HomeMy WebLinkAboutMinutes_Special Meeting_05/15/1978•
MINUTES OF THE SPECIAL MEETING OF THE COUNCIL
THE VILLAGE OF TEQUESTA, FLORIDA
May 15, 197
A Special Meeting of the Council of the Village of Tequesta,
Florida, was held on Monday, May 15, 197$ at 7:30 P.M. in the
Village Administrative Off ice, 357 Tequesta Drive, Tequesta
Florida. Present were Brown, Cook, Mapes, Ryan and Yoder.
Also present were Robert Harp, Village Manager, Cyrese Colbert,
Village Clerk and John C. Randolph, Village Attorney.
The Special Council Meeting was called for the purpose
of consideration of and acting upon a firm proposal from
William R. Hough 8c Co. for pre refunding of the existing
outstanding Water Revenue Debt.
Mr. Joe B. Wise, William R. Hough & Co., told Council
that the I.R.S. has agreed to give the Village of Tequesta
a Special Hearing. Mr. Blackwell, Attorney, was present
at the meeting and Mr. Wise in~'ormed Council that Mr. Blackwell
• would be representing William R. Hough & Co.
Mr. Wise also informed Council that we should have an
I.R.S. ruling by July 1, 197$.
Council reviewed with the Village Attorney and Mr. Wise
and Mr. Blackwell the "Water Revenue Bonds, Series 197$,
Refunding Presentation, May 15, 197" and the "Contract of
Purchase".
After a lengthy discussion Mapes moved, "to approve the
proposal and Contract of Purchase submitted by William R. Hough
& Co. and the Village of Tequesta and to authorize the Village
Mayor and other appropriate Village Off i.cials to execute the
contract as of this 15 day of May, 197$". Ryan seconded and vote was:
Brown -for
Cook -for
Mapes -for
Ryan -for
Yoder -for
and therefore the motion was passed and adopted.
The meeting was adjourned at 9:00 P.M;
~,~~
~~.
Cyr se Colbert