Present: C. Lynch (by phone), F. Taylor (by phone), J. Schmitz (by phone), First Selectman Pemberton
Mr. Lynch called the meeting to order at 11:03 am in the Redding Town Office Building.
APPROVAL OF MINUTES
Motion: move to accept the minutes of the July 14, 2015 meeting as submitted. Schmitz, Taylor. Approved. Unanimous.
Motion: move to accept the minutes of the July 31, 2015 special meeting as submitted. Taylor, Schmitz. Approved. Unanimous.
DISCUSSION TO THE ONGOING FORECLOSURE AGAINST GLDC
Mr. Lynch indicated he is in the process of obtaining funds from GLDC to retain legal counsel to represent GSTD/GLDC and respond to the foreclosure notifications. Mr. Lynch will schedule a special meeting when the funds are in place.
DISCUSSION PERTAINING TO THE ONGOING DISCUSSIONS BETWEEN THE VARIOUS GSTD CREDITORS
Mr. Lynch reported that he has been in daily touch with the various representatives for the bondholders in an attempt to move forward.
A letter from Daniel Beaudette of the USDA to Scott Jackson at the Office of Policy and Management dated August 10, 2015 was discussed. Mr. Lynch will contact Mr. Beaudette regarding the letter.
Motion: move that the meeting be adjourned. Schmitz, Taylor. Approved. Unanimous.
The meeting adjourned at 11:10 am.
Submitted by Mary Maday, Recording Secretary