City Council
Regular MeetingNewport News, VA · October 28, 2014
Agenda
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AGENDA
NEWPORT NEWS CITY COUNCIL REGULAR CITY COUNCIL
MEETING
OCTOBER 28, 2014
City Council Chambers
7:00 p.m.
A. Call to Order
B. Invocation - Pastor Peter A. Evans, Colossian Baptist Church
C. Pledge of Allegiance to the Flag of the United States of America
American Legion, Braxton-Perkins Post No. 25
D. Presentations
1. Presentation: Newport News Police Department (NNPD) – Certified Crime Prevention
Community (Re-Designation) by the Department of Criminal Justice Services (DCJS)
E. Public Hearings
1. Ordinance Authorizing the City to Contract a Debt and Issue General Obligation General
Improvement (GOGI) Bonds of the City in the Principal Amount of $48,890,000
2. Resolution Authorizing the City to Contract a Debt and Issue Water Revenue Bonds in the
Amount of $31,000,000 to Finance Public Improvement Projects
F. Consent Agenda
1. Minutes of the Work Session of October 14, 2014
2. Minutes of the Special Meeting of October 14, 2014
3. Minutes of the Regular Meeting of October 14, 2014
4. Resolution of Recognition: Honoring the Newport News Redevelopment & Housing
Authority (NNRHA) on its 75th Anniversary
5. Resolution of Recognition: Honoring the First Church of Newport News (Baptist) on its
150th Anniversary
6. Resolution Authorizing the Adoption of the City's 2015 State Legislative Package
G. Other City Council Actions
1. Ordinance Amending City Code, Chapter 31, Pensions and Retirement; Article II., Division
4, Section 31-41, Purchase of Prior Service; and Division 7, Section 31-73, Changes or Errors
in Records Resulting in Erroneous Calculations or Payments
2. 1 of 2: Resolution Authorizing the Refunding of General Obligation General Improvement
(GOGI) Bonds to Issue up to $110,000,000 for the Duration of Calendar Year 2015
3. 2 of 2: Resolution Authorizing the Refunding of Water Revenue Bonds to Issue up to
$40,000,000 for the Duration of Calendar Year 2015
H. Appropriations
1. Department of Human Services (DHS) - FY 2015 Maternal Infant Early Childhood Home
Visiting (MIECHV) Grant - $430,483
I. Citizen Comments on Matters Germane to the Business of City Council
*J. New Business and Councilmember Comments
1. City Manager
2. City Attorney
3. City Clerk
4. Price
5. Scott
6. Vick
7. Woodbury
8. Bateman
9. Cherry
10. Coleman
K. Adjourn
*THE BUSINESS PORTION OF THE MEETING WILL BE CONCLUDED NO LATER THAN
10:00 P.M. TO ALLOW PERSONS TO ADDRESS CITY COUNCIL UNDER "CITIZEN
COMMENTS ON MATTERS GERMANE TO THE BUSINESS OF CITY COUNCIL."
A. Call to Order
B. Invocation – Pastor Peter A. Evans, Colossian Baptist Church
C. Pledge of Allegiance to the Flag of the United States of America –
American Legion, Braxton-Perkins Post No. 25
D. Presentations
E. Public Hearings
1. Ordinance Authorizing the City to Contract a Debt and Issue General Obligation
General Improvement (GOGI) Bonds of the City in the Principal Amount of
$48,890,000
ACTION: A REQUEST TO ADOPT AN ORDINANCE
AUTHORIZING THE CITY TO CONTRACT A DEBT
AND ISSUE GENERAL OBLIGATION GENERAL
IMPROVEMENT (GOGI) BONDS IN THE AMOUNT OF
$48,890,000 TO FINANCE THE COSTS OF VARIOUS
PUBLIC IMPROVEMENT PROJECTS.
BACKGROUND: l The proposed bond ordinance of $48,890,000 will
allow the City the flexibility to issue bonds if market
conditions at the time of a bond sale provide the best
financing option for the City.
l The ordinance is in support of the projects in the City's
Adopted FY 2015 Capital Improvements Plan (CIP).
l This ordinance rescinds the prior outstanding bond
authorization found as Ordinance No. 7021-13, dated
November 26, 2013.
l This ordinance includes the customary authorization to
issue Bond Anticipation Notes (BANS) prior to the
sale of bonds, should cash flow or market conditions
dictate the use of such notes.
l The net bond proceeds are allocated to be spent in the
ten categories identified in the CIP.
l The City Manager recommends approval.
