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8
<br />
<br />May 14, 1974
<br />
<br />- UNFINISHED BUSINESS
<br />
<br />wa S
<br />
<br />74-165 - The f¢llowing ordinance, approved on first reading at the last meeting,
<br />taken up and read:
<br />
<br />"AN ORDINANCE TO APPROPRIATE $8500 FROM THE GENERAl FUND FOR PAYMENT FOR
<br />SERVICES RENDERED BY ACTUARIES WITH REGARD TO THE RETIREMENT SYSTEM."
<br />
<br />by
<br />
<br /> On motion of Mr.
<br />the following vote:
<br />
<br /> Ayes:
<br /> Nays:
<br />
<br />Johnson and seconded by Mr. Smith, the ordinance was adopted, and
<br />
<br />Early, Holley, Johnson, King, Smith, Wentz, Barnes
<br />None
<br />
<br /> 74-166 - The following ordinance, approved on first reading at the last meeting,
<br />was taken up and read:
<br />
<br />"AN ORDINANCE TO APFROPRIATE $3,000 FROM THE MENTAL HEALTH FUND FOR THE
<br />PURCHASE OF EQUIPMENT."
<br />
<br /> On motion of Mr. Smith and seconded by Mr, Johnson, the ordinance was adopted, and
<br />by the following vote:
<br />
<br />Ayes: Early, Holley, Johnson, King, Smith, Wentz, Barnes
<br />Nays: None
<br />
<br /> 74-167 The following ordinance, approved on first reading at the last meeting,
<br />was taken up and read:
<br />
<br />"AN ORDINANCE TO APPROPRIATE S199,590 FROM THE GENERAL CAPITAl IMPROVEMENT
<br />FUND FOR THE PURCHASE OF TRAFFIC SIGNALS AND CONTROLLERS; FOR THE PURCHASE
<br />OF A TV INSPECTION SYSTEM FOR SEWERS; AND FOR THE CONSTRUCTION AND RENOVATION
<br />OF CEMETERY BUILDINGS."
<br />
<br /> On motion of Mr. Johnson and seconded by Mr. Smith, the ordinance was adopted,
<br />by the following vote:
<br />
<br /> Ayes: Early, Holley, Johnson, King, Smith, Wentz, Barnes
<br /> Nays: None
<br />
<br />and
<br />
<br /> 74-168 - The following ordinance, approved on first reading at the last meeting,
<br />was taken up and ~read:
<br />
<br />"AN ORDINANCE TO APPROPRIATE $75,000 FROM THE GENERAL FUND FOR THE REPLACE-
<br />MENT OF AUTOMOTIVE AND MULTI-PURPOSE EQUIPMENT."
<br />
<br /> On motion of Mr. Smith and seconded by Mr. Johnson, the ordinance was adopted, and
<br />by the following vote:
<br />
<br />Ayes: Early, Holley, Johnson, King, Smith, Wentz, Barnes
<br />Nays: None
<br />
<br />74-85 The following ordinance was taken up and read:
<br />
<br />"AN ORDINANCE TO AMEND THE CODE OF THE CITY OF PORTSMOUTH, VIRGINIA, 1973
<br />BY AMENDING SECTIONS 2~261, 2-262, 2-264, 2-267 AND 2-268 THEREOF, AND BY
<br />ADDING THERETO TWO NEW SECTIONS NUMBERED 2-269 AND 2-270 PERTAINING TO
<br />THE 'CITIZENS ADVISORY COMMITTEE OF THE CITY OF PORTSMOUTH'."
<br />
<br /> On motion of Mr. King and seconded by Mr. Johnson, the ordinance was approved on
<br />first reading, and by the following vote:
<br />
<br />Ayes: Early, Holley, Johnson, King, Smith, Wentz, Barnes
<br />Nays: None
<br />
<br /> 74-108 - The following ordinance, approved on first reading at the last meeting,
<br />was taken up and read:
<br />
<br />"AN ORDINANCE TO AMEND THE CODE OF THE CITY OF PORTSMOUTH, VIRGINIA, 1961,
<br />BY AFF~NDING SECTIONS 10-65.4, 10-65.5 AND 10-65.6 PERTAINING TO REAL ESTATE
<br />TAX RELIEF FOR CERTAIN ELDERLY PERSONS.
<br />
<br />The following letter from the City Manager was read:
<br />
<br /> "The following report is being submitted in response to your request at the
<br />previous Council meeting that financial estimates be provided on the revenue impact
<br />of Tax Relief for the Elderly.
<br />
<br /> Included in the report is the methodology on which the report is based and
<br />an analysis of the current tax year. In order to arrive at the maximum impact, the
<br />analysis has been prepared on the assumption that the changes in the new ordinance
<br />would provide twice or triple the current participation and a fourth table shows maximum
<br />potential if all persons 65 or older applied and were eligible for tax relief. Each
<br />of the summary tables shown on the attachment have been estimated and extended on
<br />
<br />
<br />
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