Minutes 01/23/2001 - Laserfiche WebLink

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January 23, 2001 · Number of members: Reduce number of members appointed by council from nine to seven, with at least two members being in financial services professions and one member being a businessman employed in the City. · Frequency of meetings: Meet at least quarterly rather than monthly. This change will allow for less frequent, but more substantive meetings. Additional meetings would be called as necessary. · General Duties would be as follows: · Analyze the City's long-term financial planning and financial objectives established and make recommendations thereon. · Analyze the City's annual operating and capital budgets to evaluate these plans impact on supporting the City's overall financial goals and make recommendations thereon. · Survey all aspects of the City's bond indebtedness and make recommendations thereon. · Advise the City Council as to the propriety of all bond issues and assist the City Council and the chief financial officer in the promotion and accomplishment of bonds issues, including communications as necessary with the bond rating agencies. Financial Impact: · There is no financial cost for this change. Motion by Mr. Whitehurst, and seconded by Mr. Moody, to adopt the following ordinance, and was adopted by the following vote: "AN ORDINANCE TO AMEND CHAPTER 12 OF THE CODE OF THE CITY OF PORTSMOUTH, VIRGINIA (1988) BY AMENDING SECTIONS 12-143, 12-144, 12-148 AND 12-151 PERTAINING TO THE MUNICIPAL FINANCE COMMISSION." Ayes: Benn, Griffin, Moody, Pitts, Robinett, Whitehurst, Holley Nays: None 01 - 35 - Adoption of an ordinance creating a History Commission that will serve as an advisory body to the City Council. Recommendation: · Adoption of an ordinance creating a History Commission that will serve as an advisory body to the City Council. Purpose and Need: · This commission will engage the wide depth of experience found in Portsmouth citizens who have an interest in, and familiarity with, the history and heritage of the community to provide overall advice on a variety of activities to preserve the past and create marketable products related to history and heritage. Financial Impact: · The creation of the History Commission has no direct financial impact. The commission may make recommendations to the City Council at a later date on the need for funding and the benefits therefrom.