Minutes 03/25/2025 - Laserfiche WebLink

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March 25, 2025 Motion by Mr. Moody, and seconded by Mr. Tillage, to adopt the following ordinance, and was adopted by the following vote: “ORDINANCE ACCEPTING SHELTER PLUS CARE FUNDS IN THE AMOUNT OF $780,395 FROM THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT AND APPROPRIATING SAID AMOUNT IN THE FY 2025 BEHAVIORAL HEALTHCARE SERVICE FUND TO PROVIDE HOUSING AND SUPPORTIVE SERVICES FOR CHRONICALLY HOMELESS INDIVIDUALS AND FAMILIES. ” Ayes: Bryant, Dodson, Hugel, Moody, Thomas, Tillage, Glover Nays: None 25 - 87 - Adoption of an ordinance establishing a Personal Property Tax Relief Percentage of 50% for Calendar Year 2025 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, a personal property tax relief percentage of 50% has been calculated as sufficient to exhaust the state funds expected to be allocated to the city of Portsmouth for calendar year 2025. Financial Impact:  Adoption of the 50% rate is anticipated to exhaust all funding to be received from the Commonwealth for this purpose. To the extent the discount provided by the rate exceeds the funds provided by the Commonwealth, general fund revenues will be reduced. Recommended Action:  Adoption of the ordinance. Next Steps Following Council Action:  Application of the tax relief credit to personal property tax bills will be performed upon adoption of this ordinance. Motion by Mr. Tillage, and seconded by Mr. Hugel, to adopt the following ordinance, and was adopted by the following vote: “ORDINANCE ESTABLISHING A PERSONAL PROPERTY TAX RELIEF PERCENTAGE OF 50% FOR CALENDAR YEAR 2025 PERSONAL PROPERTY TAX BILLS. ” Ayes: Bryant, Dodson, Hugel, Moody, Thomas, Tillage, Glover Nays: None 25 - 88 - Adoption of a resolution authorizing the City Manager to execute an Access Agreement and related documents to allow the United States Navy to construct a sewer line under portions of Green Street and Portsmouth Boulevard to serve the Naval Shipyard.