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‘Ice Cream Boat’ sunk by heavy currents at South Side Marina – Tribune

Updated 4 hours ago

Heavy currents sank and smashed a houseboat converted into a floating ice-cream shop this weekend, days before its owners anticipated a busy weekend at the Three Rivers Regatta.

The Sugar and Spice Ice Cream boat, an offshoot of the long-tenured Baldwin Borough ice cream shop owned by other members of the same family, was docked at the South Side Marina Saturday when fast currents dragged one side of the boat down and quickly sank it, said Kevin Heenan, who co-owned the boat and an ice-cream truck with his wife, Lori.

“We were there getting prepped for the Regatta,” Heenan said. “You could see it start to take on water and you just realized, you need to walk away now. Within not even a minute, (the current) just took it down.”

Heenan said his boat was among several sunk at the South Side Marina this weekend. Representatives of Fox Chapel Marine Sales and Service, which operates the Marina, could not say how much damage was done to the docks or the boats there.

As the boat sank, the current battered it against the docks, smashing up the cabin with its freezers, coolers and dipping cabinets, he said. The remains of the boat washed downstream and lodged against another part of the marina.

Heenan said the boat hadn’t even had a full season on the water, having struggled last summer to clear hurdles with the city and only operating for about a month. He’d managed to secure a berth along the North Shore during last year’s Regatta and was set to do it again this weekend, even catering a private event Friday afternoon.

“I guess they won’t have ice cream, or I’ll have to bring in the truck,” Heenan said. His insurance, he said, would reimburse him for some of the loss, but their estimates of the boat’s worth were based on its unconverted state.

For now, he and his wife planned to focus on the land-based side of the business, which purchases ice cream and shares the name with his brother’s shop on Route 51 but is operated as a separate company.

Weekend rainstorms raised river levels and caused flooding and flash floods all around the region. The riverwalks at Point State Park were closed Sunday, and post-flood cleanup closed both the Mon Wharf parking lots Downtown and Sandcastle Water Park in West Homestead Monday.

Matthew Santoni is a Tribune-Review staff writer. Reach him at 724 836 6660, msantoni@tribweb.com or on Twitter @msantoni.


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40% of Sea Ray Boats’ Workforce in Flagler Affected By Layoffs and …

It’s going to be a little less busy at Sea Ray Boats, one of Flagler County’s top employers. (© FlaglerLive)

The Brunswick Corporation confirmed today that 94 people were laid off at its Sea Ray-Palm Coast plant, and about 130 more “will be part of a temporary furlough to be conducted during the third quarter,” according to a company spokesman. Sea Ray, one of Flagler County’s top 10 employers, was employing 560 people before the layoffs, in well-paying manufacturing jobs.

No other Brunswick facility is affected by the reduction.

The company’s announcement of layoffs and furloughs at Sea Ray coincided with the release of its second-quarter results on Thursday, which reflected buoyant numbers and a bright outlook.

“These actions were to align our production levels with market demand in the 40’- 49’ segment of our business,” Dan Kubera, Brunswick’s spokesman, said, referring to the size of boats manufactured at Sea Ray’s plant off Colbert Lane, “while continuing to maintain our production capabilities in stronger segments of the business.”

“No specific boat models are being discontinued or moved to another production facility, production numbers are being eased to align production levels to market demand,” Kubera explained. “Furloughed employees will return to work as determined by production schedules. This will likely be later in the third quarter, and we are keeping our employees informed. We are not sharing the dates publicly.”

Lake Forest, Ill.-based Brunswick manufactures boats, boat engines, parts and accessories, fitness equipment, billiards and game-room equipment and furniture, the lot under numerous brands, Sea Ray being just one of them. The company struggled through the Great Recession but recovered strongly since, its stock trading at $56.50 per share today after falling to a low of just over $2 a share in 2010. It hit an all-time record of $63 two weeks ago.

The company posted a net sales of $1.35 billion, an 8.8 percent increase compared with the same period a year ago, with operating profits of $119 million, an increase of 4 percent compared with the second quarter in 2016.

Boat sales in particular had even stronger results. The company’s combined 15 boat brands had net sales of $412.1 million, a 12 percent increase over a year ago. International sales, which represented 27 percent of total boat sales in the quarter, increased by 11 percent. Boat sales netted the company operating profits of $24.7 million, up from $22.7 million in the second quarter of 2016.

