Monday, August 15, 2005 | There was a big announcement buried among the theatrics of last Tuesday’s City Council meeting: In a closed session, the council endorsed City Attorney Mike Aguirre’s legal action to roll back what he calls illegal benefits.
The City Council also gave formal support to Aguirre’s efforts to become the legal counsel for the pension board – a move that will first be addressed by courts in a hearing Aug. 23.
The City Council did, however, only agree to join Aguirre if he modified the suits and dropped his request that specific individuals face financial penalties for their alleged contribution to the city’s pension problem.
Nevertheless, the support means that for all their expressed embarrassment and criticism of Aguirre’s actions, members of the City Council have now signed on to two of his most controversial actions.
It was big news.
And it may not be welcome news to the city’s audit committee, which is led by the former chairman of the Securities and Exchange Commission, Arthur Levitt.