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R-07-23 A RESOLUTION OF THE COUNCIL OF THE CITY OF PORTSMOUTH, VIRGINIA, APPROVING THE POWERS GRANTED BY THE GENERAL ASSEMBLY OF THE COMMONWEALTH OF VIRGINIA TO THE HAMPTON ROADS TRANSPORTATION AUTHORITY PURSUANT TO THE HAMPTON ROADS TRANSPORTATION AUTHORITY ACT, SECTIONS 33.1-391.6 et seq. OF THE CODE OF VIRGINIA OF 1950, AS AMENDED. WHEREAS, the General Assembly of the Commonwealth of Virginia has enacted, and the Governor of the Commonwealth of Virginia has approved, the Hampton Roads Transportation Authority Act, Sections 33.1-391.6 et seq. of Chapter 10.2 of the Code of Virginia of 1950, as amended (the "Act"); WHEREAS, the Act, which becomes effective July 1,2007, creates the Hampton Roads Transportation Authority (the "Authority") as a body politic and political subdivision of the Commonwealth of Virginia embracing the Counties ofIsle of Wight, James City and York and the Cities of Chesapeake, Hampton, Newport News, Norfolk, Poquoson, Portsmouth, Suffolk, Virginia Beach and Williamsburg; WHEREAS, the voting members of the Authority consist of the chief elected officer of the governing body (or his or her designee, who shall be a current elected officer of such governing body) of the counties and cities embraced by the Authority; WHEREAS, the Act empowers the Authority, among other things, to impose or assess certain specified fees and taxes for imposition or assessment by the Authority, including a gasoline sales tax, a real property conveyance grantor's tax, a vehicle rental tax, a vehicle safety inspection fee, an initial vehicle registration fee, a sales tax on auto repair labor and an annual vehicle registration fee, in all the counties and cities embraced by the Authority; WHEREAS, the Act provides that the fees and taxes authorized by the Act for imposition and/or assessment by the Authority shall only be imposed and/or assessed by the Authority if (i) at least seven of the twelve governing bodies of the counties and cities embraced by the Authority that include at least fifty-one percent (51 %) of the population of the counties and cities embraced by the Authority pass a duly adopted resolution stating their approval of such power ofthe Authority to impose and/or assess the fees and taxes specified in the Act no later than December 31, 2007, and, thereafter (ii) at least seven of the twelve voting members of the Authority that include at least fifty-one percent (51 %) of the population of the counties and cities embraced by the Authority vote in the affirmative to impose and/or assess all of the fees and taxes authorized by the Act for imposition and/or assessment by the Authority in all of the counties and cities embraced by the Authority; and WHEREAS, the Council of the City of Portsmouth, Virginia, approves of the powers granted to the Authority under the Act. NOW, THEREFORE BE IT RESOLVED by the Council of the City of Portsmouth, Virginia: