HomeMy WebLinkAboutMinutes - Municipal Property Corporation Board - 5/21/2013 MINUTES
Town of Oro Valley
Municipal Property Corporation Special Meeting
Kachina Room
11000 N.La Canada Drive
Oro Valley,Arizona
Tuesday,May 21,2013
4:00 p.m.
Special Meeting-at or after 4:00 p.m.
Call to Order
President Russell called the meeting to order at 4:03 p.m.
Roll Call
Present: Kent Russell, President
Donald Taylor, Secretary
Thomas Vetrano,Treasurer
1. Approval of October 26,2011 Minutes
Motion by Treasurer Vetrano and seconded by Secretary Taylor to approve the
minutes of October 26,2011.
Vote:3-0 Carried
2. Resolution No.MPC 13-01-Authorizing the Defeasance and
Redemption of the Town of Oro Valley Municipal Property Corporation
Excise Tax Revenue Refunding Bonds,Series 2003;Authorizing the
Trustee to Defease and Redeem the Bonds;Authorizing the Execution
and Delivery of Documents Necessary to Defease the Bonds;and
Authorizing the Taking of all Other Actions Necessary to the
Consummation of the Transactions Contemplated by this Resolution
Discussion ensued amongst the Municipal Property Corporation members and
staff regarding item#2.
Motion by Treasurer Vetrano and seconded by Secretary Taylor to approve
Resolution No.MPC 13-01.
Vote:3-0 Carried
Adjournment
5/21/13 Minutes,Municipal Property Corporation 1
President Russell adjourned the meeting at 4:16 p.m.
4g 2
Michael Standis ,CMC
Town Clerk
5/21/13 Minutes,Municipal Property Corporation 2