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333 <br /> <br />A~St ~14. 1990 <br /> <br />Savings reached its limit as to the amount of'money that it can <br />lend ds a construction loan to its subordinate corporation which <br />~eblo~lde~nndg mtohreeKm~ng~y~oOrSS~e~ cPornOs3~Crut~tioAnS_oafr~eUl~roO~e~,t ~n¢ <br />Aug6s~ 1990, the parent corporation of Home Savings took over <br />the l Kin <br />ind~cat <br />res~. o~s <br />pro~ e~t <br /> <br />assign <br /> <br />auth°I <br />the/Ci <br />adopte <br /> <br /> Crossing project by legal foreclosure.- ~om~ Savings ha <br /> a willingness and desire to assume all of <br /> ilities of the subordinate corporation to complete the <br /> They have requested that the City authorize ~he <br />nt of the project to Home Savings. <br /> <br />~commend that the City Council approve a motio5 <br />ing the City Manager to execute this assignment agreement. <br /> <br />ion of Mr. Hawks and seconded by Mr. King, to authorize <br />Manager to execute the assignment agreement, and was <br />oy the following vote: <br /> <br /> ~: Clemons, Corprew, Epperson, Hawks, <br /> ~: None <br /> <br /> B45 - Councilman Clemons offered the <br />to ~h Dllowing Boards/Commissions: <br /> <br />following nominations <br /> <br /> term of four <br />replacing John H. Epperson. <br /> <br />appointed <br />replacing <br /> <br />an unexpire~ term <br /> <br /> term of three years, <br />ending o~ly 1, 1993, replacing Charles O. Deane. <br /> P~ing Authority <br /> M~ icipal Finance_Commission <br /> Wheelan, to be appointed for a.term of f~ur <br />to 'i~~s~9e~!i~~, Authority, ending July 1, 1994, and to fill years an <br />une~ on the Municipal Finance Commission, end%ng <br />Jul, replacing James E. Bridgeford. <br /> <br /> & Recreation Commission <br /> <br /> ~s Brown, to be appointed for a term of three years, <br /> ]ly 1, 1993, replacing Frederick B. Smith <br /> <br />King, Lucas, Webb <br /> <br /> ~i~liam Hargrove, III to be appointed to a <br />yeals~~em, be/ ~, 1~94, replacing 3oi n <br /> G~aldine Holmes and Frederick Watson, to be <br />for a t~rm of three years, ending June 30, 1993, <br />Madel~~~s~es ~nH~t~ ' <br /> R~ <br /> Rig¼ard Levin, to be appointed to fill a~ <br />ending leb. ruary 1, 1991, replacing David Peck. <br /> ~S B Board of Adjustments & Appeals <br /> S~n Bunn, to be appointed for a <br /> <br /> <br />