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05-13-1992 MinutesNay 13, 199~ Supervisors in Attendance: Mr. H~rry G. Daniel, Chai~m~n Mr. Arthur $. Warren, Vice Chrm. ~Lr. ~aley M, Culbsr~ Mr. J. L. McHale, III Mr. Lane ~. Remsey County A~ministra=or Staff i~ Attendance: Ms. Gilly Bland, Registrar Ms. Mary Ann Curtain, Admln./Ch/ef, B~dg~ and Mrs, bori~ K. D~Hart, Asst. Cc. Ad, in., Legiu. eYeS. and Int~rgov=rn. Affairs Chief Robert L. ~anes, Jr., Fire Department Mr. Bradford 8. Hammer, Deputy CO. Admin., Management ~ervicez Dir., General Services Dir., Planning Dr. Burt Lows, Dir., ~ ~ental ~eal~h/Mental Retardation Ms. Mary Leu Lyle, Dir., Accounting Mr. Jacob W. Mast, Jr., Dir., Nursing Nom~ Mr. R. John McCracken, Dir., Tra~portatlon Mr. Richard M. McElfish~ Dir~, Env. Engineering Mr. Steve~ L. Micas, County Attorney Mrs. Pauline A. Mitchell, Dir., ~ews & Public Information So,Vices Dr. William Net~en, Dir., Health ~r. Richard Nunnally, Extension Agent Ac%ing Clerk to the Board Mr. Richard F. 8ale~ Deputy Co. Admin., Community Development Ms. ~ea~ smith, Dir., social Service~ ~r. Jams= J. L. Steg~aior, D~., B~dget & Munugement ~r. David H. Welchon~, Dir., Utilities ~r. Erederiek Willis, Jr.~ Dir., H~a~ Resourea Mgt. Mr. Daniel called the regularly scheduled meeting to order at 3:05 p.m. (EST). .......................... J ., L L ............ A. APR.~ 22, 0m motion of Hr. Warren, se=ended by Mr. McHale, the Board approved the minutes of April 22, 1992, ns submitted. Vote: Unanimou~ On motion of Mr. Colbert, seconded by Mr. M:Hale, the Board npproved the minutes of April ~9, 1992, ~ ~ubmitted. Vote: Unanimous 2. COU~F~Y ADMINISTRATOR'S ~S Mr. Ramsay stated the vi~glnla ~tate P01ioe Aviation Unit had recently been presented with an international award for the Most "worthy contribution tc the advancement of the crime suppression concept of helicopter patrols". Vi~inia State Police Colander Aviation Unit~ and Lieutenant Bill Buell, chief Flight Par~sdic for the Chesterfield County Fire Department. He ~tated ~ Virqinia ~tate ~olie~ Aviation uni~ had been presented with the coveted "McDonnell Douglas of the A~iatt~n Unit was the M~d-Flight Proqram which involved the Virginia State Police, th~ ~e~terfield cowry Fire Debarment, M~ Hospital and the Virginia Division Eme~ency ~edical Semites. He o0ngratulated Li=ut~nant appreciation to those involve~ in the Program. Midlothiam ~igh Schools who were present to obsess the Board 3. BOARD ~OMMi['r~'~E BE~ORTS 4. }~QOESTS TO POSTPONE AC~ION. ~ENCY~d)DITION~O~ C~ANG~ IN -~ ~ OF ~S~ATI~ On motion o~ ~. Dazber, ~euonded by Mr. McHale, the ~oard moved Items 2.A. ~n4 2.B., Cowry Administrator's Co~ent~ to follow Item 13., Pledge of Alleglanc~ to %he Flag U~ th~ u~i=~d ~at~s of ~erica; moved Item 6.E.5., Application of Concerned Citizens of Sou~ide~ In~. for a ~i~go Pe~it to Sollow It~ 6.D., Streetli~ht Installation Co~t Approvals; added Item 6.E.18., Award Of $al~ for $15 Hillion of Bond Anticipation Not~s Ser~e~ of 1992 t0 follow It~ 4; and moved Item 6,B., ~omlnation and Apgoi~en~ of Candi~ata for ~e School Board from the Matcacu Magisterial District to follow thi~ it~ and~ adopted the ag~n4a, as amends4. 92-336 5/13/92 ~0~ ~OH 'l'f~ ~ATOA~A~IAGIeTZ~I~LDIS~T~ICT Mr. ~icas stated the ~oard had h~ld a p~lio hearin~ on ADril 29~ 1992 for ~andidatem to pre~nt themselves to se~e on the School ~ard reprimanding Ma%oa~a ~a~is~erial Dist~iot. He fu~her stated Mm. Jocelyn Barnwell, Dr. William A. Claybo~e ~nd Dr. Mar~ A. Johnso~ had p~esented themselves at the public hearing and were eligible for appointment. He not~ ~e appointment would be effmative J~ly 1, 1992 and would be a ~o~r year After brief discussion, on motion of ~r. Colbert, ~condad Dy Mr. McHale, the Bourd suspended its ~l~s to all'ow ~imul~ane~us n~mina~ion/a~poin~m~n~ a~ ~hi~ time for ~=presentutive %o se~e on the Chesterfield County Zchool Vo=e: UnaBimo~$ Mr. Bar, er stated during his te~ as a Supe~i~o~, many issues relating to ~e School Syste~ would b~ addressed and he felt his experience as a school teacher could offer insiqht into ~e educational process and he could se~e ~e b~st of all County citizen~ Dy ~is participation in affe¢ting the S~hool System. He further stated the vi~inia co~flict of I~te~est Act allows him to leqally participate in and vote on issues which may aff~=~ school teachers or any ot~e~ aspect of ~e School System p~ovided he p~llcly a~ility tO pa~ticipate fairly, objectively and in ~e p~lic int~r~t. ~ indioat~d h~ f~lt he could participate in manner and wa~ planning to Continue to do so on such school Mr. Colburt mud~ u motion, seconded by Mr. Warr~, ~or th9 Board to simultaneously nominate/appoint at this ti~e D~. Kar~ A. Johnson, representing Mato~oa Magisterial Dis~ric~, Mr. Dan{~l stated the County Charter provided ~ut the Supe~isor from ~e ~atoaca District must nominate a f~r aDpointment and provlde~ an~. other ~e~er of ~e Board ~y also nominate a candidate from those identified at the tearing. There were no other nominations for reDr~ntative~ to on the Chesterfield County School Board regresen~ing ~toaca Magisterial District. Mr. Daniel ~alled fo~ the vote on the motion ~de by colbert, s~conded by ~r. Warren, for th~ Board to ~imultaneously nominate/appoint at this time Dr. Har~ Johnson, reDresenting ~toaca Magisterial District, to on the Chesterfield County School Board, who~e te~ effective July 1, 199~ and will e~pi~e June 3Q; 1996. the SChool Board and ~xpre~d appreoia~ion to the ~oar4 for having confidence in h~m to se~e in this capacity. Ke interests and conce~m of the Citizen5 and wo~ld ~epre=ent all in ~e best interest of Matoaca District and the coungy. 5/13/92 6.E.la. AWARD OF SAL~ DR $15,000,000 OP ~OBD A1~TICIPATIO~ Mr. ~er ~tated the County had recelv~d bid~ for $1~ ~llicn ~f Bond Anticipation Not~ - S~rles ~f 1992 pendin~ ~ard r~te of 3~150 per~ent by Davenpor~ & Company and the remainin~ $i4 million were bid by Prudential gecuritiez at a net interest rate of 3.15081 percent. He meted staff was r~co~nding mn award of sale to DavenDo~ for $1 million and to P~dential Securitie~ for $14 million. On motion of Mr. MoSaic, seconded by Mr. Barber, the Board adopted ~he fellowing resolution: COU~Y O~ CM~ST~L~, SECTION 1. Findimqm and Dete~inmtiomm. (a) ~urmuan= to chaDtmr 5 of Title 1~.1 of ~he Code of virginia, 1~50 (the m~me being the Publlc Finance Art of 1991), electio~ d~ly called and held under the ~blic ginance ACt the cowry of Chesterfield, Virginia (th~ "County"), county ~ated Dece~er S, 19S~, ~ County is authorized contract ~ebt and issue its gen~ral obligation bonds in the ~xim~ amour of one hundred thirty-five million nine of mit~m fo~ fUtUre school const~ction. (b) ~rsuant to Section 1~.1-189 of ~e ~blic to issue general obligation bonds in ~e principal amount one hundred thirty-fiv~ million nin~ hundred thousand dollars ($1s5,900,0~0) for oapital ~ol imprevement proj~ct~ in ~ County as authorized by ~m voters of ~e County at aforementioned election held on Nove~er s, 1988. (c) The Board of Supe~isor~ deems it advisable and ut this time for the immunnce, male and delive~ of fifteen g~eral obligation bonds authorized for issuance by the voters of the County at the aZor~entione~ elco=ion =alle~ am~ held in the County on Nove~mr 8, 1988. The proceeds of sale of co~t~ of capital ~chool improvement p~ojects of and for t~e ~ereby ~alI be in addition to the ~en~ral obligation bondn ~or capital SG~001 improvement ~rojeots au~orized for issuance but unissued pursuant to th~ r~ol~tion ad~pt~d by ~e Board of Sup=~isor~ on Nove~er 28, 1990. (d) ~e Board of supe~isors deems it advisable and in the bast lntare~t~ of ~e Co~ty to authorize and provide at this time for the i~uanc~, sale and delivery of million dollars ($15,000,000) aggregate princlpal amount general obli~at~on bond anticipation no%es of %h~ County "Notes"] in anticipation of ~e i~uan=~ of th~ bond~ to in paragraph (c) above. Th~ proceeds of sale of auch general obligation note~ ~hall be appli~ to finan¢e ~e of capital ~chool improwement project~ of and fo~ the County. pursuant to a Re,est for Propo~al~ d~ted ~ay 6, ~992. SECTION 2. Authorization of Bonds. For the of finanoing ~e cumts of =apital school improvement projects in the County, a~ authorized by ~ voter~ of the County at the $1~ction held in the County on ~Qva~er S, 19SS, ~ere are hereby authorized to be issued, sold and delivered an i~ue fifteen mitlion dollars ($16,000,0OO) principal ~o~t general obligation bonds of the county to b~ designated and -r known as "Public Improvement Bends" (hereinafter referred to as the "Bonds"). ThE Bond~ Shall be issued and geld in their as s~all be ~etel~mined by the County Administrator of the County. The Bonds may be ~old at the .same time as other general obligation bends are sold by the County, The Bends shall bear interest at such rate ar rates per annum as shall he specified in the hid accepted by subset/usnr resolution of the Board oS Supervisors for the purchase of the Bonds of series, if any bid therefor be accepted. The county A~miniatrator is authorized to determine~ in accordance with and subject to the provi~ion~ of this r~selution: whether the ~ends of any series Shall be in fully-registered or bock-entry form; the denomination or denomina~ion~ of =~e Bunds; the the interest paym~Dt date~ thereof; the ~scord dates for the payment of interest thereon; the maturity date~ thereof; the amount of principal maturing on each maturity date; the or places of payment thereof and the paying agent or paying agents therefor; the place or places of regi~tration~ exchange ~unds shall be subject =o redemption prior to thei~ stated maturity o~ maturities and if =ubject to s~eh redemption, the premium, if any, payable upon such redemption amd the SECTION 3. Appointment of Registrar: Pav~9.n~ (a) Appointment of Registrar. subject to the approval of the Board of Supervisors hy subsequent resolution adopted on the date cf sale of the Bonds, the County Administrator is hereby authorized to select, for each (her~ina£ter referred to as the "Registrar"), which Registrar (b) Pa~ent of Bonds. (i) At any time during which th~ ~onds of any series shall be in fully registered payable by cheek er draft mailed by the Registrar to the re~£stered owners of the Bonds of such series at their such ~erles, and the principal of and premium~ if any, on the Bonds shall be payable at the principal office of Registrar. (ii) At any t~me during which the Bonds of any series ~hall ~e in book-entry for~, the ~rlncipal of and premium, if any, and interest on the Bonds of such series shall be payabl~ in accordance with the arrang~4~ente made with the depository for the Bonds of such (iii) The principal of and premium, if any, and interest on the Bonds shat1 be payabl~ in such coin or dates of payment is legal ~endsr ~er public and private debts. Bonds. (i) At all times during which any ~ond outstanding and unpaid, the Registrar ~hall keep or cause to be kept at its principal offlc~, books of registry for the presentation at the principal office of the Registrar for much ~egistry the Bond~ as herein set £urhh; ~rovided, however~ that the Registrar shall not be re,ired to do sc with respect to any Bond after the close of bus,ness on the forty-fifth 92-339 (45th) day next preceding any date fixed for the redemption of s~¢h Bond or any portion thereof. (ii) Any Bond may be exchanged at the principal office of the Registrar for a like aggregate principal amount of ~onds in other authorize~ principal amounts of the same interest rate and maturity. (iii) Any Bond may, in accordance with its terms, he transferred upon the books of registry by the person in whose name it is registered, in person or by his duly authorized agent, upon surrender of such ~ond ko the Registra~ transfer duly exmcuted by the registered owner in person or his duly authorized agent, in form ~ati~factory to the Registrar. (iv) All transfers or exchanges pursuant to this Section 3(¢) shall be made without ex-Dense to the registered exchange of any tax or other goverrnmantal charges required to be paid with respect to such transfer or exchange. (v) Ail Bonds surrendered pursuant to this Section 3(e) shall be cancelled and not reissued. (a) Provisions for Redemption. Subject to the Admlni~trator ~hall dat~rmin~ the provision~ for th~ (b) Notice of Redemption. Notice of any such redemption shall be mailed not less than thirty (30) days prior to tho date fixed for redemption by first class mail, postage prepaid, to the registered owner of the ~onds to be becks of registry, such notice shall specify the date, ~t~mbers and m~turities of the ~onds to be redeemed, the date and ~lacs fixed ~or t-heir rsd~mption end the premium, if any, principal ~o~n= u£ an~ ~ond is to be redeemed, that such Bond must be murrendered ~n exchange for the principal amount equulling in principal ~fl~ount that portion of the principal ~mount thereof not redeemed, en~ shall also state ~hat upon the date fixed for redemption there shall become due and payable upon each Bond called for redemption the principal premium, i~ uny, and the ~nterest acc~ed On s~ch princ~pal amount to the date fixed for redemption, and that from and (c) ~ffect of R~demptic~. When notice of set forth, ~Ugh Bond '(or ~he principal amoent thereof te be redeemed} shell Become d~e and payable on the redemption date specified in such notice at a price equal to the principal together with the interest accrued on ~uch BODd (or o~ ~he Whenever payment of such redemption pric~ shall have been duly prlncipal amount thereof to be redeemed) so called for specified for redemption. (d) Cancellation. All redecnaO BonO= =hall be cancelled and not rci~eund. SECTION 5. Bxcoution nnd Authentication of B~nd~ CUSIP Identification Kumbers. (a) Execution of Bonds. Thc Bonds shall be executed in the n~me of the County by the manual or facsimile signaturs oS the Chairman of thc Board of ~upervisors, and the corporate seal of the Board of Supervicorc shall bo i~pressed, or a facsimile thereof printed~ on the Bonds, attested by the manual or facsimile signature of the Clerk of the Board of Supervisors, neither of which eignaDurec ic required to be manual. (b) Authentication of Bonds. The County Administrator shall direct the Registrar to authenticate the Bondc and no ~0n~ ~hall be valid or obligatory for any unless and until the certificate of authentication endorsed on suc~h Bond shall have been manually executed by an authorized oignator of the Registrar. Upon the authentlcatio~ of any BonO, the Registrar shall insert in thc certificate of authentication the dat~ a~ of ~hich such Bond i~ authe~tieate~ ac follows: {i) if the Bond is authentioated prior to the first interest payment date, th~ Certificate =hall be dated as of the date the ~onda ars delivered to and paid for by the initial purchacere thereof; (ii) if the Bon~ is authenticated u~on an interest Raymcnt date, the oertlflcate ~hall be dated as of such interest palrm~nt date; (iii) if the Bond ia authenticated on or after the r~ocrd data for tbs payment 0f interact on the BO~45 and prior to such interest payment date, the ccrtif~oat~ shall b~ dated as of su0h interest puymsnt date; and (iv} in all other instances, the oe~ti£icate chall ba dated the date upon which the Bond is authenticate~. The execution and authentication of the Bonds in the manner a~ove set forth ic adopted a~ a due and sufficient authentication of the Bond~. (e) CUSI~ Idsntifioatlon Numbcr~. CUSIP neither the failure ts print any such number on any Bonds, nor any error or e~i~ion with respect thereto, ~hall constitute cause for failure or refusal by the mucoessful bidder for the Bonds to accept delivery of and pay for the Bonds in accordance ~ith the tcr~ of itc proposal to purchase the Bonds. NO each nt~mber =hall constitute or be dee~ed =o be a ~art of any Bond or a part of the contract evidenced thereby and no liability ~hall attach to the dounty or any of its officers cr a~ent~ because of or en account of any =ach ~,~her or any um, ~ade ~h~reof. SECTION 6. Tax Covenant. The Coun=y Oov~nantc and agrees to oom~ly with the provisions of Sections 103 and l~-l~0 of the Internal Revenue Code of 198~ and the appllcablc Treasury Requla~ions p~emUlguted thereunder throughout the term of the 5snds. SECTION 7. sources of Payment of Bcndc. The full faith and credit of the County shall b~ and is hereby irrevocably pledged to the ~unotual paymont of the principal of and interest on the Bonds a~ the same become d~e. There shall be levied and csllceted annually, at the same time and collected, a~ valorem =a~es without limitation as to rate or amount, sufficient to provide for ~h~ pa!r~ent of thc principal of and interest on thc Bonds as the came respectively become due and payable. SECTION ~. Fo%~ of Bonds. The Bsndc shall be in ~ubstantially the form cot forth below with such necescary or appropriate variations, omissions and insertions as are 92-341 incidental to their nut%bars, interest rates and maturities or as are othel~i~e pe~mitted ar ~aquired by law or this UNITED STAT~S OF AM~P~ICA CO/~4OSTh~ALTK OF VIRGINIA COUNTY OF CHESTERFIELD GENERAL OBLIGATION PUBLIC IMPROVEMENT BOND SERIES OF ~d~GISTERED REGISTERED No. R- $. INTEREST RATE: MATURITY DATE: DATE OF BOND: CUSI? NO.: REGISTERED OWNER: PRINCIPAL A~OUNT: The County of Chesterfield (hereinafter referred as the "County"), a political subdivision of t_he Commonwealth Regis~sred Owner (named above}, or registered assigns, OR the Maturity nata (specified above), unless this Bond shall have bean duly called for previoug r~demption and payment of the red~ption price mhall have buun duly made or provide~ for, the Principal A~omnt (specified above), and to pay interest om such Principal Amount o~ , 19 and semiannually date of authentication ~ereof to which inter~st shall have been paid, ~nlmss much date of authentication is an interest a~en~ioation i~ within tSe period from [insert appropriate o~ fiftee~t~ duy cf calendar month] to such i~ter~t da=e, in whio~ oa~e from such interest pa~ent date if interest ha~ been paid to such date, until th~ pa~nt of suet P:inui~l ~ount (each such date is hereinafter referred to an interest pa~ent date) at the I~terest Rat~ above) per annum, by ~eck or draft ~ailed by the hereinafter mentioned to the Registered ~er hereof at his lan~age dep~ndinq on whet~er interest p~nt d~ta is first or f~ft~nth day of calendar mon~]. The principal of and premix, if any, on this Bond are payable upon presentation 5nd ~urrend~ h~eof at the (the "Registrar"). The principal of and pr~ium, if any, and interest on ~his ~ond ars Day~le in such coin c~=rency of the United State~ of America a~ at ~e dates of paten% is legal ~en~er for p~lic and private debts. This ~ond i~ one of a duly a~orize~ issue of (her~in refe~ed to a~ t~= "~ondm") ortho nggr~g~te ~o~t O~ ($ ) Of lika date and tenor herewith, except for nu~er, denomination, inca=est rate, maturity and redemption p~ovi~io~s, and is issusd for the purpose of financing the costs of various capital improvement projects in and for the County, under and pursuant to ~nd in full compliance with the Constitution and statutes of the Co~onw~al~ of vi~inia~ including Chapter 5.1 of Title 15.1 of the Code Qf Virginia, 19~0 (thm same beln~ th~ ~blio Finance Act of 1991), election duly held in ~e Co~ty ~der s~ch Chapter 5 on 92-~42 5/~3/92 November 8, 1988, and resolutions duly adopted by the Board of Superviser~ cf the County under s~ch chapter 5 on and The Bonds Of the series of ~on~s of which this Bond is one maturing on or before ~ __ shall not be ~ubject to redemption prior to their orated mat~riSieo. The Bonds of tho series of Bonds of Which this Bond i~ one (or portions thereof in installments of $~000) maturing on and after shall be subject to redemption at the option of the County prior to their state~ maturities on or after , in whole at any tine~ or in part from time to time on any interest payment data in ouch order as may be de=ermined by the County (e~cept that if at any time less th~n all of the Bonds of a maturity are called for redemption, the particular Bonds e~ portions thereof to be redeemed shall be selected by the Registrar by lot}, upon payment of the fOllOWing redemption prices (e~rpressed as a per~entage of the prinoipal ameun~ of Bon~s to he redeemed), together w~th the interest accrued on such principal a~ount to the date fixed for %he redemption thereof: Redemution Dates Redemption Prices If this Bond or any per=ion cf the principal amount hereo£ ~hall be called f0~ ~edemption, notice of the r~demption hereof, specifying the date, number and ma~uri=y of this Bond, the date and place er placeo fi~ed for its redemption, th~ premium, if any, payable upon ouch redemption, and if less than the entire principal amount of thi~ Bond ~ to be redeemed, that thio Bond must bm surrendered in e~shange for the principal amount hereof to be redeemed and the issuance of a new Bend sc/uollin~ in principal a~ennt that portion of the ~rincipul amount hereof not redeemed, ~hall be mailed not leas than thirty (~o) ~ays Drier to the date fixed fo= ~edemption by first class mail, postage prepaid, to the Registered Owner u£ this Bend at h~e address as ~t appears on the books of regist~ kept by the Registrar. If notice of redemption of this ~end shall hsve been g~ven as aforesaid, and payment of the principal a~0~t of thio Bond (or the portion of the principal amount hereof tc be redeemed) and of the accrued interest and premium, if any, payable upon such redemption shall have been duly made or provided fo~, interemt hereon (or on the portion of the principal amount hereof to be r~deemed) shall cease from and after the date so specified for redemption. Subject to th~ limitations and upon payment ef th~ charges, if a~y, provided in the proceedings authorizing the Bonds of the serle~ of which thio ~ond is one~ thi~ Bend may be e~chenged at the office of th~ Registrar for a llke aggregate principal amount of Bonds oX the merles of Which this Bond is one, of other uuthorixed principal amountm of ~me interest rate and maturity. Thi~ Bond is transferable by the Registered O%rner hereof, in peroen or by hi= attorney duly authorized in writing, at the office of the Registrar but only in the manner, subject to the limitations and upon payment of the cha~geo, if any, ~rovided in the p~eoeedings authorizing the Bonds of the series of ~hich thi~ Bead is one, and upon the ourren~er hereof for cancellation. Upon such transfer, new Bend o~ Bonds of the series of which thio ~end is one, of authorized denominations and of The same aggregate principal amount, will be issue~ to the transferee in exchange h~refor. Notwithstanding the foregoing, ~he Regist~a~ shall mot be required to e~change ~r transfer ~his Bond laLer than the close of busines~ on the forty-fifth (~5th) day ~eXt preceding any date fixed for the r~demption of thio Bend or any port/on hereof. The full faith and credit of the County are hereby ~r~v~a~ly pledged to th~ payment of the principal of and interest on this Bond as the same become due. Thi= Bond shall not be valid or obligatory unless the certificate of authentication hereon shall have been manually signed by an authorized eignator of the Registrar. It ie hereby certified, recited and declared that all acts, conditions and things required to exist, to have happened and to have been performed precedent to and in the issuance of this Bond and the series of which it is one, do exist, have happened and have been performed in regular and due time, form and manner as required by law, and that this Bond and th% Bonds of th~ ~eri~ of wbic~ tbi~ Bond i~ one do not exceed any constltutlona~ or statutory limitation cf indebtedness. IN WTTNE~S W~EREOF, the County, by its Board of Su~ervisers, has caused this Bond to bm exeautad by the manual or fassimile signature cf the Chairman of such Board; a facelmils of t~he corporate seal of such Board to ba imprinted hereon, attested by the manual or facsimile signature of the Clerk of such Board; and this Bond to bs dated , Attest: Clerk of th~ ~o~rd of Supervisors chairman of %he Board Supe1'visors CERTIFICATE OF AUTHENTICATION This Bond is one of the ~ond$ delivered pursuant to the within-mentioned proceedings, .], Registrar Authorized signator Date cf Authentication: FOR VALUE RECEIVED the undersigned hereby sell(s), assign(s] and transfer(s) unto (Please print or ~ype name and address, including poutul zip code of Transferee) PLEASE INSERT SOCIAL SECURITY OR OT~R IDENTIFYI~ NUMBER OF TRANSFEREE: the withln-menti~ned Bond and hereby irrevocably constitutes and appoints agent, to transfer the same on the booka of registry in the' office of t~e Registrar wit~ f~ll power of substitution in the premises. 5/13/92 Dated~ signature ~uaranteed: NOTICE: ~ignature(s) must be (Signature 0£ Registered guaranteed by a ~em~er fin of Owner) The New York Stock Exchange NOTI¢~ Tho signature to Inc. or a eo~mercial bank or this a~e~g~ent trust company, correspond with the name as w~ittun on the face of the wi=bin Bond in every particular, without altera=ion~ enlargement or any change ~ECTIO~ 9. Sale of Bond~. Th~ ColDly Administrator is hereby authorized to cause ~o be p~llshed and distributed a S~a~ Notice of Sale and/ur Detailed Notice of Sale of the Hon~s un~ to cause to be d~stributed to prospective of aud investor~ in ~e Bonds such S~ Notice of and/or De~a~leO Not,ce of Sale, a fo~ of Proposal for the p~rchase of 5h~ Bonds and a Preliminary Officlal Statement the County relating to the Bonds. SE~ION 10. Bond Anticipation Not~. (a) General obligation p~lic improvement bon~ anticipation notes of the County in an aggregate principal amount of not to fifteen ~illion ($~O,00o,ooo), to be designa~e~ an~ ~ "General Obligation ~lic Improvement Bond '~Note~")~ are a~thorized for issuance and sale by the County issuance herein. ~e issuance and details of the Notes shall be governe~ ~y ~e Druvlsions of Section 15.1-227.~9 Cod= of Vi~inia, 19~0. The Notes shall be dated ~y 199~, shall ma=ute D~o~er 21, 1992, m~all be issued in fully registered fo~ in the denomination of $1,000,000 ~ach or any in~e~rul multiple thereof and shall be n~ered and initially i~uad in the denominatlonn a~4 b~ar interest payable at maturity at the rates per annum ~et fo~h below: Numar D~nominmtion Inter~t Rat~ The County Treasurer of the County shall bs the Registrar for the Notes. (b) The action of th~ County Admlni~trator in ea~ing the Request for Proposals da~ed May 6, 1992 to De di~trib~ted, and tl~m form and content= of the ~ec~/est for ProDozalz and all actionz and proceedings heretofore taken by this Board, the County Administrator and the other employees, agents and attorneys of the Co~nty in connection with the issuance and sale of the Notes, are hereby ratified and confirmed. (c} The Rs~ueet for Proposals provided that proposals for the purchase of the Notes would be receiw6d by or on behalf of the County, at the offiee~ of the D~puty County Administrator, Room S04, 5th ~leor, chesterfield County Admln~tratlon Building, 9901 Loci Road, Che~t~rfield, Virginia ZP~Z, until ll:Oo A.~., Eastern Daylight Ti~e, on Wednesday, May 13, 1992, at which time and place all proposals would he pubti¢ly opened. 