Minutes 05/12/1998 - Laserfiche WebLink

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46 TUESDAY, MAY 12, 1998 Residential; and Parcels 30 (1) 1, 2, 3, 11, 12, 13, and Parcels 40 (1), 4, 6, 7, 8, 9, 10 on the Zoning Map of the City of Martinsville is hereby rezoned from R-9 Residential to R-6 Residential. BE IT FURTHER ORDAINliD by said Council that, an emergency existing, this ordinance shall be in force immediately upon adoption. Council next considered the need to conduct a Public Hearing and consider approval, on first reading, of Ordinance No. 98-5 on the City's Budget for fiscal year 1998-99. Mr. Reynolds noted several special items in the proposed budget, including a 4.8% increase in revenues, no net increase in the number of City employees, and some re-organization of specific operational areas. He also reminded Council of the plan to go to bi- monthly readings of water meters, and the intent to create a Critical Repair program for the Inspection Division to execute that would provide up to $3,000 per house for up to ten houses to do critical repairs to prevent deterioration. Mr. Reynolds also mentioned that the Capital Reserve account included funds to purchase a new fire engine, on-board computers for Police vehicles, and a $400,000 paving and curb and gutter program. Vice-Mayor Crabtree noted that the Prison Fund deficit had been eliminated this year, and asked what effect this would have on the City' s cash position. Mr. Wade Bartlett, Director of Finance, replied that there would be no effect on the City's cash position, since all bills involved had already been paid over time. Mayor Adams opened the Public Hearing on the Budget Ordinance and there were no public speakers on this item. He then closed the Public Hearing and asked when Council wished to meet and have a final work session on the proposed budget. It was agreed that Council would meet again for this purpose on Thursday, May 14, 1998, and that approval of the budget on first reading would occur on that date. Vice- Mayor Crabtree asked whether this schedule would meet statutory requirements for final adoption on May 26, 1998, and was told that it would. Council next considered the adoption of a Reimbursement Resolution related to the financing of the Albert Harris Elementary School project. Mr. Reynolds pointed out that adoption of the proposed Resolution did not in any way obligate Council to proceed with this project, complete any financing, or obligate Council to a