HomeMy WebLinkAboutCOMM - Meeting Minutes - 707 - 11-15-2002 - COMMISSIONERGO
MINUTE BOOK
BOARD OF COUNTY COMMISSIONERS WASHINGTON COUNTY, PENNSYLVANIA
Minute No. 707 Washington County Commissioners
Washington, PA, November 15, 2002
The Washington County Board of Commissioners met in regular session in the Public Meeting Room,
Courthouse Square, Washington, Pennsylvania, with the following members being present: Commissioners John P.
Bevec; Diana L. Irey and J. Bracken Burns, Sr. Also being present: Catherine Kresh, Administrator/Chief Clerk; Mary
Friedline, Assistant Solicitor; Linda Belcher, Administrative Assistant; Roger Metcalfe, Budget Director; Gregory
Zappala and Nick Falgione, RRZ Public Markets, Inc.; Jeff Mills, Pepper Hamilton, LLP; Linda Metz, Observer -
Reporter; and a group of elementary students from North Hills Christian Home School.
Chairman Bevec called the meeting to order at approximately 10:05a.m.
Chairman Bevec entertained a motion to approve Minute No. 706 dated November 7, 2002.
Moved by Mrs. Irey, seconded by Mr. Burns, that Minute No. 706 be approved as written.
Roll call vote taken:
Mr. Burns - Yes; Mrs. Irey - Yes; Mr. Bevec - Yes.
Motion carried unanimously.
SPEICAL ORDER OF BUSINESS
Chairman Bevec noted the purpose of the meeting is for refinancing Washington County's 1993 Bond Issue.
Mr. Gregory Zappala of RRZ Public Markets, Inc. addressed the Board regarding an opportunity to refinance the
County's bonds.
Mr. Zappala stated the County would be entering into a Purchase Contract with RRZ Public Markets, Inc. for the
purpose of refinancing 1993 bonds that are remaining.
Mr. Zappala explained taking this action today would lock in the low interest rates and will give Washington
County a 3.75% savings (approximately $300,000.00) on their bond issue.
Moved by Mrs. Irey, seconded by Mr. Burns, to approve the refinancing of the 1993 bonds as per above.
Roll call vote taken:
Mr. Burns - Yes; Mrs. Irey - Yes; Mr. Bevec - Yes.
Motion carried unanimously.
There being no further business, Chairman Bevec declared the meeting adjourned at approximately 10:10 a.m.
THE FOREGOING MINUTES SUBMITTED FOR APPROVAL:
1,9 2002
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ADMINISTRATOR/CHIEF CLERK