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HomeMy WebLinkAbout1973-11-27; Building Authority; MinutesMinutes of Date of Meeting Time of Meeting Place of Meeting: (Special Meeting) CARLSBAD BUILDING AUTHORITY November 27, 1973 2:00 P.M. Council Chambers The meeting was called to order at 2:05 P.M. by Chairman Helton. Members present besides the Chairman were Directors Anderson and Huking. Chairman Helton and Director Anderson welcomed Mr. L. J. Huking to the Board of Directors of-the Carlsbad Bui Id ing Authority. APPROVAL OF MINUTES: Minutes of the Special meeting held January 19, 1973, and of the regular meeting held June 4, 1973 were approved as submitted. Paying Agent. Discussion was held as to what effe the recent purchase of United States National Bank by Crocker National Bank would have on the Bui Id in Authority, due to the fact United States National Bank is named as the Trustee ; for the Carlsbad Building Authority. It was agreed that the City Attorney be requested to look into the Trust Account with the- former United States National Bank - now Crocker National Bank as to its security, and submit a recommenda- tion as to the continuing use of this financial institution as the Trustee for the Carlsbad Building Authority. Helton Anderson Huking :t Approval of Audit for fiscal year 1972-1973. The Brantley forAudit Report submitted b y Carroll & fiscal year 1972-73 was reviewed by the Directors. Following considerable discussion the Audit Report dated June 30, 1973 was approved as submitted by Carroll & Brantley. Payment of Bi11s. Authorization was given for . the payment of the Trustees fees in the amount of" $1,061.14 for the 'period 1/1/71 to 6/30/73; and for the Auditor's fee in the' amount of $185.00.as submitted by Carroll &• Brantley dated September 26 1973; and that said payments be made from the Working Capital Fundof the Carlsbad Building Authori ty. It'was further agreed the Trustee's fee and of Carlsbad be billed in order to bring the Capital Fund u'p to at ADJOURNMENT: that after the payment of the Auditor's fee the City in the amount of $1 ,328.67 balance of the Working least $1 ,500. . By proper motion the meeting was adjourned at 3:25 P.M. Respectfully submitted MARGATCE//E. ADAMS Recording Secretary Helton Anderson Huking Helton Anderson Huking Helton Anderson Huking Helton Anderson Huking