1972-05-30N149
May 30, 1972
An adjourned meeting of 'the Board of Cou~'ty Supervisors of Albemarle County,
Virginia, was held at 7:30 P.M. on this date in the Albemarle County Court House.
Present: Messrs. Carwile, Fisher, Henley, Thacker, Wheeler and Wood.
Absent: None.
Officers present: County Executive,.County Attorney.
Mr. Wheeler stated that at 'the last meeting of the Board consideration was
given nominations for the seventh member of 'the School Board and at that 'time there
was a tie vote. He then recognized Mr.' Thacker.
Mr. Thacker made '~3 motion 'to reconsider the vote for the seventh 'SchOol Board
member. Motion was seconded by Mr. Henley and carried by the following recorded
vote:
AYES:
NAYS:
Messrs. Carwile, Fisher, Henley, Thacker and Wheeler.
Mr. Wood.
The Chairman then asked the Clerk to call 'the roll and take vote between
Mr. Scott and Mr. Maupin. The vote was as follows:
Mr. Carwile vo'ted for Mr. Scot't prefacing his vote by stating that he felt
either nominee would make an admirable addition 'to 'the School Board,
Mr. Fisher voted for Mr. Maupin.
Mr. Henley voting forMr. Maupin stat~d.c.' that both men would make good school
Board members.
Mr. Thacker stated tha't he felt ~either would be an asset 'to 'the School Board
and he felt the County was fortuna'te to have two men so well qualified for the
position, however, in order no't to have a tie vote he would change his vote and he
voted f~r Mr. Maupin.
Mr. Wheeler voted fD~ Mr. Maupin.
Mr. Wood voted for Mr. Scott..
The Chairman then stated that 'the vote was four (4) for M~. Maupin and two (2)
for Mr. Scot't, 'thereby, Mr. Maupin was elected as the seventh member of the
School Board.
The County Attorney having informed the Board that action taken on May 18, 1972
in reference 'to the~sale of school bonds was 'taken before appropriate resolution
of the School Board had been adopted, motion was made by Mr. Carwile, seconded by
Mr. Fisher-to rescind action of-~ay 18, 1972. Motion carried by 'the following
recorded vote:
AYES: Messrs. Carwile, Fisher, Henley, Thacker, Wheeler and Wood.
NAYS: None.
Upon motion by Mr. Carwile, seconded by Mr. Henley, the following resolution
was adopted by the following recorded vote:
250
AYES: Messrs. Carwile, Fisher, Henley, Thacker, Wh~-eler and Wood.
NAYS: None.
RESOLUTION AUTHORIZING THE ISSUANCE AND SALE OF $4,850,000-
SCHOOL BONDS OF ALBEMARLE COUNTY, VIRGINIA, HERETOFORE
AUTHORIZED, AND PROVIDING FOR THE FORM, DETAILS AND PAYMENT
THEREOF
BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF. ALBEMARLE
COUNTY, VIRGINIA:
1. The contracting of a debt and the issuance of school bonds of
Albemarle, County, Virginia, in the maximum amount of $4,850,000, havi~g
been approved at an election he~d in the County on November 2, 197I,
and none of such bonds having been sold, all of such bonds~are hereby
au'thorized to be issued an~ sold.
2. The bonds ?shall be coupon bonds without privilege of re~str~tion,
shall be designated "School Bonds," shall be dated July 15, 1972, shall
be of 'the denomina'tion of $5,000 each, shall be numbered from 1 'to 970,
inclusive, and shall ma'ture in annual installments of $150,000-on
January 15 in each of the years 1974 to 1983, inclusive, $200,000
on January 15, 1984, $250,000 on January 15 in each of 'the years
1985 to 1987, inclusive, and $400,000 on January'15 in each of the
years 1988 'to 1993, inclusive, without option of prior redemption.
The bonds shall bear interest at such rate or rates as determined at
the 'time of sale, payable semiannually on January 15 and July 15. Both
principal and interest shall be payable at 'the principal office of
United Virginia Bank, Richmond, Virginia, The Bank of New York,
New York, New York, or National Bank and Trust Company, Charlottesville,
Virginia, at 'the option of 'the holder.
