Minutes 02/24/1998 - Laserfiche WebLink

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TUESDAY, FEBRUARY 24, 1998 (3) Extend Commonwealth Boulevard from Chatham Heights east to an intersection with East Church Street (US58) in the vicinity of Ridge Road; and BE IT FURTHER RESOLVED by the Council of the City of Martinsville, Virginia, that the City of Martinsville agrees to pay its share of the total cost for preliminary engineering, fight-of-way, and construction of these projects in accordance with Section 33.1-44 of the Code of Virginia, and that, if the City of Martinsville subsequently elects to cancel these projects, the City of Martinsville hereby agrees to reimburse the Virginia Department of Transportation for the total amount of the costs expended by the ~", Department through the date the Department is notified of such cancellation. Council next considered a staff report from Wade Bartlett, Director of Finance, on the City's finances through the month ending January 31, 1998. Vice-Mayor Crabtree noted that the School Fund was trailing a little behind revenue and that the Meals Tax Revenues looked good. The Mayor noted that the first payment on the current school construction loan had been paid. Council Member Teague noted that the Technology Funds for the school system were being spent. Vice-Mayor Crabtree noted that Sales Tax Revenue seemed to be moving down, and Mr. Bartlett replied that this appearance was due to a change in audit practices which shifted one month of revenue to the previous year, but that this would be made up in the current budget at the end of the year with an adjustment for this one month shift. Mr. Teague noted that it was always good to see revenues exceeding expectations and expenditures below that which was expected. Vice-Mayor Crabtree observed that it was clear that the City's financial situation was good, and that we have enough to pay our debts, but that some members of the public just don't seem to get this message. Council next considered the Consent Agenda, which consisted of one item. Upon motion duly seconded, and by unanimous vote Council approved the setting of a public hearing on a request from Liberty Healthcare for an extension of its Special Use Permit to construct 40 villas for independent living on a 6.638 acre parcel currently zoned C-3 Commercial, said public hearing set for March 10, 1998.