92~345 P~rsuamt to the Request for Proposals, ( ) proposals rep the purchase of the Notes were received. The names cf the proposer submitting each such proposal, the principal amount of the Notes bid for, the premium for Notes specified in each such proposal, tl%e interest rate specified ia each such proposal an~ the ~et interest oo~% of each proposal are as follows: Principal Proposer Amount Rate Premium Davenport & Co. $ 1,000,000 3.1§0% 0 3.15000% Prudential Securities $15,000,000 3.500% 3~,700 3.15081% Chemical $15,000,000 3.500% 30,150 3.15706% Morgan ~tanley $1~,000,000 ~.~00% 29,000 3.17014% Davenport & Co. $ 3,000,000 3.190% 0 3.19000% 0ppenh~i~er $ 7,000,000 3.500% 12,500 3.19533% D~venpo~t & Co. $ 5,000,0~0 3.220% 0 3.2~000% Oppenheimer $ SrOO0,000 3.500~ 11,750 3.24941% signet Bank $ 2,000,000 3.250% 0 3.25000% Lehman $10,000,000 3.500% 12,300 3.29014% A. N. Williams $15,000,000 3.400% ~,300 craigie $15,000,000 3.500% 150 3.49829% After due congid~ration of all ~uch proposals, thi~ Board rinds that the proposals to purchase the Notes at the lowest interegt cogt to th~ County (th= '~Proposals") are the proposals of the films identified below (the "P~rchasers") h~ving the ~etails set forth below: Princlpal Proposer Amount Rate ~re~ium NIC Davenport & Co. $ 1,000,0oo 3.1~0% O Prudential Securities $14,000,000 3.500% 28,653.33 3.15081% This ~oard finds that (s) the Purchasers are responslble prepossrs, (b) of the proposals received, the Propo$&ls are the proposals to purchase the ~ote~ at tbs lowest interest cost to =he County~ and (o) the Proposals are the best proposals received, are in accordance with ~he provisions of the Request for Pr0po~als, a~d ~hould be accepted. Such (d) The qood faith depo~it~ of the Purchasers in by the County Treasurer and the proceeds thereof cre~ite~ against the purchase price due for the Notes upon their delivery or rs=aimed as and for liquidate~ damages in case the (e) Except as o~harwi~e provided in thi~ ~hall apply to ~hs Nete~ to the sams extent the same apply the Bonds, except: (a) in 'the case of the provision~ of Section 3(¢)(i), the Regim=rar shall ne~ be required to exchanged or transferred, on th~ books of registry any Note after the close of business on the ~l~t day no~ffa pr-Geding the date fixed for ~he paymen~ z~ereof; amd (b} in the case of the provisions of Section 7, the sane ~hall apply only to the 92-~46 5/13/92 (fi The Notes shall be in substantially the fo~m set forth below with such necessary or appropriate variations, interest rates and maturities or as are otherwise permitted Or required hy law or this resolution: UNITED STATZ$ OF A~ERICA COMMONWEALTH OF VIRGINIA C0~TY OF CHESTERFIELD ~BLIC I~ROV~E~ BOND~T/CIPATION NOTE SERIES OF 1992 No. R- $. INTEREST RATE: MATURITY DATE: DATED DATE: % DECEMBER 21, 1992 mY 20, 1992 RE~IgTERED OWNER: PRINCIPAL KNOW ALL MEN BY TH=~E PRESENTS that the County of C~ester~i~ld (hereinafter refe~ed to as the "County"], a political smbdivision of the Commonwealth of Virginia, for value reoeived~ hereby ecRncwledges itself indebted and hereby promises to pay to th~ Registered Owner (named above), or registered assigns~ on December ~l, 1992, the Principal Sum (~pe¢i£ie4 above), and to pay interest on such Principal sum from the date of this Note, payable at maturity at the Interest ~ate (specified above) per ann~u~, calculated on the basis of a 360-d&y year eenuisting of twelve 30-day months. The principal of and interest on this Note are payable upon presentation un4 surrender hereof at the office of the County Treasurer of the County in Chesterfield, Virginia, as Regis%rut for the Notes sf the series of which this Nots i~ one (the "Registrar"). Principal of and interest on this Note are ~ayable in suuh odin er currency of the United States of America as at the date Of payment thereof is legal tender for publiu and pr~vats debt~. Such payment shall be made in Federal Pu~ds by check or, if requested in writing delivered to the Registrar at least five (5) business day~ prior to th~ pay~$nt date, by wire as described in such r~q~est. This Nots is one sf a duly authorized issue of ~otes of the aggregate prln~ipai a~0unt of rlfteen Million Dollars ($15,000,000} of like date, inter~t ~ate and t~nor herewith, except for number and ~enomination, and is anticipation of the issnan~e of a lik~ principal amount of general obligation bonds of the County, for the flnan~ng the costs of v~ricus capital improvement project~ of and for the County, under and pursuant to and in full compllance with the Constitution and statutes OS thc Commonwealth of Virginia, in=luding Chapter 5.1 cf Title 15.1 of the Code of Virginia, 1950 (the ~am~ being %h~ Public Finance Act of 1991), an election duly held in the County under such Chapte~ on Nove~er ~ 19~, and a resolution duly adopted by the B~ard of Supervisors sf the County under such Chapter 5.I on May 13 is one shRll not be subject ts redemption prior to their stated maturity. 5/13/92 Subject to the limitations and upon payment of the cha~qe~, if any, D~svi~ad in the proceedlng~ authorizing the Rotes of the series of which this Note is one, ~_his Note may be exchanged at the office of the Registrar for a like aggregate principal amount of Notes of the series of which thin Rote i~ one, of other authorized principal amounts of the same interest rate and maturity. This Note is transferable by the Registered Owner hereof, in person or by his attorney duly authorized in writing, at the office of the Registrar but only in the manner, ~bject to the limitations and upon payment of the charges, if any, provided in the p=oeeedings authorizing the ~ctes of the series of which this Note is one, and upon the surrender hereof for cancellation. Upon ~uch transfer, a new Note or Notes of the series of which this Note is one, of authorized denomination~ and of the s~/~e aggregate principal amount, intmres~ ra~a and maturity, will be issued to the transferee in e~hange herefor. Notwithstanding the £eregoing, the Registrar shall not be requ±rsd to exchange or transfer this ~ote within the twenty (20) day period preceding the Nsturity Date hereof. The full faith and credit of the County are hereby irrevocably pledged to the payment o~ the principal of and This Note shell not be valid or obligatory unless the certificate of authentication hereon shall have been manually signed by or on behalf of the Registrar. It is csrtified, recited and declared that all acts, conditions and thing= required to e~ist, to have happened and this Rote and the series of which it ~m eno, do ex,st, hays happened and have been pe~forme~ in regular and due time, form un4 manner as required by law, and that this Note and the any constitutional or statutory l~mitation Of indebtedness. IN WITNESS WHEREOF, the county, by its Board of Supervi~or~, has caused th±s Rote to be executed by the manual or facsimile signature of the chail~man of such Boa~d~ a facsimile of the corporate seal of suck Board to be imprinted hereon, attested by the manual Or facsimile signutur= of thc Acting Clerk of such ~oard; an~ this Note to be ~ate~ ~ay ~0, At,est: Acting cte~ Of the Board of Supervisors Chairman of the Board cf Supervisors C~RTIFICATE OF AUTHENTICATION This Note is one of the Ncte~ delivered pursuant to t--he within-mentioned ~recsedings. County Treasurer, as Registrar Date of A~theatloation: Hay 20, 1992 92-348 5/13/92 ASSIGNMENT For Value received, the undersigned hereby sell(s), and transfer(s) unto (Pleaoe ~rin~ or tlrpe name and addressw including postal zip PLEASE INSERT SOCIAL SECURITY OF TRANSFEREE= tho within Note and all rights thereunder, and hershy irrevocably constitutes and appoints attorney, %0 transfsr such Note on the books k~pt for the ~egistration thereof, with full power of substitution in the Dated: signature(~) Guaranteed NOTICE: Signature(~) mu~t be g~aTa~teed by a member firm of The New York Stock Exchange, Inc. or a commercial hank or tr~ company. (g] The Chairman County A~ministrator, the (Signature(s) of RegisUored NOTICE: The signature(o) above must correspond with the Registered Ownsr as ~t appear~ on the n~m~ of the front of =h~s Note in ever~ particular, without alteration or enlargement or any ~hange whatsoever. an~ Clerk of thio Board, the county Treasu~e~ and other appropriate officers, employees and agent~ of the County are authorized and directed to taka all ~uch action and to execute such instruments as shall be deeme~ by them to bo necessary or appropriate ts effect the execution and issuance of the Notes and th, delivery Of the ~otes ~o the Purchasers in accordance with the terms of ths Proposals, the Request for P~oposals, and this resolution, upon receipt of the purchase price t~erefor, and for the proper application and use of the proc~d~ of ~ueh SECTION tl. ~ilia~ cf This Rssolutlon. The County Attorney is hereby a~thorized and directed to file a copy of this reoclutlos, =erti£iod ~y the Clerk of the Board of S~pervi~or~ to be a true and correct copy hereof, with the Circuit Court of tho County of Chesterfield. $=CTION 12. Invaliditv ef Sec~iene~ Pa~aq~aDn~, provision of this resolution shall he held invalid or unenforceable for any re~on, the invalidity or this resolution. SECTION 13. Heading% of Section~. The headinqn Of the sm=floss of thl~ resolution shall be solely construction, interpretation or effect of such sections or ef this resolution. s113192 92-349 take effect upon its adoption. Vote: Unanimous This resolution shell Er. Hammer stated the purpose of the work session was to present an overview ef jail needs including lung-term alternatives, the Riverside Regional Jail, short-term alte~native~ and th= options available. He reviewed crime and arrest trends over the past five years; the county's peD~lation trend; the history of the jail with emphasis on its bedding capacity; the county's jail population trends including the current daily average population and a profile e~ %~e jail population. When asked, he stated appro~iinately 45 percent of the ir~mate$ at the current jall were residents of %he County and the remslning 55 percent were from other jurisdictions. H~ then reviewed inmate population projections for ~he year 2000. Discussion~ comment6 and quos=ions ensued ~elative te trend driven factors an~ drug relate~ crimes; alternative options to incarceration including the Home Incarceration Program: the criteria use~ to establish the capacity at the Jail; those eligible for the Home Incarceration Program; the criteria n~ed An accepting ir~ates to the jell and the acceptance of inmates from other jurisdictions, Mr. He--er the~ ~eviewed alternstives to incarceration ~uch es the community Divereion Preqram, t~a Pre-Trial Release Program and the Ho~e Incurcmrution Program and ~tated these ~rogram~ were currently operating at cap~city. T~ere was brief discussion relative to the outlined P~ograms operating at capacity. Mr. ~ammer th~n pre=anted an overview on State for jail construction and renovation including the eo~pletion of th= Needs Aseessment and Planning Study. He reviewed the optlen~ available, adYanta~s and disadvantages~ including renovation of the existing jell by constructing an addition on the existing ~ite for mupport space an~ making up the ehortfai1 of jail bed~ at Riverside Regional Ja~l; oloslng the existing facility and ~tilizi~g Riverside Regional Jail for all the County's jell needs: and closing the e~isting jail and constructing a ~ew Jail facility at a new County ~ite without participating in the Riverside Regional Jail. Ee then provided a c~pa~ison of the options outlined with emphasis on bed utilization. ~e s~ated staff felt the best option would be to s~pport the Riverside Regional Jail, ~hase I, and maintaining usage oX th~ ~reasnt jail until Phase II of tho Regional Jail could be imple~ented~ ~e reviewed the estimated annual operating easts for the jail in the year z0o0 for all of the options. Discussion, comments and que~tlon~ en~u~d relative to the operating costs for the options identified; the project being contingent on the appropriation of funds from the State; maximum an4 ~uarenteed capacity of bed space at the Jail; the debt coat for the Regional Jail b~ing included in the ~er ~iem co~t; the formula used to e~tabli~h the fixed eost~ the reimbursement percentage by the State bein~ 50 percent; the qualifications stkbjaet to availability of funding; approval of the project hy the General Assea~bly and the Regional Jail being contingent en the appropriation of funds; and whether State funding would Ds forthcoming. 92-350 5/z~/92 Mr. Daniel instructed staff to prepare an analysis on=liming the costs of =he Regional Jail if the county was not Diocussion, comments and que~t±o~ e~s~ed relative to whetter the State has approved any regional jail sites but had not reimbursed funding fo~ the projects; the comparison of uses for bed utilization for Phase ~ versus Phase II; the maximum cap o~ th= number of bed space for the Regional Ual1 and what, her any o~ the options would ensure the e~pansion of bed space; and whether there was any guarantee fund~ would be available for reimbursement from the State. ~r. stephen Myers, Assistant County Attorney, pr=usa=ed an overview on th~ chronology of th~ ~eglonal Jail including reimbursement of construction costs fo~ ~e~ional jails and single-jurlsdlctlon jails; special legislation authorizing the Jurisdictions to create the RiVerside Regional Jail Authority; the initial Service Agreement with the Authority for the preparation of a feasibility otudy and conceptual ~esig~ for the Regional Jell and ~reparaticn of a Planning Study for th~ Regional Jail: the oonsultant~ recommendations for the design cf the facility; preliminary approval being granted to Regional Jail; ~eeo~mending the General Assembly relmbursi~g S0 percent of the projected cost for the facility: the comveya~ee of the proposed jail site to the Jail ARthsrity; the moratorium placed on further Board of Correction approvals for regional jails; =he legislation which created the Jail Au=tority authorizing a Service Agreement bstween the ~uthority and its member jurisdic=i0n~; ths timeframe for the execution of the Service Agreement by all member Jurlsdiction~; and the timeframe for construe=ion of the facility with a completion date fo~ the Fall of 199§. There was brief discussion relative to the acquisition of the proposed site, the completion date of the facility and whether there would be any delays excluding construction related delays. Mr. Myers then reviewed ~he County's access to ~3 percent of the proposed bed space at the Regional Jail. Discussion, comments and que~tion~ ~n~ued r~la~ive to the reimbursement of construe=ism costs for Phase II of the Regional Jail; the total cost of the Rsgional Jail per the consultant's ~rojectloas; and ~he State reimbursing 50 of the total cost of the R~gio~al Jail. F~r. ~yers then revXewsd the requirements of the Service Agreement including reimbursement of oa~t if the facility was not constructed. ~r. Ramsay clarified the County's ~ertion of the $3.5 million pre-con,traction architectural, consulting and financing cost~ wo~!~ be 43 percen~ and $1 mil/ion currently reserved in the Capital Reserve for the project. Mr. Myers then reviewed pro~isions of the Securlty regarding th~ use of bed space at the facility; the withdrawal of member jurledlctions from the Authority; and n~w mumbership to th~ Authority. Discussion, comments a~ questions ensued relative to the hiring process for the jail administrato~ and necessary deputies; the establishr~ent of personnel poliei~ subject to State regulations; and whether the County's current staf~ the present jell would bs maintained. const~cting e new pre-engineering metal building; constructing a new pre-engineered facility on either hide of the existing jail; constructing pre-f~brica=ed modular buildings; or constl~/cting an inflatable fabric strzlcture, ge ~tated ~%aff would be reviewing the alternative~ and would report back to the ~eard in Juno and, at this point in time, ~taff Was reeo~e~ding D~0ceedi~g with th~ Rivermide Regional Jail. There was brief dlscussJon ralativa to the cost for the inflatable buildings and its recovery costs; leasing options for temporary facilities; and alternative methods available to meet the needs of the current jail. Mr. Daniel instru=tsd ~ta£f to prepare an analysis of costs to maintain ~he operation of a new County jail en~ its debt affordability. Mr. Barber ~tat~d he felt the shore-term cption~ ~hould p~ovid~ an opportunity ~or the building to be ntilized after Sheriff .Williams stated otaff h~d reviewed ,~he options ava~Iable 'extensively an~ he en~0rse~ ~e Regional Jail approach a~ he felt it would not be cost effective to renovate ~e e~isting jail to meet their needs. society nnd ~e~ alternative would be examined to addre~ ~e Mr. Ramsay indicated staff would brin9 to the Bo~rd, for consideration, a proposal r~gardi~g stmff's reQo~endation for the jail in June. ~r. ~alo stated staff was recommending tho ~oard adopt a re~olution requesting tho Virginia Department of Transportation %o i~tme~iately conatruct a loop an~ ram~ at ~6 Route 288/Powhite Parkway interchange due to the increase in traffic conge~tion on 01d Hundred Road~ between Geni~o Road and Route 360, and Rout~ ~0 between 01~ ~un~r~d KG~d and Route 288. He further stated construotion of the loop and ~her north and ~utllned the alternative~ available. ~e~ asked, he state~ $everal m~rs of ~m Legislative Delegation were aware of th~ proposed options+ Mr. Warren mtated he felt ~e County zheutd not endorse ~e priority by the Richmond Area Transpo~a~ion Ms=ropolitan Planninq organ~zation (MP0). ~e f~r~er stated other options Boa~ adopting a resolution. Mr. Barber ~tated hu al~o felt the placement of tolls should no~ be endorsed by t~e Boar~ an~ fund~ were available from ~e ~PO e~d should be noted in the resolution sincm ~e County was was addressing traffic concerns within the County. ~en u~ked, ~r. Sale reviewed the option~ available wi~ emphasi~ on providing fo~ o0nstruction of the loop and r~p wfthout the use of toll~. ' I operation and maintenanne costs of other roads and the options Parkway; payment of the construction cost cf Route ~$s being treated as an advanced toll payment; the resolution the Construction cf ~he loop and ra~p; and the tlmoframe in which tho loop and ra~p could be constructed. ~r. Warren abated he felt the resolution should identify the re=ommendatlon of the MPC for priority funding for the On motion of the Bourd, the following resolution wa~ adopted= W~REAS, the volume of traffic O~ 014 Hundred Roa~, from Genito Road to Route 360, has increased Dy fifty (50) percent per day; and WHEREAS, Old ~undred Road has narrow pavement, no safely or efficiently accommodate ~his increase in traffic; W~EREAS, the volume of traffic on Route $60, from Route 2~ to old Hundred Road, has increased ~inoe the epenin~ of traffic in the area to utflile Route 288 between Route 360 and the ~owhite ~arkway because the northeast quadrant loop and southwest quadrant ramp at the R~ute ~8/Powhits Parkway WHEREAS, the construction of the loop and ra~p Will allow Old Hundred Road and Route 360 ~hus ~aking travel en old concerned about ~be safe~y oS the motorist using 01d Hundred ramp is the most e~£ioiemt way of addressing the old Hundred %/H~REA$, Chesterfield County contributed $22 ~illion Xor WHEP~AS, the Richmond Area Metropolitan Transportation Planning 0rga~i~ation approved $1 million from the Hiti~ation/Air Quality Improvement Pr0qram for the NOW, THEREFORE BE IT RESOLVED, that the Chesterfield ~f Transportation (VDOT) to construct the northeast quadrant Parkway interchange by 8~ptomber 1, 1992, or by other such time agreeable to both VDOT and the County. AND, BE iT FURTHER RESOLVED, that a copy of this resolutio~ be forwarded to each m~mber o£ Chester£ield's L~gislative Delegation with a request for their support in having the loop and ramp i~ediately constructed. Vote: Unani~ou~ 6.C. APPOINTMENTS 6.C.1. CO~;NITY SERVICES BOARD 0~ ~O~iO~ Of M~. MCHale, uucondad by ~. Burb~r, th~ Board accepted the resignation of Dr. Hyrna coDeland, representing ~uda Distr~ct, on th~ Co~unity Se~ices Board. Vote: U~a~i~o~s 0~ notion of Mr. McHale, seconded by Mr. Warren, the Board appointment at this time of Ms. Susan R. Kalanges, On ~otio~ of ~r. H=~ale, ~econ~ed by ~. Warren, the Board simultaneously n0minated/apD0inted Ms. Susan ~langss, representing De~uda District, to se~e on the Co,unity Se~ice~ Board, whose te~ is effective ~ediately and will expire DecaYer zl, 1~4. vote: unaninoum Du~urtm~nt of N~ntal ~ealth/Mental Retardation and Substance se~ice~ boards and, therefore~ he ha~ to acce~t Dr. Copelan~'s resi~nu=i~n from the Co~unity Se~ices ~ard for Chemterfi~ld County. He expressed appreciation to Dr. Co~elan~ ~cr her interest and cool.ant to se~ing on the Board. TELEVISION Board had approved a cable Television Franchise Rsnswal Action Plan to include the appointment of a citizens' =o~umittee to assist staff in prepmrin~ a co~munit~ needs assessment study. Fall. ~r. D~niel nominate~ Mrs. Cynthia Haake, representing Cemmitte~. Mr. ~arber nominated Ms. Sharon ADpioh, representing Midlothian District, to serve on the Cable Television ~ill District, to ~rve on the Cable Television Franchise It wa~ noted =he nominationm would be considered at the 6.D. ~.,.K~TLTG~T INSTALLATION COST APP~OVAI.~ approved ~ ~treet light ~n~alla~ion fun~s to be e~mnded fro~ th~ Clover Hill Di~t~ict Street Light Account and the ~treet light installation co~t $2,666.00 for ~he int~r~ec~ion of springcree~ ~riv~ and S~rhur~t Drive with said funds to be e~ended ~rom the Kidlo~ian Dfs~ic~ Street Liph~ Vote: Unanimous FOR A BINC~ PERMIT ~r~ Micum ~t~ted the Concerned Citizens of South~d~, have applied for a bingo ~ermit to operate a bingo operation from midnight until 4:30 a.m. on Saturday ~veni~g. He fuz~her s~s~ed the Hoard o~ D~rscters was composed primarily of a single family end friends of the family an~ staff's review failed tm Jndlcats t~hat the organization had conducted any significant, charitable or non-profit activities during the period of time in whic// it has Deem incorporated. He noted th= State Co~oration Co~is~ion had indicated, prior applying for %ha Dingo pe~it, tke organization was non in go~ st~n~ing ~s it had failed t0 file mend=tory a~ual re~ested time for the bi~go operation and ~e operation being ex~l~sively a cash operation, staff felt it created ~ingo op~rat~on~ were currently being conducted and, ~r. Daniel in~ire~ i~ thm aDpllcant wam prasen~ and no one came fo~=rd to speak in favor of or against thim On motion of ~. Warren, seconded by ~r. Mc~ale, the Board denied a bingo pe~iB for Conceded citizens of South~ide, Inc. for calendar yea~ 1992. Vote: Unanimous 6.E. CONSENT ITemS 6.E.1. P~SOLOTIONS AND SPECIAL RECOGNITIONS On motion of ~. Colba~, $~=onded by Hr. McHale, =h~ ~card adopted the followin~ re~olution! ~E~S, Mr. B~c~anun S. C~bage retired from the Utilities Department, C~estarfield County, o~ April 1, 1992; ~ali~y s=~ice to ~he citizens of CheEterf~ld Co~nt~; and ~E~AS, ~. Cubbage~ by vi~tu~ of his e~erience in operations and maintenanG~ OS wastewat~r collection system, has developed significant ~e~ime in ~is field and am much, has earned recognitio~ and respect from his co-workerm peers; and ~AS, M~. C~bbag~, havin~ b~en the first employee that worked full-time in the Wastewater collections 0perat~on and instrumental in developing staffing, organization, policies and Dr0uadures for ~his Secelnn; and WHEREASw Mr. cubbage, having served as Assistant to thc Operations Manager for the last four years of his career, provided critical technical assistance towards the implementation o~ the Industrial waste Pretreatment Program and provided administrative a~istanCe in numerous other WHK~EAS, Mr. Cabbage, who throughout his entire uar~er~ generously gave of himself with his typical war~th, generosity and friendship, will be surely missed by all hie co-wsr~er~; S. Cobbage's diligent service to the citizens of Chesterfield County. NOW, THEREFORE B= IT ReSOLVeD, that the Chesterfield County B~ard of Supervisors publicly recoqnize~ Mr. B~ekha~an $. Cabbage and extends on behalf of its ~o~f09re and t~e eltlzan~ of Chesterfield County their appreciation for his dedicated and diligent service to the County and extends best wiuhe~ to him in his retirement. AND, BE IT FURTHER RESOLVED, that a copy of this resolution be presented to ~r. Cubbage and that this resolution be permanently recorded among the pap~r~ of thi~ ~uard of supervisors of Chesterfield Ccunty~ vlr~nla. Vote: Unanimous KINGDOH FOR 'r~iR PARTICIPATION IN THE INTERNATIONAL On motion of Mr. Colbert, seconded by Mr. McHale, the Board adopted the following resolution: Society of Chief Personnel OfficeTe (SOC~O) and the Society of Region Conference and visiting w~th local government officials including the Director of ~man Re~ource from the County of Chsaterfield; and W~A$, = valuable exchange of ideas, experiences, and Chesterfields' Virginia recognize the importance of such Supe~i~ors of the County of Ch~sterfleld extend= 80CP0 and SOD0~ for their participation and ~upport international 92-356 5/13/92 aupport for future endeavors. ARTS COI~CIr. AS 'z'~ OFP~C~L ~ ~ AG~TC~ On motion of Mr. Colbert, ascended by Mr. MOHale, the Board organization created in 1949 to encourage and promot~ the awarenesc, development, participation and quality of the arts; WEEREAS, The Council ha~ d~v~5oped programs that enhance cultural appreciation and participation in the arts including fe~tival~ and event~ for fa~ilie~ and children, such as the Richmond Children's Festival and the Childrcn'~ Book Festival and for adults, ~uno Jubilee; and WHEREAS, programs, lectures and demonstrations provided to elementary and secondary school students by The Council; and WI~EREAS, The Council encouraqes ~tudent artists by ~roviding exhibition opportunities and coll~ge ~oh01arship WKEREA$, Th~ Council works with artists and cuttural organizations in the areas ef ~ervio~s and a~vooaoy to improve visibility and communication among this constituency and the public; WHEREAS, The Ar~e Council Board is e group of forty-five men end women, broadly representative Of th~ arenas business, nrta ~ducntion and civic co~t~unltlee. NOW, THEREFORE BE IT RESOLVED, by th= Chesterfield County Board of Supervisors that The Arts Council cf Richmemd shall be recognized as the official "Local Arts Agency" to promote and develop community arts in Chesterfield county and suDp0rt~ its efforts in promoting a~arenesz and encouraging parti¢ip~tiQn in tbs arts. Vote: Unanimous 6.R.~. APPROP~AIATION OF A ~35,~0~ ~ONT~IB~TION FRON~ motion of ~r. Colbert~ ~econd~d by Mr. HoHale, =he Board appropriated a $35,000 contribution fro~ ~h~ ~riends of ~e Libra~ an~ increased ~he Libra~'s FY91-92 Operating Expenditur~ Budget for the purcha~ of t~n new puDlio catalogs Vo~e: Ununimous After brief discussion, on motion o~ Mr. Colbert~ seconded by Mr. Me.ale, the Board appropriated $~4,$0Q from the Fund Balance to tho Richmond Regional Planning District for Chesterfield County~ contribution for the continuance of tho ~eglcnal Taxicab Service Program through fiscal year 1993. Unanimous 92-$57 5/13/92 on notion cf Hr. Colbert, seconded by Hr. Mcliale, the ~oard approved a bingo permit for Disabled American Veterans for calendar year 1992. Vote: Unanimous 6.E.6. ~0NSlD~RATION OF A~SOLUTION OF S%~PER~SO~ Au'rnORIZTNG '£~ PA~T~ OF ~OST COUPONS ~TAINC~]ZS'rnKFI~I~COUN~Y~ONDS After brief discussion, on motion of Mr. Colbert, ~cond=d by ~r. ~cHale~ the ~oard a~t~orized, pursuant to S~ction 15.1-209 of the Code of Virginia, I9~0, a~ amen4~4, pa~ent ~u Judge D. Carleto~ Hayes, in the ~ount of $5,008.00, for lost ~e~terfi~ld County, 91rglnia ~blic Improv~ent 9.50% No. B4279 with s~s=~en% coupons at%ached beginning Coupon No. ~0, CUS1P 16639~7. (I% is noted the Treasurer ~eviewed this re.est and concurs.) Vote: Unanimous 6.