capital tax per year using present tax rates $ 2,000 6. Estimated dollar value per year of goods and services that will be purchased locally $ 21,274 7. Estimated number of regular employees on year round basis 39 S. Average annual salary per employee $ 8,400 CITY OF VIRGINIA BEACH DEVELOPMENT AUTHORITY Authority Chairman FISCAL IMPACT STATEMENT November 14, 1983 1984 ASSOCIATES, a Virginia general partnership Rosemont Road Facility Retail/Wholesale Shopping Center 1. Maximum amount of financing sought $2,985,000 2. Estimated taxable value of the facility's real property to be constructed in the municipality $2,500,000 3. Estimated real property tax per year using present tax rates $ 23,640 4. Estimated personal property tax per year using present tax rates $ 3,000 5. Estimated merchants' capital tax per year using present tax rates $ 18,000 6. Estimated dollar value per year of goods and services that will be purchased locally $ 64,702 7. Estimated number of regular employees on year round basis 120 8. Average annual salary per employee $ 8,400 CITY OF VIRGINIA BEACH DEVELOPMENT AUTHORITY Authority Chairman A meeting of the Council of th6 City of Virginia Beach, Virginia, was held in the Council Chambers, in the Administration Building, on the 19th day of December, 1983. On motion by and seconded by the following Resolution was adopted. RESOLUTION OF CITY COUNCIL APPROVING THE ISSUANCE OF INDUSTRIAL DEVELOPMENT REVENUE BONDS FOR 1984 ASSOCIATES, A VIRGINIA GENERAL PARTNERSHIP WHEREAS, the City of Virginia Beach Development Authority (the Authority), has considered the application of 1984 Associates, a Virginia general partnership (the Company) whose address is 4530 Professional Circle, Virginia Beach, Virginia, 23455, for the issuance of the Authority's industrial development revenue bonds (collectively, the Bonds) in the amounts and for the facilities (collectively, the Facilities) described below which are to be owned by the Company: 1. Kempsville Square Facility - consisting of (i) the acquisition and renovation of Kempsville Square Center, located at 73-117 South Witchduck Road, Virginia Beach, Virginia, a retail and wholesale distribution and warehouse facility comprised of three buildings containing, in the aggregate, approximately 47,918 sq. ft. of space, and (ii) the acquisition of approximately 1.4 acres of land located immediately west of and adjacent to Kempsville Square Center and the construction thereon, and equipping of, two office/warehouse buildings containing, in the aggregate, approximately 30,000 sq. ft. of space. 2. Cleveland Street Facility - consisting of the acquisition of approximately 1.673 acres of land located on the southern side of Cleveland Street in Virginia Beach, Virginia, approximately 175 feet west of the intersection of Expressway Court and Cleveland Street, and the construction thereon, and equipping of, two mixed-use (office/ware- -2 - house/retail) commercial facilities containing, in the aggregate, approximately 19,728 sq. ft. of space. 3. Rosemont Road Facility - consisting of the acquisition of approximately 3 acres of land located on the east side of Rosemont Road in Virginia Beach, Virginia, approximately 245 feet south of the intersection of Rosemont Road and Malibu Palms Drive, and the construction thereon, and equipping of, a retail/wholesale shopping center containing, in the aggregate, approximately 60,000 sq. ft. of space. WHEREAS, the Authority held a public hearing on December 13, 1983 on the acquisition, construction, renovation, and equipping of the Facilities and the issuance of the Bonds therefor; and WHEREAS, the Authority has requested the City Council (the Council) of Virginia Beach, Virginia (the City), to approve the issuance of the Bonds to comply with (i) Section 103(k) of the Internal Revenue Code of 1954, as amended (the Internal Revenue Code) and (ii) Section 15.1-1378.1 of the Code of Virginia of 1950, as amended (the Virginia Code); and WHEREAS, a copy of the Authority's resolution approving the issuance of the Bonds, subject to terms to be agreed upon, a record of the public hearing and the fiscal impact statement required by Section 15.1-1378.1 of the Virginia Code have been filed with the Clerk of the Council; BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF VIRGINIA BEACH, VIRGINIA: 1. The City Council of the City approves the foregoing recitals which are incorporated in, and deemed a part of, this Resolution as if fully set forth herein. -3- 2. Tlie Council of the City approves the issuance of tlie Bonds by the Authority, for the benefit of the Company, to the extent required by Section 103(k) of the Internal Reveiiue Code and Section 15.1-1378.1 of the Virginia Code, to permit the Authority to assist in the financing of the Facilities. 3. The approval of the issuance of the Bonds, as required by Section 103(k) of the Internal Revenue Code and Section 15.1-1378.1 of the Virginia Code, does not constitute an endorsement of the Bonds or the creditworthiness of the Company, but, as required by Section 12.1 of Chapter 643 of the 1964 Acts of the General Assembly of Virginia, as amended, the Bonds shall provide that neither the City nor the Authority shall be obligated to pay the Bonds or the interest, thereon or other costs incident thereto except from the revenues and moneys pledged therefor, and neither the faith or credit nor the taxing power of the Commonwealth, the City or the Authority shall be pledged thereto. 4. This Resolution shall take effect immediately upon its adoption. Adopted by the Council of the City of Virginia Beach, Virginia, on December 19, 1983. CMS/da 1/26/83 (I.1) SUMMARY SHEET CITY OF VIRGINIA BEACH DEVELOPMENT AUTHORITY INDUSTRIAL DEVELOPMENT REVENUE BOND Project Name: o. v. white and C. L. White ASsociates Location: Cleveland Street in the Commerce Industrial Park Description of Project: 17,000 Sq. Ft. Industrial and Commercial Warehouse/Office Building Amount of Bond Issue: $450,000 Principals: 0. V. White C. L. White FISCAL IMPACT STATEMENT FOR PROPOSED INDUSTRIAL REVENUE BOND FINANCING DATE: DECEMBER 13, 1983 TO: THE CITY OF VIRGINIA BEACH, VIRGINIA PROJECT NAME: O.V. WHITE AND C.L. WHITE ASSOCIATES, A VIRGINIA GENERAL PARTNERSHIP TYPE OF FACILITY: INDUSTRIAL AND COMMERCIAL WAREHOUSE/OFFICE BUILDING FACILITY 1. Maximum amount of financing sought $450,000.00 2. Estimated taxable value of the facility's $650,000.00 real property to be constructed in the municipality 3. Estimated real property tax per year using $ 5,200.00 present tax rates 4. Estimated personal property tax per year $ 6,000.00 using present tax rates 5. Estimated merchants' capital tax per year $ 4,000.00 using present tax rates 6. Estimated dollar value per year of goods $ 60,000.00 and services that will be purchased locally 7. Estimated number of regular employees on 60 year round basis 8. Average annual salary per employee $ 15,000.00 The information contained in this Statement is based solely on facts and estimates provided by the Applicant, and tbe Authority has made no independent investigation with respect thereto. City of Virginia Beach Development Authority By Chairman 11.8.4.C RESOLUTION APPROVING THE ISSUANCE OF INDUSTRIAL DEVELOPMENT REVENUE BONDS FOR 0. V. WHITE AND C. L. WHITE ASSOCIATES, A VIRGINIA GENERAL PARTNERSHIP WIIEREAS, the CitY of Virginia Beach Development Authority (the "Authority") has considered the application and plan of financing of 0. V. White and C. I,. White Associates, a Virginia general partnership (the "Company") for the issuance of the Authority's industrial develop- ment revenue bonds in an Rmount estimated at Four Hundred Fifty Thousand I)ollars ($450,000.00) (the "Bonds") to assist in the financing of the Company's acquisition of approximately fifty-one thousand (51,000) square feet of land located on Cleveland Street in the Commerce Industrial Park, Virginia Beach, Virgirda, and the construction and Pquipping thereon of a seventeen thousand (17,000) square foot industrial and commercial warehouseloffice building facility (the "Facility") and has held a public hearing thereon on December 13, 1983; and WliEREAS, tbe Authority has requested the City Council (the "Council") of Virginia Beach, Virginia (the "City") to approve the issuance of the Bonds to comply with Section 103(k) of the Internal Revenue Code of 1954, as amended; and WHEREAS, pursuant to Section 15.1-1378.1 Code of Virginia, 1950, as amended, a copy of the Authority's resolution approving the issuance of the Bonds, subject to terms to be agreed upon, and a reaso- nably detailed summary of the comments expressed at the public hearing, if any, have been filed with the Council of the City of Virginia Beach, Virginia; THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF VIRGINIA BEACH, VIRGINIA: 1. The Council of the City of Virginia Beach, Virginia, appro- ves the issuance of the Bonds by the City of Virginia Beach Development Authority for the benefit of 0. V. White and C. L. White Associates, a Virginia general partnership to the extent of and as required by Section 103(k) of the Internal Revenue Code, to permit the Authority to assist in the financing of the Facility. 2. The approvgl of the issuance of the Bonds, as required by Section 103(k), does not constitute an endorsement of the Bonds or the creditworthiness of the Company; but, pursuant to Chapter 643, Virginia Acts of Assembly of 1964, as amended, the Bonds shall provide that neither the City nor the Authority shall be obligated to pay the Bonds or the interest thereon or other costs incident thereto except from the revenues and monies pledged therefore, and neither the faith or credit nor the taxing power of the Commonwealth, the City or the Authority shall be pledged thereto. 3. This Resolution shall take effect immediately upon its adoption. ADOPTED by a majority of a quorum of the Council of the City of Virginia Beach, Virginia on December 19, 1983. II.C.28.C -2- SUMMARY SHEET CITY OF VIRGINIA BEACH DEVELOPMENT AUTHORITY INDUSTRIAL DEVELOPMENT REVENUE BOND Project Name: 0. V. WHITE AND C. L. WHITE ASSOCIATES, A VIRGINIA GENERAL PARTNERSHIP Project Location: TO BE LOCATED ON CLEVELAND STREET IN THE COMMERCE INDUSTRIAL PARK, VIRGINIA BEACH, VIRGINIA Description of Project: A 17 000 SQUARE FOOT INDUSTRIAL AND COMMERCIAL WAREHOUSE/OFFICE BUILDING FACILITY Amount of Bond (s): $450,000.00 Principals: 0. V. WHITE AND C. L. WHITE ll.C.33.C SUMMARY SHEET CITY OF VIRGINIA BEACH DEVELOPMENT AUTHORITY INDUSTRIAL DEVELOPMENT REVENUE BOND old Donation Medical Associates Project Name: formerly First Colonial Orthopedic Associates Location: South Side of old Donation Parkway Directly Across from the old Donation Fire Station Description of Project: Medical office Building Complex Amount of Bond Issue: $3,500,000 Principals: Dr. Robert W. Waddell Dr. John A. Williamson Dr. John L. Dobson Dr. Thomas S. Meade, Jr. Dr. Colin W. Hamilton FISCAL IMPACT STATEMENT November 17, 1983 Old Donation Medical Associates Medical Office Building Facility 1. Maximum amount of financing sought $3,500,000.00 2. Estimated taxable value of the facility's real property to be constructed in the municipality $3,500,000.00 3. Estimated real property tax per year using present tax rates $ 28,000.00 4. Estimated personal property tax per year using present tax rates $ 12,750.00 5. Estimated merchants' capital tax (business license tax) per year using present tax rates $ 26,816.50 6. Estimated dollar value per year of goods and services that will be purcliased locally $ 400,000.00 7. Estimated number of regular employees on year round basis $68 full-time 12 part-time 8. Average annual salary per employee $ 15,875.00 full-time 5,200.00 part-time The information contained in this Statement is based solely on facts and estimates provided by the Applicant, and the Authority has made no independent investi- gation with respect thereto. CITY OF VIRGINIA BEACH DEVELOPMENT AUTHORITY By_ Chairman RESOLUTION APPROVING THE ISSUANCE OF INDUSTRIAL DEVELOPMENT REVENUE BONDS FOR OLD DONATION MEDICAL ASSOCIATES WHEREAS, the City of Virginia Beach Development Authority (the Authority), has considered the application of Old Donation Medical Associates (the Company) for the issuance of the Authority's industrial development revenue bonds in an amount not to exceed $3,500,000 (the Bonds) to assist in the financing of the Company's acquisition, construction and equipping of a medical office building complex (the Facility) to be located on the south side of Old Donation Parkway directly across the street from the Old Donation fire station, in the City of Virginia Beach, Virginia, and to be owned by the Company, and has held a public hearing thereon on December 13, 1983; and WHEREAS, the Authority has requested the City Council (the Council) of the City of Virginia Beach, Virginia (the City), to approve the issuance of the Bonds to comply with Section 103(k) of the Internal Revenue Code of 1954, as amended, and Section 15.1-1378.1 of the Code of Virginia of 1950, as amended; and WHEREAS, a copy of the Authority's resolution approving the issuance of the Bonds, subject to Lerms to be agreed upon, a record of the public hearing with respect to the Bonds, a Fiscal Impact Statement in the form prescribed by Section 15.1-1378.2 of the Code of Virginia of 1950, as amended, and a reasonably detailed summary of the comments expressed at the public hearing, if any, have been filed with the Clerk of the Council; BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF VIRGINIA BEACH, VIRGINIA: 1. The recitals made in the preambles to this Resolution are hereby adopted as a part of this Resolution. 2. The Council of the City of Virginia Beach, Virginia, approves the issuance of the Bonds by the City of Virginia Beach Development Authority for the benefit of Old Donation Medical Associates (the Company), to the extent of and as required by Section 103(k) of the Internal Revenue Code o" 1954, as amended, and Section 15.1-1378.1 of the Code oE Virginia of 1950, as amended, to permit the Authority to assist in the financing of the Facility. 3. The approval of the issuance of the Bonds, as required by such Sections 103(k) and 15.1-1378.1, does not constitute an endorsement of the Bonds or the credit- wortliiness of the Company, but, pursuant to Chapter 643, Virginia Acts of Assembly of 1964, as amended, the Bonds shall provide that neither the City nor the Authority shall be obli-.ated to pay the Bonds or thl-interest thereon or other costs incident thereto except from the revenues and moneys pledged therefor, and neither the faith or credi-t nor the taxing power of the Commonwealth, the City, or the Authority shall be pledged thereto. 4. This Resolution shall take effect immediately upon its adoption. Adopted by a majority of a quorum of the Council of the City of Virginia Beach, Virginia, on 1983. -2- SUMMARY SHEET CITY OF VIRGINIA BEACH DEVELOPMENT AUTHORITY INDUSTRIAL DEVELOPMENT REVENUE BOND Project Name: Parker Road Associates Project Location: 100 Parker Lane, Virginia Beach, Virginia St--' Product Description of Project: Ma@facturinsg Facility Amount of 13ond(s) $765,000 Principals: Harold F. Scattergood, Jr., David J. Cross and John T. Henning FISCAL IMPACT STATEMENT December 13, 1983 Parker Road Associates Steel Products Manufacturing Far-iiity 1. Maximum amount of financing sought $ 765,OUU 2. Estimated taxable value of the facility's real property to be constructed in the municipality $ 500,000 3. Estimated real property tax per year using present tax rates $ 4,000 4. Estimated personal property tax per year using present tax rates $ 17,400 @,5. Estimated merchants I capital tax (business license tax) per year using present tax rates $ 16,042 6. Estimated dollar value per year of goods and services that will be purchased locally $ 85,000 7. Estiinated number of regular employees on year round basis * 22 8. Average annual salary per employee $ 15,UOO The information contained in this Statement is based solely on facts and estimates provided by the Application, and the Authority has made no independent investigation with respect thereto. CITY OF VIRGINIA BEACH DEVELOFMEN'f AU'riiORITY By Chairman RESOLUTION APPROVING THE ISSUANCE OF INDUSTRIAL DEVELOPMENT REVENUE BONDS FOR PARKER ROAD ASSOCIATES WtIEREAS, the City of Virginia Beach Development Authority (the Authority), has considered the application of Parker Road Associates (the Company) for the issuance of the Authority's industrial development revenue bonds in an amount not to exceed $765,000 (the Bonds) to assist in the financing of the -lompany's acquisition, renovation and equipping of a steel products manufacturing facility (the Facility) located at 100 Parker Lane in the City of Virginia Beach, Virginia, and to be owned by the Company, and has held a public hearing thereon on December 13, 1983; and WHEREAS, the Authority has requested that the City Council (the Council) of City of Virginia Beach, Virginia (the City), approve the issuance of the Bonds to comply with Section 103(k) of the Internal Revenue Code of 1954, as amended, and Section 15.1-1378.1 of the Code of Virginia of 1950, as amended; and WHEREAS, a copy of the Authority's resolution approving the issuance of the Bonds, subjer-t to terms to be ,agreed upon, a record of the public hearing with respect to the Bonds, a Fiscal Impact Statement in the form prescribed by Section 15.1-1378.2 of the Code of Virginia of 1950, as amended, and a reasonably detailed summary of the comments expressed at the public hearing, if any, have been filed with tlie Council; BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF VIRGINIA BEACH, VIRGINIA: 1. The recitals made in the preambles to this Resolution are hereby adopted as a part of this Resolution. 