NOTICE IS HEREBY GIVEN THAT ON THE 21st DAY OF FEBRUARY 2018, THE DEVELOPMENT CORPORATION OF SNYDER, INC. (“DCOS”) WILL HOLD A BOARD OF DIRECTOR’S MEETING IN THE DCOS BOARD ROOM LOCATED AT 2514 AVENUE R, SNYDER, TX 79549, AT 7:00 A.M. SEE THE FOLLOWING AGENDA FOR THE SUBJECTS TO BE DISCUSSED.
In the event that an executive session is posted as part of the agenda, the Board will reconvene in open session to take appropriate action.
I. Call to Order
II. Welcome Visitors
III. Review and Approve Minutes from the January 24, 2018 meeting.
IV. Review and Approve Financial Information
V. Consider rescinding action taken by the Board of Directors on September 20, 2017 adopting a RESOLUTION APPROVING THE BORROWING OF $2,284,534.75 BY THE DEVELOPMENT CORPORATION OF SNYDER, LLC TO REFINANCE TWO PRIOR DEBTS OF THE CORPORATION in its entirety, to refinance the Texas Leverage Fund loan through Governmental Capital Corporation.
VI. CONSIDER ADOPTION OF A RESOLUTION OF THE DEVELOPMENT CORPORATION OF SNYDER, INC. AUTHORIZING THE ISSUANCE AND SALE OF SALES TAX REVENUE REFUNDING BOND, TAXABLE SERIES 2018 BY THE CORPORATION; DELEGATING THE AUTHORITY TO CERTAIN OFFICIALS TO EXECUTE CERTAIN DOCUMENTS RELATING TO THE SALE OF THE BOND; APPROVING A SALES TAX REMITTANCE AGREEMENT; AND ENACTING OTHER PROVISIONS RELATING TO THE SUBJECT.
VII. Review and Approve Completed 2016-2017 DCOS Audit
VIII. Review and Approve DCOS Personnel Policy
IX. Discuss and Consider Texas Leverage Fund Loan Refinance
X. DCOS Executive Director position update
This notice was posted at the DCOS Office on February 15, 2018.