Sneak Peek: June 18 City Council Agenda
Here's the City Council agenda for Monday, June 18.
Photos
Here's the Smyrna City Council agenda for the meeting Monday, June 18. Meetings begin at 7:30 p.m. at Smyrna City Hall. The meeting will be held at 7:30 p.m. at City Hall. Watch the meeting live on TV19, the Cobb County government access channel.
1. Invocation - Pastor Alan Scott - Cumberland Community Church
2. Agenda Changes:
3. Mayor's Report:
(A) Recognition of the placement of the Taylor-Brawner House and Brawner Hall on the National Register of Historic Places
4. Land Issues/Zonings/Annexations: Please limit speaking time for citizens’ input related to the following land issues/zonings/annexations to five minutes.
5. Privilege Licenses:
6. Formal Business:
(A) Adoption of FY 2013 Budget Tabled from June 4, 2012 Meeting (MP for TA)
(B) Approval of Resolution R2012-06 extending the emergency 911 surcharge (MP for TA)
(C) Renewal of Suntrust Corporate Resolution R2012-05 and Certificate of Incumbency (MP for TA)
(D) Request granting of aerial easement for Consultinvest Inc across the right of way of Highlands Parkway and Mayor to sign and execute any related documents (CW)
(E) Approval of Ordinance 2012-13 suspending until August 20, 2012 all sections mandating use of electronic records of Article III, Chapter 22, Pawnbrokes, City of Smyrna Code of Ordinances (RF)
(F) Appointment of member to Cobb County-Marietta Water Authority (MP for TA)
7. Commercial Building Permits:
8. Consent Agenda:
(A) Approval of June 4, 2012 Mayor and Council Meeting Minutes
(B) Award RFQ 12 035 Woodland Terrace Drainage Improvements to the lowest bidder meeting
specifications D & H Construction for $55,880.00 and authorize the Mayor to sign and execute any related documents
(C) Award RFQ 12 036 Poplar Creek Drainage Improvements to the lowest bidder meeting specifications K M Davis Contracting Co for $31,582.50 and authorize the Mayor to sign and execute any related documents
(D) Approval for Smyrna Food Truck Tuesdays at Taylor-Brawner Park
(E) FY 2012 Budget Amendment for the General Fund
(F) Approval to accept application as filed from DukeNet Communications LLC (State License) for City right of way and Mayor to sign and execute related Memorandum of Understanding between City of Smyrna and DukeNet Communications LLLC
9. Committee Reports:
10. Show Cause Hearings:
11. Citizen Input Please limit speaking time for public comment to three minutes.
12. Adjournment
Brian
6:07 pm on Friday, June 15, 2012
What's the Glock thing? Consultinvest is Glock.
(D) Request granting of aerial easement for Consultinvest Inc across the right of way of Highlands Parkway and Mayor to sign and execute any related documents (CW)
Sydney Busby
6:37 pm on Friday, June 15, 2012
Good question, Brian. I didn't get a chance to call City Hall about issue sheets before 5, but I'll be looking into it Monday morning.
Neal Dow
11:06 pm on Saturday, June 16, 2012
Security Exchange Bank in Marietta went bankrupt.
http://www.securityexchangebank.com/
Board members of the bank are Max Bacon (Mayor), Scott Cochran (City Attorney) and Larry Freeman (Smyrna Downtown Development Authority).
Bacon has no experience in banking. Several years it was revealed that $100K of HUD money sat in that bank for four years collecting interest. Bacon is on record stating that he had no knowledge of it.
Neal Dow
11:09 pm on Saturday, June 16, 2012
Marietta bank shuttered The Associated Press 06/16/12 WASHINGTON —
Federal regulators have seized 3 banks, one each in Florida, Georgia and Tennessee, bringing to 31 the number of U.S. banks that have failed so far this year.
The Federal Deposit Insurance Corp. said Friday that it closed Putnam State Bank in Palatka, Fla., Security Exchange Bank in Marietta and The Farmers Bank of Lynchburg, in Lynchburg, Tenn.
The FDIC lined up other lenders to assume the deposits and assets of each of the banks.
Regulators estimate that the failure of the three banks will cost the insurance fund $100 million.
Fidelity Bank, based in Atlanta, agreed to assume Security Exchange Bank’s assets and essentially all of its deposits, the FDIC said. As of March 31, Security Exchange Bank had $147.9 million in deposits and $151 million in assets. Its two branches will reopen on Monday as Fidelity Bank locations.
The FDIC said it entered into a loss-share transaction with Fidelity Bank on $102.8 million of Security Exchange Bank’s assets. Putnam State Bank, which had three branches, had about $169.5 million in assets and $160 million in deposits as of March 31.
Oscar G.
2:14 am on Sunday, June 17, 2012
I'm sorry, What?
Do you mean to tell us that mayor, the city's attorney, and a member of the bond wielding DDA were board members of a bank that Federal Regulators have SEIZED?
And we are supposed to trust these people to run Smyrna?
REALLY? This is outrageous! Now I'm mad! We're talking millions of dollars here, this isn't Monopoly money!
I don't want to hear one word about what a great job they're doing and how one has nothing to do with the other. It's time to start taking long, hard looks at how business is being conducted by these very people in the name of Smyrna, GA. Outrageous!
R. Anderson
9:09 am on Sunday, June 17, 2012
Oscar G. this is just the tip of the iceberg. The least that could be said of Smyrna GA is that it's incestuous the most that could be said is that it's corrupt. I keep waiting for this house of cards to fall.
R. Anderson
9:27 am on Sunday, June 17, 2012
This bank opened in April 2000. Smyrna's downtown was financed through this bank 2001-2003. In 2012 the bank is siezed.
Larry Freeman (smyrna downtown development authority) is chairman of the bank.
http://www.fdic.gov/bank/individual/failed/securityexchange.html
Oscar G.
2:56 pm on Sunday, June 17, 2012
Okay.
Well the question begs to be asked, what, if any, projects were funneled through this bank by the DDA, and the next question is, whom, if any, of these men, were involved with the bank at that time? And, were they holding their current city positions at that time as well?
Was there a conflict of interest? Or any sort of measure in appearance of impropriety?
This is what I'd like to know.
K. Davis
10:06 am on Sunday, June 17, 2012
Freeman is chairman of SEB Bancorp Inc.Security Exchange Bank's holding company. SEB Bancorp owns the bank's outstanding stock and reduces its risk.
The question is did this bank open with the sole purpose of financing Smyrna's downtown revitalization and government buildings.
Lissa K.
1:41 pm on Sunday, June 17, 2012
It looks like you have $102 million worth of outrage Oscar. That was what the SEB lost under the watch of the mayor, city attorney, and a member of the SDDA.
Ha! It's like having Larry, Darryl, and the other brother Darryl overseeing millions of dollars. Putting any money in the care of anyone associated with Smyrna Georgia is not a bright idea. It has the worst reputation for fiscal resopnsibility.
K. Davis
9:46 am on Tuesday, June 26, 2012
More on the failed Security Exchange Bank.
Dwight Brown the former head of the Cobb EMC who was indicted on 35 felony criminal counts was on the BOD.
Why was this zombie bank allowed to continue to operate?
The equity on loans was down 131%.