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| Volume XXV, Number 7 | May 21, 2004 |
By Shelley Marmor
HOLLYWOOD — The Board of Directors from the Seminole Tribe of Florida, Inc. held a meeting on Tuesday April 20. Jim Talik, Executive Administrator, went through the meeting agenda.
Talik turned it over to Fred Hopkins, the Real Estate Department Director, who spoke about the first two items on the agenda. These items dealt with the approval of two homesite leases, one for Mitchell Buck Osceola and the other for Lawana Osceola Niles, containing cow pasture land on the Brighton Reservation.
Smith explained that in order for the board to approve these leases, Osceola and Niles must install a five-strand barbed wire fences on the respective properties. The board unanimously approved these homesite leases.
The second resolution called for the removal of a 1992 Chevrolet truck that has been abandoned on the Big Cypress reservation. The Seminole Tribe of Florida, Inc. intended to donate the truck back to the community.
The next item the board voted on had to do with an advancement loan program. Bob Maza, Credit & Finance Department Director, said this will help the tribe’s loan program compete with outside banks’ loan programs. Maza said this will benefit the tribe because the interest from loans given by the tribe will go back to the tribe, rather than going to outside sources.
He then spoke about the next resolution, which dealt with the procedures which will happen in the event of the death of a tribal citizen who had taken out a loan. Maza said the best method of dealing with this is to establish a reserve, or an internal fund. The board approved both unanimously.
Next, Travis Trueblood, General Counsel for the Board, asked the board to approve a resolution that will allow for the creation of a state-chartered corporate entity. He said this will help the tribe since, when they attempt to enter into business ventures, companies want to over-charge them. The board approved this unanimously.
Lastly, the board approved a resolution for the purchase of the Lakeport Lodge, a 24-unit building, which includes office space and a 150-person ballroom. The lodge is located in Lakeport, Fla.
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