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72-221 "I sUbmit the attached ordinance and recommend it be placed on first reading.
<br />This amends the City License Tax on motor vehicles to establish the same rate as the
<br />State charges.
<br />
<br /> The new rate is $15.00 for an auto of less than 4,000 Pounds and $20.00 for vehicles
<br />over. It is estimated that this will produce $190,000 in revenue. TheSe funds have
<br />been estimated in the 1972-73 budget."
<br />
<br /> On motion of Mr. King and seconded by Mr. Raymond Smith, the following ordinance was
<br />approved on first reading, and by the following vote:
<br />
<br />"AN ORDINANCE TO AMEND TttE CODE OF THE CITY OF PORTSMOUTH, VIRGINIA, 1961,
<br />BY AMENDING SECTIONS 18-318, 18-321, 18-322, 18-323, 18-324, 18-32S AND
<br />18r330 THEREOF PERTAINING TO LICENSE TAXES FOR MOTOR VEHICLES, TRAILERS AND
<br />SEMITRAILERS."
<br />
<br />Ayes: Holley, Johnson, King, Irvine Smith, Raymond Smith, ~a?mem$ Barnes
<br />Nays: None
<br />
<br /> 72-222
<br />This adopts
<br />1972-73.
<br />
<br /> "I submit th~ attached ordinance and recommend it be placed on first reading.
<br />the Real Estate, Personal Property and MaChinery and Tools Tax rate for fiscal
<br />
<br />The following rates are recommended:
<br />
<br />Real Estate
<br />Personal Property
<br />Machinery ~ Tools
<br />
<br />$2.25
<br />$4 .oo
<br />$3,00
<br />
<br /> These are the same rates that are currently in effect. It is necessary that the rates
<br />be adopted annually."
<br />
<br /> On motion of Mr. Turner and seconded by Mr. J~hnson, the following ordinance was
<br />approved on first reading, and by the following vote:
<br />
<br />"AN ORDINANCE IMPOSING AND COLLECTING TAXES ON:REAL ESTATE, TANGIBLE PERSONAL
<br />PROPERTY, AND MACHINERY AND ~OLS WITttIN THE LIMITS OF THE CITY OF PORTSMOUTH,
<br />VIRGINIA, FOR THE PURPOSE OF RAISING REVENUE FOR THE SUPPORT OF THE GOVERNMENT
<br />AND THE PUBLIC FREE SCHOOLS AND TO PAY INTEREST AND SINKING FUND ON THE PUBLIC
<br />DEBT FOR THE FISCAL YEAR BEGINNING JULY 1, 1972, AND ENDING JUNE~30, 1972."
<br />
<br />Ayes: HolleY, Johnson, King~ Irvine Smith, Raymond Smith, Turner, Barnes
<br />Nays: None
<br />
<br /> 72-223 - "I submit the attached ordinance and recommend it be placed on first reading.
<br />This imposes a tax on shares of stock on banks located in Portsmouth.
<br />
<br /> This taxes this
<br />the City can receive
<br />is paid by the banks
<br />
<br />stock at the rate of one dollar per share. By adoption of this ordinar
<br />40% of the $1.00. This ordinance is adopted annually and the tax
<br />and not the stockholder."
<br />
<br /> On motion of Mr. Raymond Smith and seconded by Mr. Turner, the following ordinance
<br />was approved on first reading, and by the following vote:
<br />
<br /> "AN ORDINANCE IMPOSING TAXES' ON SHARES OF STOCK ON BANKS LOCATED IN THE
<br /> CITY OF PORTSMOUTH FOR THE YEAR 1973 AND ANNUALLY:THEREAFTER, FIXING
<br /> THE RATE AND REQUIRING THE PAYMENT THEREOF, REQUIRING CERTAIN REPORTS,
<br /> AND PRESCRIBING PENALTIES FOR THE VIOLATION THEREOF."
<br />
<br />Ayes: Holley, Johnson, King, Irvine Smith, Raymond Smith, Turner, Barnes
<br />Nays: None
<br />
<br /> 72-224 'fi submit the attached ordinance and recommend it be placed on first reading;
<br />This establishes the pay and classification plan for City employees.
<br />
<br /> The new ordinance amends the present plan to provide a 5% cost-of-living increase
<br />to all employees. There has als0 been some adjustment~in classification in the lower salar~
<br />brackets. The plan is to be effective July 1, 1972."
<br />
<br /> On motion of Mr, King and seconded by Mr. Raymond Smith, the following ordinance
<br />was approved on first reading, and by the following vote:
<br />
<br />"AN ORDINANCE TO PROVIDE FOR TIlE CLASSIFICATION OF EMPLO~4ENT AND TO PROVIDE
<br />A COMPENSATION PLAN FOR EMPLOYEES OF THE CITY."
<br />
<br />Ayes: Holley, Johnson, King, Irvine Smith, Raymond Smith~, Turner, Barnes
<br />Nays: None
<br />
<br /> 72-225 - "I submit the attached ordinance and recommend it be placed on first reading.
<br />This amends the trash and garbage ordinance pertaining to the collection of the fee.
<br />
<br /> The amendment to this ordinance will allow the water Service to a customer to be discon
<br />tinued if the trash and garbage fee is not Paid. The adoption of this will eliminate the
<br />need to go through court proceedings for the cOlleCtiOn of these feeS.''
<br />
<br />
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