FISCAL IMPACT: l N/A
Supporting Material
CM Memo re FY15 GOGI Bonds Auth
sdm12949 Ord Authorizing the Issuance of $48,890,000 GOGI Bonds
E. Public Hearings
2. Resolution Authorizing the City to Contract a Debt and Issue Water Revenue Bonds in
the Amount of $31,000,000 to Finance Public Improvement Projects
ACTION: A REQUEST TO APPROVE A RESOLUTION
AUTHORIZING THE CITY TO CONTRACT A DEBT
AND ISSUE WATER REVENUE BONDS IN THE
AMOUNT OF $31 MILLION TO FINANCE THE COSTS
OF VARIOUS PUBLIC IMPROVEMENT PROJECTS.
BACKGROUND: l The proposed bond ordinance of $31 million will allow
Public Utilities the flexibility to issue water revenue
bonds if market conditions at the time of bond sale
provide the best financing option for the City.
l The ordinance is in support of Public Utilities' projects
to construct extensions, additions, and capital
improvements to the water system of the City.
l Public Utilities currently has approximately $17 million
available for appropriation from Bond Series 2007 and
2008B, yet projects totaling $48 million need funding.
l As a result, a bond authorization in the amount of $31
million is recommended.
l The City Manager recommends approval.
FISCAL IMPACT: l N/A
Supporting Material
CM Memo re Water Revenue Bonds Auth
sdm12951 Reso Authorizing Isuance of $31,000,000 Water Bonds (new)
F. Consent Agenda
1. Minutes of the Work Session of October 14, 2014
ACTION: l N/A
BACKGROUND: l N/A
FISCAL l N/A
IMPACT:
Supporting Material
Minutes of the Work Session of October 14, 2014
F. Consent Agenda
2. Minutes of the Special Meeting of October 14, 2014
ACTION: l N/A
BACKGROUND: l N/A
FISCAL l N/A
IMPACT:
Supporting Material
Minutes of the Special Meeting of October 14, 2014
F. Consent Agenda
3. Minutes of the Regular Meeting of October 14, 2014
ACTION: l N/A
BACKGROUND: l N/A
FISCAL l N/A
IMPACT:
Supporting Material
Minutes of the Regular Meeting of October 14, 2014
F. Consent Agenda
4. Resolution of Recognition: Honoring the Newport News Redevelopment & Housing
Authority (NNRHA) on its 75th Anniversary
ACTION: A REQUEST TO APPROVE A RESOLUTION OF
RECOGNITION HONORING AND CONGRATULATING
THE NEWPORT NEWS REDEVELOPMENT AND
HOUSING AUTHORITY (NNRHA) ON ITS 75TH
ANNIVERSARY.
BACKGROUND: l The NNRHA was established on January 16, 1939, with
a mission to maintain and create affordable housing,
viable neighborhoods, and opportunities for self-
sufficiency that enhance the quality of life of all Newport
News citizens.
l NNRHA currently owns and manages 11 public housing
communities within the City, providing homes for 1,565
households.
l The NNRHA administers over 2,200 Housing Choice
Vouchers (Section 8), owns and manages over 1,600
affordable rental housing units and provides a number of
service to residents, to include college scholarships, job
training and employment assistance, and have assisted
participants to become homeowners.
l City Council recognizes NNRHA on its 75th anniversary
and congratulates the leaders, employees, and volunteers
on their dedicated service to the citizens of Newport
News.
l The City Manager recommends approval.
