Council approves debt purchase and note satisfaction agreement with First State Bank after closed session
After entering a closed session under OMA 15.268, the council approved the Village Attorney's opinion and agreed to a Debt Purchase and Note Satisfaction Agreement with First State Bank by unanimous vote.
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The council entered closed session under the Open Meetings Act, citing OMA 15.268 for permissible purposes related to material exempt from disclosure. After returning to open session, President Pro Tem Jackson moved, with support from Trustee Mead Jr., to accept the Village Attorney's opinion and approve the Debt Purchase and Note Satisfaction Agreement with First State Bank; the motion carried on a unanimous roll-call vote, 6-0.
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