The revised Official Action / Final Approval regarding a proposed $360,000,000 bond issuance on behalf of Dana-Farber Cancer Institute, Inc. Copies of the memorandum and vote for this matter were provided to the Board members with the May board materials; an additional copy with the date changed to date today’s was provided at this meeting. Bond Transaction The Vice Chair then asked if there were any recusals on the bond vote, and there were none. The Vice Chair advised that the Board would vote on the approval and findings for the matter below, to be considered following the opportunity for discussion, pursuant to Section 8 of Chapter 23G of the General Laws, as amended. Official Action / Final Approval Project without Volume Cap Request 1. Mr. Chilton reminded everyone of this request for a bond issuance to finance, among other things, the acquisition, expansion, and renovation by Dana-Farber Cancer Institute, Inc. of premises at the Longwood Center, Boston. With no questions or discussion, the Vice Chair asked for a vote and, upon motion duly made and seconded, it was VOTED: That the Board of Directors of MassDevelopment approves and adopts the revised resolution dated May 31, 2016, attached and part of these minutes regarding: a project of Dana-Farber Cancer Institute, Inc., in Boston, Massachusetts, for the issuance of 501(c)(3) Tax-Exempt Bonds to finance such project in an amount not to exceed $360,000,000. There being no further business before the Board, upon motion duly made and seconded, the meeting was adjourned at 11:13 a.m.
The revised Official Action / Final Approval regarding a proposed $360,000,000 bond issuance on behalf of Dana-Farber Cancer Institute, Inc. Copies of the memorandum and vote for this matter were provided to the Board members with the May board materials; an additional copy with the date changed to today’s date was provided at this meeting. Bond Transaction The Vice Chair then asked if there were any recusals on the bond vote, and there were none. The Vice Chair advised that the Board would vote on the approval and findings for the matter below, to be considered following the opportunity for discussion, pursuant to Section 8 of Chapter 23G of the General Laws, as amended. Official Action / Final Approval Project without Volume Cap Request 1. Mr. Chilton reminded everyone of this request for a bond issuance to finance, among other things, the acquisition, expansion, and renovation by Dana-Farber Cancer Institute, Inc. of premises at the Longwood Center, Boston. With no questions or discussion, the Vice Chair asked for a vote and, upon motion duly made and seconded, it was VOTED: That the Board of Directors of MassDevelopment approves and adopts the revised resolution dated May 31, 2016, attached and part of these minutes regarding: a project of Dana-Farber Cancer Institute, Inc., in Boston, Massachusetts, for the issuance of 501(c)(3) Tax-Exempt Bonds to finance such project in an amount not to exceed $360,000,000. There being no further business before the Board, upon motion duly made and seconded, the meeting was adjourned at 11:13 a.m.
05312016_BoardMinutes.docx