HomeMy WebLinkAboutMinutes - Municipal Property Corporation Board - 5/11/2008 MINUTES OF THE
ORO VALLEY MUNICIPAL PROPERTY CORPORATION
SPECIAL MEETING
MAY 11,2009,4:00 PM
KACHINA CONFERENCE ROOM
11,000 N. LA CANADA DRIVE
CALL TO ORDER: 4:00 p.m.
PRESENT: C. Kent Russell, President
Tom Vetrano, Treasurer
Donald Taylor, Secretary
ALSO PRESENT: Stacey Lemos, Finance Director
Tobin Rosen, Town Attorney
Philip Saletta, Water Utility Director
Mark Reader, Financial Advisor, Young & Stoneberg
Keith Hoskins, Bond Counsel, Gust Rosenfeld
Kathryn Cuvelier, Town Clerk
1. APPROVAL OF OCTOBER 27, 2008 MINUTES
Tom Vetrano MOVED to approve the minutes of the October 27, 2008 meeting,
as submitted. MOTION SECONDED by Don Taylor. MOTION carried 3 - 0.
2. RESOLUTION NO. MPC 09-01 AUTHORIZING AND
PROVIDING FOR THE DEFEASANCE AND REDEMPTION
OF THE OUTSTANDING TOWN OF ORO VALLEY
MUNICIPAL PROPERTY CORPORATION EXCISE TAX
REVENUE BONDS, SERIES 1999; RATIFYING THE
ACTIONS OF ALL OFFICERS AND AGENTS OF THE
CORPORATION AND OTHERS WITH RESPECT TO THE
DEFEASANCE AND REDEMPTION
Tom Vetrano MOVED to approve Resolution MPC 09-01 authorizing Town staff
to take the appropriate steps necessary to defease the remaining outstanding bonds
from the Series 1999 MPC Excise Tax bonds that were originally issued to fund
construction of the Town Development Services Building and water system
improvements. MOTION SECONDED by Donald Taylor. Motion carried 3 - 0.
ADJOURNMENT
A MOTION was made by Tom Vetrano to adjourn the special meeting at 4:15
p.m. MOTION seconded by Donald Taylor. MOTION carried 3—0.
05/11/09 Minutes,Oro Valley Municipal Property Corporation 2
Prepared by:
F
Kathryn E. Cuvelier, CMC
Town Clerk