“Our outlook for 2017 continues to be generally consistent with our three-year strategic plan and reflects another year of outstanding earnings growth, with excellent cash flow generation,” said Schwabero. “We believe we are well-positioned to generate strong sales and adjusted earnings per share growth in 2017 and beyond.

“We expect our marine businesses’ top-line performance will benefit from the continuation of solid growth in the U.S. and international markets and the success of our new products,” Brunswick Chairman and Chief Executive Officer Mark Schwabero was quoted as saying in a company release announcing second-quarter results, with predictions of 7 to 8 percent growth in 2017.

At Sea Ray, the company says it will help furloughed employees through the transition and help with placement of laid-off employees. “We take good care of our people and will continue to develop our employees and support those impacted by these adjustments,” Kubera said in an email. “For example, we will be conducting an outplacement fair to help these individuals transition to other employment. As for those on furlough, the company is offering a number of measure to help soften the impact upon those individuals.”

Though 40 percent of the workforce was affected by the layoffs and furloughs, the company expects the workforce to be back up to 83 percent of its former total once workers return from furlough.

Sea Ray’s manufacturing facility on 64 acres along Sea Ray Drive contributed $88,208 in total property taxes last year, the bulk of it to Flagler County government and the school district.

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40% of Sea Ray Boats’ Workforce in Flagler Affected By Layoffs and Furloughs

It’s going to be a little less busy at Sea Ray Boats, one of Flagler County’s top employers. (© FlaglerLive)

The Brunswick Corporation confirmed today that 94 people were laid off at its Sea Ray-Palm Coast plant, and about 130 more “will be part of a temporary furlough to be conducted during the third quarter,” according to a company spokesman. Sea Ray, one of Flagler County’s top 10 employers, was employing 560 people before the layoffs, in well-paying manufacturing jobs.

No other Brunswick facility is affected by the reduction.

The company’s announcement of layoffs and furloughs at Sea Ray coincided with the release of its second-quarter results on Thursday, which reflected buoyant numbers and a bright outlook.

“These actions were to align our production levels with market demand in the 40’- 49’ segment of our business,” Dan Kubera, Brunswick’s spokesman, said, referring to the size of boats manufactured at Sea Ray’s plant off Colbert Lane, “while continuing to maintain our production capabilities in stronger segments of the business.”

“No specific boat models are being discontinued or moved to another production facility, production numbers are being eased to align production levels to market demand,” Kubera explained. “Furloughed employees will return to work as determined by production schedules. This will likely be later in the third quarter, and we are keeping our employees informed. We are not sharing the dates publicly.”

Lake Forest, Ill.-based Brunswick manufactures boats, boat engines, parts and accessories, fitness equipment, billiards and game-room equipment and furniture, the lot under numerous brands, Sea Ray being just one of them. The company struggled through the Great Recession but recovered strongly since, its stock trading at $56.50 per share today after falling to a low of just over $2 a share in 2010. It hit an all-time record of $63 two weeks ago.

The company posted a net sales of $1.35 billion, an 8.8 percent increase compared with the same period a year ago, with operating profits of $119 million, an increase of 4 percent compared with the second quarter in 2016.

Boat sales in particular had even stronger results. The company’s combined 15 boat brands had net sales of $412.1 million, a 12 percent increase over a year ago. International sales, which represented 27 percent of total boat sales in the quarter, increased by 11 percent. Boat sales netted the company operating profits of $24.7 million, up from $22.7 million in the second quarter of 2016.

“Our outlook for 2017 continues to be generally consistent with our three-year strategic plan and reflects another year of outstanding earnings growth, with excellent cash flow generation,” said Schwabero. “We believe we are well-positioned to generate strong sales and adjusted earnings per share growth in 2017 and beyond.

“We expect our marine businesses’ top-line performance will benefit from the continuation of solid growth in the U.S. and international markets and the success of our new products,” Brunswick Chairman and Chief Executive Officer Mark Schwabero was quoted as saying in a company release announcing second-quarter results, with predictions of 7 to 8 percent growth in 2017.

