HomeMy WebLinkAbout6/2/1992 - Special
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June 2, 1992
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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.
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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
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AÐÐroval of Aqreements-and Acknowledqement of the
Issuance of Solid Waste System Bonds for the
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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
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June 2,1992 341
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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
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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
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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
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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
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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
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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
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June 2, 1992
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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
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