Minutes 12/13/2005 - Laserfiche WebLink

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December 13, 2005 WHEREAS, this Council is cognizant of the conditions that are imposed by the provisions of the Housing and Community Development Act of 1974, as amended, including those prohibiting discrimination because of race, age, color, religion, familial status, handicap, sex or national origin; and WHEREAS, in the judgment of this Council, it is in the interest of the City and its inhabitants that said Plan be approved. NOW, THEREFORE, BE IT RESOLVED by the Council of the City of Portsmouth, Virginia: 1. That it is hereby found and determined that the Project Area is blighted pursuant to Chapter 1 of the Title 36 of the Code of Virginia, 1950, as amended (the "Act"). 2. That regarding the adoption of the Redevelopment Plan for the Centre Avenue/Oak Street Redevelopment Project, it is hereby found: (a) That the objectives of the Centre Avenue/Oak Street Redevelopment Project, Portsmouth, Virginia, can be better achieved by the adoption of the Plan; and (b) That the Plan meets the requirements of a plan for a redevelopment project pursuant to the Act. 3. That the Centre Avenue/Oak Street Redevelopment Plan for the Centre Avenue/Oak Street Redevelopment Project, having been duly reviewed and considered, is hereby approved and adopted, and the City Clerk is hereby directed to file a copy of said Plan with the minutes of this meeting.” “ORDINANCE APPROPRIATING IN THE 2005-2006 COMMUNITY PLANNING AND DEVELOPMENT PROGRAM FUND $168,224 OF EXCESS CDBG PROGRAM INCOME RECEIVED IN FY 2005 TO BE USED FOR THE ACQUISITION OF PROPERTIES IDENTIFIED IN THE CENTRE AVENUE/OAK STREET REDEVELOPMENT PLAN.” Ayes: Heretick, Moody, Psimas, Randall, Smith, Whitehurst, Holley Nays: None 05 - 572 - Adoption of an ordinance to amend Chapter 35 of the City Code, by amending Section 35-372 and by repealing Sections 35-373 through 35-375, pertaining to the calculation and application of admissions tax. Vision Principle: A Robust and Prospering Economy. Background: ? In previous years, it has been the common practice for admissions tax to be charged on complimentary tickets. Other cities in the region have changed this practice, and today Portsmouth is the only city in the region still doing so. This tax is often difficult to assess and to calculate, it places undue burdens on operators. Additionally, it puts Portsmouth at a competitive disadvantage for booking entertainment in the region. Discussion: ? The admissions tax on complimentary tickets will be repealed, prospectively only. ? There will be no effect on prior assessments of, and responsibility for, admissions tax on complimentary tickets. ? Inapplicable and unneeded exemptions, such as the exemption for city officials who work at entertainment functions, exempting federal tax from the basis for calculating admissions tax, and exempting admissions tax on admissions under ten cents, will be repealed. ? The impractical and unenforceable exemption for tickets sold to persons under twelve will be repealed. ? The Commissioner of Revenue has recommended this action.