The City Council and Hospital Commission met to discuss financing for a new medical clinic facility and parking lot expansion at the Virginia Regional Medical Center (VRMC) campus. St. Mary's/Duluth Clinic (SMDC) presented plans to replace its current clinic with an 80,000 square foot facility connected to VRMC by tunnel. The $16.5 million project would be financed through bonds issued by the city and leased to SMDC over 20 years. The groups approved splitting $1.6 million in bonds equally to fund a new parking lot adding 77 spaces. The bonds and 20-year sublease to SMDC were approved to finance construction of the new clinic and infrastructure connecting it to VRMC.
Wrong Diagnosis, Harmful Prescription: A Critique of Financial Resolution and Deposit Insurance (FRDI) Bill, 2017
Visit http://www.repealfrdi.net to understand the nuances and impact of the #FRDIBill and to send a letter to your MP to not legislate it.
The Centre for Financial Accountability aims to strengthen and improve financial accountability within India by engaging in critical analysis, monitoring and critique of the role of financial institutions – national and international, and their impact on development, human rights and the environment, amongst other areas. For more information visit http://www.cenfa.org Get in touch with us at info@cenfa.org
We also publish Finance Matters, a weekly newsletter on the development finance. Archive can be accessed at http://www.cenfa.org/newsletter-archive/
To subscribe, email us at newsletter@cenfa.org
“Government in the majority has still to get it right! The current direction, goal and focus appear to have taken a new direction and latitude, obfuscated by sanctimonious pontification and grandiose pronouncements.” – Kawika Kanahele Sandecker III
The FCRA, ECOA and the Consumer Financial Protection BureauAllen Matkins
The CFPB may address ambiguity around whether adverse action notices are required under the FCRA for commercial transactions. There are two views: 1) FCRA does not apply to commercial transactions, only personal credit. 2) FCRA applies if credit information was collected for a consumer report, regardless of ultimate use. The FTC endorsed the second view, but the CFPB has not yet taken an official position. This is an area the CFPB could provide further clarity.
Full text of the Supreme Court's 6-3 Obamacare rulingDaniel Roth
Chief Justice John Roberts: “Congress passed the Affordable Care Act to improve health insurance markets, not to destroy them.. IIf at all possible, we must interpret the act in a way that is consistent with the former, and avoids the latter.”
Scalia: "“We should start calling this law ‘SCOTUScare"
Wrong Diagnosis, Harmful Prescription: A Critique of Financial Resolution and Deposit Insurance (FRDI) Bill, 2017
Visit http://www.repealfrdi.net to understand the nuances and impact of the #FRDIBill and to send a letter to your MP to not legislate it.
The Centre for Financial Accountability aims to strengthen and improve financial accountability within India by engaging in critical analysis, monitoring and critique of the role of financial institutions – national and international, and their impact on development, human rights and the environment, amongst other areas. For more information visit http://www.cenfa.org Get in touch with us at info@cenfa.org
We also publish Finance Matters, a weekly newsletter on the development finance. Archive can be accessed at http://www.cenfa.org/newsletter-archive/
To subscribe, email us at newsletter@cenfa.org
“Government in the majority has still to get it right! The current direction, goal and focus appear to have taken a new direction and latitude, obfuscated by sanctimonious pontification and grandiose pronouncements.” – Kawika Kanahele Sandecker III
The FCRA, ECOA and the Consumer Financial Protection BureauAllen Matkins
The CFPB may address ambiguity around whether adverse action notices are required under the FCRA for commercial transactions. There are two views: 1) FCRA does not apply to commercial transactions, only personal credit. 2) FCRA applies if credit information was collected for a consumer report, regardless of ultimate use. The FTC endorsed the second view, but the CFPB has not yet taken an official position. This is an area the CFPB could provide further clarity.
Full text of the Supreme Court's 6-3 Obamacare rulingDaniel Roth
Chief Justice John Roberts: “Congress passed the Affordable Care Act to improve health insurance markets, not to destroy them.. IIf at all possible, we must interpret the act in a way that is consistent with the former, and avoids the latter.”
Scalia: "“We should start calling this law ‘SCOTUScare"
Amendments to the Alberta and British Columbia Insurance ActsNow Dentons
In this presentation, Shelley Miller Q.C. and Jennifer Halloran discuss the Amendments to the Alberta and British Columbia Insurance Acts, effective July 1, 2012.
Topics include:
Revisions of Fire Provisions
Statutory Conditions
Limitation Periods
Full Disclosure Requirements
Proportionate Contributions - s. 28.1(1)
Recovery by Innocent Persons
Subrogation
Relief from Forfeiture; Unjust Provisions
Electronic Communications
Cancellation of Insurance
Dispute Resolution Process
Access to Documents
Court Ordered Advance Payment
Retroactive Effect
Each cycle members of the Southwest California Legislative Council are assigned a ballot proposition to review based on their areas of expertise. They present that information to the council where it is discussed, debated, audience members and legislators provide additional feedback, and then a position is adopted. While all votes are not unanimous, the positions represented here are those we feel best represent what is best for our wider membership, our business and individual Chamber members.
