Minutes 01/11/2000 - Laserfiche WebLink

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January 11,2000 A regular, semi-monthly meeting of the Council of the City of Martinsville, Virginia, was held on January 11, 2000, in Council Chamber of the Municipal Building, beginning at 7:00 P. M., with Mayor Mark Crabtree presiding. Council Members present included: Mark A. Crabtree, Mayor; M. Gene Teague, Vice Mayor; and Council Members Bruce H. T. Dallas, Elizabeth H. Haskell, and Terry L. Roop. Following delivery of the invocation by Council Member Dallas, Mayor Crabtree welcomed everyone to the meeting. Vice Mayor Teague moved to approve, as presented, the December 14, 1999, meeting; the motion was duly seconded and Minutes of the carried by the following vote, with all members voting: Haskell, Roop, Teague; Nays (0) - None. Council considered adoption of a Vote 5 - 0; Yeas (5) - Crabtree, Dallas, Resolution allowing City employees to purchase select prior service credit through the Virginia Retirement Service on a tax- deferred basis through payroll deduction and authorizing the City to submit these monies to the VRS. Iris Read, Human Resources Manager, stated, "This option was not available until July 1, 1999, and is of no cost to the City. The number of employees that would benefit is unknown at this time. Over 250 jurisdictions am already under this plan." Council Member Roop moved to adopt the following resolution; the motion was duly seconded and carried by the following vote, with all members voting: Vote 5 - 0; Yeas (5) - Crabtree, Dallas, Haskell, Roop, Teague; Nays (0) - None: WHEREAS, the City of Martinsville, Virginia, desires to provide its employees with tax deferral pursuant to Section 414(h) of the Internal Revenue Code with respect to their member contributions to the Virginia Retirement System, the State Police Officers Retirement System and the Judicial Retirement System (collectively