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246 <br /> <br />Special session <br /> <br />and Mr. Albro abs <br />due to a possible <br />Buck, seconded by <br />ORDINANCE TO REPE~ <br />THE CITY OF CHARL <br />A TAX ON BANK STOl <br />ARTICLE XII, CON% <br />IMPOSE A FRANCHIS] <br />to the next meeti] <br /> <br />Mrs. O'Brien <br />stated position~w: <br /> <br /> Mr. Brunton <br />honoring Mr. Raym <br />recent untimely dc <br /> <br /> Mr. Hendrix <br />Hartman's Mill Ro <br />events regarding <br /> <br />for refunds of ~his tax during the previous two years. No <br />Federal court has addressed the issue; this ordinance is an <br />effort to resolve the matter without making refunds. The <br />General Assembly and State Department of Taxation agreed to <br />produce an alternative and this francise tax is the result, <br />adopted at the last sesaion of the General Assembly. The <br />State has_now repealed the authority to levy the bank stock <br />tax and instead authorized the franchise tax. This ordinance <br />would simply make this change in the City Code. Mr. Gatewood <br /> <br /> ~ained from discussion and vote on this matter <br /> conflict of interest. On motion by Mr. <br /> Mrs. O'Brien, an ordinance entitled !'AN <br /> kL ARTICLE V OF CHAPTER 10 OF THE CODE OF <br /> )TTESVILLE, 1976,~.AS AMENDED WHICH IMPOSED <br /> ]KI AND TO AMEND SUCH CHAPTER BY ADDING AN <br /> ~IN%NG SECTIONS 10-70 THROUGH 10-73, TO <br /> <br /> TAX ON BANKS" was offered and carried over <br /> g for consideration. <br /> asked that Council reiterate its previously <br /> .th the County regarding the Reservoir. <br /> :equested that Mr. Wiley compose a resolution <br /> ~nd Pace, City Sheriff, in,light of his <br /> ~ath. <br /> <br />.ndicated to Council his memo regarding the <br />Ld Project, which includes a chronology of <br />:he project. He stated that there is a <br />problem with budgeting, as it appears that the $60,000 will <br />not be sufficient. The Engineering Department is presently <br /> <br />looking at this and receiving bids. <br />may be necessary for retaining walls. <br />on this to Council at a later date. <br /> <br />Approximately $77,000 <br /> <br /> He will report further <br /> <br /> The Public Workds Depar.~ent has met with the Bicycle <br />Association to discuss bike trails identified as hazardous <br />and needing correction. The Engineering Division is making <br />estimates for these repairs as well as a cost estimate and <br />design for a bike trail requested in the Greenbrier area. <br /> <br /> On motion the meeting adjourned. <br /> <br />BASEMENT CONFERENCE~ ROOM~.WEDNESDAY, APRIL._9, 1980 <br /> <br /> Council met in special session on this date with the <br />following members present: Mr. Albro, Mr. Brunton, Mr. Buck, <br />Mr. Gatewood, Mrs, O'Brien. Absent: None. <br /> <br /> <br />