2. The Council of the City of Virginia Beach, Virginia, approves the issuance of the Bonds by the City of Virginia Beach Development Authority for the benefit of the Company, to tlie extent of and as required by Section 103(k) of the Internal Revenue Code of 1954, as amended, and Ser-tion 15.1-1378.1 of the Code of Virginia of 1950, as amended, to permit the Authority to assist in the financing of the Facility. 3. The approval of the issuance of the Bonds, as required by such Sections 103(k) and 15.1-1378.1, does not constitute an endorsement of the Bonds or the credit- worthiness of the Company, but, pursuant to Chapter 643, Virginia Acts of Assembly of 1964, as amended, the Bonds shall provide that neither the City tior the Authority shall be obligated to pay the Bonds or the interest thereon or other costs incident thereto except from the revenues and moneys pledged therefor, and neither the faith or credit nor tlie taxing power of the Commonwealth, the City, or the Authority shall be pledged thereto. 4. This Resolution shall take effect immediately upon its adoption. Adopted by the Council of the City of Virginia Beach, Virginia, on 1983. -2- SUMMARY SHEET CITY OF VIRGINIA BEACH DEVELOPMENT AUTHORITY INDUSTRIAL DEVELOPMENT REVENUE BOND Project Name: PEMBROKE SOUTH ASSOCIATES FACILITY Project Location: 5.65 acre parcel approximately 225 feet west of Independence Blvd., be- tween Virginia Beach Blvd. and Columbus Street Description of Project: 216 unit suite hotel with con- ference, recreational and admin- istrative office facilities Amount of Bond(s): Not more than $10,000,000.00, pur- suant to a three phase plan of financing Principals: Lance A. Lavenstein and Lavenstein Development Corporation, a Virginia corporation mh.f ss.psa.c FISCAL IMPACT STATEMENT FOR PROPOSED INDUSTRIAL REVENUE BOND FINANCING DATE: TO: THE CITY COUNCIL OF VIRGINIA BEACH, VIRGINIA PROJECT NAME: Pembroke South Associates Facility TYPE OF FACILITY: 216 Unit Suite Hotel 1. Maximum amount of financing sought s 10,000,000.00 2. Estimated taxable value of the facility's real property to be constructed in the municipality $ 2,600,000.00* 3. Estimated real property tax per year using present tax rates $ 20,800.00* 4. Estimated personal property tax per year using present tax rates $ 16,200.00* 5. Estimated merchants' capital tax (e.g. business licenses, etc.) per year using present tax rates $ 82,850.00* 6. Estimated dollar value per year of goods and services (including professional services) that will be purchased locally $ 215,000.00* 7. Estimated number of regular employees on year round basis 20* 8. Average annual salary per employee $ 8,400.00* *NOTE: Estimates based only on phase one of Facility, containing 72 suites, during first year of operation. The information contained in this statement is based solely on facts and estimates provided by the Applicant and the Authority has made no independent investigation with respect thereto. CITY OF VIRGINIA BEACH DEVELOPMENT AUTHORITY OF VIRGINIA BEACH, VIRGINIA By Authority Chairman mh.a fis.psa.c A meeting of the Council of the City of Virginia Beach, Virginia, at which a quorum was present, was held in the Council Chambers, in the Administration Building, on the day of 1983. Present: Vote, Absent: on motion by seconded by and voted upon as herein set forth, the following resolution was adopted. RESOLUTION OF CITY COUNCIL APPROVING THE PLAN OF FINANCING OF PEMBROKE SOUTH ASSOCIATES WHEREAS, the City of Virginia Beach Development Authority of Virginia Beach, whose address is 401 Lynnhaven Parkway, virginia Beach, Virginia (the Authority) has con- sidered the application of Pembroke South Associates, a Virginia limited partnership, whose address is 4605 Pembroke Lake Circle, Virginia Beach, Virginia 23455 (the Company) for the issuance of the Authority's industrial development revenue bond in an amount not to exceed $10,000,000 (the Bond) to assist in the financing of the Company's construc- tion, furnishing and equipping of a two hundred-sixteen unit suite hotel with related conference, activity, recreational, and administrative office facilities (the Facility) on a 5.65 acre parcel of land located approximately 225 feet west of independence Boulevard, between Virginia Beach Boulevard and Columbus Street, in Virginia Beach, Virginia to be owned by the Company, and leased to and operated by Lavenstein Group, Inc., a Virginia corporation, and has held a public hearing thereon on December 13, 1983 -; and WHEREAS, the Authority has requested the City Council (the Council) of Virginia Beach, Virginia (the City) - 1 - to approve the plan of financing, to comply with Section 103(k) of the Internal Revenue Code of 1954, as amended; and WHEREAS, pursuant to 515.1-1378.1, Code of Virgi- nia, as amended, a copy of the Authority's resolution approving the issuance of the Bond, subject to terms to be agreed upon and a reasonably detailed summary of the com- ments expressed at the public hearing, if any, have been filed with the Council of the City of Virginia Beach, Virgi- nia; TtiEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF VIRGINIA BEACH, VIRGINIA: 1. The Council of the City of Virginia Beacht Virginia, approves the plan of financing by the City of Virginia Beach Development Authority, for the benefit of Pembroke South Associates, a Virginia limited partnership, whose address is 4605 Pembroke Lake Circle, virginia Beach, Virginia 23455, to the extent of and as required by Section 103(k) of the Internal Revenue Code, to permit the Authority to assist in the financing of the FacilitY- 2. The approval of the plan of financing as required by Section 103(k), does not constitute an endorse- ment of the Bond or the creditworthiness of the Company, but, pursuant to Chapter 643, Virginia Acts of Assembly of 1964, as amended, the Bond shall provide that neither the City nor the Authority shall be obligated to pay the Bond or the interest thereon or other costs incident thereto except from the revenues and moneys pledged therefor, and neither the faith or credit nor the taxing power of the Common- wealth, the City, or the Authority shall be pledged thereto. 3. This Resolution shall take effect iminediately upon its adoption. Adopted by a majority of a quorum of the Council of the City of Virginia Beach, Virginia, on 1983. 2 SUMMARY SHEET CITY OF VIRGINIA BEACH DEVELOPMENT AUTHORITY INDUSTRIAL DEVELOPMENT REVENUE BOND Project -.ame: Pungo West Associates Project Location: 1797 Princess Anne Road Virginia Beach, Virginia Description of Project: Acquisition, construction and equipping of a retail grocery facility Amount of Bond(s): $800,000 Principals: Herbert A. Culpepper Terrence B. Gearhart Robert K. Dean Lawrence L. Joyner Joseph E. Burroughs Jack P. Burroughs FISCAL IMPACT-STATEMENT November 15, 1983 Pungo West Associates Retail Grocery Facility 1. Maximum amount of financing sought $ 800,000 2. Fstimated taxable value of the facility's real property to be constructed in the municipality $ 525,000 3. Estiniated real property tax per year using present tax rates $ 4,200 4. Estimated personal property tax per year using present tax rates $ 2,550 5. Estimated merchants' capital tax (business license tax) per year using present tax rates $ 6,000 6. Estimated dollar value per year of goods and services that will be purcliased locally $2,600,000 7. EstimatL-(i number of regular employees on year round basis $ 14 8. Average annual salary per employee $ 14,785 The information contained in this Statement is based on facts and estimates provided by the Applicant, and the Authority has made no independent investigation with respect thereto. CITY OF VIRGINIA BEACH DEVELOPMENT AUTHORITY By_ Chairman RESOLUTION APPROVING TUE ISSUANCC OF INDUS'RRIAL Dl-'IVELOPMENT REVENUE BONDS FUR PUNGO WEST ASSOCIATES WHEREAS, the City of Virginia Beacii Develop(Rent Autliority (the Authority), has considered the application of Pkingo West Associates (the Company) for tlie issuance ot the Authority's industrial development revenue bonds in an atnount not to exceed $800,000 (the Bonds) to assist in the financing of the Company's acquisition, r-onstruction and equipping of a retail grocery facility (the Facility) to be located at 1797 Princess Anne Road, in the City of Virginia Beach, Virginia, and to be owned by the Company, and has held a public hearing thereon on December 13, 1983; and WHEREAS, the Authority has requested the City Council (the Council) of City of Vireinia Beach, Virginia (tlie City), to approve the issuance of tlie Bonds to coloply with Section 103(k) of the Internal Revenue Code of 1954, as amended, and Section 15.1-1378.1 of tkie Code of Virgiiiia of 1950, as amended; and WHEREAS, a copy of the Authority's resolution approving the issuance of the Bonds, subject to terms to be agreed upon, a record of the public hearing with respect to tlie Bonds, a Fiscal Impact Statement in the form prescribed by Section 15.1-1378.2 of the Code of Virginia of 1950, as amended, and a reasonably detailed summary of the comments expressed at the public hearing, if any, have been filed with the Clerk of Lhe Council; BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF VIRGINIA BEACH, VIRGINLA: 1. The recitals made in the preambles to this Resolution are hereby adopted as a part of this Resolution. 2. The Council of the City of Vireinia Beach, Virginia, approves the issuance of the Bonds by tlie City ot Virginia Beach Development Authority for the benefit of Pungo West Associates (the Company), to the extent of and as required by Sectioii 103(k) of the Internal Revenue Code of 1954, as amended, and Section 15.1-1378.1 of the Code of Virginia of 1950, as amended, to permit the Authority to assist in the financing of the Facility. 3. The approval of the issuance of the Bonds, as required by such Sections 103(k) and 15.1-1378.1, does not constitute an endorsement of the Bonds or the credit- worttiiness of the Company, but, pursuant to Chapter 643, Virginia Acts of Assembly of 1964, as amended, the Bonds shall provide that neither the City nor the Authority shall be obligated to pay the Bonds or the iliterest thereon or otlier costs incident thereto except frum tile revenues and moneys pledged therefor, and neither tlie faith or credit noc tlie taxing power of the Commonwealth, the City, or the Authority shall be pledged thereto. 4. This Resolution shall take effect iinmediately ut)on its a(loption. Adopted by a majority of a quoruni of the Council of the City of Virgitiia Beach, Virginia, on i983. -2- SUMMARY SHEET CITY OF VIRGINIA BEACH DEVELOPMENT AUTHORITY INDUSTRIAL DEVELOPMENT REVENUE BOND Project Name: RARK Associates Location: 161 Business Park Drive Description of Project: Office Building Facility Amount of Bond Issue: $346,000 Principals: Russell J. Redmond F. Brent Amundson Raynor E. Rice, Jr. Louise Kenslow FISCAL IMPACT STATEMENT November 11, 1983 RARK ASSOCIATES, a Virginia general partnership Office Building Facility 161 Business Park Drive Virginia Beach, Virginia 23462 1. Maximum amount of financing sought $ 346,000 2. Estimated taxable value of the facility's real property to be constructed in the municipality $ -0- 3. Estimated real property tax per year using present tax rates $ 1,846 4. Estimated personal property tax per year using present tax rates $ 2,000 5. Estimated merchants' capital tax per year using present tax rates $ 1,500 6. Estimated dollar value per year of goods and services that will be purchased locally $ 200,000 7. Estimated number of regular employees on year round basis 22 8. Average annual salary per employee $ 22,064 CITY OF VIRGINIA BEACH DEVELOPMENT AUTHORITY Authority Chairman A meeting of the Council of the City of Virginia Beach, Virginia, was held in the Council Chambers, in the Administration Building, on the 19th day of December, 1983. On motion by and seconded by the following Resolution was adopted. RESOLUTION OF CITY COUNCIL APPROVING THE ISSUANCE OF INDUSTRIAL DEVELOPMENT REVENUE BOND FOR RARK ASSOCIATES, A VIRGINIA GENERAL PARTNERSHIP WHEREAS, the City of Virginia Beach Development Authority (the Authority), has considered the application of RARK Associates, a Virginia general partnership (the Company) whose address is 161 Business Park Drive, Virginia Beach, Virginia for the issuance of the Authority's industrial development revenue bond in an amount not to exceed $346,000 (the Bond) to assist in financing the acquisition of a 4,770 sq. ft. office building facility (the Facility) located at 161 Business Park Drive, in Virginia Beach, Virginia, and to be owned by the Company and leased to Redmond, Amundson & Rice Advertising Agency, Inc., and has held a public hearing thereon on December 13, 1983; and WHEREAS, the Authority has requested the City Council (the Council) of Virginia Beach, Virginia (the City), to approve the issuance of the Bond to comply with (i) Section 103(k) of the Internal Revenue Code of 1954, as amended (the Internal Revenue Code) and (ii) Section 15.1-1378.1 of the Code of Virginia of 1950, as amended (the Virginia Code); and WHEREAS, a copy of the Authority's resolution approving the issuance of the Bond, subject to terms to be agreed upon, a record of the public hearing and the fiscal impact statement required by Section 15.1-1378.1 of the Virginia Code have been filed with the Clerk of the Council; BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF VIRGINIA BEACH, VIRGINIA: -2 - 1. The City Council of the City approves the foregoing recitals which are incorporated in, and deemed a part of, this Resolution as if fully set forth herein. 2. The Council of the City approves the issuance of the Bond by the Authority, for the benefit of the Company, to the extent required by Section 103(k) of the Internal Revenue Code and Section 15.1-1378.1 of the Virginia Code, to permit the Authority to assist in the financing of the Facility. 3. The approval of the issuance of the Bond, as required by Section 103(k) of the Internal Revenue Code and Section 15.1-1378.1 of the Virginia tode, does not constitute an endorsement of the Bond or the creditworthiness of the Company, but, as required by Section 12.1 of Chapter 643 of the 1964 Acts of the General Assembly of Virginia, as amended, the Bond shall provide that neither the City nor the Authority shall be obligated to pay the Bond or the interest thereon or other costs incident thereto except from the revenues and moneys pledged therefor, and neither the faith or credit nor the taxing power of the Commonwealth, the City or the Authority shall be pledged thereto. 