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• • <br />AUG 1 3 1999 <br />LA PORTE AREA WATER AUTH <br />MINUTES <br />FEBRUARY 15,1999 <br />1. <br />2. <br />3. <br />4. <br />ITY SECRETARY'S <br />OFFICE <br />The meeting was called to order at 6:30 PM by President Jerry Bramlett <br />Members Present: President Jerry Bramlett, Vice President Rodney J. Etchberger, <br />Secretary Albert Fields, Members Robert Roy and Chester Pool. <br />Members Absent: None. <br />Others Present: Assistant City Manager/Finance Director Jeff Litchfield, Director of <br />Public Works Steve Gillett, Robert Belt of White Petrov McHone. <br />The minutes from the regular meeting held August 5, 1998 were reviewed. Motion by <br />Chester Pool, seconded by Robert Roy to accept the minutes as written. Motion was <br />unanimous. <br />The LPAWA Annual Financial Report for Fiscal Year Ending September 30, 1998 was <br />presented by Jeff Litchfield and Robert Belt, representing the audit firm of White Petrov <br />McHone. Mr. Litchfield explained that the Report was delayed due to new changes <br />required by the TNRCC. Mr. Belt explained the Auditor's opinion in the Report, <br />qualified due to the requirement to address KY2 issues. Mr. Litchfield reviewed the <br />Annual Results of Operations, and answered questions from the Board. Motion by <br />Albert Fields, seconded by Rodney Etchberger to accept the LPAWA Annual Financial <br />Report, subject to any editorial changes needed. Motion was unanimous. The final <br />Report will be distributed to the Board when published. <br />General Managers Report. <br />A. Jeff Litchfield reviewed letters between the Authority and the Texas Water <br />Development Board regarding the proposed refunding of Authority debt. Due to a <br />refunding by the TWDB in 1989, the current LPAWA bonds cannot be refiznded <br />without incurring a substantial penalty from the IRS. Due to this change, the original <br />December 1, 1998 refunding date has been delayed until August 15, 1999. Mr. <br />Litchfield outlined several alternative funding sources for the upcoming purchase of <br />additional capacity, should refunding not be possible. Mr. Litchfield answered <br />questions from the Board. <br />B. Director of Public Works Steve Gillett presented a report regarding the proposed <br />replacement of the control system at the Southeast Water Purification Plant and <br />answered questions from the Board. <br />C. Director of Public Works Steve Gillett presented a report regarding the proposed <br />interim expansion of the Southeast Water Purification Plant and answered questions <br />from the Board. <br />There being no further business, the meeting adjourned a M. <br />PASSED AND APPRO <br />ON THIS DAY 1 , 1999. <br />President <br />Al Fields, Secretary/Treasurer <br />