MEMO: Preemption Rules Applicable to Banks and Thrift Institutions After the ...Patton Boggs LLP
The document summarizes changes to federal preemption rules for banks and thrifts under the Dodd-Frank Act. Key points:
1) The Act eliminates broad preemption for operating subsidiaries of banks and thrifts, subjecting them to state laws.
2) The standard for preemption is now determined on a case-by-case basis, considering if state laws prevent or significantly interfere with bank powers.
3) States have enhanced authority to enforce consumer protection laws against banks, including allowing state AGs to sue for violations.
HAWAII PUBLIC UTILITIES COMMISSION
MISSION STATEMENT
The Commission's mission is to provide effective, proactive, and informed oversight of all regulated entities to ensure that they operate at a high level of performance so as to serve the public fairly, efficiently, safely, and reliably, while addressing the goals and future needs of the State in the most economically, operationally, and environmentally sound manner, and affording the opportunity for regulated entities to achieve and maintain commercial viability.
What do you understand about Bankruptcy Laws - David Ford Avon CTDavid Ford Avon Ct
This document provides information about various topics related to creditors' remedies and bankruptcy proceedings:
1. It defines different types of creditors' liens like mechanic's liens, artisan's liens, and innkeeper's liens. It also outlines prejudgment attachments and writs of execution that creditors can use.
2. It differentiates between suretyship, where a third party agrees to be liable for a debt, and guaranty arrangements.
3. It provides an overview of the typical steps in a bankruptcy proceeding and compares the different chapters available under the bankruptcy code.
The police department is seeking approval for a one-year extension to the current canine sheltering agreement with Pup Pup & Away LLC. The current agreement was entered in April 2020 and provides excellent care, socializing, and open space recreation for COAH canine rescues. The proposed extension is consistent with COAH's efforts to safely house stray or abandoned dogs.
MBA Compliance Essentials Successor-In-Interest State Report - CaliforniaMBAMortgage
This document provides information about successor-in-interest requirements in California. It discusses that under the CFPB rules, a successor-in-interest is a person to whom ownership of a property securing a mortgage loan is transferred from the original borrower. The document outlines 5 categories of transfers that would make someone a successor-in-interest. It provides a matrix to guide servicers on what documents to request to confirm someone's status as a successor-in-interest in California in a reasonable manner consistent with state law. The matrix is intended to help servicers comply with both the CFPB rules and relevant California law on successors-in-interest.
Landlord Tenants: Leases: An Ounce Of PreventionEinhorn Harris
Jason R. Rittie, Esq. of Denville, NJ law firm Einhorn Harris Ascher Barbarito & Frost, P.C. presented a seminar on Landlord/Tenant Law for CLE credits. Part one discusses Leases.
This document is an affidavit from Mark Weinsten in support of LodgeNet Interactive Corporation filing for Chapter 11 bankruptcy and the relief sought in various first day motions. It provides background on LodgeNet's financial difficulties and proposed restructuring, including a $60 million investment from Colony Capital in exchange for 100% ownership of reorganized LodgeNet under a prepackaged Chapter 11 plan that has already received creditor support. The affidavit also summarizes various motions seeking court approval of procedures to allow LodgeNet to continue operating in bankruptcy with minimal disruption.
AMENDMENTS TO SARFAESI ACT/RULES/DRT ACT AND RULES WHICH HAVE BEEN ENFORCEDMukesh Chand
The document summarizes key amendments to the Security Interest (Enforcement) Rules, 2002 and the Debt Recovery Tribunal (Procedure) Rules, 1993 in India that came into effect from November 4, 2016. Some of the major changes include:
1) Allowing delivery of notices by hand delivery in addition to other modes.
2) Reducing the notice period for subsequent auctions of secured assets from 30 days to 15 days.
3) Allowing service of notices via email in addition to other modes.
4) Providing for public auctions, including e-auctions of secured assets.
5) Reducing timelines for filing written statements and replies in DRT recovery applications.
The Banking Ombudsman Scheme provides a mechanism for resolution of complaints related to deficiencies in banking services. Key points:
- The scheme is administered by the Reserve Bank of India and covers all scheduled commercial banks, regional rural banks, and scheduled primary cooperative banks.
- Complaints can be filed by individuals or authorized representatives regarding issues that were not resolved by the bank within a month. The ombudsman may pass an award with compensation up to Rs. 20 lakh or reject the complaint.
- Awards made by the ombudsman are binding if accepted by the complainant within 30 days. Banks must implement accepted awards within a month and confirm compliance. Appeals can be made to the Deputy Governor
This document proposes a directive on credit agreements relating to residential property from the European Commission. It aims to create an efficient single market for mortgages while protecting consumers by fostering confidence, mobility, and responsible lending. It was prompted by problems in the financial crisis like rising defaults. The proposal draws from consultation with stakeholders and studies. It aims to address issues like unclear advertising, unsuitable loans, and inconsistent regulation of lenders and intermediaries across the EU.
