01-31-1997 VC SP-MMINUTES OF SPECIAL SESSION
OF THE
VILLAGE COUNCIL OF NORTH PALM BEACH, FLORIDA
HELD THURSDAY, JANUARY 31, 1997
•
Present: V. A. Marks, M. D., Mayor
Tom Valente, Vice Mayor
Larry Kelley, President Pro Tem
Gail Vastola, Councilman
Charles O'Meilia, Councilman
Dennis W. Kelly, Village Manager
George W. Baldwin, Village Attorney
Kathleen F. Kelly, Village Clerk
ROLL CALL
Mayor Marks called the meeting to order at 8:00 a.m. All members of Council were
present. All members of staff were present.
RESOLUTION 8-97 ADOPTED -AUTHORIZING ISSUANCE OF A $6,560,000 NOTE
FOR CAPITAL PROJECTS
Councilman Vastola moved that Resolution 8-97 entitled:
i A RESOLUTION OF THE VILLAGE COUNCIL OF THE VILLAGE OF
NORTH PALM BEACH, FLORIDA; AUTHORIZING THE ISSUANCE OF A
NOTE OF THE VILLAGE IN THE PRINCIPAL AMOUNT OF $6,560,000 TO
FINANCE ACQUISITION, CONSTRUCTION, EQUIPPING AND
IMPROVING A PUBLIC SAFETY BUILDING, A COMMUNITY CENTER
AND A RECREATION BUILDING OF THE VILLAGE AND TO REFINANCE
AN EXISTING LOAN INCURRED TO MAKE IMPROVEMENTS TO THE
COUNTRY CLUB; PROVIDING THAT SUCH NOTE SHALL BE A LIMITED
OBLIGATION OF THE VILLAGE PAYABLE FROM FRANCHISE FEES
AND PUBLIC SERVICE TAXES OF THE VILLAGE; PROVIDING FOR THE
RIGHTS, SECURITIES, AND REMEDIES FOR THE OWNER OF SUCH
NOTE; MAKING CERTAIN COVENANTS AND AGREEMENTS IN
CONNECTION THEREWITH; AND PROVIDING AN EFFECTIVE DATE
be adopted. President Pro Tem Kelley seconded the motion, and all present voted aye.
ADJOURNMENT
There being no further business to come before the Council, the meeting adjourned at
8:45 a.m.
s
~~
athleen F. Kelly, CMC, Villages Jerk