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AN ORDI~ANCE TO AMEND ARTICLE I¥ (E) OF CHAPTER 8 OF THE CODE <br />OF THE CITY OF PORTSNOUTH~ VIRGINIA, 1951, BY ADDING THERETO <br />A NEW SECTION i~q~BERED SECTION 8-1.61.1, TO PROVIDE FOR ASSESS- <br />MENT OF NEW BUILDINGS SUBSTANTIALLY CONPLA~I'~U AND FIT FOR USE, <br />OCCUPANCY ~ ENJOYMENT, AND FOR ABATEMENT OF LEVIES ON BUILD- <br />INGS RAZED OR DESTROYED OR DANAGED BY A FORTUITOUS HAPP~ING <br />BEYOND THE CONTROL OF THE OWNER, AS OF THE FIP~T DAY OF EACH <br />QUARTER YFAR. <br /> <br /> Be it ordained by the Council of the City of Portsmouth, Virginia, <br />that Article IV (E) of Chapter 8 of the Code of the City of Portsmouth, <br />Virginia, 1951, b~ amended by adding thereto a new section numbered Section <br />8-1.61.1 to read as follows: <br /> <br />Section 8-1.61olo Assessment of New Buildings and Abatement of <br /> Levies on Buildings Razed, Destroyed, or Damaged. <br /> <br /> Notwithstamdin~ any other provision of this article, all new build- <br />ings subs~antially completed s~ud fit for use, occupancy and enjoyment shall be <br />assessed in accordance with the provisions of Section 58-811ol of the Code of <br />Virginia, as of the first day of each qu~r~er year° Likewise, levies on build- <br />ings %Faich are r~zed or destroyed or damaged by a fortuitous happening beyond <br />the control of the owner shall be abated in accordance with the provisions of <br />Section 58-811.2 of the Code of Virginia, as of the first day of each quarter <br /> <br />Adopted at a meeting of the City Council held on February 13, 1962. <br /> <br />City Clerk. <br /> <br /> <br />