Laserfiche WebLink
into this other facility, the thing was in the back of my mind, maybe they can do a private <br />placement. <br />DILL: Because it set the precedence, or <br />OKUMOTO: - -Yeah, because they had offered this in the past. <br />DILL: So in terms of a legal opinion like he was asking about, there was no set legal <br />opinion other than the precedence of him offering in the past, private placement? <br />OKUMOTO: Yeah, it's up to the purchaser whether they want to get a rating or not, <br />and Bank of Hawai `i is comfortable enough with our how we run the County, the <br />County management team, our finances that they didn't require us getting a formal <br />rating. <br />DILL: I have some questions for counsel, more procedural questions than anything else. <br />Is there a way to get a motion to go into executive session? <br />BALSIS: So moved. <br />SCHOEN: Your motion has to be specific, so if you want the motion to be for the specific <br />purpose of consulting with the Board's attorney on its procedures, privileges, and <br />BALSIS: - -Yes, that is exactly why we would be going into executive session. That's why <br />I moved. <br />SCHOEN: Thank you. <br />DILL: So, second? <br />HEA UKULANI: Second. <br />DILL: All right, all in favor? <br />DILL, BALSIS, HEAUKULANI (simultaneously): Aye. <br />DILL: Okay, if you guys don't mind just giving us a couple of minutes. <br />10:32 a.m.: The Board left Regular Session <br />10:48 a.m.: The Board returned to Regular Session. <br />DILL: We are currently under New Business, Petition 2011 -07, concerning Section 2 -83, <br />fair treatment, subsection (b), and from Mr. Dan Cole. Do we have a motion regarding <br />this petition? <br />7 <br />