~.7. STATE ROADACCEI~ANCE This day the County Environmental Enqineer, in aaaordanee with directions from thio Bear4, made report in writing upon his examination of Glen Oaks Court an~ Erin Green Court in Erin Green, Bermuda Di~trlet. Upon consideration whereof, and on motion of Mr. Colbert, seconded by Mr. HcHale, it is resolved that Glen Oaks COUrt end Erin Green Court in ~rin Green, Bermuda District, be and they hereby are established as public roads. And he it further reeolved~ that the Virginia Department of Transportation, be and it hereby is requested tn take into the Seoondal-f S~stem, Glen Oaks Court, beginning at the intersection with Old Centralia Road, State Route 609, and going westerly 0.07 mile to the intersection with Erin Green Court, then continuing westerly 0.02 mile to tie into e~isting Glen oaks Court, State Route 4475; and Erin Creen Court, beginning at the ~ntersention with Glen oaks Court and going southerly 0.20 mile to end in a cul-de-sac. This request is inclusive of the adjacent slope, sight distance, clear zone and desiqnated Virginia Depa~-tment of Transportation drainage easements. These roads e~rvs 2~ lots. And be it further resolved, that the ~oard of supervisors guarantee~ to the virginia Department of T~ansportation un unrestricted right-of-way of ~0' with necessary easements for cuts, fills and drainage for the~= reads. Erin Green is recorded as Plat Book 65~ Page 14, Ja~ery 3~, ~989. Vote: Unanimous This day the County Environmental Engineer, in accordance with directions from this Board, made report in writing ~pon his 92-358 5/13/92 examination of Spotted Coat Lan~ and Ratling Drive in Antler Ridgs~ Section 3, Natcaca District. Upon consideration whereof, and on motion sf Mr. Colbert, seconded by Hr. MoHale, it is resolved that Spotted Coat Lane and Ratling Drive in Antler Ridge, Section 3, ~atoaca District, be and they hereby are e~tahlished as publlo reads. A~d be it f~rther resolved, that the virginia Department cf Transportation, be and it h~reby is requested to take into the intersection with Buck Rub Drive, State Route 1413, and going southeasterly 0.04 mile to en~ in a cul-de-sac; and Ratling Drive, beginning at the intersection with Buck R~b Drive, state Route 1413~ and going southerly 0.~9 mile =o end ~n a temporary turnaround. Thi~ request i~ inclusive of the a~jaoent slope, sight dlstance~ clear zone and designated virginia Department of These roads serve 14 lots. An~ be it further resolved, that the Soard of supervisors guarantees to the virginia Departmeht of Transportation an unrestricted right-of-way of ~0' with necessary easementm for cntm, fills a~d drainage for these road~. This section of Antler Ridge i~ recorded as follows: Section 3. Plat Book 74, ~age 4~, February 6, 1991. Vote: Unanimous Thi~ day the Dennty Environmental Engineer, i~ accordance with directions from this Board, made report in writing u~sn his examination 0~ Clipper Cove Road and Clipper Cove Court in Clipper Cove~ Matoaoa Dim~riot. Upo~ ¢onmlderation wherso£, an~ on motion cf Mr. Colbert, ~ecended ~y Mr. MoHale, it is resolved that Clipper Cove Road an~ Clipper Cove Court in c!ippar Cove, Matoaca District, be end they hereby are est~_blished am public roads. A~d be it further resolved, that the Virginia Department of Transportation, be and it hereby is requested to take into the Secondary System, Clipper Csve Road, beginning at the intersection with Woodlaks Village Parkway, State Rents 3600, and going ne~hwesterly 0.~5 mile, then turning and going northerly 0.13 mile to ~he inter~ectlon with Clipper Cove Court, then Continuing northerly 0.08 mile to the intersection with itself, then continuing northerly 0.05 mile, then turning and going westerly 0.03 mile, then turning and going southwesterly 0.0~ mile, then turning and going southeasterly 0.03 mile, then turning an~ going easterly 0.03 mile to end at ~a intorssGtion with itself; and Clipper Cove Court~ beginning at the intersection with Clip,er Cove Road and going westerly 0.0~ mile, the~ turning and going northwe=terly 0.10 mile~ then turning and going northerly 0.07 mile, then ~urning and go~ng northwesterly 0.03 mile to end in a cul-de-sac. T~ regue~t is inclusive o£ the adjacent elope, sight dis~ance, clear zone an4 designated ~irginia Department of Transportation drainage easements. And be it further re$01v~d, that the Board cf Supervisors unrestricted right-of-way of 50' with necessary easements for cut~, fill~ and ~ainage for these roads. Clipper Cove is recorded as follows: Vote: Unanimous Thio day the County Environmental Engineer, in accordance with directions from this Board, made report in writing upon his examination of Wyldrose Drive and N. Otterdale Read, Midlothian District. Upon con~ideratlon whereo~, and on motion o~ Mr. Colbert, seconded by Mr. McHale, it i~ resolved that Wyldross Drive and ~. Otterdale Road, ~idluthian District, be and they hereby are e~tablished us public roads. knd be it further resolved, that the Virginia Department of Transportation, ~e and i= hereby i8 requested to take into Secondary System, Wyldro~e Drive, beginning at Wyld~o~e Drive~ State Route 971, and qo~nq northerly 0.05 mile, th~n t~rl~ing and going easterly 0.05 mile to the intersection with N. Otte~date Road, then continuln~ ~asterly 0.0~ ~ile to end in a dead end~ and N. Otterdale Road, beg~nnlnq at the intersection with Wyldrooe Drive and going northwesterly 0.01 mile to end in a dead end. Again, 0tterdale Road, beginning at the intersection with wyldroze Drive and going southeasterly o.09 mile to end at existing otterdale Road, State ~out~ ~b~ to be Sommerville, Section 2. This request is inclusive of the adjacent slope, sight distance, clear zone and designated Virginia Department of cuts, fills and drainage for these roads. Dedication of1¢yldrosa Drive an~ ~. Otterdale Road. Deed ~Qok This day the county Environmental Engineer, in accordance with digestions fro~ thio Board, madm report in writing upon his examination of Pulliam $~ree~ and P~lliam Court in Franklin Forest, Phuue Two, Midlothian District. Upon con~iderati~ whereof, and on motion of Mr. Colbert, seconded by Mr. McHale, it is resolved that ~%~lliam Stre~ and Pulliam Court in Franklin Forest, Pha~e Two, ~idlothlan Distriot, be and they here~y are established a8 public roads. And be it further rssolved, that the Virginia Department of Transportation, be and it hereby ~s requested to take into tho Secondary system, PUllism Street, beginning st the intersection with ~unv~ew ~an~, State Rout~ 2025, and going northwesterly 0.05 mile to the intersection with Pulliam Court, then continuing northwesterly 0.0~ mile to tie into existing Pulllam Street, Stats Route 1746; and Pulliam Court, 5/~3/92 beginning at the intersection with Pul!lam street, and going ~e~th~e~t~ly O.ll nile to end in a cul-de-sac. This request is inclusive of the adjacent slope, sight dis~ance, clear zone and designated virginia Department of Transportation drainage eaeements. These roads serve 11 lots. And be it further resolved, that the Board of Supervisors guarantaee to the Virginia Department of Transportation an unrestricted right-of-way of §0' with necessary easements for au=s, fills and drainage for ~lliam Street and a 40' right-of-way for ~llia~ Court, Vo~e: Unanimous This day the County Environmental ~ngine~r, iH aGoordanee with directions from this Board, made report in writing upon his examination of R~d~ Bluff La~e iH Road's Bluff, Kidlothian Dis~rict. Upon conmideratlon whereof, and on motion of M~. colbert, se~ended by ~r. M~le, it is resolved that Reeds ~luff Lane in Road's Bluff, Midlothian District~ he established as a ~ublic road. And be it further r~solved, that the virginia Department of Transportation~ be and it hereby is requested to tak~ into the Secondary System, Reeds Bluff Lane, beginning at the interseotio~ with old Gun Road, State Route 673, and going easterly 0.2~ ~ile to end in a cul-de-sac. This request is inclusive of =he adjacent ~lope, sight distance, clear zone and designated Vlrgln~a Department of Tran=Dertation ~rainage Thla read serve~ 16 And be it further re~olved, that the Board of Supervisors ~a~a~tee~ to the Virginia D~partment of Transportation an unrestricted right-of-way of 50' with necessary easements for cuts, fills and drainage for this road. Road's Bluff is recorded aa follows: Plat Book 68, Pa~es 97 and ~8, ~ovcmber =o, 19~9. Vote: Unanlmou~ 6.R.8. CORPJ~crrON TO ~IBuTES OF F~BR~A~Y 1~. O~ motion of Mr. Colbert, seconded hy Kr. Mc;al~, the Board amended the minutes of the February 1~, 1992 Board meeting as follows: "Thi~ day th~ County Envir0~en~al Engineer, in accordance with directions from ~is Board, made r=port in writing upon his examination of Meadow Fa~ ~rive, ~eadow Park Drive, Clover Hill District. Upon consideration whereof, and on mo~ion ef ~r. Seconded by ~. Colbart, it i~ ~esolved that Meadow Perm Drive, ~eadow Park Drive, Meadow Park Terrace add Meadow Park Circle in Meadow Park, Clover Bill Dintrlct, b~ add they hereby are established ss public road~. And be it further re~olved, that the virginia Department of Transportation, be and it hereby ~s requested to take into the Secondary System, ~eadow Farm Drive, be~inning at the inter~etion with Elkhardt Road, State Route 663, and going ~ontherly 0.17 mile to end in a cul-de-sac~ Meadow Park Drive, beginning at the intersection with =lkhard% Read, s~ate Reu:e 663, and going southerly 0.03 mile, then turning and going southerly ~.04 mile to ~he intersection with Meadow Park Terrace~ then continuing southerly 0.08 mile to end cul-de-sac; Meadow Park Terrace, be~nnlng at the inter~ectlon with Meadow Park Drive and going southeasterly 0.OS mile to the intersection with Meadow Park Circle, ~hen continuing southeasterly 0.03 ~le to end in a d~ad end; a~d ~eadow ~ark circle, begi~ing at the intersection with Meadow Park Terrace and going southerly 0.0~ ~ile to end i~ a distance, clea~ son~ and demlqnated Virginia Department of Transportation drainage easements. These roads serve 62 lots. And ba it further resolved, that tho Board of Supe~vi~or~ guarantee~ to th~ Virginia Department of Transportation an unrestricted right-of-way of 40' wi~h necessary easements for CUt~, fill~ end drainage for all of the=e road=. Meadow Park is recorded as follows: Deed Book 1~89, Page 1~6, ~ugu~t 1~, 1992, Vote: Unanimous" TO: "This day the County ~nvironmental engineer, in accordance with directions from this Board, made report in writing upon hie examination cf Meadow Farm Drive, ~adow ~ark Drive, Meadow Park Terrace and Meadow Park circle in Meadow Park, Clover Hill District. U~cn consideration whereaS, an~ o~ mutlsn of Mr. meconded by Hr. Colbert, it i~ resolved t~at Meadow Fal~ Drive, Meadow Park Drive, Meadsw Park Terrace and Meadow Park Circle in Meadow Park, Clover Hill Di~t~iet, be add they hereby are established as Dublic roads. And be it fur=her resolved, tha~ the virginia Department of TranSportation, bx and it hereby is req~e~t~ ~0 take into the secondary System, Meadow Farm Drive~ beginning at intersection with ~lkhardt Road, State Route 663, and going southerly 0.~7 mile to en~ in a cul-de-sac; Meadow Park Drive, beginning at the intersection with Elkhardt Road, State Route 663, and going southerly ~.0~ mile~ then t~rning and g~ing southerly 0.04 mile to the intersection w~th ~eadow Park Terrace, then continuing ~o~tkorly 0.08 mile to end in a cul-de-sac; Meadow Park Terrace, beginning at th~ with Meadow Park Drive and going southeasterly 0.05 mile to the intersection with ~adow ~ark Circle, ~hen continuing southeasterly 0.03 mile to end in a dead end; and Meadow Park Circle, beglnni~g at the intersection with Keadew Park Terrace a~d going southerly O.O6 mile to end in a cul-de-sac. ·his request is inclusive of tho adjacent slope, sight ~istan~e, Qlear zone a~d designated Virginia Department of These roads ~erve And be it further resolve4, that the Board of Supervisors guarantees to the Virginia Department of Transportation an unrestricted right-of-way of a0~ with n~c~s~ary easements Sot cuts, fills and drainage for all of thane roads. Vote: Unanimous" Vote: Unanimous AGREEMENT FOR ~%INTENANCE OF A STORMWATER DRAINAGE $¥ST~4 AND BEST )~.NAG~NT I~ACTIC~ i~Ac~LITy FOR On motion of ~r. Colbert~ ~econded Dy Mr. McHale, the Beard authorized the County Administrator te ex,cute an Agreement for Maintenance of a Sto~mwater Drainage System and Best ~nagement ~ractice Ua=ility with Richmond Development, Inc., the developer of Proctors Point, with the County's only followed by the owner as approved by th~ C~unty A~tol~ey. (It is noted a ~opy of ~he vicinity sketch ie filed with the Daper~ of this Board.) Vote: Unanimou~ 6.E.10. A~I~ROV~L OF ~{IG~T-OF--WA¥ AGP. EE~/eT ~ NEW ELECTRICAL On ~otion of ~r. Colbert, seconded by ~r. McHale, the Board au%hor~zed the County Administrator to exeo~te a right-of-way se~viee installation to the baseball fielde at Midlot~ian High School. (It is noted a copy of the agreement i~ filed with the papers of th~ Board.) Vote: Unanlmou~ ~.E.l~.a. TO D~I~ ~OLLA~ORATIVE FOR 'xn~ BeN AIR On motion of ~Lr. colbert, seconded by Mr. MeHale~ ~he Bea~d a~th0rized thc County Administrator to execut~ a chan~e order to Design Collaborative, in the amount of $13~000, for extra design work on tho Ben Air L~brary. (It is noted said ~unda will come from thm Ben Air Library contingency Fund.) Vote: Unanimous On motion of Mr. Colbert, seconde~ by Mr. McHale, the Board authorized the county Administrator to execute a Change Order to Forterra Corporation, in the amount of $14~803.74, to excavate peer ~oil~ and replace with engineered fill at the access road for the Bnon Library. (It i~ noted said funds will come from the current apprepriation of Bond ftlIlds for the Vote: Unanimous 6.E.ll.c. TO 15'N~I~IDGE CONSTRUCTION COM~ANY FOR T~ ~NNT~L ~T~/I~ENTALRETARDATION~U!LDING On motion of Mr. Colbert, s~conded by Mr. NcHale, ~e Board authorized tha County Administrator to exe~te a Chan~e order to Kenbrid~e Const~ction Company, in ~h~ amount of $~0,477, for additional lighting and utility receptacles to the Health/~enta/ Retardation Building. (It is noted s~id funds will com~ from =he Hental Heal~/~ental Retardation Building CaDital Improvement Program.) Vote: Unanimous SET DATE FOR A ~onLtC HEARING TO CONBIDERAI~IDING Tml:i the date of June 10, 199l at 7:00 p.m. for a public ad~rc~ing water quality protection. On mu~ion of Mr. Colbert~ =eoondad by Hr. Mc~aler the Board authorized the Chairman of the Board and e_he County Administrator to exa:mte an eamement agreemont wi~h tho Chesapeake and Potomac Telephone Company for underground and/or ovorhead cable within a 10 foot easement at the LaPrade Library and 10 foot and ~ foot ~asements at Hanchester High School. (I~ is noted copies of the plats ara filad with the papers of this ~oard.} Veto: Unanimous 6.]~.14. AC~ZETANCES OF PARC~Y-q OF LA.ND 6.z.14.a. ALONG CO(BILL ~OA~ ~ROM NATIONAL ORGARIZATION OF cf land ccntainin~ 0.275 ae~e along Cogbill Roa~ from ~ational orqanization of thc New Apostolic Church o£ ~orth A~erica and authorized the County Administrator to execute the necessary deed. (It is noted a copy of the plat is filed with the papers of this Board.} ALONG HIT]~Y~ STI~E~T ROAD AND FO~ I~OAD FF~ON i%~Ry AND DELORES p. CARR On mo~ion of Mr. Colbel~, seconded by M~. He.ale, the Board accepted, On behalf of th~ Comity, the oonYeyamce of a parcel 09 land containing 1.~32 acre along H~ll Street Road and Fordham Road fro~ Aubrey T. Cart and Delores P. Cart and 92-364 5/13/92 deed. (It im noted a copy cf the plat ie filed with the Vote: Unanimous ALONG NORTH ARCH ROAD FROM THE rl'R~fiTif, lf~ /l)P I~I~%RI~' Om notion of Mr. Colbert, seconded by Mr. HcHaler the Bcar%l accepted~ on behalf Of the County, the conveyance of a paroc1 of land containing 0.112 acre along North Arch Road from the Tlaisteem of Redeemer Lutheran Church and a~horized the Cou~lty A~ministrator to execute the necessary dasd. (It is noted a copy of the plat is filed with the papers of this Board.) Vote: Unanlmoum 6.E.14.d. A~ON~ TO~T~ MTREE~ FROM TH~ TRUSTEES OF ~NU3~T, After brief discussion, on motion of Mr. colbert, seconded by conveyance of two parool$ of land both 10 feet in width along the east and west line of Totty Street from the Trustees of Emmanuel Wor~hip C~nter and authorized the County copy cf the plat is £ile~ with the pap~re of this Board.) 6.E.15. A~AIIDOFCON~TI~ICTION~ON%~RAC~ FOR BaN AIR~FA~ ~.TNE I~HA~II~ITATION PROJECT On mo~ion of Hr. Col~e~t, seconded by ~r. MoHale, the Board approved the appropriation a~ awarded a construction contract ~or Project ~89-0923R, Ban Air Water Line Rehabilitation to Llrttle Utillti~m, thc low bidder, in the amount of $877,018.$0 for replacement of old, ~d~rmized water maine and improvement to metrics for fire protection to the Bom Air/crestwood Farms ares and authorized the County Administrator tC ~xeoute the necessary documents. (It is noted %hie project is part of the previously approved Utilitiem Capital improvement Program and the funds ars included in the appropriated capital Budget.) Vote; Unanimous On motion of Mr. Colbert, ~con~ed by Er. MOHal=, the Bo~rd approved a contract for ~cDonal~'~ Restaurant - Outfall Sewer follows, which project includes ~e ex~nsion of 2,780 L.F. ~ Contract ~ount: Estimated Total $71,609.25 Total Estimated County Cast: Wastewate~ (Oversizing) $ 1,465.20 Estimated ~v~lo~er Co~t: $70,144.05 Code: (~erslzing) 5H-57~40-898~OOE Unanimous 92-365 On motion of Mr. Colbert, sscondsd by ~r. No,ale, the Board Rpproved an a~s~ded e0ntract for Now Kingdom Hall for Jehovah's Witness Church, Contract ~u~ber 90-0~3~, as follow~, which project includes th~ extension of 202 L~F~ of 0ffsite wastowater lines to provids service to adjelnin~ ~roDerty, and s 6 inch house os~BeCtiOM tO serve an existing homo eutho~izod the County Administrator to execute any necessary Developar: Trustees, New Kingdom Hall for Jehovah'~ Wi~ne~ church contractor: LOT Con~tructian ¢o~traot Amount: Estimated Total - $~,500.00 Total E~timated County Cost: wastswater {Additional Work) ~ $ 134.52 (cash) Wastawatar (offmite) - $1,465.2o (Refund thru connectlonm) Estimated Developer Cost: - Code: (Additional Work) vote: Unanimous Mr. Sale stated several requests for installation of ~treotlight i~stallation cost approvals had been deferred from the March I1, 1992 Board meeting. On motion o~ Mr. Celbert~ seuonded by Mr. Warran~ the Board approved the street light installation cost of $2,173.00 for the inter,action of Sack~ Lane and Sa~ha Court ~lth said to be expended from ~e Matoac~ District Street Light Account. Vote: Unanimous It was noted ~ince no action was taken on the following re~est~ would b~ carried over to the next regularly suheduled C~VER HILL DISTRICT Cost to install light: $3,657.00 Mid-point of Red ~e~tnut Drive Co~t to in.tall light: $1,723,00 ~ACA DISTRICT Vicinity of 4306 Sack~ Lane Co~t to install light: vicinity between 20505 and 20S07 Samba Court Cost to install light: $2,444.00 vicinity of ~0904 Sash~ Court in cul-de-sac Cost to in.tall l~ght: vicinity of-20812 s~a~er Drive Cost to install light: $1,T66.00 Vicinity of 20805 shaker Drive Cost to instull light: $1,615.00 There wets ns hearings of citizen~ ~eheduled at this time. l~r. Rammey presented the ~o=rd with a report On the develeper Admisistrater. General ~nd Balance; Rese~e for ~ure Capital Proj Mr. Ramsey stated the Virginia Department of Transportation has fo~mlly notified the County of the acceDtance of the ~DI~ON~ ~G~ ANTLER RI~E - [Effeotiv~ Route 4731 to 0.03 mile SoUtheast Route 4744 Route 4730 C~ital Drive) - From Route 560 to Route 4700 0.22 Mi Route 473~ Deer Thicket Court) - Prom Route 47~1 0.03 mile Northeast Rou=~ 47~1 0.03 Mi Route 4733 De~r ~ioket ~ne) - From Route 47~1 to 0.03 mile Northeast Ro~e 47~1 O.03 Rout~ 4738 (Branohed Antler Drive) - ~rum 0.04 m~le Sou~west Route 4740 to 0.11 mi]~ East Route 4739 Route 4739 (Branched Antle~ Circle) - Prom Route 4738 0,11 mile North Route 473s Route 4740 (Branohe~ Antler court) - From Route 4738 0,13 mile North Route 4738 Route 4744 (Key Deer Drive) - From 0.04 mile Southwegt ~TL~R RIQG~ - SE~ION 2 Route 473~ (~ranched ~tler Drive) - ~rom 0.04 Southwest Route 4740 to o,03 ~ile West Route 4743 0.15 Route 4741 (Branched ~tleT Te~ace) - From Route 4738 to O.1~ mile Nor~ RO~e 473S 0.13 Mi Route 4742 (Branched Antler ~lace] - ~rom Route 4741 to 0.04 mile We~t ROUte 4741 0.04 Route 4743 (Roedeer Drive) - From Route ~73~ to 0,06 mile South Rout~ 473S 0.06 D~ZR aUN - SECTION 4 Route 4700 (Da~r R~n Drive) - Fro~ 0.83 mil~ Southeast Route 4744 to 0.15 mile Southeast Route 4744 0,12 92--367 Route 4743 (Roedeer Drive) - From 0,06 mile South Route 4738 to Route 4744 0.03 Mi Route 4744 (Key Deer Drive) - From 0.04 mile Southwest Route 4700 to 0,02 mile ~outhwest Route 4743 0.18 Rou~e 4745 (Key Deer Court) - Trom Route 4744 to 0.05 mile Southeast Route 4744 0.05 Mi Route 4746 (Key Dee~ Circle) - From Route 4?44 to 0.11 mile South Route 4744 0.11 Mi Route 4904 (Flag Tail Drive) - From Route 4713 to 0.11 mile Northeast Route 47!3 0.11 Mi GLFN TARA - SECTION 0-A - (~ffective 4-1-92% Route 4360 (Timber Trail Drive) - From 0.06 mile Weet Route 4363 to 0.03 mile West Route 436§ 0.18 ~i mile North Route 436~ 0.03 Mi Route 4365 (~ing Cotton Lane) - From Route 4360 to 0.11 mile south Route 4360 0.11 M~ Route 20B$ (Tall Pins Road) - From ~.11 mile N~r~h Route 768 to Rout~ 4360 0-0~ SALISBURY WEST KENNET SECTIO~,..~HASE II - (Effective ROUte 378~ (Kmnmont Drive) - From ~oute 714 to 0.13 mile Wes= Rou~e 714 0.13 Mi Route 3789 (Ke~O~t Terrace) - From Route 3788 to 0.15 10. EXEcuT/VE SESSION ~uRb~ANT TO SECTION ~.]-344(a)(7}, CODE ~IRGINIA D~$~f~T~R~ O~ ~GHWAYS ~ TRANSI~ORTATION wmnt into Executive Session, pursuant to Section ~.1-344 (a) [7), Code o£ Virginia, 1950, as amended, for consultation with legal counsel reg~rdin~ pro~able lltig~tion involving t~l~ Virginia Department of Eighwaye and Transportation. Vote: Reoonv~ning: on motion of Mr. Colbert, seconded by Mr. Warren, the Beard adopted the following re~oluti~n: ~EREAS, the Board of Supervi$or~ has this day adjourned into E~ecutive session in accordance with a formal vote of the Board and in accordance with the provieions o~ the virginia Freedom of Information Aot~ and W~EREAS, the Virginia Freedom of ~nformatien Act effective' July 1, 1989, provides for uertlficatien that such E~ecutive Session was conducted in conformity with law. NOW, THER~FOR~ B~ IT R~SOLVED, that the Bo~rd of County Supervisors does hereby certify that to ~J~e he~t ef e&oh member's knowledge, i) only public business matters lawfully 92-$68 ~/13/92 exempted from open meetin~ rmquirememtm ~nder the Frmmdo~ of ~nfo~mation ACt were disCussed in the ~xeCutiv~ $~sslon to which thi~ c~rtifi~ati~n applies, and ii) only such public bUflin=us matters the Motion hy which the Executive Session was convened were heard, discussed or considered by The Board being polled, the vote waa as follows: Mr. McHale: Aye. ~lr, Celbert; Aye. Mr. Warren: Aye. Mr. Barbe~: A~e. 11. DINNER On mo%ion o~ Mr. Colbert, seconded by Mr. M~Hale, th~ ~oard ~eee~sed at 5:15 p.m. (EST) to travel to Kinq's Kor~er Res=aurant at %he Chesterfield county Airport for dinner. Ustc: ~nanimous Reeonvening: ]~. INVOCATION Mr. Daniel introduced Reverend ~l~n D. Bohannon, Pastor ~£ central Bapti~ ¢~u~¢h, who gave tbs invocation. 13. PLEDGE OF ATX~GT~d~C~)-r~FLA~ OF 'r~I~O ~TAT~S OF AMERICA chief Robe~-k L. Eanes, Jr. led the Pledge of Allegiance to the Flag of the United Stato~ Of Amerlc~. ~ai~an of ~e Henrious Foundation and mtated Mr. Perry wa~ in~t~e~tal in the releame of State funds for ~ into the K~nric~S ~ite. app~ciatio~ to th~ Board for pa~t, present and futuru =uppo~ and stated they werm =o~itted to preceding and restoring the uite. He further stated approximately ~,000 persons had visited the site on "Henricu~ Day'~ a~d r~oognized the General the citle of ~enr~c~ and the effort~ of all introduced Delegate John C. Watklns. addrems the Board and pre~nted them House Joint Resolution N~er ~. Ne stated the General Asse~ly of virginia 1992 session unanimously adopted a rezolution COmmending the Ne~ious Foundation, the Counties of chesterfield and Henrioo and the City of Richmond and t~ p~ivate contributor~ for historio Citie of Henricu~. Mr. Daniel expressed sincere appreciation to Delegate wat~in~ ~a~ ~he re~lu~i~n ann ~sr his support to the Board and the Couuty on various issues. Mr. Ramsey, on behalf of '~a County, accepted ~he resolution. M~. Ramsay then introduced Mr. Roger Habeck, publisher for the virginia Review. ~r. Habeck ~resested oo~ie~ of ~ha ~y issue of the ~ Review to the Board and stated the issue featured Chesterfleld County. The Board expressed appreciation to Mr. Habeok. 14. R~O~/]TIONS AND SPECIAL RECOGNITIONS 14,A. 1%ECO~IZINGI~RS. LOU H. ~E. ~ ~ ~ING ~r. Hamt stated he felt it wa~ ~ppropri~t~ to ~r~nt a resolution to Mrs. Lou M. Lee when ,,National Nu~i~ Week" was currently beln~ r~cogniz~d and introduced Mrm. L~. ~e fur~e~ ~tated ~rs. Lee has Contribut=d to ~c care well-being of ~he resi~mn~s and wo~ld b8 ~iss~ by s~aff ~e~idents alike. On motion of the Board, the following resolution was adopted: ~R~S, Mrs. Lou M. Lee retired from the Chesterfield County Lucy Corr Nursinq Home on March 1~ 1992; and ~ER~S, Mrs. Lee began her career at th~ Lucy Corr Nurmlng ~e on May 1I, 1~71; an~ ~REAS, ~rs. Lee has contributed to the car~ a~d well- being of th= ruuid=nts; and ~S, ~r~. Le~, through additional training, hard work and d~icm~e~ mm~ce wam promoted to Trea~ent A~stant in 1977, p~ovidlng more ~peciallxed car~ and treatment to reslden~s, often going the extra mile to provide thi~ care; and ~E~S, Mrm. ~e'~ work wa~ ~ften ~valu~ted above average to superior by her mupe~imorm; and ~MRMAM~ Mrm. Lee took pride i~ he~ work and in doing job well; and ~EREAS, Mrs. Lee'~ positive a~d oouperatlv~ working relationship wi~ her peers succeeded in ~ettinq th~ job done; our remld~nt~ feel at ho~e at the Lucy Corr Nursing Moms; and ~E~AS, MrS. Lee was well-liked and remp~cted by her workers as well am those she ca,ed fo~; ~EREAM, ~is long-time employee will bm mism~ by ~taff and ~esidents alike. NOW, THE~FO~ BE IT ~SOL~D, that the Chesterfield County Beard of Supe~isors publicly rec~nizes Mrs. Lou M. Lee and e~e~d~ O~ b~ulf of its m~ers and the citizens of ~esterfleld County their appreciation for her dedicated and diligent ~c~ice to the Co~ty and extends best wi~he~ t~ her in her retirement. A~D, BE IT FURTR~R RESOLVED, that a copy of this resolution be presented to MFS~ Lee and that this resol~tio~ ~e permanently recorded among the papers of this Board of Supervisors of Chesterfield County, Virginia. Vote: Unanimou~ Mr. Daniel premented the ex~¢ut=d r~olution to ~rs. Lec, accompanied by members of her f~ily, thanked her for hem dedicated service to the County, and wished h~r well in her retir~ent. ~der ~. Morrison~s lea~er=hip, major imgrov~nt~ County has ~njuyed an excellent work~ng relationship wi~h Mr. On ~otion of th~ Board, t~e following resolution ~a$ ~E~AS, i~ A~st, 1985, Mr. Denn~ C. ~orrison was Dromoted by ~he Virginia Department of Transportation to ~e position of Resident ~ngin~er i~ Chesterfield County; and improv~ent~ tc Che~terfield's transportation networ~ ~ave ~oute 288, Interstate 29~, and the Rou~e 36 grade separation; the widening of Route 10, Ro~t~ 147, Route 60, Turner Road and Road, Branders Bridge Road and Ruffln Mill Road; and the ~A~, Mr. Mo==i~on has =on~uc~ed =he b~sinass of ~he Virginia Depar~mnt of Transpu~atlon in a ve~ professional, efficient and effeutlve manner; ~AS, the Board Of Supe~i~or~ has emjoyed an excellent Working relationship with~. Morrison~ and position ~f Assistant Construction Engineer with tho Virginia Depa~ment of Tran~po~a~ion. appreciation to Mr. Dennis C. ~orrison Sot his outstanding s~ice to the citizens of Chesterfield County. ~D, BE IT ~T~R ~OLV~D, that the Board ~Xte~d~ ~. ~orrison its be~ wi~hes for success in his new position with ~e Virginia Department of Transportation and, fu~he~ore, that a copy of thi~ re~olution b~ fo~arded to Vote: Unanimous ~. Daniel pre~entmd th~ exeo~t~d resolution to M~. ~Dr~ned appr~oiatlon for his contribution~ to the County, and wished him w~ll i~ his new Dosition wi~ ~ virginia 92-~71 Mr. Morrison expressed appreciation to the Board and stated experience. 