Minutes 01/27/2004 - Laserfiche WebLink

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January 27,2004 Wade Bartlett, Director of Finance & General Services, presented the financial report for month ending December 31,2003. Council considered adoption, on second reading of Ordinance 2004-1 amending Ordinance dated December 10, 1974, Section 21-1 Tax Year and tax rates. Council Member Ferrill moved to adopt, on second reading, of the following Ordinance 2004-1; the motion was duly seconded and carried by the following roll call vote, with all members voting: Vote 5 - 0; Yeas (5) - Cobbe, Dallas, Ferrill, Roop, Teague; Nays (0) - None: BE IT ORDAINED by the Council of the City of Martinsville, Virginia, in regular Session held on January 13, 2004, that Ordinance dated December 10, 1974, Section 21-1 of the Code of the City of Martinsville, be, and hereby is, amended to read as follows: Sec. 21-1. Tax year and tax rates. The tax year for taxes levied on real estate, tangible personal property and machinery and tools shall begin on the first day of January and end on the thirty-first day of December following, and the tax year for all other taxes shall be fixed by the council by ordinance. The rates of all taxes and levies, except on new sources of tax revenue, shall be fixed at the time of adoption of the general fund budget; however, nothing in this section shall be construed in such a manner as would interrupt the effect of such continuing tax ordinances as have already been adopted or may hereafter be adopted by the council. Council considered adoption, on second reading of Ordinance 2004-2 adding Sections 21-8.1 and 21-8.2 to Chapter 21 Taxation of the City Code. Vice Mayor Roop moved to adopt, on second reading, of the following Ordinance 2004-2; the motion was duly seconded and carried by the following roll call vote, with all members voting: Vote 5 - 0; Yeas (5) - Cobbe, Dallas, Ferrill, Roop, Teague; Nays (0) - None: