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TOWN of FROMBERG

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Monday, July 24, 2017

Minutes For The Special Town Council Meeting

 

Mayor Anderson called this special meeting to order and opened with the Pledge of Allegiance. Town council members present: Jim Perkins, Lula Price, Tim Nottingham and Shirley Miller. Town Clerk Brenda Kansala was present. Town Attorney Hope Freeman and Chief of Police Ralph Dawson and PWD Mike Ventling were not present.

 

The purpose of this meeting is to consider Bond Resolutions.

 

Resolution #466 – A Resolution of the Town of Fromberg, Carbon County, Montana, relating to the refinancing of improvements to the Town's water system; authorizing the issuance and sale and defining the terms and the manner of payment of the Town's $481,000 water system refunding revenue bond

(DNRC drinking water revolving loan program) Series 2017; and creating special funds and accounts for the administraton of money derived therefrom: Mayor Anderson read the header of this resolution aloud and this resolution was explained. There were no questions or comments. Motion by Perkins and seconded by Price to accept Resolution #466 as presented. Approved unanimously.

 

Resolution #467 – Resolution relating to the issuance by the Town of Fromberg of its $343,000 water system revenue bonds (DNRC drinking water state revolving loan program), consisting of $171,800 subordinate lien taxable Series 2017A Bond and $171,800 Series 2017 B Bond; authorizing the issuance and fixing the terms and conditions thereof as a supplemental resolution to Resolution #466. Mayor Anderson read the header of this resolution aloud and this resolution was explained. There were no questions or comments. Motion by Price and seconded by Miller to accept Resolution #467 as presented.

Approved unanimously.

 

Resolution #468 – A Resolution directing the installation and the acquisition and construction of improvements to the wastewater system of the Town of Fromberg, Montana, authorizing and directing the issuance and sale of the Town's wastewater system revenue bond $912,000 Series 2017, to finance and pay for a portion of the costs of the foregoing, providing the terms of such bond and creating special funds and accounts and pledging certain revenues as the sole sources of security and payment for such bond.  Mayor Anderson read the header of this resolution aloud and this resolution was explained. There were no questions or comments. Motion by Miller and seconded by Perkins to accept Resolution #468 as presented. Approved unanimously.

 

Motion by Nottingham and seconded by Perkins to adjourn the meeting.  Approved unanimously. Meeting adjourned.