The Ellis County Press: Tax exempt financing approved

Tax exempt financing approved
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Editor on 02/05/2009 11:25:00


NICOLE MONK
The Ellis County Press
WAXAHACHIE- Tax exempt financing by the Milford Higher Education Facilities
Corporation for the benefit of Southwestern Assemblies of God University was
passed 4-1 on at Monday's city council meeting with Buck Jordan abstaining.
"This is a law mechanism that allows for tax exempt bonds for higher education,"
said Jay Trewern, head of accounting at SAGU.
A joint election between the city and the Waxahachie Independent School District
was discussed. The agreement for the joint election passed unanimously and is
set for May 9. At the election voters will elect both members of the school
districts board of trustees and the citys council members.
In other business, a variance by Your Beauty Supply and More II for beer and
wine retailers off-premise permits was debated.
It was denied with prejudice on a 4-1 vote with the option to come back in six
months for reconsideration.