Minutes 05/23/1933 - Laserfiche WebLink

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The Sinking Fund is and has been for the past several years earning an aver- age of four and one-half per cent on their cash and bonds on hand. However, a~ stated, the above reductions were arrived at by computing interest on a four per cent basis inst~ead of the present_ average income of four and one-half per cent. It is my reconzmendation that. water rates to domestic and industrial consumers be reduced ten per cent, effective, with water furnished on and :after Jtua-e let, 1933, and that this reduction be given in the form of a discoun~t provided the bills are paid within fifteen days from the date due, also that charges for fire hydrants be reduced from $32.5(1 to $30.00 per annum, from $55.00 to $50.00 ocr annum, effective J~zue let, 1933. To make these red~¢~ions will reduce the income of the Water Department ap- proximately $3~,000.00 per year. This will absorb all of the present surplus of the Water Department and the~ recommended reduction in payments to the Sinking ~and. Annual payments of $2Y,351.00 plus five per cent interest, to the U.S. Covernment for property purchased several years ago will be completed~ next year, which will make this amount availaImte after 193~ for improvements to the property or use in any wa.y desired. If these recommendations meet with your approval and you so desire, I will present ordinances at the next meeting to place them in effect.' Notion of Mr. Ogg to instruct the City Manager to present ordir~nce as per his ~ec- ommendation and that part of the resolution relating to-Sinking Fund requirements be referred to the Oity Attorney to report on its legality, was adopted. - REPORTS OF O0~ITTEES - The Oommittee appointed to present resolution of respect on the death of Mr. Niemeyer, Oontmissioner of the Revenue, made the following report: 'The Oouncil cf the Oity of portsmouth records its profuse sense of less and real personal sorrow in the death of their friend mud fellow-citizen. JOHN OHRI~TOPHER NIEMEYER which occttrred at his residence,~ Portsmouth, Va., on May 13th,1933. At the time of his death, Mr. Niemeyer was Oom- missioner of the Revenue for the Oity of Portsmouth,' which position he had held for the past t~enty years. During his tenure of office, Mr. Niemeyer was con- stant, faithful and strong in character, always true to his trust and his fulfillment of the duties of hia position will be an incen- tive to all who kmew him. ~ his death. Portsmouth has lost.one ef its most valued beloved Oitizens. THEREFORE BE IT RESOLVEDL That these resolutions be made a pars of the minutes of the Oouncil for the OiSy of Portsmouth and that an engrossed copy be sent the bereaved family. John Vel~aon A. Brooks, Leslie T. Fox, Archibald Ogg.' On motion of Mr. Mayo, the said resolution was adopted. The oommittee appointed to present resolution of respect en the death of Mr. H.M. Member ef School Board, presented the following resolution: ~The. Oouncil of the Oity cf Portsmouth extends its d~epest sympathy te the family ~f Mr. H.N. Gumm, who died on Nautch 16~h, 1933. Mr. Gummwas a member of the School Board of Portsmouth for ll years, serving in a most able and conscientious manner and always willing te make any personal sacrifice for ~he community which he loved. Im his death, the Gity ef Portsmouth has lest one of its outstanding citizens and the School Beard a most faithful member. THEREFORE BE IT RESOLVED: That these resolutions be made a part of the mimutes of the Gouncil for the ~ity of portsmouth and that an engrossed copy be sent the bereaved family. Vernon A. Brooks Arthur Mayo Archibald egg.~ motion of Mr. Fox, the said resolution was adopted. - UNFINISHED BUSINESS - The following ordinance, placed on its first reading May 9th, was taken up and read: 'AN ORDINANOE AUTHORIZING THE ISSUANOE OF TWO NOTES OF THE OITY OF PORTSMOUTH IN THE SDt~ OF TWENTY FIVE HUNDRED DOLLAP~ EAOH ($2,500.00) for THE PURPOSE OF PUROHASING A NEW STREET .SWEEPER AND MAKING PROVISION FOR THE PAYMENT THEREOF.~ On mo~ien ef Mr. Fox the ordinance was adop~ted, and by the following vote: Ayes: Brooks, Fox, Hu~chins, Mayo, Oast, Ogg - Nays: None.