September 24, 2014

Special Meeting

MINUTES OF THE CITY COUNCIL SPECIAL MEETINGHELD SEPTEMBER 24, 2014

A Special Meeting of the City Council of the City of Hopewell, Virginia, was held Wednesday, September 24, 2014, at 7:30 p.m. in the City Council Chambers, Municipal Building, 300 North Main Street, Hopewell, Virginia.

PRESENT:Michael C. Bujakowski, Mayor

Jasmine E. Gore, Vice Mayor

Roosevelt Edwards, Jr., Councilor

K. Wayne Walton, Councilor

Jackie M. Shornak, Councilor

Mark A. Haley, City Manager

David C. Fratarcangelo, City Attorney

Cynthia Y. Ames, City Clerk

ABSENT:Christina J. Luman-Bailey, Councilor

Brenda S. Pelham, Councilor

ROLL CALL

Mayor Bujakowski opened the meeting at 7:30 p.m. Roll call was taken as follows:

Mayor Bujakowski-present

Vice Mayor Gore-present

Councilor Luman-Bailey-ABSENT

Councilor Edwards-present

Councilor Walton-present

Councilor Pelham-ABSENT

Councilor Shornak-present

R-1 BUDGET RESOLUTION AMENDMENT FISCAL YEAR 2014–2015-PROPOSED APPROPRIATION TO THE ECONOMIC DEVELOPMENT AUTHORITY OF THE CITY OF HOPEWELL, VIRGINIA

Motion was made by Vice Mayor Gore, seconded by Councilor Shornak to adopt Budget Resolution Amendment Fiscal Year 2014-2015 appropriating funds in the amount of $700,000 to the Economic Development Authority of the City of Hopewell, Virginia to provide for in economic development projects. Upon the roll call, the vote resulted:

Councilor Edwards-yes

Mayor Bujakowski-yes

Vice Mayor Gore-yes

Councilor Walton-yes

Councilor Shornak-yes

BUDGET RESOLUTION AMENDMENT

FISCAL YEAR 2014-2015

WHEREAS, at the special meeting of the City Council of the City of Hopewell held on September 24, 2014, an amended budget was introduced to appropriate funds for the FY 2014-2015 budget to provide for economic development projects.

WHEREAS an amended budget to appropriate funds in the amount of $700,000 for the Economic Development Authority of the City of Hopewell, Virginia from the Unassigned Fund Balance for the FY 2014-2015 budget, was introduced; and

WHEREAS, sufficient funds exist in the respective fund balance reserve account.

BE IT, HEREBY, RESOLVED by the Council of the City of Hopewell that:

Sec. 1The following designated funds and accounts shall be appropriated for economic development projects from the Unassigned Fund Balance.

General Fund-011:

Resources:

Fund Balance...... / $700,000
Appropriations:
Transfer to Fund 075...... / $700,000

Economic Development Fund-075:

Resources:

Transfer from Fund 011...... / $700,000
Appropriations:
Operating Expenditures...... / $700,000

ADJOURNMENT

At 7:31 p.m.motion was made byCouncilor Walton, seconded by Vice Mayor Gore and unanimously passed to adjourn the meeting.

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Michael C. Bujakowski, Mayor

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Cynthia Y. Ames, City Clerk