Minutes 04/22/2013 - Laserfiche WebLink

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April 22, 2013 At a Called Meeting of the City Council on Monday, April 22, 2013, there were present: *Mayor Kenneth I. Wright, Vice Mayor Paige D. Cherry, William E. Moody, Jr., Marlene W. Randall, Elizabeth M. Psimas, Dr. Curtis E. Edmonds, Sr., *Danny W. Meeks, City Manager John L. Rowe, Jr., City Attorney George M. Willson. 13 - 178 -The following call for the meeting was read: "Please attend a Called Meeting of the City Council to be held in the 6t" Floor Conference Room, 801 Crawford Street, 6:00 p.m., Monday, April 22, 2013 for the purpose of a Public Work Session. In addition, you may consider a motion to go into a Closed Meeting. By order of the Mayor." 13 - 179 -The following items were discussed in Public Work Session: City Attorney George Willson read the following statement: As each City Council member may have a personal interest in the issuance of the bonds, the Virginia Conflict of Interests Act requires that each member make certain declarations prior to participating in any discussion or vote. In the interest of time, rather than have each member read an individual declaration, I'm going to read the declaration and then ask each council person to indicate whether he/she agrees with the declaration. The declaration is as follows: "In order to participate in the public hearing, discussion, and vote on Items 13- 185 and 13-187, I have been advised by the City Attorney that, under the Virginia Conflict of Interests Act, I must first make the following declaration: (1) The matter under consideration includes the proposed issuance of pension obligation bonds to fund (a) the current obligations of the Portsmouth Supplemental Retirement System (PSRS) and (b) an increase in pension benefits for all PSRS members should Council vote in the future to reduce or eliminate the Social Security offset for PSRS retirees. (2) I am a member of the Portsmouth Supplemental Retirement System. (3) The Portsmouth Supplemental Retirement System is composed of approximately 450 current and past City employees and officers. (4) I am able to participate in the public hearing, discussion, and vote on this matter fairly, objectively, and in the public interest." At this time, I ask that the Clerk take a roll call vote of each Council member as to his or her agreement with the declaration. A "Yes" vote signifies agreement. Ayes: Cherry, Edmonds, Meeks, Moody, Psimas, Randall, Wright Nays: None 1. Budget Briefing ^ School Budget ^ Pension Obligation Bonds ^ Social Security Offset