14.C. RECOGNIZING T~ MON~ OF MAY AS F,.~COGN~'/'ZON HONT~" M~. Jean smith, Director of Social Servicesr stated foster falnilie~ improve the quality of life for their foster ~hildren, our community and future generationo by providing love, guidance and positive llfe experiences to the children pieced temporarily in their care. She introduced Ms. Linda Donlan, a foster parent and the Chairperson of the local Fester Parent Association and recently elected Preoident of the Virginia Foster Parent A$~0¢iation. On motion of the Board, the following resolution was adopted: WHEREAS, our society depends upon family life to pr~par~ each new generation of children to be responsible citizens; and able to safely care for their children while re~olv~ng problems at hone; and WHEREAS~ temporary foster care io needed to provide a gaf~ refug~ for children who are at risk to be abused or neglected; and WHEREAS, nasy families in Chesterfield County have eDen&d their homes to these children by becoming foster families who work with the public and private agenoi~ which ~e~ve troubled families in OUr community; and W~EEEA$, foster families improve the quality e£ li~e £or their foster children, our community and futur~ generations by providing love, guidance and 9usitlve llfe experiences to the children placed t~porarily in their care; and WHEREAS, the citizen= of Chesterfield County Wi~h to acknowledge a~d supper~ the compassionate work of footer families to children in our community. Supervisors of Chesterfield County hereby zecognizes the month of Nay~ 199~ as "Foster Parent Re¢opnition Month" in Chesterfield County and callm thi~ resolution to the attention of all it~ citizens. Mr. Dsnlel 9remented the executed resolution to ~s. Donlan and families to children in our community. 14.D, RECOGNIZING I~A¥ 17--2.3~..,1992 1%9 ~oI/l~'ri~K RESCUE ~U~ ~i~ Ean~ ~tated re~cue s~a~s provide eme~ency pre- hospital care to ~e citi==n~ of the County; and introduced S~ad; ~. Aaron Cha~ers, Recruitment Officer of the Ettrick-Matoaca Res~e S~ad; Mr. John Hilliard, President of Fo~e~t View Rescue ~ad; and Ms. Charlotte Cart, Vice President of ~anohester Re,cue S~ad. On motion of th~ Soard, =he following rusolution wms adopted: 92-372 5/13/92 WHEREAS, Bensley-Bermude, Ettrick-~atoaca, For~t pre-hospital care to the citiz~n~ of C~mt~rfield County; and me, ers in C~ester£ield County answered ~housands of call~ many additional hours devoted ~o training and activities; and to partioipa=e in training an~ con~inuing education so ~at day, ~ree hundred and sixty-five days a y~ar, free of savings to each patient and ta~uyer: and ~, Chesterfield County is co~itted to a~i~ti~g ~e s~ads and making thom a ~on%~nuin~ Da~ of ~e Medical So,ices System and asks each citizen to rec~nize the NOW, THE~FO~ ~K IT RZSOL~D, that the Chesterfield oiti~ens of Chesterfield cowry to p~icipate in activitia~ Vote: ~animous Mr. Daniel pre~ent~d the ~x~Quted resolution ~o Mr. · 4.~. F~COGNIZING HAY 17-23. 1992 ~ "AN IUFENT IN 'r~E ACTS" Dr. N~l~on ~tated the N~S ~ro~ec~ Foundation ~a~ fo~nde~ to provide a ~eans of expression and to rai~ f~d~ an~ that "~ Event in Three Acts" was a fund raisin~ and educational event. would be tourln~ R~chmond; and the N~ES Progect AIDS M~mo~ial Quilt would be on display. ~e introduced Mr. Glynn Koreland, Co-chair Per~o~ of "A~ ~ent in Three Acts". On motion of the Boar~ th~ following resolution was adopted: World-wide heul~ crisis and one in two hundred and f~fty ~ericans is now ~nfected wi~ ~IV, the vi~s that causes AIDS; and with AIDS and one of the target population~ for ~is event~ and ~S, the County Of ches=erfield reoogn~zes the need f~r oar~ research and education of itn ~itiz~ns about AIDS7 and ~E~, tho Dms~gn Industrle~ Foundation fo~ AIDS (DIFFA) was e~tablimhed in 19a4 to raise funds an~ make gran~s to organizations nation-wide that provide ~e~ice~ to individuals living with HIV/AIDS; =n~ ~E~AS, ~e N~ Project Foun~ation was founded to ill~strat~ the humanity behind the statistics, to provide a 5/19/92 means of expression for these touched by the epidemic and ~o raise funds; and WHEREAS, "An Event in Thrs~ Acts" is the largest national AIDS fund raising and educational event in history and is a project of DIPFA and the MIMES Project Foundation; an~ WHEP~AS, the performing company of ~EART STRINGS will be touring thirty-five cities across the U.S. and Richmond im included once again; and WHEREAS, the NA~ES Project AIDS Memorial Quilt stands as an internatieDal me~0~ial to the lives lost and being lost to AIDS; and WHEREAS, the Greater Richmond community Foundation/ Richmond HEART STRINGS Fund are presenting the National Tour of h~ART STRINGS and the AIDS Memorial Quilt: "An Event in Three Act~" d~ring the w~ek of ~ay 17-13, 1992; and WHEREAS, such a production and its success would not be possible without the dedication of ~erformers, production workers, corporate sponsors, advertisers, individual contributors and hundreds o~ national and local volunteers and a s~pportive community; and WHEREAS, th~ MF~%RT STRINGS pre~i~e, to gDite, educate, mohillze~ motivate and sensitize all seqment~ of the c~un~ty in a p0mitive and a unified forte against AIDS has been realized by the nnmeroum Ch~mterfield citizens who have worked so diligently to host "An Event in Three Acts". NOW, THEl%EFOR~ B~ IT R~SOLV~D, that all sponsoring organizations be con, mended for thei~ humanitarianism and their activism in the international war against AIDS. individuals living with ~IV/AID$ are commended ~or their tireless efforts~ that the steering com/%ittee and volunteers a~ "An ~vent in Thras Act~" ~e oomme~cd for their leadership in guiding this production =o that all people of Chesterfield may educate the~zelve~ about this insidious disease; and that the week of ~ay 17-23, 199Z be designated the week of "An Event in Three Acts" and a tine for all Cheoterfield citizens to joia in the fight against HIV/AIDS. V0te: Unanimous Mr. Daniel presented the executed resolution to Mr. ~areland end stated the County recognizes the need for care, re~earcn ~ad education of its citizens about A~D$ and wished th~m succem~ in their fund raising event~. Mr, Moreland expressed appreciation to the Board for thc recognition and stated AIDS was a world-wids hsalth crisis and the AIDS memorial quilt would be displayed at the Richmond Centre an~ was the largest art project in the world and the preduction's goal was to unite and educate all segments cE the community in a positive an~ a uni£ied force apalnst AIDS. D~$'~-~C-~ Mr. Sale stated Tho Samas River soil an~ Water conservation District was one of over a hundred local conservation distriots chosen to receive the 1991 Goodyear National Association o~ Conservation D~stricts Creed Award. He introduced Dr. Harold Mstthew~, Mr. Marshall Jones~ Mr. Richard Nunnslly snd Mr. Tom Sordel~tt. 5/13/92 On motion of the Board, the following resolution was adopted: annually by Goodyear Tire and Rubber Company and %he National ~q~A~AS, winning diatricts are selected from nearly three program aeei~te local districts in %heir effor%~ to ser~o the job of delivering quality conservation programs and zervlce~; and District was one of over a hundred local conservation achievements dnrin~ fi~al y~ar 1990-91. NOW, T~EREFORE BE IT P~ESOLVED, that the Cbestsrflsld who merved as chairman ~$ the time of the Award; F~r. Kevin ~ones, retired Director of th~ County's ~x~nslon Service; F~r. ~a%timore Did%riot; and all o~her ~e~bers o£ Th~ James River Soil and Wa~er Con, era;etlon District for their receipt of the 1991 ~oodyear, NACD ~rand Awar~ and their outstanding ao~ompli~k~ents on behalf of con~er~otion in this district. Veto: Unanimous appreciation for their outstanding a¢oompllshments on ~ehalf of conservation in this district. ~a noted Dr+ Matthews had recently been appointed in the category of Soil Scientis~ to i~.A. ~O ~IDERADOI~ION OF 'x~ ~93 'r~OUG~ FY98 for a joint public hearing with the Virginia Depaz~men% of ~&nsporta~ion ~o ¢on~er adoption of the FY99 through FY98 S~oonda~y Road Six Y~ar Improvement Plan and FYg~ Secondary Road Improvemen~ Budget. Mr. Colbert expressed concarn~ relative to limited aco~ to the Millside Subdivision and requested th~ ~oard to consider appropriating Ss0,000 for the construction of an emergency road access into the Subdivision contingent upon the acquisition of the ~ecessary rights-of-way. Mr. Daniel stated he was familiar with the situation and had ~eceived letters addressing this concern. H. further alternatives had been addressed in the pas= and he felt the County would not be able to obtain the necessary funding from either the railroad or tko State, however, the County Administrator oo~ld De i~str~cted to review available alternatlves for funding for thi~ ~eq~est. Di~cu~inn~ comments and questions ensued relative to the cost of the ~mer~ency access; tho availability of fund~ and tho appropriate manner in which to address this request. Mr. Roger Medlook stated he was a resident of the Mill~de Subdivision and was r~presenting residents cf the subdlvi~ieu~ that approximately twenty~five residents were present; that the only aocess into the subdivision was Pine Forest Drive; that the road wa~ blocked approximately thirty-eight or more times every day h~ the double track of the CSX Railroad; that the neighborhood was concerned about the access due to emergency sorriest; ~hat ~hey have been addressing options to address their concerns for several year=; that they felt Forest Drive could be e~tesded ~sstward between the Virginia Department of Transportation (VDOT] a~d I~K Corporation and Corporation; that tb~y felt this ~olutlon would not only benefit the residents but would al~o ~en~fit vnet and would not negatively impact the area~ and requested the Board to earmarked for Matsaca District to extend Pine Forest ~rive; the land owners to acquire the necessary rights-of-way. Mr. Carroll ~arrie stated he was a resident of the County and on Black Road; that there were approximately thirty new homes on River Road ~et~een Walkem Quarter Road an~ Black Read~ that he felt t. his was a dangerous intersection and requested the installation of a stop sign at this intersection. ~tr, Stuart Moseley stated he resided in Mill~ide Subd~vlslon; Subdivision safely at all times; that he felt this was an eonsid~ratlon to their request for another access into Subdivision. hearing was closed. a 9%%bdivision could be b~ilt today with one entrance; the history of =he subdivision; the available options in providing approve the transfer of County funds for the Hopkln= Road, projects; approve Senate Street as the FY93 Rur&~ Addition ProJe==~ and adopt resolution~ approving the six Year proposed F¥1992-93 Secondary Road I~provement Budget as presented. Mr. Daniel stated the County Adninistrator had advised the funds could be appropriated from the Capital Re~el've for initiation of th~ project oontlngent on the necessary rights-of-way being .acqu~rnd. 92-396 5/13/92 access and would not provide for a public see0nd acne~s. addreeeed separately from the projects e~tlined in the six Year improvement Plan and the Secondary Road Improvement Budget as priority limtings had been reviewed extensively and if this request was addressed in this manner, it could result iD similar requests next year. On motion of Mr. Warren, seconded by Mr. Colbert, the Board Vote: Unanimous Ou motion of Mr. Warren, seconded by ~r. approved the tran~fe~ of Co~ty funds for the Hopkins Road, Woodmont Drive, Rhodes Lane, and Centralia Road/c~hes~er Road proj acts. On motion of Mr. Warren, $=conde~ by ~r. Colbert, the Board approved Senate Street as the FY93 R~ral Addition Project. vote~ Unanimous on motion of Mr. Warren, seconded by Kr. Colbert, the ~oard adopted ~he following resolution: WEEREAS, =he Board of Supervisors of Chesterfield County amd the Virginia Department Of ~ra~spol~ation (VDOT} have eo~dneted a p~blid hearing on the FY 1992--93 through FY 1997-9~ Secondary Read Six Year ~mprovement ~lan; and WHEREAS, the Board concurs with the proposed projects identified in the plan. NOW, THEREFORE BE IT RESOLVED, that the Chesterfield County Board o£ Supervisors approves %he Si~ Year secondary Road Improvement Plan ae presented by VDOT. A~d, f~rther, the Board adopted the following recelu~ion: WHEREAS, the Virginia Department Of Transportation (VDOT) ha~ submitted its proposed FY 1992-93 Secondary Road Improvement Budget to th~ Co~ty; and WH~Tc~AS~ the budget represents the implementation of the ~irst year of VDOT's mix year improvement plan approved by the Board. ~OW, T~ER~FOP~ BE IT RESOLV~O, that the chesterfield County Board of Supervi~or~ approves the FY 1992-93 Secondary Road Improvement Budget as preeentad by VOOT. Mr. Colbert made a motion, ~eeon~ed ~y Mr. Barber, for the Board to appropriate $8S,000 from Reserve for Futur~ Capital P~ojeets of the General Pund ¢on=ingent upon the necessary right-of-way donatio~ to be used for the ~cn~tr~ctio~ of an Mr. Barber indicated his concern had not been to the worthlne~ of the project but rather Co the appropriate manner in which %0 address the request. Mr. Daniel called for the vote on the motion made by Far. 001bert, ceconded by Mr. Barber, to appropriate $80,000 f~om the Reserve for Future Capital Projects of the Gen~ral 15/nd Canting=hr upon the necessary right-or-way donation to be used for the construction of an emergency access to the Millside SuJodivision. Vote: Unanimous 15. B. TO CONRIDER 'r~ PROHIBITION OF ANY THROUGH ~UCK OR PI~U~ OR PANEL~R/]CK FROM USING O~]{~ED]%O~ BETWEEN ~ENITO ROAD kND nu,.n B1T~T ROAD ~r, ~¢Cra~k~n stata~ thi~ data and tiaa had bean adYer~issd fo~ a public hearinq %o consider the prohibition of any except a pickup or panel t~ck from using Old ~dred Road between Geni~o Read an~ Hull S~r~ Road. ~r. ~eor~e Rodericks stated he ~ad resided in Brande~ill f0~ ~e past five year~; that he and hi~ wifo had not ~oen the pursha~ed their home; that over th~ y~ars, th~ si%nation had b~come hazardous: that he had ~o~itted himself to ~e ~peed limit~ to bo roadjust~ bu~ had b~n un~u==~ful in doing so~ that ~chool bu~e~ traveled the roa~ and he Board to cons{der restricting t~ck traffic on 01d H~dred hearing wa~ clo~ed. ~en asked, Mr. McCrack~n ~tat~d he felt the t~¢ki~g would assis~ the county'~ effort~ ~n r~e~ning the vi~inia Depar~ent of Transportation to ccn~truct the loop and ramp repasted Mr. ~cCracken to notify the t~cking companies ~or their a~stanc~ i~ this matter. on ~0~io~ of Mr. Warren~ seconded by Mr. McHale~ ~e adopted the followlnq resolution: ~edeived ~e~=sts from citizens to r~strict through t~ck and trailer or sami-t~aile~ combination e~ect pickup or panel truck~; and ~E~ tbs BOard hun conducted u public hearing on the ~estion. ~OW, TKE~FO~ BE IT R~SOL~D, that the ~oa~ Sup~iso~s re~ests the V~rginia Department of Transportation to restrict ~hrough t~ck traffi= on Old ~n~ed Roa~, Vote: Unanimu~s 1~.c. TO CONSIDER AN ORDIN~C~ TO AMEND TH~ COD~ ~F '£~ ~URi~X for a p~lic hearing to con~ider an ur~inanc= to ~end the 92-378 5/13/92 ,! Co~e of the County of Chesterfield, ~978, as amended, by amending and reenacting section ¥-5(a) relating =o franchise percent of annual gross subscriber revenues and if the change was enacted with an effective date of July I, 1992, the change would generate $420,0~0 in additional :avenue during FY93. Mr. John ~a~cke stated he was a rcsiden~ of the County; that he was opposed to increasing the franchise fee for televlslon; that he was concerned a~ to the affect the change would have on the customers as he felt the Co~ty already had the highest cahls rate in t~e area. had done some re~earch and he felt the County our:early has one cf thc highest cable rates; that he was opposed to raising the re:us and w0~ld llke to be able ~e maintain his cable service; and requested the Board to deny the ordinance. Mr. Buck Dopp, Gen~r~t Munuger for Storer Cable Communications, stated he supported =he efforts of the Board and felt the increase wa~ needed a~ the fUnds woul~ be designated for public safety; that Starer cable would pass the franchise fee throug~ to the stLbscriber~ but would itemize the franchise fee as a separate linc item cn the bills if the crdi~amce was adopted; that the average affect to the customers would be an additional two percent; that the average customer's bill wo~ld increase by approximately $.65 per men~h~ that storer's goal was to keep the rates affordabl~ end competitive with thc rates of other local cable companies and would attempt to keep :heir costs in line. He a~cssad their cooperation and support to the Boar~ to communicate im~lementatlen cf the ordinance if adopted. There being no one else to address this ordinance, the publlc hearing was There wa~ brief discussion relative tu tbs franchise fee rates in surrounding jurisdictions. Mr. Daniel stated the actual franchise f~e wa~ a negotiated item at the award of the franchise agreement and the local governing body hsd been chargin~ the rates previously negotiated. Re further ~tat~d thc ~ncrsase in revenue would be designated for public safety and he had ,not received any negative concerns from his eonstituent~ regarding the proposed When asked, Mr. Dopp stated Jeerer had added sixty miles of cable line on an average every year dRe ~o growth within County; that their services offered addre~sable technology~ hhat they main:tined s P~%blic Affairs Program; and some of th~ increases were related to operating costs. He £urther stated tbs issue would be addressed durin§ the franchise renewal process and they would attempt to address the concerns expressed to the satisfaction of everyone. There was brief di~en~sion relative to the franchise fee being pas~ed on to t~e customer. Mr. Colbert made a motion, seconded by Mr. MeHale, for the Board to adopt a~ ordinance to amend the Code of the County of Chcsterfleld, 1978, as amended, by a~ending and reenacting Section 7-5(a) relating to franchise fee ~or cable television. ~r. Mida~ stated the ordinance would be effective July 1, ~r. Warren noted the revenue gsnsrsted by the increase in the franchise fee would be earmarked for public safety. ....................... J ................... / L ..... On motion of Mr. Colbert, seconded by Mr. McHale, the ~oard adopted the following ordinance, AN ORDINANCE TO AMEND THE COD~ OF T~ COUNTY OF C~$TERPI~LD, 1978, AS AMENDED, BY ASIENDING AND REEKACTING SECTION 7-S(a) R~LATI~ TO FRANCHISE FEE FOR CABLE TELEVISION BE IT ORDAINED by the Board of Supervisors of chester£iel~ County: (1) That Section 7-§(a) of the Code of the county of Chesterfield. 1978, as emended, is amended and reenacted to read as fo110wm: $e¢, ?-~. Franchise fee: financial statsments3 audi~[ Denaltv for late Dav~eD~,.,~f fee~ early termination of franchime. (a) The g~antee sh~ll p~y to the county, in consideration of the granting of th~ franchise =o use pnblic waym for the operation of a cable television system, five (5) percent of its annual gross s~b~e~i~er revenuem during the period of its operation under the franchise. Vot~: UnanimOUS 15.D. TO CON~IDER AN ORDINAN~ TO A~ND CHA~a'SR 10 OF '1'~ CODE 1978. AS AMI~D~D. B~ F~$ AT COU]RT~ LA~DFILL~ Mr. Eammer stated this data and time had bean advertised for a public hearing to con~ide~ an ordinance to amend Chapter 10 of the Code of the County of Chesterfiel~ 1978, as amen~e~, by addi~ a new Section 10-~9.1 relating to special tipping fees at County landlilla. ~e further ate=ed staff wa~ recommending Si0.00 be charged per ton as opposed to ~e current $4S.00 per No one cam~ fo~ard to Speak in favor of or against the ordinance. ~ard to adopt an ordinan=a to ~end Cha~te~ I0 of the Code of the cowry of Chesterfield, 197S, as amended, by adding a new Section 10-29.1 relating to special tipping feez at county landfills. Mr, HcKale stated although th~ fee wa~ ~eing reduced ~o ~olicy should b~ establi~he~ to allow ~esidents ~o ma~e application to the co~ty to waive the disposal fee in order to have a one time clean-up in encouraging ~Rese ~yp~s of program~; having ~=riodic special pickups for residential and olea~ ~p %heir prope~y; and s~tting up a special clean-up ~, ~cHal~ re.es%ed ~ta~ to loo~ at initiatives which would provid~ incentives %o land owner~ when cleaning ~p ~eir property especially in areas suc~ as Route 1 for designated Mr. Daniel called for th~ vote .on the motion made by Warren, seconded by Mr. Barber~ for th~ Board to adopt the AN 0RDINAi~C~ TO AMEND C~IAPTER 10 OF THE CODE 0~ ~E COUNTY OF CHESTERFIELD. 1978, AS ~NDED, BY ADDIN~ A N~ SE~ION 10-~9.1 ~TING TO SPEGIAL TIPPING FEES AT COUNTY ~DFILLS BE IT ORDAI~D by the Board o~ $uD~i~or~ of Chesterfield County: (1) ~at Cha~ter 10 of the code of ~h~ County of Chesterfield, 1978, as amended, i~ hereby am~nd~ by ~c%ion lo-~9.1 to rea~ as Sec. 10-29.1. Special TimDin~ Pee at County Lamdfills. a) A tipping fee of $20.00 pe~ ton shall be ch~,d for non-household ref~ (other ~an tires) d~puslt~ at a landfill o~ed ~y the oo~ty if the following criteria are satisfied: (1) The refuse was deposited illegally on property and t~e o~er of the property ha~ ~0 ~O~ledge of how the (2) The r=fu~e was deDosi%ed on prope~y 1) which eligible for co,unity development block gran~ funding or 2) which lies within a re~evelopment area a~ approved by the County Administrator. (b) The fee specified in subsection (a) shall be in lieu of any o~r tlp~ing f~ in effect for coun=y-o~ed landfills. Vote: Unanimoum 15.E. T~ C%ON~T~ kN 0~DiMANCE TO AMEND TH~ CODE OF TM ~ OF C~EST]~RFIR~.~. 197~. A~ AI~ENDED. B.~ AMENDING ~ ~ENACTIIqG SECTION 7.1-2 P~ATING TO Tn~ BOUNTIES OF Mr. Stylish Pa~hemo~, A~i~tant County Attorney, ~t~ted thi~ date and time had be~n advertised fo~ a public hearinq ~o~sider an ordinance to a~end the Code of the County of ~sterfield, 1978, as ammndm~, by amending 3nd Section 7.1-~ r~lating to the boundaries of voting precincts and location of ~olling places. H~ fur=her ~tat~d the chang~ in voting precincts would not affect th= magisterial ~istrtct boundaries and w~ra ~ing =hanged %o spil~ the Enon Voting a~mlnistratlve an~ citizen confusion of ~avin~ multiple congressional races taking pla¢~ in the ~ame precinct. He stated in addition to split=in~ these tWO p~ecincts, the Church, Winterpock and No~h and Sou~ C~u~ter Voting allowed by the Cod~ of Virginia of 5,000 ~egis%ered voter~. ~ r~viewed the change~ and ~taff's reco~endation. There was brief d~c~ion ~elativ~ to whether the Ettrick Ran~01ph Voting Precinct~ could bm consolldat6d in ~e ~e area as Matoaoa High School. Kr. Parthemos then reviewed t~a n~mr of voting machines; ordinance being submitted t0 ~h~ U.S. Depa~ment uf Justice for ~ei~ ~eview; the timefram~ in which the changes would not adversely affect minority voting r~gh=~ and wh~ the changes would be implemented. 92-38~ add life to the exi~ti~g veti~g machines and indicated the machines would oventually need to he replaced and would be an i~sue in a future budget. No one came forward to speak ia favor of or against the ordinance. There wa~ brief discussion relative to the number of County residents in the new fourth Congressional District and whether there were any changes to the boundary lines fey the Manchostor Voting Precinct. On motion of Mr. Colbert, seconded by Mr. Mc~ale, the Beard adopted the followlng resolution: AN ORDINANCE TO AMEND THE CODE O? THE COUNTY O~HESTBRFI~LD~ 1978~ AS AMERDED~ BY AMENDING AMD R~BNACTING SECTION 7.1-2 RELATING TO THE BOUNDARIES OF VOTING Pi%ECINCTS AND LOCATION OF 90LLIN~ PLACES BE IT ORDAIneD by th~ Boar~ of Supervi$or~ of Che~tcrfield County: (1) That Sedtion 7.