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<br />~g <br /> <br />TUESDAY <br /> <br />MAY 11, 1971 <br /> <br />BE IT FURTHER ORDAINED that a copy of this ordinance be forthwith <br />filed with the Clerk of Martinsville Corporation Court, as authorization <br />to mark his records accordingly. <br /> <br />Upon recommendation of the Planning Commission, Council directed that--at <br /> <br />its forthcoming June 8th meeting--a duly-advertised public hearing be <br /> <br />conducted jointly by the Council and the Commission on the Martinsville <br /> <br />Volunteer Fire Company's April 27th application for a Special-Use Permit <br /> <br />to allow this organization to conduct its 1971 Annual Bazaar at Brown Street <br /> <br />Field, with said Permit, if issued, to continue in effect for this purpose <br /> <br />and at said location for the years 1972 and 1973, subject to prior annual <br /> <br />review. <br /> <br />Preliminary to his 1971-72 Budget Message yet to be submitted, City Manager <br /> <br />Noland presented a statement, herein inserted as a part of these minutes, <br /> <br />in which he recommended that Council establish a tax rate of $2.00 (per one <br /> <br />hundred dollars of assessed valuation) on taxable real estate and public <br /> <br />service corporations and the continuation of the current $2.25 tax rate on <br /> <br />personal property and machinery and tools, all for the forthcoming tax year. <br /> <br />Following this presentation, Councilman William D. Hobson presented the <br /> <br />following statement, in which he recommended a real estate tax rate of <br /> <br />$l. 87~: <br /> <br />After careful consideration and study of the proposed rate of <br />$2.00 per hundred on real estate, and after many calls from citizens <br />concerned with the possibility of an increase, I am proposing that <br />we set our tax rate at $1.87~ per hundred. <br />If my recommendation is accepted, the approximate 25% increase <br />in total real estate taxes would be reduced to approximately l7%. <br />This may not seem like much; but to people with set incomes, <br />retired people, low income people, chronically sick people, etc., <br />this reduction could mean the difference in these citizens keeping <br />or losing their homes and/or becoming renters and a loss of real <br />estate revenue. <br /> <br />--,.__."_._-,....,,"---_.~--,-~~_.~"._'""-'---,._.,-,."'"."."~""'''-_.-.. <br />