3. The bonds shall be signed by the facsimile signature_ of the
Chairman of the Board of Supervisors, shall be coun'tersigned by the
Clerk of the Board and a facsimile of the Board's seal shall be printed
on the bonds. The coupons attached 'to the bonds shall be authenticated
by the facsimile signatures of 'the 'Chairman and Clerk~
4. The bonds and coupons shall be in substantially the following
form:
(FORM OF BOND)
No. $5,000
UNITED STATES OF AMERICA
COMMONWEALTH OF VIRGINIA
ALBEMARLE COUNTY
School Bond
Albemarle County, Virginia, for value received, hereby acknowledges
i'tself indebted and promises to pay 'to bearer Upon presentation and
surrender hereof 'the sum of
FIVE THOUSAND DOLLARS ($5,000)
On January 15, 19 , and to pay interest thereon from 'the date hereof
to m aturi'ty at the rate of per cent ( %) per
year, payable semiannually on January 15 and July 15 upon presentation
and surrender of the attached coupons as-they become due.- Both principal
of and interest on this bond are payble in lawful money of the United
S.tates of America at 'the principal office of~ United Virginia Bank, Richmond,
Virginia, The Bank of New York, New York, New York, or Na'tional Bank ~nd
Trust Company, Charlottesville, Virginia, a't 'the option of the holder.
This bond is one of an issue of $4,850,000 school bonds of like da'te
and 'tenor, except as to number, rate of interest and maturity, au'thorized
a't an election in the County on November 2, 1971, and is issued .pursuant
'to 'the Public Finance Act, as amended, to provide funds for public schools.
The full fai'th and credit of Albemarle County are hereby irrevocably
pledged for 'the payment of principal of and interest on this bond.
Ail acts, conditions and things required by the Constitu'tion and
statutes of the commonwealth of Virginia 'to happen, exist or be performed
precedent 'to and in the issuance of this bond have happened, exist and have
been performed, and 'the issue of bonds of which 'this bond is one, together
15'1
with all other indebtedness of Albemarle County, is within every debt
and other limit prescribed by the Constitution and statutes of the
Commonweal'th of Virginia.
IN WITNESS WHEREOF, the Board-'of Supervisors of Albemarle County,
Virginia, has caused this bond to be signed by the facsimile signature
of its Chairman, ~o'be countersigned by its Clerk, a facsimile of its
seal to be printed hereon~the at'tached interest coupons 'to be
authenticated by the facsimile signatures of its Chairman and Clerk, and
this bond to be dated as of July 15, 1972.
COUNTERSIGNED:
Clerk, Board of Supervisors of
Albemarle County, Virginia
(SEAL)
Chairman, Board of Supervisors of
Albemarle County, Virginia
(FORM OF ~OUPON,)
No. $
January
On July 15, 19 , Albemarle County, Virginia, will pay 'to bearer
the amount shown hereon in lawful money of the United States of America at
the principal office of United Virg~ka Bank, Richmond, Virg~ ia, The Bank of
New York, New York, New York, or National Bank and Trust Company, Charlottesville,
Virginia, at 'the oution of the holder, being the sef~iannual interest 'then due on
its School Bond dated July 15~ 1972, and numbered
Clerk, Board of Supervisors of
Albemarle County, Virginia
Chairman, Board of Supervisors of
Albemarle County, Virginia
~. The full faith and credit of Albemarle County are hereby irrevocabl~
pledged for lthe payment Of principal of and~interest on the bonds. There shall
be levied and collected annually on all locally 'taxable proper'ty in 'the 'County
an ad valorem tax over and above all other taxes authorized'or limited by law
sufficient to pay such principal and in'terest as the same respectively become
due and payable°
6. Bids for the bonds shall be received by 'the State Commission on Local
Debt on behalf of the Board of Supervisors. The bonds shall be adver'tised
for sale substantially in accordance with t~h~ Notice of Sale attached hereto as
Exhibit A.
7. After bids have been received and the bonds awarded, the Chairman and
Clerk are hereby authorized and directed to take all proper steps to have the
bonds prepared and executed in accordance with their terms and to deliver the
bonds to the purchaser 'thereof upon payment therefor.
8. The proceeds from the sale of the bonds shall no't be invested, except
for a 'temporary period until such proceeds are needed for the purpose specified
herein, in securities the yield on which in the aggregate exceeds by more
than one-half of one percent 'the yield of 'the bonds (such yields computed on an
adjusted basis permitted by regulations adopted to implement Section 103(d) of the
Internal R~venue Code of 1954, as amended).
9. The Clerk is hereby authorized and directed to see to the immediate
filing of a certified copy of this resolution with the Circuit Court of Albemarle
County.
10. This resolu'tion shall 'take effec't immedia'tely.
Upon motion by Mr. Thacker, se'conded by Mr. Fisher, 'the foli~wi'ng reSolution was
adopted by the following recorded vote:
AYES: Messrs. Carwile, Fisher, Henley, Thacker, Wheeler and Wood.