~-2 of the Code of the County of ~h~terfleld, 1978, as amended, is amended and reenacted to read a~ follows: Section 7.1-2. Precinct bcundarie~ and Dolling place~. The fsllewing shell be the precinct boundaries polling 91aces for ma~i~=erlal districts in the oounty= BERMUDA~AGISTBRIAL DISTRICT and SOUTH CRESTER VOTING PP~CINCT: Beginning at thc point where the center line of West ~undred Road ($ta~e Routo 10) intersects with the center line of U.S. Interstate 95 (Richmond-Petersburg Turnpike): thence r~nning sou=hwardly along the ~entor lind c£ u.s. Interstate 95 (RiC~mOnd-Petersburg Turnpike) to its intersection with Indian Hills Read {~ate Route 746); th~ncn nsrthwe~twardly along the center line of Tsdi~n Hills Road (State Route 746) tO its intersection with the Seaboard Coast Linc Railroad right-of-way; thence northwestwardly along th~ oentor lin~ of such right-cf-way to it~ intersection wit~ thc center line of Ashton Cree~; t~e~ce westwardly along the c~nter ]in~ cf Ashton Creek ts its ~n=~rsscnisn wi~ Harrowuate Road (state Route 144); thence northwardly along the c~nter li~e Of Rarrowgate Road (state Rouge 144) to its intersection with We~t ~Undrcd Road (State Route 10); thence eastwardly along the cen=er lin~ of West Hundred Road (state Route 10) to its i~t=rsection with U.S. Inter,eats 95 (Richmond-Petersburg T~rnpike), the point and place of beginning. The voting plac~ for South Chester Voting Precinct shall be Chester Units~ M~thodlst Church, 121~1 ~rcival Rtr~et. BNON VOTING PRECINCT: Beginning at the point wh~re the coster line o~ Proctor's Creek intcr~ect~ the boundary line between Henrico County and Chesterfield County; thonoe along said boundary line as it meander~ Southwardly with the James Ri~er to its intersection with the boundary line between Chesterfield County and C~arles city COunty; thence along the boundary line between Chesterfield County and Charles City County, the City cf 92-382 5/13/92 Hopewell, and Prince George County ts itc intersection with U.S. Interstate 295; thence northwardly along the center line of U.S.Int~etata 295 to it~ inter~ectlon with Enon Church Roa~ (State Route 746); thence westwardly along the center line of Rnon Church Road (State Route 746) ~o its intermection with tho Seaboard Airline Railroad right-of-way; thence northwardly and westwardly along the center li~e Of oaid right-of-way to its intersection with the Seabsard Coast Line Railroad right-of-way; thence weetwardly along the center line of ~his right-of-way to its intersection with Ra~blewood Drive line of Ramblewood Drive (State Route 617) to its intersection with R~el Ridge Road (State Route 109~)~ thence westwardly along the canter line of Rebel Ridge Road (State Route 1093} to its intersection with Walthall Drive (S~a~e RO~c ~ogo); thence seuthwa~dly along thc center line of Walthall Drive (state Route 1O~) ~O its in~orssotlon with Quarterpath Lane (Stute Routs 1089); thence westwardly along the center line of Q~ar~erpath Lane (State Routs 1089) to its intersection with Green Fo~e~t Drive (State Route 1056)$ Dhencs scuthwardly along the center line sf Green Foreet Drive (State Route 1086) to its intersection with Spring Valley Road (Stats Route ~91); thence eastwardl~ along the center line of spring Valley Road (State Route 891) to its intersection with Waltha11 Drive (state Route 1090); thence southeastwardly along the Center line oX Walthmll Drive (State Routs 1090) to its intersection with Ruffin ~ill Road (State Route 746); thence eouthwestwardly along the canter line of Ruffle ~ill Road (State Ro~tc 746) ts its intersectisn with Ashton Creek; westwardly to its intereection with Woods ~dge Roa~ (Stats Route 620); thence southwestwardly along the canter line of Woods Edge Road (State Route 620) to it~ intersactlon with U.S. Interstate 95 (Richmond-Petareburg Turnpike); thence northwardly along the center llne of U-S. Intsrstate 95 (Richmond-Petersburg Turnpike) ta its intersection with Proctor's Creek; thence eastwardly along th~ cemter line of ~rsctor's creek to its intersection with the bo%lndary line betwemn Henrico County and Chesterfield ¢O%n~y, the point and place o~ beginning. The voting place for Enen Voting P~e¢inct shall be ~non Fire Depa~ment, 1920 E, H~ndr~d Road. NORTH C~ESTER VOTING PP~CINCT: Beginning at ths point whmre the oentmr ~ne of Prootorls Creak inter,acts the center line of U.S. Inter,tare 9S (Richmond-Petersburg Turnpike); thanes runnin~ southwardly along the center line of U.S. Interstate 9~ (Richmond- ~t~r~hurg Turnpike) to its int~rsmcticn wi=h Wast ~u~red Road (State Route 10); thence in a ws~tw~r~!y direction along the center line o~ Wmst ~undred Road (State Rsute 1~) to its intersection with Old Centralia Road (Stats Route 609)~ thence northwardly along old Centralia Road (State Route ~09) to its intersection with Centralie Road (State Routs 7~7); thence wmstwerdly along the center ling Of Centralia Road (State Route 717, continuing as State Route 14S) tO its inter=motion with t~e Seabsard Coast Line Railroad right-of-way; thence northwardly along the center llne of such right-of-way to its intersection with Proctor's Creek; thence eastwardly along the centsr line of Proctor'~ Cr~k to its int~rsmcticn with U.S. Interstate 95 (Richmond-Petere~urg Turnpike), %he point and place of beginning. The voting place for ths North chester voting Precinct ehall be Thomas Dale High School, 3626 Wemt Rundr~d Road. e o o 92-3~3 5/13/92 Beginning at the point where the center line of Iron B~idqe Read (State Route 10) inter~ects with the center line Of Branders ~ridge Road (state Route 625)~ t~cnce southwardly along the center line of Brander~ Bridge R0a~ (State Route 625) to its intersection with Happy Hill Road (state Route 619); thence eastwardly aleng the center line of Happy Rill Road (State Route 619) to its intersection with Rarrowgate Road (State Route 144); thence northwardly along ~he line of Harrowgate Road (State Route 144) to itz intersection with Ashton Creek; thence eastwardly along the center line of Railroad right-of-way; thence scutheastwardly along the linc of said right-of-way to it~ intersection with an unnamed branch of Ashtcn Creek; thence nerthwestwardly along said unneeded h~anch to its intersection with Happy Hill Road (~tate Route 619); thence southwardly along the center line of Happy Hill Road (State Route S19) to its intersection with U.S. Route 1/301 (JeXferson Davis Highway)~ thence sou=hwardly along the center line of U.S. Route 1/301 (Jefferson Davit Highway) to its intersection wit~ Tineberry Creek; thence Virginia Power Company easement; thence ~outhwardly along the center line of said easement to ~ts intersection w~th Swift Creek; thence following the center line of Swift Creek outfall of Lake Dale; thence northwardly along the center line of Lake Dale to its intersection with Lewis Read (State Route 63~); thence northwardly along the center line of Lewis Road (State Route 632) to its intersection with Iron Bridge Road (State Route 10); thence eastwardly along Iron Hri~gs Road (State Route 10) to it~ interdiction with Branders B~idge Road {State Route 62~), the point and place cf beginning. ~c voting place for wells Voting Precinct shall bm C. C. Commencing at t_he point where the center line of Iron Centra~ia Road (State Route 14~); thence proceeding eastwardly continuiDg as State Route 717) to its intersection with Old Centralia Road (State Route 609); thence southwardly along the center lin~ of Old Centralie Road (State Route 609) to its inter, action with West Hundred Road (state Route 10); thence wcstwardly along the center line of West ~undre~ Road (state Route 10) to its intersection with Harrowqate Road (state Route 144); thence southwardly along the center line o~ Harrowgate Road (state Route 144) to it~ inte=eeotien Happy Hill Road (State Route 61~); thence wsstwardly along :he center line of Happy Hill Road (State RoUte 619) to its intersection with ~randers Bridge Road (state Rou~e Bridge Road (State Route 625) to its intersection with Iron Bridge Road (State Route lO); thence we~twardly and northwardly along the center line of iron ~ridge Read (State Re~te 10) to its intersection .with Centralia Road (State Route 145), the point and place of beginning. Beginning at the point where the center line of Interstate 295 interscuhs with the boundary line betweem Chesterfield County and Prince George County: northwardly along the center line of U.S. Interstate 29B to its intersection with Enon Church Road (stats Route 746)~ Road (State Routs 746) to its intersection with the Seaboard Air Line Railroad right-of-way; thence northwardly and westwardly along said righ%-0f-way to its intersection with the Seaboard Coast Line Railroad right-of-way; thence westwardly along this right-of-way to its intersection with Ramblewood Drive (State Route 617); thence $cutheastwardly along the center line of Ramblewood Drive (State Route 617) to its intersection with Rebel Ridge Road (State Route thence westwerdly along the center line of Rebel Ridge Road (State Route 1093) to its intersection with Walthell Drive (State Route 1090); thence southwardly alomg the Center 1ins of Wa1~ha11 Drive (Stet~ Routs 1090) to its intersection with Quarte~-~ath Lane (state Routu 1089): thence westwardly along the center 1ins of Quarterpa=h Lane (state Route 1089) to its intersection with Green Forest Drive (State Route thence southwardly along the center line of Green Forest Drive (State Route 1086) to its interm~ctio~ with Spring Valley Road (S~ata Route 891)~ thence eastwardly along the Center line of Spring Valley Road (State Route S~i} to its interseo=ion with along the center line of Walthall Drive (State Route 10~0} to its intersection witch Rnffin Mill Road (state Route th=ncc southwestwardly along =he center llne of Ruffin Mill thence along the center line of Ashtcn Creak as it msandsrs eastwardly to its intersection with Woods Edge Road (State Route 6R0); thence ~outhwe~twardly ~long the csntsr line ef Woods Edge Road (State Route 620) to its intersectiOR with U.~. Inter.tare 9~ (Richmond-Petersburg Turnpike); thence southwardly along the Center line of U.S. interstate (Riohmond-~etersburg Turnpike) to its inter.cotton With Swift Creek, which acts as the boundary line between Chesterfield County an~ t_he city o£ Colonial Heights; thence atcnq said the boundary between Chesterfield county and Prince George CathY=y; thunce along this boundary to its intersection with U.S. Interstate 29S, the point and place of he~inn~ng. The voting place for Point of Rocks Votln~ Precinct ~hall be the Maintenance Building at ~oint of Rocks Park, 201 Point DALE PIAGISTERIAL DISTRICT SALEM CHURGH VOTING PRECINCT: Beginning at the point where the center line of con=talin Road (State Route 14~) intersects t_hs center line of the Seaboard Coast Line Railroad right-of-way; thence northwardly along the center line of said right-of-way to its inter,et=ion with Kingsland Road (State Route 611) ~ thence westwardly along the Qent~r llne of Kingsland Road (state ROUte 611) to its ~ntersection with Salem Church Road (State Route 642)~ thanes eouthwardly along the csnter line of Salem Church Road (state Rout~ 642) to its intersection with Old War.on Drive (State Route 190~)! ~hence eastwardly along the center line of War, on Drive (State Route 190~) to its intersection with Thornlngten Drive (State Routo 829); thence eastwardly slong the center line of Thorning~on Drive (State Route 82~) to intersection with Shiloh Drive (state Rcut~ 750); thence southwardly along th~ cea=er line Of Shiloh Drive (state Route 75G) to it~ inter~ection with con=talin Road (Stat~ Routs 145); thence eastwardly along the csnter line cf Centrelia Road (State Route t45) to its intersection with the Seaboard Coe~t Line Railroad right-of-way, =ho point and place of beginning. 5/13/92 T~e voting place for Salem Church voting Precinct shall bm galem Church Middle School, 9700 gale~ Church Road. GATES VOTING PRECINCT: Comnencing at the point where the center line of Sale~ Church Roa~ (State Route 642) intersects with the center line of a creek known aa Great Branch; thence alonq the center line of Great Branch as it m~ander~ westwar~ly to its inter~sctien with Krause Road (State Ro~te 902); thence horthwardly along the oenter line of Krause Road (State Route 903) to its ihterseetion with Courthouse Road (State Route 2599); thence westwardly along the center line of ce~rtheuse Read (state Route 2099) to its intersection with Iron Bridge Road (State Route lQ); thence southwardly and westwardly along the center line cf Iron Bridge Road (State Route 10) to its intersection wi~h Csntralia Road (State Route 145); thence eastwardly along the center line of Centralia Road (State Route 14S) to its intersection with Shiloh Dr~ve (State Route 750); thence northwardly along the center line of Shiloh Drive (State Route 750) to its intersection with Thorningten Drive (State Route $29)~ thence weatwardly along the center llne of Thornington Drive (State Route 829) to its intersection with Old WatSOn Drive (S~ate Route 1905); thence westwar~ly along the center line of Old War.on Drive (State Route 1905) to its intersection with Salem Church ~ead (s~ate Route 642); thence eouthwestwardly along the center line of Salem Church Road (Sta~ Rou~e 642) to it~ intersection with Great Branch, the point and place of beginning. The voting place for Gate~ Voting Precinct ~hall be 0. B. Gates ~lemen~a=y school, lOOOl Courthouse Road. ~ATOAGA MAGISTERIAL DIS~RICT ETTRICK VOTING PRECINCT: Beginning at the point where the center line of Oldtcwn Creek ~nter~cts the Do.defy li~e be%were Chesterfield County and the C~ty of Colonial Heights; thence along the center line of Oldtown Creek as it meanders in a southwes~wardly ~irectien to its 9oint of intersection with the virginia ~ow~r Company easement; thence ~outhwardly ~long the center 1lee cf said easement to its intersection with the Appom~ttox River, which iS %he beun~ry line between chesterfield County and the city of Petersburq; thence eastwardly along said boundary line e~ it folluws the A~emattox River ~o its intersection wit/l ~he boundary line between Chesterfield County amd the City of colonlal aeigh%s; ~he point eno Diane cf beginning. The vo~in~ ~lace for Ettrick Voting Preninct shall be Ett~iok Elementary School, 2091Q Chesterfield Avenue. MATOACJ~ VOTING PRECINCT: Beqinning at the point where the center line of the Appomattox River inter~ect~ th~ center line of the Virginia Power Conpany easement; thence northwardly along ~a{d easement to its inter~ectlon with Oldto~ Cree~; ~enc~ we~tw~rdly along the center l~ne of Oldtown Creek to its intersect~en with Rickety Road (~tate Route 628)~ thence westward!y along the center line of Hickory Road (State Route 628) to its intersection with Graves Road (S~ate Route 630); thence southwestwardly along the cente~ line of Grsves Read (State Route 630) to its intersection with River Roa~ (State Reu=e 60~); thence leaving the canter line of River Road (State Route 602) in a straight line On a conrac due southwest to the boundary line between Chesterfield County and Dinwlddi~ wirginia Power company~ easement, the point und place of beginning. The voting place for Ma%oaca Voting ~re¢inot ehall be Katoaea Fi~e Depa~ament, ZlSO0 Pickett Avenue. WINFREE'S ~TOP~ VOTIN~ PRECINCT: Beginning at the point where t~e center line of Woodpecke~ Road (State Romte 6~6) inter,acre the center of Sandy Ford Road (State R~u~e 6~9); thence s~uthward!y along the center line of sandy FoMd Road (State Route 669) to its intersection with Hickory Road [state Routm ~26); thence weetwardly along the center line of Hickory Road (State Route 628) to it~ inter,cation with Graves Roa~ (SUate Route 630); thence southwextwardly along the center line of ~rav~ RO~d (State Route ~3o) ~o its ~n=er~ction with River Road (State Route 36); th~ne~ l~aving the center line of River Road in a ~traight line on a cours~ due southwest 'to the bo~dary line betwee~ Chesterfield County and Dinwiddie County; then=e wemtwardly alon~ such boundary line to its ~nter~ection the western line cf Nooning Creek, as $~ooded by ~ke Chesdi~7 t~en no~Rwardly along ~e western line of Nooning Creek flooded by L~ke Che~din, an~ continuing along the cen~r line of ~ooning Creek %o the sou~arn te~inus of Second Branch Road (~tate Route 65]); thence no~hwardly along ~e center li~e of Second Branch Road (Sta=e Route 653) to along ~e c~nte~ line of SeCond 5runch as it meanders in Route 636); thence northwardly along the center line of Nosh ~oa~ (state Route 636) to its inter~m~tlon with Woodpecker Roa~ (state Route 6Z6); ~ence so~theastwardly along the center line of Woodpeo~er Road (state Route 626) to its intersection with a creek known as Second Bra~Ch; then¢~ northwar41y along ~he center l~ne of Second Branch to intersection w~th Licking Creek; thence southeastw~r~ly along ~e oenter line of Licking C~eek to its inter~e~t~on with Swift Creak; thence ~outhaastwardly along the center llne of (State Route 631); thence southwardly along the center line of Bradlmy Bridge Road (State Route 631) ts ~tm intersection wi~ Woodpecker Road (~tate Route 626); thenc~ southea~twardly along the center l~ne of Woodpecker Road (stat~ Route 626} to it~ intersection with Sandy Ford Road (State Route 669), point and place of beginning. shall be Phill~pE Volunteer Fire D~partment, 10630 River BEAC~ VOTING Road (State Route 655) inters%cra the center llne of Iron its intersection wi~ Lewi~ Road (State Route 6~2); · outhwa~ly alo~ the center liue Of ~wi~ Road (State ~oUthW~StWardly along the center lln= of Lake Dale to its out,all at Swift Creek; thence ~outhwardly ~long the line of Swift Creek to i~s inters~ctiun wlth Licking. CreW; thence nor~westwardly along the center line of Licking Branch to it~ intersection with woodpecker Road (State Route 626}; thence ~o~thwestwardly along the center li~e Of Woodpecker Road (state Route 626) ~e its interse=tion wi~h Na~h Road (Stake Route 636); thence mouthwardly along the center line of Nosh Road (State Route 636) to its intersection with Second Branch; thence following along the center line of Second Branch as it meanders westwardly to itm intermection with Second Branch Road (State Route 653); thence northwardly along the center line of Second Branch Road (State Route 653) to its intersection with Beach Read (state Route 655); thence eastwardly &long the cente~ line of Beach Road (State Route 655) to its intersection wi=h Qualla Road (State Route 653); t/%ence nOrthWardly along the center line of Quells Road (State Route 6S3) to its intersection with swift Creek; thence eastwardly along the center lln~ of Swift Creek as it meanders to its intersection with Bea=h Road (State Route 655) thence northeastwardly along the =enter linc of Beach Road (State Route 655) to its intersection with Iron Bridge Road (State Route 10), the point and place of beginning. The voting place for ~eaoh voting ~reoinct shall be the Beach Community Grange Building, 11401 Bundle Road (Route W~T~R~Q¢~ VOTING PRECINCT: Beginning at the point where the center llne o£ U.S. Rents 360 (Hull Street Road) intersects tho boundary line between Chesterfield Cuunty and Ammlim County as said follow~ the Appomattox Rive~ in a seuthaastwsrdly direction to its interae=tion with the western I~ne of Noonlng Creek as flooded by Lake Chssdin; thence northwardly along the western 1ina of Nooning creek and th~n along the center llne of Nooning Creek; thence continuing northwardly leaving Nooning Creek to the southern te~minu~ of Second Branch Road (State Route 6~3) t thence northwardly along the center line of Second Branch Road (Stets Route 853) to its inter~ection with Beach Road (State Route 6~5); thence eastwardly along the center line of Beach Road (state Route 555) to its intersection with Quall~ Road (State Route 653); thence northwardly along the center line of Quells Road (state Route 653) to its intersection with Spring Run Road (state Route 6~4); thence westwardly along the center line of Spring Run Road (State Route 654) to its intersection with North spring Run Road (state Route 662]; thence northwardly along the center line of North spring Run Road ($~ats Route 66Z) to its intersection with U.S~ Route 360 (Hull Street Road); thence proceeding westwardly along ~he center li~e Of U.S. Route 360 (Hull Street Road) to its intersection with the boundary line between Chesterfield County end Amelia County, the point and place of beginning. The voting place for Winterpock Voting Precinct shall be Win=erpook Recreation Aeeo¢iation~ 14411 Beach Road. BAILEY BRIDGE VOTING PRECINCT: Commencing at the point where the center line of U.S. Route 36O (Null Street Road) intersects with North Spring Run Road (State Route 662); the~ee SOUthwurdly along the center line of North spring Run Road (state Route 662) to its inter,es=ion with Spring Run Road (State Route 6~4); thence eastwardly along the oen~er line of spring Run Road (State Route 654) to its inter~ection with Quells Road (State Route 6~$)~ thence nertheae~wardly along the =enter llne o~ Quells Road (State Route 653) to its intersection with Swift Creek; thence following Swift Creek as it meanders in a we~twerdly direction to its intersection with U.S. Route ~60 (Hull Street Ro~d)~ thence westwardly along U.S. Route 360 (Roll Street Road) to its intersection with North Spring RUn Road (State Route 662), the point and place of hsg~nnlng. ~/13/92 The voting place for Bailey Brld~ V~ting Precinct shall be Bailey Bridge Middle Schoolw 12501 Ba~ley Bridge Road. CLOVER HILL ~AGISTERIAL DISTRICT GENITO VOTING PRECINCT: Beginning at the point where the center line of Powhite Parkway (~tate Route 76) intersects the center line of Courthouse Road (State Rout= 65]): thence southwardly along the center llne of Courthouse Road (state Route 663) tO its intersection with U.S. Routs 360 (Hull Street Road); sout--hwes%wardly along the center line of U.S. Route 360 Street Road) to its inter~otion With S. old Hundred Read (State Route 652); thence northwardly along the center line of S. Old ~undr~d Road (State Route 652) until it intersects with Coalfield Road (State Route 751); thence northwardly along the center line of Coalfield Road (State Route 7~1) to ±nterssot~on with 01d H~ndrcd Road (State Route 652); thence northwestwardly along the center line of old Hundred Road (state Route 652) to it~ i~tersaction ~ith Powhite (State Route 76); thence eastwardly along the center line of Pow~ite Parkway (State Route 76) to it~ intersection with Courthouse Road (State Route 553), the point and place of beginning. The voting place for ~e~it0 Voting Precinct shall be Providence Blementary Suhccl~ 11001 W. Pr0viden~e Road. BRAND--ILL VOTING PRECINCT: ~eginning at the point w~ere the center line of Old ~undr~d Road (State Route 652) intersects the center llne of Little Tomahawk Creek; thence along said creek a~ it southwardly to its intersection with Genito ~oad (state ~04)~ thence eastwardly along the center line of senito Road (State Route 60a) to its intersection with S. old Hundred Read (state Route 652); thence northwardly along the center line of ~. Old ~undred Road (State Route 65l) te its intersection with Coalf~eld Road (Stat~ Route 751); thence northwardly along the center line of Coalfield Road (Stats Route 751] to its intersection with Old Hu_~dred Read (state ROUte 6S~); th~oe in a westwardly directlon along the center line of Old Hundred Road (State Route 652) to its inter,action with Little Xeaahawk Creek, the point and ~laua of beginnlng. The voting place ~er ~randerm~ll Voting Precinct shall be Swift Creek Blementary School, 13S00 Genito Road. F=%NCHESTER VOTING PRECINCT: Commencing at the point wh~re the center line oS U.S. ~oute 36Q (Hull street Road) intersects the center line cf the Commonwealth Natural Gan Pipeline easement; =~enee sonth~ardly alon~ the oent~ li~e of said easement to its southwest~ardly along the center line of B~lmont Reed (State Route 6~1) to it~ intersection with Falling Creek; thence northwe~twardly along the center line of Falling Creek tQ intersection with U.S. Route ~60 (~ull street Road); thence proceeding northeastwa~dly along the center lin~ Of U.S. Route ~60 (Hull Street Road) to it~ intersection with the Commonwealth Natural Gas Pipelin~ easement, the point and place cf beginning. The voting place for Manchester Voting Precinct shall be Manchester ~iddle School, 7401 Hull Street Road. 92-389 KIDLOTHIAN MAgiStERIAL DISTRICT BEAUFONT VOTING PRECINCT: Beginning at the intersection of the center line of U.S. Route SO (Midlothian Turnpike) with the boundary llne betwesn Cheoterfield County end the City of Richmond: thence northwardly and along such boundary line to its intersection with P0W~ite Creek; thence eastwardly alonq said creek to its intersection with ~owhita Parkway (State Route 7~)~ then=s southwestwardly along the center line of Powhite Parkway (State Route 75) to its intersection with Bu£ord Road (State Route 678); ~_hence southwardly along the center llne of Buford (Zidlothian Turnpike); thence eastwardly along the center line of U.~. Route 60 {Midlothian Turnpiae} to t~e point and place cf beginning. chesterfield Villm~e Clubhouse, 211 Linqotorm Lane. Vote: Unanimous i~.F. TO CONSIDE~A~ENDINGTHE ZONING O~DINANC~ I~E~qTI~E TO ELIMINATING INCONSISTENCIES BETWEE~ CHAPTERS 21 AND A~¥~I~ING SIGN STANDARD~ Mr. Peele stated this date and time had bssm advertised for a p~blio hearing to consider amending the Zoning Ordinance relative to eliminating in~ansistencle~ between C~aptera 21 and 21.1 and clarifying wording in Chapter 2~.1 and revising stmndards. He e~re~ed ~ppreclation to thm ~e{ter Advlzory standards for the Village of ~e~ter and r~viewed the oh~nges would OQC~r Wi~ thm ac~isition of vacant land nu~h uS the Pomt Office and extension of ~a roadway. Mr. Warren returned to the meeting. streetscaping sign standards, village entrance signs, ~idlothian ~ea Co~uni~y Plan. ~e~tmr A~vi~ory Co~ittee and were present: that the Co~ittee had re~e~t~d Eom~ ~ang~ and h~d worked 4ilig~ntly on the c~eation of the Plum; ~at ~e Plan for the Village ~eEter had be~n i~ existence fo~ a lung period of tame and s~e had been involved from ~e beginning; that she ~e amen~ent~ a~ proposed by %he Advisory c~ittee and T~e~A being mo one el~e to address this issue, 'the p~lic hearing was closed. Kr. Me, ale eta~ed he had met with staff and had reviewed the proposed amendments and expressed appreciation to Mrs. A~mstrong and Mr. Hugh ¢lins for their commitment to Chester. He further stated he was concerned as to the administrative site plan review process as there were no provisions for notice to adjacent property own~r~ an~ he felt adjacent property owners should be notified of the site plan being approved and had therefore requested staff to amend this provision requiring the applicant, with th~ assistance of stuff, to ~ke ~i~ten notification to the a~jac~nt drive-in Zaoiliti~$ b~lng p=~i%ted withou: a conditional use wi~in Chester. ~ere was brief discussion relative to the proposed o~tlln=d an~ the re,es%ed amen~ents by staff. Mr. M~ale ~d~ a motion~ seconded by Mr. Warren, for ~e Boa~ %o adopt amen~ents to the r~co~ende~ ordinanc~ which re, ire th~ applicant m~mitting a site plan a~inistrative aD,royal to Drovers written notification ~djacent property owners, to re,ire conditional use~ for all uses with ~rive-in facilities within chester an~ staff's suggested changes. ~r. Daniel recognized K~. Huqh Cline who wa~ pre~e~t ~nd Kr. Hugh Cline, re~resenting the Chester Aevi~ory ~e~ted the Board %c defer this issue in order to provide Adviso~ Co~ittee. Discussion, co~ents, and ~sst~on~ en~ued relative tu ~eferring ~is issue for thi~y day~ in ord~ to allow the changes. Mr. McHale made a motion, ~e~ond~d by Mr. Warren, for the Zoning O~inance relat~v~ to eliminating in~on~i~t~ncie~ between Chapter 21 and 21.1 and clarifying wording, in ~1.1 and revlsln~ the village development ~ta~da~d~ and OUtdoor advertising sign standards and to defer con~d~ra=~on of thi~ i~ue until June 10, 1992. to the Board, it wuuld nu~ limi~ the ~lexi~illty of the ~ard ~n rendering a d~ision. ~. Dahiel called for the vote on the motion made by Merle, seconde~ by Mr. Warren, for the Board to close the p~lic hearing to CQnsider amending th~ ~oning relative to eliminating inconsistencies between Chapter Zl and 21.1 and clarifying wording in Chapter 2LI and revising v~llage detainment standards and outdoo~ advertising sign standards and to defer consideration of this issue until June 10, 1992. Vote: Unanlmou~ I~.G. TO CONSID~ AN Ol~Ol~cI~ TO A~END C'HA~rF~K 2'1, ARTI~.R Nr. Jacobson stated thim date and time had been advertised for a public hearing to consldsr an o~dinance to amend Chapte~ 21, 92-391 ~/1319Z Article XXII% Division 2, of the Code of the County of Chesterfield, 1~?~, as amended, r~lating to historio distriote and landmarks, He further stated if adopted, the ordinance would eliminate the r¢~trictlsn on the number of te~ms a member of the Preservation Committee may ~erv~. Me noted the Planning commission and staff recommended approval. NO one came forward to ~peak in favor of or agsinst the ordinance. On motion of Mr. Colbert, ~e~0~dp~ by ~r. warren, the soard adop~d the following ordinanoe: ~%N ORDIN~2qCE TO ~4END CPIA~rER 21~ ARTICLE XXIII A~D C~A~TER 21.1, ARTICLE III, DIVISION 2, OF THE BE IT ORDAIneD by the Beard of Supervleors of Chesterfield County: (1} That Section ~5-10~ through 21-~14 are hereby (2} That Section 21-201 of the Code of the County of Che~t~rfiel4, ~975, as amende~, is amended and reenacted as follows: Sas. 21-201. Desi~ation of Historio Districts. Th~ process for establishing Historic Districts and Lan~mark~ for property that is classified into zoning di~tri=ts pursuant to chapter 21 shall be governed by A~icle III, Divtsi'on 2 of Chapter 21.1. (3) That Sectlen 21.1-25 of the Coda of the County of follows: Sec. 21.1-2~ Creation of Premervatien committee For the purposes of assisting in the administration of the provision~ of thi~ Division, there i~ hereby created a Pre,el*ration Committee. Such Committee shall be composed of =even ~ember~ appointed by tho Board of Supervisors. At lea~t one (1) member shall be an aro~itect or landscape architect, one (1} member shall be a contractor, one (1) member shall bo a representative of a local historical ~ec~ty and on~ (1) membe~ shall be a person with professlenal expertise or training in the field of historic p~ese~vatiun and historic appointed fo~ three year terms. STR~mr. LOCK~A~DT AND ~%T..CKS. ROAD~ TO 'r~ ~. Sale stated thi~ ~atm an~ ti~e ~ad be~n adv~rtise~ for a public hearing to consider the conveyanco of rightm-o~-way along Hull s~re~t, ~o~ard~ and Hioks Roads to the Vi~inla Depa~ent of Trannpo~ation. conveyance was for road improvements at the ~Prade Branch Libra~ and ~anch~ter ~igh School. 