4. This Resolution shall take effect immediately upon its adoption. Adopted by the Council of the City of Virginia Beach, Virginia, on December 19, 1983. CMS/da 1/28/83 (I.1) SU@1MARY SHEET CITY OF VIRGINIA BEACH DEVELOP@IENT AUTliORITY INDUSTRIAL DEVELOPMENT REVENUE BO'@D Project Name: Rosso & Mastracco, Inc. Project Location: 2868 Virqinia Beach Boulevard, Virginia Beach, Virginia Description of Project: Supermarket Facility Amount of Bond(s): $1,000,000 Principals: Vince Mastracco T.M. Vita Ron RossO Gary Rosso FISCAL-I.MPACT STATEMENT December 13, 1983 Rosso & Mastracco, Inc. Supermarket Facility 1. Maximum amount of financing sought $1,000,000 2. Estimated taxable value of the facility's $1,600,000 real property to be constructed in the increased to municipality $2,000,000 3. Fstimated real property tax per year usin-. present tax rates $ 16,000 4. Estimated personal property tax per year usiiig present tax rates $ 40,000 5. Estimated merchants' capital tax (business license tax) per year using present tax rates $ 30,000 6. Estimated dollar value per year of goods and services that will be purchased locally $4,500,000 7. Estimated number of regular employees on year round basis $ 150 8. Average annual salary per employee $ 12,000 The information contained in this Statement is based solely on facts and estimates provided by the Applicant, and the Authority has made no independent investigation with respect thereto. CITY OF VIRGINIA BEACH DEVEI,OPMENT AUTHORITY By___ c RESOLUTION APPROVING 'r[IE ISSUANCE OF INDUS'RRIAL I)EVELOPMENT REVENUE 13ONDS FOR ROSSO & MAS'FRACCO, 1NC. WHEREAS, the City of Virginia Beach Development Authority (the Authority), has considered Lhe application of Rosso & Mastracco, Inc. (the Company) for the issuance of the Authority's industrial development revenue bonds in an amount not to exceed $1,000,000 (the Bonds) to assist in tile financing of the Company's renovation and equipping of a superinarket facility (the Facility) located at 2868 Virginia Beach Boulevard in the City of Virginia Beach, Virginia, and to be owned by the Company, and has held a public hearing thereon on Deceinber 13, 1983; and WIIEREAS, the Aut[iority has requested that the City Council (the Council) of City of Virginia Beach, Virginia (the City), approve tlie issuance of the i3onds to comply with Section 103(k) of the Internal Revenue Code of 1954, as ,,iiflended, and Section 15.1-1378.1 of tlie Code of Vireinia of II)SO, as ainended; and WHEREAS, a r-opy of Lhe AuthoriLy's resolution approving the issuance of the Bonds, subject to ternis Lo be agreed tipon, a record of the public hearing with respect to tlie Bonds, a Fiscal Impact Statemetit in the Eorm prescribed by Section 15.1-1378.2 of the Code of Virginia of 1950, as amended, and a reasonably detailed sutninary of tlie comments expressed at the public hearing, if any, have been filed with the CounciL; BE I'E RESOLVED BY THE CI'FY COUNCIL OF 'FHE CITY OF VIRGINIA BEAC[I, VIRGINIA: 1. The recitals made in the preatables to this Resolution are hereby adopted as a part of this Resolution. 2. The Council of the City of Virginia Beach, Virginia, approves the issuance of the Bonds by the City of Virginia Beach Development Authority for the benefit of ttle Company, to the extent of and as required by Ser-tion 103(k) of the Internal Revenue Code of 1954, as amended, and Ser-tion 15.1-1378.1 of ttie Code of Virginia of 1950, as amended, to perniit the Autliority to assist in the finanr-ine of tile Facility. 3. The approval of the issuance of the Bonds, as require(I by such Sections 103(k) and 15.1-1378.1, does not cotistitute an endorseinent of the Bonds or the credit- wortliiness of the Company, but, pursuant to Chapter 643, Vir,.,itiia Acts of Asseinbly of 1964, as amended, the Bonds shall provide that neitlier tlie City nor the Autliority shall be obligate(I to pay the Bonds or the interest thereon or other costs incident thereto except froifi the revenues anct movieys pledged therefor, and neither tlie faith or credit nor tlie taxing power of the Commonwealth, tlie City, or the Aiitliority shall be pledged thereto. 4. This Resolution shall take effect immediately upon its adoption. Adopted by the Council of ttie City of Virginia Beacli, Virgiiiia, on 1983. SUMMARY SHEET CITY OF VIRGINIA BEACH DEVELOPMENT AUTHORITY INDUSTRIAL DEVELOPMENT REVENUE BOND Project Name: Runnington Executive Building Associates Location: East Side of Business Park Drive, Approx. 4851 North of the Intersection of Business Park Drive and Greenwich Road Description of Project: 27,000 Sq. Ft. office Building Amount of Bond Issue: $1,668,180 Principals: William R. Runnells James H. Brunt, III FISCAL IMPACT STATEMENT November 14, 1983 RUNNINGTON EXECUTIVE BUILDING ASSOCIATES, a Virginia general partnership office Building Business Park Drive Facility 1. Maximum amount of financing sought $1,668,180 2. Estimated taxable value of the facility's real property to be constructed in the municipality $1,215,000 3. Estimated real property tax per year using present tax rates $ 9,720 4. Estimated personal property tax per year using present tax rates $ 4,800 5. Estimated merchants' capital tax per year using present tax rates $ 4,320 6. Estimated dollar value per year of goods and services that will be purchased locally $ 62,910 7. Estimated number of regular employees on year round basis 67 8. Average annual salary per employee $ 12,000 CITY OF VIRGINIA BEACH DEVELOPMENT AUTHORITY Authority Chairman A meeting of the Coun6il of the City of Virginia Beach, Virginia, was held in the Council Chambers, in the Administration Building, on the 19th day of December, 1983. on motion by and seconded by the following Resolution was adopted. RESOLUTION OF CITY COUNCIL APPROVING THE ISSUANCE OF INDUSTRIAL DEVELOPMENT REVENUE BONDS FOR RUNNINGTON EXECUTIVE BUILDING ASSOCIATES WHEREAS, the City of Virginia Beach Development Authority (tlie Authority), has considered the application of Runnington Executive Building Associates, a Virginia general partnership (the Company) whose address is Suite 204, 1080 Laskin Road, Virginia Beach, Virginia, 23451, for the issuance of the Authority's industrial development revenue bond in an amount not to exceed $1,668,180 (the Bond) to assist in financing the acquisition, construction, and equipping of a 27,000 sq. ft. office building facility (the Facility) to be located on the east side of Business Park Drive in Virginia Beach, Virginia, located approximately 485 feet north of the intersection of Business Park Drive and Greenwich Road, and to be owned by the Company, and has held a public hearing thereon on December 13, 1983; and WHEREAS, the Authority has requested the City Council (the Council) of Virginia Beach, Virginia (the City), to approve the issuance of the Bond to comply with (i) Section 103(k) of the Internal Revenue Code of 1954, as amended (the Internal Revenue Code) and (ii) Section 15.1-1378.1 of the Code of Virginia of 1950, as amended (the Virginia Code); and WHEREAS, a copy of the Authority's resolution approving the issuance of the Bond, subject to terms to be agreed upon, a record of the public hearing and the fiscal impact statement required by Section 15.1-1378.1 of the Virginia Code have been filed with the Clerk of the Council; -2 - BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF VIRGINIA BEACH, VIRGINIA: 1. The City Council of the City approves the foregoing recitals which are incorporated in, and deemed a part of, this Resolution as if fully set forth herein. 2. The Council of the City approves the issuance of the Bond by the Authority, for the benefit of the Company, to the extent required by Section 103(k) of the Internal Revenue Code and Section 15.1-1378.1 of the Virginia Code, to permit the Authority to assist in the financing of the Facility. 3. The approval of the issuance of the Bond, as required by Section 103(k) of the Internal Revenue Code and Section 15.1-1378.1 of the Virginia Code, does not constitute an endorsement of the Bond or the creditworthiness of the Company, but, as required by Section 12.1 of Chapter 643 of the 1964 Acts of the General Assembly of Virginia, as amended, the Bond shall provide that neither the City nor the Authority shall be obligated to pay the Bond or the interest thereon or other costs incident thereto except from the revenues and moneys pledged therefor, and neither the faith or credit nor the taxing power of the Commonwealth, the City or the Authority shall be pledged thereto. 4. This Resolution shall take effect immediately upon its adoption. Adopted by the Council of the City of Virginia Beach, Virginia, on December 19, 1983. CMS/da 1/28/83 (1.1) SUMMARY SHEL'F Cl'fY OF VIRGINIA BEACH DEVELOPMENT AU'RHORITY INDUSTRIAL DEVELOPMENT REVENUE BOND Project Name: Rose Hall Village Shops Project Location: Virginia Beach Boulevard iinmediately west of the Francis Hall House Description of Project: Retail-office complex Amount of Bond(s): $3,500,000 Principals: liarvey H. Shiflet, Ill William R. Cox, Jr. Frank B. Gigliotti Cross Construction Company FISCAL IMPACT STATEMENT Lli Rose Hall Village Shops Retail Office Complex 1. Maxiinum amount of financing sought $3,500,000 2. Estimated taxable value of the facility's real property to be constructed in the inunicipality $4,500,000 3. Estitnated real property tax per year lising present tax rates $ 36,000 4. Estiinated personal property tax per year using present tax rates $ 27,UOO S. Estitnated merchants' capital tax (business license tax) per year using presetit tax rates 32,000 6. Estiinated dollar value per year of goods and services that will be purcliased locally *1,300,OOU 7. Estiinated number of regular einployees on year round basis 200 8. Average annual salary per employee $ 15,000 The information contained in this stateinent is 13;ised solely on facts and estimates provided by tlie Applicant, and the Authority has made no independent investigation with respect thereto. CITY OF VIR(;INIA BEACH DEVELOPMENT AUTHORI'EY By Chairqian A meeting of the Council of the City of Virginia Beach, Virginia, was held in the Council Chainbers, in the Administration Building, on the day of 1983. On motion by and seconded by t e o owing Resolution was adopted. RESOLUTION APPROVING TIIE ISSUANCE OF INDUSTRIAL DEVELOP@IENT REVENUE BONL)S FUR ROSE HALL VILLAGE SHOPS WHEREAS, the City of Virginia Beach Development Authority (the Autliority), has considered the application of Rose Hall Village Shops (the Company), a Virginia limited or general partnership to be formed, the managing or general partners of which will be Harvey H. Shiflet, 111, William R. Cox, Jr., Frank B. Gigliotti and Cross Construction Coinpany, for the issuance of the Authority's industrial development revenue bonds in an amount not to exceed $3,5UO,000 (the Bonds) to assist in the financing of the Company's acquisition, construction and equipping of a retail and office complex facility (the Facility) consisting of approxi- mately 50,000 square feet to be located on Parcel A "Subdivision of Rose Hall Office Park Lynnhaven Borough Va. Beach, Va.," which is immediately west of the Francis Land House located on Virginia Beach Boulevard, in the City of Virginia Beach, Virginia, and to be owned by the Company, and has held a public hearing thereon on December 13, 1983; and WHEREAS, the Authority has requested that the City Council (the Council) of City of Virginia Beach, Virginia (the City), approve the issuance of the Bonds to comply with Section 103(k) of the Internal Revenue Code of 1954, as ainended, and Section 15.1-1378.1 of the Code of Virginia of 1950, as amended; and WliEREAS, a copy of the Authority's resolution approving the issuance of the Bonds, subject to terms to be agreed upon, a record of the public hearing with respect to the Bonds, a Fiscal Impact Statement in the form prescribed by Section 15.1-1378.2 of the Code of Virginia of 1950, as amended, and a reasonably detailed summary of the coinments expressed at the public hearing have been filed with the Council; BE IT RESOLVED BY THE CI'RY COUNCIL OF 'rHE CITY OF VIRGINIA BEACH, VIRGINIA: 1. The recitals made in the preatnbles to this Resolution are hereby adopted as a part of this Resolution. 2. The Council of the City of Virginia Beach, Virginia, approves the issuance of the Bonds by the City of Virginia Beach Development Authority for the benefit of Rose Hall Village Shops (the Company), to the extent of and as required by Section 103(k) of the Internal Revenue Code of 1954, as amended, and Section 15.1-1378.1 of the Code of Virginia of 1950, as amended, to permit the Authority to assist in the financing of the Facility. 3. The approval of the issuance of the Bonds, as required by such Sections 103(k) and 15.1-1378.1, does not constitute an endorsement of the Bonds or tlie credit- worthiness of the Company, but, pursuant to Chapter 643, Virginia Acts of Assembly of 1964, as amended, the Bonds shall provide that neither the City nor the Authority shall be obligated to pay the Bonds or the interest thereon or other costs incident thereto except froin the revenues and moneys pledged therefor, and neither the faith or credit nor the taxing power of the Commonwealth, the City, or the Authority shall be pledged thereto. 4. This Resolution shall take effect immediately upon its adoption. Adopted by the Council of the City of Virginia Beach, Virginia, on 1983. SUMMARY SHEET CITY OF VIRGINIA BEACH DEVELOPMENT AUTHORITY INDUSTRIAL DEVELOPMENT REVENUE BOND Project Name: South Court Office Park Project Location: 446 South Independence Boulevard Description of Pr6ject: 3 - 2 story office buildings, each being 8,400 square feet. Amount of Bond(s): $1,400,000.00 Principals: Paul J. Ferrell William J. Hearring Wendell A. White Roland C. Smith FISCAL IMPACT STATEMENT FOR PROPOSED INDUSTRIAL REVENUE BOND FINANCING DATE: November 11, 1983 TO THE CITY COUNCIL CITY OF VIRGINTA BEACH, VIRGINIA APPLICANT: South Court Associates, a Virginia General Partnership FACILITY: South Court Office Park 1. Maximum amount of financing sought $1,400,000.00 2. Estimated taxable value of the facility's real property to be constructed in the municipality $120,000.00 (Land) 1,360,000.00 (Imprv) 1,480,0 0. 0(Total) 3. Estimated real property tax per year using present tax rates $11,840.00 4. Estimated personal property tax per year using present tax rates $6,300.00 5. Estimated merchants' capital (business license) tax per year using present tax rates $13,200.00 6. Estimated dollar value per year of goods and services that will be purchased locally $475,000.00 7. Estimated number of regular employees on year round basis 150 8. Average annual salary per employee $23,650.00 The information contained in this Statement is based solely on facts and estimates provided by the Applicant, and the Authority has made no independent investigation with respect thereto. City of Virginia Beach Development Authority By Chairman RESOLUTION APPROVING THE ISSUANCE OF INDUSTRIAL DEVELOPMENT REVENUE BONDS FOR SOUTH COURT ASSOCIATES WHEREAS, the City of Virginia Beach Development Authority (the Authority) has considered the application of South Court Associates, aVirginia General Partnership (the Company) for the issuance of the Authority's industrial development revenue bonds in an amount not to exceed $1,400,000.00 (the Bonds) to assist in the financing of the Company's acquisition, construction, and equipping of an office facility (the Facility) to be located at 446 South Independence Boulevard in the City of Virginia Beach, Virginia, and has held a public hearing thereon on December 13, 1983; and WHEREAS, the Authority has requested the City Council (the Council) of Virginia Beach, Virginia (the City), to approve the issuance of the Bonds to comply with Section 103(k) of the Internal Revenue Code of 1954, as amended; and WHEREAS, a copy of the Authority's resolution approving the issuance of the Bonds, subject to terms to be agreed upon, and a record of the public hearing have been filed with the Clerk of the Council; THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF VIRGINIA BEACH, VIRGINIA: 1. The Council of the City of Virginia Beach, Virginia, approves the issuance of the bonds by the City of Virginia Beach Development Authority for the benefit of South Court Associates, to the extent of and as required by Section 103(k) of the Internal Revenue Code, to permit the Authority to assist in the financing of the Facility. 2. The approval of the issuance of the Bonds, as required by Section 103(k), does not constitute an endorsement of the Bonds or the creditworthiness of the Company; but, pursuant to Chapter 643, Virginia Acts of Assembly of 1964, as amended, the Bonds shall provide that neither the City nor the Authority shall be obligated to pay the Bonds or the interest thereon or other costs incident thereto except from the revenues and moneys pledged therefor, and neither the faith or credit nor the tax power of the Commonwealth, the City, or the Authority shall be pledged thereto. 