Minutes 02/08/1972 - Laserfiche WebLink

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February 8, 1972 ~%~ile the School Board-has, and will continue' to seek economies, Dr. Alford reported, it also is aware that it must avoid compounding financial problems. A major factor, he said, is whether or not actual revenues keep pace with estimated revenues. The schools' two major revenue sources, other than local funds, are the State Basic Aid funds, and Impact Funds. As of February 3, 1972, the State Basic Aid appropriations appear to be in balance -- actual receipts are in accord with the budget estimates. However, Dr. Alford said, an analysis of Impact Fund~ revenue is not as encouraging. These funds were appropriated in fiscal year 1971. To date, Congress has not appropriated Impact Funds for 1972. Unless the Congress overrides the President's request, and adds ation to Impact Funds, the actual revenue in this category will fall budget estimates. a considerable appropri- short of the local Past experience has demonstrated, Dr. Alford said, that procedure for providing relief to the local school budget is revenue from State and Federal aEencies. the most profitable single to seek additional categorical For the School Board to continue this procedure, he noted, and thus, for the City to receive maximum benefits, it Will require that the City Council authorize the School Board to apply for, receive, and expend funds from State and Federal sources not currently budgeted. The City Council should consider the adoption of the following: "The School Board is authorized to receive and expend funds from State and Federal sources not presently budgeted in the 1971-72 budget. This is to apply to current school programs now in effect." Adoption of this resolution should remove some pressure from local finances for the 1971-72 budget year." :Motion of Mr. Raymond Smith and seconded by Mr. King, to adopt resolution cited in the ~¢pe~t, was adopted by the following vote: Ay%s: Holley, Xing, Irvine .Smith, Raymond Smith, Turner, Barnes Nays: None On motion of Mr; Irvine Smith and seconded by Mr. Raymond Smith, to accept the City Manager's report, with a reguest, that monthly reports be given from the City Manager and ~up~r'~t~den~::~f~"~¢~oe~:~:W~-s~-~p~ by~eTf~O~g Vot~~ . ' :',:~ . : Ayes: King, Irvine S~ith, Raymond Smith, Turner, Barnes Nays: Holley 72-39 "I submit the attached option agreement with the State Highway Department for the purchase of Water Department property across Lake Meade. Approximately 8.62 acres are involved with 5.53. acres flooded and 3.09 acres of high ground. In accordance with the option, the Highway Department will pay $2,0981 for the property. The City Assessor has reviewed this and it is recommended the option be accepted. The Highway Department needs the land for the construction of the Suffolk By-Pass." On motion of Mr. Raymond Smith and seconded by Mr. Holley, that authorization of proper parties to sign to execute the option agreement, was adopted by the following vote: Ayes: Holley, King, Irvine Smith, Raymond Smith, Turner, Barnes Nays: None - UNFINISHED BUSINESS - 72-17 - The following ordinance approved at last meeting, Was taken up and read: "AN ORDINANCE TO AMEND THE CODE OF THE CITY OF PoRTsMOUTH, VIRGINIA, 1961, BY ADDING THERETO A NEW SECTION NUMBERED 31-46,4, ESTABLISHING A BUILDING SETBACK LINE FOR TOWNE POINT ROAD BETWEEN THE CITY OF CHESAPEAKE CORPORATE LIMITS TO ITS FUTURE INTERCHANGE WITH ROUTE 164, THE WESTERN FREEWAY." On motion of Mr. King and seconded by Mr, Turner, the ordinance was adopted and by the following vote: Ayes: Holley, King, Irvine Smith, Raymond Smith, Turner, Barnes Nays: None 72-18 - The following ordinance approved at last meeting, was taken up and read: "AN ORDINANCE AMENDING THE CODE OF THE CITY OF PORTSMOUTH, VIRGINIA, 1961, BY ADDING THERETO A NEW SECTION NUMBERED 18-98 MAKING NORTH STREET BETWEEN SAND- PIPER DRIVE AND CONSTITUTION AVENUE A ONE-WAY STREET EAST."