Town Commissioners Minutes — 2018-09-11
Minutes September 11, 2018 · 2 page(s) in the original
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QUEENSTOWN COMMISSIONERS
Special Meeting September 11,2018 PRESENT: President Thomas B. Willis, Jr.; CommissionerHogie Schuster; Commissioner Al Hardee; Attorney Brynja Booth, and Amy Moore, Town Manager/Clerk-Treasurer President Willis called the Special meeting to order at 10:04 a.m.
Ms. Booth advised for the record that Bob Rauch, Town Attorney, had submitted a grantlloan application for a new water tower and infrastructure replacement to USDA. They have approved the application and have offered funding at $1,828,000 in loan and $1,358,000 in grants.
USDA has deadlines to meet and is requesting that the loan documents be signed by the end of the week. The Town is not obligated to accept the funding should they decide not to proceed with the project.
Ms. Booth advised the Town can lilcelynegotiate with developers to cover the loan portion. The Town can also apply for grant opportunities from MDE. The Town can de-obligate the funds at any time prior to starting the project.
Commissioner Schuster motioned to authorize Thomas B. Willis, Jr., President, to sign the Request for Obligation ofFunds. Motion seconded by Commissioner Hardee. Vote: 3-aye, 0-nay Commissioner Schuster motioned to authorize Thomas B. Willis, Jr., President, to sign the Letter ofIntent to Meet Conditions. Motion seconded by Commissioner Hardee. Vote: 3-aye, 0-nay Commissioner Schuster motioned to authorize Thomas B. Willis, Jr., President, to sign the Water
Grant Agreement with RUS. Motion seconded by Commissioner Hardee. Vote: 3-aye, 0-nay Commissioner Schuster motioned to authorize Thomas B. Willis, Jr., President, to sign the Loan Resolution. Motion seconded by Commissioner Hardee. Vote: 3-aye, 0-nay Ms. Booth will FedEx the documents to Ms. Terry Fearins at USDA and provide us with copies.
In addition to executing the documents, the Commissioner discussed:
• Options for developers to help repay the loan
• The need for interim financing
Future rate study may be required Wheatlands Mr. Waterman considering mixed use. He will attend next Commissioners — meeting to discuss matter further. Ideas the Commissioners considered are 1) a tax abatement to attract commercial developers, 2) explore the possibility ofindustrial use on property, and 3) need for an HOA ifany residential is developed.
There being no ffirther business at this time, President Willis motioned to adjourn the meeting at 10:52 an. Motion seconded by Commissioner Schuster. Vote: 3-aye, 0-nay Respectfully submitted, Amy W. ore Town Manager/Clerk-Treasurer