Land Reuse and Preservation Agency

MORGANTOWN LAND REUSE AND PRESERVATION AGENCY SPECIAL MEETING MINUTES 1 p.m. August 19, 2019 Council Chambers DIRECTORS PRESENT: David Satterfield, Jessica McDonald, Patrick Kirby, Laura Rye, and Michael Mills DIRECTORS ABSENT: Brent Bailey and Tim Stranko STAFF PRESENT: City Attorney Ryan Simonton; Director of Development Services Chris Fletcher; Tom Aman, Steptoe & Johnson, Bond Counsel; and, Robert Steptoe, Crews & Associates, Bond Placement Agent I. CALL TO ORDER AND ROLL CALL II. PROOF OF NOTICE OF MEETING OR WAIVER OF NOTICE III. PUBLIC COMMENT – None. IV. NEW BUSINESS A. To consider for adoption a Resolution of the Morgantown Land Reuse and Preservation Agency (the “Agency”) which would authorize and approve (i) the acquisition, equipping and improvement by the City of Morgantown (the “City”), working in conjunction with the Agency of real property located at 430 Spruce Street to be used as a City Hall Annex and related purposes and all real estate, rights of way, improvements, fixtures, equipment, personal property and appurtenances associated therewith (the “Annex Property”); (ii) the leasing of such Annex Property by the Agency to the City; (iii) the sale and issuance by the Agency of its not to exceed $2,000,000 principal amount of Lease Revenue Bonds to finance the costs of the acquisition, equipping and improvement of the Annex Property; and (iv) the execution and delivery by the City of an Agreement and Lease and other documents in connection with such financing. Kirby moved to approve the resolution as presented; seconded by Mills. The motion passed unanimously. B. To consider for adoption a Supplemental Resolution of the Agency which would supplement the Resolution adopted by the Agency providing for the issuance of its Lease Revenue Bonds in an amount not to exceed $2,000,000 for the purpose of financing the acquisition of real property located at 430 Spruce Street to be used as a City Hall Annex and related purposes for the purpose of specifying certain terms for the issuance of such Bonds. Kirby moved to approve the supplemental resolution as presented; seconded by Rye. The motion passed unanimously. Land Reuse and Preservation Agency Page 1 of 2 Board of Directors Special Meeting August 19, 2019 Minutes  C. To consider for adoption a Mission Statement for the Morgantown Land Reuse and Preservation Agency. Fletcher discussed a memorandum included in the board's meeting packet that provided two (2) mission statement options following the board's 20 JUN and 24 JUL retreats facilitated by Terrell Ellis and Associates, Inc. Option 1 reflected a recommended statement developed through the retreat process. Option 2 was prepared by McDonald as a more simplified mission statement but also reflected the board's retreat discussions. After some discussion, the board agreed to hold the matter in abeyance until the next regular business meeting. V. ADJOURNMENT - Rye moved to adjourn the meeting; seconded by Kirby. The meeting was adjourned by unanimous consent at 1: 13 p.m. MINUTES APPROVED: September 26, 2019 BOARD SECRETARY: Land Reuse and Preservation Agency Page 2 of 2 Board of Directors Special Meeting August 19, 2019 Minutes