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1/23/1980
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1/23/1980
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7/23/2015 11:48:51 AM
Creation date
6/11/2015 11:19:25 AM
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Meetings
Meeting Type
Regular Meeting
Document Type
Minutes
Meeting Date
01/23/1980
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TO INCREASE THEIR BORROWING AUTHORITY -FROM 7% TO 9% SO HE CAN GET <br />A WAIVER FROM THE DEPARTMENT OF ADMINISTRATION. ATTORNEY"COLLINS <br />STATED THAT HE HAD PLANNED TO PRESENT THE ORDINANCE ON AN EMERGENCY <br />BASIS BECAUSE BIDS WERE GOING TO BE LET TODAY, BUT SINCE THE BIDS <br />ARE DELAYED FOR A MONTH, HE NOTED THAT THE BOARD COULD ELECT TO <br />FOLLOW OUR USUAL PROCEDURES. <br />COORDINATOR THOMAS EXPLAINED THAT SUCH AN ORDINANCE IS NOT <br />INDICATING THAT WE NECESSARILY ARE GOING TO PAY 9%; THEY MERELY WANT <br />A VEHICLE THAT WILL INCLUDE THIS PROVISION IF IT IS NEEDED. ATTORNEY <br />COLLINS CONFIRMED THAT THERE IS NOTHING UNUSUAL ABOUT THIS PARTICULAR <br />ISSUE. IT IS A NATIONAL SITUATION, AND WE ARE ANTICIPATING A SOLUTION <br />TO A POTENTIAL PROBLEM. <br />DISCUSSION ENSUED AS TO WHETHER FOLLOWING OUR NORMAL PRO- <br />CEDURES MIGHT NOT CAUSE PROBLEMS. COMMISSIONER LOY FELT IF WE DON'T <br />ADOPT THIS ORDINANCE ON AN EMERGENCY BASIS, IT WILL CREATE PROBLEMS <br />FOR OUR BOND COUNSEL AND SLOW THINGS DOWN, AND THE BOARD AGREED, <br />ON MOTION BY COMMISSIONER LYONS, SECONDED BY COMMISSIONER <br />LOY, THE BOARD UNANIMOUSLY DECLARED THAT AN EMERGENCY EXISTS IN <br />CONNECTION WITH THE FINANCING OF THE COUNTY ADMINISTRATION COMPLEX <br />RENOVATION BY THE ISSUANCE OF BONDS. <br />ON MOTION BY COMMISSIONER LYONS, SECONDED BY COMMISSIONER <br />LOY, THE BOARD UNANIMOUSLY ADOPTED EMERGENCY ORDINANCE 80-3 AMENDING <br />ORDINANCE 77-19; <br />JAN 2 31980 43 aooK 42 FacF 5�V <br />
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