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<br />May 11. 2010
<br />
<br />10-226 (E):
<br />
<br />"ORDINANCE TO AMEND AND RE-ENACT ORDINANCE NO. 2009-37
<br />AND TO IMPOSE AND LEVY TAXES FOR EACH FISCAL YEAR BEGINNING JULY
<br />1ST AND ENDING JUNE 30TH, ON REAL ESTATE, TANGIBLE PERSONAL
<br />PROPERTY, PRIVATELY-OWNED PLEASURE BOATS, PRIVATELY-OWNED
<br />CAMPING TRAILERS AND MOTOR HOMES, AND MACHINERY AND TOOLS
<br />WITHIN THE CITY OF PORTSMOUTH, VIRGINIA, FOR THE PURPOSE OF RAISING
<br />REVENUE FOR THE SUPPORT OF GOVERNMENTAL OPERATIONS AND THE
<br />PUBLIC FREE SCHOOLS AND TO PAY PRINCIPAL AND INTEREST ON THE
<br />PUBLIC DEBT."
<br />
<br />Ayes: Heretick, Moody, Psi mas, Randall, Smith, Whitehurst, Holley
<br />Nays: None
<br />
<br />10 - 227 - Adoption of an ordinance to appropriate $41,926,023 in the FY 2010-2011
<br />Capital Improvement Fund and $12,669,000 in the FY 2010-2011 Public Utilities Capital
<br />Improvement Fund. Vision Principles: Bold New Directions, World Class Maritime
<br />Center, Thriving Neighborhoods and a Sense of Community, A Robust and Prospering
<br />Economy, Lifelong Learning Community, and Pride of Past, Promise of Future.
<br />
<br />Background:
<br />. The City Manager presented the proposed Capital Improvement Plan (CIP) for
<br />2011 through 2015, and the funding for year one appropriating the necessary funds in
<br />the Capital Improvement Fund and the Public Utilities Capital Improvement Fund.
<br />
<br />Discussion:
<br />. Public hearings and work sessions have been held on April 6, April 12, April 13,
<br />April 27, May 10 and 11, 2010 to receive public comments on the five-year CIP, and on
<br />funding for year one of the CIP.
<br />. Years 2012 through 2015 of the CIP are un-appropriated years used for long-
<br />term planning purposes and are approved as planning years.
<br />
<br />Financial Impact:
<br />. The sums of $41,926,023 in the Capital Improvement Fund and $12,669,000 in
<br />the Public Utilities Capital Improvement Fund are appropriated for expenditures in the
<br />following categories and amounts:
<br />o Capital Improvement Fund:
<br />· Drainage and Street Improvements
<br />· Education
<br />· Industrial and Economic Development
<br />· Leisure Services
<br />· Municipal Facilities
<br />o Total Capital Improvement Fund
<br />o Public Utilities Capital Improvement Fund
<br />
<br />$ 9,204,223
<br />$ 1,375,000
<br />$ 208,000
<br />$ 322,400
<br />$ 30,816,400
<br />$ 41,926,023
<br />$ 12,669,000
<br />
<br />Staff Recommends:
<br />. Adoption of proposed ordinance. Vision Principles: Bold New Directions, World
<br />Class Maritime Center, Thriving Neighborhoods and a Sense of Community, A Robust
<br />and Prospering Economy, Lifelong Learning Community, and Pride of Past, Promise of
<br />Future.
<br />
<br />Next Steps Following Council Action:
<br />. The City Manager has ultimate responsibility and authority for the implementation
<br />of the Capital Improvement Program. The Chief Financial Officer has day-to-day
<br />responsibility for ensuring the CIP is spent as appropriated by City Council.
<br />
<br />Motion by Mr. Whitehurst, and seconded by Ms. Psimas, to adopt the following
<br />ordinance, and was adopted by the following vote:
<br />
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