pages: Acworth, Acworth Lake Authority, 2014-04-07, 2, 2da4c52375bca7428173e9652a536f0680cd852d22d422f944e7d7c4effb9c06
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| municipality | body | date | page | text | checksum |
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| Acworth | Acworth Lake Authority | 2014-04-07 | 2 | Regular Meeting Monday, April 7, 2014 at 12:00 PM Logan Farm Park RESULT: ADOPTED [UNANIMOUS] MOVER: Drew Arnold SECONDER: Red Walker AYES: Drew Arnold, Lew Oswald, Red Walker, Steve Prather ABSENT: Tommy Allegood 2. Motion to: Approve the 2015 Proposed Budget RESULT: ADOPTED [UNANIMOUS] MOVER: Lew Oswald SECONDER: Drew Arnold AYES: Drew Arnold, Lew Oswald, Red Walker, Steve Prather ABSENT: Tommy Allegood VI. NEW BUSINESS A. Acworth Sports Complex Sublease Mr. Albright reminded the members that in 2004, the Downtown Development Authority issued bonds for the construction of the Acworth Sports Complex and City Hall. The DDA recently refinanced those bonds creating approximately $30,000 in annual savings. Through the process, the attorneys for the bond issuer requested that the DDA have some type of ownership in the Sports Complex. Currently the lease goes from the U.S. Army Corps of Engineers, to the Lake Authority, to the City. The request is that the lease go from the Corps, to the Lake Authority, to the DDA, then to the city. This process would satisfy the bond issuer’s request. iL. Motion to: Authorize the Chairman and Secretary to execute sublease for the Acworth Sports Complex between the Acworth Lake Authority and the Acworth Downtown Development Authority subject to final City Attorney and City Manager Approval. RESULT: ADOPTED [UNANIMOUS] MOVER: Lew Oswald SECONDER: Drew Arnold AYES: Drew Arnold, Lew Oswald, Red Walker, Steve Prather ABSENT: Tommy Allegood B. Next Meeting Date - May 5, 2014 Mr. Albright reported that the next meeting date will be on May 5, 2014 and reminded the members that the Corps of Engineers would be visiting that day. Vil. PUBLIC COMMENT There were none. The public may address the board on any matter during public comments. Individual’s comments will be limited to five minutes. 3|Pa | 2da4c52375bca7428173e9652a536f0680cd852d22d422f944e7d7c4effb9c06 |