October 9, 2007
MINUTES OF THE BROOKNEAL TOWN COUNCIL

7:00 PM – The regular meeting of the Brookneal Town Council

 

The municipal government of the Town of Brookneal met with the following members present:

 

Phyllis Campbell, Mayor

James Nowlin, Vice Mayor

Kenneth Jennings, Richard Adams, Stacey Hailey and Robert Jean, Council Members

Bobbie Waller, Clerk/Treasurer

Mike Crews, Public Works Director and Interim Town Manager

Ricky Cousins, Police Chief

Absent:  Tracy Meisenbach, Council Member

 

 

INVOCATION AND PLEDGE OF ALLEGIANCE TO THE FLAG

PUBLIC HEARING--GENERAL OBLIGATION BOND--USDA WATER GRANT

Mayor Campbell opened the public hearing at 7:01 p.m. regarding the proposed issuance by the Town of Brookneal of its water system improvement general obligation bond, series 2007, in an estimated maximum amount of $866,000 for sale to the United States of America for the purpose of financing improvements to the town water system.  Since no one appeared before Council for the public hearing, Mayor Campbell closed the public hearing at 7:04 p.m.

APPROVAL OF AGENDA

 

Upon motion by Robert Jean, seconded by Richard Adams and unanimously carried, Council approved the agenda for the October 9, 2007, regular meeting of the Brookneal Town Council.

 

 

MINUTES

 

Upon motion by James Nowlin, seconded by Stacey Hailey and unanimously carried, Council approved the September 11, 2007 Town Council minutes.

 

 

TREASURER’S REPORT

 

Councilperson Adams asked for the Treasurer to research information pertaining to the maturity in November 2007 of two of the Town’s certificates of deposit at the Bank of Charlotte County.  He asked that the information be presented to Council at the November 13, 2007 Council meeting.  Mayor Campbell then asked that the October 2007 treasurer’s report be filed for audit.

 

PRESENTATION AND APPROVAL OF INVOICES

 

Be it resolved that motion was made by James Nowlin, seconded by Robert Jean and unanimously carried, authorizing the payment of the invoices for the period of September 12, 2007, to October 9, 2007, in the amount of $15,052.07.

 

 

PUBLIC COMMENT

Mr. Kevin Bray of the Brookneal Chamber of Commerce appeared before the Council to present two proposals.  The first proposal is for the Chamber and the Town to work together.  The Chamber would like to see someone from the Town attend their meetings.  The Chamber in turn would like to get more involved in the Town’s schedule and events.  The second proposal is for the Town to provide some sort of funding to the Chamber in next year’s budget.  Chamber Member Joe Lunsford expressed his concerns about the disappointing turnout at the Chamber’s cookout in the spring.  Ms. Cheryl Parker of the Chamber expressed the need for some physical help with the parade which will be held on December 6, 2007 at 7:00 p.m.  They will be having a meeting on Thursday, October 18, 2007 at 6:00 to discuss the theme and prepare entry forms for the parade.

 

Mr. Lunsford also addressed derelict properties in the Town that need to be cleaned up.  He commended the properties that have already been cleaned up, but expressed concerns about the properties on Route 40 coming into Brookneal that are in need of attention.

POLICE REPORT

Chief Cousins announced that there is a burn ban in effect until further notice because of the extremely dry weather conditions.

 

PUBLIC WORKS REPORT

 

Mr. Mike Crews, Interim Town Manager and Public Works Director, announced that he would be attending several meetings in the coming weeks.  On Thursday, October 11, 2007, he will be attending a regional water supply plan meeting in Lynchburg.  On Friday, October 12, 2007, he will be attending the VML Risk Management Guidelines workshop in Farmville.  On Friday, October 23, 2007, he will be attending a meeting pertaining to the 2010 census at the Local Government Council office.  He also announced that Campbell County will be hosting a Regional Health Emergency Exercise on October 27, 2007 at Rustburg High School.

