Minutes 06/28/2011 - Laserfiche WebLink

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June 28, 2011 Financial Impact: . The Parcels will be returned to the Active Tax Rolls of the City assuring a more consistent collection of related Taxes and Fees versus the accrual of Delinquent Taxes and Fees. . Elimination IReduction "Write - Off" "Abatement" of Delinquent Taxes and Fees due to the shorter timeframe in executing the Tax Sale. Recommendation: . Adoption of the New City Code Section, 35-6(C) as presented. Vision Principle: Thriving Neighborhoods and a Sense of Community. Next step: . Identification and confirmation of those Real Estate Parcels eligible for Tax Sale after One (1) Year as of December 31, 2010. . Performance of the Due Diligence required to bring the delinquent Real Estate parcel to Tax Sale via Public Auction. Motion by Mr. Moody, and seconded by Mr. Heretick, 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 SECTION 35-6 THEREOF TO AllOW THE SALE OF REAL ESTATE WITH TAX DELINQUENCIES OF ONE YEAR OR MORE." Ayes: Cherry, Edmonds, Heretick, Moody, Randall, Whitehurst, Wright Nays: None 11 - 259 - Adoption of an ordinance to appropriate the sum of $350,000 in the FY 2010-11 City Garage Fund from the unappropriated fund balance in the FY 2010- 11 City Garage Fund to pay increased fuel costs. Vision Principle: Bold New Directions. Background: . The FY-11 fuel budget was based on the expected wholesale fuel cost of $2.85 per gallon. Fuel peaked at $3.51 per gallon on May 11, 2011 resulting in a budget deficit of $350,000. Discussion: . There are many factors that affect actual fuel expenditures. Some factors can be controlled while others such as fuel cost can not. Steps have been taken to reduce fuel consumption in an effort to reduce the variance between budget and expenditures. Financial impact: . There are adequate funds remaining In the City Garage Fund to cover this request. No additional funding is required. Recommended Action: . Adoption of the ordinance. Vision Principle: Bold New Directions. Next Steps Following Council Action: . Finance staff will transfer funds to the Operating Budget. Motion by Mr. Whitehurst, and seconded by Mr. Heretick, to adopt the following ordinance, and was adopted by the following vote: "ORDINANCE TO APPROPRIATE THE SUM OF $350,000 IN THE FY 2010-11 CITY GARAGE FUND FROM THE UNAPPROPRIATED FUND BALANCE IN THE FY 2010- 11 CITY GARAGE FUND TO PAY INCREASED FUEL COSTS." Ayes: Cherry, Edmonds, Heretick, Moody, Randall, Whitehurst, Wright Nays: None