(City Manager Pat Woods)
(File Photo)
City Manager Pat Woods is trying to reassure Common Councillors over a warning that city assets could be seized if the city doesn't make scheduled contributions to its pension plan.
Woods told Council if the city's request to have its payments deferred for a year is approved, the whole issue of city assets being seized becomes moot. He also told council members the city has met with the Superintendent of Pensions to keep her informed of what's going on. He describes the meeting as positive.
Deputy Mayor Stephen Chase, who chaired the meeting in the absence of Mayor Ivan Court, urged M-L-A's to pass the recommended changes passed by Council last week.
