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WITH RESPECT TO EVERY PRESENT AND FUTURE LEASE OR CONTRACT WHICH IS DULY EXECUTED AND IN EFFECT AND WHICH IS RELATED TO OPERATION OF THE AIRPORT PROPERTIES, THE COMMISSION SHALL HAVE THE DUTY OF REVIEWING SUCH INSTRUMENT AS OFTEN AS MAY BE NECESSARY IN ORDER TO KEEP THE GOVERNING BODIES FULLY INFORMED OF WHETHER THE COMMISSION IS OF THE OPINION THAT ALL THE TERMS OF THE LEASE OR CONTRACT ARE BEING MET PROPERLY AND COMPLETELY. IT SHALL ALSO BE THE RESPONSIBILITY OF THIS COMMISSION, PRIOR TO EXECUTION BY THE GOVERNING BODIES OF ANY PROPOSED LEASE OR CONTRACT FOR OPERATION OF THE AIRPORT PROPERTIES, OR AGREEMENTS FOR IMPROVEMENTS OR EXPANSION OF THE AIRPORT, TO REVIEW THE INSTRUMENT PROPOSED AND, FOLLOWING SUCH REVIEW, TO MAKE RECOMMENDATIONS TO THE GOVERNING BODIES RELATED TO THE PROPOSED LEASE, CONTRACT OR AGREEMENT WHICH THE COMMISSION DEEMS APPROPRIATE. ADOPTED BY THE COUNCIL APRIL 20, 1970 AYES: MR. DAVIS, MR. RINEHART, MR. VAN YAHRES, MR. VOGT AND MR. WRIGHT. NOES: E. CLERK PRESIDENT ANNUAL TAX LEVY IMPOSING TAXES ON PROPERTY AND MACHINERY AND TOOLS FOR THE PAYMENT OF INTEREST AND RETIREMENT ON THE CITY DEBT, FOR THE SUPPORT OF THE CITY GOVERNMENT AND CITY SCHOOLS, AND FOR OTHER PURPOSES. BE IT ORDAINED BY THE COUNCIL OF THE CITY OF CHARLOTTESVILLE THAT FOR THE YEAR BEGINNING ON THE FIRST DAY OF JANUARY, 1970, AND ENDING THE THIRTY-FIRST DAY OF DECEMBER, 1970, AND EACH YEAR THEREAFTER WHILE THIS ORDINANCE IS IN FORCE, THE TAXES ON PROPERTY AND MACHINERY AND TOOLS FOR LOCAL PURPOSES SHALL BE AS FOLLOWS: GENERAL LEVY: 1. LAND, LOTS AND BUILDINGS; CERTAIN TANGIBLE PERSONAL PROPERTY AND OTHER PROPERTY. ON TRACTS OF LAND, LOTS AND IMPROVEMENTS THEREON; ON ALL LIVESTOCK, AUTOMOBILES, TRAILERS, BOATS UNDER FIVE TONS BURTHEN, BOAT TRAILERS, TRACTORS OR OTHER MOTOR VEHICLES AND MOBILE HOMES; ON ALL TANGIBLE PERSONAL PROPERTY USED OR HELD IN CONNECTION WITH ANY MINING, MANUFACTURING OR OTHER BUSINESS, TRADE, OCCUPATION OR PROFESSION INCLUDING FURNISHINGS, FURNITURE AND APPLIANCES IN RENTAL UNITS; AND, ON ALL PROPERTY ASSESSED FOR CHARLOTTESVILLE TAXATION BY THE STATE CORPORATION COMMISSION, WHICH IS NOT EXEMPT FROM LOCAL TAXATION, THE TAX SHALL BE $1.00 ON EVERY $100.00 ASSESSED VALUE THEREOF TO PAY THE GENERAL OPERATING EXPENSES OF THE CITY GOVERNMENT AND TO PAY THE INTEREST AND RETIREMENT ON THE CITY DEBT OTHER THAN SCHOOLS; AND, THERE SHALL BE LEVIED AN ADDITIONAL TAX ON EVERY $100.00 ASSESSED VALUE OF $0.37 TO PAY THE INTEREST AND RETIREMENT ON SCHOOL BONDS, AND $3.42 FOR THE MAINTENANCE AND OPERATION OF THE CITY SCHOOLS. 2. MACHINERY AND TOOLS. ON MACHINERY AND TOOLS USED IN A MANUFACTURING OR MINING BUSINESS THE TAX SHALL BE $1.00 ON EVERY $100.00 ASSESSED VALUE THEREOF TO PAY THE GENERAL OPERATING EXPENSES OF THE CITY GOVERNMENT AND TO PAY THE INTEREST AND RETIREMENT ON THE CITY DEBT OTHER THAN SCHOOLS; AND, THERE SHALL BE LEVIED AN ADDITIONAL TAX ON EVERY $100.00 ASSESSED VALUE OF $0.37 TO PAY THE INTEREST AND RETIREMENT ON SCHOOL BONDS AND $3.42 FOR MAINTENANCE AND OPERATION OF THE CITY SCHOOLS. ADOPTED BY THE COUNCIL MAY 4, 1970 AYES: MR. DAVIS, MR. RINEHART, MR. VAN YAHRES AND MR. VOGT. NOES: NONE. (MR. WRIGHT ABSENT) CLERK PRESIDENT