Minutes 04/12/2005 - Laserfiche WebLink

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April 12. 2005 . Finally, we are requesting additional spending authority in our Virginia Initiative for Employment, not Welfare (a.k.a. VIEW) program in the amount of $40,000. Like the day care request, these funds will be used to service clients transitioning from welfare into the workforce. The State reimburses these costs at 100%. . The adoption of this ordinance contributes toward the City Council's vision principles of "Lifelong Learning Community" and "Neighborhood and Community Transformation. " Financial Impact: . The total increase to expenditure authority is $1 ,175,735 as follows: Foster Care Program $ Day Care Costs $ Auxiliary Grant Program $ VIEW Program $ 480,735 585,000 70,000 40,000 Total $1,175,735 . No local funding is required. Motion by Mr. Heretick, and seconded by Mr. Whitehurst, to adopt the following ordinance, and was adopted by the following vote: "ORDINANCE APPROPRIATING $1,175,735 IN ADDITIONAL STATE AND FEDERAL REVENUE IN THE FY 2004-2005 SOCIAL SERVICES FUND OPERATING BUDGET." Ayes: Heretick, Moody, Psi mas, Randall, Smith, Whitehurst, Holley Nays: None 05 - 167 - Adoption of an ordinance to refund the over assessment of Business Personal Property Taxes paid for the Calendar Year(s) 2003 and 2004, in the amount of $163,858.46, to U. S. Amines (Portsmouth), LLC, The Chemical Company. Vision Principle: A Robust and Prospering Economy. Recommended Action: . Adoption of an ordinance to refund the over assessment of business personal property taxes paid for the calendar year of 2003-2004 in the total amount of $163,858.46 to U. S. Amines (Portsmouth), LLC, The Chemical Company. Summary: . The U. S. Amines Company acquired assets of the Celanese Chemical Company in 2003. Subsequently, the assets of the company were deemed to be less than the amount paid at closing and adjustments were made. These adjustments affected the basis of the business personal property value used for taxing purposes. Purpose and Need: . In a letter dated August 25, 2004 addressed to Mr. A. James Fillion, Commissioner of Revenue, City of Portsmouth, Virginia; U. S. Amines, The Chemical Company, outlines its request for an adjustment in its business personal property taxes. . The Commissioner of Revenue has negotiated with U.S. Amines to determine the amount of the over assessment and payment due. . This item contributes to the City Council's vision principle of "A Robust and Prospering Economy."