Roanoke Times
Copyright (c) 1995, Landmark Communications, Inc.
DATE: TUESDAY, November 1, 1994 TAG: 9411010067
SECTION: CURRENT PAGE: NRV-5 EDITION: NEW RIVER VALLEY
SOURCE: PAUL DELLINGER STAFF WRITER
DATELINE: PULASKI LENGTH: Medium
The hearing is scheduled for the start of Pulaski Town Council's meeting which gets under way at 4 p.m. in the Municipal Building.
The bonds to finance the work on Pulaski's aging water system would be issued by the Farmers Home Administration. Interest would be 4.5 percent per year.
The town would have to pay interest only on the first and second anniversaries of the closing date of the loan. Equal installments of principal and interest would be due starting 25 months after the closing date for 40 years.
Since there is no prepayment penalty, the town plans to pay off the loan in 15 years or sooner.
During the 1995-96 budget preparation, the town's administrative staff and Finance Committee would develop an amortization schedule based on revenue and expense forecasts.
Town water problems including low pressure to some neighborhoods and water loss because of leaks in the system have been a long-standing problem in Pulaski. Town Manager Tom Combiths will outline a recommended list of water projects through mid-1995 at the meeting.
Council will also schedule a period for collecting leaves from in front of town homes. The recommended collection period is Nov. 14 through the end of the year.
The governing body will discuss scheduling an environmental assessment with the state of Virginia on extending the New River Trail two miles from its current stopping point at the town limits into Pulaski to the Train Station building. Preliminary trail right-of-way plans have been sent to Richmond.
The former depot, given to the town by Norfolk Southern Corp. and renovated over a period of years, was dedicated June 11. It houses the Raymond Ratcliffe Memorial Museum and is scheduled to become the new location for the Pulaski County Chamber of Commerce, now in the Municipal Building.
It is seen as a place for visitors to get information about the town and its attractions, especially visitors coming into Pulaski by way of the New River Trail. Right-of-way for the linear New River Trail State Park was also donated by Norfolk Southern to the state, and ranges into Wythe, Carroll and Grayson counties and the city of Galax.
In other business, council will consider changing its rules to require ordinances and resolutions being considered by the governing body to be read aloud only when a council members requests it. Otherwise, they will be voted on without being read aloud and without council having to vote to expressly waive a reading.
Such waivers are generally voted routinely to save time. Printed copies of ordinances and resolutions are available for people attending council meetings to read if they wish to do so.
by CNB