Minutes 01/22/1980 - Laserfiche WebLink

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" 1- " " TUESDAY .... .... JANUARY 22, 1980 -- Council continued for further consideration a letter (dated January 18, 1980) from the Richmond Area Office of the United States Department of Housing & Urban Develop- ment notifying the City that the City's pre-application for a single-purpose grant of $600,000.00 for llhousing rehabilitation" has received an approved rating and that grant funds, in the amount pre-applied for, have been reserved for the City and will become available upon submission and approval of a full application. --- In acceptance of City Manager Noland's recommendation presented to Council at its January 8th meeting, supported by Police Chief Gard and Fire Chief Gregory, Council appropriated (from its General Fund Emergency Account) the sum of $5,000.00 for the purchase of physical fitness equipment and, also, accepted Police Chief Gard's offer of a contribution of $500.00 from the Police Benevolent Fund toward the cost thereof, making for a net cost of $4,500.00 to the City. Council acknowledged receipt of verbal reports indicating that, for those City utility services customers who itemize their deductions for income tax purposes, no portions of the City's utility service charges are tax-deductible, although it was learned that one Virginia municipality has advised its customers otherwise and - has provided its customers with percentages of its charges which might be deducted, under the Internal Revenue Service's Rule 76-45. Upon motion, duly seconded and unanimously carried, Council authorized the City administration to enter into a lease-purchase financing arrangement for the acquisition of the City's data-pro-cessing system soon to be installed, such authorization including the acceptance of the most acceptable bid proposal, either from commercial leasing institutions or from private individuals.