Minutes 09/27/1994 - Laserfiche WebLink

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142 TUESDAY, SEPTEMBER 27, 1994 implementation of the Hooker Field improvement effort. Mr. Reynolds reviewed the private-sector fund raising effort to date, noting that a shortfall of 868,738 existed in order to complete the grading of the field, irrigation work, fencing, construction of a new backstop, and installation of new lighting. Mr. Reynolds noted the Henry County Board of Supervisors had approved funding for the project equal to that provided by City Council. Mr. Reynolds recommended Council approve the appropriation in an amount up to $22,000 subject to two conditions being met: (1) actual receipt of the Phillies' pledge of $50,000; and (2) re-bidding of the field grading element to determine if a lower cost could be achieved. Upon motion, duly seconded and by unanimous vote, Council approved the supplemental appropriation, to be taken from the Hooker Field Fund. Council considered approval, on first reading, of the following Ordinances related to the operation of bingo and raffle games: Ordinance 94-10 establishing an annual audit fee and Ordinance 94-11 establishing a percentage of gross receipts that must be used for stated purposes of the organization's existence. Mr. Reynolds noted that the operation of bingo and raffle games within the City requires that a permit be issued by the City Manager, however the Code of Virginia establishes regulations for these operations. The applicable State Code section was amended effective July 1, 1994, thereby allowing local jurisdictions to set some guidelines for operation of the games. Ordinance 94-10 provides that an annual audit fee of 2% of the gross receipts or the actual cost of the audit if it is conducted by an independent auditor or accountant be impose~.. Ordinance 94-11 provides that organizations use 12% of their gross reca~p~s for the purpoees for which the organization is specifically chartered or organized or for