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I�J <br />C <br />• <br />ORONO CITY ( <br />Monday, DE <br />7:00 o <br />PUBLIC HEARING — 7:00 P.M. <br />OF THE <br />INCIL MEETING <br />fiber 11, 2006 <br />ck p.m. <br />7. APPROVE THE ISSUANCE AND SALE OF SENIOR HOUSING REFUNDING <br />REVENUE BONDS ( ORONO WOODS APARTMENT PROJECT), SERIES 2006 AND <br />AUTHORIZE EXECUTION AND DELIVERY' OF RELATED DOCUMENTS - RESOLUTION <br />NO. 5550 <br />Mayor Peterson opened the public hearing at 7:25 p.m., noting that Mr. Frank Dunbar was in attendance <br />at the meeting. <br />Moorse stated this matter is in relation to the Orono Woods senior housing complex. The Volunteers of <br />America are proposing a Housing Program Amendment relating to a proposed refinancing of the senior <br />housing facility. Moorse noted the City would not Iincur any liability associated with the issuance and <br />sale of the senior housing refunding revenue bonds. <br />There were no public comments regarding this <br />Mayor Peterson closed the public hearing at 7:27 l.m. <br />White moved, Peterson seconded, to adopt RE <br />issuance and sale of senior housing refunding i <br />series 2006 and authorizing execution and deli <br />VOTE: Ayes 5, Nays 0. <br />PUBLIC HEARING — 7:15 P.M. <br />8. OFF SALE LIQUOR LICENSE — <br />Rick Wood, Applicant, was present. <br />UTION NO. 5550, a Resolution approving the <br />iue bonds (Orono Woods Apartment Project), <br />of documents related thereto. <br />WOOD, 3421 SHORELINE DRIVE <br />Mayor Peterson opened the public hearing at 7:27 p.m. <br />Moorse stated this application is seeking approval of the transfer of the off sale liquor license for Navarre <br />Liquor located at 3421 Shoreline Drive. Mr. Wood is in the process of purchasing Navarre Liquor. The <br />police department has completed their background investigation with satisfactory results. Staff <br />recommends approval of the transfer. <br />Wood addressed the Council, noting that he has bden a business owner in Navarre for approximately 25 <br />years and that he is in the process of acquiring Na } arre Liquor. <br />There were no public continents relating to this application. <br />Mayor Peterson closed the public hearing at 7:29 P.M. <br />White moved, Peterson seconded, to approve the application of Wood Enterprises, Inc., represented <br />by Richard J. Wood, for an Oft' Sale Liquor license for Navarre Liquor at 3421 Shoreline Drive. <br />VOTE: Ayes 5, Nays 0. 1 <br />PAGE 3 of 17 <br />