City Council will meet Tuesday, July 19, in a business session at 7 p.m., followed by a work session. Both sessions are open to the public.
The business session will be held in the Council Chambers on the fourth floor of the Municipal Building, which is located at 427 Patton St.
The work session will be held on the same floor, but across the hall in the Council Conference Room. In work sessions, Council reviews non-routine matters that will be voted upon in future business meetings.
During the business session, City Council is scheduled to hold a first reading on a resolution to authorize bond financing for $3.8 million in school projects, $2.9 million in general city government projects, and $1.5 million in electric system projects.
In addition, City Council will consider a recommendation to possibly refund Series 2009A, 2013A, 2014A and 2014B bonds, enabling the City to refinance this debt over the remaining life at a lower interest rate.
A first reading is an introductory step required by City code before certain matters can be voted upon by City Council. This step serves to provide public notice of pending action. City Council will hold a public hearing, but it cannot vote on this matter Tuesday night. The earliest vote that can take place will be the first Council meeting in August.
In addition to the budget, City Council has votes scheduled on the following matters:
• approval of a support agreement enabling the Regional Industrial Facility Authority to refinance bonds used to develop Can Creek Industrial Park. The bonds originally were issued in 2005 as variable rate financing in the amount of $7.3 million. The amount refinanced will be $3.7 million with a fixed rate of 2.34 percent over three years. The amortization schedules continues to be based on a final maturity of Jan. 1, 2026. Prior to the expiration of the three-year term, the agreement will need to be renegotiated or other financing sought.
• approval of the mayor’s appointments of City Council members to various boards. James Buckner would remain on Dan River Business Development Center’s board and Sherman Saunders would remain on the Danville Development Council and Employee Retirement System Board of Trustees. Fred Shanks would remain on the Metropolitan Planning Organization’s board, and he would be joined by Lee Vogler. In addition, Shanks would be appointed to the West Piedmont Planning District Commission’s board. Larry Campbell would remain on the Transportation Advisory Council.
• moving the next City Council meeting, which is scheduled for Tuesday, Aug. 2, to Thursday, Aug. 4. The change in dates would permit members of City Council to attend the local National Night Out event on Aug. 2.
For the work session, City Council will review monthly financial statements and discuss a proposed swap of property with Woodall Chevrolet.
River City TV, the city’s government access channel, will air the business session. Watch it live on cable (Comcast channel 10 and Gamewood channel 122) or streaming on the River City TV Facebook page, or the city's YouTube channel – DanvilleVaGov.
River City TV does not air work sessions, but they are open to the public.