 

Mr. Crews announced that Travis Stocker has been hired as a new water treatment plant operator.

 

 

FALL CLEAN UP OCTOBER 22, 2007 THRU NOVEMBER 2, 2007

Mr. Mike Crews, Interim Town Manager, announced that fall clean up for the Town would be held October 22, 2007 thru November 2, 2007.

 

RESOLUTION FOR USDA BOND ISSUE

The following resolution was presented to the Council for their approval:

 

 

A RESOLUTION AUTHORIZING THE ISSUANCE, SALE AND AWARD OF A $866,000.00 WATER SYSTEM IMPROVEMENT GENERAL OBLIGATION BOND, SERIES 2007 AND PROVIDING FOR THE FORM, DETAILS AND PAYMENT THEREOF

 

 

WHEREAS, the Town of Brookneal, Virginia (the “Town”), is a public body politic and corporate of the Commonwealth of Virginia duly created by Charter under Ch. 420 of the Acts of Assembly of 1964, approved March 31, 1964, (the “Charter”) which Act repealed Ch. 60 of the Acts of Assembly of 1908, under which Act the Town had originally been established; and

WHEREAS, the United States of America acting through the Rural Utilities Service (the “Government”), has offered to purchase the Town’s $866,000.00 Water System Improvement General Obligation Bond, Series 2007, upon certain terms and conditions as set forth in the letter dated August 1, 2005 and made a part of this Resolution, and bearing interest at the rate of 4.125 %, and the Town, after mature consideration of the condition of the municipal bond market and other methods of selling its bonds, has determined to satisfy such terms and conditions and award the bond to the Government:

 

BE IT RESOLVED BY TOWN COUNCIL OF THE TOWN OF BROOKNEAL, VIRGINIA:

 

ARTICLE 11

 

DEFINITIONS

 

Section 1.11.1 Definitions:  Whenever used in this resolution, unless a different meaning clearly appears from the context:

 

(a)(a)    "Act" shall mean the Virginia Public Finance Act (Chapter 26, Title 15.2, Code of Virginia of 1950, as amended).

 

(b)(b)   "Closing Date" shall mean the date on which the Bond is delivered to the Government upon payment of the purchase price therefor.

 

(c)(c)    "Government" shall mean the United States of America, acting through Rural Utilities Service, its successors and assigns.

 

(d)(d)   "Bond" shall mean the Town's $866,000.00 Water System Improvement General Obligation Bond, Series 2007, issued pursuant to Article 3, notwithstanding its series designation which may be changed pursuant to Section 9.6 prior to its issuance.

 

(e)(e)    "Project" shall mean improvements to the System consisting of upgrades to the water treatment plant serving the Town through the installation of new pumps, flocculator and feeder equipment and related water line improvements.

(f)(f)    "System" shall mean the existing water system serving the Town, all additions, extensions and enlargements thereto and any water project or projects that may be duly authorized by the Town and made a part of the System.

 

 

 

ARTICLE 22

 

AUTHORIZATION OF PROJECT

 

Section 2.12.1 The Project:  In order to improve water facilities and equipment serving the citizens of the Town, the acquisition and construction of the Project was authorized by Resolution of the Town Council dated April 10, 2007.

 

Section 2.22.2 Modification of Project:  The Project may be modified by the Town; provided, however, that any such modification shall have been approved by the Government.

 

 

 

ARTICLE 33

 

AUTHORIZATION, FORM, EXECUTION, DELIVERY,

REGISTRATION AND PREPAYMENT OF BOND

 

 

Section 3.13.1 Authorization of Bond:  There is hereby authorized to be issued a general obligation bond of the Town in the principal amount of $866,000.00 to provide funds to finance the Project.  The Bond shall be designated “Town of Brookneal, Virginia $866,000.00 Water System Improvement General Obligation Bond, Series 2007.”