FISCAL IMPACT: l N/A
Supporting Material
sdm12920 Recognition re NNRHA - 75th Anniversary
sdm12920
RESOLUTION NO. _______________
RESOLUTION OF RECOGNITION
WHEREAS, the Newport News Redevelopment and Housing Authority (NNRHA)
celebrates its 75th anniversary of providing outstanding service to City of Newport News in 2014;
and
WHEREAS, the NNRHA was established on January 16, 1939 as a political subdivision
of the Commonwealth and was the third such authority to be established in the state; and
WHEREAS, the mission of the NNRHA is to maintain and create affordable housing,
viable neighborhoods, and opportunities for self-sufficiency that enhance the quality of life of all
citizens of Newport News; and
WHEREAS, the NNRHA currently owns and manages 11 public housing communities in
Newport News providing homes for 1,565 households; and
WHEREAS, the NNRHA administers over 2200 Housing Choice Vouchers (Section 8) and
owns and manages over 1600 affordable rental housing units across the City; and
WHEREAS, the NNRHA provides services to residents which include providing 27 college
scholarships in 2014 totaling over $53,000; job training and employment assistance to over 1,403
adult residents; Family Self Sufficiency programs which have assisted 153 participants to become
homeowners; and the Neighborhood Networks Lab which serves 58 students each day; and
WHEREAS, the NNRHA administers the Community Development Block Grant and the
HOME programs for the City of Newport News and also provides assistance to small businesses
through the Newport News Urban Development Action Grant Program; and
WHEREAS, the NNRHA is governed by its seven commissioners, who are the foundation
for the Authority’s actions and accomplishments. The Executive Director serves at their pleasure
and through the work of four departments: Administrative Services; Community Development;
Finance; and Housing, meets the mission and goals of the organization; and
WHEREAS, the Council for the City of Newport News wishes to recognize the Newport
News Redevelopment and Housing Authority on the 75th Anniversary of its founding and the
Council acknowledges the many leaders, employees and volunteers who have supported the
Authority in its commitment to provide exceptional and selfless service to the citizens of City of
Newport News.
NOW, THEREFORE, BE IT RESOLVED by the Council of the City of Newport News,
Virginia:
1. That it hereby recognizes and congratulates the Newport News Redevelopment and
Housing Authority on its 75th anniversary in the City of Newport News.
2. That it congratulates the leaders, employees, and volunteers of the Newport News
Redevelopment and Housing Authority on their dedicated service to the citizens of Newport News,
and extends its best wishes for continued success and development in the City of Newport News.
3. That a copy of this resolution be spread upon the records of this body and that a
copy be presented to the Newport News Redevelopment and Housing Authority.
4. That this resolution shall be in effect on and after the date of its adoption, October
28, 2014.
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F. Consent Agenda
5. Resolution of Recognition: Honoring the First Church of Newport News (Baptist) on
its 150th Anniversary
ACTION: A REQUEST TO APPROVE A RESOLUTION OF
RECOGNITION FOR THE FIRST CHURCH OF NEWPORT
NEWS (BAPTIST) ON ITS 150TH ANNIVERSARY.
BACKGROUND: l In 1864, members of the African-American community in
Warwick County, under the name First Baptist Church
erected a wood-framed building at a location that is now
the 400 block of 28th Street.
l In 1897, the original wood-framed building was moved to
the 600 block of 24th Street, while a new brick building
was being erected at 23rd Street and Jefferson Avenue.
l Thereafter, the groundbreaking for a new church facility
took place on June 20, 1971, and once the building was
completed the congregation began worshiping there in
November 1972.
l In 1972, in honor of their rich history in the City, the
church changed its name from First Baptist Church to First
Church of Newport News (Baptist).
l The church's motto is "The Friendly Church on the Corner,
Where Everybody is Somebody, and Christ is All."
l The theme for its 150th Anniversary is "Renewing Minds
and Transforming Lives with a Legacy of Hope and
Charity."
l City Council recognizes the First Church of Newport
News (Baptist) on its 150th Anniversary and
acknowledges the many individuals who have supported
the Church and its leaders commitment to mankind
through the numerous ministries, programs and services
offered to the citizens of Newport News.
l The City Manager recommends approval.
FISCAL IMPACT: l N/A
Supporting Material
sdm12933 Recognition re First Church of Newport News (Baptist)
sdm12933
RESOLUTION NO. _______________
RESOLUTION OF RECOGNITION
WHEREAS, the Council for the City of Newport News, Virginia, would like to recognize
th
the 150 anniversary of the First Church of Newport News (Baptist); and
WHEREAS, in 1864, members of the African-American community in Warwick County
under the name First Baptist Church and erected a wood-framed building at a location that is now
the 400 block of 28th Street. This structure cost $3,000 dollars and had a seating capacity of 500.
