Minutes 09/09/2003 - Laserfiche WebLink

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September 9, 2003 Motion by Mr. Pitts, and seconded by Mr. Moody, to adopt the following resolution, and was adopted by the following vote: "A RESOLUTION AUTHORIZING THE CITY MANAGER TO MAKE APPLICATION FOR AN ENTERPRISE ZONE DESIGNATION, TO SUBMIT ALL INFORMATION NECESSARY FOR SUCH APPLICATION, AND TO ADMINISTER THE PROGRAM AND REPORTING REQUIREMENTS UPON RECEIPT OF SUCH DESIGNATION. WHEREAS, the General Assembly of Virginia has adopted the Enterprise Zone Act, Section 59.1-270 et seq. of the Code of Virginia, for the purpose of stimulating business and industrial growth and private sector investment, which would result in neighborhood revitalization in areas of the Commonwealth as may be designated by means of regulatory flexibility and tax incentives; and WHEREAS, the Council of the City of Portsmouth deems it to be in the best interest of the City to make application to the Virginia Department of Housing and Community Development for designation of certain areas of the City as an Enterprise Zone, comprising generally certain portions of the Midtown and extended Victory Crossing areas of the City, to be eligible for the benefits of said Act; and WHEREAS, the Council of the City of Portsmouth has reviewed and considered the regulations and the application concerning the regulatory flexibility and tax incentives to be provided, which will include (1) permit fee exemptions; (2) the Facade Loan Program through Portsmouth Redevelopment and Housing Authority; and (3) ten (10) year partial real estate tax abatement for rehabilitated structures; and the administration of such areas and deems the same to be appropriate; and WHEREAS, the City of Portsmouth's Department of Economic Development has agreed to be designated as program administrator. NOW, THEREFORE, BE IT RESOLVED by the Council of the City of Portsmouth, Virginia, that the City Manager be, and he hereby is, authorized to make application for designation of certain portions of the City as an Enterprise Zone. BE IT FURTHER RESOLVED that the City of Portsmouth's Department of Economic Development shall be designated as the program administrator. BE IT FURTHER RESOLVED that the City Manager be, and he hereby is, authorized to submit all information necessary in connection with such application and to meet all other administrative and reporting program requirements upon such designation." Ayes: Benn, Griffin, Moody, Pitts, Randall, Whitehurst, Holley Nays: None - New Business - 03 - 322 - Boards and Commissions There were no appointments. 03 - 323 - Items Submitted by Council Members Councilman Whitehurst announced the Southeastern Public Service Authority (SPSA) has been selected by the Solid Waste Authority of North America (SWNA) as the Gold Award winner for 2003 in the category of excellence and solid waste management. Also, he spoke on the joint meeting with the Portsmouth Public School Board concerning teacher's salaries being competitive. Motion by Mr. Whitehurst, and seconded by Mr. Moody, to direct the City Manager to prepare a resolution for the next City Council meeting that will outline the funding and support that was requested by the School Board.