Minutes 03/14/2017 - Laserfiche WebLink

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March 14, 2017 Ayes: Clark, Lucas-Burke, Moody, Psimas, Whitaker, Rowe Nays: None 17 - 126 - Adoption of an ordinance to appropriate an increase of $250,000 of Regional Tourism Entity funding to be received from the Commonwealth of Virginia in the FY 2017 General Fund for the Virginia Sports Hall of Fame. Background:  The Commonwealth of Virginia has provided financial assistance to the Virginia Sports Hall of Fame. Under the structure established by the Commonwealth, the city of Portsmouth is a conduit for delivery of these funds.  The 2016 state budget provided for “$250,000 for the first year and $250,000 the second year for the city of Portsmouth for a regional tourism entity.”  The city of Portsmouth budgeted $250,000 for the receipt and expenditure of state funds in both the FY 2016 and FY 2017 budgets. Discussion:  In 2017, the state budget book changed to state “$500,000 for the first year and $250,000 for the city of Portsmouth for a regional tourism facility.”  The city received $250,000 from the state in FY 2016 but in January 2017 (FY 2017) the city received $375,000 and anticipates receiving an additional $125,000 by the end of the fiscal year for a total of $500,000 for FY 2017.  To disburse the state funds to the Sports Hall of Fame, a budget ordinance is required to increase the revenue and expenditure amounts of the city’s General Fund Budget. Financial Impact:  The city is strictly a conduit for the payment so there is no financial impact to the city, but in order to issue a check the city’s budget needs to be increased. Recommended Action:  Adoption of the ordinance. Next Steps Following Council Action:  The Finance Department will complete the necessary budget adjustments and forward the payment. Motion by Ms. Lucas-Burke, and seconded by Mr. Clark, to adopt the following ordinance, and was adopted by the following vote: “ORDINANCE TO APPROPRIATE AN INCREASE OF $250,000 OF REGIONAL TOURISM ENTITY FUNDING TO BE RECEIVED FROM THE COMMONWEALTH OF VIRGINIA IN THE FY 2017 GENERAL FUND FOR THE VIRGINIA SPORTS HALL OF FAME.” Ayes: Clark, Lucas-Burke, Moody, Psimas, Rowe Nays: Whitaker 17 - 127 - Adoption of an ordinance to amend Chapter 22 of the Code of the City of Portsmouth, Virginia (2006) by amending Section 22-12 (1) to modify the list of enumerated special events eligible for the waiver of costs of City services by deleting certain discontinued events and adding certain other events and (2) to clarify that the waiver of costs for the listed events includes waiver of the permit application fee. Background:  Subsection 22-12(c) of the City Code designates certain special events which provide substantial economic and other benefits to the City as exempt from the payment of costs incurred by the city in providing personnel, setup, security and cleanup for the events.