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
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