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U NO <br />AN ORDINANCE TO APPROPRIATE AN INCREASE OF $250,000 OF <br />REGIONAL TOURISM ENTITY FUNDING TO BE RECEIVED FROM THE <br />COMMONWEALTH OF VIRGINIA IN THE FY 2017 GENERAL FUND FOR <br />THE VIRGINIA SPORTS HALL OF FAME. <br />BE IT ORDAINED by the Council of the City of Portsmouth, Virginia: <br />1. That it hereby appropriates the sum of $250,000 in the FY 2017 General <br />Fund for payment to the Virginia Sports Hall of Fame. <br />2. That the source of the appropriation shall be Regional Tourism Entity <br />funding received from the Commonwealth of Virginia and designated by the <br />Commonwealth for payment to the Virginia Sports Hall of Fame. <br />3. That no local match is required for the funds. <br />4. That estimated revenues and expenditures in the FY 2017 General Fund <br />Budget for this item are increased by $250,000 to a total of $600,000. <br />5. That this ordinance shall take effect on the date of adoption. <br />ADOPTED by the Council of the City of Portsmouth, Virginia at a meeting held <br />on March 14, 2017. <br />Teste: <br />City Clerk <br />