Town of Shalimar
Bond Hearing Minutes
December 2, 2010
CALL TO
ORDER
– Mayor Gary Combs called the special meeting to order at 5:30
p.m. in Town Hall chambers. He led
the "Pledge of Allegiance" to the Flag.
ROLL CALL
FOR THE RECORD
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Mayor Gary Combs - present |
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Mayor Pro-Tem – vacant seat |
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Commissioner Jerry McCallister - present |
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Commissioner Ursel Behnken - present |
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Commissioner Glenn Wagner - absent |
Others in
attendance:
Town Manager Tom Burns, Deputy Town Clerk Sheila Hansen, Johann Behnken,
Mike Kent and Laura Wright, Richard Lott, and town residents that signed in for
the Special Town Commission meeting at 6:00 p.m.
OLD BUSINESS:
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I. |
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HOUSING BOND DISCUSSION –
Mike Kent explained that the purpose of the Public Housing ECH Bond
(Emerald Coast Housing – Wellington LLC Project) which is to take
advantage of the tax exempt rate by using the Town of Shalimar’s name.
Attorney Chesser stated that he felt that this would be an acceptable
bond issue for the Town of Shalimar.
Richard Lott read the title of the resolution – “Not to exceed $7,
500,000 Town of Shalimar, Multi-jurisdictional Multi-Family Housing
Revenue Bonds (Emerald Coast Housing – Wellington, LLC Project), Series
2011A and 2011B”.
There was no public comment.
Commissioner Behnken moved to proceed with ECH II - Wellington, LLC
project on the issuance of $7,500,000 low income revenue bonds.
The motion was seconded by Commissioner McCallister and passed
unanimously on the contingent that the Commission receive and read the
bond resolution within one week. |
ADJOURNMENT
-- Commissioner McCallister moved to
adjourn the meeting at 5:48 p.m. The
motion was seconded by Commissioner Behnken and passed unanimously.
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Sheila Hansen, Deputy Town Clerk