Reverend Thomas Poole of Isle of Wight County was the prime organizer and first pastor of the
church; and
WHEREAS, in 1897, during the pastorate of Reverend William H. Dixon, the original
wood-framed building was moved to the 600 block of 24th Street while the building of a new brick
edifice began at 23rd Street and Jefferson Avenue. Services continued in the old building until the
new facility was completed. The completed building with its towering steeple was a landmark on
the Newport News horizon for many years; and
WHEREAS, lots for the current church location were purchased on 23rd & 24th Streets and
Wickham Avenue. A new church facility was built under the pastorate of Reverend Doctor Fred
J. Boddie, Jr. The groundbreaking took place on June 20, 1971 and the congregation began
worshiping there in November 1972. The current church facility located at 2300 Wickham Avenue
includes educational facilities, a fellowship hall and meditative chapel; and
WHEREAS, in 1972, in honor of their rich history in the City of Newport News, the
church changed its name from First Baptist Church to First Church of Newport News (Baptist); and
WHEREAS, First Church of Newport News (Baptist) has been served by many pastors
throughout its history, including Reverend Thomas Poole, Reverend Carr, Reverend Young,
Reverend Jackson, Reverend Cooley, Reverend William H. Dixon, Reverend H. Howell Harris,
Reverend W.A. Taylor, Reverend C.D. Henderson, Dr. Arthur A. Galvin, Reverend John Francis
Williams, Reverend Doctor Fred J. Boddie, Jr., Reverend Reginald L. Dawkins, and Reverend
Rodney Johnson; and
WHEREAS, the church’s motto is “The Friendly Church on the Corner, Where Everybody
is Somebody, and Christ is All.” and the theme for its 150th Anniversary is “Renewing Minds and
Transforming Lives with a Legacy of Hope and Charity.”
WHEREAS, the Council for the City of Newport News wishes to recognize the First
Church of Newport News (Baptist) on the 150th Anniversary of its founding and the Council
acknowledges the many individuals who have supported the Church and its leaders in its
commitment to mankind through the numerous ministries, programs, and services offered to the
citizens of City of Newport News.
NOW, THEREFORE, BE IT RESOLVED by the Council of the City of Newport News,
Virginia:
1. That it hereby recognizes and congratulates First Church of Newport News (Baptist)
on its 150th anniversary in the City of Newport News.
2. That it congratulates First Church of Newport News (Baptist) for its dedicated
service to the citizens of Newport News, and extends its best wishes for continued success and
development in the City of Newport News.
3. That a copy of this resolution be spread upon the records of this body and that a
copy be presented to First Church of Newport News (Baptist).
4. That this resolution shall be in effect on and after the date of its adoption, October
28, 2014.
2
F. Consent Agenda
6. Resolution Authorizing the Adoption of the City's 2015 State Legislative Package
ACTION: A REQUEST TO APPROVE A RESOLUTION ADOPTING THE
CITY OF NEWPORT NEWS 2015 STATE LEGISLATIVE
PACKAGE
BACKGROUND: l The City prepares a State Legislative Package annually for
presentation to the Virginia General Assembly.
l Council was presented the City's State Legislative Priorities
Package for the 2015 Virginia General Assembly at its
October 14th, Work session.
l The City Manager recommends approval.
FISCAL l N/A
IMPACT:
Supporting Material
CM Memo re 2015 State Legislative Pckg
sdm12947 Reso Approving and Adopting the City's Legislative Program for the FY15 VA General
Assembly
G. Other City Council Actions
1. Ordinance Amending City Code, Chapter 31, Pensions and Retirement; Article II.,
Division 4, Section 31-41, Purchase of Prior Service; and Division 7, Section 31-73,
Changes or Errors in Records Resulting in Erroneous Calculations or Payments
ACTION: A REQUEST TO ADOPT AN ORDINANCE
AMENDING CITY CODE, CHAPTER 31, PENSIONS
AND RETIREMENT; ARTICLE II., EMPLOYEES'
RETIREMENT FUND; DIVISION 4, CREDITED
SERVICE; SECTION 31-41, PURCHASE PRIOR
SERVICE; AND DIVISION 7, ADMINISTRATION;
SECTION 31-73, CHANGES OR ERRORS IN RECORDS
RESULTING IN ERRONEOUS CALCULATION OR
PAYMENTS.
