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TUESDAY, MAY 24, 1988 <br /> <br />CONDITIONS <br /> Following required survey, an appropriate map shall be <br /> prepared reflecting the vacating and abandonment of said <br /> alleyway, which map shall be presented to the City <br /> Planner and, after his approval, must be filed with the <br /> Clerk of Martinsville City Circuit Court for recordation. <br /> <br />BE IT FURTHER ORDAINED by said Council that, an'emergency existing, <br />this ordinance shall be in force on and after May 25, 1988. <br /> <br />Also, pursuant to duly-published notice, Council conducted a public hearing on a <br /> <br />proposed budget for the City of Martinsville for the fiscal year beginning July <br /> <br />1, 1988, predicated on retention of the same property tax rates as were in <br /> <br />effect for 1987-88. There being no objections registered by any citizen to the <br /> <br />proposed budget (as previously revised), Mayor Oakes declared this public <br /> <br />hearing closed; whereupon motion, duly seconded and unanimously carried, Council <br /> <br />adopted said proposed budget and established for 1988-89 the same property tax <br /> <br />rates as were in effect for 1987-88 through the following ordinance (duly <br />adopted) identified as Ordinance No. 88-7: <br /> <br />BE IT ORDAINED by. the Council of the City of Martinsville, Virginia, in <br />regular meeting assembled this 24th day of May, 1988, that the following <br />sums of money be and hereby are appropriated--by Funds--for the City's <br />fiscal year ending June 30, 1989, from the following Fund sources of <br />estimated revenue: <br /> Appropriations R e v e n u e s <br /> and From <br /> Reserves Projected Surplus <br /> <br />General Fund <br />Electric Fund <br />Water Fund <br />Sewer Fund <br />Stores Fund <br />Revenue Sharing Fund <br />Housing Services Fund <br />Prison Farm Fund <br />Cafeteria Fund <br />Textbook Fund <br />Electric Capital Reserve Fund <br />Sewer Bond Reserve Fund <br />Industrial Park Fund <br />School Bond Fund <br />Street Maintenance Fund <br /> <br />$21,767,650 $20,300,857 $ 1,466,793 <br />11,461,123 10,575,506 885,617 <br />2,691,133 1,886,420 804,713 <br />2,315,029 1,840,000 475,029 <br />191,150 191,150 0 <br />13,017 0 13,017 <br />504,804 477,063 27,741 <br />656,066 646,066 10,000 <br />722,883 722,883 0 <br />132,160 132,160 0 <br />250,000 125,000 125,000 <br />0 0 0 <br />346,377 0 346,377 <br />10,499 0 10,499 <br />1,633,418 1,633,418 0 <br /> <br />TOTAL $42,695,309 $38,530,523 $ 4,164,786 <br /> <br /> <br />