3. This Resolution shall take effect immediately upon its adoption. Adopted by a majority of a quorum of the Council of the City of Virginia Beach, Virginia, on 1983. SUMMARY SHEET CITY OF VIRGINIA BEACH DEVELOPMENT AUTHORITY INDUSTRIAL DEVELOPMENT REVENUE BOND Project Name: 3600 PACIFIC ASSOCIATES FACILITY Project Location: Situated on a 18,750 square foot parcel on the northwest corner of the intersection of 36th Street and Pacific Avenue Description of Project: 10,150 square foot, two story, offi- ce building Amount of Bond(s): $1,000,000.00 Principals: B. Bruce Taylor - 50% Raymon W. Breeden, Jr. - 50% mh.f ss.pac.c FISCAL IMPACT STA.TEMENT FOR PROPOSED INDUSTRIAL REVENUE 6OND FINANCING DATE: TO: THE CITY COUNCIL OF VIRGINIA BEACH, VIRGINIA PROJECT NAME: 3600 Pacific Associates Facility TYPE OF FACILITY: Professional Office Building 1. Maximum amount of financing sought $1,000,000.00 2. Estimated taxable value of the facility's real property to be constructed in the municipality $920,000.00 3. Estimated real property tax per year using present tax rates $7,400.00 @4. Estimated personal property tax per year using present tax rates 0.00 5. Estimated merchants' capital tax (e.g. business licenses, etc.) per year using present tax rates $4,600.00 6. Estimated dollar value per year of goods and services (including professional services) that will be purchased locally $100,000.00 7. Estimated number of additional regular employees on year round basis 20 B. Average annual salary per employee $20,000.00 NOTE: Furnishings/equipment not included in project. The information contained in this statement is based solely on facts and estimates provided by the Applicant and the Authority has made no independent investigation with respect thereto. CITY OF VIRGINIA BEACH DEVELOPMENT AUTHORITY OF VIRGINIA BEACH, VIRGINIA By Authority Chairman mh.f fis.pac.c A meeting of the Council of the City of Virginia Beach, Virginia, at which a quorum was present, was held in the Council Chambers, in the Administration Building, on the day of 1983. Present: Vote: Abse-nt: On motion by seconded by and voted upon as herein set forth, Th-e-C6-f@@i-ng @s@u l@on was adopted. RESOLUTION OF CITY COUNCIL APPROVIMG 'rHE ISSUANCE OF lr4OUSTaIAL DEV6LOPMEMT REVFNUE BOND FOR 3600 PACIFIC A.SSOCIA'FES WHEREAS, the City of Virginia Beach Development Authority of Virginia Beach, whose address is 401 Lynnhaven Parkway, Virginia Beach, Virginia (the "Authority") has con- sidered the aL3plication of 3600 Pacific Associates, a Virgi- nia limited partnership, whose address is 3330 Pacific Avenue, Virginia Beach, Virginia 23451 (the "Company"), for the issuance of the Authority's industrial development reve- nue bond in an amount estimated at not more than $1,000,000 (the )3ond) to assist in the financing of the Company's acquisition, construction and equipping of a 10,150 square foot, two story, office building (the "Facility") to be locato(i on a 18,175 square foot parcel of land situated on the northwest corner of the intersection of 36th Street and Pacific Avenue in Virginia Beach, Virginia, to be owned and oL)Pratod by the Company, and has held a public hearing there,)n on December 13, and; @4HEREAS, the Authority has requested the City Coun- cil (the "Councit") of Virginia B,-acti, Virginia (the "City") to approve the issuance of the Bond to comply with Section 103(k) of the Internal Revenue Code of 1954, as amended; and WHFRFAS, pursuant to SS15.1-1378.1, Code of virginia, as amended, a copy of the Authority's resolution approving th(, issuance of the Bond, subject to terms to be agreed upon and a reasonably detailed summary of the com- ments expressed at the public hearing, if any, have been filed with the Council of the City of Virginia Beach, Virgi- nia; THERFFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE Cl'rY OF VIRGINIA BEACH, VIRGINIA: 1. The Council of the City of Virginia Beach, Virginia, approves the issuance of the Bond by the City of Virginia Beach Development Authority, for the benefit of 3600 Pacific Associates, a Virginia limited partnership, 3330 Pacific Avenue, Virginia Beach, Virginia 23451, to the extent r)f and as required by Section 103(k) of tfte Internal f@eVOtILI(@ , t,) L)ermit the Atithority tc) assi,;t in the financin,g of the Facility. 2. The approval of the issuance of the Bond, as required by Section 103(k) , does not constitute an endorse- ment of the Bond or the creditwortliines.,; of the Company, but, pur.@ilant to Chapter 643, Virginia Acts of Assembly of 1964, a-, amended, the Bond shall provide that neittler the City nor tii(@ Authority shall t)e (:)bligated t,@ Ljay the Bond or the interest thereon or other costs incident thereto except from the r(,venues and moneys pledged therefor, and neither tlie faith or credit nor the taxing power of the Common- wealth, the City, or the Authority shall be pledged thereto. 3. This Resolution shall take effect i,nmediately upon its adoi)ti()n. Adoi)ted by a majority of a quorum of the Council of the (:ity of vir@jinia Beach, Virginia, on 1983. mh.f r.pac.c 2 SUMMARY SHEET CITY OF VIRGINIA BEACH DEVELOPMENT AUTHORITY INDUSTRIAL DEVELOPMENT REVENUE BOND Project -,ame: Ward Avenue Associates Facility Project Location: 5728 Ward Avenue Virginia Beach, Virginia Description of Project: Acquisition, renovation and equipping of an existing office warehouse facility Amount of Bond(s): $550,000 Principals: Daniel A. Hoffler A. Russell Kirk FISCAL IMPACT STATEMENT November 15, 1983 Ward Avenue Associates office/Warehouse Facility 1. Maximum amount of financing sought $ 550,UOO 2. Estimated taxable value of the facility's real property to be constructed in the municipality $ 500,000 3. Estimated real property tax per year using present tax rates @ 4,000 4. Estiinated personal property tax per year using present tax rates @ 0 5. Estimated merchants' capital tax (business license tax) per year using present tax rates @ 4,000 6. Estimated dollar value per year of goods and services that will be purchased locally * 125,000 7. Estitnated number of regular employees on year round basis @ 50 8. Average annual salary per employee *12-15,UOO The information contained in this state- ment is based solely on facts and estimates pro- vided by the Applicant, and the Authority has made no independent investigation with respect tkiereto. CITY OF VIRGINIA BEACH DEVELOPMENT AUTHORI'RY By Chairmati RESOLUTION APPROVING THE ISSUANCE OF 1NDUSTRIAL DEVELOPMENT REVENUE BONDS FOR WARD AVENUE ASSOCIATES WHEREAS, the City of Virginia Beach Development Authority (the Authority), has considered the application of Ward Avenue Associates (the Company) for the issuance of the Authority's industrial development revenue bonds in an amount not to exceed $550,000 (the Bonds) to assist in the financing of the Company's acquisition, renovation and equipping of an office/warehouse facility (the Facility) located at 5728 Ward Avenue, in the City of Virginia Beach, Virginia, and to be owned by the Company, and has held a public hearing thereon on December 13, 1983; and WIIEREAS, the Authority has requested the City Council (the Council) of City of Virginia Beach, Virginia (the City), to approve the issuance of the Bonds to comply with Section 103(k) of the Internal Revenue Code of 1954, as amended, and Section 15.1-1378.1 of the Code of Virginia of 1950, as amended; and WIIEREAS, a copy of the Authority's resolution approving tlie issuance of the Bonds, subject to terins to be agreed upon, a record of the public hearing with respect to the Bonds, a Fiscal Impact Statement in the forni prescribed by Section 15.1-1378.2 of the Code of Virginia of 1950, as amended, and a reasonably detailed summary of the comments expressed at the public hearing, if any, have been filed with the Clerk of the Council; BE 1'r RESOLVED BY THE CITY COUNCIL OF THE CITY OF VIRGINIA BEACH, VIRGINIA: 1. The recitals made in the preambles to this Resolution are hereby adopted as a part of this Resolution. 2. The Council of the City of Virginia Beach, Virginia, approves the issuance of the Bonds by the City of I 1; Virginia Beach Development Authority for the benefit of Ward Avenue Associates (the Company), to the extent of and as required by Section 103(k) of the Internal Revenue Code of 1954, as amended, and Section 15.1-1378.1 of the Code of Virginia of 1950, as amended, to permit the Autliority to assist in the financing of the Facility. 3. The approval of the issuance of the Bonds, as required by such Sections 103(k) and 15.1-1378.1, does not constitute an endorsement of the Bonds or tlie credit- worthiness of the Company, but, pursuant to Chapter b43, Virginia Acts of Assembly of 1964, as amended, the bonds shall provide that neither the City nor tlie Authority shall be obligated to pay the Bonds or the intqrest thereon or other costs incident thereto except from the revenues and moneys pledged therefor, and neither the faith or credit nor tlie taxing power of the Commonwealth, the City, or the Authority shall be pledged thereto. 4. This Resolution shall take effect iiamediately upon its adoption. Adopted by a majority of a quorum of the Council of the City of Virginia Beach, Virginia, on 1983. -2- SUMMARY SHEE'F Cl'rY OF VIRGINLA BEACH I)EVELO@IEN'r AU'R[IORITY INDUSTRIAL DEVELOPMENT REVENUE BOND Project Name: Snyder Enterprises Project Location: 2697 Dean Drive Virginia Bear-h, Virginia Descrption of Project: Office Building Amount of Bond(s): $1,150,000.00 Principals: Harry L. Snyder, Jr. Louis P. Snyder FISCAL IMPACT STA'REMENT Noveinber 11, 1983 Snyder Enterprises Office Building Facility 1. Maximum amount of financing sought $1,150,000 2. Estiinated taxable value of the facility's real property to be constructed in the municipality $1,325,000 3. Estiinated real property tax per year using present tax rates * 10,600 4. Estimated personal property tax per year using present tax rates $ 3,000 5. Estimated mercliants' capital tax (business license tax) per year using present tax rates $ 4,000 6. Estitnated dollar value per year of goods and services that will be purcliased locally $ 100,000 7. Estitnate(i riumber of regular employees on year rotind basis @ 100 8. Average annual salary per einployee $ 15,000 The infortnation contained in this Statement is based solely on facts and estimates provided by tlie Applicant, and the Authority has made no independent itivestigation with respect thereto. CITY OF VLRGINIA BEACH DEVELOP@IEN'f AU'r[40RI'FY By Chair,nan A meetitig of tkie CounciL of the City of Virginia Beach, Virgitiia, was held in the Couiicil Chaiiibers, ill the Adt,.iinistration Building, on the day of 1983. On motion by and seconde(I by t'tie fo owing was i Resolution I Pt,2 RESOLUTION APPROVIN(; 'r@iE MOI)LL,'LCA'fioN OF AN INDUSTRIAL DEVELOPMENT REVLNUE BOND ISSUED FOR SNYDER ENTERPRISES W[IEI@EAS, the City of Virginia Beach Development Authority (the Authority), has considered the request of Snyder Eiiterprises (the Company) for the inodification of the repayment terms of the Authority's 1982-$1,150,000 Industrial Development Revenue Bond (the Bond) issued to assist in tile financing of the Company's office building far-iiity (the Facility) located at 2697 Dean Drive, in the City of Virginia Beach, Virginia, and owned by the Cotapany, and has held a public liearing thereon on December 13, 1983; and WHEREAS, the Authority has requested ttiat the City Council (the Council) of City of Virginia Beach, Virginia (the City), approve the modification of the repaymetit terms of the Bond, tlie maximum prinr-ipal amount of whicli will reiiiain $1,150,000,to comply with Section 103(k) of the Internal Revenue Code of 1954, as amended, and Section 15.1-1378.1 of the Code of Virginia of 1950, as amended; and WHEREAS, a copy of the Authority's resolutioll approving the modification of the repayment terms of the Bond, subject to terms to be agreed upon, a record of the public hearing with respect to the Bond and a Fiscal Impact Statefiient in the form prescribed by Section 15.1-i378.2 of the Code of Virginia of 1950, as amended, and a reasonably detailed summary of the comments expressed at the public hearing liave been filed with the Council; BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF VIRGINIA BEACH@ VIRGINIA: .1. The recitals made in the preambles to this Resolution are hereby adopted as a part of this Resolution. 2 . The Council of the City of Virginia Beach, Virginia, approves the modification of tlie repayment terms of the Bond by the City of Virginia Beach Developinent Authority for the benefit of Snyder Enterprises (the Company), to the extent of and as required by Section 103(k) of the Internal Revenue Code of 1954, as amended, and Section 15.1-1378.1 of the Code of Virginia of 1950, as amended, to permit the Authority to assist in the financing of the Facility. 3. The approval of the modification of the Bond, as required by such Sections 103(k) and 15.1-1378.1, does not constitute an endorsement of tlie Bond or the credit- worthiness of the Company, but, pursuant to Chapter 643, Virginia Acts of Assembly of 1964, as amended, the Bond as modified provides that neither the City nor the Authority shall be obligated to pay the Bond or the interest thereon or other costs incident thereto except from the revenues and moneys pledged therefor, and neither the faith or credit nor the taxing power of the Commonwealth, the City, or the Authority shall be pledged thereto. 4. This Resolution shall take effect iinmediately upon its adoption. Adopted by the Council of the City of Virginia Beach, Virginia, on 1983. -2- SUMMARY SHEET CITY OF VIRGINIA BEACH DEVELOPMENT AUTHORITY INDUSTRIAL DEVELOPMENT REVENUE BOND Project Name: S & H Company Location: 397 Little Neck Road Description of Project: Mixed Use office/Retail Complex Amount of Bond Issue: $5,064,250 Principals: C. G. Harris Marvin Simon FISCAL IMPACT STATEMENT November 14, 1983 S AND H COMPANY, a Virginia general partnership Little Neck Naval Facility Office/Retail Complex 1. Maximum amount of financing sought $2,104,000 Phase I $2,900,250 Phase II 2. Estimated taxable value of the facility's real property to be constructed in the municipality $1,949,000 Phase I $2,900,250 Phase II 3. Estimated real property tax per year using present tax rates $ 15,592 Phase I $ 23,202 Phase II 4. Estimated personal property tax per year using present tax rates $ 16,242 Phase 1 $ 23,925 Phase II 5. Estimated merchants' capital tax per year using present tax rates $ 4,937 Phase I (business $ 5,233 Phase II license tax) 6. Estimated dollar value per year of goods and services that will be purchased locally $ 974,400 Phase I $1,435,500 Phase II 7. Estimated number of regular employees on year round basis 147 Phase I 217 Phase II 8. Average annual salary per employee $ 24,830 Phase I $ 24,922 Phase II CITY OF VIRGINIA BEACH DEVELOPMENT AUTHORITY Authority Chairman A meeting of the Coun6il of the City of Virginia Beach, Virginia, was held in the Council Chambers, in the Administration Building, on the 19th day of December, 1983. On motion by and seconded by the following @esolution was adopted. RESOLUTION OF CITY COUNCIL APPROVING THE ISSUANCE OF INDUSTRIAL DEVELOPMENT REVENUE BONDS FOR S AND H COMPANY WHEREAS, the City of Virginia Beach Development Authority of (tlie Authority), lias considered the application of S and H Company, a Virginia general partnership (the Company) whose address is 397 Little Neck Road, Virginia Beach, Virginia, 23452, for the issuance of the Authority's industrial development revenue bonds (the Bonds) in an amount not to exceed $5,064,250 ($2,134,000 for Phase I and $2,930,250 for Phase II) to assist in financing the acquisition, construction, and equipping of a mixed use office/retail complex (the Facility) to be located at 397 Little Neck Road, in Virginia Beach, Virginia, and to be owned by the Company; and WHEREAS, the Facility will be acquired, constructed, and equipped in two phases: Phase I to consist of a 32,484 sq. ft. building and Phase II to consist of a 45,900 sq. ft. building and a 1,950 sq. ft. building; and WHEREAS, the Authority has held a public hearing on the acquisition, construction, and equipping of the Facility and the issuance of the Bonds; and WHEREAS, the Authority has requested the City Council (the Council) of Virginia Beach, Virginia (the City), to approve the issuance of the Bonds to comply with (i) Section 103(k) of the Internal Revenue Code of 1954, as amended (the Internal Revenue Code) and (ii) Section 15.1-1378.1 of the Code of Virginia of 1950, as amended (the Virginia Code); and -2 - WHEREAS, a copy of the Authority's resolution approving the Company's plan of financing and the issuance of the Bonds, subject to terms to be agreed upon, a record of the public hearing and the fiscal impact statement required by Section 15.1-1378.1 of the Virginia Code have been filed with the Clerk of the Council; BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF VIRGINIA BEACH, VIRGINIA: 1. The City Council of the City approves the foregoing recitals which are incorporated in, and deemed a part of, this Resolution as if fully set forth herein. 