The Morning Report
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The San Diego City Council will meet on Thursday morning to discuss the city’s negotiations with the Securities and Exchange Commission.
The SEC has been investigating the city and its officials since 2004 after errors and omissions were discovered on the city’s financial reports. Since last summer, the city has been trying to settle the case.
Betsy Kinsley, Council President Scott Peters’ chief of staff, said the City Attorney’s Office requested this morning that the council meet this week.
The description of Thursday’s special closed-door meeting is similar to the agenda for the Sept. 14 meeting, when the council met with City Attorney Mike Aguirre and outside lawyer John Hartigan to discuss the negotiations, although it comes on the heels of published reports that say the city officials were traveling to Washington, D.C. today to meet with the SEC.
However, Mayor Jerry Sanders’ Office sent out a statement moments ago that said he was keeping his regular schedule in town today.
Sanders would also not comment on the pending SEC negotiations, the press release stated.
“The SEC’s staff has requested complete confidentiality in these discussions; it would be counter-productive to the City’s interest not to honor this request,” the press release said.
Stay tuned for more on this story.