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Municipal Building Authority approves minutes and authorizes IRS Form 8038-CP filing
Summary
On March 26, 2025, the Board of Directors of the Municipal Building Authority approved minutes from Dec. 18, 2024, authorized signing IRS Form 8038-CP (return for credit payments to issuers of qualified bonds), heard no public comment and adjourned.
The Board of Directors of the Municipal Building Authority met March 26, 2025, approved minutes from Dec. 18, 2024, and authorized staff to sign IRS Form 8038-CP, a tax return used to report credit payments to issuers of qualified bonds. An unidentified presiding speaker called the meeting to order at 2:05 p.m.
The board took its first formal action on a motion to approve the minutes of the Dec. 18, 2024 meeting. A motion and a second were recorded; three members responded “Aye” when the presiding speaker called for the vote. The presiding speaker stated, “Okay, that passes.”
The board then considered a motion to “approve and authorize the signing of Form 8038-CP, return for credit payments to issuer of qualified bonds.” Again, a motion and second were recorded and three members responded “Aye.” The presiding speaker confirmed the motion passed. The transcript identifies the form as Form 8038-CP; the meeting record does not specify who moved or seconded either motion.
Before adjourning, the presiding speaker asked whether any member of the public wished to address the Municipal Building Authority; no speakers came forward. A motion to adjourn was moved and seconded; three members responded “Aye,” and the presiding speaker declared, “We are adjourned.”
Recorded actions in this meeting were routine approvals and an authorization to file IRS Form 8038-CP related to qualified bond credits. The meeting record does not include staff reports, public testimony, or additional debate on the matters voted on.