2. The Council of the City approves the issuance of the Bonds by the Authority, for the benefit of the Company, to the extent required by Section 103(k) of the Internal Revenue Code and Section 15.1-1378.1 of the Virginia Code, to permit the Authority to assist in the financing of the Facility. 3. The approval of the issuance of the Bonds, as required by Section 103(k) of the Internal Revenue Code and Section 15.1-1378.1 of the Virginia Code, does not constitute an endorsement of the Bonds or the creditworthiness of the Company, but, as required by Section 12.1 of Chapter 643 of the 1964 Acts of the General Assembly of Virginia, as amended, the Bonds shall provide that neither the City nor the Authority shall be obligated to pay the Bonds or the interest thereon or other costs incident thereto except from the revenues and moneys pledged therefor, and neither the faith or credit nor the taxing power of the Commonwealth, the City or the Authority shall be pledged thereto. -3 - 4. This Resolution shall take effect immediately upon its adoption. Adopted by the Council of the City of Virginia Beach, Virginia, on December 19, 1983. CMS/da 1/28/83 (I.1) SUMMARY SHEET CITY OF VIRGINIA BEACH DEVELOPMENT AUTHORITY INDUSTRIAL DEVELOPMENT REVENUE BOND Project Name: HPS Associates fo@rly Satellite Systems Corpo-tion Project Location: 467 Edwin Drive Virginia Beach, Virginia 23462 Description of Project: Commercial Office Building Amount of Bond(s): $550,000 Principals: Henry S. Poteet, III Ernie Hux Charles Stanton FISCAL IMPACT STATEMENT OF CITY OF VIRGINIA BEACH DEVELOPMENT AUTHORITY DATE: December 13, 1983 TO: The City Council of Virginia Beach, Virginia The undersigned Chairman states, in compliance with Section 15.1-1378.2, Code of Virginia of 1950: Name of Applicant: HPS Associates Facility: Commercial Office Building 1. Maximum amount of financing sought $ 550,000.00 2. Estimated taxable value of the facility's real property to be constructed in the City of Norfolk $ 512,500.00 3. Estimated real property tax per year using present tax rates s 4,100.00 4. Estimated personal property tax per year usling present tax rates $ 1,125.00 5. Estimated business license tax per year using present tax rates $ - 0 - 6. Estimated dollar value per year of goods and services that will be purchased locally (after construction) $ 50,000.00 7. Estimated number of regular employees 25 on year round basis 8. Average annual salary per employee $ 25,000.00 The information contained in this Statement is based solely on facts and estimates provided by the Applicant, and the Authority has made no independent investigation with respect thereto. CITY OF VIRGINIA BEACH DEVELOPMENT AUTHORITY By Chairman RESOLUTION APPROVING 1-HE ISSUANCE OF INDUSTRIAL DEVELOPMENT REVENUE BOND FOR HPS ASSOCIATES WHEREAS, the City of Virginia Development Authority (the "Authority") has considered the application of Satellite Systems Corporation (the "Company") for the issuance of the Authority's Industrial Development Revenue Bond in an amount estimated at $550,000.00 to assist in the financing of the Company's acquisition, construction and equipping of an office building facility (the "Facility") in Virginia Beach, Virginia, to be located at 467 Edwin Drive in the said City, and held a public hearing thereon on April 12, 1983; and WHEREAS, the City Council (the "Council") of Virginia Beach, Virginia (the "City"), on April 25, 1983, approved the issuance of said Bond; and WHEREAS, the stockholders of the Company have subsequently determined that it would be in the best business intererst of the Company and the stockholders of the Company if the Facility were to be built and owned by HPS Associates, a Virginia general partnership now being formed (the "Partnership") consisting of the stockholders of the Company and leased to the Company; and WHEREAS, the Company has requested the Authority to substi- tute the Partnership for the Company in its Resolution of Intent pre- viously adopted and on which request the Authority has held a public hearing on December 13, 1983 to consider the issuance of the said Bond in the name of the Partnership after due notice in accordance with Section 103(k) of the Internal Revenue Code of 1954, as amended and Section 15.1-1378.1, Code of Virginia, 1950, as amended; and WHEREAS, the Authority at the said meeting on December 13, 1983, requested the Council to approve the issuance of the Bond in the name of the Partnership in order to comply with Section 103(k) of the Internal Revenue Code of 1954, as amended; and WHEREAS, pursuant to Section 15.1-1378.1, Code of Virginia, 1950, as amended, a copy of the Authority's resolution approving the issuance of the Bond, subject to terms to be agreed upon, the Authority's Fiscal Impact Statement and a reasonably detailed summary of the comments expressed at the public hearing, if any, have been filed with the Council of the City of Virginia Beach, Virginia; THEREFORE, BE IT RESOLVED by the City Council of the City of Virginia Beach, Virginia: 1. The Council of the City of Virginia Beach, Virginia approves the issuance of the Bond by the City of Virginia Beach Development Authority for the benefit of HPS Associates, to the extent of and as required by Section 103(k) of the Internal Revenue Code, to permit the Authority to assist in the financing of the Facility. 2. The approval of the issuance of the Bonds, as required by Section 103(k) does not constitute an endorsement of the Bonds or the creditworthiness of the Partnership; but pursuant to Chapter 643, Virginia Acts of Assembly of 1964, as amended, the Bond shall provide that neither the City nor the Authority shall be obligated to pay the Bond or the interest thereon or other costs incident thereto except from the revenues and moneys pledged therefor, and neither the faith or credit nor the taxing power of the Commonwealth, the City, or the Authority shall be pledged thereto. 3. This Resolution shall take effect immediately upon its adoption. ADOPTED by a majority of a quorum of the Council of the City of Virginia Beach, Virginia on December 19, 1983. RCM-4/HPS-RESO - 2 Item II-F CONSENT AGENDA ITEM 21135 Upon motion by Councilwoman Oberndorf, seconded by Councilman Robert Jones, City Council APPROVED, in ONE MOTION, Items 1, 2, 4, 5, 6, 7 and 8 of the CONSENT AGENDA, with Item 9 being deferred indefinitely. Item 3 was voted upon separately. 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 December 19, 1983 - 12 - Item II-F. 1 CONSENT AGENDA ITEM # 21136 Upon motion by Councilwoman Oberndorf, seconded by Councilman Robert Jones, City Council ADOPTED a Resolution authorizing the City Manager to execute an Agreement between the Department of Military Affairs and the City of Virginia Beach. 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 December 19, 1983 -12a- A RESOLUTION AUTIIORIZING THE CITY MANAGER TO EXECUTE AN AGREEMENT BETWEEN THE DEPARTMENT OF MILITARY AFFAIRS AND THE CITY OF VIRGINIA BEACH WHEREAS, the Virqinia @luseum of Marine Sciences is under construction and the project activities are increasing, and WHEREAS, the Director of the museum in accordance with the FY84 budget is increasing his staff in order to Dlan and coordinate the various activities planned for the museum, and WHEREAS, additional office si-Dace is needed to properly handle the activities and additional staff, and WLIEREAS, the attached agreement between the Department of Military Affairs and the City will ldrovide for adequate office space for the Director and his staff at Cam.,D Pendleton, Building #247, and WHEREAS, the costs involved in the terms of the agreement will be provided for throuah the budqet of the Virginia Museum of Marine Sciences NOW THEREFORE BE IT RESOLVED BY THE I-OUNCIL OF THE CITY OF VIRGINIA BEACH, VIRGINIA that the City Manager is hereby authorized to execute the attached agreement between the Department of Military Affairs and the City for the puridoses of Droviding office space for the Virginia Museum of Marine Sciences. Adouted by the Council of the City of Virginia Beach, 81 Virginia, on 19 day of December 19 i December 19, 1933 -13 - ltem II-F. 2 CONSENT AGENDA ITEM # 21137 Upon motion by Councilwoman Oberndorf, seconded by Councilman Robert Jones, City Council ADOPTED a Resolution authorizing the enlargement or extension of the nonconforming use and structure located at 2408 Pacific Avenue, owned by Rowden Earl Midgett, III. 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 December 19, 1983 - 13a - RESOLUTION AUTHORIZING THE ENLARGEMENT OR EXTENSION OF THE NONCONFORMING USE AND STRUCTURE LOCATED AT 2408 PACIFIC AVENUE, OWNED BY ROWDEN EARL MIDGETT, iii. WHEREAS, Rowden Earl Midgett, III, desires to construct a 280-foot addition to his single-family residence located at 2408 Pacific Avenue, Virginia Beach, Virginia, as shown on the attached survey; and WHEREAS, the present use and existing structure do not conform to the provisions of the Comprehensive Zoning Ordinance because single-family residences are not allowed in the B-4, Resort Commercial District; and WHEREAS, pursuant to S105(d) of the Comprehensive Zoning Ordinance, City Council may authorize the enlargement or extension of a nonconforming use and the enlargement of a nonconforming structure if Council finds that the use as enlarged or extended and the structure as enlarged are equally appropriate or more appropriate to the zoning district than are the existing nonconformities. NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OP VIRGINIA BEACH, VIRGINIA: That City Council hereby finds that the enlargement or extension of the nonconforming use and the enlargement of the nonconforming single-family residence, located at 2408 Pacific Avenue, Virginia Beach, Virginia, as shown on the attached survey, which is herein incorporated by reference, are equally appropriate or more appropriate to the zoning district in which they are located than are the existing nonconformities, and the City Council herein authorizes the enlargement or extension of the nonconforming use and the enlargement of the nonconforming structure in the manner shown on the attached survey. Adopted by the Council of the City of Virginia Beach, Virginia, on r)@pmbex-19. 1983---. CMS/Ci/da 12/14/83 (3) December 19, 1983 - 14 - Item 11-F.3 CONSENT AGENDA ITEM # 21138 Upon motion by Councilwoman McClanan, seconded by Councilman Jennings, City Council DEFERRED, until the estate of Jesse W. Drew has been settled, (and when this ordinance is brought back to City Council, it should include the Fidelity Bond coverage), an Ordinance authorizing the Executor of the estate of Jesse W. Drew to transfer assets to the Virginia Beach Public Library Endowment Foundation. 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 December 19, 1983 -14a- AN ORDINANCE AUTHORIZING THE EXECUTOR OF THE ESTATE OF JESSE W. DREW TO TRANSFER ASSETS TO THE VIRGINIA BEACH PUBLIC LIBRARY ENDOWMENT FOUNDATION WHEREAS, Mr. Jesse W. Drew, a long-time patron of the Virginia Beach Public Library, passed away, and in his last will and testament left his entire estate to the Virginia Beach Public Library, Virginia Beach, Virginia; and WHEREAS, the Virginia Beach Public Library is a Department of the city of Virginia Beach; and WHEREAS, the Department of Public Libraries, the Library Board of the City of Virginia Beach, and the Friends of the Library have recommended that the assets of the Drew Estate be transferred to the Virginia Beach Public Library Endowment Foundation; and WHEREAS, the Virginia Beach Public Library Endowment Foundation is a non-profit corporation created for the purpose of seeking and administering bequests of this nature to the virginia Beach Public Library System; and WHEREAS, it is the opinion of the Virginia Beach City Council that the Virginia Beach Public Library Endowment Foundation is most qualified to administer and utilize the assets of the Drew Estate in a manner consistent with the best interests of the Public Library Department and the intentions of Jesse W. Drew. NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF VIRGINIA BEACH, VIRGINIA: That the City of Virginia Beach, by and for itself, and the Virginia Beach Public Library hereby authorizes the Executor to transfer all of the assets of the Estate of Jesse W. Drew to the Virginia Beach Public Library Endowment Foundation to be used by that Foundation in the best interest of the Public Library Department of the City of Virginia Beach. This Ordinance shall be effective from the date of its adoption. Adopted by the Council of the City of Virginia Beach, virginia, on 1983. RJN/cb December 19, 1983 1 2 / 7 / 8 3 - 15 - Item II-F.4 CONSENT AGENDA ITEM # 21139 Upon motion by Councilwoman Oberndorf, seconded by Councilman Robert Jones, City Council ADOPTED an Ordinance to transfer funds of $23,000 from the General Fund Reserve for Contingencies for a K-9 Facility. 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 December 19, 1983 -15a- AN ORDINANCE TO TRANSFER FUNDS OF $23,000 FROM THE GENERAL FUND RESERVE FOR CONTINGENCIES FOR A K-9 FACILITY WHEREAS, the K-9 unit of the Police Department in its training and retraining of dogs ouerates from a trailer which has no water, heat, air conditioning, or restroom facilities, and WHEREAS, this facility is used every day and with these poor conditions creates numerous problems for the police officers, and WIIEREAS, the Police Deoartment desires to purchase a modular building with sewaae, electricity, water, hoating, and air conditionina- to replace the existing trailer, and WHEREAS, the cost of the modular building is approximately $23,000 and will eliminate the need for a 1)roposed capital project #3-709 K-9 facility at a cost of $222,500, and WIIEREAS, the funds of $23,000 can be transferred f-r,)m th(,. lund Reserv(, for Continq(-'ncies. NOW TIIEREF'ORE BE IT ORDAINED BY THE COUNCIL OF THE CITY OF VIRGINIA BEACH that funds of $23,000 be transferred from the General Fund Reserve for Continaencies to the Police Department budget for the purchase of a modular building for the K-9 unit. This ordinance shall be effective from the date of its adoption. Adopted by the Council of the City of Virginia Beach, Virginia on the 19th day of December 1983. December 19, 1983 - 16 - item II-F.5 CONSENT AGENDA ITEM # 21140 Upon motion by Councilwoman Oberndorf, seconded by Councilman Robert Jones, City Council ADOPTED an Ordinance authorizing the City Manager to execute a Commitment Agreement concerning the Urban Preservation and Infill Program. 