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Special session: Housing progress slow
In a rare moment of efficiency, the Mississippi Legislature made short work of the Oct. 5 special session and passed a tax break on modular homes with little disagreement. The Mississippi House still wants to pass legislation enacting a state housing grant program as it did during the first 2006 special session, but Gov. Haley Barbour's opposition to that was strong enough in the state Senate to render the move moot. Clearly, the House wanted accountability for the modular housing tax break. The Senate bill included accountability with a provision that sellers will be forced to disclose the amount of sales tax charged to the buyer. The modular housing tax break was needed to help get Hurricane Katrina victims out of FEMA trailers and into more permanent housing. Barbour's opposition to the state getting into the housing grant business, as the House leadership has urged, has prevailed so far.
Audit flags school co-op’s contractor accord
After testifying before the Legislature's Joint Performance Review Committee, Young declined to comment about whether he violated the ethics laws. He told lawmakers that he is paid $ 95, 000 a year as director of the cooperative, where he has worked several years. Young said he thought it would be appropriate for Arch Ford to issue the cell phone and credit card to his daughter because the expenses would be reimbursed to Arch Ford, but Arch Ford's board of directors wasn't aware of the arrangement. He said he recommended that his daughter take the job and recommended that the Texas cooperative hire her. Williams said the audit has been referred to Tom Tatum, prosecuting attorney in the 15 th Judicial District. Tatum said later that he recently received a copy of the audit but hasn't taken any action yet.
Daycare center hits a snag
MAGALIA -- Opening a daycare center in Magalia seemed like a good idea to some people, but members of the Paradise Pines Property Owners Association have other things to say about it. Property owner Larry Biegler and Pee Wee Preschool owner Mary Ann Cleary have been working on plans to open a center at 6260 Ponderosa Way to serve up to 80 children, at a location that was once a drug and alcohol rehabilitation home. The facility would be the first center-based child care available in Magalia. At a meeting Tuesday, the POA board of directors plans to review the request to operate a business in the area, where the association's code prohibits commercial use. But POA general manager Richard Alloway said the main issue is a fence the property owners began constructing that doesn't meet the 20-foot setback requirement.
Residents: 'Leave things as they are'
More than 10 residents appeared before Eden's City Council on Tuesday to oppose a rezoning request for land near Morgan Ford Road to allow manufactured housing. Council sided with the residents and denied the rezoning. Benny Sexton, who lives on Pitcher Avenue near the property up for rezoning, showed council photos of lots near the Morgan Ford Road property that are zoned R-4, the designation sought by the owner of the Morgan Ford Road property. "This is what R-4 brings to your neighborhood," Sexton said. "We definitely don't want it." Sexton said that he and other residents of Carolina Heights have no objections to modular homes. However, R-4 allows for manufactured homes like doublewides, as well as smaller lot sizes. Sexton then produced photos of the Carolina Heights neighborhood, which backs up to the subject property.
Winalta Announces the Closing of a $7.5 Million Private Placement ...
EDMONTON, ALBERTA--(CCNMatthews - Sept. 20, 2006) - Winalta Inc. (TSX VENTURE:WTA.A) ("Winalta" or the "Company") is pleased to announce that effective September 20, 2006, it closed a private placement, on a "commercially reasonable efforts" agency basis, for 5,000,000 subscription receipts of the Company (the "Subscription Receipts") at a price of $1.50 per Subscription Receipt for aggregate gross proceeds of $7,500,000.
The Subscription Receipts were sold to qualified purchasers in reliance upon exemptions from the prospectus requirements of applicable securities legislation and unless permitted under securities legislation, the holder of the Subscription Receipt or the underlying security will not be able to trade his or her security, before January 21, 2007.
Acumen Capital Finance Partners Limited (the "Agent") acted as agent of Winalta in the sale of the Subscription Receipts.
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