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Minerva board approves budget amendment to prepay bond counsel for EFC serial bond issuance
Summary
The board authorized a budget amendment from Water Fund Balance to prepay Orrick, Herrington & Sutcliffe LLP for professional services tied to an EFC serial bond issuance listed at $1,160,924; the minutes show the amendment amount printed as '12,0750.00' (likely a typographical error). Vote: 4-0.
The Minerva Town Board approved a resolution to amend the budget and prepay legal fees to Orrick, Herrington & Sutcliffe LLP for services related to the issuance of an EFC serial bond the minutes list as $1,160,924.00. The resolution moved funds from the Water Fund Balance to Attorney CE (account 1404.08) and was approved by roll call, carried 4-0.
The minutes include a printed figure for the budget amendment shown as "12,0750.00," which appears to be a typographical error in the meeting record; the board referenced Orrick's file number (42593-2-700) in the motion. The action is connected to a planned EFC serial bond issuance; the minutes do not provide a detailed repayment schedule or the precise corrected amendment total.