The New Ability to Repay and Qualified Mortgage RuleLaura Hite
The webinar reviewed the Dodd-Frank Act's Ability to Repay requirements for residential mortgage loans, the Bureau's proposed definition of a qualified mortgage and how lenders making such loans can comply with the Ability to Repay requirements. We also reviewed the rule’s anticipated effective date, as well as its expected impacts on mortgage operations and product offerings going forward. Attendees will receive the most recent information on this soon to be issued Bureau rule, how to plan for the operational challenges to comply with the new Ability to Repay and qualified mortgage requirements.
We look forward to using this document to support what appears to be a PATTERN-OF-CORRUPTION engaged in by the KLAN'S Law Firm Baker Donelson Bearman Caldwell & Berkowitz and Clients as Siemens Corporation SCAMMING HEAVILY POPULATED Black/African-American Cities out of monies. In this CRIMINAL SCANDAL a Foreign Company is being used that has a WELL-ESTABLISHED Track Record of providing BRIBES, etc. for purposes of STEALING MONIES from their VICTIMS. In cities as Jackson, Mississippi, it appears from reports that there is a BIGGER picture for such SCAMS targeting HEAVILY POPULATED Black/African-American cities = OBJECT BEING to STEAL THE LAND/PROPERTY from Citizens/Residents through such FRAUDULENT and CRIMINAL ACTS. These methods may also be seen as EMBEZZLEMENT, FRAUD and other criminal acts by Law Firms as Baker Donelson Bearman Caldwell & Berkowitz. At least the EVIDENCE supports ANOTHER Criminal Scam being carried out by WHITE SUPREMACISTS Groups ABUSING their positions to target Black/African-American Communities/Citizens!
Item # 1b - August 24th City Council Meeting Minutesahcitycouncil
The August 24, 2020 City Council meeting of Alamo Heights discussed:
1) Approving the minutes from the previous meeting and the renewal of contracts with the emergency medical services director and the neighboring cities for emergency services.
2) Amending parking restrictions on Patterson Avenue based on a resident's request, with proposed changes to increase the two-hour parking section and reduce the no parking section.
3) Announcements about upcoming budget, tax rate, and bond election meetings. No citizens signed up to speak.
•Broadband Co-ops: A Model for Rural Broadband Development, Mark Erickson, RS...Ann Treacy
The document summarizes the history and restructuring of the RS Fiber project to bring fiber internet access to rural areas. Under the new structure, a private fiber cooperative will own and operate the network with financing from an economic development loan from local governments. This lowers construction costs and the household subscription rate needed for the project to break even. The new structure aims to address issues with the previous financing plan and move the project forward to provide high-speed internet through a fiber optic network to homes, farms and businesses in the rural area.
The settlement will provide $25 billion in relief to homeowners and penalties for banks. It represents the largest financial recovery by state attorneys general. Hundreds of thousands of homeowners will receive assistance to stay in their homes or funds if they were improperly foreclosed on. The settlement also mandates extensive reforms to mortgage servicing standards and practices.
The settlement will provide $25 billion in monetary sanctions and relief to address foreclosure misconduct by five major banks. This includes $17 billion to help hundreds of thousands of homeowners stay in their homes through loan modifications and other assistance programs. It also establishes comprehensive mortgage servicing reforms and oversight to prevent improper foreclosure practices like robo-signing going forward.
Item # 1a - July 12, 2023 Budget WS Minutesahcitycouncil
This document summarizes the minutes from a City of Alamo Heights City Council meeting and budget workshop. Key discussion points included:
- Approving an architectural review case and ordinance amending the capital replacement fund budget.
- Discussing the proposed FY 2023-2024 budget, including a potential 4% cost of living adjustment for employees, uses of ARPA funds, utility fund projects, and tax rates.
- Reviewing revenues and expenditures for the general fund and proposed allocations to city departments, including additional school resource officer positions.
American Recovery and Reinvestment Conference Report Division Detailed summar...finance3
The document summarizes provisions from the American Recovery and Reinvestment Act of 2009 related to health care, broadband, and energy. It allocates $86.6 billion to increase Medicaid funding for states and extend health programs to help the unemployed keep their health insurance. It provides $4.7 billion in grants to expand broadband infrastructure and an additional $2.5 billion for rural broadband. It also allocates $19 billion to promote health information technology and $10 billion for energy programs including smart grid development, renewable energy loans, and weatherizing homes.
The Golden Rain Foundation Trust was established in 1964 to finance and manage the construction of community facilities for Leisure World Laguna Hills. As trustee, Golden Rain Foundation is responsible for acquiring land, developing facilities like clubhouses and golf courses, and managing/maintaining the assets for the benefit of the mutual housing corporations that own the trust. The trust agreement and exhibits outline the trustee duties, assets, funding from mutuals, financial reporting requirements, and establishes the mutual housing corporations as both trustors that provide funding and beneficiaries that benefit from the trust assets and services.