 

Section 3.23.2 Details of Bond:  The Bond shall be issued as a single fully registered bond without coupons in the denomination of $866,000.00, registered in the name of United States of America, Rural Utilities Service, shall be numbered R-1, shall be dated the Closing Date, shall bear interest at the rate of four and one-eighth percent (4.125%) per year, and shall provide for payment of combined principal and interest of $3,768.00 beginning twenty five months following the Closing Date and continuing each month thereafter for a period of 456 months until paid.  If not sooner paid, the final installment shall be due and payable 480 months from the Closing Date.  The payment of every installment shall be applied first to interest accrued to the payment date and then to principal.  In the event the Closing Date occurs on the 29th, 30th or 31st day of a month, the installment payment date shall be the 28th day of the month.

 

The Bond shall be delivered as a fully registered bond in the form substantially as set forth in Section 3.4.

Installments shall be payable in lawful money of the United States of America.  Installments shall be payable by pre-authorized electronic debit for the account of the registered owner of the Bond at such address as shall be provided from time to time by the registered owner, except that the final installment shall be payable upon presentation and surrender of the Bond at the office of the Registrar.

 

Section 3.33.3 Execution of Bond:  The Bond shall be signed by the Mayor of the Town and countersigned by its Clerk and its seal shall be affixed thereto.

 

Section 3.43.4 Form of Bond:  The Bond shall be in substantially the form set forth on Exhibit A.

 

Section 3.53.5 Registration and Exchange of Bond:  The Treasurer of the Town is hereby appointed Registrar.  Transfer of the Bond may be registered upon books maintained for that purpose at the office of the Registrar.  Prior to due presentment for registration of transfer the Registrar shall treat the registered owner as the person exclusively entitled to payment of principal and interest and the exercise of all other rights and powers of the owners.

 

Section 3.63.6 Delivery of Bond:  The Mayor and the Clerk are hereby authorized and directed to take all proper steps to have the Bond prepared and executed in accordance with its terms and to deliver the Bond to the Government upon payment therefor.  The Mayor and the Clerk are further authorized and directed to agree to and comply with, on behalf of the Town, any and all further conditions and requirements of the Government not inconsistent with this resolution in connection with its purchase of the Bond.

 

Section 3.73.7 Disbursement Proceeds of Bond:  Proceeds from the sale of the bond shall be disbursed at thirty (30) day intervals upon request of the Town as necessary for application to pay the cost of the Project.

 

Section 3.83.8 Prepayment of Bond:  Installments of principal due on the bond may be prepaid at the option of the Town at any time as a whole or in part from time to time (and if in part in inverse order of their maturities), without premium, from any source.  Prepayments of installments of principal shall not affect the obligation of the Town to pay the remaining installments payable as provided in Section 3.2.

 

 

 

ARTICLE 44

 

REVENUES AND FUNDS

 

Section 4.1      Revenue Fund:  All rates, fees and other charges or other revenue derived from the ownership or operation of the System shall be collected and, so far as may be practicable, deposited not less frequently than weekly in a special account designated the Revenue Fund.  Moneys on deposit in the Revenue Fund shall be used only in the manner and priority set out below.

 

Section 4.2      Debt Service Fund:  Each month the Town shall transfer from the Revenue Fund to a special account designated the Debt Service Fund an amount equal to the installments of interest or principal and interest, as the case may be, coming due on the Bond that month.  If there should be insufficient moneys in the Revenue Fund for this purpose, the deficit shall be added to the required payment for the month or months next ensuing until such deficit is eliminated.  When the balance in the Debt Service Fund shall equal the principal of and interest on the Bond then outstanding to their respective maturities, no further transfers to the Debt Service Fund shall be required.  The Town shall pay installments of principal and interest on the Bond from the Debt Service Fund as the same become due.

 

Section 4.3      Balance in Revenue Fund:  Any balance remaining in the Revenue Fund each month, after making the transfers to the Debt Service Fund required by Section 4.2 may be used by the Town for any lawful purpose.