5/13/92 On motion of Mr. Warren~ seconded by Mr. Colbert, the Boa~d approved the conveyance of rights-of-way and temporary Manchester High School for the ssn~ideratien of $41,159.~4 te the Virginia Department of Transportation for road improvements along Bull Street, Lockhardt and Bicks Reads and authorized the County Adhinistrator to execute the necessary optlons and the chairman o5 the seard and county Administrator to execute the necessary deeds upon approval by the County Attorn=y. APPROPR/ATE $15.000.U00 IN ~O~ ANTICIPATION Mr. Stegmaier stated this date and time had been advertised for a public hearing tc consider an amendment to the F¥91-92 Budget te appropriate $1~,000,000 in Bend Antlclpat~on Wote~ for the COUrt,orion of ~chcol capital improvements. He further stated staff had received favorable bids and, therefore, were requesting the Board to approprlate bond proceeds and ~ntersst earnings from the ~ale of the Bonds. Ther~ was no one present to address this i~sue. T~ere wa~ brief discussion relative to the County ~elling the Bonds in November; the rate being approxlmct¢ly five percent; ~nd The rate for lo~g-torm bonds. On me, ion of Mr. Barber, ~e~onded by Mr. Colbert,. the Board appropriated Bond Anti¢ipatlon Note proceeds o~ $15~000,000 end appropriated anticipated interest earnings of $192,000 for School capital projects and issuance costs of upprex~metely $~0~80; and authorized the C0~ty Administrator to accept the proposal form the lowest bidder =o purohase $15,000,000 in Bend A~tisipation N~tes for a rote not to exceed 5.00 percent~ Vote~ Unanimous 1§.~. TO O0/~ID~A~AMENDMENTTO'i'm~FYgl--92 5~(~ETTO Mr. Ha~or stated %his date and time had been advertised for a public h~aring to consider an amendment to th~ ~Y91-92 Budget to a~ro~riu~e bond proceeds and int~r~t earnings in the amount of $21~760,~19 for the r~financlng of Water an~ Sewer Revenue Bonds, Series 1985A, i~ued fo~ th~ const~ction of Utilities capital improvements. ~e further stated =tail ~e~esting the appropriation of bond proceeds and interent April There was no one present to address this issue. O~ ~OtiOn of ~. NCHale, seconded by Mr, Colbert, th~ Board appropriated bend proceeds of $19,731,300, .aoc~ed interest refund the Water and Sewer Refunding Bonds, seriez 1985A and 5/13/92 On motion of Mr. Barber, seconded by ~r. Colbez-~ the Board ~u~De~ded its r~le~ t~.amend the agenda to add Item Set Date for a Public Hearing to Consider the Appropriation of Proceeds from Refunding t988 Water and Sewer Refunding Bonds and Authorization for the County Administrator to Approve the Resolution of Sale. Vote: Unanimous BET DAT~ FOR A PUBLIC ~F2~9/NG TO CONSIDER ~ ~P~ONo~ ~{~E~S ~1{OI~REIqINDING 19BBI~A'rK~ Mr. Bammar stated the Refunding Bonds, series 1988~ oould be ~Cfundod due to favorable market conditions and that the County would refund $41,34~11.64 of prinoipal in Bo~d8 exchunge them in an amount n~t ~c exceed $43 million. He ~u~her state~ this transaction would save the County appro~iDately $3 million in gross saving~ ov, r the life of the Bonds and in present value saving~ approximately $1.6 million. K~ noted it would amount to a ~evlngs of approximately $150,o00 per yea~ and approximately $3 million to tho Utilities Department over ~he llfe of ~ho Bon~s. ~nere wa~ brief discussion relative to ~he s~ruoturln~ of the transaction ~ued in retirin~ and selling the Bonds. O~ ~otiOn of }tr. Barber, seconded by Mr. KcMale, the Board set the date of ~ay 27, 19~2 mt 7:00 p.m. for a public hearing to consider the appropriation of $43,000,0~0 to undertake the r~£unding sale and adopted the following authorizing the County Admini=trator to approve th~ sale to achieve a ~our De~se~ or gr~a~er present value savings: COUNTY OF CHSBTBRFIELD~ VIRGINIA FIFTH SUPPLEI~ENTAL BOND RESOLUTION AUTHORIZING AND PROVIDING FOR THE ISSUANCE~ SALE AND DELI~/ERY OF ~OT TO ~X¢~D $4$,000,OOO AGG~GATB PRINCIPAL AMOUNT OF WATER AND SEWER P~VENUE REFUNDING BONDS, SERIES I99~A, OP THS COUHTI OF CHESTERFIEr.~, VIRGINIA, 2~ND DELEGATING TO THE COUNTY ADMINISTRATOR CERTAIN W~=P~Y~%$, on July ~4, 19~5, ~e ~oard of Supervisors (t/pa "B0a~d") of the County of Chesterfield, Virginia (the "County"), adopted a resolution, ~ntitled "RESOLUTION OF THE BOARD OF SUPERVISORS OF TE~ COUNT~ OF CHESTERFIELD, VIRGINIA, AUTHORIZING TH~ ISSUANCS OF WA~ER AND SEWER P~VENUE BONDS OF THE COUNTY OF CHESTERFIELD, VIRGINIA~ AND PROVIDING FOR TNB S~CURIT¥ 0~ TH~ HOLDERS THEREOF*~ (hereinafter referred to the "Bend Re~ol~tion"), authorizing the issuance of the "County of chesterfield, Virginia, Water and Sewer Revenue Bo~d~" (hereinafter referred to a~ the "Bo~d$~); WHYS, on April 13, 1988, the Board adopted a re~olution, entitled "THIRD SUPPLEMENTAL BOND RESOLUTION AUThOriZING AND ~ROVIDING FOR TH= ISSUANCE, SALE AND DELIVERY OF $43,S?2~957.SE AGGREGATE PRINCIPAL AMD%TNT OF WATER AND ZEWRR R~U~NTJ~ REFUNDING BONDSt SERIES I~A, O~ THE ¢0%~T¥ OF Cki~ST~RFIELB, VIRGINIA" (hereinafter refaced to as the "Third ~upplemental Bond Re~elut~on"), authorizing th~ issuance of the County of Chesterfield, Virginia, Water and Sewer Revenue Bonds, Series 1985 (the "1988 Bonds"); end WHBP~EASt t~e Board has determined thut it advisable for the County to authorize the i~e~ano~, 92-394 5/13/92 delivery Of ab issue of Bonds to be issued under and pursuant to the ~oDd Re~olution in the aggregate principal amount of Chesterfield, Virginia., Water and Sewer Revenue Refunding ~ods~ series 1992A" (~ere~nsfte~ dafi~d as. the "1992A ~onds"); and WHEREAS, it is eonta~pla~ed that the proceed~ of the 1992A Bonds, tog=that with other available money~ of the County, will be ap~li=d to ref~ an~ ~efmase in advance of their ~tated maturltle~ $2?,~,173.20 aggregate a~o~ Of th~ 19S~ Bon~s maturing ~n Nov~r 1 in each of the years 1999 through 2006, both inclusive~ and on Nove~=r I, 2O10 (herelnmf%er defined a~ the "Refunded Bond~" o~ the intends to enter into an ESO~OW Deposit Agreement, dated May 1~, 1992 (hereinafter defined a~ the "~sor~w Deposit Agreement"), by a~d between the County mud Crestar Bank, Richmond, Virginia, as Esorow Agen%~ and ~AS, on ~eb~a~ 12, 1992, ~e Board adopted a re~olution, ~ntitled "A ~SOLUTION OF THE ~D OF ~UPERVI~OR$ OF TH~ COUNTY 0F CHEST=RFI=LD, VIRGINIA, APPROVING THE ~P~DING OF T~ COUNTY'S O~ST~DING WATERED ~NDS, SERIES 19SS, ~RING ON NOV~BER 1, 1999 TO 20D6~ INCLUSIVE, ~D ON NOVEMBER 1, 2~10 ~D AUTHORIZING THE COUNTY ~NIST~TOR ~D OTHER CO~TY OFFICIALS TO SEEK THE APPROVAL OF THE STATE COUNCIL ON LOCAL DEDT WI~ RESPECT TO THE iSSU~CE OF "R~NDING 80NDe~' FOR SU~ P~SE PU~U~T TO SECTION lS.I~227.46 OF THE CODE OP VIRGINIA 1950, ~b THE "GUIDE~ES FQR THE APPROVAL OF RE--DING BONDS BY T~ STATE COUNCIL ON ~CAL DEBT" A~OPT~Q ~Y THE ~T~TE COUNCIL O~ ~CAL DEBT THE~DER", approvinq ~e refundin~ of the Refunded 1988 ~nd~ in advance of their stated maturities and authorizing t~e County Administrator and other appropriate offlclaI~ the County to prgsent a plan of refunding to =~e S~a~e Council on ~oal Debt (the "state Co~oil") and to meek the approval refundin~ bo~ds p~s~a~t to Section 15.1-227.46 of the Code Virginia, 1950 (~e "Virginia Code"); aha ~AD, on ~b~ury 19, 19~2, the State Council adopted a resolution approving the issuance of ~e 1992A as "re~i~ bonds" pursuant to Section 15.1-227.46 of the Uirqinia Code; and ~EREAS, it is deeme~ advisable and in the best interemt of ~e county to delegate to ~e County Administrator certain powers with resp$ot t~ the ~mle an4 delivery of the 1992A NOW, THE~PO~, BE IT ~SOLVED BY T~ ~O OF SUP~ISORS OF T~ COUNT~ OF CKESTERFIELD, VIRGINIA: kRTICL~ I SBCTIO~ 1.1, Definitions. Unless the context shall clearly indicate soma othe~ meaning, all the words and terms nse~ in thi~ Fif~-h supplemental Bond Resolution which are defined in Artiole I of the Bond R~selu~ion shall, for the purposes of this Fifth Supplemental Bond Resolution, have tha respective meanings given to them in the Bon~ Resolution. Unless the =ontext shall ol=arly indicate some other meaning, the felloNing terms shall, for all purpo~e~ of the Bond Resolution and of any oertiflcate, resolution or other instrument amendatery thereof or supplemental theret~ (including for all purposes of this Fifth Supplemental Bond Re~olution) and for all p~rpo~es of any opinion or inmt~u~ent or other document therein mentioned, have the following meanings, with the following definitions to be equally applicable to both the singular and plural forms of suGh terms and vioe versa: "Bond Re~olution" ~hall mean th~ resolution adopted BO~D OF SUPERVISORS 0F THE COUNTY OF CHESTERFIELD, A~ORIZING THE ISSU~CE OF WATER ~D S~ER ~E ~ONDS OF ~E COWRY OF ~ESTE~IELD, VIRGINIA, A~D PROVIDING FOR Virginia, a~ ~crow Agent un4er the ~crow Deposit Agreement. Deposit A~reement, dated am of May 15, 1992, by a~d betwee~ the County and Cr~star ~ank, Richmond, vir~inla, as "Fifth S~pQlemental Bond Resolution~ shall me~ this Fifth Supplemental Bon~ Resolution. "1~92A Bon~s~ shall ~an the Bonds authorized by ~is Fifth Supplemental Bund ReEolutioR a~ issued under the Bond Resolution and ~is Ylf~ Supplemental Bond R~olution at any time Out~tan~i~g, "1956 Code" shall mean the in=ernal Revenue Code of 19S6 and the regulation~ promulgated bF the united State~ Depa~ment of the Treasury thereunder from time to time. "Refunded Bonds" or "Refunded 19%8 ~onds" shall m~an ~e ~27,558,173.20 aggregate principal a~ount of County ~e~tarf~eld, Virgi~ia, Water and sewer ~ev~ue Bonds, series 1988, maturinq on Nove~er 1, ~999 ~rough ~006, both iRcl~siv~, and on Boy,er 1, 2010. "Trustee" shall m~am Signet Trust C~Da~ (fo~erly Bank of Virginia T~st Company) as Trustee ~der the Bond Unless the conte~ shall clearly indicate Supplemental Bond Resolution to th~ Bond Re~olut~on (w~hout specifying in ~uch referenoe$ any p~icula~ m~icle section or the B~nd Re~olutlon) Ehsll be to the Bond nu~er tg this Fif~ suDpl~ntal Bond Resolution to a to the article or ~ection of that n~er of ~a Resolution, ~nd if such article or section shall hav~ been in this Fifth Supplemental Bo~d Resolution to a pa~icular shall be only to th~ article o~ section of %hat n~er of this refer to ~ Fifth S~pptum~ntaI Bond Resolution only and to ~is Fifth Supplemental Bond Resolution as a whole an~ not to ~y pa~icular urticle, section or subdivisi~n hereof; and the word~ "therein", "th~reinbefore", "thereof*~, "thereunder", o~er words of ~i~ila~ impo~t~ refer to the Bond R~olutio~ a~ a whole an~ no= =o any pa~tioular a~icl~, ~ectlon s~division thereof. 92-396 5/13/92 ARTICLE II SECTION B.1. Authorization of Issuance Of 1992A Bonds. (u) For the purposes of providing funds (i) for the deposit into the Debt service Reserve Fund held by the Trustee of the amount specified in Section ~.?(b) Of this Fifth Supplemental Bond Resolution, and (ii) for the deposit with amount specified in Section 2.?(0) Of this Fifth Supplemental Bon~ Resolutlon for application, togethsr with other available moneys Of the UoUnt~, to refund in advance of their stat'ed authorized to be issued, and shell be issued, under and sec=red by the Bond Resolution, including this Fifth Supplemental Bond Resolution, an i~ue of ~ond~ in the aggregate principal amount of not to exceed $43,000,000, to be designated as the "County of Chesterfield, Virginia, Water and Sewer Reven~e Refunding Bonds~ Series ~99~A" (her~in defined and referred to as the "1992A Bonds"). (b) The 1992A Bonds maturing on November ~ in the years 1992 through 2~02~ beth inclusive (=he "currant Bon~s"), shall be dated ss of May iS, 1992; shall be issued in fully registered fo~; shall ba in the denoninntien of $5,000 or any integral multiple thereof; and shall he numbered or lettered, or both, as shall be determined by the Trustee, which numbers or letters shall have the letter "R" ~rsfi~ed thereto. The Current Coupon Bonds shall ~ature sad ~eccme due and payable on ~cvembsr 1 in each of the years 1992 through 2002 and in the principal amounts determined by the County Administrator, an~ shall bear interest from their date at the rates per arnaum determined by the County Administrator, (o) The 1992A Bonds maturing on Novenb~r 1 in the years 2003 through 2010, both inclusive (the "Capital Appreciation Bonds"), shall h~ dated a~ of the date of their of dslivel-y, shell be issued in fully ~egist~re~ form and shall be numbered er lettered, or both, as shall be determined by the Trustee~ whlc~h nu~ers 0r letters shall have the Letter "R~' preferred thereto. The Capital Appreciation Bonds years 2005 through 2010 and in t_he principal amounts as shall be determined by the County Administrator, Ehall be of the minimum denominations and inte~ral multiples thereof and shall bear interest payable at maturity in the amounts per mini~ denomination a~ shall be determined by the County Administrator. [d} Subject to the provisions of Section 2.4 hereof, principal of each 19~2A Bond and interest on eac~l Capital Appreciation Bond shall be payable to the registered owner thereof at the prinsiDal office of the Truotae upon presentation and surrender of the 1992A Bond, and interest on each Current Coupon Bond shall he paid by the Trustee as Paying Agent for the 1992A Bonds to the reglatere~ thereo~ as shown on the books of registry maintained by the Trustee as Registrar ~or thc 1992A Bonds, as Of ~hs fifteenth (15th) day of the calendar ~onth next preceding each interest (el Subj eot to the ~roviaiona of $~otion ~. 4 hereof, the 1992A Bonds shall be eXChangeable for other 1992A Bond~ in fully regis%srsd form, all as provide~ in Se=rich 3.3 of the Bond Resolution. The 19~9A Bonds ~ay contain such variations, omissions and insertions as are incidental to such differences in their number~, denominations and forms. 92-397 (f) The Trustee is hereby appointed as the Registrar and the Paylnq Agent far the 1992A Bonds. SECTION ~.~. Rccret~d Value for Capital APPreciation Bonds. The Acoreted Value for each capital Appreciation Bond shall be the original principal amd%mt of each Capital Appreciatisn Bond maturing on Novm~ber 1 in each of the years 200~ through 20%0, both ioclusive, together with interest thereon oompmunded ~emiannually. The Accreted Value shall be, as o~ any date cf com~utation, an ~ulount eoB/al to the sum of th~ principal amount of such capital Appreciation Bond and the interest accrued on ouch Capital Appr~Gtation Bond fro~ its dated date to the May 1 or November 1 immediately preceding the date o~ computation or the da~e of computation if a May i er November 1. Such interest ~hall accrue at the rate ~er annum based on the yield st which the Ca~ital Appreciation Bond~ were initially offered to the public compounded on November 1, 1992 and ssmlannually thereafter on May I or November i of each year, plus, with respeo~ to paYment upon redemption of the capital Appreciation Bonds, if such date of computation shall not be m May i or New--ar 1, a portion of the difference between the Aecreted Value as of the i~umedlately preceding ~ay 1 or November i and the Aocreted Value as of the immediately succeeding May ] or November 1 calculated ba~d upo~ a~ assuJaptlcm that AcQr~ted Valne accrues dur~n~ any ~em{annual period in e~lal daily amo~nt~ OD the basis cf a ~60-day year. S~CTION 2.3. Redeeution cf 1992A Bonds. The 1992A Bond~ shall not be subject to redemption prior to their stated maturities. SBCTIQN 2.4. =xecutlon and For~ of 1992A Bonds; Book-Entl~Y-O~lv Svote~. (a} Th~ 199~A B~nds shall be executed and authenticated in the manner and with the effect ~et forth in Section 3.10 of th~ Bond R~olution. (b) The ~99~a Bonds shall be issuable in the form, denominations and maturities and w~th the ~ntoreot rate~ and redemption provisions specified in Section 2.1 of thi~ Fifth Supplemental Bond Re~olutlon. (~) CUSIP identification numbers shall be printed on the 199~A Bonds, but such numbers shall no= be deemed to be a part of the 1992A Bond~ c~ a pa~t Of the contract evidenced thereby and no llsbillty shall hereafter attach tn the County or any of the effioe~e o~ agents thereof because of or on aceoun~ of ~uch CUSIP identification numbers. (d) The 1992A Bonds shall be issued, upon initial i~uance~ in fully registered form and reqiztered in the name Yorkt N~w York ("DTC"), a~ rsgistersd owner of the 1992A Bonds, and immobilized in =he 0ustody of DTG. one fully regi~ere~ 1992A Bond for the p~ineipal amount of each maturity shall be registered ~o cede & co. Beneficial owners of 1992A Band~ ~all ~Ot r~ceive physical delivery of 1992A BOnd~. Individual purchases uS ~992A Bonds may be made ~n book-entry form only in principal amounts of $5,000 and integral multiples t--hereof. Principal, premium, ~f any, and interest payments on the 1992A Bonds shall be made to DTC or its nominee as registered owner cZ =uoh 1992A Bondo cn the applicable puyment date. Transfers of prlnclpal, premium, if any, and inter, st payments to the Darticipamts of DTC, which include securities brokers and dealer~, bank~, tr~st companies, clearing corDara~i0ns and certain other organlzatAons (the "Participants") ~hall b~ the re~p0nsibility cf DTC. Transfers of principal, premium, if any, and interest payments to beneficial own~r~ of the ~992A Bonds by the Participants is the responsibility of the Participants and other nominees of ~uch b~na~iclal uwner~. The Trumtee shall notify DTC of any as supplemented by this Fifth Supplemental Bond Resolutionw not less than fifteen (i5) calendar da~s prior to ~he date upon which such notiae is required to be given; provided that the failure to provide such notice to DTC shall not invslid&te Transfers of ownership interests in the 1992A Bonds shall be made by DTC and its Part~clpants, acting as nominees of the beneficial owners of the 199~A Bolds, i~ accordance with r~tes specified by OTC and it~ Participants. The Trustee ~akee ~0 assurances that DTC, its Participants er ot~er (el Replacement 199~A Bonds (the "Replace~emt 199~A Bends") shall be issued directly to beneficial owners of 1992A (ii DTC datermlnes not to continue to securities depository for the 1992A Bonds; or (ii} The Trustee has advised DTC of it~ d~tie~; or (iii) The Trustee has determined that it is in Bondm not to continue the book-entry syste~ of transSsr. Upon occurren~ Of the events described in clause (i) or ~ea~rities d~pesitory. ~f the Trustee fails to locate another qualified ~ecuri=ies depository to repluce DTC, the Trustee shall execute and deliver Replacemenh 1992A Bonds stt~stantially in the appropriate forms set forth in Exhibit A and Exhibit B attached hereto %o the Pmrticipants. In the event the Trustee ~ake~ the determination noted i~ Ola~$e (ii) cr (iii) above (the Truste~ undertakes no obligation to make any investigation to determine the ooourr~nc~ of any events that would permit Lhe Trustee tn make any ~uch determination] and ham made provisions to notify ~hs beneficial owners of 1992A Bends by mailing an appropriate notice to DTC, the Trustee shall execute a~ d~liver Replacement I~gZA ~onds s~bstamti=lly in the appropriate forms set forth in Exhibit A and ~xhibit B ~t~ached hereto to any Participants making a be entitled to rely on th~ ree0rd$ provided by DTC as to the Participants entitled to receive Replacement Prlnc~pal of a~d premium, if any, and interest on the Replacement 1992A Bonds shall ~e payable as provided in be transferable and exchangeable in accordance with Sections 3.3 through 3.6, inclusive, of th~ Bomd R~solution. SECTION ~.5. Approval of Form of Escrow Aureemen~ an~ Tsrms~ Conditlen~ and P~ovi~ions Thereof; ~pp~intment...pf Esorow Auent; Authorization of for gLGS; nesiqnation of Refunded Bonds for Redemption. (a) filed with the minutes 0£ ~h~ meeting o~ the Bo~rd at which this Fift~ $~pplemental Bond Resolution i~ being adopted, a copy of the £or~ of which is a~taohed to this Fifth Supplemental Bond Resolution a~ ~xhibit C, and the terms, 5/13/92 conditions and provisions thereof, ars hereby approved, ratified and confirmed by the Board, and the Administrator end the Deputy County Ad~i~istzatOr, or either of them, is hereby authorized and directed to execute and deliver to the Escrow Agent the Escrow Deposit Agreement in such fo~, together with suet changes as shall be approved by the County Administrator and the Deputy County Administrator, or either of them, upon the advice of counsel (includinq the Connty Attorney and Bond Counsel}, such a~reval ta be conclusively evidenced by their execution thereof. Th~ Trustee is hereby authorized an~ directed to withdraw fram the Debt Service Fund and the Debt Service Re~r~= Fund and to transfer to %he Escrow 'Agent for deposit into =he Deposit Fund the amounts required to be deposited therein from sources other than prooeed~ of the 199~A ~onds. (b) T~e appointment of Crestar Bank as Escrow Agent ~nde~ the Escrow Depomit Trust Agreement is hereby approved, ratified and confirmed by the Beard. (c) T~e County Administrator and the Deputy County Administrator, or either of them, are hereby authorized to s~ecute, on behalf of the County~ s~b~ariptiobs fop U~ited States Treasury Obligations State and Local Government series~ if suc~% are to be p~rehased by the Emcrow Agent from moneys deposited in the 1§9~A Escrow Deposit Pund oree~e4 and established under the Escrow Deposit Agreement. Any United States Trpasury 0bliqations purchased from aoneys depasitsd in t~e 1992A Escrow Deposit Fund shell be held by the Escrow Agent under and in accordance with the provisions of ~he Escrow Deposit Agreement. The Co~nhy A~anlnistrator and the Deputy County Administrator, or either of %hem, are hereby authorized to execute, on behalf of the C0~ty, the instrtt~ents ~equire~ to be exe=uted on behalf of the County in connection with the other investments contemplated by the Escrow DeCo,it Agreement. (d) Tbs Board hereby dee~gnetss the Refunded 1988 Bonds for red~ptioB O~ November 1, 199~ in accordance with the provisions of section 8(b) cf the Escrow Deposit Agreement. $~CTI0~ 2.6. Offlclal Statement; Certificate Conce~n~mc~_~fficial Statement; Ratification; ~ale of Bonds. (a) The Chairman of the Board of SuDerv{sere and the Ccnnty Administrator are hereby authorized and directed to execute and d~liver to the purahaeers of the 1992A Bonds an official Statement of the County, relating to the 199RA Bonds (the "O~£icial Statement"), in su3ostantially the form sf the Preliminary official Statement, presented to the ~eeting of the ~card ab which this Fifth Supplemental Bond Reselut~on is beinq adopted, after the sum~ has been completed by the insertion af the maturities, interest rates~ and other details of the 199~A Bonds and by makin~ such other insertions, uhanges or corrections as the Chairman o~ the Board cf Supervisors and the County A~m~nistrator~ base~ On ~he advice of the County's £inanolsl advisors and legal counsel (including the County Attorney or Bond Counsel), deem necessary Or appropriate; and the Board hereby authorizes the Official Statement and the information contained there~n to be USed by the ~urchasers ~n connection with the sale of the 199~A Bonds. ~e Prellmlnery offioial statement is "deemed final" ~or D~rDoees of Rule I5c~-12 promulgated by the Ssc~arities and E~change co~i~si0n pursuant to the Exchange Act of 193~. The County Administrator, the Director Of Accounting and the County Attorney are hereby authorized and d~reoted te execute on bellalf of t/~e Co~nty end delive~ to said purchaser certificates in substantially the farm referred to in =he Official statement unde~ the ca~tion "Certificates Concerning Official Statement". 92-400 5/13/92 (b) The County Administrator, th~ Deputy County Administrator and other officers and employees of the Co~nty are hereby authorized to ~ause to be publi~h~d the Sumumary Not~e~ of Sale of the 1992A Bends in The Bond Buyer on a date selected by the Cou.nty Administrator, and to be prepared and distributed Tdhe Preliminary official statement, the Detailed Notice of Sale and the Official Proposal Farm relating to the 1992A Bonder and the te~me, condition and provisions thereof a~ filed with the minutes Of the meeting at which this resolution is beinq adopted, are hereby approved, ratified and confirmed by the Board. All actions and prooe~d~ng~ heretofore taken by the Board, the County Administrator, the Deputy County Administrator and ~he other officers, enployees~ a~ents and attorneys of the County in connectio~ with the i~euanee and ~ale of the 199~A Bonds, are hereby ratified and confirmed. (c) The 199~A Bonds shall be meld at public sale on a date to be selected by the County Administrator. The County Administrator is hereby a~thori~ed to award the 199~A Bonds to the best b~ddar therefor. The C~rrent Coupon Bonds shall be sold at the price of not les~ than ~% of the principal amount thereof~ plum accrued i~tereet thereon from t~eir date to the da~e of delivery of the 1992A ~onds. The 1~92A Sonde shall be ~old at an effective interest rate of net more than 7%. The award shall be mede on tho baals set forth in the Detailed Notice of Sale. SECTION 2.7. Application of ~roceed~ O~ 1992A BO~S. Th~ prec~ed~ cf sale of ~he 1992A Bonds received by the County shall be applied ~s follows: (a) an amount equal to the a=crumd int~r~t OR the 1992A Bonds Srom their ~ata =o th~ date of the delivery thereof and payment therefor shall be deposited with the T=Ustee in the Debt Service Fund in accordance with the provisions of the Bond Resolution and applied on November 1, 199~ to the payment of the interest payable on the 1992A Bonds on such date; (b) an amount, less other available moneys ~n the Debt Service Rs~e~ve F~d, eqUal to tl~e Debt Service R~rve Requirement for the 1992A Bende ehall ~e deposited with the Tin/stem in the Debt Se~ice Re~erve Fund in accordance with the Drevision~ of the Bond ResolRti0~ and section 2.11 Of this Fifth Supplemental Bend Resolution; (¢) the amount required to be deposlt~d in~e the Eecrow Deposit Fund to provide for the refunding in advance of their eta~ed maturltle~ and defeasance of the Refunded 1Mss Bonds shall be depoMit~ with the Escrow Agent under the ~scruw De~oslt Agreement and applied~ to~eth~r with other available money= of the County so (d) the balance of the p~oceedm of th~ 199~A Bonds shall he deposited with the Treasurer o~ ~e Geun~y and applied to the palrment of the costs of i~suance of the S~CTI0~ 2.