HomeMy WebLinkAboutMINUTES Estes Park Building Authority 1998-01-26RECORD OF PROCEEDINGS
Estes Park Building Authority
January 26,1998
Attending:Jim Banker,Dr.Jim Durward,Peggy Lynch,
Monte Vavra,Rich Widmer
Absent:Gary Kiaphake,Town Administrator
President Widmer called the meeting to order at 8:20 A.M.
Minutes of the January 27,1997,meeting were reviewed.It was
moved,seconded (Banker/Lynch),and unanimously approved to accept
the minutes as presented.
It was moved,seconded (Banker/Durward),and unanimously approved
to appoint Peggy Lynch and Monte Vavra to three-year terms from
1998 to 2001 as ratified by the Town of Estes Park Board of
Trustees.
It was moved,seconded (Vavra/Banker),and unanimously approved to
retain the 1997 slate of officers for 1998 as follows:
Richard Widmer -President
Peggy Lynch —Vice-President
Monte Vavra —Secretary/Treasurer
Secretary/Treasurer Vavra presented and briefly discussed the 1997
financial statements.It was moved,seconded (Banker/Lynch),and
unanimously approved to accept the reports as presented.
Secretary/Treasurer Vavra presented the proposed 1998 Budget for
the Reserve and Debt Service Funds.It was moved,seconded
(Banker/Lynch),and unanimously approved to adopt the 1998 Budget
as presented.
Other Business:
A.Secretary/Treasurer Vavra informed the Building Authority
Board that it may be advantageous to refund the COP issue.
Secretary/Treasurer Vavra is working with a financial manager
to determine if the market is favorable for a public sale or
private placement with a local financial institution.
Secretary/Treasurer Vavra will inform the Board and call any
meetings as necessary to complete the refunding process.
3.Jim Banker requested that a copy of the wire transfer to the
trustee bank be included in the future annual packets.
There being no further business,the meeting was adjourned at
9:01 A.N.moved by Durward,seconded by Lynch.
•__________________
Mont?/t.Vavra,Secretary/Treasurer