Minutes 01/03&10/1984 - Laserfiche WebLink

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January 10~ 1984 Generally, it has been our policy to designate any bank with an office located in the City, and who so requests, to be a~ authorized depository. (There is one exception, the First Virginia Bank of Nansemond, ~s a depository due to its proximity to Portsmouth Sleepy Hole Golf Course.) Temporary loa~s and investments are placed by bid with these banks~from time to time and individual account placement has been generally based on a degree of participa tion by the banks in servicing the City's financial needs. On the recommendations of the Director of Finance, the City Manager makes the determinations of the placement of the individual accounts at each of the depositories designated by the City Council. I am placing on your agenda for the January 10, 1984 Council meeting for your considerati a motion to designate the following banks as authorized depositories for funds of the City: American Bank, Atlantic National Bank, Bank of Virginia, Central Fidelity Bank, Chesapeake ~mnk and Trust, Citizens Trust Bank, Dominion National Bank, First Virginia Bank of Nansemond, Sovran Bank N.A. and United Virginia Bank. This motion would add American Bank and Sovran Bank N.A. to the previously designated list of authorized depositories." Motion of Mrs. Webb and seconded by Mr. GraM, to add American Bank and Sovran Bank N.A. to the previously designated list of authorized depositories, was adopted by unanimous vote. 84-16 Letter from the City Manager recommending adoption of a motion to bidder, Caruthers Construction Company, for construction of partitions for the Marketplace. award low Portside "With the impending completion of the present Portside Pavilion and Terminal Contract, the partitions to separate the individual shop owners must be constructed at this time in orde~ to be ready for the Spring opening. The following bid was received for the construction and installation of the partitions. Caruthers Construction Company $16,000 City Estimate $14,000 The poor bid response is attributed to the presently very active housing construction market. The City Engineer recommends award of the subject contract to the low bidder. Sufficient funds for this contract remain from the Spring, 1983 appropriation for the North Harbor In-The- Water Contract. It is therefore recommended that City Council authorize the award of this contract to the low bidder." Motion of Mrs. Webb and seconded by Mr. Gray, that the contract £orrthe construction and installation of the partitions be awarded to Caruthers Construction Company, low bidder, as recommended, and was adopted by unanimous vote. 84-17 Letter from the City Manager recommending adoPtion of a motion to refund R$cardo L Smith $20.30 for overpayment of 1983 Personal Property Taxes. "The Commissioner of The Revenue has requested a refund for 1983 Personal Property taxes for Richardo L. Smith, 3960 Two Oaks Road, Portsmouth, Virginia 23703. Mr. Smith was assessed twice on the a refund for Tax Bill No. S042330 in the same automobile and paid both tax bills; therefore, amount of $20.30 is requested. I recommend that Council adopt this motion, and refund be granted." Motion of Mr. Beamer and seconded by Mr. Gray, that authorization be granted to to Ricardo L. Smith $20.30~~ as requested, and was adopted by unanimous vote. refund 84-18 - Letter from the City Manager recommending adoption of a motion to refund Virginia Boat and Yacht Service $67.60 for Personal Property Taxes paid improperly. "The Commissioner of the Revenue has requested that a refund be made to Virginia Boat and Yacht Service in the amount of $67.60 for Personal Property taxes. This business was assessed on a 1983 Cadillac. The correct assessment of Personal Property taxes should have been on a 1983 Buick. I recommend that Council adopt this motion, and a refund be granted." Motion of Mr. Barnes and seconded by Mr. Gray, tha~ ~uthori~a~i0n be granted to refund to Virginia Boat and Yacht Service $67.60, plus interest, as requested, for taxes improper~~ paid, and was adopted by unanimous vote. - NEW BUSINESS 84-20 - Mr. Gray offered the following nominations for appointments to the following Boards/Commissions: