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HomeMy WebLinkAbout6/2/1992 - Special ~ ~ June 2, 1992 339" J Roanoke County Board of Supervisors Roanoke County Administration Center 3738 Brambleton Avenue S. w. Roanoke, Virginia 24018 June 2, 1992 -The Roanoke County Board of Supervisors of Roanoke County, Virginia, met this day at the Roanoke County Administration Center, this being the first Tuesday, and an adjourned meeting continued from May 26, 1992. I IN RE: CALL. TO ORDER Chairman Eddy called the meeting to order at 8:05 a.m. The roll call was taken. MEMBERS PRESENT: Chairman Lee B. Eddy, Vice Chairman Edward G. KOhinke, Supervisors Bob L. JOhnson, H. Odell Minnix MEMBERS ABSENT: Supervisor Harry C. Nickens STAFF PRESENT: Elmer C. Hodge, County Administrator; Paul M. Mahoney, County Attorney; Mary H. Allen, Clerk to the Board; Anne Marie Green, Information Officer IN RE: NEW BUSINESS I .L. AÐÐroval of Aqreements-and Acknowledqement of the Issuance of Solid Waste System Bonds for the ...4 ,... 34·0 June 2, 1992 Valley Resource Authority R-6292-1 Finance Director and Resource Authority Treasurer Diane Hyatt advised that the resolution approves agreements that the City of Roanoke and Town of Vinton have previously approved. Changes include: (1) The localities will commit to the disposal of waste delivered by or on behalf of the locality to the facility; (2) In the event that a new annual budget has not been approved at the beginning of the fiscal year, the Roanoke Valley Resource Authority will continue to operate under the annual budget of the preceding year until the new budget is approved; (3) The Termination on Default provision cannot be used while there are outstanding bonds. In response to a question from Chairman . Eddy, Ms. Hyatt advised that the Resource Authority decided to fund the rail spur because there was a savings by using bond money. Supervisor Johnson moved to adopt the resolution. The motion was carried by the following recorded vote: AYES: Supervisors Johnson, KOhinke, Minnix, Eddy. NAYS: None ABSENT: Supervisor Nickens RESOLUTION 6292-1 APPROVING AND RATIFYING CERTAIN AGREEMENTS WITH RESPECT TO THE ROANOKE VALLEY RESOURCE AUTHORITY AND ACKNOWLEDGING THE ISSUANCE OF THE AUTHORITY'S 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 ..... ~ I I ~ ~ June 2,1992 341 I ~I I Virginia Water and Sewer Authdrities Act, Chapter 28, Title 15.1, Code of Virginia of 1950, as a!mended ("Act") and has entered into the Roanoke Valley Resource Auihority Members Use Agreement, dated I 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 .. I. . SOlld Waste System Revenue Bonds, Serles 1992 ("Bonds") ln an amount not to ex~eed $40 milliln to finance the cost of acquiring, constructing and equipping a Janitary landfill, transfer station and related facilities to provlde a regional solid waste disposal system for members of the Authohity ("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 Authoiity Members Use Agreement dated as of June 1, 1992 (the "First Amendment"). NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF I THE COUNTY OF ROANOKE, VIRGINIA: 1. ADDroval of Aqreements. The Board of Supervisors hereby approves the First Amendment add 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 ....1 ,... 342 June 2, 1992 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. Acknowledqement 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 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 necessary, an amount equal to the County's Pro Rata Share (as defined in the Members Use Agreement), if any. The County's obligation to make Pro Rata Share payments under the Members Use Agreement is subject to and dependent upon 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 ~ ~ I I ~ ~ June 2, 1992 3 43 '~ operations of the County. 4. Further Actions. The County Administrator and such 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. ~I 5. Effective Date. This Resolution shall take effect immediately. On motion of Supervisor Johnson to adopt the resolution, and carried by the following recorded vote: AYES: Supervisors Johnson, Kohinke, Minnix, Eddy NAYS: ABSENT: None Supervisors Nickens IN RE: ADJOURNMENT Following a tour of the proposed bond projects, meeting was adjourned at 1:00 p.m. the I ß ~ ,... ~ I I .....