 

Section 4.4      Pledge of Revenues:  All revenues derived by the Town from the use of and services furnished by the System and all moneys in the Revenue Fund and Debt Service Fund are hereby pledged to the payment of the principal of and interest on the Bond, subject to the right of the Town to make application thereof to other purposes as provided herein.

 

 

ARTICLE 55

 

SECURITY FOR DEPOSITS AND INVESTMENT OF FUNDS

 

Section 5.15.1 Security for Deposits:  All moneys on deposit with any bank or trust company shall be secured for the benefit of the Town and the holder of the Bond in the manner required by the Virginia Security for Public Deposits Act (Chapter 44, Title 2.2, Code of Virginia of 1950, as amended) or any successor provision of law.

 

 

 

ARTICLE 66

 

PARTICULAR COVENANTS

 

Section 6.16.1 Payment of Bond:  The Town shall pay promptly, as provided herein, the principal of and interest on the Bond.

 

Section 6.26.2 Operation and Maintenance:  The Town shall operate the System in an efficient and economical manner, maintain the same in good condition and make all necessary repairs, replacements and renewals.  All compensation, salaries, fees and wages paid by it in connection with the operation, maintenance and repair of the System shall be reasonable.  The Town shall comply with all applicable state and Federal laws.

 

Section 6.36.3 Competition:  The Town shall not operate or assent to the operation of any utility service in competition with the System.

 

Section 6.46.4 Consulting Engineer:  The Town shall at all times employ as Consulting Engineer an engineering firm or individual engineer of recognized standing and experience registered in the Commonwealth of Virginia, whose duties shall include a general engineering review of the construction of the System and advice as to proper operation, maintenance and repair of the System.

 

Section 6.56.5 Sale or Encumbrance.  The Town shall not sell, transfer, lease or otherwise encumber the System or any portion thereof, nor permit others to do so, without the prior written consent of the Government.

 

Section 6.66.6 Title to Lands:  All parts of the System shall be located on lands to which title in fee simple or over which valid perpetual easements, in either case sufficient for the purposes of the System, are owned by the Town, or over which the Town has a valid license satisfactory to the Government.

 

Section 6.76.7 Insurance:        The Town shall require and maintain such insurance coverage with respect to the System as may be required by the Government, including without limitation:

 

(a)(a)    insurance covering all insurable above-ground structures, equipment, electrical and other machinery forming a part of the System;

 

(b)(b)   flood insurance covering all structures forming a part of the System located in flood plains;

 

(c)(c)    public liability and property damage insurance;

 

(d)(d)   workmen's compensation insurance on all employees of the Town; and

 

(e)(e)    fidelity bonds on all officers and employees of the Town entrusted with the receipt and disbursements of funds in an amount not less than the maximum amount of funds expected to be on hand at any one time with the Town naming the Government as a co-obligee.

 

Section 6.86.8 Records and Reports:  The Town shall establish and maintain such books and records relating to the operation of the System and its financial condition and provide for an annual audit, all in such manner as may be required by the Government.  Copies of all such audits shall be submitted to the Government as soon as they are obtained by the Town.  The Town shall prepare and submit to the Government such additional information and reports as the Government may from time to time reasonably require.

 

Section 6.96.9 Access to Books and System:  The Town shall provide to the Government at all reasonable times access to all books and records relating to the System and access to the property of the System so that the Government may ascertain that the Town is in compliance with all the provisions of this resolution and all other instruments incident to the purchase of the Bond by the Government.

 

Section 6.106.10         Refinancing:  The Town shall refinance the unpaid principal balance of the Bond upon the request of the Government if at any time it shall appear to the Government that the Town is able to do so with funds obtained from responsible private sources at reasonable rates and terms for loans for similar purposes and periods of time.

