Minutes 03/22/2022 - Laserfiche WebLink

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March 22, 2022 Background:  The City has received Community Development Block Grant program income in the amount of $155,000 generated by the sale of the land. It is necessary to appropriate this amount in the Community Planning and Development Program Budget for FY 2022. Discussion:  The program income funds will be included in the FY 22 Annual Action Plan. Financial impact:  The funds will support activities in the existing Annual Action Plan and there will be no impact to service delivery. Recommended Action:  Adoption of the ordinance. Next Steps Following Council Action:  The funds are approved and available upon authorization of the appropriation. 1. Donna Sayegh, 3104 Garland Drive, voiced her concern with the funding source and lack of communication with the Historic Preservation Commission. Motion by Ms. Lucas-Burke, and seconded by Mr. Barnes, to adopt the following ordinance, and was adopted by the following vote: “ORDINANCE ACCEPTING COMMUNITY DEVELOPMENT BLOCK GRANT PROGRAM INCOME IN THE AMOUNT OF $155,000 AND APPROPRIATING SAID AMOUNT IN THE FY 2022 COMMUNITY PLANNING AND DEVELOPMENT PROGRAM FUND.” Ayes: Barnes, Battle, Lucas-Burke, Moody, Whitaker, Woodard, Glover Nays: None 22 - 87 - Adoption of an ordinance establishing a personal property tax relief percentage of 45% for calendar year 2022 personal property tax bills. 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.  The 2005 revisions to the Personal Property Tax Relief Act of 1988 (“the 2005 Amendments”) modified the method of state reimbursement for personal property tax relief from a variable percentage to a fixed sum of money payable to each locality.  The 2005 Amendments and Section 35-9 of the Portsmouth City Code require that the city annually establish a personal property tax relief percentage such that the total relief provided to qualifying taxpayers will exhaust the funds to be allocated to the locality by the Commonwealth. Discussion:  With the assistance of the Commissioner of the Revenue and the City Treasurer, a personal property tax relief percentage of 45% has been calculated as sufficient to exhaust the state funds expected to be allocated to the city of Portsmouth for calendar year 2022. Financial Impact:  Adoption of the 45% rate will have minimal impact on the City’s budget. Recommended Action:  Adoption of the ordinance.