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2008-05-20 IDA minutes
IvJINUTESOF irJohnsonconvenedtheAnnualMeetinga7:50p.m.BoardMember MatarreseledthePledgeofAllegiance. ROLLCALL-Present:BoardMembersdeHaan,Gi f Matarrese, Tam,andChairJohnson-5. Absent:None. MINUTES esoftheAnnuaIndustrialDevelopmentAuthorityMeetof May15,2007. BoardMemberTammovedapprovalofthees. BoardMemberMatarresesecondedthemotion,whichcarriedby unansvoicevote-5. ORALCOMMUNICATIONS None. AUTHORITYCOMMUNICATION BoardMemberdeHaan .i redwhatis IndustrialDevelopmentAuthority. jurisct of t TheFinanceDirectorrespondedtheAuthoritywasformedfor issuanceofparticularsoffinancingopportunities;statedthe Autrityisnotusedveryoftenanymorebecausetherehasnotbeen at forpassthrfinancing. BoardMemberdeHaanstatedtheAuthorityhasnotbeenusedin years. TheFinanceDirectorstatedfinancinghasnotbeenissuedth theAuthorityforfifteenortwentyyears. BoardMemberdeHaan Stateleve red rfinanc isset at respondedcies Statelaw;stated behalfofanother ioninorderto financingfordevelopmentpurposes. area1todopass canbeissuedon haveaccesstotaxexempt AnnualMeeting IndustrialDevelopment Allt:hor: l~ay20,2008 BcardMemberdeHaanstatedthereappearstobesomeneedforuse. The nanceDirectorstatedthereis ysapctentaneed. ADJOURNMENT Therebeingnofurtherbusiness,CharJohnson AnnualMeetingat7:54p.m. ournedthe Respectfullysed, ~ LaraWeisige Secretary Theagendaforthsmeet Act. was inaccordancewiththeBrown C~C'~H"CUC Authority