HomeMy WebLinkAbout06-01-959586 June 1, 1995
Minutes of the special meeting of the Pulaski Town Council held June 1, 1995, at 7:00 a.m. in the
Council Chambers in the Municipal Building.
There were present: Mayor Andrew L. Graham, Jr., presiding
Council Members: John A. Johnston, Bettye H. Steger, W. Edgar Hale,
Alma H. Holston, W. H. Schrader, Jr., Roy H. D'Ardenne, Jr.,
E. G. Black, Jr.
Others Present: Frank Terwilliger, Town Attorney
Thomas M. Combiths, Town Manager
Robert J. Lyons, Assistant Town Manager
L. Max Beyer, Finance Director
SPECIAL Mayor Graham advised that the purpose of the Special Council Meeting was to authorize Mayor
MEETING to execute documents allowing Renfro Corp. to place alease/hold on a Deed of Trust against
property located at Renfro Corp., Newbem Road Plant, 4100 Bob White Boulevard.
The Town Attorney advised that Renfro had requested that the Town allow the company's lender
RENFRO to place a leasehold on a deed of trust against the property at the Newbern Road Plant, 4100 Bob
White Boulevard.
The Town Attorney indicated that the Town Manager or Mayor execute the Estoppel Consent and
Agreement and Landlords Waiver and Consent Agreement to effect this request.
The Industrial Development Authority has consented to the subordination provided that the
bondholders also agree.
Councilman D'Ardenne so moved that the Town Manager be authorized to execute the Estoppel
Conserrt and Agreement dated May 31, 1995,and Landlord Waiver & Conserrt dated May 31,
1995, and the Clerk of the Town Council is authorized to certify and attest to these documents.
Motion seconded by Vice Mayor Schrader and carried on the following recorded vote:
John A. Johnston -Aye Roy H. D'Ardenne, Jr. -Aye
John W. Stone -Absent W. Edgar Hale -Aye
Bettye H. Steger -Aye Alma H. Holston -Aye
W. H. Schrader, Jr. -Aye E. G. Black, Jr. -Aye
At 7:07 a.m. Vice Mayor Schrader so moved that Council adjourn, seconded by Councilman
D'Ardenne and carried.
APPROVED:
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Attest:
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Clerk of Council
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