R-10-56 r emi.
RESOLUTION NO. R -10 -56
A RESOLUTION REQUESTING THE 2011 SESSION OF THE VIRGINIA
GENERAL ASSEMBLY TO ENACT AN AMENDMENT TO CHAPTER 8, SECTION
8.8(D) OF THE CITY CHARTER OF THE CITY OF FAIRFAX, VIRGINIA,
CONCERNING THE REFERENDUM REQUIREMENT FOR REVENUE BONDS
WHEREAS, at a regular meeting of the City Council held on November 30, 2010,
after due and proper publication of the notice of public hearing pursuant to Section 15.2 -202,
Code of Virginia (1950), as amended, which notice contained inter alia, an informative
summary of the proposed amendment to the City Charter of the City of Fairfax, Virginia (the
"City Charter ") a public hearing with respect to such proposed amendment was held before
the City Council in which all citizens so desiring were afforded the opportunity to be heard to
determine if the citizens of the City desire that the City request the General Assembly to
amend its existing City Charter in the form and manner hereinafter referred to and as provided
in the aforesaid notice; and
WHEREAS, upon conclusion of such public hearing and upon consideration of the
proposed amendment to such Charter, the City Council is of the opinion that the 2011 Session
of the General Assembly of Virginia should be requested to amend the City Charter as
hereinafter set forth.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of
Fairfax, that the General Assembly of Virginia is hereby requested during its 2011 Session to
amend the City Charter as follows:
Amend Chapter 8, Section 8.8(d) of the City Charter to read in its entirety as follows:
"Sec. 8.8(d). Revenue bonds.
Any such revenue bonds, as set forth in this Section 8.8, shall be deemed to be negotiable
instruments, and shall be authorized, executed and sold as provided under general law,
specifically, the provisions of the Virginia Public Finance Act of 1991 (Code of Virginia,
Section 15.2 -2600 et seq.) as the same may be superseded or amended. Without limiting the
foregoing, any referendum requirement contained within this Charter shall not be applicable
to revenue bonds.
ADOPTED this 30"' day of November, 2010.
Mayor
ATTEST:
City Clerk
The vote on the motion to approve was recorded as follows:
VOTE:
Councilwoman Cross Aye
Councilman Drummond Aye
Councilman Greenfield Absent
Councilman Meyer Aye
Councilwoman Schmidt Aye
Councilman Stombres Aye