On what was supposed to be an off week for City Council, it will convene nonetheless in a special meeting to address concerns over local gasoline supply and, more ominously, the potential impacts to the city from the current financial-market meltdown.
On the gasoline issue, Council will discuss the city’s recent conservation efforts, the current plan of action and future contingency planning.
On the financial issue, Chief Financial Officer Ben Durant says in a memorandum that the city “is beginning to see the impacts of [the] current national economic trends,” without giving details. Durant says he will give an overview of the city’s operating-budget revenue and expenditure trends, the security of the city’s cash investments, and the challenges to issuuing public bond issues in the current market.
The open meeting will take place Tuesday, Oct. 7, in Council chambers on the second floor of City Hall. Agenda and documents here.
— Hal L. Millard, staff writer