NAYS: None%
RESOLUTION AUTHORIZING~THE ISSUANCE AND SALE OF $500,000 JAIL
BONDS OF ALBEMARLE COUNTY, VIRGINIA, HERETOFORE AUTHORIZ.E~, ~ND
PROVIDING FOR THE FORM, DETAILS AND PAYMENT THEREOF
BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF ALBFlVIARLE COUNTY, VIRGINIA:
1. The con~trac'ting of a debt and 'the issuance of jail bonds of Albemarle
County, Virginia, in 'the maximum amount of $500~000, having been approved at
an election held in 'the Coun'ty on November 2, 1971, and none of such bonds
having been sold, there are hereby authorized 'to be issued ~nd sold all of
such bonds.
252
2. The bondsshall be coupon bonds without privilege of registra'~ion,
shall be designated "Jail Bonds," 'shall be dated July 15, 1972, shall be
of the denomination of 85,000 each~ ~hall be numbered from 1 to 100,
inclusive, and shall mature in annual installments of $50,000 on
January 15 in each of the years 1974 to~1955, inclusive, withou't option
of prior redemption. The bonds shall bear interest at such rate Or
rates as determined at 'the time o£ sale, 'payable semiannually on January 15
and JuDy 15~ Both principal and interest shall be payable at the principal
office o£ United Virginia Bank, Richmond, Virginia, The Bank of New York/
New York, New York, or National Bank and Trust Company, Charlottesville,
Virginia, at the option of the holder.
3. The bonds shall be signed by 'the facsimile signature of the
Chairman of 'the Board of Supervisors, shall be countersigned by 'the Clerk
of the Board and a facsimile of the Board's seal shall be printed on the
bonds. The coupons attached to 'the bonds shall be authenticated by the
facsimile signatures of the Chairman~and Clerk.
4. The bonds and coupons shall be in substantially 'the following
form:
(FORM OF BOND)
No. $5,000
UNITED STATES OF AMERICA
COMMONWEALTH OF VIRGINIA
ALBEMARLE COUNTY
Jail Bond
Albemarls County, Virginia, for value received, hereby acknowledges
itself indebted and promises to pay to bearer upon presentation and
surrender hereof the-sum of
FIVE THOUSAND DOLLARS ($5,000)
on January 15, 19 ,-and 'to pay interest there~from the da.te hereof
to maturity at the ma'te of Per cent ( %) per year, payable
semiannually on January'15 and July 15 upon presentation and Surrender of
the attached coupons as they become due. Both princiPal of and interest
on 'this bond are payable in lawful money of the United States of America
at the principal office of United Virginia Bank, Richmond, Virginia, The
Bmnk of NewYork, New York, N~wYork, Or~ National>Ba~nk and TrUst Company;
Charlottesville, Virginia, at the option of 'the holder.
This bond is one of an issue of $500,000 jail bonds of like date
and tenor, except-as to number, rate of interest and maturity, authorized
at an election in the County on November 2, 1971, and is issued pursuant
to the Public Finance Act, as amended, to provide funds for jail
facilities.
The full fai'th and cre~i't of Albemarle County are hereby irrevocably
pledged for the payment of principal of and inte~e, st on this bond.
All acts, conditions and things required by 'the constitution and
statutes of the Commonwealth of Virginia to happen, exist or be performed
precedent 'to and in 'the issuance of this bond have happened, exist and
have been performed, and the'issue of bonds of which 'this bond is one,
together with all o'ther indebtedness of Albemarle County, is within every
debt and other limit prescribed by the Constitution and statutes of the
Commonwealth of Virginia.
IN WITNESS WHEREOF, the Board of Supervisors of Albemarle County,
Virginia, has caused 'this bond 'to be signed by 'the facsimile signature
of its Chairman, 'to be countersigned by i'ts Clerk, a facsimile of its
seal to be printed hereon, the a'ttached interest coupons to be
au'thentica'ted by 'the facsimile signatures of i'ts Chairman and Clerk,
and this bond to be dated as of July'15~ 1972.