BACKGROUND: l This request comes from the Board of Trustees of the
Newport News Employees' Retirement Fund
(NNERF).
l The ordinance amendment will allow for a small
number of employees, formerly employed full-time
by the Virginia Peninsula Tourism and Conference
Bureau, Inc. to purchase prior service credit.
l It will also allow for the Board of Trustees to
recommend to the City Manager to waive repayment
of all or part of any erroneous payments made to a
retiree, if the recipient was overpaid through no fault
of their own and could not have reasonably known of
the error.
l The City Manager recommends approval.
FISCAL IMPACT: l N/A
Supporting Material
CM Memo re Chapt 31 Pensions & Retirement Ord Amdmnt
sdm12756 Amending Sec. 31-41, Purchase of prior service and Sec. 31-73, Changes or errors in records
sdm12756
ORDINANCE NO. _______________
AN ORDINANCE TO AMEND AND REORDAIN CHAPTER 31, PENSIONS AND
RETIREMENT, OF THE CODE OF THE CITY OF NEWPORT NEWS, VIRGINIA, ARTICLE
II., EMPLOYEES’ RETIREMENT FUND, DIVISION 4., CREDITED SERVICE, SECTION 31-
41, PURCHASE OF PRIOR SERVICE; AND DIVISION 7., ADMINISTRATION, SECTION 31-
73, CHANGES OR ERRORS IN RECORDS RESULTING IN ERRONEOUS CALCULATIONS
OR PAYMENTS.
NOW, THEREFORE, BE IT ORDAINED by the Council of the City of Newport News,
Virginia:
1. That Chapter 31, Pensions and Retirement, of the Code of the City of Newport
News, Virginia, Article II., Employees’ Retirement Fund, Division 4., Credited Service, Section
31-41, Purchase of prior service; and Division 7., Administration, Section 31-73, Changes or errors
in records resulting in erroneous calculations or payments, be, and the same hereby is, amended
and reordained as follows:
CHAPTER 31
PENSIONS AND RETIREMENT
ARTICLE II. EMPLOYEES’ RETIREMENT FUND
DIVISION 4. CREDITED SERVICE
Sec. 31-41. Purchase of prior service.
(a) City employees - Any provision of this article to the contrary notwithstanding and
subject to the conditions hereinafter set forth, a city employee who has vested in his or her accrued
benefit under the fund may purchase credited service at an actuarially determined cost neutral
purchase rate, approved from time to time by the board multiplied by his or her annual salary as
of the date of purchase as follows:
(1) Time employed by the city under a CETA program.
(2) No more than ten (10) years of active duty service in the armed forces of the
United States of America not otherwise credited under section 31-44, and
not otherwise exchanged under section 2-111.
(3) Prior credited service with the Newport News Employees' Retirement Fund
which was forfeited because of the withdrawal of accumulated
contributions.
(4) Credited service earned as a regular full-time or equivalent employee with
(i) VRS or (ii) the retirement plan of any other political subdivision of
Virginia, including this fund, which is not considered in the calculation of
a retirement benefit.
(5) Credited service with the city during which the employee participated in a
city approved IRC section 457 deferred compensation plan, as an alternative
to the fund, by transferring assets from the alternative IRC section 457 plan
to the fund.
(6) Time employed by the Virginia Peninsula Tourism and Conference Bureau,
Inc. as a full-time employee.
(b) School board employees - Any provision of this article to the contrary
notwithstanding, and subject to the conditions hereinafter set forth, a school board employee who
has vested in his or her accrued benefit under the fund may purchase credited service at an
actuarially determined cost neutral purchase rate, approved from time to time by the board,
multiplied by his or her annual salary as of the date of purchase as follows:
(1) Time employed by the school board under a CETA program.
