---
date: 1992-05-28
title: May 28, 1992 Minutes
source: 1992-05/1992-05-28_May 28, 1992_Minutes.pdf
pages: 1
---

May 28, 1992

CITY OF STOCKBRIDGE
HENRY COUNTY, GEORGIA MAY 28, 1992

Motion to convene was made by G. W. Evans, seconded by F. J. Hunter and passed unanimously.

The special meeting of the Stockbridge City Council was held May 28, 1992 at 6:15 p.m. with Mayor Kelley
presiding and members present were Harold Cochran, G. W. Evans, W. A. Gardner, F. J. Hunter and Ronnie
Simmons.

Mayor Kelley informed Council that A. J. Welch, City Attorney, has setup a closing date, May 29, 1992 for
property being purchased by the City of Stockbridge from Nancy Bryans at 4545 North Henry Boulevard.
The amount needed at closing is $200,000.00. $100,000.00 will be taken from the City's General Fund
Savings. It will be necessary to arrange interim financing with First State Bank. First State Bank has agreed
to loan the City $100,000.00 for 90 days at an interest rate of 5.2%. This loan will be repaid with tax
anticipation revenue. Also, a separate resolution to authorize reimbursement of the City's funds pursuant to
Treasury Regulation Section 1.103-18(F) for reimbursement of the City's funds expended on the new City
Hall project.

Mayor Kelley advised Council that a mistake was made in the minutes of City Council Meeting dated April
13, 1992. The minutes should be changed to read: Regarding the development of Willow Springs
Subdivision, the Council agreed to appropriate $10,000.00 toward the sewer facility improvements planned
by the developer. This sum to be paid at the end of sewer construction. Motion was made by Ronnie
Simmons to amend minutes, seconded by G. W. Evans and passed unanimously.

Motion to adjourn was made by Harold Cochran, seconded by G. W. Evans and passed unanimously.

Respectfully submitted,

Merle Manders R. G. Kelley
City Clerk Mayor