Amendments to the Alberta and British Columbia Insurance ActsNow Dentons
In this presentation, Shelley Miller Q.C. and Jennifer Halloran discuss the Amendments to the Alberta and British Columbia Insurance Acts, effective July 1, 2012.
Topics include:
Revisions of Fire Provisions
Statutory Conditions
Limitation Periods
Full Disclosure Requirements
Proportionate Contributions - s. 28.1(1)
Recovery by Innocent Persons
Subrogation
Relief from Forfeiture; Unjust Provisions
Electronic Communications
Cancellation of Insurance
Dispute Resolution Process
Access to Documents
Court Ordered Advance Payment
Retroactive Effect
Each cycle members of the Southwest California Legislative Council are assigned a ballot proposition to review based on their areas of expertise. They present that information to the council where it is discussed, debated, audience members and legislators provide additional feedback, and then a position is adopted. While all votes are not unanimous, the positions represented here are those we feel best represent what is best for our wider membership, our business and individual Chamber members.
MEMO: Preemption Rules Applicable to Banks and Thrift Institutions After the ...Patton Boggs LLP
The document summarizes changes to federal preemption rules for banks and thrifts under the Dodd-Frank Act. Key points:
1) The Act eliminates broad preemption for operating subsidiaries of banks and thrifts, subjecting them to state laws.
2) The standard for preemption is now determined on a case-by-case basis, considering if state laws prevent or significantly interfere with bank powers.
3) States have enhanced authority to enforce consumer protection laws against banks, including allowing state AGs to sue for violations.
HAWAII PUBLIC UTILITIES COMMISSION
MISSION STATEMENT
The Commission's mission is to provide effective, proactive, and informed oversight of all regulated entities to ensure that they operate at a high level of performance so as to serve the public fairly, efficiently, safely, and reliably, while addressing the goals and future needs of the State in the most economically, operationally, and environmentally sound manner, and affording the opportunity for regulated entities to achieve and maintain commercial viability.
What do you understand about Bankruptcy Laws - David Ford Avon CTDavid Ford Avon Ct
This document provides information about various topics related to creditors' remedies and bankruptcy proceedings:
1. It defines different types of creditors' liens like mechanic's liens, artisan's liens, and innkeeper's liens. It also outlines prejudgment attachments and writs of execution that creditors can use.
2. It differentiates between suretyship, where a third party agrees to be liable for a debt, and guaranty arrangements.
3. It provides an overview of the typical steps in a bankruptcy proceeding and compares the different chapters available under the bankruptcy code.
The police department is seeking approval for a one-year extension to the current canine sheltering agreement with Pup Pup & Away LLC. The current agreement was entered in April 2020 and provides excellent care, socializing, and open space recreation for COAH canine rescues. The proposed extension is consistent with COAH's efforts to safely house stray or abandoned dogs.
MBA Compliance Essentials Successor-In-Interest State Report - CaliforniaMBAMortgage
This document provides information about successor-in-interest requirements in California. It discusses that under the CFPB rules, a successor-in-interest is a person to whom ownership of a property securing a mortgage loan is transferred from the original borrower. The document outlines 5 categories of transfers that would make someone a successor-in-interest. It provides a matrix to guide servicers on what documents to request to confirm someone's status as a successor-in-interest in California in a reasonable manner consistent with state law. The matrix is intended to help servicers comply with both the CFPB rules and relevant California law on successors-in-interest.
Landlord Tenants: Leases: An Ounce Of PreventionEinhorn Harris
Jason R. Rittie, Esq. of Denville, NJ law firm Einhorn Harris Ascher Barbarito & Frost, P.C. presented a seminar on Landlord/Tenant Law for CLE credits. Part one discusses Leases.
This document is an affidavit from Mark Weinsten in support of LodgeNet Interactive Corporation filing for Chapter 11 bankruptcy and the relief sought in various first day motions. It provides background on LodgeNet's financial difficulties and proposed restructuring, including a $60 million investment from Colony Capital in exchange for 100% ownership of reorganized LodgeNet under a prepackaged Chapter 11 plan that has already received creditor support. The affidavit also summarizes various motions seeking court approval of procedures to allow LodgeNet to continue operating in bankruptcy with minimal disruption.
AMENDMENTS TO SARFAESI ACT/RULES/DRT ACT AND RULES WHICH HAVE BEEN ENFORCEDMukesh Chand
The document summarizes key amendments to the Security Interest (Enforcement) Rules, 2002 and the Debt Recovery Tribunal (Procedure) Rules, 1993 in India that came into effect from November 4, 2016. Some of the major changes include:
1) Allowing delivery of notices by hand delivery in addition to other modes.
2) Reducing the notice period for subsequent auctions of secured assets from 30 days to 15 days.
3) Allowing service of notices via email in addition to other modes.
4) Providing for public auctions, including e-auctions of secured assets.
5) Reducing timelines for filing written statements and replies in DRT recovery applications.
The Banking Ombudsman Scheme provides a mechanism for resolution of complaints related to deficiencies in banking services. Key points:
- The scheme is administered by the Reserve Bank of India and covers all scheduled commercial banks, regional rural banks, and scheduled primary cooperative banks.
