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35O
<br />
<br />November
<br />
<br /> In case it.is concluded to continue our program of improvement, further bo~ issues
<br />will be necessary and an increase of twenty five to thirty cents in the tax r~te will be re-
<br />quired fo~ every one million dollars of bonds issued. This matter will be made the subject
<br />for further study and of another report am a later date.
<br />
<br />"Yours truly,
<br />
<br />"J. P. Jervey, City
<br />
<br /> On motion, the report w~s referred to the Finance Committee,
<br />be furnished with a copy of same.
<br />
<br />"November
<br />
<br />each member of Council
<br />22nd, 1921.
<br />
<br />tO
<br />
<br />"HONORABLE CITY CODICIL,
<br />Portsmouth, Va.
<br />
<br /> "Gentlemen:--
<br /> I am forwarding herewith m letter from the West-haven Civic League relmt-
<br />ire to the romd from Hamilton mvenue and High street to the City P~rk.
<br />
<br /> In connection with,t~is matter, I had a~ interview with the Road cojnmission
<br />of Norfolk~ County on NOvember 21et, a~a ~t wa~ pointed out that the pur~hmse of $25,000.,00
<br />worth of Coun~/ bonds by the City of Portsmouth would be in-sufficient by $10,000.00 to oultd
<br />the roaR. The great advantage of this road to the City of Portsmouth was shown and the Road
<br />Com~tissio~ feels thmt the City should mid in 'its construction to a greater extent th~n the
<br />mere purchase of bonds. If our park and cemetery on Bain's Creek are developed, this. road
<br />will be i~clispsnsable to the City mmd will be used by citizens of the City far more than by
<br />citizens Df the County. t can not ~h~efore ~mil to admit that the contention of the County
<br />to the effect that the City should aid in the co,st:notion of this road is correct,
<br />
<br /> ~ ' ~, therefore, ~ecommend that the City purchase $35,000.00 worth o~ County
<br /> _o~ the redemp~
<br />bonds at ps.r, less expenses, an~ further, that it underts~ke to be responsible * ~
<br />tion of $10,000.00 worth of these bonds on m~urity. This will mean a~ i~medimte contribution
<br />to the cost o~ constructing the road of probably $2500,00 which ie the difference between the
<br />market vs~lue ~o~ tt%e bonds mnd the ~egal price at which they mmy be ~old ~nd in addition ~he
<br />sinking fund on $10,000.00 worth of bonds, which on thirty yea~ bonds will amount ~o $150.00
<br />~ year, the County of course being responsible for the interest.
<br />
<br />Yours very truly,
<br />
<br />J. P. Jervey, City Manager."
<br />
<br />On motion, the communication was referred ~o the Finance Committee.
<br />
<br /> 4th. Statement that in order to complete the band stand at the playground, it will be
<br />necessary ~o erect on it m canopy, a~ an estimated ¢os~ of $~00.00; and requesting thmt he
<br />b, muthorized to ma~e this expenditure from the appropriati6n for publi~ b~ildings and grounds
<br />in order to complete this before bad weather sets in..
<br /> On mo~ion of ~tr, Eeleeck, the Mana~jer was muthorized to ~ransfer smid sm~ount from
<br />I~L, B-2, as requested, to Playgrounds, and by the following
<br />
<br />Ayes-- B~ooks, Esleeok, Hall, Hutohmns, Oast, Smith, White,
<br />
<br /> 5th~ Recommendmtion thmt an additional appropriation of $355~O0 be allowed to pay
<br />election bills for the res~ ro~ the year, the deficiency in 'Z~Id ~pp~opri~tio~ bei,~ d~e to
<br />the fact that mn add~ionmI precinct ti~s been created and the 's~taries of both judges and
<br />clerks have been increased.
<br /> On motion, the recommendation w~s reZerred to the Fins~uoe Committee,
<br />
<br /> ~N~TNtSHE~ BUS!NES8
<br />
<br /> The following ordinance, which had been placed on.its/fi=st remdiag by the Council Novem-
<br />be~ 8th, was taken up, rossi,' and on motion of Nr.' Esleeok ~dopted: . ·
<br />
<br /> AN ORDINANCE
<br />($150,OO~.OO) BONDS OF THE CITY OF PORT~TH, VIRGINIA,
<br />E~HIPPING A jAIL IN SAID ~C!TY; MAKING~PROVtSION FOR THE
<br />NENT THEREOF. (See Ordinance Book).
<br />
<br />AUTHORIZING THE ISSUANCE OF ONE HUNDRED AND FIFTY THOU~2ND .DOLLARS
<br /> FOR THE PURPOSE OF BUIDDING AN~
<br /> FO'P2~ OF SAID BONDS, AND FOR THE PAY-
<br />
<br />And by the followin~ rome:
<br /> Ay~s-r Esleeok, Hall, Hutchins, 0mst, ~mith, White, 6.
<br /> ' Nays-- Brooks, 1.
<br />
<br /> The .following ordinance, on the table, was on motion of Mr. Esleeek,. continued on the
<br />t~ble until the next regui~r meetinE of the Council:
<br />
<br />An Ordins~uoe Rsguimting the S~le of Ice by Retail.
<br />
<br /> The Traffic Ordinance, which hmd bee~ on the table for several months~ wms continued on
<br />th~ table.
<br />
<br /> The following report was read fi:om the Commiwsioner of the Revenue of ta~able.~l~ues
<br />of Rsml Estate', TanEibte-~n~ I~t~nE~ble Personal Property for the City of PortsmOuth zor
<br />th~ Year 1921:
<br />
<br />
<br />
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