Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Municipal Finance topic
No spam. Unsubscribe anytime.
Lake City Council unanimously adopts '2024 Peterbuilt Loan' resolution
Summary
In a called meeting on July 29, 2024, the Lake City Council voted 6-0 to adopt Resolution No. 2024-07-29, titled the 2024 Peterbuilt Loan; the resolution was read by title and immediately passed, and the council adjourned.
On July 29, 2024, the Lake City Council met in a called session at Lake City Hall and voted 6-0 to adopt Resolution No. 2024-07-29, identified in the minutes as the “2024 Peterbuilt Loan.” Councilmember Kasey Eakins moved to pass the resolution and Councilmember Jay Davis seconded; the motion carried with six votes in favor and none opposed.
The council first approved a motion by Councilmember Brenda Hutcheson, seconded by Councilmember Kate Wells, to read Resolution No. 2024-07-29 by title only; that motion passed by the same 6-0 tally. After the title-only reading, the council conducted the formal vote to adopt the resolution.
City Clerk Lisa Sitz recorded roll call at the start of the session; those listed as present were Councilmembers Brenda Hutcheson, Kate Wells, Kasey Eakins, Harmony Cash, Jake Emery and Jay Davis. Mayor Cameron Tate called the meeting to order; guests at the meeting were named as Bryan Wells and Hunter Timms in the minutes.
The meeting minutes and the transcript excerpt do not provide substantive details about the loan’s terms, the dollar amount, collateral, repayment schedule or related financing documents. Those specifics were not specified in the record provided.
After adopting Resolution No. 2024-07-29, Councilmember Hutcheson moved to adjourn, Councilmember Eakins seconded, and the motion passed unanimously. The called meeting then concluded.
