1/9/2012 - Summary

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PUBLIC FACILITIES AUTHORITY
January 9, 2012 Meeting
Minutes/Agenda Summary



I. Called meeting to order
Member Jerry Bowman, called the meeting to order at 2 p.m. and recognized a quorum of the PFA.

The following PFA members were in attendance: Ed Kroell, Richard Ward, Michael Gravitt, Paul Kreager, Jerry Bowman. PFA Attorney Ken Jarrard and bond lawyers Roger Murray and Garrett Churchill were also in attendance. In the gallery were Alyssa LaRenzie from the Forsyth County News and Nydia Tisdale.

II. A motion and second were made to approve the posted meeting agenda, with the following addition: Election of Officers. Motion approved unanimously.

III. A motion and second were made to approve conducting the meeting in the Large Conference Room. Motion approved unanimously.

AGENDA

IV. A motion and second were made to approve the minutes of the November 2, 2011 PFA meeting. Motion adopted unanimously.

V. Election of officers.

a. A motion and second were made to open nominations for Chairman. Motion approved unanimously.

A motion and second were made to nominate Jerry Bowman for Chairman.
Motion approved unanimously.

b. A motion and second were made to open nomination for Vice-Chairman. Motion approved unanimously.

A motion and second were made to nominate Michael Gravitt for Vice-Chairman. Motion approved unanimously.

c. A motion and second were made to open nominations for Secretary. Motion approved unanimously.

A motion and second were made to nominate Richard Ward for Secretary. Motion approved unanimously.


VI. DCA Registration PFA Attorney Ken Jarrard advised that the PFA had been registered with the Georgia Department of Community Affairs. No further action taken.

VII. General Discussion regarding PFA Funding Opportunities and Presentation by Attorney Roger Murray.

Roger Murray discussed bonding and financing options available to the Public Facilities Authority, and the negatives and positives of various financing tools. A discussion also occurred regarding whether the PFA should ensure that 3 competitive bids are obtained if certain financing instruments are used. A general discussion ensued on this topic but the consensus was that the PFA would make an ad hoc decision on a case by case basis regarding how many competitive bids to receive and that ultimately more than 3 such bids might be solicited depending on the circumstances.

The PFA Attorney advised that at the present time there are no projects for which PFA funding is being sought except for, perhaps, the Animal Shelter. However, there is nothing formal on the Animal Shelter at this time.

Vice Chairman Gravitt advised that he wanted to ensure that the Board of Commissioners was thoroughly aware of the PFA and fully understood this valuable financing tool was available to the Board.

No further action taken.

VIII. A general discussion ensured regarding whether to call another special meeting before the PFAs regular meeting on June 11, 2012. The consensus was that the Chairman could call a special meeting if needed. Otherwise, the PFA would convene next at their regular meeting on Monday, June 11, 2012 at 2 p.m.

IX. A motion and second were made to adjourn the meeting. Motion passed unanimously.


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Cumming GA 30040
FORSYTH COUNTY GOVERNMENTPhone: 770-781-2101
Fax: 770-781-2199