Minutes 03/24/2015 - Laserfiche WebLink

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March 24, 2015 “ORDINANCE TO APPROPRIATE $40,325,841 BY CLASSIFICATION TO THE FY 2014-15 OPERATING BUDGET FOR THE PORTSMOUTH PUBLIC SCHOOLS SYSTEM TO IMPLEMENT THE FOURTH QUARTER OF THE APPROVED OPERATING BUDGET, TO APPROPRIATE $629,546 IN ADDITIONAL FUNDING FOR EDUCATION, AND TO TRANSFER FUNDS BETWEEN CLASSIFICATIONS.” Ayes: Cherry, Edmonds, Meeks, Moody, Psimas, Whitaker, Wright Nays: None 15 - 128 - Adoption of an ordinance establishing a personal property tax relief percentage of 53% for Calendar Year 2015 personal property tax bills. Vision Principle: Efficient, Responsive Government. Background:  In accordance with the Virginia Personal Property Tax Relief Act (PPTRA), the City is required to annually establish the personal property tax relief percentage to be applied to qualified vehicles. Discussion:  Based on the personal property tax trends in the City of Portsmouth and after discussion between the City Manager, City Treasurer, Commissioner of the Revenue and the City’s Chief Financial Officer, the recommendation is that 53 is the appropriate percentage of the relief to be applied toward the 2015 personal property taxes. Financial Impact:  The 53% of PPTRA relief proposed for calendar year 2015 is estimated to be approximately equal to the $9,862,962 of relief provided by the State. Recommended Action:  Adoption of an ordinance. Vision Principle: Efficient, Responsive Government. Next Steps Following Council Action:  Application of the tax relief credit to personal property tax bills will be performed by the City Treasurer’s Office upon adoption of this ordinance. Motion by Dr. Edmonds, and seconded by Mr. Meeks, to adopt the following ordnance, and was adopted by the following vote: “ORDINANCE ESTABLISHING A PERSONAL PROPERTY TAX RELIEF PERCENTAGE OF 53% FOR CALENDAR YEAR 2015 PERSONAL PROPERTY TAX BILLS.” Ayes: Cherry, Edmonds, Meeks, Moody, Psimas, Whitaker, Wright Nays: None 15 - 129 - Adoption of an ordinance to amend Chapter 6 of the Code of the City of Portsmouth, Virginia (2006) by amending Section 6-7 thereof pertaining to the promulgation of rules and regulations for the operation of city-owned and city operated piers, wharves, docks, landings, and other water-dependent facilities. Vision Principle: Quality of Life. Background:  In June of 2013, City Council adopted Ordinance No. 2013-34, allowing the City Manager to implement guidelines to govern the mooring of boats and other water craft at North Harbor and the High Street Inlet.  Boaters frequently dock at North Harbor and the High Street Inlet during peak boating and tourist seasons.  These boaters have a positive impact on the economy of the downtown businesses; however, long stays discourage other boaters, compete with local marinas, and create a potential health hazard because these locations do not have services to properly handle waste disposal.