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Portsmouth council goes into closed session to discuss public‑funds investment related to Southeastern Public Service Authority
Summary
The council voted unanimously to enter a closed meeting under Virginia Code subsection 2.2‑3711(A)(6) to discuss investment of public funds specifically concerning the Southeastern Public Service Authority; the motion was moved by Vice Mayor Moody and seconded by another council member.
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At the end of the work session, Vice Mayor Moody moved and a council member seconded a motion under Virginia Code subsection 2.2‑3711(A)(6) to convene a closed meeting to discuss the investment of public funds where bargaining or competition is involved and where public disclosure would adversely affect the city’s financial interests, specifically regarding the Southeastern Public Service Authority.
The clerk called the roll; the recorded responses on the motion were affirmative and the chair adjourned the public work session and scheduled reconvening in the chamber at 7:00 p.m.
What happened: The council's vote to go into closed session was approved on a roll call; no substantive public details of the closed discussion were disclosed at the public meeting.
Quote: In making the motion, the vice mayor invoked the Virginia code provision the council used to enter closed session and identified the Southeastern Public Service Authority as the subject area.