At Sea Ray, the company says it will help furloughed employees through the transition and help with placement of laid-off employees. “We take good care of our people and will continue to develop our employees and support those impacted by these adjustments,” Kubera said in an email. “For example, we will be conducting an outplacement fair to help these individuals transition to other employment. As for those on furlough, the company is offering a number of measure to help soften the impact upon those individuals.”

Though 40 percent of the workforce was affected by the layoffs and furloughs, the company expects the workforce to be back up to 83 percent of its former total once workers return from furlough.

Sea Ray’s manufacturing facility on 64 acres along Sea Ray Drive contributed $88,208 in total property taxes last year, the bulk of it to Flagler County government and the school district.

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HMY Yacht Sales reports Q2 sales

Posted on July 28th, 2017

This 92-foot Viking was one of several sold by HMY Yacht Sales in the second quarter.

This 92-foot Viking was one of several sold by HMY Yacht Sales in the second quarter.

HMY Yacht Sales closed out its second quarter by reporting a 34-percent increase in brokerage sales over 2016.

While industry reports from Yachtworld showed a drop in boat sales in April and May across all brokerage firms, HMY posted double-digit increases both months while finally closing out June 2017 88 percent over June 2016.

“Our team is absolutely on fire right now,” said HMY sales director Tim Derrico in a statement. “The industry reports show a small drop in boat sales overall, but we aren’t seeing it. I think HMY is just getting a larger piece of the market share that is out there. Between our experienced sales and support team and the dominant marketing presence we have, we are attracting more buyers and sellers.”

The 115 brokerage yachts sold in the quarter for $104,164,708 included a variety of motor yachts, sportfishing yachts, trawlers, and center console boats.

“We really saw the Viking and custom sportfish market come alive this quarter,” said Derrico.

HMY has sales team members that have been in the industry for more than 20 years and specialize in specific boat types and manufacturers.


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Boat sales increased in 2016

Posted on July 28th, 2017

Estimated recreational boat sales increased 6.4 percent in 2016 to an eight-year high of 254,300 units.

High-volume outboard boats were up 6.1 percent, followed by personal watercraft, which were up 7.3 percent. Inboard ski and wakeboard boats showed an increase of 11.5 percent, and jet boats were up 8.7 percent.

Total recreational marine expenditures reached a high of $36 billion in 2016, a boost of 3.2 percent from 2015, according to new data released by the National Marine Manufacturers Association.

The increase reflects growth in spending on new and pre-owned boats and components, offset by a 4.6 percent decrease in spending on fuel and other maintenance costs.

Spending on new boats accounted for $9 billion of the total and was up 7.6 percent from 2015, the NMMA reported in the seventh and final section of its 2016 U.S. Recreational Boating Statistical Abstract, titled “Industry Sales by Category and State 2004-2016.”

The pre-owned market accounted for $9.2 billion of total expenditures, up two percent from 2015.

In terms of new boat expenditures, Florida led all states: boaters in Florida spent $2.5 billion on new powerboats, engines, trailers and aftermarket accessories in 2016. Texas, Michigan, Minnesota and North Carolina rounded out the top five, in that order.


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Why so many online camper and boat sales are scams

With school out for summer, this is the time of year many families go shopping for a boat, a camper or a truck to pull them.

But one man has a warning about the scammers who may target you as you start planning your family adventure.

Rick Rieman is an outdoorsy guy who decided to buy his family a camper this summer.

“I just got the bug,” he said.

He also wanted a used pickup truck to haul the camper.

“So we started searching online on Craigslist for locally owned pickup trucks big enough to haul an RV,” he said.

Why Craigslist is so popular

If you’re in the market for a boat, a camper or a truck, the easiest thing to do is go to a local dealer.

The problem is that prices are high mid-summer, which is why Craigslist and other sites are so appealing.

Owners who need a fast sale for financial reasons often list their camper or boat at fire-sale prices. But scammers know that, and prey on our desire for a deal.

So Rieman started contacting sellers on Craigslist offering campers and pickups.

“I found one for just $2,500,” he said. “For a pristine camper.”

But he quickly noticed a disturbing trend: the owner of that camper and several other bargain models were out of town, and couldn’t show him the item for sale.

The seller, saying he was in the military, sent him an email saying “for the next 7 days, I will be stationed at the Bismark, North Dakota Air Force base, making final preparations for deployment.”

