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t ,:1~ ~' 8 <br />~ ~ 201.5-01 <br />AN ORDINANCE TO REFUND THE SUM OF $10,771 TO BANK OF AMERICA <br />FOR ERRONEOUSLY PAID BANK FRANCHISE TAXES. <br />BE IT ORDAINED by the Council of the City of Portsmouth, Virginia: <br />1. That, pursuant to the provisions of Section 35-14 of the City Code, it <br />hereby authorizes the refund of $10,771 to Bank of America for bank franchise taxes <br />erroneously paid as a result of incorrect valuation information from the Commonwealth <br />of Virginia. <br />2. That the source of the refund is the FY 2014-15 General Fund revenues. <br />3. That this ordinance shall take effect on the date of its adoption. <br />ADOPTED by the Council of the City of Portsmouth, Virginia at a meeting held <br />on January 13, 2015. <br />Teste: <br />City Clerk <br />