Minutes 10/27/2009 - Laserfiche WebLink

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October 27. 2009 . To clarify the existing code and to remove the barrier, staff recommends adding new language to the code which reads that no such abatement shall be applicable to that portion of the rehabilitated or replaced real estate in excess of a 15% increase in square footage. . The clarified code language would then allow for such projects to qualify for the program, but would ensure the abatement would not apply to any increases in square footage greater then a 15% increase of the rehabilitated or replaced real estate. Any amount over this threshold would be subject to full real estate taxation. Financial Impact: . This is not a material change to the program and there will be no material loss of revenue. The ordinance is anticipated to stimulate additional investment in the renovation and replacement of older structures, resulting in a long-term increase in assessed values and real estate tax revenues. The amount of said additional revenues cannot be determined at this time. Recommended Action: . Adoption of the ordinance. Vision Principle: Thriving Neighborhoods and a Sense of Community. Next Steps Following Council Action: . The City Assessor to implement the program and to notify owners of present exempt properties of the change. Motion by Mr. Moody, and seconded by Ms. Randall, to adopt the following ordinance, and was adopted by the following vote: "ORDINANCE TO AMEND CHAPTER 35 OF THE CODE OF THE CITY OF PORTSMOUTH, VIRGINIA (2006) BY AMENDING SECTIONS 35-187, 35-188, 35- 217, AND 35-218 THEREOF PERTAINING TO TAX EXEMPTIONS FOR REHABILITATED REAL PROPERTY." Ayes: Moody, Randall, Smith, Whitehurst, Holley Nays: None 09 - 538 - Adoption of an ordinance appropriating $4,500 in the FY 2009-2010 Behavioral Healthcare Services Fund to fund a portion of the cost of obtaining guardianship of six individuals diagnosed with intellectual disabilities. Vision Principle: Thriving Neighborhoods and a Sense of Community. Background: . The Department of Behavioral Health and Developmental Services (DBHDS) will pay up to $750 per individual to fund a portion of the cost incurred to obtain guardianship. Discussion: . DBHDS is committed to providing funds and/or services that will increase individuals' ability to reside in the community and/or increase their ability to be discharged from institutions and into community placements. . Individuals with Intellectual Disability who are deemed incompetent to make healthcare decisions and are at risk of institutionalization require guardianship relative to their healthcare needs. Financial Impact: . No local match funding is required. Recommended Action: . Adoption of an ordinance. Vision principle: Thriving Neighborhoods and a Sense of Community.