HomeMy WebLinkAboutMN-CC-2016-06-29COMMON COUNCIL PROCEEDINGS
CITY OF ITHACA, NEW YORK
Special Meeting 6:00 p.m. June 29, 2016
PRESENT:
Acting Mayor Mohlenhoff
Alderpersons (6) Murtagh, Nguyen, Gearhart Fleming, Kerslick, Smith
EXCUSED:
Alderpersons McGonigal, Brock, Smith, Martell
OTHERS PRESENT:
City Clerk – Conley Holcomb
City Attorney – Lavine
City Controller – Thayer
PLEDGE OF ALLEGIANCE:
Acting Mayor Mohlenhoff led all present in the Pledge of Allegiance to the American
Flag.
SPECIAL ORDER OF BUSINESS:
Motion to Enter into Executive Session to Discuss the Settlement of Pending
Litigation:
By Alderperson Smith: Seconded by Alderperson Kerslick
RESOLVED, That Common Council enter Executive Session to discuss the settlement
of pending litigation.
Carried Unanimously (7-0)
RECONVENE:
Common Council reconvened into Regular Session with no formal action taken.
Resolution Authorizing Offer of Settlement of Administrative Proceeding
By Alderperson Smith: Seconded by Alderperson Kerslick
RESOLVED: That Svante L. Myrick, the Mayor of this City, be and hereby is authorized
to act on behalf of the City, and in his sole discretion, to negotiate, approve, and make
the offer of settlement as attached hereto, to the United States Securities and Exchange
Commission (“Commission”) in connection with the investigation conducted by the
Commission; in this connection, the aforementioned Svante L. Myrick be and hereby is
authorized to undertake such actions as he may deem necessary and advisable,
including the execution of such documentation as may be required by the Commission,
in order to carry out the foregoing.
Carried Unanimously (7-0)
ADJOURNMENT:
On a motion the meeting adjourned at 6:30 p.m.
______________________________ _______________________________
Julie Conley Holcomb, CMC Deborah Mohlenhoff
City Clerk Acting Mayor