10-21-1987 VC SP-MMINUTES OF SPECIAL MEETING
OF THE
VILLAGE COUNCIL OF NORTH PALM BEACH, FLORIDA
HELD
WEDNESDAY, OCTOBER 21, 1987
Present: Tan Valente, Mayor
Judy M. Pierman, President Pro Tem
' Craig Mundt, Councilman
Raymond J. Howland, Village Manager
Herbert L. Gildan, Village Attorney
Absent: V. A. Marks, M.D., Vice Mayor
Kenneth H. Mays, D.M.D., Councilman
Iblores R. Walker, Village Clerk
Mayor Valente called the Special Meeting to order at 7:30 p.m. ROLL CALL
All members of the Council were present except Vice Mayor Marks
and Councilman Mays, who was out of town. All members of
the staff were present except the Village Clerk, who was on
vacation.
The Special meeting was called for the purpose of having the PURPOSE OF
Village Council authorize the Mayor to sign the letter of SPECIAL
application to Kidder, Peabody & Canpnay for the possible MEETING
acquisition of Seacoast Utilities.
Herbert Gildan, Village Attorney, explained the proper procedure VILLAGE
to be used for purchasing a utility. He discussed expansion, ATTORNEY'S
potential annual income and the amount available for debt COMMENTS
' service, in his estimation. He also said we will need an
engineering study, the cost of which should be deducted from the
purchase price.
A discussion ensued, after which Councilman Mundt moved that we
authorize the Mayor to sign an offer to purchase Seacoast
Utilities, as drafted by our Counsel, and submitted to us for
consideration. The motion was seconded by President Pro Tem
Pierman and passed unanimously.
There being no further business to come before the Council, the
meeting was adjourned at 8:10 p.m.
Minutes recorded by: Raymond .Howland, Village Manager
Minutes transcribed by: ]Mores R. Walke , CMC, Village Clerk
J
MAYOR AUTHORIZED
TO SIGN OFFER
T1~ PURCHASE
SEACOAST UTILITIES
ADJOiJRNMENT