- Complaints can be filed by individuals or authorized representatives regarding issues that were not resolved by the bank within a month. The ombudsman may pass an award with compensation up to Rs. 20 lakh or reject the complaint.
- Awards made by the ombudsman are binding if accepted by the complainant within 30 days. Banks must implement accepted awards within a month and confirm compliance. Appeals can be made to the Deputy Governor
This document proposes a directive on credit agreements relating to residential property from the European Commission. It aims to create an efficient single market for mortgages while protecting consumers by fostering confidence, mobility, and responsible lending. It was prompted by problems in the financial crisis like rising defaults. The proposal draws from consultation with stakeholders and studies. It aims to address issues like unclear advertising, unsuitable loans, and inconsistent regulation of lenders and intermediaries across the EU.
The New Ability to Repay and Qualified Mortgage RuleLaura Hite
The webinar reviewed the Dodd-Frank Act's Ability to Repay requirements for residential mortgage loans, the Bureau's proposed definition of a qualified mortgage and how lenders making such loans can comply with the Ability to Repay requirements. We also reviewed the rule’s anticipated effective date, as well as its expected impacts on mortgage operations and product offerings going forward. Attendees will receive the most recent information on this soon to be issued Bureau rule, how to plan for the operational challenges to comply with the new Ability to Repay and qualified mortgage requirements.
We look forward to using this document to support what appears to be a PATTERN-OF-CORRUPTION engaged in by the KLAN'S Law Firm Baker Donelson Bearman Caldwell & Berkowitz and Clients as Siemens Corporation SCAMMING HEAVILY POPULATED Black/African-American Cities out of monies. In this CRIMINAL SCANDAL a Foreign Company is being used that has a WELL-ESTABLISHED Track Record of providing BRIBES, etc. for purposes of STEALING MONIES from their VICTIMS. In cities as Jackson, Mississippi, it appears from reports that there is a BIGGER picture for such SCAMS targeting HEAVILY POPULATED Black/African-American cities = OBJECT BEING to STEAL THE LAND/PROPERTY from Citizens/Residents through such FRAUDULENT and CRIMINAL ACTS. These methods may also be seen as EMBEZZLEMENT, FRAUD and other criminal acts by Law Firms as Baker Donelson Bearman Caldwell & Berkowitz. At least the EVIDENCE supports ANOTHER Criminal Scam being carried out by WHITE SUPREMACISTS Groups ABUSING their positions to target Black/African-American Communities/Citizens!
Item # 1b - August 24th City Council Meeting Minutesahcitycouncil
The August 24, 2020 City Council meeting of Alamo Heights discussed:
1) Approving the minutes from the previous meeting and the renewal of contracts with the emergency medical services director and the neighboring cities for emergency services.
2) Amending parking restrictions on Patterson Avenue based on a resident's request, with proposed changes to increase the two-hour parking section and reduce the no parking section.
3) Announcements about upcoming budget, tax rate, and bond election meetings. No citizens signed up to speak.
•Broadband Co-ops: A Model for Rural Broadband Development, Mark Erickson, RS...Ann Treacy
The document summarizes the history and restructuring of the RS Fiber project to bring fiber internet access to rural areas. Under the new structure, a private fiber cooperative will own and operate the network with financing from an economic development loan from local governments. This lowers construction costs and the household subscription rate needed for the project to break even. The new structure aims to address issues with the previous financing plan and move the project forward to provide high-speed internet through a fiber optic network to homes, farms and businesses in the rural area.
The settlement will provide $25 billion in relief to homeowners and penalties for banks. It represents the largest financial recovery by state attorneys general. Hundreds of thousands of homeowners will receive assistance to stay in their homes or funds if they were improperly foreclosed on. The settlement also mandates extensive reforms to mortgage servicing standards and practices.
The settlement will provide $25 billion in monetary sanctions and relief to address foreclosure misconduct by five major banks. This includes $17 billion to help hundreds of thousands of homeowners stay in their homes through loan modifications and other assistance programs. It also establishes comprehensive mortgage servicing reforms and oversight to prevent improper foreclosure practices like robo-signing going forward.
Item # 1a - July 12, 2023 Budget WS Minutesahcitycouncil
This document summarizes the minutes from a City of Alamo Heights City Council meeting and budget workshop. Key discussion points included:
- Approving an architectural review case and ordinance amending the capital replacement fund budget.
- Discussing the proposed FY 2023-2024 budget, including a potential 4% cost of living adjustment for employees, uses of ARPA funds, utility fund projects, and tax rates.
- Reviewing revenues and expenditures for the general fund and proposed allocations to city departments, including additional school resource officer positions.
American Recovery and Reinvestment Conference Report Division Detailed summar...finance3
The document summarizes provisions from the American Recovery and Reinvestment Act of 2009 related to health care, broadband, and energy. It allocates $86.6 billion to increase Medicaid funding for states and extend health programs to help the unemployed keep their health insurance. It provides $4.7 billion in grants to expand broadband infrastructure and an additional $2.5 billion for rural broadband. It also allocates $19 billion to promote health information technology and $10 billion for energy programs including smart grid development, renewable energy loans, and weatherizing homes.