 

 

 

ARTICLE 77

 

DISCHARGE

 

Section 7.17.1 Discharge upon Payment of Bond:  If the Bond shall have become due and payable in accordance with its terms or shall have been duly called for the prepayment and the full amount of the principal, interest and prepayment premium, if any, so due and payable upon the Bond shall have been paid at the time and in the manner provided therein and in this resolution, then the right, title and interest of the holder of the Bond in the revenues and the other moneys, funds and securities pledged under this resolution and all covenants, agreements and other obligations of the Town to the holder of the Bond under this resolution shall cease, terminate and be void and the Town shall be discharged from its obligations hereunder.  In such event all moneys and securities not required for the payment of the principal, interest and prepayment premium, if any, on the Bond, may be used by the Town for any lawful purpose.

 

 

 

ARTICLE 88

 

DEFAULT AND REMEDIES

 

Section 8.18.1 Default and Remedies:  Upon default by the Town (a) in the payment of principal of or interest on the Bond, (b) in the performance of any covenant or agreement contained in the Bond or in this resolution or (c) upon the filing of a petition in bankruptcy by the Town, the holder of the Bond at its option may:

 

(a)(a)    declare the entire unpaid principal amount of the Bond then outstanding and accrued interest thereon to be immediately due and payable;

 

(b)(b)   incur and pay such reasonable expenses for the account of the Town as may be necessary to cure the cause of any default;

 

(c)(c)    proceed to protect and enforce its rights under the Bond and this resolution by a suit, action or special proceeding at law or in equity, either for the specific performance of any covenant or agreement or execution of any power or for the enforcement of any proper legal or equitable remedy as may be deemed most effectual to protect and enforce such rights.

 

Section 8.28.2 Remedies Cumulative:  No remedy conferred hereby is intended to be exclusive of any other remedy, and every remedy shall be cumulative and in addition to every other remedy herein or now or hereafter existing in equity, at law or by statute.

 

 

 

ARTICLE 99

 

MISCELLANEOUS

 

Section 9.19.1 Contract with Bondholder:  The provisions of this resolution shall constitute a contract between the Town and the holder of the Bond for so long as any of the Bond and interest thereon are outstanding.

 

Section 9.29.2 Town Officers and Agents:  The officers and agents of the Town shall do all acts and things required of them by this resolution, the Bond and the Act for the complete and punctual performance of all the terms, covenants and agreements contained therein.

 

Section 9.39.3 Limitation of Rights:  Nothing expressed or mentioned in or to be implied from this resolution or the Bond is intended or shall be construed to give to any person or company other than the parties hereto and the holder of the Bond any legal or equitable right, remedy or claim under or in respect to this resolution or any covenants, conditions and agreements herein contained; this resolution and all of the covenants, conditions and agreements hereof being intended to be and being for the sole and exclusive benefit of the parties hereto and the holder of the Bond as herein provided.

 

Section 9.49.4 Limitation of Liability of Officials of Town:  No covenant, condition or agreement contained herein shall be deemed to be a covenant, agreement or obligation of a present or future member, officer, employee or agent of the Town in his individual capacity, and neither the members of the Town Council nor any officer thereof executing the Bond shall be liable personally on the Bond or be subject to any personal liability or accountability by reason of the issuance thereof.  No member, officer, employee or agent of the Town shall incur any personal liability with respect to any other action taken by him pursuant to this resolution or the Act, provided he acts in good faith.

 

Section 9.59.5 Conditions Precedent:  Upon the issuance of any bonds all acts, conditions and things required by the Constitution and statutes of the Commonwealth of Virginia or this resolution to have happened, exist and to have been performed precedent to or in the issuance of such Bond shall have happened, exist and have been performed.

Section 9.6      Series Designation:  In the event the Bond is not issued during calendar year 2007, the Mayor and Clerk of the Town are hereby authorized and directed to change the series designation to such other year as may be appropriate at the time of its issuance.  Thereafter all references in this resolution to the Bond shall be deemed to refer to the General Obligation Bond issued pursuant to Article 3 under its new series.

