Minutes 10/10/1989 - Laserfiche WebLink

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TUESDAY, OCTOBER 10, 1989 Ordinance No. 89-14, authorizing the payment of interest on refunds of taxes erroneously assessed, died when a motion by Councilman McClain to adopt it was not seconded. Correspondence from the City Attorney stated that the governing body, at its discretion, has the option to pay or not pay interest on such voluntary refunds. City Manager Brown noted that based on the Council Minutes of August 22, 1989, Council took action authoriz.ing the refund of erroneously assessed taxes paid by IBM Credit Corporation and Sovran Leasing Corporation (plus accrued interest). These firms were notified by the Clerk of Council, that the erroneously assessed personal property taxes on leased equipment'would be refunded with interest. The City Manager stated that the taxes paid have been refunded to IBM Credit Corporation in the amount of $32,850.95 and to Sovran Leasing Corporation in the amount of $8,636.83. It was observed that the prior action of Council to pay interest on the refunded taxes was invalid since there does not exist an ordinance that allows for the payment of interest on such erroneously assessed taxes paid. It was, therefore,' requested that the two above named companies will be notified that the City will not pay interest on these paid erroneously assessed personal property taxes. Council voted unanimously to conduct a public hearing on October 24, 1989, to consider a request by James W. Haskins, Attorney for Adult Day Care Center of Martinsville and Henry County, on proposed legislation to be introduced in the General Assembly that would allow this organization to obtain a property tax exemption status. Mr. Haskins noted that the building and land formerly known as the Martinsville Athletic Club on Commonwealth Boulevard had been given to the organization for the operation of an Adult Day Care Center. The City Manager stated that the Council had the options of adopting a resolution in