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Housing Authority of New Canaan approves resolution to issue bonds for Waveny Care Center
Summary
After an executive session Dec. 11, the Housing Authority of New Canaan voted to approve a resolution authorizing the issuance of bonds for Waveny Care Center. The board approved the measure by voice vote; the transcript did not include bond amounts or terms.
The Housing Authority of New Canaan voted Dec. 11 to approve a resolution authorizing the issuance of bonds for Waveny Care Center.
President Scott Hobbs moved the proposal after the board returned from executive session; Commissioner Peggy Danneman seconded. A board member read the resolution aloud: “We’re proposing a motion to approve the resolution, as presented to the Housing Authority of New Canaan on December 11, to issue bonds for Waveny Care Center as described in that resolution.” The motion was approved by voice vote with all present responding “aye.”
The action followed an executive session immediately before the vote. The transcript does not record the dollar amount, maturity, underwriting, or other financial terms of the bonds; those details were not read into the public record in the provided transcript.
Board members did not specify an effective date, repayment source, or planned use of proceeds in the recorded discussion. The board also moved to adjourn after the vote.
The authority’s next procedural step and any public financial disclosures (for example, a bond resolution with terms or a notice of sale) were not included in the transcript.
