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 - Mar 2, 2020
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x :KHQLWHP)UHWXUQVUHTXHVWHGWRKDYHLWHPL]HGGHVFULSWLRQVRIWKHZRUNLQJ EHLQJGRQHDGGHG x 5HTXHVWLQJWKHUHEHDSODQSDUWLFXODUO\DURXQGWKHXVHRIRXUILUVWUHVSRQGHUV DERXWKRZZHDUHJRLQJWRUHVSRQGWRPLQLPL]HORVVRIZRUNHUV x &ODULILFDWLRQRIWKHPRWLRQWRFDOOWKHTXHVWLRQDVRXWOLQHGLQWKH&RXQFLOUXOHV 5XOH6HF, PRGLILHGIURPWKHWUDGLWLRQDOYHUVLRQXVHGE\5REHUW x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