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• <br />LA PORTE AREA WATER AUTHQRITY <br />MINUTES <br />MARCH 13, 1990 <br />1. The meeting was called to order at 6:00 P.M. by President <br />Jerry Bramlett. <br />MEMBERS PRESENT: President Jerry Bramlett, Secretary Claude <br />Graves, and Member Mike Wadsworth <br />MEMBERS ABSENT: Vice President Rick Matthews <br />OTHERS PRESENT: Bob Herrera, City Manager; Steve Gillett, <br />Director of Public Works; Buddy Jacobs, Assistant Director <br />of Public Works; Jeff Litchfield, Director of Finance; Dale <br />Conger, Espey, Huston & Associates, Inc.; Bud Geistner and <br />Brenda Justice of KPMG Peat Marwick. <br />2. The minutes from the February 13, 1990 regular meeting were <br />read. Motion was made by Member Mike Wadsworth and seconded <br />by Secretary Claude Graves to approve the minutes as <br />presented. Motion was unanimous. <br />3. Motion was made by Secretary Claude Graves and seconded by <br />Member Mike Wadsworth to approve payment of Espey, Huston & <br />Associates, Inc. invoice in the amount of Three Thousand Six <br />Hundred Thirty-Four Dollars and Seventy-Eight Cents <br />($3,634.78). Steve Gillett discussed the invoice and stated <br />that the Project Representative line item has only $4,458.15 <br />remaining, and may require additional authorization if final <br />completion of SEWPP and LPAWA startup is further delayed. <br />Motion was unanimous. <br />4. Bud Geistner of KPMG Peat Marwick discussed the annual audit <br />of the La Porte Area Water Authority financial statements. <br />The statements meet all requirements of the Texas Water <br />Commission. He :Mated no material weakness of the <br />Authority's books and records were found. Motion was made <br />by Mike Wadsworth and seconded by Claude Graves to approve <br />audit as presented. Motion was unanimous. <br />5. Agenda item #6 was next discussed at the request of the <br />General Manager. Jeff Litchfield discussed arbitrage and <br />accounting practices on investments. Jeff answered various <br />questions from the Board, and provided detailed information <br />on cash transactions on the part of the LPAWA. <br />General Manager Bob Herrera submitted a resignation letter <br />received from Vice-President Rick Matthews. <br />