If 82% of Americans think the recession isn’t over, did the approval of agenda items 29-32 at Greensboro City Council’s meeting on Tuesday, September 1, 2009, violate City Council Resolution 252-08, adopted on October 21, 2008?

21. …Would you say that from your point of view the recession is over, or not over?

       

Over           Not over     No opinion

10/18/09    16%               82%                 1%

 

Washington Post-ABC News Poll…conducted by telephone Oct. 15-18, 2009

http://www.washingtonpost.com/wp-srv/politics/polls/postpoll_101909.html

REGULAR MEETING, TUESDAY SEPTEMBER 1, 2009

5:30 P.M. COUNCIL CHAMBER

29. Ordinance establishing in the amount of $134,000,000 Street Improvement Bond Fund (Series 2010) Capital Project Budget. (roll call vote) (Attachment #29 to Council members)

30. Ordinance establishing in the amount of $8,000,000 Parks & Recreational Facilities Bond Fund (Series 2010) Capital Project Budget. (roll call vote) (Attachment #30 to Council members)

31. Ordinance amending in the amount of $10,500,000 Parks & Recreational Facilities Bond Fund – Aquatic Center (Series 2010) Capital Project Budget. (roll call vote) (Attachment #31 to Council members)

32. Ordinance establishing in the amount of $1,000,000 Housing Bond Fund (Series 2010) Capital Project Budget. (roll call vote) (Attachment #32 to Council members)

http://www.greensboro-nc.gov/NR/rdonlyres/9026AEC4-627F-48D3-8E48-00598662BE7D/0/090901ag.pdf

252-08 RESOLUTION TO DELAY ISSUANCE OF THE BONDS APPROVED BY CITY COUNCIL FOR THE 2008 REFERENDUM WHEREAS, City Council has approved Bond Orders for submission to the voters of the City specifically Street Improvement Bonds in the amount of $134,000,000; War Memorial Auditorium Bonds in the amount of $50,000,000; Parks and Recreation Bonds in the amount of $20,000,000 and Housing Bonds in the amount of $1,000,000; WHEREAS, the Council believes that current economic conditions would make the issuance of the bonds which pass the Referendum unadvisable until the citizens are assured that the economic strength of the community will support the issuance of the bonds and the appropriate use of the funds.

NOW THEREFORE BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF GREENSBORO: That the Greensboro City Council shall not approve the sale or issuance of the 2008 Bonds, or any portion thereof, until the economy improves to the extent that the increase in the City’s overall debt is appropriate.

Greensboro City Council

October, 21 2008

http://greensboro.granicus.com/DocumentViewer.php?file=greensboro_02382c4b9da536126d4be5089b05327f.pdf