~. Investment of Funds and A¢connt~ Under Bond Reeolut~on. In accordance with Section §.11(c)(i} of th~ ~on~ Resolution, it is hereby provided that all income or suffered by a Fund or Account held by the T~tee or the Bonds due to the inYe~tment thereof shall Be dsgosited into the Construction Fund for credit to th~ Construction Account thsreln u~ to the date the Certificate referred to in section 4.3[h) of the Bond Re~otution ~hall be delivered with regard 92-401 5/13/92 to the 1985 Expansion, and (ii) thereafter shall De deposited into the Rebate Fund to the extant requi~ed to enable the County to comply with the arbitrage rebate requirements cf the 1986 Code a~d, after any such deposit into the Rebate Fund, into the Revenue Fund as Revenues of the System. SECTION 2.9. Conditions Precedent to Dellver~ of 1992A Bonds. In compliance with the conditions precedent tn the delivery cf the 1992A Bonds prescribed in Sections 2.4 and 2.5 of the Bond Resolutlon, the 1991A Bonds shall be delivered only upon receipt by the Trustee of: (1} a copy of this Fifth Supplemental Bond Resolution authorizing the 1992A Bonds, certified by the clerk of the Board cf Supa~viao,r~ or an Authorized Officer of the County, by which or pursuant to which the terms of the 1992A Bonds are specified~ which Fifth Supplemental Bond Resolution contain~ findings and determinations of the Board that no default ex~t~ in the payment of th= principal of or interest and pr~mlum, if any, on any Bond, and that all me.da=cry redemptions, if any, of Bonds required to have been made under tho terms the Bond Resolution or any supplemental Resolution shall have been made; (~) a Bond Coun~lq~ Opinion to the effect that (i) this Fifth Supplenental Bond Resolution ha~ been duly and lawfully adopted and is in f~ll force and effect; (ii) the Bond Resolution has been duly and lawfully adopted by the County a~d i$ valid and binding upon, and enforceable against, the County (except to the extent that the enforceability thereof may be subject to judicial dleorstion, to th~ exercise of the sovereign police powers of the Commonwealth of virginia and the constitutional powers o£ the United States of America and to valid bankruptcy, insolvency, reorganization, moratorium and other laws affecting the relief of debtors); (iii] the Bond Resolution creates the valid pledge which it purports to create of the Revenues and of moneys and securities on deposi~ in any of the ~klnds established hereunder subject to the application thereof to the purpome~ and on the conditions permitted by the Bond Resolution; and (iv) upon the e×eoution and delivery thereof, the 199ZA Bonds will have been duly and validly anthorized and issued in accordance with the Bond Resolution; ($) a written order as to the delivery of t~e 1992A Bonds and the application of the 1882A Bond proceeds, signed by an Authorized officer of the County; (&) a Certificate of the Director of Budget that th~ 1992A Bonds are issued in compliance with the Dro¥isions of Section 7.11(c) of the Bond Re,diction, which Certificate shall be accompanied by an Accountant's certificate confil~min~ the calculations ~t f0~th i~ such Certificate of the Director of Budget with re.pest %o the a/~oun%s of Revenuss~ operatin~ Exp~nsea~ Debt Se~ViOe and Debt Se~vieo/Additional Bond~; and (5) in ~atisfaotion of tho requirements of Section ~-5 cf the Bond Resolution, an sxecute~ original oS t~e Escrow Deposit Agreement, which contains instructions a~ to the payment of redemption of the Refunded Bonds, together with instruct~on~ a~ to the giving cf notice of redemption of the ~efunded Bonds. SECTION 2.10. Covenant a~ to Compliance with 1986 Code. The County hereby covenants and aqr~ to ~omply with th~ provisions of sections 103 and 141-15o of the 1986 Code applicable to the 199~A Bond~ throughout the term of th~ ~992A Bonds. SECTION 2.11. Crestion o,f___l~,92A Debt SeT, ice Reserve Account in ~bt ~r~ioe Reserve Fund: Amendment of 5/13/92 When lgS5A and lgSSB Bonds Are Nc Longer 0utstandin~. Reserve FU~d held by the TrUstee sm account designated as the '~1992A Debt Service Reserve Account". ~rem ~he proceeds of the 1992A Bonds required to be deposited into the Debt Service R~e~e Fun~ 9ur~uant . tu Section 2.7(b) hereof and oth~r available moneys in the Debt So--ice Rese~e Fund, there be uredlt~d ~o the 1992A Debt S~ice Re=m~ ACCOSt an amount e~al to the Debt Se~ic~ Rese~e Rm~irement for 1992A Bond~. T~ 199~A D~b% 8e~ioe Rese~e Account ~all be available only to pay D~t Se~ice o~ th~ ~99=A Bonds. the first sentence of ~ definition of ~e %e~ "Debt Rese~e Retirement" in the Bond Resolution is hereby amended ~uch that, with r~pect to any Series of Bun~s which bear interest at ~ fixed rate, the Debt So--ice Rese~e R~irement ~hall mean an amount e~al to the les~e: of (1) ten ~ercent (10%) of the proceeds of such Series of Bonds, and (ii) the ~ximum amount payabl~ in any ourren~ or future Fiscal Year AIkTICLE III MISCELLANEOUS $~CTIO~ 3.1. Fifth Supplemental Bond Resolution a "SuDmlem~ntal Re~olution" Under the Bond Rssslution~ 1992A ~onds Are "~on~s" Under the Bond Resolution. (a) This Fifth Supplemental Bond Resolutlon i~ adopted pursuant to sections 2.4 and 2.5 an~ A~tfole VIII of the send Resolution. This Fifth Supplemental Bond Resolution (1) supplements the Bond Resolution; (2] is hereby found, detel'mi~ed and declared to constitute and to be a "$~pple~ntal ~solutlon" within the moaning of the quoted words as defined and used in the Bond Resolution; and (~) is adopted pursuant to and under authority Of the Bond Resolution. (b) The 1992A Bonds are hereby found, determined and declared to constitute and ts bn "Bonds" within the meaning of the ~loted we~ds as defined and u=ed i~ the Bond Resolution. The 1992A Bond~ shall be entitled to the benefits, ~ecurity and protection of the Bund Resolution, equally and proportionately with any other ~onds heretofore hereafter ~eeued thereunder; shall be payable from the ~ev~nues on a parity with all Bonds heretofore Or hereafter issued under the Bond Resolution; shall rank parl passe with all ~ends heretofore or hereafter issued under the Bond Resolution; end shall be equally and ratably secured with all BOBdS heretofore or hereafter issued under the Bomd Resolution by a prior and paramount lien and charge on thc without priority er distinctio~ by r~ason of series, number, date, date of sale, date of issuance, date of ~xecutlon and authentication or date of d~livery; all as ~s more fully set forth in the Bond Resolution. It i~ hsreby further found, detel~ined a~d declared that no default exists in the payment of the prlnciDal of or interest and premium, if any, Oh any BOnd iSsUed under the Bond Re~oluticn and that all mandatory redemptions, if any, oS ~ond~ required tn have been made under the terms of the Bond Resolution or any ~plemental Resolution have been SECTION 3.~. Filin~ of this Fifth SuDulemental Bon~ Re~olution ~ith Circuit Court. The County Attorney be and hereby is authorized and directed to file a c~py of thi~ Fifth Supplemental Fond Resolution, eer~i£ied by the Clerk of Bcar~ to De a true and correct copy thereof, with the Circuit Court of the County of Chesterfield, Virginia. 511~/92 92-403 .............. --- ...................... J .............. L L .................... SECTION 3.3. Effect o£ Article and Section ~eadinqs and Te~]n o~ 0cn~ento. The headings or titles of articlao and sections hereof, and any table of contents appended hereto or copies hereof~ shall be £or convenience of reference only and shall not affect the meaning er oon~tru~tion, interpretation or effect of this Fifth SuDpl~d~ental Bond Resolution. S~CTION 3.4. Effectiveness of This Fifth .~pDl~men~al Bond Resolution. Fifth Supplemestal ~ond R~solutien shall he effective from and after the adoption h~reof by the Board. EZ/{IBIT A FORM OF CURRENT COUPON BOND REGISTERED No. INTEREST RATE: U~IT=D STATES OF AMERICA CO~0NWEALTH OP VIRGINIA COUNTY OF CHESTERFIELD WATER AND SEWER REV~N13E REFUNDI~ BOND, SERIES 1992A REGISTERED $ MATURITY DATE: DATE OF ~OND: CUSIP NO.: % REGISTERED HOLDER: PRINCIPAL SUM: 166409 The County of Chasterfiel~ {her~nafter referred to as the "County"), a political subdivision of the Commonwealth of Vir~inla, for value received, hereby acknowledge0 i=self indebted and hereby promi~e~ to pay to th~ (named above), or registered assigns~ but solely from the Revenues and moneys pledged to the payment hereof hereinafter apeeifla4 and nat otherwise, on the Maturity Date (specified redemption and payment of the redemption p~ice shall have been duly made or provided for, the Principal Sum (specified above), and to ~ay interest on such Principal Su~, but solely from such Revenues end moneys pledged to the payment hereaf hereinafter spot,fled and not otherwise, on the first day of November, 1992 and semiannually on the first day of May and the f~rst day of November of each year thereafter (eac~ such date i~ hereinafter referred to as an "in%eras= payment date"), from the da=e hereof or from t~e interest payment date n~xt preceding the date of authentication hereo~ te which interest shall have been Daid, ~le~ ~uch dat~ of authent~cat±on i~ an interest payment date, in which casa from such interest payment date, or unless such date of authentlcat~on i~ within th~ period from the sixteenth (16th) day ts the last day of the calendar ~o~th aext pr~cedin~ the following ~ntereSt payment date, in which case from such following interest payment date, s~¢h interest to be paid until the maturity or redemption hereo£ at ~he Interest Rate (epae~f~ed above) per annu~, by check or draft mailed by the Rsgist:ar hereinafter mentioned to the Raqi~tered Holder in whose S~uue thim Bond is registered upon the bookm cf registry of tho County keDt by the Registrar as of the close of bus,ness on the fifteenth (1Bth) day (wh~ther or b~$iness day) of t~e calendar month next preceding each 9~-404 ]/13/92 interest payment date at the addrsss of the Registered Molder hereof as it appears on such books e£ registry. The prlnoiDal of and premium, if anyr cn this Bond are payable on presentation and surrender hereof at the principal office of signet Trust Company, ae Registrar, in the City cf Rich~end, Virginia. Both principal of and premium, if any, and interest on this Bend are payable in such coin or currency of the United ~tat~s Of America as at the rea~setlve dates of payment thereof is leqal tender for p~bli¢ and private debts, This Bond is one of a duly authorized Series of Bonds (herein referred to as the "Bond~") of the aggregate principal amount ~f Dollars ) of like duce, denomination and tenor herewith except ~or ~u~er, interest rate, msturlty and redemption provisions, and is issued under and pursuant to and in full compliance with the Constitution and statutes of the Commonwealth of Virginia, including Chapter 5~I of Title 15.1 of the Cede ef ~frqinia, 1950 (ths sa~e being the Public Finance Act of 1991), a resolutisn duly adopted on July 24, 1985 by the Board of supervi~or~ of the County, entitled "RESOLUTION OF THE BOARD OF SUPERVISORS OF TN~ COU~T¥ 0~ CHESTERFI~LD~ VIRGINIA~ AUTHORIZING THE I~SUANCE OF WATER AND SEWER ~EVENUE BO~D$ OF THB COUNTY OF CHESTeRfieLD, VIRGINXA, AND PROVIDING FOR THE SECURITY OF TEE HOLDERS T~EREOF" nnd a resolution duly adoDted by such Board on May 13, 1992, entitled "FIFTH SUPPLEMENTAL BOND RESOLUTION AUTHORIZING AND PROVIDIN~ FOR ?ME IZSUA~C~, SALE AND DE~IVEKY OF NOT TO EXCEED $43,008~0~ AGGPd~GATE PRINCIPAL ~OUNT OF WATER ~d~D ~R R~V~NUE REfUNDinG ~ONDS, SERIES 1992A, OF ~ COUNTY OF CHESTERFIELD, VIRGINIA AND DELEGATING TO TKE COUNTY ADMINISTRATOR C~RTAIN POURERS WITH RESPECT THERETO" (such resolutions being her~in referred to collectively as the "Bead Resolution"). The Bonds are issued to finance the costs of refunding a portion of the Water and ~ewer Revenue ~efundlng Bon~s, Series 1988, of the County, in advance of their stated maturities. Of the Bond~ of the $~ries of which this Bond is one $ principal amount maturing on November 1, 1992 through ~00~, both inclusive, are eurr~nt coupon bonds (the "Current Coupon Bends") bearing interest payable on November 1, 1992 and semiannually thereafter at the rates of interest per annum ~tat~d therein, and $ principal amount maturing on November 1, 2003 through 2010 ar~ capital appreciation bonds (the "capitol Appreciation Bonds") b.aring i~tarest csmpouaded on November 1, 199~ and semiannually thereafter and payable at maturity. The Bonds an~ the interest thereon are payable solely from, and secured equally and ratably with other bonds which may have heretofore been issued or may hereafter ~e issued on a parity therewith under the Bond Resolution outstanding from time to time solely by a lisa and charge on, the Revenues (as dsf~nsd in the Bond Resolution) derived from the operation of the County's water and sewer ~ystem (the "system"), snbje0t to the prior payment from such Revenues of the Operating Expenmun of th~ system, and from moneym hold in the funds and a~connt~ created and establlshed under the ~ond Resolution pledged ts the pa~rment thereof. The Bond Resolution p~evides that the bonds issued thereunder ~hall not be deemed to constitute full faith and credit general obligatio~ of the County for which there is a right to compel the exercise of the ad valorem taxing power of the County. Reference is hereby made to the B0~d Resolution, to ~11 of the ~ro¥isions o~ which any Registered ~elder Of t/lis Bend by his acceptance hereof hsreby assents, for. deflnitlon~ of ter~s; the d~$eriptlon of and the nature and extent of the security, for the bonds issued under the Bond .Resolution, 92-4~5 5/!3/92 including thus Bond; the description e~ the System; the d~c~iDtion of the Revalues and the moneys held in the funds and accounts created and established under the Bond Resolution pledged to the palrment of the interest on and principal of the bo~ds issued u~der the Bond Resctutlon, including this Bond; the covenants of the County es to the fi~ing, establishing, maintaining and revising of rates and charges for the the covenants of the County as to the collection, deposit and applioation of the Revenues of the system: the conditions upon which other bonds may hereafter be issued under the Bond Resolution payable on a parity with this Bond from the aa~eaues c~ the System and s~ually and ratably secured herewith; the right~, duties and obligations of the County; the provisions discharging the Bsn~ Resolution as to this Bond and the lien and pledg~ of this Bond on the Revenues of the System if there shall have been de~osltsd in accedence with the provisions of the Bond Resolution on or before the maturity or redemption hereof moneys sufficient to Day the principal hereof and the interest hereon to the maturity or redemption date hereof, or certain specified ~eeurities maturing at such times and in such amount~ which, together with the earnings thereon, would be sufficient for such payment, or a seminaries of both s~ch ~cn~ys and securities; and for the ethe~ term~ and provi~ien~ of the Bond Resolution. The Bonds of the series of which thi~ B~nd is one are not subject to redemption prior to their stated maturities. Snhj~et to the ii~itations and upon payment of the charges, if any, provided in the p~oeeedings authorizing the Bo~ds of the series of which this Bond is on~ this Bond may be exchanged at the principal allies of the Registrar for a like aggregate prlncipal amount of Bo~ds of other principal amounts and of the ~sriss of which this Bond i~ one. This ~ond is transferable by the Registered Kolder hereof, in person cr by his attorney d~ly authorized in writing, at the principal office of the Registrar but only in the manner, s~bjeot to the limitations and upon payment of the oha~ges, if any, provided in the proceedings authorizing the Bonds of the Beries of which thus Bond is one, and upon the surrender hereof for cancellation. Upon such transfer a new Bon~ er Bo~ds Of a~thorized denominations and of the same aggregate he issued tO the transferee in exchange horsier. This Bond shall not be valid or obligatory unless the certificate of suthentissticn hereon s~all nave ~a~ually si~ned by an authorized signator of the Registrar. It i~ hereby Certified, recited and d~alared that all acts, conditions and things required ts have happened, to exist a~d to have been p~rforned precedent to and in the issuance of this Bond and the Beries of which it is o~e, ~ave happened, do exist and have been performed in regular and due time, Ssrm and manner as required b~ law, and that the Bonds of the s~ries of which this Bond ~s one do not exceed any constitutional or ~tatut01~; limitation of indebtedness. IN WITNESS WHEREOF, the County, by its Board of Supervisors, has caused thi~ Bond to be signed by the chairman and the Clerk of such Board, by their manual o~ facsimile signatures, and the corporate seal of the county to he impresse~ or imprinted hereon, and this Bend to be dated the fifteenth (15th) day of ~ay, [Facsimile of Meal of the County] 92-405 5/13/92 [Facmimile Signature of Clerk [Facsimile Signature of Chairman of the ~ourd of of the Board of Sup~visor~] Clerk cf the Board of chairman o~ the Board of Supervisors Supervisorm (FO~2( OF CERTIFICATE OF AUT~E~T~CAT~ON) This Bond is One of the Bonds dellvered pursuant ~to the wi=hin-mestione~ proceedings. SIGNET TRUST COMPANY, REGISTRAR Authorize~ Signature Dated: (~OR~ OF ASSIGNMENT) ASSIGN~NT For value recsived~ =he undersigned hereb~ selI(s)~ a~mign(s) and transfer(s) unto (Please print or type name and address, including code, of transferee) PLEASE IN~RT $0¢IAL $=CU~ITY OR OTHER TAX IDENTIFYING NUMBER zip the within Bond and all right~ thereunder, an~ hereby irrevo=able constitutes and appoints attorney, tO transfer such ~ond on the books kept for the reg~stratxen thereof, ~ith full p~e~ of substitution in the premises. Dated: sig~ature(~) Gusrantesd NOTICE: Eignature(s) mu~t be g~aranteed by a member fiz~m of Th~ N~w York Stuck ~x=hangs, Ino. or a co~me~oial bank cr (Signature(s) of Registered ~older) NOTIC~: The s~gnatur~s) above mu~t corre~po~ Wi~h the name Of the Registered Holder as it appears o~ the fron= of this Bond in every particular, without alteration o~ enlargement or any change whatsoever. 92-407 EXHIBIT B OF CAPITAL APt~R~CIATION BOND INTEREST ON T~IS BOND ID PAYABL~ ONLY AT MATURITY UNITED STATES OF A~ERICA COMMONW~ALT~ 0F ~IRGI~IA COUNTY OF C~ST~FIELD WAT~D SE$~R RE~ ~DING BOND, R~¢ISTZR~B MINIM~r~ BOND DATE: MATURITY DATE: R~GIST~R~D HOLDER: PRINCIPAL ~UM: The County of Chesterfield D~NOMI~ATION: R~GISTE~%ED ~CU$IP: 166409 (hereinafter re£erred to as the "County"), a political subdivision of the Commonwealth of Virginia, for value received, hereby acknowledges itself (named above), or registered assigns, but solely from the Revenues and moneys pledged to the payment hereof her=inafter specified and not otherwise, on the Maturity Date (specified above} unle~ this Bond stall have teen called for previous redemption and payment of the redemption price shall have been duly ~ade o~ provided for, the Principal Sll~ (~pecified above) and the interest payable thereon, computed am provided in the Eond Resolution hereinafter referred to. If this ~nd is ieaued in 'a Pr~nelpal sum m~ual to the minin~ denomination pe~itt~d by the Bond R~molution (am defin$~ h~reinaft~), th~ in~er~s% payable at maturity is the difference between Five Thousand bollar~ ($5,0¢0) and such ~rincipal Mum. xf ~i~ Bond i~ issued ~n a Principal ~o~t that i~ ~n int=gr~l multipl~ o~ ~ minim~ denomination ~e~iCted by ~e Bon~ Resolution, ~e interest shall be the same info.al multiple Ail interest on this Bond is payable only at maturity. The principal of and premium, if any, and interest on thi~ Bond are payable on presentation and su~endeM he=eof st the. principal office of Signet Trust ~ompany, as Registrar, in t~e Oity of Ric~mond~ irginia. BOtH principal of and prem£=m, iS any, am~ interest on this Bond are payable in such coin er currency of the United st~t~s of America as ut the and private debts. This Bond is one of u duly authorized Series of Bond (herein referred to as the "Bon~s") of the aggregate principal amount of ($ ) of like da~e, denomination and tenor hermwith a~oept for number, interest rate, maturity and redemption provisions, and is i~=ued under an~ pursuant to and in full compliance with the COnstitution and statutes of the Commonwealth of Virginia, including Chapter E of Title 15.1 of tl~o Code of virginia 1950, as emended (the ea~e being the Public Finance Act), a resol~ti0n duly adopted on July 24, 1985 by the Board of Supervisors of the County, entitled "R~OLUTION OF THE BOAR0 92-408 ~/13/92 OF SUPERVISORS OF TRE COUNTY OF CHESTERFIELD, 'VIRgIN%A, ~UTHORIZ~ T~E ~UA/~C~ OF WATER AND EEWER REVENUE ~ONDB OF S~CURITY OF T~iE ~OI~ER$ THEREOF" and a resolution duly adopted by SUCh Scald on Muy 13, 1992, entitled "FIF~ SUPPLIgME~TAL BOND RESOLUTION AUTHORIZING AND PROVIDING FOR THE ISSUANCE, SAL~ AND DELIVERY OF NOT TO EXCBED $43,000,000 A~PdgCATE collectively as the "Bond Resolution"). of which this Bond i~ on~ $ ~rlnolpal amount maturing ¢o~po~ bond~ (the "Current coupon Bonds") hearing interest payable on November 1, 19~2 and semiannually thereafter at the ra~es of interest per annum stated thereln~ and $ capital appreclat~sn bonds (the "Capital Appreciation Bonds") s~m~annuaily thereafter and payable at maturity. The Bonds bess issued or may hereafter he issued on a parity therewith by a lien and charge on, th~ Reve~e$ (a~ d~flned in ~he Bond and ~ewer ~y~te~ (the "System"), subject ts the'prior payment from such Revenueo of the Operating Expenses of the System, eotablished under the Bond Resolution pledged to the payment thereof. The Bon~ Resolution pro¥i~es that the bonds issued credit general Obligations of ~he County for w~ich there is a right to compel the exercise of the ad valorem taxing power of the county. Reference ~s h~rehy made ts the Bond Resolution, to all of the provisions of which any Registered Holder of Bond by his acceptance hereof hereby a~sent$, for definition~ of terms; the description of and the nature and extent s~ the security for the hondo issued mnder the Bo~d R~solution, including this Bond: the description of the System; tho deocrlption of the Revenues and the moneys held in the and accounts created and established under ~he Bond Resolution pledged to the payment of the interest on and principal of the bonds immued under th~ Bond Resolution, includin~ thi~ Bond; the coveDant~ 0£ tho County az to the ~ixlng~ establishing, applloation of the Ravenue~ of the system; ~he conditions upon Resolution payable on s parity with this B~nd from the herewi~l%; the rights, duties and obligations of the County; the provisions di~mharging the Bond Resolution as to this Bsn~ an~ the lien and pledge of thi~ Bond on the Revenues of the System if there ~hall have been ~eposited in ac¢ordsncs with the provisions of the Bond Resolution on oD before the ~aturity or redemption hereof moneys sufficient to pay ~rlno~paI hereof and the interest h~eon to bhe maturity or ~aturing at such times and in ~uch amount~ which, together with the earnings thereon, would be sufficient for ouch 92-409 5/13/92 payment, or a combination of both such moneys and securities; and for the o~he~ ~ms and provisions of the Bond Resolution. . The Bonds of the ~eri~s of whiQh this Bond i$ one are not subject to redemption prior to their stated maturities. Subject to the Iimita:ions and upon paymen~ of the charges, if any, provided in the proceedings authorizing the Bonds of the Serle~ of which this Bond i$ oho, this ~ond may he exchanged at the principal office of the Registrar for a like aggregate principal amount of ~onds of other au=horized principal amounts and of tbs series of which this Bond is one. Thio Bond is transferable by the Registered Holder hereo~, in person or by his attorney duly authorized in writing, at the principal office of the Registrar but only in the manner, subject to th~ llmltatlon~ and upon payment Of the charges, if any, ~rovi~ed in the proceedings authorizing the Bonds of the series of which this Bond is one, and upon th ~urrender hereof for cancellation. Upon such transfer a new Bond or Bonds of authorized denominations and of the ~ame aggregate principal amount of the seriss of which this Bond is one will he issued to the transferee ~n exchang~ h~refor. the certlflcats of authentication he,eon shall have been manually nighed by a~ a~thorized signator of the Registrar. I~ is hereby certified, recited and declared that all acts, conditions and thinqo required to have happened, to exist and to have been performed precedent to and in the issuance of thim Bond and t~e s~i~ of which it is one do exi~, have happened and have been performed in regular and due time, fo~m and manner as required by law~ and that th~ Bonds of the Series of which this Bond is cna do not exceed any constitutional or ~tatuto~y limitation of indebtednos~. IN WITNESS WHBP~OF, the County, by its Board of Superviscrm, has caused this Bond to bo sig~ed by the Chai~an and the Clerk of such Board, by their man,al or facsimile signatures, and the corporate seal of the county to be i~pre~d or imprintod hereon, and thio Bond to be dated ac of the day of June, 1992. clerk o~ the Board of Supervisors Chairman of.the Board of (FORM OF CERTIFICATE dP AUT~TICATION) Certificate of Authentication Thi~ Bond is one of the Bonds delivered pursuant to the within-mentioned ~receedin~s. Authorized si~ature Dated: (FOR~ OF ASSIGNMENT) ASSIGNMENT 9~-410 ~/13/92 For value received, the undersigned hereby assign(s) and transfer(s) unto (Please Drint or type name and address, including po~tal zip code, of transferee) PLEASE INSERT SOCIAL ~CURIT¥ ~he within Bond and all rights thereunder, and hereby irrevocable constitutes and appoints , attoraey, to thereof, with full power of ~ubstltution in the ~remises. Dated: signature(s) Guaranteed ~OTIC=: Signature(s) must be guaranteed by a ~ember firm of The New York Stock Exchange, Inc. or a commercial bank or trust Gompa~y. (Signature(s} cf Registered Holder) NOTICE: The signature(e) the na~e of the Registered ~ront ~$ ~his Bond in every particular, without EXHIBIT C ESCROW DEPOSIT AGREEMENT Thi~ ~serow Deposit Agreement, dated as of ~ay 15, 1992 (th~ "Agreement")~ by and between the County of Chesterfield, Virginia (the "County"), and Crestar Bank, Richmond, Vlrgln~a~ aa E~crow A~ent (the "E~e~OW Agent"}, W I TNB S SETH: W~R~A~, the county has heretofore i~s~ed $ aggregate principal a~ount of its County of chesterfield, virginia, Wa%er ao~ Sewer Revenue Refunding Boa~, Series 1988 (the "1988 Bonds")~ and WREREAB, concurrently with the execution hereof, the County is issuing $. principal amount of ~t~ county of Chesterfield, Virginia, Water and SewerReven~e ~efunding ~onds, serie~ 199~A (th~ "199~A Bonds")~ the proceed~ of Which, to~ether ~ith oth~r available ~oneys, will be use~,' for %h~ pu~o~e of r~f~nding in advance of thalr stated ~turities th~ 1988 ~ndm maturing on Nove~er 1, 1999 through Nove~r ~lly d~cribed in Exhibit I hereto, which are =urrently outstanding in the principal amount of $27,55S,173.