HomeMy WebLinkAboutPCDC Minutes 04/01/1996MINUTES
OF A
PETALUMA COMMUNITY DEVELOPMENT COMMISSION
MEETING
MONDAY, APRIL 1, 1996
ROLL CALL:
Present: Stompe, Maguire, Shea, Vice Chairman Barlas, Chairman Hilligoss
Absent: Hamilton, Read
RESO. 96-05
OAKMONT - PETALUMA
Resolution 96-05 ratifying certain matters and actions relating to Reso. 96-04 authorizing
the issuance, sale and delivery of multi -family housing revenue bonds in an aggregate
principal amount not to exceed $4,750,000 for the purpose of making a loan to provide
financing for an assisted -living, multi -family rental housing project known as Oakmont at
Petaluma. The Finance Director, David Spilman, noted this action was before the
Petaluma Community Development Commission because the State Law wording needs
cleaning up. This ratifies previous action of the Commission and the Council and changes
State references, he said. Introduced by Matt Maguire, seconded by Vice Chairman
Barlas.
Ayes: Maguire, Stompe, Shea, Vice Chairman Barlas, Chairman Hilligoss
Noes: None
Absent: Hamilton, Read
ADJOURN 3:05 p.m.
r .
ATTEST: M. a ricia Ifilligoss, halrman
icia E. Bernard, Recording Secretary
PCDC Meeting April 1,1996 Page 1 of 1 page