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September 10, 1968
<br />
<br />At a regular meeting of the City Council, held on September 10, 1968, there were present:
<br />
<br />Jack P. Barnes, George D, Eastes, James W. Holley, Burrell R. Johnson, Isaac W. King, R. Irvine Smith,
<br />Raymond Turner, A. P. Johnson, Jr., City Manager, M. A. Korb, Jr., City Attorney and R. D! 0ttavio,
<br />City Auditor.
<br />
<br />The meeting was opened with prayer by Rev. Carl Cosslett, PasZor, St. John's Methodist Church.
<br />
<br />68-280 - The following hearing on zoning changes was held:
<br />
<br />Petition Z 68-9 - Homer Armistead
<br />
<br />A. S. Morrison, Jr., representing Mr. Armistead and Armistead Forest, spoke in favor of the p~tition.
<br />
<br /> Motion of bit. Johnson to approve the following ordinance, on first reading, was adopted, without
<br />dissenting vote:
<br />
<br />"ZONING ~,,~ENDMENT ORDINANCE Z 68-9"
<br />
<br />68-281 - The following hearing on the Capital Budget was held:
<br />
<br />"CITY OF PORTSMOUTtt, VIRGINIA
<br /> CAPITAL IMPROVE~fl~NT
<br /> BUDGET FOR ~{E FISCAL YEAR
<br /> ENDING JUNE 30th, 1969
<br />
<br /> This budget synopsis is prepared and published for information and fiscal ~anning purposes only. The
<br />inclusion in the budget of any item or items does not constitute an obligation or commitment on the part of
<br />the City Council of this City to appropriate any funds for that item or purpose. The budget has been pre-
<br />pared on the basis of the estimates and requests submitted to the City C6uncil by the several officers and
<br />department heads of this City. There is no allocation, or designation of any funds of this City for any pur-
<br />pose until there has been an appropriation for that purpose by the City Council. A hearing will be held by
<br />the City Council on the budget for information purposes at the Municinal Building on September 10, 1968, at
<br />7:30 P. M., at which time any citizen of this City shall have the:~ight to attend and state his views. The
<br />budget is for informative and fiscal planningFarposes and will not be approved, adopted, or ratified by City
<br />Council.
<br />
<br />ESTIMRTED RECEIPTS
<br />
<br />General Obligation Bonds
<br />Revenue Bonds - Sewers
<br />Revenue Bonds - Water
<br />Federal Grant - Sewers
<br />Federal Grant - Water
<br />Federal Grant ~ Armory Building
<br />Federal Grant - Parks
<br />Current Revenues
<br />Miscellaneous
<br />
<br />$5,148,101.00
<br /> 516,150.00
<br /> 509,076.00
<br /> 177,000.00
<br /> 521,232.00
<br /> 161,982.00
<br /> 34,942.00
<br /> 250,000.00
<br /> 75,000.00
<br />
<br />TOTAL RECEIPTS
<br />
<br />$7,395,485.00
<br />
<br />ESTIMATED EXPENDITURES
<br />
<br />Schools
<br />Streets and Highways
<br />Public Buildings
<br />Recreation
<br />Urban Reneal and ConservaZion
<br />
<br />Nater Supply
<br />
<br />$2,210,295.00
<br />886,875.00
<br />1~9~6~0~00
<br />73,888.00
<br />510,743.00
<br />516,150.00
<br />900,000.00
<br />
<br />TOIAg EXPENDITURES
<br /> Reserved for Contingendies
<br />
<br />$6,814,201.00
<br /> 579,282.00
<br />
<br />TOTAL EXPENDITURES AND RESERVE
<br />
<br />$7,393,485.00
<br />
<br />By order of the Council"
<br />
<br />George R. Walker spoke.
<br />
<br />The following letter from the City Manager read:
<br />
<br /> "I submit herewith a five-year Capital ImFF~.ovement Budget for the Oity of Portsmouth and recommend its
<br />approval.
<br />
<br /> The new total estimated cost of this five-year Capital budget is $56,854,655.00, of which $29,754,107.00
<br />or 52% involves local funds. The balance of the funds to be received from the State and Federal government.
<br />A breakdown of how the local cost would be expended is as follows:
<br />
<br />
<br />
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