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Motion passed. The minutes were approved. ****OLD BUSINESS**** 1. Finance Committee report regarding meeting held May 11, 2020. (to be provided) Councilmember Bullock read the following report into the record: The Finance Committee met on May H' with all committee members and many other councilmembers present. We received a briefing from the administration regarding COVID-19's impact on our city finances, including what we know to date and what we project in the future. We reviewed the actual data from month's end, April 30, 2020. In several important areas, especially intergovernmental funds from state government and our local income tax collections funds were significantly down from where we were 12 months ago. That is to be expected chiefly because ofa timing difference in the tax filing date. The normal significant amount offilings that would bring revenues into the city has been postponed until July. Councilmembers had a chance to discuss this in some depth. The most important word said on all sides was "uncertainty, " given that the administration has reiterated that the mayor has implemented austerity measures. I'm sure we will need to continue this discussion at a future meeting. Councilmember Bullock made a motion, seconded by President O'Malley to receive and file the oral report. Discussion: President O'Malley commended the administration for its financial diligence. He echoed sentiments of uncertainty regarding how COVID-19 will impact the city's budget. Mayor George noted that the unknown extent of the virus' impact has caused her administration to be as fiscally conservative as possible and has inspired the pause on the Cove Church project. On the motion: A roll call vote was taken as follows: Yeas —Bullock, Kepple, Litten, Neff, O'Malley, Rader, Shachner Nays —None Motion passed. The oral report was received and filed. 2. ORDINANCE 09-2020 - AN ORDINANCE to take effect immediately provided it receives the affirmative vote of at least two thirds of the members of Council, or otherwise to take effect and be in force at the earliest period allowed by law, authorizing the transfer and advance of certain funds. (Referred to Finance 5/4/20) (pg. 1) President O'Malley made a motion, seconded by Vice President Litten to defer. A roll call vote was taken as follows: Yeas —Bullock, Kepple, Litten, Neff, O'Malley, Rader, Shachner Nays —None