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2014/12/24 Council Minutes
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2014/12/24 Council Minutes
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Council Minutes
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12/24/2014
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December 24, 2014 <br /> AYES: Roberts, Moore, Murphy, Gipson, Bader, Stonecipher, <br /> Tuohy <br /> NAYS: None <br /> Ordinance No. 3420-14 adopted. <br /> ACTION ITEMS: <br /> NEW MARKET TAX CREDITS — CLOSE LOANS #4, #5, AND #6 <br /> Moved by Council Member Bader, seconded by Council Member <br /> Tuohy, to authorize the Mayor on behalf of City of Everett CDE LLC <br /> and its subsidiaries to take all actions and execute all documents <br /> necessary to close New Market's Tax Credit Loan #4, Loan #5, and <br /> Loan #6. <br /> Council Member Murphy recused himself from participating in any <br /> discussion and decision making involving this round of the new market's <br /> tax credit projects. He stated that he is employed by and has an <br /> ownership interest in Goldfinch Brothers Inc. This entity is not seeking a <br /> loan but its sister company, Goldfinch Properties LLC, in which he has no <br /> affiliation, is an applicant for a new market's tax credit loan. <br /> Roll was called with all council members voting yes except Council <br /> Member Murphy who was recused. <br /> Motion carried. <br /> AGREEMENT AMENDED — CONSULTING SERVICES/LEGISLATIVE <br /> MATTERS <br /> Moved by Council Member Roberts, seconded by Council Member <br /> Bader, to authorize the Mayor to sign Amendment No. 1 to the <br /> Professional Services Agreement with Outcomes by Levy, LLC to <br /> provide consulting services on legislative matters primarily at the <br /> state and regional levels, in the amount of$73,057.00. <br /> 376 <br />
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