(2) No more than ten (10) years of active duty service in the armed forces of the
United states of America not otherwise credited pursuant to section 31-44,
and not otherwise exchanged pursuant to section 2-111.
(3) Prior credited service with the fund which was forfeited because of the
withdrawal of accumulated contributions.
(4) Credited service earned as a regular full-time or equivalent employee under
(i) VRS or (ii) the retirement plan of any other political subdivision of
Virginia, including this fund, which is not considered in the calculation of
a retirement benefit.
(5) Time employed by the Virginia Peninsula Tourism and Conference Bureau,
Inc. as a full-time employee.
(c) All or a portion of the service specified in subsections (a) and (b) of this section may
be purchased, however, in order for VRS participants to purchase credited service under subsection
2
(b), such credited service must have first been purchased under VRS.
(d) Any member purchasing credited service with the city by transferring assets from
the city approved IRC section 457(b) alternative deferred compensation plan provided for in section
2-106 to the fund shall transfer assets equal to the actuarially determined cost neutral purchase rate,
approved from time to time by the board, multiplied by the member’s annual salary as of the date
of purchase.
(e) Payment for service as provided in subsections (a) and (b) of this section may be
made by (i) direct trustee-to-trustee transfer from a city approved IRC section 457(b) deferred
compensation plan, other than the plan provided for in section 2-106, (ii) in a lump sum, or (iii) by
payroll deduction. Only one (1) payroll deduction for this purpose shall be made at any one (1)
time. Should the payroll deduction be terminated for any reason prior to purchasing the entire
period applied for, the member shall be credited with the portion of such period for which payment
has been received. If the payroll deduction is continued beyond the point at which the entire period
applied for has been purchased, the member may be credited with such additional time as may
otherwise have been eligible for purchase but no more than the entire period eligible for purchase.
Any excess payments shall be refunded to the member, or the member’s beneficiary, if the member
is deceased. Except for excess payments, no payments made hereunder shall be refundable.
DIVISION 7. ADMINISTRATION
Sec. 31-73. Changes or errors in records resulting in erroneous calculations or payments.
(a) If any change or error in calculations or records results in any recipient receiving
payments either more or less than they would have been entitled to receive from the fund had the
calculations or records been correct, the board shall correct the error and adjust subsequent
payments.
(b) If the board determines that a recipient has been erroneously underpaid by the fund,
the fund shall pay the recipient an amount equal to the difference between what was paid and what
should have been paid.
(c) If the board determines that a recipient has been erroneously overpaid, such recipient
shall repay the erroneous overpayment to the fund.
(d) Notwithstanding subsection (c), if a recipient has been overpaid through no fault of
his and could not reasonably have been expected to detect the error, the board may recommend
waiver of any or all repayment, and if waiver is recommended by the board, the city manager may
disapprove the recommendation, or waive all or part of any repayment.
3
2. That this ordinance shall be in effect on and after the date of its adoption, October,
28, 2014.
4
G. Other City Council Actions
2. 1 of 2: Resolution Authorizing the Refunding of General Obligation General
Improvement (GOGI) Bonds to Issue up to $110,000,000 for the Duration of Calendar
Year 2015
ACTION: A REQUEST TO APPROVE A RESOLUTION THAT
PROVIDES A STANDING AUTHORIZATION FOR THE
DURATION OF CALENDAR YEAR 2015 TO ISSUE UP
TO $110 MILLION IN REFUNDING BONDS FOR
GENERAL OBLIGATION GENERAL IMPROVEMENT
(GOGI) BONDS TO DECREASE THE CITY'S DEBT
SERVICE, SHOULD INTEREST RATES DECLINE
DURING THIS PERIOD TO SUFFICIENTLY WARRANT
A REFUNDING.
BACKGROUND: l The proposed resolution will allow the City to refund
certain outstanding issues of GOGI Bonds in advance
of their stated maturities.
l The City's financial advisor, Public Financial
Management, Inc. (PFM) has advised this proposed
action in response to potential low interest rates in the
municipal bond market.
