HomeMy WebLinkAbout08-16-1988 Meeting•+ •
LA PORTE AREA WATER AUTHORITY
MINUTES
AUGUST 16, 1988
1. The meeting was called to order at 6:00 p.m. by Vice President
Richard Matthews.
MEMBERS PRESENT: Vice President Richard Matthews, Secretary
Claude Graves, and Member Mike Wadsworth.
MEMBERS ABSENT: President Jerry Bramlett
OTHERS PRESEAIT: Robert Herrera, General Manager; John Joerns,
Assistant City Manager; Steve Gillett, Director of Public Works;
Buddy Jacobs, Assistant Public Works Director; John Armstrong,
Authority Attorney; Dale Conger of Espey/Huston; David Swartz of
Baker & Botts; David Fetzer of Maroney & Beissner; Mayor John
Grimes, City of Morgan"s Point.
2_. The minutes of the meeting held on July 18, 1988 were read.
Motion was made to approve minutes by Claude Graves and seconded
by Mike Wadsworth. Motion was unanimous.
3. Espey Huston invoice in the amount of $4,640.16 was discussed.
Steve Gillett explained the difference of $152.47 shown on prior
reports. He stated this was an over-charge for moving Bay MUD
take point. This has been corrected. Claude Graves questioned
the $40,700 for Geotech instead of $37,000 as in the contract.
Steve Gillett will look into this matter. Motion was made to pay
the Espey Huston invoice by Claude Graves and seconded by Mike
Wadsworth. Motion was unanimous.
4. Resolution authorizing issuance and sale of $5,000,000 Contract
Revenue Bonds was discussed by Bob Herrera. David Swartz of Baker
& Botts and John Armstrong, Authority Attorney answered questions
from members of the Board on bond documents. David Swartz went
through bond documents anu indicated changes made since Board had
seen the draft documents.
Page Two
Minutes
August 16, 1988
Claude Graves questioned the deposits into the Bond Fund, the
dates and the amounts. David Swartz discussed this matter with
the Board. Interest payments will start June 1, 1989. The
payments have to be made beginning this date with deposits being
made on a six (6) month basis instead of monthly.
By June 1, 1989 the Water Authority will have earned some interest
and will also have proceeds from the second issuance of bonds.
That is what will be used to make the June 1, 1989 payment even
though participants have not begun to purchase water at that
time. David Swartz stated the timeline he understood was that
this needed to be back to the Texas Water Development Board within
the next two (2) weeks. After it is signed it will be sent to the
Attorney General"s office after the Texas Water Development Board
reviews. David Swartz commented the Attorney General"s stated
they were very busy right now and would not review until it was
signed.
Discussion was held on cash flow. It was suggested that possibly
a special called meeting be held and Pete Fisher would do a
complete print out. Claude Graves stated that at some point he
would also like to see an analysis of a pay out based on sale of
water,
John Joerns and David Fetzer of Maroney & Beissner arrived for the
Board meeting at 6:45 P.M.
David Fetzer discussed the history of purchasing capacity in
Southeast Water Purification Plant. He discussed the bond issue
and the method of receiving the funds. He discussed the various
dates that payments were due and the amounts needed for these
payments. He discussed the possibility of requiring contracting
parties to meet interest payments prior to receiving water. Board
requested a cash flow projection prior to approving the
resolution. David Fetzer stated he could have by Monday, August
22, 1988
The Board tabled this item and will call special meeting to be
held at the Public Works Service Center on Monday, August 22, 1988
at 6:00 P.M.
~~. Page Three • •
Minutes
August 126, 1988
5. ENGINEER"S REPORT: Dale Conger discussed the status of plans and
specifications. He stated Espey Huston has received comments from
several agencies and is in the process of responding to these
comments. Dale Conger discussed extension of deadline date on the
Prequalification Specifications that were mailed out; will be
extending deadline to September 20, 1988• Steve Gillett discussed
meeting with CWA on August 15, 1988. He identified the new
contact person for Houston as Mr. Showri. Steve Gillett brought
to attention the correction that Espey Huston will have to make on
their next invoice regarding the Geotechnical Authorization,
however the $37,000 is their not to exceed figure. Bob Herrera
discussed the assistance of Mr. Ron Neighbors of Harris-Galveston
Coastal Subsidence District in expediting dealing with the City of
Houston. Mr. Neighbors has suggested that the Authority meet with
CWA and their Engineer to iron out the right-of-way problems.
Due to prior commitments, Claude Graves had to leave the meeting
at 7:25 P.M.
6. There being no quorum after that time, the meeting was adjourned
at 7:25 P.M.
Respectfully Submitted,
Claude Graves, Secretary/Treasurer
PASSED AND APPROVED:
ON THS DAY ~~ ~ ~-- , 19