tldrgov

Bd. of Governors of Penfield Apartments, LLC

Wednesday, October 12, 2016 · 3:00 PM AM · Council Chambers, City Hall

TL;DR

The Board of Governors of Penfield Apartments, LLC held a meeting to approve the sale of Penfield Apartments and related legal actions. The resolution to distribute net sales proceeds and terminate the development agreement was unanimously adopted.

Key Decisions

  • Sale of Penfield Apartments and Distribution of Net Proceeds Passed
  • Termination of Development Agreement Passed
Agenda PDF Minutes PDF

Agenda

  1. Governor Voting The reader calls the names of all Governors. A vote in favor is cast by remaining silent, and a vote against is cast by saying no or nay. When the voting is complete, the reader will state whether the motion passed or failed.
  2. ROLL CALL
  3. FOR DISCUSSION
  4. 1 Resolution of the Penfield Apartments LLC Board of Governors Approving and Authorizing Distributions of Net Sales Proceeds From the Sale of the Penfield Apartments, Execution of Termination of Development Agreement, and Other Actions, District 17, Ward 2.
    Resolution
    Action: Adopted Passed

    Moved by Governor Stark, Resolution is Adopted.

  5. 5 ADJOURNMENT
    Action: Adjourned Passed

    Moved by Governor Stark, Board of Governors of Penfield Apartments, LLC Meeting is Adjourned.