Seneca Nation closes deal on $159.5 million in bonds
JIMERSONTOWN -- The Seneca Nation of Indians has closed on the sale of $159.5 million in special obligation bonds issued through its newly created Seneca Nation of Indians Capital Improvements Authority.
"The Seneca Nation's successful gaming operations are continuing to provide benefits to the Seneca people," Seneca President Maurice A. John Sr. said in a statement issued Friday. "The bonds will be used for a variety of long-overdue capital improvement projects," including water, sewer and infrastructure upgrades, recreation facilities and expansion of health clinic and government administration space.
The bond issue is considered one of the largest infrastructure debt transactions done by a Native American government, according to the statement.
New leader named at Homespace Corp.
Homespace Corp., a local nonprofit agency that provides affordable transitional housing and services for homeless, single parents and their children, has appointed a new executive director.
Kim Morris, who joined Homespace as a program manager in 2005, has been named as the agency's new leader to replace the current executive director, Thelma Roberts.
Roberts, who has led the organization since 1996, is retiring in May.
"Kim clearly displayed the passion and leadership we were seeking," Michael Keating, president of the Homespace board of directors, said in a prepared statement.
Roberts, a Buffalo State College graduate who earned her master's in social work from the University at Buffalo, also has worked with KidsPeace National Centers in West Seneca, Berkshire Farm Center and Services for Youth, and Community Services for the Developmentally Disabled.
"I am excited by the challenges that lie before us," Morris said in a prepared statement. "I have no doubt that we can continue to make a difference in the lives of homeless families by giving the opportunities and skills needed to succeed in life."
Lieutenant governors to meet here in 2008
The seconds in command from states all over America will gather in Buffalo next year for the annual meeting of the National Lieutenant Governors Association, Lt. Gov. David A. Paterson announced Friday in Hyatt Regency Buffalo.
Paterson said the group last met in New York State in New York City in 1964 and that he expects the gathering to have a significant economic impact next summer.
"Buffalo's selection as the host city for the NLGA's annual meeting will provide a useful economic boost to the region while exhibiting the city's appeal as a diverse and vital center for tourism and other events of this magnitude," Paterson said.
The association chairman, Michigan Lt. Gov. John Cherry, said the organization selected Buffalo due to the leadership of Paterson and the hospitality of Mayor Byron W. Brown.