COUNTERSIGNED:
(SEAL)
Clerk, Board of:Supervisors of
Albemarle County, Virginia
Chairman, Board of Supervisors
of Albemarle County, Virginia
(FORM OF COUPON)
No. $
153
January
On July '~ 15, 19 , Albemarle CoUnty, Virginia,' will pay to bearer
the amount shown hereon in lawful money of the United States of America at
the~principal office of United Virginia Bank, Richmond~ Virginia, The Bank
of New York, New York, New York, or Na'tional Bank and Trust Company,
Charlottesville, Vir~nia, at 'the option of 'the holder, being the semiannual
interest then due on its Jail Bond dated July 15, 1972, and numbered
Clerk, Board of Supervisors of
Albemarle County, Virginia
Chairman, Board of Supervisors of
Albemarle County, Virginia
5. The full faith and credit of Albemarle CoUnty are hereby irrevocably
pledged for 'the payment of principal of and interes't on the bonds. There
shall be levied and collected annually on all locally taxable property in
the County an ad valorem 'tax over and above all other 'taxes authorized or
limited by law sufficien't 'to pay such principal and i~terest as the same
respectiVely become due and payable.
6. Bids for the bonds shall be received by the Sta'te Commission on
Local Debt on behalf of the Board of Supervisors. The bonds shall be advertised
for sale substantially in accordance with 'the Notice of Sale attached to a
resolution adopted concurren'tly herewith authorizing the issuance and sale
of $4,850,000 school bonds.
7. After bids have been received and 'the bonds awarded, 'the Chairman
and Clerk are hereby authorized and direc'ted 'to 'take all proper steps
to have the bonds prepared and executed in accordance with their 'terms and
to deliver the bonds 'to 'the purchaser thereof upon payment therefor.
8. The proceeds from the sale of the bonds shall not be invested,
except for a temporary period' until such proceeds are needed for the
purpose specified herein, in securi'ties 'the yield on which in 'the aggregate
exceeds by more than one-half of one pe~ce~t the y~eld of~the bonds (such
yields computed on an adjusted basis permitted by regulations adopted to
implement Section 103(d) of 'the Internal Revenue Code of 1954, as amended).
9. The Clerk is hereby authorized and directed 'to see to the immediate
filing of a certified copy of this resolution with the Circuit Court of
Albemarle County.
10. This resolution shall take effect immediately.
At this 'time, the Chairman called for a public hearing on "Concurrent Reso~tion
Signifying the Intention of 'the Council of 'the City of Charlottesville and the Board
of County Supervisors of-Albemarle County to Create a Wa'ter and Sewer Authority under
the Virginia Water and Sewer Authorities Act and Set'ting Forth its Articles of
Incorporation" and "Concurren't Resolution Signifying the In'tention of the Council
of the~City of Charlottesville and 'the Board of County Supervisors of Albemarle County
· to Create a Sewer Authority under the Virginia Water and Sewer Authorities Act and
Setting Forth i'ts Ar'ticles of Incorpora'tion", both having been advertised in the
Daily Progress on May 19, 1972.
Mr. Carwite gave an up-dated report on negotiations with 'the City Council.
The public was t~n invited to speak. A brief summary of general comments
follows:
A Mr. Perry asked several questions concerning funding of ~the authority.
Mr. Jack Taggar~t read a communica.tion from the Ivy Citizens--Association.
The main poin't of 'this communication was to ask that the Board design their final
agreement for 'the au'thori.ty 'to permit par'ticipating governments 'to retain enforced
powers rather to delega'te these 'to a super government.
Mrs. Seldon asked if the agreement would be as 'tightly worded as the one for
Fairfax County.
No one else from the public coming forth to speak and no snbstantial
objection having been rai~ed on the intent to:create a water and sewer
(or sewer) authority, the Chairman called an end to the public hearing.
Motion was made by Mr. Carwile, seconded by Mr. Thacker, to adjourn
'this meeting until 8:30 A.M., on June 2, 1972,in the BOard Room of 'the
County Office Building. Motion carried by 'the following recorded vote:
AYES: Messrs. Carwile, Fisher/' Henley, Thacker,~ Wheeler and Wood..
NAYS: None.
left
out ~ ...... Claims against the County amounting to $ 1,712~084.$Twere presented,
above
examined and allowed, and certified ~to_the Director of Finance for ~payment
and charged against 'the following funds:
General Revenue Fund
General Operating Fund
School Operating Fund
Virginia Public Assistance Fund
Capital Outlay Fund
Cafeteria Fund
Textbook Fund
Dog Tax Fund
Textbook Rental Fund
Mental Health Fund
Town of ScottSville-1% Local-Sales Tax
Commonwealth of 'Virginia: C~mrent
Credit Aecount
185V69
12~, 701.32
7~3,411-, 03
86,921.29
947. ~
623.11
1,361.8~
2,960 0g
I g', 133 ] ~'3
112,23
526,707.9'0
Tetal
$1,71 2,084.47
Chairman