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HomeMy WebLinkAboutMunicipal Property Corporation - Annual Reports AGENDA Town of Oro Valley Municipal Property Corporation Annual Meeting Kachina Room 11 ,000 N. La Canada Drive Oro Valley, Arizona Monday, October 27, 2008 4:30 p.m. Annual Meeting at or after 4:30 p.m. Call to Order Roll Call 1 . Open Meeting Law/Conflict of Interest Refresher by Town Attorney Tobin Rosen 2. Approval of March 14, 2007 minutes 3. Annual election of Board of Directors Adjournment The Town of Oro Valley complies with the Americans with Disabilities Act (ADA). If any person with a disability needs any type of accommodation, please notify the Town Clerk's Office at least 5 days prior to the meeting at 229-4700. Posted: 10/22/08 2:30 p.m. cp DRAFT MINUTES OF THE ORO VALLEY MUNICIPAL PROPERTY CORPORATION SPECIAL MEETING MARCH 14,2007,2:30 P.M. KACHINA CONFERENCE ROOM 11,000 N. LA CANADA DRIVE CALL TO ORDER: 2:30 p.m. PRESENT: C. Kent Russell, President Tom Vetrano, Secretary/Treasurer ALSO PRESENT: Stacey Lemos, Finance Director Kathryn Cuvelier, Town Clerk BY TELEPHONE: Keith Hoskins, Bond Counsel, Gust Rosenfeld Mark Reader, Financial Advisor, Stone & Youngberg Josh Ormiston, Stone & Youngberg APPROVAL OF FEBRUARY 28, 2007 MINUTES Tom Vetrano MOVED to approve the minutes of the February 28, 2007 MPC meeting, as pp submitted. MOTION SECONDED by Kent Russell. MOTION carried 2 - 0. ELECTION OF BOARD OF DIRECTORS Tom Vetrano nominated Kent Russell as President of the MPC. Nomination seconded by Kent Russell. Kent Russell nominated Tom Vetrano as Secretary/Treasurer of the MPC. Nomination seconded by Tom Vetrano. Kent Russell - President Tom Vetrano - Secretary/Treasurer Motion carried 2 - 0. RESOLUTION MPC NO. 07-01 APPROVING THE FORM OF AND AUTHORIZING THE EXECUTION AND DELIVERY OF THE FOURTH AMENDMENT TO THE LEASE-PURCHASE AGREEMENT AMONG THIS CORPORATION THE TOWN OF ORO VALLEY AND WELLS FARGO BANK, N.A.• APPROVING THE FORM AND AUTHORIZING THE EXECUTION OF THE FOURTH SUPPLEMENT TO THE INDENTURE BETWEEN THIS CORPORATION AND WELLS FARGO BANK, N.A.; AUTHORIZING THE ISSUANCE OF NOT TO EXCEED $22,000,000 THE TOWN OF ORO VALLEY MUNICIPAL PROPERTY CORPORATION EXCISE TAX REVENUE REFUNDING BONDS, SERIES 2007 BY THIS CORPORATION; APPROVING 03/14/07 Minutes,Oro Valley Municipal Property Corporation 2 THE FORM AND AUTHORIZING THE EXECUTION OF A PURCHASE CONTRACT WITH RESPECT TO THE SERIES 2007 BONDS; SETTING CONDITIONS AND PARAMETERS WITH RESPECT TO SUCH SALE; AUTHORIZING THE PREPARATION AND APPROVAL OF PRELIMINARY AND FINAL OFFICIAL STATEMENTS PERTAINING TO THE SERIES 2007 BONDS; AUTHORIZING THE TOWN MANAGER OF THE TOWN OF ORO VALLEY TO DEEM SUCH PRELIMINARY AND FINAL OFFICIAL STATEMENTS "FINAL"; AUTHORIZING THE APPOINTMENT OF A DEPOSITORY TRUSTEE; APPROVING THE FORM AND AUTHORIZING THE EXECUTION OF A DEPOSITORY TRUST AGREEMENT; AUTHORIZING MULTIPLE SERIES OF BONDS; AUTHORIZING THE TAKING OF ALL OTHER ACTIONS NECESSARY TO THE CONSUMMATION OF THE TRANSACTIONS CONTEMPLATED BY THIS RESOLUTION; AND DELEGATING CERTAIN DUTIES MOTION: Tom Vetrano MOVED to adopt Resolution MPC No. 07-01. MOTION seconded by Kent Russell. MOTION carried 2 - 0. ADJOURNMENT A MOTION was made by Tom Vetrano to adjourn the special meeting at 3:00 p.m. MOTION seconded by Kent Russell. MOTION carried 2—0. Prepared by: Kathryn E. Cuvelier, CMC Town Clerk