The Golden Rain Foundation Trust was established in 1964 to finance and manage the construction of community facilities for Leisure World Laguna Hills. As trustee, Golden Rain Foundation is responsible for acquiring land, developing facilities like clubhouses and golf courses, and managing/maintaining the assets for the benefit of the mutual housing corporations that own the trust. The trust agreement and exhibits outline the trustee duties, assets, funding from mutuals, financial reporting requirements, and establishes the mutual housing corporations as both trustors that provide funding and beneficiaries that benefit from the trust assets and services.
Item # 1a - January 22, 2024 CCM Minutesahcitycouncil
- The City Council of Alamo Heights held its regular meeting on January 22, 2024.
- The Council approved minutes from a previous meeting and heard announcements about the upcoming election filing period, planned tree trimming, and wildlife mitigation activities.
- Under items for individual consideration, the Council approved resolutions authorizing the City Manager to negotiate and execute agreements to procure additional water rights for 2023 usage and to extend the City's canine sheltering services contract with Pup Pup & Away LLC.
Well 6 emergency rehabilitation projectJason Raines
The document is a staff report recommending approval of an emergency contract with Foremost Pump & Well Services to rehabilitate Well #6. It summarizes that: Well #6's casing is deteriorating and needs to be lined; Foremost assessed the well and determined rehabilitation was necessary; approval would ensure reliable water supply; and the $89,857.50 cost would come from water capital reserves.
This presentation gives a summary of the National Mortgage Settlement Act, including key provisions of the Act and how it has benefited affected borrowers.
The document provides updates on legal and business issues in Vietnam, including:
1) Advised on two M&A deals in Vietnam's pharmaceutical and software industries totaling over $45 million.
2) Proposed changes to Vietnam's law on cooperatives including allowing capital contributions to be transferred and introducing "undivided pools" of retained funds.
3) An upcoming decree on personal data protection in Vietnam that will impose more stringent requirements on data processors and cross-border data transfers.
The document summarizes the key changes made by the Building Industry Fairness (Security of Payment) and Other Legislation Amendment Act 2020 in Queensland, Australia:
1. It replaces the existing project bank account framework for Queensland government construction projects with a simplified statutory trust regime for payments to subcontractors and retention monies.
2. It increases the Queensland Building and Construction Commission's enforcement powers to monitor compliance with the new project trust requirements and introduces penalties for non-compliance.
3. For all construction contracts in Queensland, it establishes new offenses for principals and contractors who fail to pay certified or adjudicated amounts by the due date, with penalties of up to $13,345 for individuals and $66
Financing Programs for Energy Efficiency: Utility RolesHarcourtBrownEF
This document discusses various approaches to designing energy efficiency financing programs. It notes that traditional rebates may not be the most cost-effective approach and that leveraging private capital through financing could be more effective if designed well. It then outlines different models for financing programs, including who provides the capital, types of credit enhancements, the role of utilities, and examples of programs using these approaches. The key is finding flexible capital that can be used to make loans more accessible while managing risks.
Three social studies teachers at the middle school worked on curriculum development during a professional development day while students had the day off for Martin Luther King Jr. Day. Hawkeye Community College is asking voters in 22 school districts to approve a $25 million bond to fund expansions and renovations at several of its facilities over the next 20 years in order to address workforce development needs. The Neighborhood Closet store in Waverly has expanded its space and merchandise selection after experiencing growth in its furniture and mattress business.
Three social studies teachers at the middle school worked on curriculum development during a professional development day while students had the day off for Martin Luther King Jr. Day. Hawkeye Community College is asking voters in 22 school districts to approve a $25 million bond to fund expansions and renovations at the college over the next 20 years. The bond would replace outdated facilities and allow the college to continue job training programs. If approved, the average homeowner would pay $1.10 more per month for every $100,000 of home value.
The document discusses funding options for transportation facility and high school capital projects in Gloucester County, finding that financing through the Virginia Public School Authority program would save an estimated $1 million to $700,000 compared to other options like bank loans or county bonds. It also outlines benefits of the VPSA program including lower administrative burden and maintaining high credit ratings. Alternative construction methods beyond the traditional design-bid-build approach are now allowed for projects under $10 million with county board approval.
Cate Street Capital officials updated the Millinocket Town Council on changes to the Thermogen Industries advanced biofuel manufacturing facility project. They said the technology was changing from a microwave process to a steam-thermal one, allowing for greater production capacity and more jobs initially. They also promised to pay outstanding municipal taxes owed by Great Northern Paper when the $25 million loan from FAME closes, expected in late May. Separately, the IRS filed tax liens totaling $2.49 million against Great Northern Paper for unpaid 2012 corporate income taxes.
- The Metropolitan Government of Nashville and Davidson County plans to issue $66.7 million in bonds to finance construction of a new steam and chilled water facility to replace its existing district energy system.
