Minutes 11/23/2004 - Laserfiche WebLink

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November 23, 2004 Recommended Action: · Adoption of an ordinance to refund the over assessment of Business Personal Property Taxes paid for the Calendar year 2003-2004 for a total amount of $137,072.47 to BASF, The Chemical Company. Summary: · The BASF Company acquired assets of the Clariant Corporation in 1998. Subsequently, the assets of the company were deemed to be less that the amount paid at closing and adjustments were made. These adjustments affected the basis of the business personal property value used to taxing purposes. Purpose and Need: · In a letter dated July 19, 2004 addressed to Mr. A. James Fillion, Commissioner of the Revenue, City of Portsmouth, Virginia, BASF, The Chemical Company, outlines its request for an adjustment in its business personal property taxes. · The Commissioner of the Revenue has negotiated with BASF to determine the amount of over assessment and payment due (see below). Financial Impact: · Business Personal Property Tax refund is identified as follows: Erroneous Taxes Paid: $137,072.47 Motion by Mr. Whitehurst, and seconded by Mr. Moody, to adopt the following ordinance, and was adopted by the following vote: "ORDINANCE AUTHORIZING A TAX REFUND TO BASF, THE CHEMICAL COMPANY, RESULTING FROM THE OVER ASSESSMENT OF BUSINESS PERSONAL PROPERTY TAX." Ayes: Heretick, Moody, Psimas, Randall, Smith, Whitehurst, Holley Nays: None 04 - 456 - Adoption of an ordinance to amend Chapter 9 of the Code of the City of Portsmouth pertaining to the fees charged for work performed (opening and closing of graves) and perpetual care in City-owned cemeteries. Motion by Mr. Whitehurst, and seconded by Ms. Psimas, to withdraw 04-456 at the request of the City Manager, and was adopted by unanimous vote. 04 - 457 - Adoption of a resolution authorizing the City of Portsmouth's 2005 Legislative Proposals be presented to the Portsmouth Delegation and to the Virginia General Assembly. The 2005 Legislative Proposals were presented to City Council at the November 15, 2004 City Council Public Work Session and subsequently to each of the City's General Assembly delegation members. Recommended Action: · Adoption of a resolution authorizing the presentation of the City of Portsmouth's 2005 Legislative Proposals to the Portsmouth Delegation of the Virginia General Assembly. Summary: · The 2005 Legislative Proposals were presented to City Council at the November 15, 2004 City Council Public Work Session, and subsequently to each of the City's General Assembly Delegation Members.