Gay council approves resolution to invest CD funds; town attorney says ordinances may be revised through readings

On July 23, 2024, the Town of Gay council convened a work session at 6:00 p.m. and unanimously approved a resolution authorizing the investment of CD funds into a money market account. Mayor Christopher J. Walker opened the session and confirmed a quorum.

The council discussed a draft resolution requested by an investment company to document the town's authorization to move CD funds. Council member Keith moved to approve the resolution and Council member Askvig seconded; the motion passed with a unanimous vote. The meeting record states the council had previously voted to transfer CD funds to a money market account and the resolution was requested for the investment company's background paperwork.

Town attorney Rob Morton reviewed a seven-page letter of recommendations he had prepared "based on his understanding of our documents, and on Georgia law," and the council examined each page and section. Morton answered questions from the mayor, council members and several members of the public present. Morton told the council that "it is totally acceptable to hold a public hearing and first and second readings even as we continue to work on and change the ordinances right up to signature." He framed that approach as legally permissible under Georgia law.

Council member Watts said she would incorporate Morton’s recommendations into the draft documents and deliver the revised materials to council, with a second work session planned before scheduling a public hearing and the ordinance introduction and first reading. The council set the next work session for August 8, 2024.

With no further business, Council member Askvig moved to adjourn; Council member Pritchett seconded and the meeting adjourned at 7:30 p.m. The minutes include signature lines for Mayor Christopher J. Walker and Clerk Sharon Richmond.