Laserfiche WebLink
<br />(ro <br /> <br />TUESDAY <br /> <br />JULY 8, 1980 <br /> <br />The regular semi-monthly meeting of the Council of the City of Martinsville, <br /> <br />Virginia, with Mayor Barry A. Greene presiding, was held Tuesday, July 8, 1980, <br /> <br />in the Council Chamber, City Hall, beginning at 7:30 P.M., all members being <br /> <br />present, viz., Barry A. Greene, Mayor; William C. Cole, Jr., Vice Mayor; L. D. Oakes; <br /> <br />Henry C. Reed; and Francis T. West. <br /> <br />After the invocation, Council approved--as recorded--the minutes of its regular <br /> <br />meeting held June 24, 1980, and of its special reorganizational meeting held July 1, <br /> <br />1980. <br /> <br />Upon recommendation of the CBD Commission, Council unanimously increased the parking- <br /> <br />space rental rate, for City-operated parking lots within the downtown business district, <br /> <br />from the current $5.00 per month to $10.00 per month. (Note: Mayor Greene abstained.) <br /> <br />Council took no action on a recommendation submitted by the CBD Commission and <br /> <br />presented by Mr. Douglas K. Frith, Attorney at Law and Chairman of the CBD's Code and <br /> <br />Ordinance Review Committee, urging Council to prepare and/or adopt an ordinance <br /> <br />permitted under Section 58-760.3 of the CODE OF VIRGINIA (1950, and as amended) whereby <br /> <br />commercial and industrial property owners might be exempt, for a period not longer than <br /> <br />ten years, from real estate taxes applicable to increased valuations resulting from <br /> <br />costs incurred by such property owners in substantially rehabilitating their properties. <br /> <br />During a discussion of this matter, questions posed by members of Council dealt with <br /> <br />such matters as the administering of the tax exemption proposal, if adopted; the scope <br /> <br />thereof; and, also brought out was the fact that, since the inception in 1972 of the <br /> <br />CBD program, large sums of taxpayers' monies have been invested in the downtown <br />