HomeMy WebLinkAbout10-14-1991 HRA Minutes MINUTES OF THE MEETING
OF THE HOUSING AND REDEVELOPMENT AUTHORITY OF 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 for bonds be returned by November 12, I991.
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 2��8, 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 reject 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.
� ��
c\\\� _ �
� ��
Gabri 1 Jabbour, Ch a�r
ATTEST:
',
�
arles Ke e , Secr ary
,