Roanoke Times
Copyright (c) 1995, Landmark Communications, Inc.
DATE: FRIDAY, June 16, 1995 TAG: 9506160046
SECTION: CURRENT PAGE: NRV-2 EDITION: NEW RIVER VALLEY
SOURCE: RICK LINDQUIST STAFF WRITER
DATELINE: RADFORD LENGTH: Medium
Council went along with Councilman Bill Yerrick's suggestion and budgeted $230,000 to create a debt-service account from general funds.
Yerrick told his colleagues the city needed a "more systematic way" of paying off long-term debt.
Councilman David Worrell agreed. "It's a valuable tool for council to have," he said before the unanimous vote.
Money for the initial fund, part of the city's 1995-96 budget, will come from a $345,000 contingency fund.
Councilwoman Polly Corn pointed out that the amount would only be enough to service approximately $2 million in long-term debt, so the pot would have to be replenished or increased if council went above that amount.
Yerrick conceded that council still must figure out a way to keep the account at least at its initial funding level.
The city is considering a bond issue or other long-term financing to pay for projects such as an estimated $2 million in needed repairs and improvements at the city's water treatment plant and at least $1 million in school construction.
In other matters at Monday's meeting, council:
appointed a board of viewers to investigate and report on requests from Radford University to close three alleys between Adams and Jefferson streets and from Kendall Clay to close an alley between Grove Avenue and Pickett Street.
ensured the city's participation in a Virginia Retirement System program providing special not-reduced retirement benefits for certain city employees who have lost their jobs. The council voted 3-2 to reject a motion not to take part in the program.
will draft a resolution to create a new, six-member Radford Community Policy and Management Team, to coordinate comprehensive services for at-risk children and youth. A new, city-only board became necessary when Pulaski and Giles counties broke away from the original team, which also included Radford and Floyd County.
authorized a contract not to exceed $188,948 to Southern Corrosion to repaint two water tanks. Work on the projects should be completed by fall.
unanimously requested proposals for engineering services on a sewer system inflow/infiltration project.
unanimously approved an easement to permit a privately owned sewer line to cross the property of Fairview Home in Pulaski County. The city is a member of the Fairview Home Board of Directors.
agreed to spend $2,400 next year for a wheelchair lift to increase accessibility to the municipal pool.
by CNB