Loading...
The URL can be used to link to this page
Your browser does not support the video tag.
Home
My WebLink
About
City Council - Regular Meeting - Jun 18, 2018
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rial]] &DQYDVDQG&KDUGRQQD\ 5HJXODU$GMRXUQHG0HHWLQJ-XQH [[559,547,572,600][11][,I,][Arial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³$OOH\1R3DUNLQJ=RQHV´RIWKH &RPSUHKHQVLYH7UDIILFDQG3DUNLQJ5HVROXWLRQVWRUHDGDVIROORZV 2QWKHZHVWVLGHRIWKHQRUWKVRXWKDOOH\ZKLFKOLHVLQWKHVRXWKKDOIRIWKH 5HJXODU$GMRXUQHG0HHWLQJ-XQH QGUGVWQG EORFNEHWZHHQ6W6:DQG6W6:IURP$YH6:WR$YH6:DWDOO WLPHVZHVWVLGH DQG % $GGSDUDJUDSKRI6HFWLRQ&³6SHFLDO3DUNLQJ=RQHV´RIWKH&RPSUHKHQVLYH 7UDIILFDQG3DUNLQJ5HVROXWLRQVWRUHDGDVIROORZV 2QWKHHDVWVLGHRIWKHQRUWKVRXWKDOOH\ZKLFKOLHVLQWKHVRXWKKDOIRIWKH QGUGVWQG EORFNEHWZHHQ6W6:DQG6W6:IURP$YH6:WR$YH6:³/RDGLQJ 8QORDGLQJ2QO\0LQXWH/LPLW´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³FRPPHUFLDO´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