10-29-1997 Authority MeetingDOWNTOWN DEVELOPMENT AUTHORITY MEETING
OCTOBER 29, 1997
Present: Mayor A. Max Bacon, Chairman Steve Shupert
Jim Pitts Willouise Spivey
Doug Stoner Howard Smith
Harold Smith Claudia Edgar
Gordon Mortin
Mayor Bacon stated he would like the members of the Downtown Development
Authority to hear a presentation from Gordon Mortin concerning the proposed
refinancing of the DDA Revenue Bonds. Following Mr. Mortin's presentation, Steve
Shupert made a motion to authorize issuance of the bonds as described in the pricing
book (attached) and the sale of the bonds to Knox -Wall and Company, a division of
Morgan & Keegan Company, Inc., in accordance with the terms set forth in the pricing
book attached. Doug Stoner seconded the motion. Motion was approved unanimously.
There being no further business, the meeting was adjourned.
A. Max Bacon, Mayor/Chairman
C. J. Fouts
Willouise Spivey
Steve Shupert
Hubert Black
Jim Pitts
Ji y Wilson
Dou Sto r