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114 <br /> <br />Council which would increase limits for real estate and rent <br />relief to the elderly and disabled as allowed by State law. <br />Mr. Hendrix explained that if passed at this time the <br />ordinance would go into~effect on January 1, 1990 and.would <br />cost an additional $35,000 to $45,000 which was not included <br />in the budget. Mr. Hendrix stated that the other optiOn <br />would be to consider the ordinance during the budget cycle <br />and it would then go into effect on January 1, 1991. · <br /> <br /> Mr. Towe questioned why the ordinance was being brought <br />before Council at this time and Ms. Linda Peacock, Budget <br />Analyst, replied that it was brought at.the request of the <br />Commissioner of Revenue. <br /> <br /> Mr. Buck stated that he felt the change in the ordinance <br />was overdue but was concerned about approving a continuing <br />operating expense outside of the-budget process. <br /> <br /> Mr. ToWe stated that he would favor considering the <br />ordinance du~ing the budget process. <br /> <br /> Rev. Edwards made a motion to approve the ordinances and <br />Mr. Vandever seconded the motion. <br /> <br /> Mr. Buck stated that he felt the item should be taken up <br /> during the budget process when it could be considered in <br /> competition with other worthy prOgrams. <br /> <br /> Rev..Edwards and Mr. Vandever withdrew their motions and <br /> agreed to consider the matter during the budget session. <br /> <br />ORDINANCE: SHORT-TERM RENTAL TAXATION <br /> <br /> Mr. Clyde Gouldman, City Attorney, stated that this <br /> ordinance and the one folloWing regarded short-term rentals, <br /> reflecting a change in the State law which would allow <br /> short-term rental businesses to be taxed on 1% of their gross <br /> sales and taxed as general retailers. <br /> <br /> Mr. Hendrix stated that the ordinance regarding <br /> short-term rental taxation was required by the General <br /> Assembly. <br /> <br /> On motion by Mr. Vandever, seconded by Rev. Edwards, the <br /> ordinance .entitled "AN ORDINANCE TO AMEND AND REORDAIN <br /> SECTIONS 15-1, 15-20.1, 15-112 AND 15-114 OF THE CODE OF THE <br /> CITY OF CHARLOTTESVILLE, 1976, AS AMENDED, RELATING TO <br /> SHORT-TERM RENTAL TAXATION" was offered and carried over to <br /> the next meeting for consideration. <br /> <br />ORDINANCE: DAILY RENTAL PROPERTY <br /> <br /> Mr. Buck questioned whether the ordinance change <br /> regarding daily rentals would be revenue neutral. <br /> <br /> Mr. Gouldman replied that staff would respond to Mr. <br /> Buck's question by the second reading of the ordinance. <br /> <br /> On motion by Rev. Edwards, seconded by Mr. Vandever, the <br />ordinance entitled "AN ORDINANCE TO AMEND AND REORDAIN <br />SECTION 10-18.1 OF CHAPTER 10, AND TO ADD ARTICLE XVI TO <br />CHAPTER 10, OF THE CODE OF THE~CITY OF CHARLOTTESVILLE, 1976, <br />AS AMENDED, FOR TAXATION OF DAILY RENTAL PROPERTY" was <br />offered and camried over to the next meeting for <br />consideration. <br /> <br />PUBLIC <br /> <br />There were no matters by the public. <br /> <br />OTHER BUSINESS <br /> <br />On motion by Mr. VandeVer, seconded by Rev. Edwards, <br /> <br /> <br />