The seller wanted him to wire money to hold the camper.

But Rieman soon got more suspicious. In other cases, he says, the bargain camper ad was posted by a widow, who needed a fast sale because her husband recently passed away.

“I was finding that either they have been deployed, or will be deployed, or they lost a spouse, and the memories are too bad. They need to get rid of it fast,” Rieman said.

The Better Business Bureau says this is the classic phony ad scam. Scammers copy legitimate ads, and repost at much lower prices.    

In the summer, they target travelers looking to buy campers and boats, the BBB says. In the spring, they typically target used-car buyers.

Warning signs of a scam

The Better Business Bureau warns to shoppers to watch for these red flags:

  • The price is unusually low for what you are looking at.
  • The seller is stationed out of town, is in the military, or is a missionary outside the U.S.
  • The seller recently lost her husband.
  • In every case, you can’t see the item in person.

They will always ask for a deposit, or even full payment, and will promise to ship it.

Others report finding these scams popping up on Facebook Marketplace, and new smartphone buying selling apps like Offer Up.

Rieman says in that case, run, don’t walk, before your summer camping dreams are ruined by a scam.

If you can’t see it in person, never send cash so you don’t waste your money.


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Boat Race Bash planned July 29 in Pasco – Tri

The Dick Danger’s annual Boat Race Bash is July 29 at TRAC in Pasco.

Three stages with hip hop, Latin and old school music will be set up, along with multiple food vendors and a full color laser show.

Alvarez Auto Sales is the main sponsor.

Tickets are $25 at the pre-sale party from noon to 7 p.m. July 28 at Alvarez Auto Sales or $30 the day of the show at TRAC.

Several DJs will be on hand, with live performances by Karma and Nobi and Diamond Cuffs.


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Brunswick reports 2Q results

Posted on July 27th, 2017

Brunswick Corp., increased revenue 8.8 percent in the second quarter, reflecting strong growth rates in all three primary boat categories, outboard engines and fitness, the company reported today.

The company reported net sales of $1.35 billion, up from $1.24 billion last year, and operating earnings of $168.6 million, which included $5.7 million of restructuring, exit and integration charges.

Sales increased 7.1 percent excluding the impact of acquisitions, and operating earnings increased by four percent on a GAAP basis. Adjusted operating earnings were up six percent.

Gross margins declined due to factors in the fitness segment, as well as the impacts from warranty adjustments and legal costs in the fiberglass sterndrive/inboard boat business. Margin performance in the engine segment “remained strong,” Brunswick chairman and CEO Mark Schwabero said.

“Our top line reflected strong growth rates in all three of our primary boat categories, and the outboard engine and fitness businesses,” Schwabero said in a statement.. “Additionally, our parts and accessories businesses contributed solid growth in the quarter.”

“Our performance in the second quarter reflected continued successful execution of our growth strategy, including our focus on product leadership,” Schwabero said. “Marine market data indicates a healthy U.S. marketplace, which is consistent with our assumptions entering the year. Overall demand in non-U.S. marine markets was also strong, led by gains in Europe and Canada as well as improving conditions in other regions.”

Diluted earnings per share of $1.32 increased by $0.15 compared to last year, and adjusted EPS was $1.35, a $0.16 increase.

Boat and engine segments

The engine group reported net sales of $766.2 million in the second quarter of 2017, up six percent from $719.7 million in the second quarter of 2016. International sales, which represented 28 percent of total segment sales in the quarter, were up 11 percent compared to the prior year period.

Sales increases in the quarter were led by the outboard engine business as well as solid growth from the parts and accessories businesses, which included revenue from an acquisition completed in the fourth quarter of 2016, partially offset by declines in the sterndrive engine business.

The boat group, comprised of 15 brands, reported net sales of $412.1 million for the second quarter of 2017, an increase of 12 percent compared with $368.1 million in the second quarter of 2016. International sales, which represented 27 percent of total segment sales in the quarter, increased by 11 percent compared to the prior year period.

2017 outlook

The company expects its marine businesses’ top-line performance will benefit from the continuation of solid growth in the U.S. and international markets and the success of new products, Schwabero said.

It is also narrowing its full-year expectations of diluted EPS to the $4.00 to $4.10 range.

