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Minutes of a Special Meeting of the

Mt. Lebanon Parking Authority Board

November 22, 2010

Mt. Lebanon Parking Authority Office

788 Washington Road

Mt. Lebanon, PA 15228

 

 

Present at the meeting were Board Members, Rich Ballon, Geoff Hurd, Joe Senko,  Executive Director Sahar, Facilities Manager Quealy, Liaison Morrison and Solicitor Wayne DeLuca (by phone).

 

1)      Mr. Ballon called the meeting to order at 6:00pm.

 

2)      Roll call was taken and the above listed Board Members were present.

 

3)      Consideration of Loan Agreement.  Mr. Senko made a motion to approve the Loan Agreement among Mt. Lebanon, Pennsylvania and Mt. Lebanon Parking Authority at an interest rate not to exceed .25% higher than the current quote.  Mr. Hurd seconded the motion.  Questions were answered regarding the amount, the term, the interest rate, the reporting requirements and the addition of section 5.03(b),Termination of Authority.  The motion passed unanimously. 

 

4)      Mr. Hurd made a motion to adjourn the meeting.  Mr. Senko seconded the motion.  The motion passed unanimously.  The meeting adjourned at 6:14pm.

 

           

 

Respectfully submitted,

Dawn Morrison

Liaison