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TUESDAY. June 27~ 2000 <br /> <br />Next, Council considered an update on the Martinsville-Henry County Chamber of Commerce's Tourism <br />Initiative. Kim Adkins, Executive Director of the Marfinsville-Henry County Chamber of Commerce, <br />presented the update. Ms. Adkins encouraged citizens and Council to support the Chamber's efforts to <br />launch an Office of Tourism for the area. Ms. Adkins summarized five projects the Chamber is currently <br />working towards within the Chamber's Program of Work and economic development. Ms. Adkins requested <br />a two-year commitment from the City for $20,500 to launch the Office of Tourism. Ms. Adkins provided a <br />plan for the use of the said funds. Ms. Adkins said the Chamber is waiting to meet with County Officials, <br />and they are aware of the plan. City Manager Reynolds stated that in the FY 1999-2000 budget, $44,163 is <br />appropriated for these efforts, and $24,500 is recommended in the FY 2000-2001 budget for miscellaneous <br />development. Mr. Reynolds summarized the City's receipt of Regional Competitivehess Funds. After <br />heating the presentation, Council opted to wait and see what action Hem'y County takes on the issue. <br /> <br />Next, Council considered adoption, on second reading, Ordinance No. 2000-3, establishing the City's Budget <br />and Tax Rates for FY 2000-2001, effective on July 1, 2000. City Manager Reynolds distributed a revised <br />Ordinance No. 2000-3 and explained that the budget proposal is a snapshot in time, and since last Council <br />Budget Work Session and Public Hearing, some issues have changed that impact the proposed budget. The <br />issues are as follows: 1) The revised budget does include the additional $25,000 for the Police Department <br />for officer recruitment/retention issues. 2) The revised budget does include a 2.4% pay increase for City <br />employees, to be effective December 1, 2000. 3) Revenues increased $124,500 for sale of property. 4) The <br />City has been notified by the Virginia Retirement Service that rates have changed, saving $46,136 in the <br />General Fund. 5) $200,000 was in the proposed budget for machinery and tools tax from Tultex. The ~mds <br />will not be received by the City due to a court ruling. End of changes. City Manager Reynolds summarized <br />a handout that outlined budget adjustments including a $42,500 grant the Fire Department will receive to <br /> <br /> <br />