Loading...
11-29-1999SpecialMtg1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 (W� J MINUTES OF A SPECIAL MEETING OF THE HOUSING AUTHORITY OF THE CITY OF LAS CRUCES BOARD HELD ON November 29, 1999 The board meeting of the Housing Authority of the City of Las Cruces was held at 12:20 p.m. at 926 S. San Pedro, in the city of Las Cruces, state of New Mexico. 1. Roll Call The meeting was called to order by Frances F. Williams, Chairman MEMBERS: Rita J. Abitz, Commissioner Sylvia 1. Chacon, Commissioner ABSENT: James, M. Kadlecek, Vice Chairman Trevas Y. Ryan, Commissioner PRESENT: J. L. Wingard, Executive Director Samuel J. Aguirre, Attorney Caroline Velarde, Executive Secretary Resolution No. 678 — A Corporate Resolution Authorizing Limited Liability Company Activity Resolution No. 679 — A Resolution Authorizing Execution of Guaranty and Indemnity and Endorsement and Hypothecation of Property Mr. Aguirre explained Wells Fargo Bank requested that the Housing Authority use its resolution format and language to approve the resolutions. Resolution No. 678 will enable the construction to begin on the Montana Senior Village project and obtain a permanent loan with NMMFA. Resolution No. 679 authorizes the actual loan of $1.5 million dollars from Wells Fargo Bank to finance the construction of the Montana project. Chair Williams entertained a motion to approve resolutions 678 and 679 as presented. Moved by Commissioner Abitz. Seconded by Commissioner Chacon. All commissioners voted in favor and they carried the motion. 3. Adjournment Chairman Williams entertained a motion to adjourn at 12:50 p.m. SEAL .....,:. -.��'' -. T,,.. SUBMITTED BY, J. L: Director -1- APPROVED BY, Frances F. Williams, Chairman