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 December 19, 1983 I 6;i- Requested by: City Manager ORDINANCE AUTHORIZING THE CITY MANAGER TO EXECUTE A COMMITMENT AGREEMENT CONCERNING THE URBAN PRESERVATTON AND INFILL PROGRAM WHEREAS, the City of Virginia Beach has applied to the Virginia Housing Development Authority for mortgage financing for purchasers of sinqle family dwellinq units which are eligible under the Urban Preservation and Infill Program; and WHEREAS, subject to the terms and conditions of the agreement attached hereto, the Virginia Housing Development Authority will reserve for the City of Virginia Beach Three Million and Sixty-Three Thousand Dollars ($3,063,000) to be used to provide mortgage loan financing under the Authority's Residential Mortgage Program for persons and families of low and moderate income who purchase single family dwelling units which are located within targated areas and are eligible under the Urban Preservation and Infill Program. Subject to the provisions of the agreement, the reserved funds will be reserved for the City until November 23, 1984. WHEREAS, the City of Virginia Beach wishes to accept such reservation of funds. NOW THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF VIRGINIA BEACH, VIRGINIA: The attached agreement is hereby approved and the City Manager is hereby authorized and directed to enter into the agreement with the Virginia Housing Development Authority for the reservation of Three Million and Sixty-Three Thousand Dollars ($3,063,000) for mortgage financing for purchasers of sinqle family dwelling units who are eligible under the Urban Preservation and Infill Program. Said agreement is attached hereto and incorporated by reference. Adopted by the Council of the City of Virginia Beach, Virginia on the ]9th day of December , 19 83 - APPROVED AS TO CONTEIAI SIGNATURE I)EPARTMEt4T DSH/re 12/12/83 APPRQVED AS TO FOr?tA (ORD F) Cl-,Y Al FC"@@,'4EY - 17 - Item II-F.6 CONSENT AGENDA ITEM # 21141 Upon motion by Councilwoman Oberndorf, seconded by Councilman Robert Jones, City Council ADOPTED an Ordinance authorzing a temporary encroachment into a portion of the right-of-way of River Road and certain City-owned property located at the intersection of Falcon Crescent and River Road to Robert L. Lampros, his heirs, assigns and successors in title. 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 December 19, 1983 -17a- Requested By Department of Public Works AN ORDINANCE TO AUTHORIZE A TEMPORARY ENCROACHMENT INTO A PORTION OF THE RIGHT-OF-WAY OF RIVER ROAD AND CERTAIN CITY OWNED PROPERTY LOCATED AT THE INTERSECTION OF FALCON CRESCENT AND RIVER ROAD TO MR. ROBERT L. LAMPROS, HIS HEIRS, ASSIGNS AND SUCCESORS 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 amende(l, Mr. Robert L. Lampros, 2701 River Road, his heirs, assiqns and successors in title is authorized to construct and maintain a temporary encroachment into the right-of-way of River Road and certain City owned property located at the intersection of Falcon Crescent and River Road. That the temporary encroachment herein authorized is for the purpose of constructing and maintaining a private 2" PVC sewer main to service the dwelling located at 2701 River 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 River Road and certain City owne dproperty located at the intersection of Falcon Crescent and River Road, on the certain plat entitled: "ENCROACHMENT OF 2" PVC SEWER MAIN TO SERVICE 2701 RIVER RD," a copy of which is on file in the Department of Public Work 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 L. Lampros, 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 December 19, 1983 -17b- right-of-way of River Road and certain City owned property located at the intersection of Falcon Crescent and River Road and that Mr. Robert L. Lampros, his heirs, assigns and successors in title shall bear all costs and expenses of such removal. AND, PROVIDED FURTHER, that it is Pxpressly understood and agreed that Mr. Robert L. Lampros, 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 L. Lampros executes an agreement with the City of Virginia Beach encompassing the afore-mentioned provisions. Adopt,-d by the Council of the City of Virginia Beach, Virginia, on the 19th day of December 1 9 83 MES/re 12/14/8 3 (29E) A;)PP.OVF' L"'ARIM@IT APPP,OVED AS TO ROPM @N' T@ CIT'Y A"TORNEY -2- December 19, 1983 -17c- THIS AGREEMENT, made this /,/ ow day of 19K,3, by and between the CITY OF VIRGINIA BEACH, VIRGINIA, municipal corporation, party of the first part, and MR. ROBERT L. LAMPROS, HIS HEIRS, ASSIGNS AND SUCCESSORS IN TITLE, party of the second part. W I T N E S S E T H: That, WHEREAS, it is proposed by the party of the second part to construct and maintain a private 2" PVC sewer main to service his dwelling located at 2701 River Road in the City of Virginia Beach; and WHEREAS, in constructing and maintaining such private 2" PVC sewer main, it is necessary that the said party of the second part encroach into a portion of an existinq City right-of-way of River Road and certain City owned property located at the intersection of Falcon Crescent and River Road; and said party of the second part has requested that the party of the first part qrant a temporary encroachment to facilitate such private 2" PVC sewer main within a portion of the City riqht-of-way of River Road and certain City owned property located at the intersection of Falcon Crescent and River Road. NOW, THEREFORE, for and in consideration of the premises and of the benefits accruing or to accrue to the party of the second part and for the further consideration of One Dollar ($1.00), in hand paid, to the said party of the first part, receipt of which is hereby acknowledged, the party of the first part doth grant to the party of the second part a temporary December 19, 1983 -17d- encroachment tO use a portion of the City right-of-way of River Road and certain City owned property located at the intersection of Falcon Crescent and River Road for the purpose of constructing and maintaininq such private 21 PVC sewer main. It is expressly understood and agreed that such temporary encroachment will be constructed and maintained in accordance with the laws of the Commonwealth of Virqinia and the City of virginia Beach, and in accordance with the City of Virqinia Beach Public Works Department's specifications and approval as to size, alignment and location and is more particularly described as follows, to wit: An area of encroachment into a portion of the City's right-of-way known as River Road and certain City owned property located at the intersection of Falcon Crescent and River Road, as shown on that certain plat entitled: "ENCROACHMENT OF 2' PVC SEWER MAIN TO SERVICE 2701 RIVER RD,' a copy of which is attached hereto and to which reference is made for a more particular description. It is further expressly understood and aqreed that the temporary encroachment herein authorized shall terminate upon notice by the City of virqinia Beach to the party of the second part, and that within thirty (30) davs after such notice is qiven, such temporary encroachment shall bp removed from the City riqht-of-way of River Road and certain City owned property located at the intersection of Falcon Crescent and River Road by the party of the second part; and that the party of the second part shall bear all costs and expenses of such removal. -2- December 19, 1983 -17e- It is further expressly understood and agreed that the party of the second part 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 temporary encroachment. It is further expressly understood and agreed that nothinq herein contained shall be construed to enlarge such permission and authority to permit the maintenance or construction of any encroachment other than that specified herein and to the limited extent specified herein, nor to permit the maintenance and construction of any encroachment by anyone other than the party of the second part. It is further expressly understood and aqreed that the party of the first part, upon revocation of such authority and permission so granted, may remove any such encroachment and charqe the cost thereof to the party of the second part, and collect the cost in any manner provided by law for the collection of local or state taxes; may require the party of the second part to remove such temporary encroachment; and pending such removal, the party of the first part may charge the party of the second part compensation for the use of such portion of the easement encroached upon the equivalent of what would be the real property tax upon the land so occupied if it were owned by the party of the second part; and if such removal shall not be made within the time ordered hereinabove by this Aqreement, the City shall impose December 19, 1983 -]7f- a penalty in the sum of One Hundred Dollars ($100.00) per day for each and every day that such encroachment is allowed to continue thereafter, and shall collect such compensation and penalties in any manner provided by law for the collection of local or state taxes. CITY OF VIRGINIA BEACH By (SEAL) City Manager ATTEST: City-ffl- r@k--- MR. ROBERT L. LAMPROS STATE OF VIRGINIA CITY OF VIRGINIA BEACH, to-wit: I, a Notary Public in and for the City and State aforesaid, do hereby certify that THOMAS H. MUEHLENBECK, City Manaqer, and RUTH HODGES SMITH, City Clerk, for the CITY OF VIRGINIA BEACH, whose names as such are signed to the foregoing Agreement have acknowledged the same December 19, 1983 -17g- before me in my City and State aforesaid. GIVEN under my hand this day of Notary Public My Commission Expires: STATE OF VIRGINIA CITY OF VIRGINIA BEACH, to-wit: 1, -/ -, a Notary Public in and for the City and State aforesaid, do hereby certify that MR. ROBERT L. LAMPROS on whose name is signed to the foregoing Agreement has acknowledged the same before me in my City and State aforesaid. GIVEN under my hand this IIZ day of 1 9 K-? . Notary Pubiic My Commission Expires: MES/re 12/14/83 (29E) -4- December 19, 1983 -17h- .1 BID %Aln\14 Po, i,,@: ci ty C4 CA er 19 1983 - 18 - Item II-F. 7 CONSENT AGENDA ITEM # 21142 Upon motion by Councilwoman Oberndorf, seconded by Councilman Robert Jones, City Council APPROVED the low bid of Higgerson-Buchanan, Inc., in the amount of $146,233, for the Sandbridge Road Realigrnent (CIP 2-974); AND, authorized the City Manager to enter into the necessary agreements for the implementation of the project. 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 December 19, 1983 - 19 - Item II-F.8 CONSENT AGENDA ITEM # 21143 Upon motion by Councilwoman Oberndorf, seconded by Councilman Robert Jones, City Council APPROVED Bingo/Raffle Permits as follows: BingolRaffle: GREEN RUN MARCHING STALLIONS PARENT ASSOCIATION SAINT MATTHEWS CATIIOLIC CHURCH MEN'S CLTJB OF SAINT GREGORY CATHOLIC CHURCH MARCHING CAVALIERS PARENTS ASSOCIATION OLD DOMINION AQUATIC CLUB CHESAPEAKE BAY SKATING CLUB PLAZA LITTLE LEAGUE, INC. ARAGONA PEMBROKE LITTLE LEAGUE VETERANS OF FOREIGN WARS POST #392 CHURCH OF THE ASCENSION VIRGINIA BEACH SKATING CLUB ARAGONA COMMUNITY RECREATION CENTER, INC. KEHILLAT BET HAMIDRASH SYNAGOGUE LOYAL ORDER OF MOOSE - ARAGONA VILLAGE LODGE #1198 HEBREW ACADEMY OF TIDEWATER STAR OF THE SEA SCHOOL Bingo: KNIGHTS OF COLUMBUS 4632 DIAMOND SPRINGS GARDENWOOD PARK CIVIC LEAGUE HAMPTON ROADS YOUTH HOCKEY ASSOCIATION, INC. PLAZA DRILL TEAM December 19, 1983 - 20 - Item II-F.8 CONSENT AGENDA ITEM # 21143 (continued) Raffle: BACK BAY WILDFOWL GUILD, INC. VIRGINIA BEACH MOOSE LODGE # 1998 LOYAL ORDER OF MOOSE POSEIDIA INSTLTUTE, INC. JAMES K. COLE MEMORIAL SCHOLARSHIP FUND, LTD. VIRGINIA BEACH ASTROS 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, 111, Reba S. McClanan, J. Henry McCoy, Jr., D.D.S., and Meyera E. Oberndorf Council Members Voting Nay: None Council Members Absent: None December 19, 1983 - 21 - Item II-F.9 CONSENT AGENDA ITEM # 21144 Upon motion by Councilwoman Oberndorf, seconded by Councilman Robert Jones, City Council DEFERRED INDEFINITELY action on a Certificate of Public Convenience and Necessity: D. W. Bell. 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 December 19, 1983 - 22 - Item II-G.1 PLANNING ITEM # 21145 Douglas Talbot represented the applicant and presented a rendering as a visual aide. A motion was made by Councilman McCoy, seconded by Councilwoman Creech, to ap2rove, with modifications, an Ordinance upon application of WOODS GREEN RUN If f-or a modification to the Land Use Plan for Green Run Phase V; however, the motion was LOST due to a negative vote (5 to 6). Voting. 5-6 (MOTION TO APPROVE WITH MODIFICATIONS WAS LOST) Council Members Voting Aye: John A. Baum, Nancy A. Creech, Harold Heischober, H. Jack Jennings, Jr., and J. Henry McCoy, Jr., D.D.S. Council Members Voting Nay: Vice Mayor Barbara M. Henley, Mayor Louis R. Jones, Robert G. Jones, W. H. Kitchin, 111, Reba S. McClanan, Meyera E. Oberndorf Council Members Absent: None Upon motion by Councilwoman McClanan, seconded by Councilman Kitchin, City Council DENIED the following Ordinance: ORDINANCE UPON APPLICATION OF WOODS GREEN RUN, 11 FOR A MODIFICATION TO THE LAND USE PLAN FOR GREEN RUN Ordinance upon application of Woods Green Run, 11 for a modification to the Land Use Plan for Green Run to include townhouses and apartment/condominiums of 130.084 acres located at the northwest corner of Rosemont Road and Buckner Boulevard. Plats with more detailed information are available in the Department of Planning. KEMPSVILLE AND PRINCESS ANNE BOROUGHS. Voting: 6-5 (MOTION TO DENY CARRIED) Council Members Voting Aye: Vice Mayor Barbara M. Henley, Mayor Louis R. Jones, Robert G. Jones, W. H. Kitchin, III, Reba S. McClanan, and @leyera E. Oberndorf Council Members Voting Nay: John A. Baum, Nancy A. Creech, Harold Heischober, H. Jack Jennings, Jr., and J. Henry McCoy, Jr., D.D.S. Council Members Absent: None December 19, 1983 Note: This item was deferred on November 28, 1983. - 23 - Item II-G.2 PLANNING ITEM # 21146 Attorney Grover Wright represented the applicant. Upon motion by Councilman Baum, seconded by Councilman Heischober, City Council APPROVED the application of JOEN V. HANKS, JR. for a variance to Section 4.4(b) of the SUBDIVISION ORDINANCE per the following: Appeal from decisions of Administrative Officers in regard to certain elements of the Subdivision Ordinance, Subdivision for John V. Hanks, Jr. Property located on the west side of Blackwater Road, 1725.40 feet south of Old Carolina Lane. Plats with more detailed information are available in the Department of Planning. BLACKWATER 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 December 19, 1983 - 24 - Item II-G.3 PLANNING ITEM # 21147 Attorney Ben Hubbard represented the applicant. Upon motion by Councilman Jennings, seconded by Councilman McCoy, City Council DENIED an Ordinance upon application of W. B. MEREDITH, 11 for a variance to Section 4.1(a) of the SUBDIVISION ORDINANCE, with the request that an expeditious report by the appropriate City agency regarding the Hilltop Loop f_Lan be made within ninety (90) days. Appeal from decisions of Administrative Officers in regard to certain elements of the Subdivision Ordinance, Subdivision for W. B. Meredith, II. Parcel located 630 feet more or less north of Laskin Road, 350 feet east of Victor Road. Plats with more detaild information are available in the Department of Planning. 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 December 19, 1983 - 25 - Item II-G.4 PLANNING ITEM # 21148 Attorney Grover Wright represented the applicant. Upon motion by Councilman Kitchin, seconded by Councilman Robert Jones, City Council APPROVED, without the two conditions recommended by the Planning Commission; (1) Require parking on-site and (2) Installation of an automatic sprinkler system meeting the approval of the City Fire Protection Engineer, in the application of JIMMIE A. KOCH for a Conditional Use Permit per the following. It was Council's recommendation that Fire Chief Harry Diezel meet with City Attorney Dale Bimson to formulate an overall policy of requirements regarding sprinkler systems. ORDINANCE UPON APPLICATION OF JIMMIE A. KOCH FOR A CONDITIONAL USE PERMIT FOR THIRTEEN (13) ADDITIONAL HOTEL UNITS R01283594 BE IT ORDAINED BY THE COUNCIL OF THE CITY OF VIRGINIA BEACH, VIRGINIA: Ordinance upon application of Jimmie A. Koch for a Conditional Use Permit for thirteen (13) additional hotel units at the northwest corner of Atlantic Avenue and 37th Street on Lots 1 and 2, Block 87, Virginia Beach Development Company. Said parcel contains 14,000 square feet. VIRGINIA BEACH BOROUGH. This Ordinance shall be effective from the date of adoption. Adopted by the Council of the City of Virginia Beach, Virginia on the Nineteenth day of December, Nineteen Hundred Eighty-Three. Voting: 6-5 Council Members Voting Aye: Harold Heischober, H. Jack Jennings, Jr., Mayor Louis R. Jones, Robert G. Jones, W. H. Kitchin, III, J. Henry McCoy, Jr., D.D.S. Council Members Voting Nay: John A. Baum,* Nancy A. Creech, Vice Mayor Barbara 11. Henley, Reba S. McClanan, Meyera E. Oberndorf Council Members Absent: None Note: This item was deferred on December 5, 1983. *Verbal nay. December 19, 1983 - 26 - Item II-C.5 PLANNING ITEM # 21149 Don Dahlman represented the applicant. Upon motion by Councilman Heischober, seconded by Councilwoman Oberndorf, City Council APPROVED an Ordinance upon application of D & P ASSOCIATES for a Conditional Use Permit per the following: ORDINANCE UPON APPLICATION OF D & P ASSOCIATES OR ASSIGNS FOR A CONDITIONAL USE PERMIT R01283595 BE IT ORDAINED BY THE COUNCIL OF THE CITY OF VIRGINIA BEACH, VIRGINIA: Ordinance upon application of D & P Associates or Assigns for a Conditional Use Permit for a home for adults on certain property located on the north side of Newtown Road beginning at a point 800 feet west of Broad Meadows Boulevard, running a distance of 216 feet more or less along the north side of Newtown Road, running a distance of 481.80 feet along the western property line, running a distance of 277.80 feet along the northern property line and running a distance of 311 feet along the eastern property line. Said parcel contains 1.95 acres. BAYSIDE BOROUGH. As conditions of the Use Permit, the following were required: 1. An 18-foot dedication along the frontage on Newtown Road, 33 feet from the centerline of the old 30-foot right-of-way to provide for an ultimate 66-foot right-of-way as per the Master Street and Highway Plan. 2. Installation of automatic fire alarm and sprinkler systems meeting approval of the City Fire Protection Engineer. This Ordinance shall be effective from the date of adoption. Adopted by the Council of the City of Virginia Beach, Virginia on the Nineteenth day of December, Nineteen Hundred Eighty-Three. 