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