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<br />. <br /> <br />. <br /> <br />. <br /> <br />lI~mMNCE NO. 2005-24 <br /> <br />AN ORDINANCE AUTHORIZING THE REFUNDING OF $163,858.46 TO U.S. <br />AMINES (PORTSMOUTH) FOR BUSINF;SS PERSONAL PROPERTY TAXES <br />ERRONEOUSLY PAID THEREON DURING CALENDAR YEARS 2003 AND <br />2004. <br /> <br />BE IT ORDAINED by the Council of the City of Portsmouth, Virginia: <br /> <br />I. That the Commissioner of the Revenue has determined that an erroneous <br />assessment of business personal property taxes on the assets of U.S. Amines <br />(Portsmouth) occurred during calendar years 2003 and 2004 as a result of the <br />overestimation of the taxpayer's assets. <br /> <br />2. That, as a result of the erroneous assessment, U.S. Amines (Portsmouth) is <br />entitled to a refund of business personal property taxes in the amount of $163,858.46 <br />under the provisions Section 35-12 of the Code of the City of Portsmouth, Virginia <br />(1988). <br /> <br />3. That the City Council hereby authorizes the payment to U.S. Amines <br />(Portsmouth) of $163,858.46 to refund the erroneous assessment as described above. <br /> <br />4. That this ordinance shall take effect on the date of its adoption. <br /> <br />ADOPTED by the Council of the City of Portsmouth, Virginia at a meeting held <br />on April 12, 2005. <br /> <br />Teste: <br /> <br />City Clerk <br />