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 December 19, 1983 *Verbal aye. - 27 - item II-G.6 PLANNING ITEM # 21150 Attorney Leigh Ansell represented the applicants. Upon motion by Councilwoman McClanan, seconded by Councilman Heischober, City Council ADOPTED an Ordinance upon application of WTLLIAM J. AND RUTH VIRGTNIA KENNEDY for a Change of Zoning from AG-2 to R-5 per the following: ORDINANCE UPON APPLICATION OF WILLIAM J. AND RUTH VIRGINIA KENNEDY FOR A CHANGE OF ZONING FROM AC-2 TO R-5 Z01283795 BE IT ORDAINED BY THE COUNCIL OF THE CITY OF VIRGINIA BEACH, VIRGINIA: Ordinance upon application of William J. and Ruth Virginia Kennedy for a Change of Zoning District Classification from AG-2 Agricultural District to R-5 Residential District on certain property located 46 feet east of Oceana Boulevard beginning at a point 670 feet more or less south of Culver Lane, running a distance of 164.2 feet along the northern property line, running a distance of 235.8 feet along the eastern property line, running a distance of 216.2 feet along the southern property line and running a distance of 200.5 feet along the western property line. Said parcel contains 1.15 acres. PRINCESS ANNE BOROUGH. This Ordinance shall be effective from the date of adoption. Adopted by the Council of the City of Virginia Beach, Virginia on the Nineteenth day of December, Nineteen Hundred Eighty-Three. 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, TII, Reba S. McClanan, J. Henry McCoy, Jr., D.D.S., and Meyera E. Oberndorf Council Members Voting Nay: None Council Members Absent: None December 19, 1983 - 28 - Item II-G.7 PLANNING ITEM # 21151 Eric Anderson represented the applicant. Upon motion by Councilwoman McClanan, seconded by Councilwoman Oberndorf, City Council ADOPTED an Ordinance upon application of LAKESIDE CONSTRUCTION CORPORATION for a Change of Zoning from AG-1 to R-6 per the following: ORDlNANCE UPON APPLICATION OF LAKESIDE CONSTRUCTION CORP., FOR A CHANGE OF ZONING FROM AG-1 TO R-6 Z01283796 BE IT ORDAINED BY THE COUNCIL OF THE CTTY OF VIRGINIA BEACH, VIRGINIA: Ordinance upon application of Lakeside Construction Corp. for a Change of Zoning District Classification from AG-1 Agricultural District to -6 Residential District on certain property located 100 feet east of the southern terminus of Red Mill Boulevard, running a distance of 610 feet along the northern property line, running a distance of 1090 feet along the eastern property line, running a distance of 790 feet along the southern property line and running a distance of 980 feet along the western property line. Said parcel contains 17.7 acres. PRINCESS ANNE BOROUGH. This Ordinance shall be effective from the date of adoption. Adopted by the Council of the City of Virginia Beach, Virginia on the Nineteenth day of December, Nineteen Hundred Eighty-Three. 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 December 19, 1983 - 29 - Item II-G.8 PLANNING ITEM # 21152 Attorney Grover Wright represented the applicant and requested withdrawal of the application. Upon motion by Councilman Heischober, seconded by Councilwoman Creech, City Council voted to allow WITHDRAWAL of the application of R. G. MOORE BUILDING CORPORATION for a variance to Section 4.4(b) of the Subdivision Ordinance per the following: Appeal from decisions of Administrative Officers in regard to certain elements of the Subdivision Ordinance, Subdivision for R. G. Moore Building Corporation. Parcel located northeast of Diamond Springs Road as shown on the plat entitled "Preliminary Subdivision, Sajo Farm". Plats with more detailed information are available in the Department of Planning. BAYSIDE BOROUGH. Voting: 11-0 Council Members Voting Aye: John A. Baum, Nancy A. Creech, Harold Heischober, Vice Mayor Barbara M. Henley, R. Jack Jennings, Jr., Mayor Louis R. Jones, Robert G. Jones, 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 December 19, 1983 - 30 - Item II-G.9 PLANNING ITEM # 21153 Attorney Grover Wright represented the applicant. Upon motion by Councilman McCoy, seconded by Councilman Baum, City Council ADOPTED Ordinances upon applications of R. G. MOORE BUILDING CORPORATION for Changes of Zoning per the following: ORDINANCE UPON APPLICATION OF R. G. MOORE BUILDING CORPORATION FOR A CHANGE OF ZONING FROM R-6 TO PD-H2 Z01283797 BE IT ORDAINED BY THE COUNCIL OF THE CITY OF VIRGINIA BEACH, VIRGINIA: Ordinance upon application of R. G. Moore Budiling Corporation for a Change of Zoning District Classification from R-6 Residential District to PD-H2 Planned Unit Development District on certain property located 1100 feet more or less north of Elbow Road beginning at a point 1800 feet west of Salem Road, running a distance of 1345.73 feet along the southern property line, running a distance of 1198.38 feet along the western property line, running a distance of 2223.30 feet along the northern property line and running a distance of 1097.27 feet along the eastern property line. Said parcel contains 41.246 acres. KEMPSVILLE BOROUGH. Prior to the changing of the official zoning map, the following conditions will be met: 1. Dedication of right-of-way, 110 feet in width for Independence Boulevard as per the Master Street and Highway Plan. 2. Alignment and dedication of Salem Canal as shown on file in the City Engineer's Office. AND, ORDINANCE UPON APPLICATION OF R. G. MOORE BUILDING CORPORATION FOR A CHANGE OF ZONING FROM R-6 TO P-1 Z01283798 BE IT ORDAINED BY THE COUNCIL OF THE CTTY OF VIRGTNIA BEACH, VIRGINIA: Ordinance upon application of R. G. Moore Building Corporation for a Change of Zonin Distrilct Classification from R-6 Residential District to P-1 Preservation District on certain property located 703.29 feet west of Salem Road beginning at a point 1640 feet north of Elbow Road, running a distance of 561.18 feet in a southerly direction, running a distance of 1050 feet more or less along the southern property line, running a distance of 1100 feet along the western property line, running a distance of 325 feet more or less along the northern property line, running a distance of 389.97 feet in a southerly direction and running a distance of 155 feet more or less in an easterly direction. Said parcel contains 18.587 acres. KEMPSVILLE BOROUGH. December 19, 1983 - 31 - Item II-G. 9 PLANNlNG ITEM # 21153 (continued) Prior to the changing of the official zoning map, the following conditions will be met: 1. Dedication of right-of-way, 110 feet in width for Independence Boulevard as per the Master Street and Highway Plan. 2. Alignment and dedication of Salem Canal as shown on file in the City Engineer's Office. These Ordinances shall be effective from the date of adoption. Adopted by the Council of the City of Virginia Beach, Virginia on the Nineteenth day of December, Nineteen Hundred Eighty-Three. 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 December 19, 1983 - 32 - Item II-C.10 PLANNING ITEM # 21154 This item was moved foward on the Agenda. Attorneys Grover Wright and Robert Cromwell represented the applicant. Mr. H. Douglas Widdowson, Certified Audiologist, Conservation Specialists of Hampton, was present to answer questions by City Council. The City Clerk called attention to two letters written to Council Members regarding this issue -- one from Sam T. Barfield, Commissioner of the Revenue, City of Norfolk; and, one from Joseph T. Fitzpatrick, Treasurer, City of Norfolk. Both of these letters are hereby made a part of the record. Commander Tom Best, Facilities Department, Naval Amphibious Base, read a letter signed by the Commanding Officer of the Base which stated the Navy's position in the matter in question. The contents of the letter were recorded in the verbatim transcript of the November 9, 1983, Planning Commission meeting. This item was deferred for one week December 12, 1983. Upon motion by Councilman Heischober, seconded by Councilwoman Creech, City Council ADOPTED an Ordinance upon application of R. G. MOORE BUILDING CORPORATION for a Change of Zoning from I-2 to B-4, subject to (1) construction to include a sprinkler system; (2) noise attenuation; (3) noise disclosure to the potential purchasers who would be affected by the hovercraft and Norfolk International Airport. December 19, 1983 - 33 - Item II-G.10 PLANNING ITEM # 21154 (continued) ORDINANCE UPON APPLICATION OF R. G. MOORE BUILDING CORPORATION FOR A CHANGE OF ZONING FROM I-2 TO B-4 Z01283799 BE IT ORDAINED BY THE COUNCIL OF THE CITY OF VIRGINIA BEACH, VIRGINIA: Ordinance upon application of R. G. Zloore Building Corporation for a Change of Zoning District Classification from I-2 Heavy Industrial District to B-4 Resort-Commercial District on parcels located at the northeast and southeast intersections of 30th Bay Street and Oceanography Road. Parcel 1: Located at the northeast intersection of 30th Bay Street and Oceanography Road, running a distance of 372.28 feet along the north side of Oceanography Road, running a distance of 289.42 feet in a northerly direction, running a distance of 462.64 feet in an easterly direction, running a distance of 255 feet in a northerly direction, running a distance of 800 feet more or less along the northern property line (Southern boundary of Chesapeake Bay) and running a distance of 545 feet along the western property line. Parcel 2: Located at the southeast intersection of 30th Bay Street and Oceanography Road, running a distance of 377.46 feet along the south side of Oceanography Road, running a distance of 119.25 feet in a southerly direction, running a distance of 752.68 feet in an easterly direction, running a distance of 130.78 feet in a southeasterly direction, running a distance of 535.59 feet in a westerly direction, running a distance of 35 feet in a southerly direction, running a distance of 99.01 feet in a westerly direction, running a distance of 478.54 feet in a southerly direction, running a distance of 142.44 feet in a southeasterly direction, running a distance of 336.31 feet in a southerly direction, running a distance of 1036.29 feet in a southeasterly direction, running a distance of 634.38 feet in a southwesterly direction, running a distance of 269.85 feet in a southerly direction, running a distance of 818.59 feet along the southern property line and running a distance of 3013.41 feet along the east side of 30th Bay Street. Said parcels contain 53 acres. BAYSTDE BOROUCH. December 19, 1983 - 34 - Item II-G.10 PLANNING ITEM # 21154 (continued) Approval of the application was subject to the following conditions: 1. Construction to include a sprinkler system. 2. Noise attenuation. 3. Noise disclosure to the potential purchasers who would be affected by the hovercraft and Norfolk International Airport. This Ordinance shall be effective from the date of adoption. Adopted by the Council of the City of Virginia Beach, Virginia on the Nineteenth day of December, Nineteen Hun e. Voting: 9-2 Council Members Voting Aye: John A. Baum, Nancy A. Creech, Harold Heiscbober, 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. Council Members Voting Nay: Vice Mayor Barbara M. Henley and Meyera E. Oberndorf Council Members Absent: None - 35 - Item II-G.11 PLANNING ITEM # 21155 This item was moved forward on the Agenda. Attorney Grover Wright represented the applicant. Speakers in favor: Reverend John Gimenez, Rock Church Reverend Ann Gimenez, Rock Church Fred Teagle, President, Valley Poultry (presented petitions in support of the application which are hereby made a part of the record) Reverend David Anderson, Pastor, Kempsville Presbyterian Church (presented a petition which is hereby made a part of the record) Bernard Bowser (presented petition whicb is hereby made a part of the record) Dr. Elizabeth C. Cole (representing the elderly of Rock Church) Dyanne Bostain (presented petition which is hereby made a part of the record) Allan B. Gonyo, Architect, The CEGG Partnership (presented an "Economic Impact Report" which is hereby made a part of the record) Theodore Hall L. A. Sancilio, President, Larasan Realty Vincent Losciale, Project Manager, City of Refuge (presented letter from Frank Williams as well as a petition bearing 2,316 signatures, both of which are hereby made a part of the record) Dr. Donald Searn Everett Quesinberry, Retired Police Chief Durwood Hill Don Dwella Opposition: Melvin Eaton, adjacent property owner A motion was made by Councilman McCoy, seconded by Councilman Jennings, to approve Ordinances upon applications of ROCK MINISTRIES, INC. for Changes of Zoning and Conditional Use Permits per the following. A Substitute Motion was made by Councilman BaLn, seconded by Councilman Kitchin, to DENY said applications. The Original Motion by Councilman McCoy, seconded by Councilman Jennings, was WITHDRAWN; thereby, the Substitute Motion by Councilman BaLun, seconded by Councilman Kitchin, to DENY, became the MAIN MOTION. A Substitute Motion was made by Councilman Heischober, seconded by Councilman Jennings, to approve the Conditional Use Permit for the church and related facilities and deny the other Conitional Use Permits and all Changes of Zoning. Voting: 3-7 (SUBSTITUTE MOTION) Council Members Voting Aye: Harold Heischober, H. Jack Jennings, Jr., J. Henry McCoy, Jr., D.D.S. Council Members Voting Nay: John A. Baum, Nancy A. Creech, Vice Mayor Barbara M. Henley, Mayor Louis R. Jones, Robert G. Jones, W. H. Kitchin, III, Meyera E. Oberndorf Council Members Abstaining: Reba S. McClanan (Motion to approve LOST to a negative vote.) December 19, 1983 - 36 - Item II-G.11 PLANNING ITEM # 21155 (continued) Upon motion by Councilman Baum, seconded by Councilman Kitchin, City Council DENIED Ordinances upon applications of ROCK MINISTRIES, INC. for Changes of Zoning and Conditional Use Permits per the following: CHANCES OF ZONING: ORDINANCE UPON APPLICATION OF ROCK MINISTRIES, INC. FOR A CHANGE OF ZONING FROM AG-2 TO R-1 Ordinance upon application of Rock Ministries, Inc. for a C District Classification from A:G--2 Agricultural District to R-1 Residential District on certain property located on the south side of Indian River Road beginning at a point 7600 feet more or less west of West Neck Road, running a distance of 800 feet more or less along the south side of Indian River Road, running a distance of 600 feet along the western property line, running a distance of 1600 feet along the southern property line, running a distance of 200 feet more or less in a northerly direction, running a distance of 500 feet more or less in a westerly direction and running a distance of 460 feet more or less in a northerly direction. Said parcel contains 15.73 acres. PRINCESS ANNE BOROUGH. AND, ORDINANCE UPON APPLICATION OF ROCK MINISTRIES, INC. FOR A CAANGE OF ZONING FROM AG-1 TO B-2 Ordinance upon application of Rock Ministries, Inc. for a Change of Zoning District Classification from @G-1 