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Votes at a glance: South Manville Development Authority approves Crowe audit engagement, POS distribution and minutes
Summary
At its meeting, the South Manville Development Authority unanimously approved an audit engagement with Crowe LLP, authorized distribution of the preliminary official statement for the Series 2024 tax-increment contract revenue bonds, approved meeting minutes and adjourned; transcript contains inconsistent attribution of one second.
The South Manville Development Authority recorded several unanimous procedural actions during its meeting, including approving an audit engagement with Crowe LLP and authorizing distribution of the preliminary official statement for Series 2024 tax-increment contract revenue bonds.
Key votes
- Approve auditing services agreement with Crowe LLP (Agenda item B). Motion made by Rosie and seconded by Nicole. Vote: unanimous, 4–0. The board discussed that the authority must have a separate audit because it issued a bond last year and that Crowe handles the city audit to avoid duplicate work on the authority portion.
- Approve the preliminary official statement and authorize distribution (Agenda item C). Motion made by the chair and seconded by Rosie. Vote: unanimous, 4–0. The board authorized the underwriter (identified in the meeting as FMS Bonds) to post and distribute the POS; a target closing date of Dec. 11 was presented.
- Approve meeting minutes. Motion made by Rosie and seconded (spoken) by Kathleen Olesen; the chair announced the second as coming from an absent member (Miss Melody). Vote: unanimous, 4–0. The spoken record therefore shows an inconsistent attribution: the vocal second appears to come from Kathleen Olesen while the chair announced the second as Miss Melody.
- Adjournment. Motion by the chair; the motion was seconded and the meeting adjourned. Vote: unanimous, 4–0.
All recorded votes in the transcript were unanimous with four voting members in favor and one member absent. The transcript does not record any votes against or abstentions.
