Minutes 05/14/1985 - Laserfiche WebLink

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90 TUESDAY MAY 14, 1985 The regular semi-monthly meeting of the Council of the City of Martinsville, Virginia, with Vice-Mayor Eliza H. Severt presiding, was held Tuesday, May 14, 1985, in the Council Chamber, City Hall, beginning at 7:30 P.M., all members being present, with the exception of Mayor William C. Cole, Jr., (who was away from the City), as follows: Eliza H. Severt, Vice-Mayor; Alfred T. Groden; L. D. Oakes; and Clyde L. Williams. Vice-Mayor Severt expressed the Council's concern for Mr. W. Holliday Yeaman, Clerk of Council, who was in the hospital after suffering a heart attack on Sunday evening. A moment of silent prayer for Mr. Yeaman's return to good health was held. After the invocation and Vice-Mayor Severt's cordial welcome to visitors present, Council unanimously approved the minutes of special and/or regular meetings held April 15, April 16, April 23, and April 29, 1985, with one correction in the April 29 minutes on page 88, as underlined below: "Councilman Groden then introduced a motion that the recommended 1985-86 City Budget, as hereinbefore amended, be further amended--and then accepted, subject to some possible minor modifications and subject to the required public hearing and Council's adoption--to provide that, instead of the sum of $1,750,000.00 proposed to be transferred from the Electric Fund to the General Fund in 1985-86, only the estimated 1985-86 Electric Fund "profit" (of $686,603.00 $1,186,603.00) be so transferred, by which motion, if seconded and adopted, there would not be a continuation of the practice instituted in 1984-85 of "bleeding" Electric Fund surplus to the advantage of the General Fund, with Mr. Groden insisting that the General Fund should, in effect, operate without Electric Fund profits. ..... There being no business from the floor, Vice-Mayor Severt proceeded with the prepared agenda.