|Date/Time: 6/18/2020 -- 10:00 AM|
Dial in information
Access Code: 977-466-181
|Purpose: Regular monthly meeting. The board will also consider and take action on matters including but not limited to the following: (1) a Resolution authorizing Macys Logistics, LLC to grant a deed of trust lien on its leasehold estate in certain real property located in Martinsburg, Berkeley County, West Virginia, leased from the West Virginia Economic Development Authority pursuant to that certain lease agreement dated June 21, 2012 by and between the West Virginia Economic Development Authority, as Lessor, and Macys Logistics, LLC, as Lessee, in favor of the Deed of Trust Trustee named therein for the benefit of U.S. Bank, National Association, as Trustee and Collateral Trustee, to secure certain obligations of Macys, Inc. and other parties guaranteeing such obligations, and authorizing the Chairman or other designated officers of the Authority to execute and deliver such related documents, certificates or instruments that such authorized officer deems necessary or desirable in connection therewith and to take such actions as may be necessary, convenient, desirable or proper in connection therewith; (2) a Resolution authorizing certain technical amendments to existing bond documents relating to the Authoritys previously authorized $16,000,000 West Virginia Economic Development Authority Lease Revenue Bonds (Hino Motors Manufacturing U.S.A., Inc. Project) Series 20008 (2008 Bonds) and $25,000,000 West Virginia Economic Development Authority Lease Revenue Bonds (Hino Motors Manufacturing U.S.A., Inc. Project) Series 2017 (2017 Bonds) (collectively, Bond Documents), such amendments to include, without limitation, amendments (A) to add and confirm additional location (at the site of former Clearwater Creek Facility in Wood County, West Virginia), (B) to clarify, ratify, approve and confirm processes and procedures for replacing worn out and or obsolescent plant machinery and equipment and personal property with new and/or replacement machinery and equipment and personal property, to clarify bond redemption provisions, and (C) to make such other technical and/or clarifying amendments to such documents as Bond Counsel (Bowles Rice LLP) and Authority Counsel (Spilman Thomas & Battle PLLC) determine to be necessary or appropriate (subject to such approval of bondholders of the 2008 Bonds and the 2017 Bonds, as may be required under said Bond Documents)|
To promote and protect the safety of both the public and the Authoritys staff in light of the COVID-19 pandemic, in lieu of physical presence by the public, attendance will be solely by telephone. All those wishing to participate may call 1-571-317-3122, Access Code: 977-466-181.
|Meeting was approved : 6/11/2020 1:27:08 PM|