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MINUTES OF THE MEETING <br /> OF THE HOUSING AND REDEVELOPMENT AUTHORITY OF ORONO <br /> HELD ON OCTOBER 14, 1991 <br /> ROLL <br /> The HRA Committee met on the above date with the following <br /> members present: Chairperson Gabriel Jabbour, Barbara Peterson, <br /> J. Diann Goetten, Edward Callahan, Charles Kelley, Ron Moorse and <br /> Tom Barrett. Chairperson Jabbour called the meeting to order at <br /> 7: 22 p.m. <br /> Chairperson Jabbour noted the reason for the meeting was to call <br /> for the sale of the bonds regarding the City facilities. He <br /> noted a resolution has been drafted by the Bond Counsel , which <br /> asked that proposals for bonds be returned by November 12, I991. <br /> Callahan noted that the repayment schedule on the bottom of the <br /> resolution calls for interest-only payments until 1994, final <br /> bond payment to be made in the year 2��8, and a recall provision <br /> set at 8 years. <br /> Goetten noted that if passed, they will need to see a final draft <br /> of the resolution with all appropriate blanks filled in. <br /> Chairperson Jabbour noted that on November 12th the City will <br /> receive the bids from various agencies. The HRA will meet at <br /> 6: 30 p.m. on November 12, 1991 to accept or reject the bids. <br /> Carolyn Drude, Financial Consultant, noted that the choices at <br /> that time are to accept the bid offering at the lowest net <br /> interest cost, or reject all of the bids. <br /> Callahan reiterated that notice of this will be published in the <br /> official newspaper. <br /> It was moved by Callahan , seconded by Jabbour , to adopt <br /> Resolution #91 -1 , calling for the sale of bonds to finance the <br /> new City Hall facilities. Passed unanimously. <br /> Chairperson Jabbour adjourned the meeting at 7: 27 p.m. <br /> � �� <br /> c\\\� _ � <br /> � �� <br /> Gabri 1 Jabbour, Ch a�r <br /> ATTEST: <br /> ', <br /> � <br /> arles Ke e , Secr ary <br /> , <br />