Agricultural District to B-2 Community- Business District on certain property located 4800 feet more or less south of Indian River Road beginning at a point 4380 feet more or less west of West Neck Road, running a distance of 640 feet in a northwesterly direction, running a distance of 340 feet more or less in a westerly direction, running a distance of 500 feet in a southwesterly direction, running a distance of 420 feet more or less in a southerly direction and running a distance of 1160 feet more or less in a northeasterly direction. Said parcel contains 15.55 acres. PRINCESS ANNE BOROUGH. AND, December 19, 1983 - 37 - Item II-G.11 PLANNING ITEM # 21155 (continued) ORDINANCE UPON APPLICATION OF ROCK MINISTRIES, INC. FOR A CHANGE OF ZONING FROM AG-1 TO H-1 Ordinance upon application of Rock Ministries, Inc. for a Change of Zoning District Classification from AG-1 @gricultural District to H-1 Hotel District on certain property located 3640 feet more or less south of Indian River Road beginning at a point 4380 feet more or less west of West Neck Road, running a distance of 320 feet more or less in a westerly direction, running a distance of 740 feet more or less in a southwesterly direction, running a distance of 140 feet more or less in a southerly direction, running a distance of 360 feet more or less in an easterly direction, running a distance of 560 feet more or less in a southeasterly direction and running a distance of 1100 feet more or less in a northerly direction. Said parcel contains 15.237 acres. PRINCESS ANNE BOROUGH. AND, ORDINANCE UPON APPLICATION OF ROCK MINISTRIES, INC. FOR A CHANGE OF ZONING FROM AG-1 TO R-1 Ordinance upon application of Rock Ministries, Inc. for a Change of Zoning District Classification from @G-1 Agricultural District to R-1 Residential District on certain property located 600 feet south of Indian River Road beginning at a point 7000 feet more or less west of West Neck Road, running a distance of 1600 feet more or less in a northwesterly direction, running a distance of 540 feet more or less in a southerly direction, running a distance of 500 feet more or less in a southeasterly direction, running a distance of 460 feet more or less in an easterly direction, running a distance of 140 feet more or less in a southerly direction, running a distance of 200 feet more or less in an easterly direction and running a distance of 800 feet more or less in a northeasterly direction. Said parcel contains 22.147 acres. PRTNCESS ANNE BOROUGH. December 19, 1983 - 38 - Item II-G.11 PLANNING ITEM # 21155 (continued) CONDITIONAL USE PERMITS: ORDINANCE UPON APPLICATION OF ROCK MINISTRIES, INC. FOR A CONDITIONAL USE PERMIT FOR COLLEGE AND UNIVER- SITY HOUSING Ordinance upon application of Rock Ministries, Inc. for a Conditional Use Permit for college and univer- sity housing on certain property located on the south side of Indian River Road, beginning at a point 6580 feet more or less west of West Neck Road, running a distance of 100 feet more or less along the south side of Indian River Road, running a distance of 5240 feet more or less along the western property line, running a distance of 500 feet more or less in a northeasterly direction, running a distance of 200 feet more or less in a northerly direction, running a distance of 780 feet more or less in a northeasterly direction, running a distance of 360 feet more or less in an easterly direction, running a distance of 1840 feet more or less in a northerly direction, running a distance of 220 feet more or less in a northeasterly direction, running a distance of 1100 feet more or less in a northerly direction, and running a distance of 1800 feet more or less in a northwesterly direction. Said parcel contains 142.77 acres. PRINCESS ANNE BOROUGH. AND, ORDINANCE UPON APPLICATION OF ROCK MINISTRIES, INC. FOR A CONDITIONAL USE PERMIT FOR AN AUTOMOBILE SERVICE STAT10N Ordinance upon application of Rock Ministries, Inc. for a Conditional Use Permit for an automobile service station on certain property located 4800 feet more or less south of Indian River Road beginning at a point 4380 feet more or less west of West Neck Road, running a distance of 640 feet in a northwesterly direction, running a distance of 340 feet more or less in a westerly direction, running a distance of 500 feet in a southwesterly direction, running a distance of 420 feet more or less in a southerly direction and running a distance of 1160 feet more or less in a northeasterly direction. Said parcel contains 15.55 acres. PRINCESS ANNE BOROUGH. AND, December 19, 1983 39 - Item II-G.11 PLANNING ITEM 21155 (continued) ORDINANCE UPON APPLICATION OF ROCK MINISTRIES, INC. FOR A CONDITIONAL USE PERMIT FOR A CHURCE AND RELATED FACILITIES, RETIREMENT VILLAGE, UNIVERSITY WITH HELI- PORT, RECREATIONAL FACILITIES, CAMPGROUND AND OUTDOOR AMPHITHEATER Ordinance upon application of Rock Ministries, Inc. for a Conditional Use Permit for a church and related facili7ties, retirement village, university with heli- port, recreational facilities, campground and outdoor amphitheater on parcels located south of Indian River Road west of West Neck Road. Parcel 1: Located 400 feet south of Indian River Road beginning at a point 6580 feet more or less west of Indian River Road, running a distance of 1660 feet more or less in a southerly direction, running a distance of 1000 feet in a southwesterly direction, running a distance of 740 feet more or less in a northwesterly direction, running a distance of 600 feet in a southwesterly direction, running a distance of 1100 feet more or less in a northwesterly direction, running a distance of 1440 feet more or less in a northerly direction, running a distance of 440 feet more or less in a southeasterly direction, running a distance of 400 feet more or less in an easterly direction, running a distance of 120 feet more or less in a southerly direction, running a distance of 200 feet more or less in an easterly direction and running a distance of 1400 feet more or less in a northeasterly direction. Parcel 2: Located 4800 feet more or less south of Indian Tiver Road beginning at a point 4380 feet more or less west of West Neck Road, running a dis- tance of 3840 feet along the eastern property line, running a distance of 360 feet more or less in a southwesterly direction, running a distance of 1840 feet more or less in a northwesterly direction, running a distance of 860 feet more or less in a northeasterly direction, running a distance of 1500 feet more or less in a northwesterly direction, and running a dis- tance of 1200 feet more or less in a northeasterly direction. Said parcel contains 178.04 acres. PRINCESS ANNE BOROUGH. Voting: 7-3 (MAIN MOTION TO DENY) Council Members Voting Aye: John A. Baum, Nancy A. Creech, Vice Mayor Barbara M. Henley, Mayor Louis R. Jones, Robert G. Jones, W. H. Kitchin, III, Meyera E. Oberndorf Council Members Voting Nay: Harold Heischober, H. Jack Jennings, Jr., J. Henry McCoy, Jr., D.D.S. Council Members Abstaining: Reba S. McClanan December 19, 1983 Council recessed at 4:50 p.m. - 40 - Council reconvened at 5;00 p.m. Item Il-H.1 UNFINISHED BUSINESS ITEM # 21156 Upon motion by Councilwoman Creech, seconded by Vice Mayor Henley, City Council ADOPTED a Resolution authorizing one-half day on Friday, December 23, 1983, as a Holiday. 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 December 19, 1983 - 40a A RESOLUTION AUTHORIZING ONE-HALF DAY ON FRIDAY, DECEMBER 23, 1983, AS A HOLIDAY WHEREAS, it being fitting and proper that the citizens and employees of the City of Virginia Beach, Virginia, observe with reverence and appreciation the Christmas Season as delineated by their beliefs; NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF VIRGINIA BEACH, VIRGINIA: THAT in conformity with Title 17-41(8) of the Code c)f Virginia, and Section 2-1 of the Code of the City of Virginia Beach, Virginia, the City Clerk is directed to enter this Resolution in the minutes of this day's meeting proclaiming one-half day on December 23, 1983, as a legal holiday for the personnel of the City of Virginia Beach. FURTHERrAORE, the City Clerk is directed to forward a certified cot)y of said Resolution to the Clerk of the Circuit Court. Louis R. Jones, Mayor Adopted by the Council of the City of Virginia Beach, Virginia on the Nineteenth day of December, Nineteen Hundred Eighty-Three. December 19, 1983 - 41 - Item II-H.2 UNFINISHED BUSINESS ITEM # 21157 A motion was made by Councilwoman Creech, seconded by Councilman Heischober, to ADOPT an Ordinance amending compensation of the Mayor and Council Members effective July 1, 1984. A Substitute Motion was made by Councilman Robert Jones, seconded by Councilman McCoy, to adopt an Ordinance amending compensation of the Mayor and Council Members with an effective date of January 1, 1984. Voting: 5-6 (SUBSTITUTE MOTION LOST) Council Members Voting Aye: Nancy A. Creech, H. Jack Jennings, Jr., Mayor Louis R. Jones, Robert G. Jones, and J. Menry McCoy, Jr., D.D.S. Council Members Voting Nay: John A. Baum, Harold Heischober, Vice Mayor Barbara M. Henley, W. H. Kitchin, Reba S. McClanan, Meyera E. Oberndorf Council Members Absent: None Voting: 9-2 (MAIN MOTION) Council Members Voting Aye: 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. Council Members Voting Nay: Vice Mayor Barbara M. Henley and Meyera E. Oberndorf December 19, 1983 - 4la- REQUESTED BY: COUNCILMAN JOHN A. BAUM AN ORDINANCE TO SET SALARIES OF COUNCIL MEMBERS AT @12,000 PER ANNUM AND $14,000 PER ANNUM FOR THE MAYOR EFFECTIVE JULY 1, 1984 WHEREAS, the Code of Virginia, Title 14.1, Article 6.1, sets maximum salaries for Mayors and Council Menibers in cities with a population of 200,000 and over at $14,000 and $12,000 respectively, and WHEREAS, an increase in City Council salaries to these limits would be effective July 1, 1984, if this ordinance were approved, NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF VIRGINIA BEACH, VIRGINIA, that effective July 1, 1984, salaries of Council Members be set at $12,000 per annum and $14,000 per annum for the Mayor. This ordinance shall be effective on and after July 1, 1984. Adopted by the Council of the City of Virginia Beach, Virginia, on the 19th day of December 198 3 December 19, 1983 - 42 - Item II-I.1 NEW BUSINESS ITEM # 21158 Upon motion by Councilwoman Oberndorf, seconded by Councilman McCoy, City Council ADOPTED an AMENDED Ordinance authorizing the City Manager to execute the contract for water storage space in JOHN H. KERR RESERVOIR. 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 December 19, 1983 - 42a - AN ORDINANCE AUTHORIZING THE CITY MANAGER TO EXECUTE THE CONTRACT FOR WATER STORAGE SPACE IN JOHN H. KERR RESERVOIR WHEREAS, The City of Virginia Beach desires to obtain reallocated storage space at the John H. Kerr Dam and Reservoir for water supply; and WHEREAS, the City of Virginia Beach is willing and able to enter into a contract with the United States Government for the use of said reallocated storage space. NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF VIRGINIA BEACH, VIRGINIA: That the City Manager is hereby authorized to execute that certain "CONTRACT BETWEEN THE UNITED STATES OF AMERICA AND THE ClTY OF VIRGINIA BEACH, VIRGINIA FOR WATER STORAGE SPACE IN JOHN H. KERR RESERVOIR," in substantially the form and content of the copy attached hereto and made a part hereof, but with those changes he shall deem necessary to protect and promote the interest of the City of Virginia Beach. Adopted by the Council of the City of Virginia Beach, Virginia, on the 19th day of December, 1983. JDB/cj 12/13/83 12/19/83 (A) December 19, 1983 A M E N D E D - 43 - Item II-I.2 NEW BUSINESS ITEM # 21159 Attorney Grover Wright represented the applicant. Upon motion by Councilman Robert Jones, seconded by Councilman Jennings, City Council ADOPTED an Ordinance RESCINDING a zoning change for CBN (CHRISTIAN BROADCASTING NETWORK). (Previous rezoning was granted January 10, 1977 to Centerville Associates -- Item # 10354 of Minutes.) Voting. 9-2 Council Members Voting Aye: John A. Baum, Nancy A. Creech, Harold Heischober, H. Jack Jennings, Jr., Mayor Louis R. Jones, Robert G. Jones, W. H. Kitchin, Ill, Reba S. McClanan, J. Henry McCoy, Jr., D.D.S. Council Members Voting Nay: Vice Mayor Barbara M. Henley and Meyera E. Oberndorf Council Members Absent: None December 19, 1983 - 43a ORDINANCE RESCINDING ZONING CHANGE FOR CBN WHEREAS, CBN, on January 10, 1977, applied for and received a zoning change from R-8 to I-1 on three separate parcels which totalled 108.238 acres, more or less (the "Property"); and WHEREAS, said zoning was granted subject to right-of-way and dedication requirements; and WHEREAS, the dedication requirements have not been met and the zoning has not been changed; and WHEREAS, CBN has requested that the zoning of the Property be rescinded; and WHEREAS, CBN now wishes to obtain a conditional use permit for a use permitted under R-8 zoning, which request will be before Council in January of 1984. THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF VIRGINIA BEACH, VIRGINIA: That the rezoning of the Property from R-8 to I-1 is hereby rescinded. This ordinance shall be effective upon date of adoption. Adopted by the Council of the City of Virginia Beach, Virginia, on T) ... 1,@, 19- 19Rl December 19, 1983 - 44 - Item II-I.3 NEW BUSINESS ITEM # 21160 Attorney Glen Croshaw represented the applicant and requested Council consider withdrawal of the requirement for dedication of a 60-foot right-of-way and that a 30-foot dedication be approved. (Original application for a Change of Zoning was made Marcb 21, 1977 by Charles J., Sr. and Jean B. Hayes -- Hilltop Loop System -- Item # 10584 of Minutes.) A motion was made by Councilman Jennings to RESCIND the above-stated requirement in the request of SCOTT & COMPANY (CAVALIER PROPERTIES); however, there being no second to the motion, it was LOST. No action was taken by City Council. December 19, 1983 - 45 - Item II-1.4 NEW BUSINESS ITIM # 21161 Upon motion by Councilwoman Creech, seconded by Councilwoman Oberndorf, City Council AUTHORIZED the City Manager to enter the necessary agree- ments with M. E. WILKINS, INC. in the contract amount of $550,676.02 for SMALL LINE IMPROVEMENTS - Contract No. 6. M. E. Wilkins, Inc. was the second low bidder on subject project. The low bidder, Carter-Bell, failed to meet the legal requirements necessary. 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 December 19, 1983 - 46 - ADD-ON ITEM # 21162 Upon motion by Councilwoman Creech, seconded by Councilwoman Oberndorf, City Council ADOPTED a Resolution to study and evaluate the AUTOMATED OFFICE SYSTEMS DIVISION of DATA PROCESSING; and, AUTHORIZED the City Manager to select two or more offerors and award the contract to the most qualified. 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 December 19, 1983 - 46a RESOLUTION WHEREAS, proposals to study and evaluate the Automated Office Systems DiviSion of Data Processing have been requested and received, and WHEREAS, it is now necessary to select the offers deem" beat suited among those submitting proposals, and WHEREAS, after negotiations have been conducted with each offer, the offeror of the best proposal should be awarded the contract. NOW, THEREPORE, BE IT RESOLVED BY THE COUNCIL OF -THE CITY OF VIRGINIA BEACH, VIRGINIA: The City Manager is hereby authorized to select two or more offerors deemed fully qualified and beet suited among thoso submitting offers and after negotiation with each offeror to select the offeror which has made the beet proposal and award the contract to that offeror. Adopted by the Council of the City of Virginia Beach, virginia, on December 19 1983. JAR/ih APPRO))ED AS c@- 12/19/83 SIGNATLIRI DEPARTmia TO KOM, 'CnV ATTORNrf December 19, 1983 - 47 - ADD-ON ITEM # 21163 Councilman Baum requested that the State flag be moved so that the voting record board would be more visible. December 19, 1983 - 48 - ADD-ON ITEM # 21164 Councilwoman Oberndorf expressed appreciation to Councilwoman McClanan for the delightful Christmas luncheon, and the Mayor for the cake baked by his wife. December 19, 1983 - 49 - Item II-J.1 ADJOURNMENT ITEM 21165 By consensus, Council adjourned the meeting at Seven Thirty in the evening. erk Rdth Hodges Smith, CMC -gayor' Louis R Jones City Clerk City of Virginia Beach Virginia /jk December 19, 1983