~0 (th~ "Refunded Bonds*~ or the "Rafunded 1988 Bends"); 5/13'/92 . BOW, T~IEREFORE, in consideration of the foregoing and o~ %he mutusl covenants hersln set forth, the County the Escrow Agent agree as follows: SECTION 1. Pledqe of 1991A Bond Proceeds and Other Available MoneVs, To provide for the payment of the principal and redemDtion price, as the case may be, of the Refunded Bends., plus interest on the Refunded Bo~ds to the date thereef, the County hereby irrevocably deposits with the Escrow Agent, to be held by the Escrow Agent on behalf of the Paying Agent for the Refunded fonds and in trust for the benefit of the owners of the Refunded Bonds, and irrevocably appropriatss and sets aside exclusively for the palrment of the hereinafter set fo~h, the amount of $ , derived from the proceeds of ~ale of the 1999A Bonds and other available moneys, being an amount which the County and the Escrow Agent agree is ~ufflcient to purcha~ the Securities (as hereinafter defined) and to refund and defease the Refunded Bonds. Such amount shall be depesite~ by the Escrow Agent ~n the 199~A Esarow Deposit Ftt~d hereinafter referred to and invested and applied in the manner and for the purpose hereinafter set forth. The Escrow Agent acknowledges receipt of the £0re~eing amounts. SECTION 2. Es~ablishmen~ of Escrow DeDosit Fund; established with the Escrow Agent a special and irrevocable trnst f~nd designated the "Count~ of C~esterfield, Virginia, Deposit Fund" (the '~199~A E~row DepOsit F~d") tO be held in the e~sted~ of the Escrow Agent as a trust fund separate and apart from all other funds of the County or of the Escrow Agen=~ for the benefit of the owners of the Refunded Bonds. Ail moneys end Government ~ecuriti~ ~et a~ide and hel~ in trust in the 199~A E~crow Deposit Fund shall be a~plied to and ~ed $01ely for the ~ayment of the Refunded Bonds (including ~nte~est and redemption p~emium thereon). SECTION 3. P~rchase of Government ~ecurities: SDeclal Reinvestment. (a) The County hera~y directs the Escrow A~ent to purchase on , 1992, being the date of the delivery of and payment ~or ~he 1~92A Bond~, with $. of the a~e~nt held in the 1992A Escrow Deposit Fund~ certain direct non-callable obligations of tbs United States of Amerlcat as set forth in Exhibit II hereto. The securities described in Exhibit II hereto are herein rsfsrred to a~ the the 199~A Escrow Deposit Fund shall be held as camh a~d not invested. (b) The County and the Escrow Agent hereby scknowle~ge receipt from Ernst & Young of a certifioation that the ~overnment Securities nature a~ to principal an~ interest (without regard to any reinvastment of investment earnings on such Government Securities) in ~u~h ~eun%s and at such times am will assure, together with any moneys held in the 199~A Escrow Deposit Fund, th~ availability e£ ~uffieient moneys: (1) to pay when due the interest on the Refunded 1988 Bonds to November i~ 1998; and (ii) to pay the =ademption prices of the Refunded 1988 Bonds which are to be redeemed on ~ovember at a redemption pries {a) with ~espect to the col-rent couDcn bonds equal to % of the respective prin¢iDal amounts of the Refunded 1988 Bends and (b) with to the sapi=al appreciation bonds equal to % o~ the respective secreted values of the Refunded 1988 Bonds. (c] The County and the EssroN Agent hereby agree that, in reliance upon the certification provided by Ernst ¥oum~ pursuant to section 3(b) hereof, the Government Securities mature as to principal and interest (without re~ard to any reiuvestment of investment earnings on such Government together with any moneys held in the 1992A Escrow Deposit Fund~ the availability of sufficient moneys: (i) to pay when due the interest on the Refunded 1988 Bonds to November l, 1995; and 1988 Bonds, which are to be redeemed on November 1, 1988 hereof. (d) The Escrow Agent shall reinvest the income received from the principal or interest payments on the Government securities not then need to pay the principal of, premium, if any, and interest on the Refunded Bonds in united States Treasury Obligations State and Local series, bearing interest at a rate of zero pun csntum (0%) per annum (the "Zero Special Trea~u%~/ Obligations"), as more particularly described, and in accordance with the schedule ~et forth, in Exhibit V attached ~ereto. The County hereby authorizes and directs the Escrow Agent te enter subscriptions for such Zero Special Treasury Obligations from time to time for and ~n th~ na~s of ~he county. The Escrow Agent shall subscribe for such Zero Spic,al Treasury 0bl'igatioms in a timely manner in order to ensure that each obligations are on deposit in the 199~A Escrow Deposit Fund at the time and in the amounts re~ui~ed. In the event that such Zero Special Treasurl~ obligatlo~ ~hall act be available a% the time or in the amounts required, the Escrow Agent shall not reinvest such income; provided, however, tha~ at the written d~rsct~cn cf the County, the Eucrow Agent shall reinvest such income ~n Investment Securities ss defined in olau~e (i) of the definition thereof contained in Section 1.1 of the Bond Resolution (as hereinafter defined) having a yield not greater than the yield pel~mitted under Section 14~ of the Internal Revenue code of 1986 (the "Code"), an~ the regulations ~ro~elgat~d ~de~ SUch Section ~48, am each is then in effect, and shall be entitled to rely eK~lusively upon an ~nq~alifisd opinion of a nationally r~cogni~d bcn~ counsel with to compliance with the Code and such regulations, which opinion shall accompany the aforementioned written direction cf the County. SECTION 4. Substitution of Government Securities, (a) Moneys deposited with the =screw Agen~ as described in Section 1 hereof~ and used to p~rehuse the R~euritie~, may, at the written direction o~ the County, he reinvested in direct noncallable obligations of, or direct noncallable nonprepayable o~ligations the principal of and interest on whidh ar~ guaranteed by, the United States of America (the ~'Substltute Government securities"), maturing as to principal and interest in such amounts and at such times as will assure the availability of sufficient money~ ts ma~e Day, eat of the principal and/or redemption prices, as ~he case m%ay be, of the Refunded Bcn~, plus in~erest on such Refunded Bonds to the respective maturity or redemption dates thereof, all as set ~ort~ in Section 3 hereof; p~ovidud, however, that Concurrently with such written direction, the Ceun~y shall provide th~ Escrow Agent wi~h (i) a c~rti~ieation of an ~nd~pendent certified public accountant that sush reinvestment complies with this Agreemsnt, including in particular ~ection ~ and this S==tlon 4(a) of thi~ Agreement, and assuming that ~2-413 5/13/92 the earnings derived from the Substitute Government Securities either are not reinvested or are reinvested at a rate of 0% per annum, ~etting forth in reasonable detail the calculations underlying such certification, and (ii) an unqualified opinion of nationally recognized bond counsel to th~ effect that such reinvestment (~) will net cause any 19~2 Bond to be subjected to treatment as an "arbitrage bond", as defined in ~ection 1~8 of the Code and the regulations adopted under such Section 1~8, as each is then in effect, and (2) is otherwise in compliance with this Agreement. (b) Any reinvestment authorized by thio Section 4 shall he accomplished by sale, transfer, request for redemption er ether disposition of all or a portion of the ~overnme~t $eouritie~ then hel~ in the 199~A Escrow Deposit Fund with the proceeds thereof being applied simultaneously tn the purchase of ~ub~tltut~ Cov~r~e~t ~eeuritie~, ail as specified in th~ written direction of the County. SECTION 5. Evidence of Transactions; Annual Report. (a) The E~crow Agent shall deliver to th~ Treasurer of the Cou/~ty a transaction statmment describing each transaction relating to the 199~A E~crew Deposit Fund. such transaotisn statement ~hall be prepared and delivered to the Treasurer of the County on a monthly basis. (b) On cr before August i of each year, ~he Escrow Agent shall deliver to such Treasurer a ~tatement de~criblng the Government Securities held by it in the 1992A Escrow Deposit Fund, including th~ income earned therefrom and tho maturities thereof, and any withdraw~l~ of money frn~ the 199~A ~scrow Deposit ~und for the year ended June )0 of such year. SECTIO~ 6. Payment of Principal and Redemotion Prices of and Interest on Refunded Bonds. On the respective i~tcrest payment dates and on the redemption date for the Refunde~ ~ond$, th~ ~sc~ow Agent ~hall transfer to the Payin~ Agent for the Refunded Bends, sufficient moneys, as set forth in Appendix A hereto, from the matured principal of and interest on the Government ~curities held in the 1992A Escrow Eecurities held in such Fund, for the palrment of the principal and/or redemption pri~es and the interest on the Refunded Bonds becoming due on such respective iutereet payment or redemption dates. The TrUstee and Paying Agent for the Refunded Bonds is Signet Trust Company, ~ECTIO~ 7. Irrevocable Deoosit: Express Lien. Subject to the termm hereof and except as ~therwime provided heroin, th~ depc~i~ of the moneys, ~overnment Securities and any Substitute Government securities in the 1992A Escrow Deposit Fund shall constitute an irrevocable deposit is trust ~olely for the palrment of the Refunded Bonds (including premium end interest thereon) pursuant to the terms of the Bond ResolUtiOn (as hereinafter defined} and this Agreement. T~e owners of the Refunded ~onds shall have an express lien on the principal of end interest on the Geverr~e~t Securities, and on any moRcy$ Or ~bstlt~te Government Securities un deposit in the 19~2A Escrow Deposit Fund, until the proceeds thereof ar~ pa~d c~t, ~sed or applie4 in accordance with this Agreement. SECTION 8. Nations, (a) Th= Escrow Agent shal~, on he~alf' of th~ Trustee and without further authorization er dlreotien~ ca~e ~otiee of th~ issuance of the Refunding Bonds in substantially the for~ attached hereto as ~hibit III, which fo~ ~as bean prepured in accordance with clause (iii) of the second sentence of section 1].l(h) of the Bond Resolution, to be p~blished, at least twice as soon as practicable but in no ease later than thirty (30) days after the dellve~y of the 1992A Bonds, at an interval of not less than seven (7) days between publications is each of the two newmpapemm or financial journatm met forth below, both which are printed in the English ~anguage and oustomarily published (except in the came Of legal holidays) at least once a day for at least flys (51 days in ea~h..salsn~a~ week. such publications shall be sade in Th~ Richmond Timee~Dispatch, newspaper or financial journal of 'general circulation in the Coua~ty, and in The Bond Buyer, a newspaper r financial journal o= general circulation in the Borough of Manhattan, City and State of New York. (b) The County hereby designate~ tho Refunded 1988 Bonds for redemption on Nevsm%e~ 1~ 1998. The E~crow Agent shall give, or shall cause ~he T~stee to give, notice o£ the redemption of the Reftk~ded 1988 Bonds, in th~ na~e and on behalf of the Trustee, such no=io~ ~o b~ in substantially the fol~ attached hereto as Exhibit IV, which form has been prepared in accordance with Section 6.5 cf the Bond Resolution, such notice to bs mailed by first clam~ nail, po~tage prepaid, not less than thirty (30) nor more than sixty (go) days prior to Novealber 1, 1998 to the owner of each Refunded .19SS Bond at such owner's address as it appears on the registration books kept by the T~ustee. (c) The instructions set forth in subsections and (b~ of this s~otion s.1 shall he irrevocable. SECTION 9. Liability Of Escrow Ace%t. (a) The liability of the Escrow Agent to ~ake the palnments rsquirsd by this Agreement with respect to the Refunded Bonds shall be limited to the fUDd$ deposited with it hereunde= and the ~overnment Securities and a~y Substitute Government Securities. The E~crow Agent shall nut hs llable for any resulting from any investment made pursuant to thi~ Agreement in compliance with the provisions hereof. (b) In the event of the Escrow Agent's failure to eecesnt for any of the ~overnment Securlti~, ~overnment Seeuritlss or funds reserved by it, such Securities, Substitute So~erru~ent Securities or funds shall be an~ remain the property of the County in trust for thc owners of the Refunded Bonds a~ herein provided, and if for any reason such Government Sscuritles~ Sub~titnte Government Secu~itie~ and funds cannot be i~entlfled, the assets of the Escrow Agent shall be impressed with a tr~st for the amount thereof and, to the f~lle~t extent per~itted by law, the County shall bs entitled to a preferred claim upon such assets until identification sf such Government ~acuritles, substitute Government securities and funds is made. SECTION 10. TerminatiOn. (a) This Agreement shall terminate upon the payment by the Escrow Agent to the Pa~ing Agent for the Refunded Bonds of all moneys requlr~d by Section 6 hereof to he paid to such Paying Agent to provide for the payment of the ~edempti0n prices of and interest on the (b} Any moneys rsmslning in the 19~2A Escrow Deposit Fund after all payment~ required by Section 6 ~reof to paid by the Escrow Agent te ~he Paying Agent for the Refunded Bonds shall have bess made shall be pai~ tO the County by the Escrow Agent, without further authorlzat~an and direction. SECTION 11. FSSs of Escrow Aqent. (a) The County ~hsll pay all necessary and p~opsr fees, Compensation and exp~nsss of the Escrow A~ent and any Paying Agent pertaining to the Refunded Bon~, including, without limitation, r~asonable eompsn6ation for all aegises rendere~ in the execution, exercise an~ par£ormanse of any of 5he duties to be exercised e~ performed pursuant to the proViSions of. this s/13/9~ incurred in accordance with any provisions e£ this (including the reasonable compensation and expenses and disbursements of its counsel}. (b} To the e~ent not paid out of the proceeds the sale of the Refunding Bonds or other avnilable moneys Dn the date of delivery of the Rs£unding Bon4s, the County will pay the amounts described in Section Il(a) when billed. (c} ~ne Escrow A~ent acknowledges that the above-specified provisions for payment are satisfactory to it. (d) in no event shall the amounts described in section ll(a) be payable from the moneys or ~overnnent Securities or substitute Government Securities on deposit in the 1992A Escrow Deposit ~nd. SECTION 12. Duties of Escrow A~ent: Evidence UPon Which Escrow A=ent May Act; RePlacement of Escrow A~ent. The E~crow Agent agrees to perform all the duties and obliga~i0ns imposed upon it by this Agreement am well as those provisions of the ~ond Resolution and the Fifth Supplemental Bond Resolution applicable to t~e performance of this Agreement. The Escrow Agent acknowledges receipt of coD~em of the Bend REsolution and the Fifth Supplemental Bend Resolution. Escrow Agent may connlueively rely, as to the correctness of ~tatements, conclusions and opinions therein, upon any certificatE, report~, consent, noticE, appointment or other direction made or g~ven by the County to the E~erow Agent which shall be dee~sd to have been sufficiently ~ade or given by the p~oper party or parties if executed on behalf of the County by the County Administrate~ of the County. (e} If the Escrow Agent shall c~ase to be ellglbl~ to act as Escrow Agent hereunder or shall resign as Escrow Agent hereunder, the Escrow Age, t, if requested by the County, s~all execute =uch agreements, assignments and other aa shall be necessary to vest in a nucc~ssor e~orow agent all the t~tle, rig~tn, d~ties and obligations of the Escrow Agent under this Agreement and in the ~overnmen= securities, Substitute Government securities a~d 0t~er f~d~ deposited or to be deposited or received by the E~orow Agent under this the tr~ts created hereunder, all £ur~her title, rights, dutlem and ehligatien~ Of the Escrow Agent under this Agreement shall cease and determine and be discharged, except for rlght~ er liabilities theretofore accrued to or Dy the County or the Escrow Agent. SECTION 13. ~noor~oration hv Reference. The applicable an~ necess&~ prevision~ of th~ Bond Resolution adopted by the ~oard of superviEora of ~he County on July ~4, 1985 (the "Bond Resolution") and the Fifth Supplemental Bond Resolution adopted by the Boar~ eS Supervisors of the County SECTION 14. Arbitra~ Covenant. Any other Rrovlsion of this Agreement to the contrary notwithstanding, the County hereby cc~;enants that it will not ume, or pe~it the use of, any proceeds of the Refunde~ Bend~ or the 1992A BOnds, or of moneys or funds held by the Escrow Agent under this Agreement thmt may be deemed to be the proceeds of the Refunded ~onda or the 199~A Bonds pursuant to $eotion the and regulations adopted under such Section 14B, as each is then in effect, in a manner that would cause uny of aefun~ed Bonds or the 1992A Bonds to be subjected to treatment under such Section l&g a~ an ?'arbitrage bond", and to that end the County shall comply with applicable regulations adopted under shah Section 148. SE~TIO~ 15. Benefit of Acreement: ~umendments. Thim Agreement i~ made for the benefit of the County and tho owners from time =o time of tho Refunded Bonds except es otherwise e~ressly provided herein. This Agreement shall not be repealed, revoked, altered or amended without the 'written consent of all such owners and the written consent of the Escrow Agent; provided, however, thut the County end the Escrow Agent may, without the consent o£~ or notice to~ such oqne~, enter into such agreements supplemental to this Agreement as shall not adversely affect the rights of ouch owners and as shall not be inconsistent with e_ha ter~$ provisions of this Agreement, for any one or more of the following purposes: (i} to cure any amblgu~ty or ~Qrmal defect or omission in this Agrssment; (~) to grant to, or Confer ~pon, the Escrow Agent for the benefit of such owners any additional rights, remed~e~ powers or authority that may lawfully be 'pranted to, or ~onferrod upon, such owners or the Agent; (iii) to subject to this Agreement additional funds, securities or proDertiss. · n the event this Agreemsnt shall ha supplemented ~y an agreement supplemental hereto in accordanc~ with the provisions of ~he immediately preceding sentsnc~, the County ~hall notify, in writing, each rating agency which ~hall been therets£ors requsate~ to rat~ the Refunded Bonds of the proposed amendment to this Agreement contemplated in much supplemental agreement prior to the effective dat~ of such amendment~ and shall deliver tO eaoh ~uch rating agency a copy of ~uch agreement supplemental hereto within thirty (~O) days after the e~ecution and delivery thereof. In the event that Moody's Investors Se~vlce i~ to be notified pursuant to this S~ction 1§ or Section 16, ~uch notice should be addreese~ to: Moody'~ Investors Service, P~blic Finance Rating Desk/Refunded Bon~s, 99 Churck Street, Nsw York, New York 10007. In the event that Standard & Poor's Corporation is to be notified pursuant to this Section 15 or Section 16, such notice be addressed to: Standard & Pcor'~ Co,oration, 25 ~roadway, ~ew York, New York 10004. (b) The Es=row Agent shall be entitled tc rely exclusively upon an unqualified opinion of counsel of recognized standing in the field of law relating to municipal bonds with respect to compliance with this Section including (i) the extent, if any, to which any change, nodiflcatlon or addition affects the rights of the c~ers of t. he Refunded Bonds and the 1992A Bonds, and (ii] the extent, if any, to which any instrument e~ec~ted hereunder complies with the oon~ition0 and previsions of thi~ Section 15. ~ECTION 16. Seve~ahilitV+ (a) If any one or more of the covenants or agreements provided in this Agreement the part of the County or the Escrow Agent to be performed ~ho~ld b~ determined by a court of competent jurisdiction to be contrary to law, such covenant or covenants, or ~uch agreement or agreements, or such portions thereof~ shall he ~ee~ed severable from the remaining covenant~ and agreements or portions thereof provided in %his Agreement and the invalidity thc=eof shall in no way affect the validity of oth~r provisionm of r~qis Agreement or of =~e Refunded Bonds or of the 199~A Bond~, and tho owners of the Refunded Bonds of the 1992A Bonds shall retain all the rights and b~n~fits 92-417 5/13/92 accorded t/~em hereunder and under applicable prc¥i~ions of law. (b) If any provision of this Agreement shall he held er deemed t0 be or shall, in unenforceable or invalid a~ applied any jurisdiction or Jurisdictions ar in all jnriedi~ticn~, or in all cases because it conflicts with any conetltutlcn or statute or ~/le of ~ublic polic~ or for a~y other reason, such circumstances shall not have the effect of rendering the ~rovision in question, inoDe~ative er unenforceable or invalid zn any other case or clrcum~tance, or of rendering any other provision or provisions herein contained inopnrative or unenforceable er invalid to any extsn% whatsoever. S~CT~oN 17. Law and Place of Enforcement oS this Acreement. This Agreement has been made in the C~onwealth cf Virginia and shall be sanstrum~ and inte~reted in aee0rdancu with the laws of the Commonwealth of Virginia and any suits and actions arising cut of this Agreement ~hall instituted in a federal court in the ~astern District of Virginia or in a circuit Court in Chesterfield County, Virginia. SECTION 1~. CounterQart~. Thi~ Agreement may be executed in neveral counterparts, all or any cf which shall be regarded for all p~rpo~e~ as on~ urlginal and ~hall constitute and be but one and the mane instrument. SECTION 19. Section Headings. The headings of the several sections h~reof shall be solely for convenience of reference and shall not affect the ~eani~g, Construction, interpretation er effect cf this Agreement. IN WIT~ESS W?iEREOF, ~he parties have each ~aused th~s Agreement tn be executed by their duly authorized officers and attested as of tbs date first above written. COUNTY OF C~ESTERFIELD~ VIRGINIA Title: County Administrator CR~STAI%BA~V~, Title: A~PENDIX A ~CHEDULE OF PAYMENT OF INTEREST A/~D P~DE~PTION PRICES OF TKE ~F~3~DED BONDS Date Interest Redemption Payment Due Des Price Tuts1 Debt 92-418 ~/13/92 EXHIBIT I Date of Maturity P~incipal (~ovember 1) Amount Interest Fate CUSIP Number EXHIBIT II GOVER~ENT SECURITIES United States Treasury Notes State and Local First Principal Interest I~sua Maturity Interest Amount Rate Date Date Pav~ent Date United State~ Treasury ~ill and Notes Principal Interest Purchase Maturity Aear~ed Total Amount R~t~ Date Det~ P~iee Interest Co~t (a) Uni~ud States Treasury Bill (b) Unite~ States Treasury Note EXHIBIT III ~OTIC~ OF ISSUANCE OF R~FUNDING BONDS COUNTY DF CMESTERFIELD, VIRGINIA, WATER AND SEWER ~%EVEI~3~ BO~b~, S=RI=$ ~988, ~SAqTJRING ON NOVE~BER 1, 1999 THi%DUGH 2006, BOTH INCLUSIIr~, AND ON-NOV~ER 1, NOTICE IS ~E~BY GIVEN that chesterfield, Virginia (the "County") on issued it~ County of Chesterfield, Virginia, th~ County of · 199~, Water and Sewer Revenue Refunding Bond~, Series 1992A (the "1992A ~on~s"), for the purpose of refunding in advance of their stated maturities its County of Chesterfield, virginia, Water and 8ewer Revenue Refunding Bonds, Series 1988, maturing on ~evember 1 in each of th~ years 1999 through 3006, both inclusive and 2018 (the "Re£unded Bonds"), which are outstanding as of the da%~ hereof in the amount nf $27,558,173.20. A portion of the proceeds of the 1992 Bonds, together with ethe~ available moneys, have been deposited with Crestar Bank, Richmond, Virgiuia, as Escrow Agent (the "Escrow Agent"), to be hel4 in trust and have been invested in certain non-callable direct obligations of the United States of America, ~11 as sst ~crth in ~n Escrow Deposit Agreement. dated as of May 19, 199], by and between the County of Chesterfield, Virginia, and the Escrow Agent. The proceed= of th~ 199~A Bonds and other available moneys so deposited with the Escrow Agent under sue~ Escrow Deposit Agreement are in such principal amount and invested in such obligations as will assa~e ~ufficient moneys (i) to pay when due the interest on the Refunded Bonds to November l, 1998; and (ii) to pay the redemption prises of the Refunded Bonds maturing on Nove~er 1 in each of th~ y~ars 1999 t~lro~gh 2~06, both inclusive, and 2010, which are to be redeemed on Nove~er 1, 1998 at a r~d~mption price equal to % of the res~eetlve the respective secreted va%=~ ~f the Capltal Appre~iatlon Bonds, together with the i~tere~t accrued thereon to November The maturity dates, ~rinoip~t amounts, ~nterest rates u~d CDSI~ ~umbers for the Refunded Bonds are as follows: Date of ~aturity Prlnci~al Interest CNov~er 1) Amount Rat~ CUSIP Number · This notice and the information eon=ained herein are provided solely for the information of the uwner~ ef the Refunded Bond~. There i~ no need for the owners of the Re£unded Bends to take any action with res~act to ~-heir Refnnded Bonds at the pre.eat time. This notice is being given in accord=nee with instructions fro~ the County and is being given in the name of the County and ~ig~et Trust company, as TrUstee for =he owners of the Refunded Bo~ds. Dated: , 1992 CRESTAR BANK, AS E~CROW AGENT FOR T~E COUNTY OF CHESTERFIELD, VIRGINIA EXHIBIT IV NOTICE OF REDEMPTION COUNTY OF C~IESTER~IELD, VIRGINIA, WATER AND SEWER ~VENI~E REFUNDING ~OND$, SERI~S 1988, ~RING ON NO~BE~ 1~ 1999 THROUGH 2006, BOTH INCLUSI~, ~D ON NO~ 1, 2010 T~ustee (the "Trustee")~ under a Bond Re~olution, adopted on ~uly 24, 195~, as supplemented by a ~ifth Supple.mental son~ Resolution, adopted on Nay 13, 1992 by th% Board of Supervisors of the County of Chesterfield, virginia, has designated for redemption and will redeem and pay on November 1, 199S, the above-referenced Bonds, maturin~ on November 1 in eac2a of the years 1999 through 2006, both inclusive, and The maturity dates, principal amounts, interest rates and cusip Numbers for ~uch Bonds to be redeemed are as £cllcw~: Bate of Maturity Principal (November 1] A~ount Intersmt Rate CUSIP The Bonds sp~cifiad above will be redeemed on November 1, 1995~ upon pr~eehtation and ~urr~der of such Bonds at the principal aorporate =rust office of s~gnet T~ust Company, in the City of Richmond, Virginia, Paying Agent for such ~ouds. On and after ~ovember 1, 1998 interest will cea~ to accrue on the Bond~ ~pecified herein. The Currant Coupon Bonds will be redeemed at a redemption price ec~al to % of the principal amount thereof together with ths in~erest accrued thereon to Nove~ber 1, 1998. The Capital Appreciation Bonds will be redeemed at a redemption price e~ual to % nf the accrete~ val~e thereof on November ~, 1998. [under federal law~ the paying agent for the Bonds specified above for redemption may be required tO withhold 20% of Da!rments to owners pre~entisg such Bonds for redemption if such owner~ hav~ failed to furnish a taxpayer identification number to such pay~n~ agent certified to be correct under p~naltie$ of perjury (or that such hol~er is awaiting a taxpaye~ {dentificaticn number). Certification may be ~ade on In~ernal Revenue Service Fsrm W-9, which may ~e obtained from the Internal Revenue service o~ most local bank~ a~ brokers. Failure of an owner to complete and return such certification to such Paying Agent, at the address indicated above for presentation and surrende~ of such Bonds~ may rePult in backup withholding of 20% of any payment cf redemption price to be ma~e ts such owner.]* [Nat less than 30 day~ nor than 60 days prior to November 1, SIGNET TRUST COMPANY, AS TRUSTBE *TO be revised a~ appropriate at the time of mailing. 92-421 5/13/92 EXKIBIT V Z~RO ~P~CIAL TREASURY OBLiGATTOf~S Principal Amount Intsrest I~sue Maturity Rate Date Date Vote: Unanimous 15. ADJOURNMEN~ On motion of Kr. CnlbeTt, seconded by Mr. McHale, fha Board adjourned at 9:45 p-m- until ~ay 27, 1992 at $:00 p.m, chain~an 92-422 5/13/92