Minutes 09/09/1980 - Laserfiche WebLink

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"'" ,.... l ".' './ TUESDAY SEPTEMBER 9, 1980 - to the City's regulations governing the usage of the City's Beaver Creek Reservoir whereby "canoening" will be permitted on the water impoundment thereof. Meanwhile, members of Council suggested that the original committee which developed these regulations be re-activated for the purpose of reviewing the regulations for up-date recommendations and, meanwhile, as Vice-Mayor Cole urged, that consideration be given by the City's administration toward improving and further developing the reservoir area. -- Upon motion, duly seconded and unanimously carried, Council adopted (on second reading) the following ordinance providing for the semi-annual collection and payment of City real estate taxes: WHEREAS, the Council of the City of Martinsville, Virginia, has heretofore provided for payment of annual taxes on real estate; but, WHEREAS, said authorization was never put in the form of an ordinance; and, WHEREAS, Section 58-847 of the 1950 Code of Virginia~ as amended, provides that said Council may provide by ordinance for the payment of said taxes in installments and may provide by ordinance penalties for failure to pay said taxes on time, and may provide for payment of interest on delinquent taxes; now, therefore, BE IT ORDAINED by the Council of the City of Martinsville, Virginia, in regular session held on September 9, 1980, that taxes on real estate shall be paid in equal installments, and that the first installment consisting of one-half of the levied tax shall become due and payable on December 5 of each tax year and that the second installment consisting of one-half of the levied tax shall become due and payable on June 5, of said tax year; and, BE IT FURTHER ORDAINED that the penalty for failing to pay any such install- ment on time shall be five (5) percent of the tax past due; and, BE IT FURTHER ORDAINED that any such penalty shall be assessed on the day after any such installment is due and that any such penalty when so assessed shall become a part of the tax; and, BE IT FURTHER ORDAINED that interest shall be paid on delinquent taxes at the rate of six (6) percent per annun, said interest to commence on the first day of the month following the month in which any such installment was due.