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5O6 <br /> <br />November 10, 1987 <br /> <br />fe <br /> <br />S117.66 <br />Cooper & Davis <br />High & Crawford Streets <br />P. O. Drawer 1475 <br />Portsmouth, VA 23705 <br /> <br />S146.47 <br />Leola B. Pierce <br />4114~For~sth~lls-DriVe <br />Portsmouth,'VA 23703~ '- <br /> <br /> Also, the City Treasurer requests the following refunds <br />(without interest) for overpayment of Real Estate taxes: <br /> <br />h® <br /> <br />$14.32 <br />Jones & Quayle <br />3808 Poplar Hill Road <br />Chesapeake, VA 23321 <br /> <br />S623.12 <br />Numerica Financial Services <br />601 Cleveland Street <br />8th Floor <br />Clearwater, FL 34621 <br /> <br /> I recommend that this motion be adopted and the refunds <br />granted. <br /> <br /> Motion of Mr. Gray and seconded by Mrs. Webb, that the <br />refunds be granted (without interest), as requested, and was <br />adopted by unanimous vote. <br /> <br /> 87-483 Letter from the City Manager submitting a report <br />of delinquent real estate taxes.from-the City Treasurer. <br /> <br /> "Attached please find the annual report from the City <br />Treasurer, Charles B. Whitehurst, Sr., on the subject of <br />delinquent real estate taxes for the tax year ending June 30, <br />1987. Also attached is an analysis of the reported tax <br />delinquencies prepared by the Department of Finance. <br /> <br /> Collection procedures on the reported delinquencies has <br />been initiated. Historically, such procedures h~ve resulted in <br />the collection of about 99.8% of the total tax levy with the <br />remaining .2% to be satisfied through court action and, if <br />necessary, sale of property to recover taxes. When collected, <br />a penalty of 10% and interest of 10% Der annum for the first <br />year and at the then current percentage rate established for <br />delinquent Federal Income Taxes thereafter, are imposed on the <br />tax bill. <br /> <br /> A copy of the entire list is available in the City Clerk's <br />Office for inspection and a copy will be placed at the main <br />branch of the Public Library for review by interested citizens. <br /> As required by City Code this report is being submitted to <br /> nformatlon. <br /> you for your review and i ' " <br /> <br /> Motion of Mrs. Lucas and seconded by Mr. Simpson, that the <br /> report be received as information, as was adopted by unanimous <br /> vote. <br /> <br /> 87-484 - Letter from the City Manager submittin~ -a report <br /> pertaining to retirement systems. <br /> <br /> <br />