HomeMy WebLinkAboutMinutes_Special Meeting_05/05/1978•
MINUTES OF THE SPECIAL MEETING OF THE COUNCIL
THE VILLAGE OF TEG~UESTA, FLORIDA
MAY 5, 197$
A Special Meeting of the Council of the Village of Tequesta,
Florida, was held on Friday, May 5, 19?$ at 4.:00 P.M. in the
Village Hall. Present were Brown, Mapes, Ryan and Yoder. Cook
was out of town. Also present were Robert Harp, Village
Manager, Cyrese Colbert, Village Clerk and John C. Randolph,
Village Attorney.
Mayor Brown had called a Special Council Meeting for the
purpose of discussing and acting upon a firm proposal for
pre-refunding of the existing outstanding Water Revenue
Debt made by William R. Hough & Company represented by
Mr. Joe B. Wise.
Mr. Wise did not hive a proposal from his Company at this
time, but Mr. Wise instead reported on the IRS's ruling that
after May 16, 197$ it would deny a tax-exempt status to bonds
being refunded through invested Sinking Funds. Council
• discussed this briefly and agreed that at the May 9, 197
Council Meeting they would set up a Special Council Meeting,
if need be, to discuss a proposal from William R. Ho~zgh & Co.
The meeting was adjourned at 4.•50 P.M.
Cy e se Colbert
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