HomeMy WebLinkAboutMinutes - Municipal Property Corporation Board - 3/20/2001 MINUTES OF THE
ORO VALLEY MUNICIPAL PROPERTY CORPORATION
REGULAR SESSION
March 20, 2001
ORO VALLEY ADMINISTRATIVE CONFERENCE ROOM
11,000 N. LA CANADA DRIVE
CALL TO ORDER: 5:00 p.m.
PRESENT: Steve Lucas, President
Tom Vetrano, Treasurer
Bob Horn, Member
Also present: Paul Loomis, Mayor
Chuck Sweet, Town Manager
David Andrews, Finance Director
Alan Forrest, Water Utility Director
Jeff Weir, Economic Development Administrator
Brent Sinclair, Community Development Director
Mark Reader, Bond Underwriter, Peacock, Hislop, Staley& Given
Timothy Pickrell, Bond Counsel, Snell &Wilmer
Keith Hoskins, Bond Counsel, Gust &Rosenfeld
APPROVAL OF JANUARY 31, 2001 MINUTES
Tom Vetrano MOVED to approve the minutes of the January 31, 2001 meeting.
MOTION SECONDED by Bob Horn. MOTION carried 3 —0.
ELECTION OF OFFICERS —SECRETARY
A MOTION was made by Tom Vetrano to appoint Bob Horn as the Secretary to the
MPC. MOTION SECONDED by Bob Horn. MOTION carried 3 —0.
DESIGNATION OF THE FIRST TUESDAY IN OCTOBER OF 2001 (OCTOBER
2ND) AS THE MPC BOARD OF DIRECTORS ANNUAL MEETING FOR THE
YEAR 2001
It was MOVED by Tom Vetrano to designate the first Tuesday in October (October 2,
2001) as the MPC Board of Directors Annual meeting. MOTION SECONDED by Bob
Horn. MOTION carried 3 —0.
REVIEW AND POSSIBLE APPROVAL OF RESOLUTION NO. (R)01-01
ISSUANCE OF $15,000,000 OF EXCISE TAX REVENUE BONDS, SERIES 2001
Bob Horn MOVED to adopt Resolution No. (R)01-01. MOTION SECONDED by Tom
Vetrano. MOTION carried 3 —0.
03/20/01 Minutes, Oro Valley Municipal Property Corporation 2
DISCUSSION, CONSIDERATION AND POSSIBLE ACTION RELATING TO
PROPOSED SETTLEMENT OF PENDING LAWSUIT, PIMA COUNTY CAUSE
NO. 332525—ORO VALLEY MUNICIPAL PROPERTY CORPORATION AND
THE TOWN OF ORO VALLEY V. CANADA HILLS WATER CO. LTD.
PARTNERSHIP AND NOTRE DAME INVESTORS, INC.
It was MOVED by Tom Vetrano to CONTINUE INDEFINITELY, action relating to
Proposed Settlement of Pending Lawsuit, Pima County Cause No. 332525 —Oro Valley
Municipal Property Corporation and the Town of Oro Valley v. Canada Hills Water Co.
Ltd. Partnership and Notre Dame Investors, Inc. MOTION SECONDED by Bob Horn.
MOTION carried 3 —0.
ADJOURNMENT
A MOTION was made by Bob Horn and SECONDED by Tom Vetrano to adjourn the
regular session at 5:10 p.m. Motion carried 3 — 0.
Respectfully submitted,
eXJJ-jb`:
Kathryn Cuvelier, CMC
Town Clerk