“For the full-year, we anticipate a slight improvement in operating margins as we plan to continue benefiting from volume leverage and cost reductions related to efficiency initiatives,” Schwabero said in a statement.

“Gross margin trends over the second half are expected to improve, but will be down for the year,” he said. “Operating expenses are estimated to increase in 2017 as we continue to fund incremental investments to support growth, with second half increases slightly below the first half. However, on a percentage of sales basis, they are expected to be at lower levels than 2016.”


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Marine Products Corporation Reports Second Quarter 2017 Financial Results

ATLANTA, July 26, 2017 /PRNewswire/ — Marine Products Corporation (NYSE: MPX) announced its unaudited results for the quarter ended June 30, 2017.  Marine Products is a leading manufacturer of fiberglass boats under two brand names: Chaparral and Robalo. Chaparral’s sterndrive models include H2O Sport and Ski Fish Boats, SSi and SSX Sportboats, Sunesta Sportdecks and Signature Cruisers.  In addition, Chaparral manufactures SunCoast Sportdeck outboards, Vortex Jet Boats and the Surf Series of Chaparral SSi and SSX Sportboats and Sunesta Sportdecks.  Robalo builds outboard sport fishing boats which include center console, dual console, walkaround cabin and Cayman bay boat models.

For the quarter ended June 30, 2017, Marine Products generated net sales of $71,484,000, a 9.9 percent increase, compared to $65,066,000 in the same period of the prior year.  The increase in net sales was due to a 3.3 percent increase in unit sales and a 5.1 percent increase in the average selling price per boat.  During the quarter we generated higher unit sales in our Robalo sport fishing boats and our Chaparral H2O models.  Average selling prices increased during the quarter due to a favorable model mix within all of our model lines. 

Gross profit for the quarter was $16,287,000, an 18.0 percent increase compared to gross profit of $13,808,000 in the same period of the prior year.  Gross profit for the second quarter increased compared to the prior year due to higher net sales.  Gross margin was 22.8 percent in the second quarter of 2017, compared to 21.2 percent in 2016.  Gross margin improved during the second quarter of 2017 as compared to the prior year due to the increase in average selling prices as well as manufacturing efficiencies resulting from higher production.

Operating profit for the quarter was $8,722,000, an increase of 29.9 percent, compared to $6,712,000 in the second quarter of last year.  Selling, general and administrative expenses were $7,565,000 in the second quarter of 2017, an increase of 6.6 percent compared to the second quarter of 2016.  Selling, general and administrative expenses increased compared to the prior year due to expenses that increase with higher activity levels, as well as increased compensation expense consistent with improved profitability.  Selling, general and administrative expenses were 10.6 percent of net sales during the second quarter of 2017, a slight decrease compared to 10.9 percent of net sales during the same period of the prior year. 

Net income for the quarter ended June 30, 2017 was $6,119,000, an increase of $1,301,000 or 27.0 percent, compared to net income of $4,818,000 for the second quarter of 2016.  Diluted earnings per share were $0.18 in the second quarter of 2017, an increase of $0.05 per share compared to the second quarter of the prior year. Diluted earnings per share increased due to higher net income as well as a lower share count resulting from the Company’s open market share repurchases and partial tender offer conducted during the past year. 

Net sales for the six months ended June 30, 2017 were $142,524,000, an increase of 10.7 percent compared to the first six months of 2016.  Net income for the six-month period was $11,380,000 or $0.33 diluted earnings per share, compared to net income of $8,739,000, or $0.23 diluted earnings per share in the prior year. 

Richard A. Hubbell, Marine Products’ President and Chief Executive Officer stated, “Our second quarter 2017 financial results reflect the continuation of a strong 2017 retail selling season.  Our Robalo outboard sport fishing boats continued to sell well, especially the Robalo 302 and the Robalo 242.  We also generated strong sales volume within our Chaparral H2O outboards and our SSi and SSX Surf Series, both of which were new for 2017. 

At the end of the second quarter of 2017, our order backlog was slightly lower and dealer inventory levels were higher than at this time last year, as we and our dealers prepare for the remainder of the 2017 retail selling season,” concluded Hubbell. 

