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December $0th, 19A6.
<br />
<br />sm_d read:
<br />
<br />following vote:
<br />
<br />The £ollow~g ordinance, !aid on table at last meeting, ~as taken up
<br />
<br />,AN 0RDi~IANCE Ii~POSING TAXES ON S~ARES OF STOCK OF BANKS
<br />LOCATED ~.~ THE CITY C~ PORTS~IOUT~H FOR T~ YEAR 19~V A~TD
<br />ANI~ALLY T~REAFTER, FIXING THE RATE AND P~EQUIRING THE
<br />PAYMENT T~EOF, HEQULRLNG CERTAIN REPORTS, AND PRESCRIBING
<br />PENALT~S FOR THE VIOLATION THEREOF~
<br />
<br />On motion ~" 5~r. Howard, the said ordinance was adopted and by the
<br />
<br />Ayes'.
<br />
<br />Nays:
<br />
<br />Fox, Grimes, Henderson, Howard, Lav~ence, Stu~tevant,
<br /> ~arren, V~eise~u, ~¥ilson
<br />None
<br />
<br />The following letter was read:
<br />
<br /> ~nis letter will confirm my recent conversations ~th City Manager
<br />A~thu~ S. 0we~s and Layo~Lesl~e T. ~ox re~pectmng the status of the proposed contract for
<br />electric serVmce between the Cmty and the Company. We respectfully request your permission
<br />to call this matter to your attention b effete the present contract expires.
<br /> On August 27th, 1946, we submitted to the City a proposal for a
<br />ten year contract, which offer is still available to the City This proposal is as'~avorable
<br />as any contract under simils~ conditions with any other city served by the Companye
<br /> In otz~ letter submittir~ the contract, we offered to plmce all of
<br />our wires and faeilities along High St., from t~ ferry to Effingham St., in underground ducts
<br />~d to ~eplace the present poles in this area with. a modern street lighting system.~ In this
<br />conneetien, the Company will agree to undex~hak~ this work and if the a.mount of $500,000. will
<br />extend this system any ftu~ther, to spend at least ~500,000. on such work,
<br /> We also ~_sh to call your attention to the fact that as the matter
<br />now stands, the present contract will expire on Decembe~ 31, 1946, but, if negotiations for a
<br />new contract are re-opened before that time and as a ~esult of these negotiations a contract
<br />is successfully consummated, the Company will make its provisions retroactive to Ja~.uary l,
<br />194~, even thoug~ the negotiations may not have been completed by that date.
<br /> In addition, if this contract is consum~ated, the Company will a~ree
<br /> to cancel the Oity's obligation to reimburse mt mn the ~ount of ~,509e for the electr~f~-
<br /> cation of the Godwin St. ~lmping Station. Should no contract be a~rived at, the rates for
<br /> service Eo the City of Portemouth~ill be in aecordsmce with the Company's published schedule
<br /> of rates generally available in Virginia. In this event, it would be necessary for the Com -
<br /> party to work out ~ith ~epresentatives of the City the details of handling the different set -
<br /> vices. It is impossible to forecas~ accurately the ~nual cost to the City for serVice t~der
<br /> the published schedule o~ rates, but we estimate that entering the new contract will effect a
<br /> saving to the City of ~proximately ~36,000. a year a~ compared t~ published rate.9osts~ _
<br /> In reply to Mr. 0wens~ muquzry oi Decemoer lo~n, respecting s~ree~
<br /> li*~ht instalM, tions- we be~ to advise that if the City does not eons~.te a new contract,
<br /> ' ted b the Git after Janua i 19~8 and stil± ~eslred after January
<br /> the ~nstatlat~ons reques y y
<br /> !~ 1947, will be installed by the Companyan~ money servzce
<br /> regular Street and Highway Lighting Service Rate.
<br /> In the event that a new contract is consummated, ~h~ Co~oany ~ill
<br /> then proceed as rapidly as practical ~o install, and will bill at the new contract rate, such
<br /> light installations as have been or may be requested by the City, and in addition all 100
<br /> candle power lights will be changed by the Company, at its cost, to 250 candle power Iights,
<br /> We hope that the City v~_ll proceed ~o work out a new contract with
<br /> us, but w e want to ass'u~e you that in any event the Company will continue to render the City
<br /> the best service it can and to co-operate with the City smd its citizens in the best inter-
<br /> es~ of Portsmouth.
<br />
<br />Very Respectfully,
<br />
<br />=orresW t U. Ross, Assistant Vice President."
<br />
<br /> Mormon of ~r~ Howard that the Cmty ~ianager contact the Vz~gmn~a
<br />~lectrmc' and Power Company - that the ~ounoit will at an early date meet with them mn au
<br />attempt to negotiate a new contract, was adopted.
<br />
<br /> Motion of Mr. wilson to close the City offices on New Year~s Eve
<br />a~ 12:30, was adopted.
<br />
<br /> ~r. Lawrence stated that he believed a fair and equitable assess
<br />merit will provide the neeessary funds to operate the City i n 1947 sm_d on his motion the Cit~
<br />~anagerwas instructed to scrutinize the new assessment and to employ necessary help to obt~
<br />proper inform_at!on to present to the Board of Review v~th the one idea in view to obtain in
<br />behalf of the City of Portsmouth a complete, fa~-~v and'equitable assessment.
<br /> Upon the suggestion of ~. Cs~l~B~ell, the~iayo~ was instz~cted to
<br /> is sue a proclamation for support of infantile p~ralysis patients for the period from Janua~
<br />15th to 31st.
<br />
<br />President.
<br />
<br />On motion adjour~xed.
<br />
<br />Clerk.
<br />
<br />
<br />
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