12-04-1979 Minutes111.
BOARD OF SUPERVISORS
MINUTES
December 4, 1979
Supervisors in Attendance:
Mr. E. Marlin O'Neill, Sr., Chairman
Mrs. Joan Girone, Vice Cbm~rnmn
Mr. J. 'Rnffin Apperson
Mr. Co L. Bookman
Mr. R. Garlm~d Dodd
Mr. Nicholas M. Meiszer
County Administrator
Staff in Attendance:
Mrs. Sallye Anthony, Internal Audit~
Mr. Steve Micas, County Attorney
Mr. Irene Ramsey, Budget Director
Mr. Elmer Hodge, Manag~mmnt Services
Director
Mr. Jamms Edmondson, Accounting Dire
Mrs. Arlene McGuire, Treasurer
Mrs. Girone called the meeting to order at 12:00 noon(EST) in the
absence of the Chairman at the Office of the State Treasurer,
Commonwealth of Virginia.
Mr. Meiszer opened sealed bids for $16,100,000 in Chesterfield
County General Obligation Bonds with the following results:
Bank
Canadian/True % Cost Rank
Bankers' Trust Company
The Northern Trust Company
The Chase Manhattan Bank, N.A.
Morgon Guaranty Trust Company of N.Y.
Citibank, N.A.
6.42040 1
6.457020 3
6.4836 5
6.4379 2
6.4799 4
The bids were analyzed and interest rates were verified by Mr.
George Pugh, Vice President of Craigie Incorporated.
Mr. O'Neill joined the meeting.
On motion of the Board, the following resolution was adopted:
Whereas, the American people view with grave concern the
flagrant disregard for international law by the Government of
Iran in the illegal detention of 50 American citizens; and
Whereas, the American people wish to express their unqualified
support for our Government's demand for the immediate release of
the American hostages; and
Whereas, we wish to declare a reaffirmation of our Support
to our Government in its quest for justice and freedom, and to the
~rinciples upon which this Nation was founded; and
Whereas, Unity Day affords us the opportunity to join with
,ur fellow citizens in expressing our unqualified support for our
Government and our illegally detained fellow Americans.
Now, Therefore, Be It Resolved that the Board of Supervisors
of Chesterfield County, Virginia, hereby proclaims Wednesday,
December 5, 1979 as Unity Day in Chesterfield County.
~ote: Unanimous
3pon completion of' the bid analyses for the $16,100,000 bond
issue, Mr. Pugh confirmed the interest rates as reflected in item
II above and advised the Board of Supervisors to accept the iow bid
~ubmitted by Bankers Trust Company, P.O. Box 318, Church Street
;tation, New York, NY 10015.
]n motion of Mrs. Girone, seconded by Mr. Bookman, the Board acceptE
the low bid submitted by Bankers Trust Company which represents
True or Canadian interest cost of 6.42040 percent.
ore: Unanimous
79-541
On motion of Mr. Bookman, seconded by Mr. Dodd, the Board
adjourned at 12:45 p.m. to lunch with the legislators at the
Bull and Bear Club.
Vote: Unanimous
Reconvening:
On motion of Mr. Apperson, seconded by Mrs. Girone, the Board adjou
at 3:05 p.m. until ,2:00 p.m. on December 6, 1979 at which time those
nembers wishing to be present could hear a presentation by VCU stud~
~n proposals for several park sites in the County.
Vote: Unanimous
IN. fch.olas M. Meiszerz/7
Sounty Administrat~
79-542
E. Merlin O'Neill, 'Sr.
Chairman