- The existing system required increasing subsidies from the city, reaching $11.6 million in 2001. The new facility will be built and operated by Constellation Energy Systems under a fixed-cost contract, with construction guarantees from its parent company.
- Bond proceeds will finance construction of the new facility and upgrades to the distribution system. The project aims to eliminate the need for city subsidies by providing heating and cooling services at lower costs through greater efficiency.
More than 5,800 bills were filed in the 83rd Texas Legislature, with 1,437 bills passing and 26 bills being vetoed by Governor Perry. The legislature addressed issues including education, elections, open meetings/records, taxes, water, and transparency. A special session was called to address redistricting, but other issues like abortion and transportation funding were not resolved within the 30 day limit. Governor Perry then called a second special session to continue addressing these unfinished issues.
1. COUNCIL PROCEEDINGS
CITY OF VIRGINIA, MINNESOTA, FEBRUARY 8, 2005
Special meeting of the City Council of the City of Virginia, Minnesota, and the Hospital
Commission was called to order by Mayor Luoma Gentilini at 4:00 P.M. in the Council Chambers, City
Hall.
Roll Call:
City Council:
Present: Councillors Raplinger, Lind, Baranzelli, Lindberg, Politano, Mayor Luoma Gentilini – 6
Absent: Councillor Peterson – 1
Hospital Commission:
Present: Commissioners Lindberg, Teasck, Smith, Grahek, Wallin - 5
Absent: Commissioners Beste, Brinkman – 2
Also Present: Gary Lishinski, SMDC; Bob Thistle, Springsted; Kennedy & Graven - Ben Johnson, Steve
Bubul; Jim Romsaas, Mesabi Daily News; John Gerzina, Damberg, Scott, Gerzina,
Wagner; Steve Trudeau, Kraus-Anderson Construction; Hank Tamminen, Iron Range
Rehab Center; Keith Harvey, VRMC; City of Virginia - John Tourville, Bill Hennis, Ron
Lackner, Tom Butorac, Lois Roskoski
Mayor Luoma Gentilini stated the purpose of the meeting was to discuss the 2004 Medical
Facilities Redevelopment Project, including the sublease agreement, bonding and parking lot. This
bonding of $1.4-$1.6 million will be split between the City Council and Hospital Commission.
Gary Lishinski, St. Mary’s/Duluth Clinic (SMDC), gave an overview of the project, which is to
replace the current Virginia clinic with an 80,773 sq. ft. four-level facility on the west end of the Virginia
Regional Medical Center (VRMC) campus. The facility will be connected to the VRMC with a 320’
tunnel. The new clinic will be built by the Housing and Redevelopment Authority, according to SMDC’s
specifications. A $16.5 million project fund will be established to cover the cost of the building,
equipment and fifty-percent of the tunnel. Kraus-Anderson will be the construction manager for the
project. The City of Virginia will award the contracts, based on the competitive bidding process. Upon
completion, the facility will be leased to the City of Virginia, with the City subletting the building to
SMDC. SMDC will enter into twenty-year operating lease to use the facility, tunnel and parking lot.
During the term of the lease, the SMDC lease payments will offset the debt service payments that become
due. The new facility will accommodate an additional eleven providers, who will join the twenty
physicians and ten mid-level providers currently based in Virginia by SMDC. Three physician contracts
have already been secured and one contract is pending, so SMDC is making progress toward meeting
their goal. SMDC has agreed to not compete with services currently provided on the VRMC campus,
including physical or occupational therapy, MRI or CT scans, or the Ambulatory Surgery Center. SMDC
will have an option to purchase the new clinic facility, but the City will always retain ownership of the
land. Construction is planned to begin in mid-March and SMDC is planning to occupy the new clinic by
May 22, 2006.
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2. John Gerzina, Damberg, Scott, Gerzina, Wagner Architects, stated a study is in progress to locate
a permanent helipad on the existing hospital roof. A new two-tiered parking lot will be constructed West
of the SMDC clinic. The area between the VRMC and the new SMDC facility will be totally rebuilt and
reconfigured, which will add 77 additional parking spaces. An addition will also be built onto the 1938
portion of the VRMC building to house the Iron Range Rehab Center.
Tom Teasck, Hospital Commissioner, stated construction of the parking areas is estimated at $1.6
million, which is to be split equally between the City and VRMC. He does not feel the hospital should
commit funds for the parking, as the VRMC will only gain 77 new parking spaces. Also, the VRMC has
already put $530,000 into the project and the hospital is looking at a sizable loss of funds this year. If this
project goes forward, Mr. Teasck stated the City should fund the entire deal or the Hospital should pay
$154,000 ($2,000 for each parking space).
Mr. Gerzina stated there are areas on the site where a parking ramp could be built in the future to
accommodate additional parking needs, if necessary, and the ramp could possibly tie right into the tunnel.