 

Section 9.7      Repeal of Resolutions in Conflict:  All other resolutions, or parts thereof, in conflict with this resolution are hereby repealed except for such resolutions as may have been adopted by the Town at the specific request of the Government as a condition to its purchase of the Bond.

 

Section 9.8      Successors and Assigns:  All the covenants, stipulations, promises and agreements of the Town contained in this resolution shall bind and inure to the benefit of its successors and assigns, whether so expressed or not.

 

Section 9.9      Headings:  Any headings in this resolution are solely for convenience of reference and shall not constitute a part of the resolution nor shall they affect its meaning, construction or effect.

 

Section 9.10    Severability:  If any court of competent jurisdiction shall hold any provision of this resolution to be invalid and unenforceable, such holding shall not invalidate any other provision hereof.

 

Section 9.11    Effective Date:  This resolution shall take effect immediately.  The Clerk of the Town is hereby authorized and directed to file a certified copy of this resolution in the office of the Town.

 

This Resolution was passed by a vote of the Brookneal Town Council on the 9th day of October, 2007.

 

_________________________________

Mayor, Town of Brookneal

 

(SEAL)

 

ATTEST:

 

_________________________________

Clerk of Council

 

 


EXHIBIT A TO RESOLUTION OF

TOWN OF BROOKNEAL

Dated ___________, 2007

 

No. R-1

$866,000.00

 

UNITED STATES OF AMERICA

COMMONWEALTH OF VIRGINIA

TOWN OF BROOKNEAL

 

The Town of Brookneal (the “Town”), a public body politic and corporate of the Commonwealth of Virginia duly created by charter under Ch. 420 of the Acts of Assembly of 1964, approved March 31, 1964, (the "Charter") which Act repealed Ch. 60 of the Acts of Assembly of 1908, under which Act the Town had originally been established, for value received, hereby promises to pay to the United States of America, Rural Utilities Service, (the “Government”),  or registered assigns, the principal sum of

 

EIGHT HUNDRED SIXTY-SIX THOUSAND DOLLARS

($866,000.00)

 

and to pay to the registered owner hereof interest on the unpaid principal from the date hereof until payment of the entire principal sum at the rate of Four and One Eighth Percent (4.125 %) per year.  Interest only shall be payable during the first twenty-four (24) months hereof and shall be payable annually on the first and second anniversary dates hereof. Thereafter monthly payments of combined principal and interest of Three Thousand Seven Hundred and Sixty Eight Dollars ($3,768.00) shall be payable beginning on the twenty fifth (25th) month from the date hereof and continuing monthly thereafter for Four Hundred Fifty Five (455) consecutive months thereafter until the principal of this bond is paid in full, each installment to be applied first to interest accrued to such payment date and then to principal.  The final installment, if not sooner paid, of all amounts owed hereunder shall be due and payable Four Hundred Eighty (480) months from the date hereof. Such installments shall be payable in lawful money of the United States of America by pre-authorized electronic debit for the account of the registered owner of the Bond at such address as shall be provided from time to time by the registered owner, except that the final installment shall be payable upon presentation and surrender hereof at the office of the Registrar.

 

Amounts shall be advanced against this bond as requested by the Town and approved by the Government and interest shall accrue on the amount of each advance from its actual date as shown on the Record of Advances attached hereto. The Town agrees to use the proceeds of advances solely for the purposes authorized by the Government.

 

This bond has been authorized by a resolution adopted by the Town Council on October 9, 2007 (the “Bond Resolution”), and is issued pursuant to the Charter and the Virginia Public Finance Act to provide funds to finance improvements to the Town’s water system.  A copy of the Bond Resolution is on file at the Town Hall, Brookneal, Virginia.  This bond is a general obligation of the Town.  Reference is hereby made to the Bond Resolution and any amendments thereto for the provisions, among others, describing the pledge and covenants securing the bond, the nature and extent of the security, the terms and conditions upon which the bond is issued, the rights and obligations of the Town and the rights of the bondholder.

