HomeMy WebLinkAbout1995-10-03 WUCFD MINUTES DISTRICT BOARD OF THE
WATER UTILITIES COMMUNITY FACILITIES DISTRICT
CITY OF APACHE JUNCTION, ARIZONA
OCTOBER 3, 1995 - 6:45 P.M.
MEETING MINUTES
BOARD OF DIRECTORS ROLL CALL: Others Present:
Chairperson Douglas Coleman Bill Farrell , District Attorney
Vice Chairperson Patricia Richmond Curtis Shook, District Manager
Mrs. Robin Barker Kathy Connelly, District Clerk
Mr. Joe Durbala George Hoffman, Asst. City Manager
Mrs. Grace Hagner Doug Dobson, Public Works Director
Mr. Keith Hendricks
Mrs. Anne Surra
1. Call to order.
2. Roll call .
3. Approval of Resolution No. 1995-003, Clarifying Number of Signatures
Required; Ratifying Loan Agreement with First Interstate Bank; and Authorizing
Pledge of Revenue.
District Attorney Bill Farrell briefed the Board on Resolution No. 1995-003,
Clarifying Number of Signatures Required; Ratifying Loan Agreement with First
Interstate Bank: and Authorizing Pledge of Revenue. He stated that a previously
adopted resolution authorizing the Board Chairman, the District Manager, the
District Clerk and the District Counsel to sign documents caused the lender some
confusion and they wanted to know if all four people had to sign all documents.
He stated that in an effort to clarify that and be consistent with the District's
policy, Resolution No. 1995-003 clarifies that either the Chairman of the Board
or the District Manager may sign a document that would obligate the District and
that either one has the authority so long as their signatures are attested to by
the District Clerk and that the form in which they are signed has been approved
as to form by the District Counsel . He further stated that the resolution
clarifies the fact that if the District has any revenues after October 16, they
can pledge those revenues to repay the loan.
Mr. Durbala moved to approve Resolution No. 1995-003, Clarifying Number of
Signatures Required; Ratifying Loan Agreement with First Interstate Bank; and
Authorizing Pledge of Revenue. Mrs. Hagner seconded the motion. Motion passed
unanimously.
Adjournment at 6:52 p.m.
Water Utilities Community Facilities District
Meeting Minutes of October 3, 1995.
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Kathleen Connelly
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Water Utilities Community Facilities District
Meeting Minutes of October 3, 1995.
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