HomeMy WebLinkAboutMinutes - Municipal Property Corporation Board - 2/19/1996 I
MINUTES
ORO VALLEY MUNICIPAL PROPERTY CORPORATION
MEETING
FEBRUARY 16, 1996
TOWN COUNCIL CHAMBERS
11,000 N. LA CANADA DRIVE
CALL TO ORDER: 1:05 P.M.
PRESENT: Wendell Cheek, President
Leslie Olson, Treasurer
Frank Butrico, Secretary
STAFF PRESENT: Tobin Sidles, Town Attorney
Chuck Sweet, Town Manager
David Andrews, Finance Director
Larry Robertson, Outside Water Counsel
Scott Ruby, Bond Counsel
Mark Reider, Financial Advisor
RESOLUTION NO.(R)MPC96-02-AUTHORIZING THE EXECUTION AND DELIVERY
OF AN ASSET PURCHASE AGREEMENT BETWEEN THE TOWN OF ORO VALLEY
MUNICIPAL PROPERTY CORPORATION AND THE RANCHO VISTOSO WATER
COMPANY SUBJECT TO A BUYER'S RIGHT OF VERIFICATION; AND DECLARING
AN EMERGENCY
Town Clerk Kathryn Cuvelier read the caption to Resolution No. (R)MPC96-02 for the record.
Scott Ruby, Bond Attorney, with Gust Rosenfeld explained the purpose of the resolution.
Mark Rieder, Financial Advisory with Peacock, Hislop, Staley & Given reviewed the financing
time schedule.
Treasurer Leslie Olson MOVED to APPROVE Resolution No. (R)MPC96-01. MOTION
SECONDED by Secretary Frank Butrico. MOTION UNANIMOUSLY carried 3 - 0.
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ADJOURNMENT
Meeting adjourned at 1:15 p.m.
Respectfully submitted,
Kathryn Cuvelier, CMC
Town Clerk