10-28-1991 Council Packet - Laserfiche WebLink

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■t- y. si/-: !iH>- I- r-f'- !^*v. $:trv-.. M-o-‘t'mw;/ .'■’^**;V' ••V ..t. >r'! \-' ■ ,V,T . If,.V:- t r-» *, . ••’.wv. !li'i4i- HINOTBS OP THE MEETING OP THE HOUSING AND REDEVELOPMENT AUTHORITY OP ORONO HELD ON OCTOBER 14, 1991 ROLL The HRA Committee met on the above date with the following members present: Chairperson Gabriel Jabbour, Barbara Peterson, J. Diann Goetten, Edward Callahan, Charles Kelley, Ron Moorse and Tom Barrett. Chairperson Jabbour called the meeting to order at 7:22 p.m. Chairperson Jabbour noted the reason for the meeting was to call for the sale of the bonds regarding the City facilities. He noted a resolution has been drafted by the Bond Counsel, which asked that proposals f<'r bonds be returned by November 12, 1991. Callahan noted that the repayment schedule on the bottom of the resolution calls for interest-only payments until 1994, final bond payment to be made in the year 2008, and a recall provision set at 8 years. Goetten noted that if passed, they will need to see a final draft of the resolution with all appropriate blanks filled in. Chairperson Jabbour noted that on November 12th the City will receive the bids from various agencies. The HRA will meet at 6:30 p.m. on November 12, 1991 to accept or reiect the bids. Carolyn Drude, Financial Consultant, noted that the choices at that time are to accept the bid offering at the lowest net interest cost, or reject all of the bids. Callahan reiterated that notice of this will be published in the official newspaper. It was moved by Callahan, seconded by Jabbour, to adopt Resolution #91-1, calling for the sale of bonds to finance the new City Hall facilities. Passed unanimously. Chairperson Jabbour adjourned the meeting at 7:27 p.m. Gabriel Jabbour, Chair ATTEST: Charles Kelley, Secretary i£uala|(a