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ECONOMIC DEVELOPMENT CORPORATION
SEPTEMBER 3, 1985
A special meeting of the EDC was called to order by Chairman Tim Leahy at
6:50 p.m.
Present: Board Members: Tim Leahy
Berne Biteman
Tom Bailey
Officers: Steve DiJulio, Bond Counsel
Marie Jensen, Secretary of the Board
Bill Tonkin of Roberts and Shefelman, Bond Counsel
Dick Cushing, City Administrator
NORTHWEST ALUMINUM PRODUCTS, INC.
DiJulio noted that although the Corporation had passed a resolution previously
for Northwest Aluminum Products, there had been a delay in the closing, making
a new resolution necessary.
Bond Counsel has prepared Resolution 1985-27 approving the documents necessary
for the issuance and sale of $2,3001,000 in revenue bonds for Northwest
Aluminum Products, Inc. and authorizing the execution and delivery of the
documents and the bonds by the chairman and secretary of the City of Kent
Economic Development Corporation.
Tonkin noted that the resolution contained provision for a new trustee, First
Interstate Bank.
Biteman moved to adopt Resolution 1985-27. Bailey seconded, and the motion
carried.
ELDER/QUINN AND McGILL
DiJulio noted that the documents were not ready for action on this item, and
since they would not be ready by Thursday, the regular meeting for that date
could be cancelled. He noted that the Elder/Quinn and McGill application
could be considered at a special meeting on September 9, 1985 at 6:45 p.m. if
so desired by the Board.
The chairman of the Board declared the regular meeting of September 5, 1985
cancelled and called for the special meeting to be held on September 9 at
6:45 p.m.
The meeting was adjourned at 7:00 p.m.
Marie Jensen S =etaryo the Board
43C-IC