FISCAL IMPACT: l This resolution restricts the issue of Refunding Bonds
to market conditions that would result in a net present
value savings to the City of not less than three percent
(3%).
l The City Manager recommends approval.
Supporting Material
CM Memo re 2015 Refunding Bond Auth-GOB
sdm12950 Authorizing Ord re Issuance of $110,000,000 (GOGI Refunding)
G. Other City Council Actions
3. 2 of 2: Resolution Authorizing the Refunding of Water Revenue Bonds to Issue up to
$40,000,000 for the Duration of Calendar Year 2015
ACTION: A REQUEST TO APPROVE A RESOLUTION THAT
PROVIDES A STANDING AUTHORIZATION FOR THE
DURATION OF CALENDAR YEAR 2015 TO ISSUE UP
TO $40 MILLION IN REFUNDING BONDS FOR WATER
REVENUE BONDS TO DECREASE THE CITY'S DEBT
SERVICE, SHOULD INTEREST RATES DECLINE
DURING THIS PERIOD TO SUFFICIENTLY WARRANT
A REFUNDING.
BACKGROUND: l The proposed resolution will allow the City to refund
certain outstanding issues of Water Revenue Bonds in
advance of their stated maturities.
l The City's financial advisor, Public Financial
Management, Inc. (PFM) has advised this proposed
action in response to potential low interest rates in the
municipal bond market.
FISCAL IMPACT: l This resolution restricts the issue of Refunding Bonds to
market conditions that would result in a net present
value savings to the City of not less than three percent
(3%).
l The City Manager recommends approval.
Supporting Material
sdm12952 Reso Authorizing the Issuance of $40,000,000 Water Revenue Bonds (Refunding)
H. Appropriations
ACTION: A REQUEST FOR A MOTION OF CITY COUNCIL TO
APPROVE AS A BLOCK THE FOLLOWING
APPROPRIATIONS.
1. Department of Human Services (DHS) – FY 2015
Maternal Infant Early Childhood Home Visiting
(MIECHV) Grant – $430,483
H. Appropriations
1. Department of Human Services (DHS) - FY 2015 Maternal Infant Early Childhood
Home Visiting (MIECHV) Grant - $430,483
ACTION: A REQUEST TO APPROVE A RESOLUTION
APPROPRIATING $430,483 OF FEDERAL REVENUE TO
THE DEPARTMENT OF HUMAN SERVICES (DHS) FOR
THE MATERNAL INFANT EARLY CHILDHOOD HOME
VISITING (MIECHV) PROGRAM.
BACKGROUND: l The Virginia Department of Health (VDH) has awarded
the third year of funding for the Home Visiting Grant in
the amount of $430,483.
l The purpose of this grant is to expand the delivery of
home visiting services using evidence-based early
childhood home visiting models.
FISCAL IMPACT: l No local match is required.
l The City Manager recommends approval.
Supporting Material
CM Memo re MIECHV Grant for DHS
sdm12943 Appropriation re FY15 MIECHV Grant
sdm12943
RESOLUTION NO. _______________
A RESOLUTION APPROPRIATING FUNDS FROM FEDERAL REVENUE - MIECHV TO
MIECHV PROGRAM.
NOW, THEREFORE, BE IT RESOLVED by the Council of the City of Newport News:
That it hereby appropriates funds from Federal Revenue - MIECHV to MIECHV Program,
as follows:
Appropriation From:
Federal Revenue - MIECHV
2650-000-34-3495-483000-000000-0000-
34N15-34N15 $ 430,483.00
Appropriation To:
MIECHV Program
2650-000-34-3495-530100-000000-0000-
34N15-34N15 $ 430,483.00
*I. Citizen Comments on Matters Germane to the Business of City Council
J. New Business and Councilmember Comments
City Manager
City Attorney
City Clerk
Price
Scott
Vick
Woodbury
Bateman
Cherry
Coleman
K. Adjourn
*THE BUSINESS PORTION OF THE MEETING WILL BE CONCLUDED NO
LATER THAN 10:00 P.M. TO ALLOW PERSONS TO ADDRESS CITY COUNCIL
UNDER “CITIZEN COMMENTS ON MATTERS GERMANE TO THE BUSINESS
OF CITY COUNCIL.”
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