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<br />Hl <br /> <br />TUESDAY, OCTOBER 13, 1987 <br /> <br />recommendations in this matter and adopted the following ordinance authorizing and <br /> <br />directing the vacating of said right-of-ways, subject to compliance with conditions <br /> <br />set forth in said ordinance: <br /> <br />BE IT ORDAINED by the Council of the City of Martinsville, Virginia, in <br />regular meeting assembled this thirteenth day of October, 1987, that <br />unused-and-excess right-of-ways situated on the south side of Market Street <br />and east of College Street, referred to as "unused-excess Brown Street and <br />Market Street right-of-ways" (details of which are on file with the <br />Martinsville Planning Commission), be and are hereby declared vacated and <br />abandoned, subject to the filing by Martinsvi1le Bulletin of appropriate <br />map or maps with--and the approval by--the, City's Engineering Division and <br />the City Planner, showing the areas hereby vacated and abandoned, which map <br />or maps, when and as approved, shall be duly recorded in the office of the <br />Clerk of Martinsville City Circuit Court. <br /> <br />BE IT FURTHER ORDAINED by said Council that, an emergency existing, this <br />ordinance shall be in force and after October 14, 1987. <br /> <br />Council unanimously accepted, and placed on first reading, an ordinance (identified <br /> <br />as Ordinance No. 87-8) which, if adopted as scheduled for Council's forthcoming <br /> <br />October 27th regular meeting, will amend and update the City's current regulations <br /> <br />which provide real estate tax relief for qualifying property owners, i.e., qualifying <br /> <br />property owners who are sixty-five years of age or older and/or totally-and- <br /> <br />permanently disabled. Said proposed ordinance, the record notes, is drafted around <br /> <br />the first (identified as "Proposal No.1") of two proposals recently presented to <br /> <br />Council by Commissioner of the Revenue J. Ronnie Minter. <br /> <br />Council acknowledged receipt of a report submitted by Commissioner of the Revenue J. <br /> <br />Ronnie Minter, in which report Mr. Minter projected the City's 1987 net revenue from <br /> <br />local taxes on personal property at $1,406,167.00, representing an increase of <br /> <br />$61,178.00, or 4.5% , over revenue from this source in 1986. Mr. Minter noted, <br /> <br />however, that said increase might be reduced by $18,033.00 (or to $43,145.00, for an <br />