Bob Thistle, Springsted, stated the City Council will be asked to approve the first financing
portion at their meeting to be held later in the day. The sale of the $2,455,000 G.O. Bonds would be used
to finance the parking lots and subterranean concourse for the clinic facility project, and refinance the
1997A bonds that were issued to relocate a portion of the golf course. The refinancing would have a
possible savings of $50,000 in future interest costs. The recommended bonds will be awarded on
February 22, 2005. $1,640,000 would be used to fund the parking, infrastructure, fifty-percent of the
subterranean concourse and bond issuance costs, with the remaining funds of $815,000 to be used to
refund the 1997A bonds.
Charlie Baribeau stated the City of Virginia should absorb the total costs of the bonds and set up
an agreement that would allow the VRMC to repay the City when the project generates revenue from the
project, due to the current financial deficits at the hospital. Ronald Lackner, City Clerk/Finance Director,
stated the documents include a fifty/fifty split between the City and VRMC and any changes in the
agreement at this time would delay the bond sale. Bond payments will not start until 2006 and the VRMC
feels their financial condition should improve during the second half of 2005. Mr. Thistle stated he is
anticipating the G.O. bond proceeds will be available in mid-March. The total bond issue will be
approximately $20,000,000, with $16,500,000 needed to fund the facility construction. The balance of
$3,500,000 will be used for a debt service fund (one year’s payments) for the revenue bonds, issuance
costs and capitalized interest for the first year of the bonds. The interest rate for the G.O. bonds is
estimated to be 3.7% and the lease revenue bonds will have a higher interest rate. The possibility of
purchasing bond insurance to take the risk out of the equation and to get a better interest rate will also be
looked at.
Tom Butorac, City Attorney, stated copies of the sublease were previously distributed to the
Hospital Commission and City Council. SMDC has reviewed the lease, but there are a few minor
outstanding items that still need to be addressed.
Ben Johnson, Kennedy and Graven, stated the operating sublease includes reimbursement of costs
and bond provisions. The sublease will be refined over the next three months, while going through the
financing issues. We are also waiting for final comments from SMDC’s independent auditor. If SMDC
decided to purchase the facility, they would be required to pay fair market value for the building. If the
building is worth less that the outstanding bonds, they would be required to pay off the bonds.
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3. Steve Bubul, Kennedy and Graven, stated the bonds will be issued by the Housing and
Redevelopment Authority (HRA). The HRA will own the building and have a lease/purchase agreement
with the City of Virginia. Due to federal law, the City must fund the additional issuance costs above 2%,
which will amount between $250,000 and $300,000. The City will be repaid the additional costs with
rent payments from SMDC. Also, the City will make provisions to place approximately $150,000 per
year in a maintenance fund for a period of ten years beginning in year eleven, which would build up to
$1.5 million (one year’s debt service). The operation and maintenance fund would be held as additional
security, as the lease will end in 19-20 years, but the bonds will be over a twenty-five year period. This
money would be available to pay debt service on the bonds, if necessary, or to do improvements on the
building when the sublease expires. The fund would come back to the City is it is not utilized.
Mr. Johnson stated a non-compete clause is included in the agreement and SMDC will be
prohibited from providing services that are currently offered by the VRMC. If SMDC authorizes their
purchase option, there would still be a declaration of restrictive covenants and the City would continue to
own the land. The City is the only one that could agree to remove the restriction. City Attorney Butorac
stated the sublease will be brought back to the City Council once the agreement is finalized.
Keith Harvey, Administrator, Virginia Regional Medical Center, reviewed the term sheet for the
regional heart center. Cardiovascular disease is prevalent in the community and, currently, a limited
amount of care is provided at the VRMC. The proposed heart center would be a collaboration between
VRMC and SMDC. The heart center would be a department of VRMC and a management committee,
composed of VRMC and SMDC leadership, would oversee the center. The credentials would be
consistent with SMDC, which is a top one hundred heart hospital. The net income would be split between
VRMC and SMDC.
Hospital Commissioner Grahek stated he would like time lines established for the term sheet for
the heart center. Administrator Harvey agreed to identify timelines for the heart program.
Charlie Baribeau questioned who would be responsible for errors/omissions insurance and
Administrator Harvey stated this is being addressed in the agreement.
Shelly Lindberg, Hospital Commission President, presented a resolution approving the issuance of
the General Obligation Bonds to finance the infrastructure for the clinic project.
Moved by Lindberg and supported by Wallin to adopt Resolution No. 5460, approving the
issuance of approximately $2,455,000 General Obligation Public Improvement and Refunding Bonds,
Series 2005A Bonds, to finance the infrastructure for the medical clinic facility on the VRMC campus.
Ayes: Commissioners Lindberg, Wallin, Grahek, Smith – 4
Nays: Commissioner Teasck – 1
Resolution adopted.
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4. Mr. Bubul stated the City Council will also consider the same resolution at the Council meeting to
be held later today and other project issues will be presented at a later date.
Moved by Lindberg and supported to adjourn the meeting at 5:20 P.M. Motion carried.
CAROLYN LUOMA GENTILINI
Mayor
(CORPORATE SEAL)
LOIS ROSKOSKI
Deputy City Clerk
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