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May 27, 2014
<br />14-199 (A)
<br />"ORDINANCE TO AMEND AND RE-ENACT ORDINANCE NO. 2013-30 TO IMPOSE
<br />AND LEVY TAXES FOR THE FISCAL YEAR BEGINNING JULY 1, 2014 AND
<br />ENDING JUNE 30, 2015, ON REAL ESTATE, TANGIBLE PERSONAL PROPERTY,
<br />PRIVATELY-OWNED PLEASURE BOATS, PRIVATELY-OWNED CAMPING
<br />TRAILERS AND MOTOR HOMES, AND MACHINERY AND TOOLS WITHIN THE
<br />CITY OF PORTSMOUTH, VIRGINIA, FOR THE PURPOSE OF RAISING REVENUE
<br />FOR THE SUPPORT OF GOVERNMENTAL OPERATIONS AND THE PUBLIC FREE
<br />SCHOOLS AND TO PAY PRINCIPAL AND INTEREST ON THE PUBLIC DEBT."
<br />Ayes: Cherry, Edmonds, Meeks, Moody, Psimas, Randall, Wright
<br />Nays: None
<br />Motion by Mr. Meeks, and seconded by Mr. Edmonds, to adopt the following
<br />ordinance, and was adopted by the following vote:
<br />14-199 (B)
<br />"ORDINANCE AMENDING SECTION 35-22 OF THE CODE OF THE CITY OF
<br />PORTSMOUTH, VIRGINIA (2006) TO INCREASE THE CITY TAX ON CIGARETTES
<br />TO 90 MILLS FOR EACH CIGARETTE.."
<br />Ayes: Cherry, Edmonds, Meeks, Moody, Randall, Wright
<br />Nays: Psimas
<br />Motion by Mr. Meeks, and seconded by Mr. Edmonds, to adopt the following
<br />ordinance, and was adopted by the following vote:
<br />1. Donna Sayegh, 3104 Garland Drive, spoke in opposition to this item.
<br />2. Mark Geduldig-Yatrofsky, P. O. Box 50141, spoke in opposition to this item.
<br />14-199 (C)
<br />"ORDINANCE AMENDING APPENDIX A OF THE CODE OF THE CITY OF
<br />PORTSMOUTH, VIRGINIA (2006) TO INCREASE MOTOR VEHICLE LICENSING
<br />FEES AUTHORIZED BY CHAPTER 22 OF SAID CODE."
<br />Ayes: Cherry, Edmonds, Meeks, Moody, Psimas, Randall, Wright
<br />Nays: None
<br />Motion by Mr. Meeks, and seconded by Ms. Randall, to adopt the following
<br />resolution, and was adopted by the following vote:
<br />14-199 (D)
<br />"RESOLUTION ELECTING THE ALTERNATE RATE OF 9.67% AS THE CITY OF
<br />PORTSMOUTH'S VIRGINIA RETIREMENT SYSTEM CONTRIBUTION RATE FOR
<br />THE BIENNIAL BUDGET EFFECTIVE JULY 1, 2014.
<br />BE IT RESOLVED that the City of Portsmouth does hereby acknowledge that its
<br />contribution rates effective July 1, 2013 shall be based on the higher of a) the
<br />contribution rate in effect for FY 2012, or b) eighty percent of the results of the June 30,
<br />2013 actuarial valuation of assets and liabilities as approved by the Virginia Retirement
<br />System Board of Trustees for the 2014-16 biennium (the "Alternate Rate)) provided that,
<br />at its option, the contribution rate may be based on the employer contribution rates
<br />certified by the Virginia Retirement System Board of Trustees pursuant to Virginia Code
<br />§51.1-145(1) resulting from the June 30, 2013 actuarial value of assets and liabilities
<br />(the "Certified Rate"); and
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