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~ ~ <br />LA PORTE AREA WATER AUTHORITY <br />MINUTES <br />January 23, 1996 <br />Page 2 <br />The General Manager also informed the Board that he and Jeff <br />Litchfield had discussed the feasibility of refinancing <br />Authority debt to take advantage of lower interest rates. He <br />will provide the Board with a position paper outlining the <br />feasibility and probable costs to refinance, as well as <br />potential interest savings. <br />7. There being no further business, motion made by Albert Fields, <br />seconded by James Sweeton to adjourn. The motion was <br />unanimous and the meeting adjourned at 7:25 pm. <br />Al Fields, Secretary/Treasurer <br />PASSED AND APPROVED <br />ON THIS DAY ~1~, 7-~ , 1996. <br />Je y Lett, President <br />