Orchard cultural finance board unanimously approves loan agreement with Carter Bloodcare and JPMorgan Chase

At a special meeting on Jan. 10, 2017, the Orchard Cultural Education Facilities Finance Corporation voted unanimously to approve a resolution authorizing a loan agreement among the corporation, Carter Bloodcare and JPMorgan Chase Bank, N.A. Secretary Merry Sue Hajdik made the motion and President Rod Pavlock seconded; the record shows the motion passed without opposition.

The resolution was introduced and passed during a brief meeting that began at 9:00 a.m. in the Council Chambers of Orchard City Hall, 9714 Kibler Street. The meeting minutes record the motion in full: "Merry Sue Hajdik made a motion to pass a resolution to approve a loan agreement among the Corporation, Carter Bloodcare and JPMorgan Chase Bank, N.A. and related matters." The transcript does not specify the loan amount, repayment terms, or additional conditions in the meeting record.

Directors recorded as present for the vote were President Rod Pavlock, Secretary Merry Sue Hajdik and Bill Blitch. The record contains no public comment, staff presentation of loan terms, or discussion of alternatives during the meeting. The meeting adjourned at 9:25 a.m.