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TUESDAY, JANUARY 26, 1999 <br /> <br />241 <br /> <br /> Council next considered financial reports for months ending 11/30/98 and 12/31/98, provided by <br />Mr. Wade Bartlett, Director of Finance. As the information in the reports was cumulative Mr. Bartlett <br />placed greatest emphasis on his December report. He noted that all funds were meeting or exceeding <br />revenue projections, and that all expenditures were lower than expected. Mr. Bartlett characterized the <br />balance sheet as healthy, and stated that all finances were within budget expectations. <br /> <br /> In items not on the agenda, Mayor Crabtree provided all Council Members with a copy of a letter <br />he had sent to Mr. Jack Dalton, Chairman of the Henry County Board of Supervisors, requesting the <br />County's consideration of participation in the establishment of a joint Toudsm Development office. <br /> <br /> Council next considered the need to meet in Executive Session. In accordance with Section 2.1- <br />344 (A) of the CODE OF VIRGINIA (1950, and as amended) and upon motion, duly seconded, and by <br />unanimous recorded vote, Council convened in Executive Session for the purpose of discussing the <br />following matters: <br /> <br />A. Use of real property for public use, as authorized by Subsection 3. <br /> <br />B. Possible acquisition of real property for public use, as authorized by Subsection 3. <br /> <br /> At the conclusion of this Executive Session, each member of Council certified that (1) only public <br />business matters exempt from open meeting requirements were discussed in said Executive Session; and <br />(2) only those business matters identified in the motion convening the Executive Session were heard, <br />discussed, or considered during said Session. <br /> <br /> <br />