Marine Products Corporation will hold a conference call today, July 26, 2017 at 8:00 a.m. Eastern Time to discuss the results for the quarter.  Interested parties may listen in by accessing a live webcast in the investor relations section of Marine Products’ website at www.marineproductscorp.com.  The live conference call can also be accessed by calling (877) 548-7906 or (719) 457-2647 for international callers and using the conference ID #9113877.  A replay will be available in the investor relations section of Marine Products’ website beginning approximately two hours after the call. 

Marine Products Corporation (NYSE: MPX) designs, manufactures and distributes premium-branded Chaparral sterndrive, jet drive and outboard pleasure boats, and Robalo outboard sport fishing boats.  The Company continues to diversify its product lines through product innovation.  With premium brands, a solid capital structure, and a strong independent dealer network, Marine Products Corporation is prepared to capitalize on opportunities to increase its market share and to generate superior financial performance to build long-term shareholder value.  For more information on Marine Products Corporation visit our website at www.marineproductscorp.com.

Certain statements and information included in this press release constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include statements that look forward in time or express management’s beliefs, expectations or hopes.  In particular, such statements include, without limitation, our belief that we are prepared to capitalize on opportunities to increase our market share and generate superior financial performance to build long-term shareholder value.  These statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Marine Products Corporation to be materially different from any future results, performance or achievements expressed or implied in such forward-looking statements.  These risks include possible decreases in the level of consumer confidence and available funds impacting discretionary spending, increased interest rates and fuel prices, weather conditions, changes in consumer preferences, deterioration in the quality of Marine Products’ network of independent boat dealers or availability of financing of their inventory, and competition from other boat manufacturers and dealers.  Additional discussion of factors that could cause the actual results to differ materially from management’s projections, forecasts, estimates and expectations is contained in Marine Products’ Form 10-K, filed with the Securities and Exchange Commission for the year ending December 31, 2016.

 

 

View original content:http://www.prnewswire.com/news-releases/marine-products-corporation-reports-second-quarter-2017-financial-results-300493936.html

SOURCE Marine Products Corporation


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UPDATED: Half-cent sales tax formally adopted

The law allows the city of Worthington to collect on its half-cent sales tax up to $7.3 million, up from the original $6 million limit imposed when voters approved the tax in 2008.

Of the extra funds, $1.2 million will be used to pay off the Buss Field reconstruction project, and the remaining $100,000 will go toward new seating at Memorial Auditorium Performing Arts Center.

Andy Johnson, president of the Worthington Area Chamber of Commerce Board of Directors, spoke in favor of the extension, and nobody testified against it.

The council adopted the resolution, which will go into effect in 30 days after it’s first published in The Globe. In that time period, if a petition is signed by voters equal to 10 percent of the votes cast in the city in the last general election, a referendum vote will be triggered to either approve or shoot down the tax.

Also during Monday’s meeting, council members agreed to have the city pay a share for a new full-time Nobles County position of crime victim witness coordinator. The hiring could be done if the county is awarded a Crime Victim grant.

Nobles County Attorney Kathleen Kusz said the position would greatly enhance communication with crime victims.

“It would devote one person to organizing witnesses for cases and victims of city and county cases; one person to go to for information and assistance on their cases,” Kusz said. “If you have one person to go to, it really helps keep those people involved.”

If the county is given the entire $70,000 grant, the city would be asked to contribute a maximum of $4,375 toward the new position.

The council also accepted a donation from the Lake Okabena Improvement Association to place a new floating dock in Sunset Bay. The dock will be used by boaters to unload people, and is meant to improve the traffic flow at the busiest boat landing dock on the lake.

With the floating dock in place, boaters will not have to wait for the area to clear if there is a boat unloading at the boat landing.

In other news, the council:

  • Amended the budget to purchase an aerator and seeder for a total cost of $32,078.16. The equipment will be used primarily to maintain and repair Buss Field and other athletic facilities.

  • Entered the city into a new partnership contract with Minnesota Department of Transportation (MnDOT).

  • Added a new Engineering CAD/GIS Technician open position, as the city’s engineering department has a backlog that needs to be addressed.

  • Modified the salary grade of the city’s Engineering Technician position from $26.27 per hour to $27.37 per hour.
  • Approved changes to the Employee Advisory Committee bylaws to reduce the number of members from six to five, make the chairperson a voting member and change meetings to every other month rather than quarterly. The changes are subject to approval by the city attorney.  

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