Agenda 01/13/2009 (2) - Laserfiche WebLink

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December 9,2008 point at Wal-Mart, goes by major retail, government, medical facilities, 12 hour days are divided into 4 City and 4 County loops, each approx. 90 minutes; fare paid upon boarding is $1, exact change only, Commonwealth from Liberty Street to Wal-Mart is covered every loop (90 minutes), there is method for pickup/drop-off for handicapped within % mile of route on bus regular schedule, subject to proper approval/ authorizations, joint project between City and County, technical assistance from West Piedmont PDC, managed by RADAR (Roanoke Area Dial A Ride), funding through Commonwealth Transportation Board/Dept. of Rail & Public Transportation, City and County, public meeting held on Monday, Dec 8th, suggestions are being considered/ expect routes to be finalized within approx. the next week, driver positions are filled, applications can still be sent to RADAR office in Roanoke (P. O. Box 13825, Roanoke, VA 24037). Commissioner of Revenue Ruth Easley gave an update on the Reassessment that will become effective July 1, 2009. State law requires cities to conduct a reassessment of real property every two years to ensure that the assessed value of each piece of property within the city is updated to keep that value of each piece of property within the city consistent with what the property is worth on the open market. The assessors in the Commissioner of the Revenue office will complete the city's biennial reassessment by the end of December 2008 and reassessment notices will be mailed to city property owners in early January 2009. Ms. Easley presented an overview to Council of the reassessment process, purpose and preliminary reassessment information. She reported that preliminary figures show that the overall assessed value of the total taxable properties in the city will increase about 6.7%. In order to keep the revenue generated from the city's real estate tax at no more that 1 % more than the current year's revenue levies, City Council would have to lower the tax rate for FY10 to $1.02 per $100 of assessed value. She also pointed out to Council that the governing body may raise the tax rate after holding a public hearing. The public hearing would have to occur no less than 30 days after the tax rate was lowered and would have to be advertised in the Martinsville Bulletin. City Manager and Finance Director Clarence Monday explained to Council that $1, 105,000 is budgeted in FY09 for purchase of a wastewater project, street