 

Both principal of and interest on this bond constitute an indebtedness of and a pledge of the full faith and credit of the Town of Brookneal, Virginia.  All revenues derived by the Town from the System are hereby pledged to the payment of the principal of and interest on the bond.

 

Installments of principal due on this bond may be prepaid at the option of the Town at any time as a whole or in part from time to time (but if in part, in inverse order of their maturities), without premium.  Prepayments of installments of principal shall not affect the obligation of the Town to pay the remaining installments payable as provided above.

 

This bond is fully registered as to both principal and interest.  Transfer of this bond may be registered upon books maintained for that purpose by the Registrar.  Prior to due presentment for registration of transfer the Registrar shall treat the registered owner as the person exclusively entitled to payment of principal and interest and the exercise of all other rights and powers of the owner.

 

Any amount expended or advanced by the Government for the collection hereof or to protect any security herefor, at the option of the Government, shall become a part of and bear interest at the same rate as the principal hereof and be immediately due and payable by the Town to the Government without demand.

 

All acts, conditions and things required by the Constitution and statutes of the Commonwealth of Virginia to happen, exist or be performed precedent to and in the issuance of this bond have happened, exist and have been performed.

 

 

IN WITNESS WHEREOF, the Town has caused this bond to be signed by its Mayor, to be countersigned by its Clerk, its seal to be affixed hereto and this bond to be dated _____________, 2007.

 

 

(CORPORATE SEAL)

 

 

TOWN OF BROOKNEAL,

ATTEST:                                                                     VIRGINIA

 

_____________________________                          ______________________________

Clerk, Town of Brookneal                                          Mayor, Town of Brookneal

TRANSFER OF BOND

 

Transfer of this bond may be registered by the registered owner or his duly authorized attorney upon presentation hereof to the Registrar who shall make note of such transfer in books kept by the Registrar for that purpose and in the registration blank below.

Date of                                    Name of                                              Signature

Registration               Registered Owner                             of Registrar

 

United States of America

___________, 2007    Rural Utilities Service             ____________________

 

RECORD OF ADVANCES

Amount                                                                                  Date

_______________________                                                  ______________________

 

 

 

Upon motion by Kenneth Jennings, seconded by James Nowlin and unanimously carried, the Council adopted the preceding resolution authorizing the issuance, sale, and award of an $866,000 water system improvement general obligation bond, series 2007 and providing for the form, details, and payment thereof.

 

A verbal vote was taken as follows:

 

Mr. Hailey                   Aye

Mr. Jean                      Aye

Mr. Adams                  Aye

Mr. Nowlin                 Aye

Mr. Jennings                Aye

 

With all in favor, the motion carried.

 

 

RESOLUTION FOR PAYDAY LENDING PRACTICES

After discussion in the committee meeting prior to the Council meeting, this issue was tabled until further information is obtained.

 

 

REGIONAL DINNER OCTOBER 18, 2007

Virginia’s Region 2000 Partnership is hosting its annual dinner meeting on Thursday, October 18, 2007, at the Oakwood Country Club at 6:30 p.m.  All council members are invited to attend.  Council members were asked to inform the Clerk/Treasurer by Friday, October 12, 2007 if they would be attending, so that a count could be relayed to the Region 2000 office.

 

 

ITEMS FROM TOWN COUNCIL

Robert Jean discussed the trash problem on Cook Avenue.  He suggested mounting stationary trash cans on the street to see if that would help with the problem.

 

 

ADJOURNMENT

Upon motion from Kenneth Jennings, seconded by James Nowlin, and unanimously carried, Mayor Campbell announced that the October 9, 2007, Council meeting was adjourned.

 

 

 

 

___________________________                  ____________________________

Bobbie A. Waller                                             Phyllis L. Campbell

Clerk/Treasurer                                               Mayor

 

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Brookneal, VA 24528