HomeMy WebLinkAbout6/2/1992 - Adopted Board RecordsAT A REGULAR MEETING OF THE BOARD OF SUPERVISORS OF ROANOKE COUNTY,
VIRGINIA, HELD AT THE ROANOKE COUNTY ADMINISTRATION CENTER,
TUESDAY, JUNE 2, 1992
RESOLUTION 6292-1 APPROVING AND RATIFYING CERTAIN AGREEMENTS
WITH RESPECT TO THE ROANOKE VALLEY RESOURCE AUTHORITY AND
ACKNOWLEDGING THE ISSUANCE OF THE AUTHORITYPS SOLID WASTE SYSTEM
REVENUE BONDS, SERIES 1992 IN CONNECTION WITH THE AGREEMENTS
The County of Roanoke, Virginia ("County") is a member of the
Roanoke Valley Resource Authority ("Authority") pursuant to the
Virginia Water and Sewer Authorities Act, Chapter 28, Title 15.1,
Code of Virginia of 1950, as amended ("Act") and has entered into
the Roanoke Valley Resource Authority Members Use Agreement, dated
as of October 23, 1991 ("Members Use Agreement") among the Roanoke
County Resource Authority (as predecessor to the Authority), the
County, the City of Roanoke, Virginia ("City") and the Town of
Vinton, Virginia ("Town"). The Authority proposes to issue its
Solid Waste System Revenue Bonds, Series 1992 ("Bonds") in an
amount not to exceed $40 million to finance the cost of acquiring,
constructing and equipping a sanitary landfill, transfer station
and related facilities to provide a regional solid waste disposal
system for members of the Authority ( "Project") . To facilitate the
sale of the Bonds, the parties to the Members Use Agreement desire
to amend certain of its terms by executing a First Amendment to
Roanoke Valley Resource Authority Members Use Agreement dated as of
June 1, 1992 (the "First Amendment").
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF
THE COUNTY OF ROANOKE, VIRGINIA:
1. Approval of Agreements. The Board of Supervisors hereby
approves the First Amendment and approves and ratifies the Members
Use Agreement, the Assignment Agreement, dated as of October 23,
1991, among the Roanoke Valley Regional Solid Waste Management
Board, the Roanoke County Resource Authority (as predecessor to the
Authority), the City, the Town and the County, and the Distribution
and Indemnification Agreement, dated as of October 23, 1991, among
the Roanoke Valley Regional Solid Waste Management Board, the
Roanoke County Resource Authority (as predecessor to the
Authority), and the City, the Town and the County; all of which
were previously approved by the Board of Supervisors by Resolution
No. 102391-1 dated October 23, 1991.
2. Acknowledgeaent of Authority Financing. The Board of
Supervisors acknowledges the Authority's intention to issue the
Bonds in June of 1992, and further acknowledges that the Authority
is issuing the Bonds in order to undertake its duties and
obligations under the Members Use Agreement.
3. Pro Rata Share. The County Administrator is authorized
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and directed to include in the budget to be submitted to the Board
Of Supervisors in each fiscal year or in such supplemental requests
for appropriations as may be necessa
County's Pro Rata Share rY. an amount equal to the
if any. The County's obligationetol make Pro�Rata Share pn the Meers Use ayments
under the Members Use Agreement is subject to and dependent mupon
annual appropriations being made from time to time by the Board of
Supervisors for such purpose. Nothing in the Members Use Agreement
or this Resolution shall constitute a pledge of the full faith and
credit of the County or require or be deemed to require
appropriations to be made. The facilities and services to be
provided by the Project are essential and necessary to the
operations of the County.
4. Further Actions
Officers and agents as he may designate are authorized and directed
to execute and deliver the First Amendment with such modifications
as they deem necessary or appropriate to facilitate the sale of the
Bonds, and such officers are further authorized to
prepare,
executed and deliver any and all instruments, certificates and
other documents and to take such action as they deem appropriate to
carry out the purposes of this Resolution and any such action
previously taken is hereby ratified and confirmed.
5. Effective Date. This Resolution
immediately. shall take effect
On motion of Supervisor Johnson to adopt the resolution, and
carried by the following recorded vote:
AYES: Supervisors Johnson, Kohinke, Minnix, Eddy
NAYS: None
ABSENT: Supervisors Nickens
A COPY TESTE:
Mary H. Allen, Clerk
Roanoke County Board of Supervisors
cc: Diane D. Hyatt, Director, Finance
John R. Hubbard, CEO, RVRA
Gardner W. Smith, Chairman, RVRA
Carolyn S. Ross, Clerk, Vinton Town Council
Mary F. Parker, Clerk, Roanoke City Council
File
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