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December 5, 1972
<br />
<br /> At a regular City COuncil meeting held on December 5, 1972, in the City Council
<br />there were present:
<br />
<br />Jack P. Barnes, E. Saunders Early, Jr., ~ames W. H011ey, Burrell R. Johnson,
<br />Iaaac W. King, Raymond B. Smith, Robert.W. Wentz, Jr., A. P. Johnson, Jr.,
<br />City Manager, W. J. O'Brien, Jr., C~ty Attorney.
<br />
<br />Prayer was offered by Councilman King.
<br />
<br />Mayor Barnes extended a word of welcome to visitors in attendance.
<br />
<br /> Motion of Mr. Smith and seconded by Mr. Holley, minutes of November 21, 1972
<br />Council meeting, to be approved as corrected
<br />by the following vote:
<br />
<br />Chamber
<br />
<br /> City
<br />Item 72-497-mot~en by Mr. Smith, was adopted
<br />
<br />Ayes: Early, Holley, Johnson, King, Smith, Wentz, Barnes
<br />Nays: None
<br />
<br />The following reports from the City Manager were read:
<br />
<br /> 72-504 - "I submit the attached ordinance and recommend it be placed on first reading.
<br />This concerns real estate tax relief for senior citizens. While the provisions of this ordi~
<br />nance~:~dO~nD~tb~eom~effective until July 1, 1973, it is necessary to approve it at this time
<br />due to the requirement that an applicant must file by February 1 for eligibility for tax
<br />deferral.
<br />
<br /> Property owners 65 years and older are eligible CO qualify for this tax deferral, but
<br />only to property used as their residence. The combined income of owners or owners' relatives
<br />living in the dwelling shall not exceed $3,600 for an unmarried owner or $4,800 for a married
<br />couple.
<br />
<br /> The net combined financial worth shall not exceed $10,000 and the fair market'value
<br />of the property not to exceed $16,S00. The property must also have been owned and occupied
<br />by the applicant for the'preceding two calendar years and they not have disposed of assets
<br />to future heirs within the preceding five years, if these assets would make them ineligible.
<br />
<br /> That portion of the real estate tax that exceeds seven percentum of the gross combined
<br />income can be deferred, but not to exceed $200 each taxable year. Those persons whose income
<br />is less than $2,400 annually shall be granted deferral of their total real estate tax liabili
<br />
<br /> The best estimate that can be made is this will provide approximately $82,000 annually
<br />in tax relief for senior citizens. It should be noted that this can have an adverse effect
<br />on "Revenue Sharing" since under the regulations of these funds, any reduction in tax collec~
<br />tions will reduce the amount received under revenue sharing. To offset this, the City can
<br />adopt a service charge fee on certain tax~exempt properties. An ordinance on this will
<br />be presented when the next fiscal year's budget is considered.
<br />
<br /> Motion of Mr. King and seconded by Mr. Johnson, the fdll~wing b~d$~anc~ be ~taced on firs
<br />re~ding:
<br />
<br />"AN ORDINANCE TO z~4END THEiCODE OF THE, CITY OF PORTSMOUTH, VIRGINIA, BY ADDING
<br />i0-65.1, I0-65.2, 10-65.3, 10-65.4, 10-65.S, 10-65.6 AND 10-65.? PROVIDING FOR
<br />CERTAIN REAL ESTATE TAX RELIEF FOR THE ELDERLY."
<br />
<br />SECTIONS
<br />
<br /> Substitute motion of Mr. Smith and seconded by Mr. Early, the ordinance to be referred
<br />to a conference, was adopted by the following vote:
<br />
<br />Ayes: Early, Holley, Johnson, King, Smith, Wentz, Barnes
<br />Nays: None
<br />
<br /> 72-505 "I submit the attached ordinance and recommend it be placed on first reading.
<br />This amends the license tax pertaining to trucks.
<br />
<br /> ~en the license tax ordinance on automobiles was amended to conform to the State rate,
<br />the license rate on trucks was also amended. Since the State rate is substantially higher
<br />than what the City and the surrounding communities have been charging, it is being recommend~
<br />that we return to the old rate. This will make the City competitive with the neighboring
<br />cities."
<br />
<br /> ~ ~oZion of Mr. Smith and seconded by Mr. Johnson, the following ordinance was placed
<br />on first reading,.and by the following vote:
<br />
<br />"AN ORDINANCE TO ~MEND THE CODE OF THE CITY OF PORT~qOUTH, VIRGINIA,
<br />BY ~MENDING SECTIONS 18-318, 18-322 AND 18-324 THEREOF PERTAINING TO
<br />LICENSE TAXES FOR MOTOR VEHICLES, TRAILERS AND SEMI-TRAILERS."
<br />
<br />1961,
<br />
<br />Ayes: Early, Holley, Johnson, King, Smith, Wentz, Barnes
<br />Nays: None
<br />
<br /> 72-506 - "I submit the attached resolution and recommend its adoption. This authorizes
<br /> the transfer of a small tract of City property to the Portsmouth Parking Authority.
<br />
<br /> On the western edge of Edinburgh Square Parking Lot, there is an irregular-shaped parcel
<br />of land still titled in the name of the City which is within the curb line of the parking
<br />lot. The land was formerly a portion of the library site; however, there is a public servic~
<br />
<br />
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