04-14-1972 PacketPresent:
Mr o Irvim
Mr o Leo 1v.
Mr. J.Ruf
Mr. A.J.E
Absent:
Mr. E.Mer
The Chair
Mr.Angus
problems
Mr o Powet
of floati
Mr. Rudy
Bond woul
Mro Rober
a brief p
the cost
Mr. Max S
before
Clover
Mr° Krepe:
project t]
It was gel
at the ne:
VIRGINIA: At an adjourned meeting of the
Board of Supervisors of Chesterfield
County, held at the Courthouse on
April 14, 1972 at 3:00
Also Present:
G.Horner, Chairman
yers, Vice-Chr.
fin Apperson
~epela
Lin O'Neill
Mr. Oliver Do Rudy, Comm. Atty.
Mr. John Russell
Mr° M.WoBurnett, Exec. Sec'y°
Mr. Bob Willlamson
Mr. Robert Painter, Co. Eng.
Mr. David Welchons,Asst. COo Eng.
Mr. Michael Ritz, Co. Planner
Mr.. Max Spencer, Health Dept.
nan explains the purpose of the meeting to discuss with
~owell, Mr. Bob Klein and Mr. Marvin Wicker, et al~ the
)f getting sewerage to the Swift Creek Reservoir area.
L explains the history of the project and the possibility
]g a Revenue Bond to finance such a program.
~nd Mr. Jack Spain, Attorneys~ both agree that a Revenue
be legal.
Klein of Reynolds, Smith and Hill, Project Manager, gives
an for the development of the first 500-acres and explains
.nvolved in pumping the sewage to the Pocoshock interceptor.
)encer explains the necessity to have a definite'commitment
Ztate will allow the pumping of the sewage from the
High School.
.a states that it will be hard to sell a bond program for a
~at will not offer any benefits to the people.
erally agreed that this matter would be discussed further
~t Utility meeting.
~ ~o~on_of_Mr. ~pper~on~ seconded by Mr. O'Neill~ it is resolved
nau =ne ~ignway ueparrment be ~quested to establish a 25-mile per hour
speed limit within the Deerfield Subdivision.
Ayes: Mr./Horner~ Mro Myers~ Mr. Apperson~ Mr. Krepela and Mr.O'Neill.
On motion]of Mro Apperson,seconded by Mr. Myers, it is resolved that
this Boaro adjourns at 5:45 p.m. to 5:00 P.M. ApriI 17, 1972.
REYNOLDS,
ARCHITECTS ·
SMITH AND HI~L.S
:NGINEERS ° PLAN '~S
PROJECT N O, _ _ _ _~_ _ _~_ _~_-_~_ _ _-~_
D E S I G N E R . ~/~-d_~__l_= _~_~)_j .........
DATE .... ~-----6~ --
SHEET NO ......................................
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· 'REYNOLDS,
ARCHITECTS ~ E
~MITH AND HI,~S
~iGINEERS * PLAI~ ~S
R~YNOLDS1 SMITH AND HJJ.,,LS PRo.m¢'r No.._~__~-__L_G"__..~__ .......
ARCHITECTS ~IENGINEERS ,, PLAI~ RS
'REYNOLDS.
ARCH&TECTS *
SMITH AND HIJ~i~S
:NGINEERS ,, PLAN[ ,S
REYNOLDS SMITH AND
ARCHITECTS.* ENGINEERS · PLAI~ RS
SHEET NO ~
.~¥NO'D$. ~MitH AND Hl~$
ARCHITECTS · ETGINEERS · PLAN:
REYNOLDS,
ARCHITECTS ·
MiTH AND HiLl'S
;INEERS · PLANN ;
Io
REYNOLDS,
ARCHITECTS ·
VIITH AND HII.,,J,,~
t I..oo
14-.00
Board
Cheste
Chest¢
Gentle
Chest~
Smith
ville,
to Art:
Act,
meeti
on atl
under:
to re
be pi
positJ
with
issua
Board
with
SWIFT CREEK DEVELOPMENT CORPORATION
April 14, 1972
f Supervisors
~field County
~field Courthouse, Virginia
hen:
Swift Creek Development Corporation, a joint venture of
rfield Land & Timber Corp., of Richmond, Virginia, and Reynolds,
& Hills, Architects-Engineers-Planners, Incorporated, of Iackson-
Florida, proposes that the County issue revenue bonds pursuant
cle VII, Section 10(b) of the Revised Constitution & Public Finance
)r the sanitary improvements as outlined and discussed at the
g of the Board of Supervisors on this date and as further delineated
ached drawings with backup engineering cost estimates. It is
rood that the full faith and credit of the County will not be pledged
lay the obligation. The principal and interest on the bonds shall
Ld solely from revenue generated by the aforementioned improvements.
We ask that you agree to this concept so that we will be in a
Dn to discuss the feasibility and conditions of such revenue bonds
.enders or underwriters. It is understood that all details of the
~ce of any such bonds would be subject to the approval of the
of Supervisors once we have reached some tentative arrangement
~he lenders or underwriters.
Board
your
We a(
CHES
By
of Supervisors
Page 2
April 14, 1972
If the foregoing is acceptable to the Board, we would appreciate
lgning the appropriate space at the bottom of this letter.
Sincerely,
SWIFT CREEK DEVELOPMENT CORPORATION
E. Angus Powell, Member Board of Directors
tee to the above:
ERFIELD COUNTY BOARD OF SUPERVISORS
Board
Ghest~
Chesh
Gentl~
Chest~
Smith
ville,
to Art:
Act,
meeti
on att
under~
to re
be pa:
positi
with
issua
Board
with
SWIFT CREEK DEVELOPMENT CORPORATION
April 14, 1972
,f Supervisors
rfield County
rfield Courthouse, Virginia
men:
Swift Creek Development Corporation, a joint venture of
rfield Land & Timber Corp., of Richmond, Virginia, and Reynolds,
& Hills, Architects-Engineers-Planners, Incorporated, of ~ackson-
Florida, proposes that the County issue revenue bonds pursuant
cle VII, Section 10(b) of the Revised Constitution & Public Finance
)r the sanitary improvements as outlined and discussed at the
g of the Board of Supervisors on this date and as further delineated
~ched drawings with backup engineering cost estimates. It is
rood that the full faith and credit of the County will not be pledged
.ay the obligation. The principal and interest on the bonds shall
d solely from revenue generated by the aforementioned improvements.
We ask that you agree to this concept so that we will be in a
~n to discuss the feasibility and conditions of such revenue bon'ds
~nders or underwriters. It is understood that all details of the
ce of any such bonds would be subject to the approval of the
of Supervisors once we have reached some tentative arrangement
%e lenders or underwriters.
e ,'le ~
loe W~,. qO~.,.,~ -b 51,'.m. Re,.. 17,