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Minutes of Georgetown Special Taxing District, 10/11/2016

AGENDA: Georgetown Special Taxing District

RECEIVED 10/13/2016 8:30am
Michele R. Grande – Redding Town Clerk

GEORGETOWN SPECIAL TAXING DISTRICT
BOARD OF DIRECTORS SPECIAL MEETING
October 11, 2016
Minutes & Voting Record

Present:  F. Taylor (Town Hall), C. Lynch & J. Schmitz (by phone), Dan Beaudette
Also present: Julia Pemberton, Redding First Selectman

Mr. Lynch called the meeting to order at 11:10 am in the Redding Town Office Building.

APPROVAL OF MINUTES
Motion: move to accept the minutes of the August 18, 2016 meeting as submitted.  Schmitz/Taylor.  Approved. Unanimous.

DISCUSSION TO THE ONGOING FORECLOSURE AGAINST GLDC
Mr. Lynch stated that there is no update on the status of the foreclosure to report.  Mr. Beaudette said that he had talked with William Harris Associates and it appears there is nothing going between the Bond Holders and the Town of Redding.  He asked if GSTD should approach State Policy & Management requesting permission for filing bankruptcy or ask the state to assist with other legal recourse.  There was discussion of having GSTD write to either the State or to the Town of Redding.

Motion: have President Lynch write the Redding First Selectman requesting an update on the Town’s progress towards foreclosure and current status.  Taylor/Schmitz – Approved – Unanimous

OTHER BUSINESS
None

ADJOURNMENT
Motion: move that the meeting be adjourned.  Schmitz, Taylor.  Approved. Unanimous.

The meeting adjourned at 11:24 am.

Submitted by Frank Taylor, District Clerk