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HomeMy WebLinkAbout03-13-1990 Meeting• LA PORTE AREA WATER AUTHQRITY MINUTES MARCH 13, 1990 1. The meeting was called to order at 6:00 P.M. by President Jerry Bramlett. MEMBERS PRESENT: President Jerry Bramlett, Secretary Claude Graves, and Member Mike Wadsworth MEMBERS ABSENT: Vice President Rick Matthews OTHERS PRESENT: Bob Herrera, City Manager; Steve Gillett, Director of Public Works; Buddy Jacobs, Assistant Director of Public Works; Jeff Litchfield, Director of Finance; Dale Conger, Espey, Huston & Associates, Inc.; Bud Geistner and Brenda Justice of KPMG Peat Marwick. 2. The minutes from the February 13, 1990 regular meeting were read. Motion was made by Member Mike Wadsworth and seconded by Secretary Claude Graves to approve the minutes as presented. Motion was unanimous. 3. Motion was made by Secretary Claude Graves and seconded by Member Mike Wadsworth to approve payment of Espey, Huston & Associates, Inc. invoice in the amount of Three Thousand Six Hundred Thirty-Four Dollars and Seventy-Eight Cents ($3,634.78). Steve Gillett discussed the invoice and stated that the Project Representative line item has only $4,458.15 remaining, and may require additional authorization if final completion of SEWPP and LPAWA startup is further delayed. Motion was unanimous. 4. Bud Geistner of KPMG Peat Marwick discussed the annual audit of the La Porte Area Water Authority financial statements. The statements meet all requirements of the Texas Water Commission. He :Mated no material weakness of the Authority's books and records were found. Motion was made by Mike Wadsworth and seconded by Claude Graves to approve audit as presented. Motion was unanimous. 5. Agenda item #6 was next discussed at the request of the General Manager. Jeff Litchfield discussed arbitrage and accounting practices on investments. Jeff answered various questions from the Board, and provided detailed information on cash transactions on the part of the LPAWA. General Manager Bob Herrera submitted a resignation letter received from Vice-President Rick Matthews. • Page Two Minutes-LPAWA March 13, 1990 6. Agenda item #5 was moved at the General Manager's request. Steve Gillett reported that the earliest completion and start-up date of the SEWPP is the end of April. This information is from the February meeting of the SEWPP Operating Committee, and would be updated later this montYi. If the project continues to be delayed, the LPAWA may have to cease work on the transmission project and pay the contractor 1/2 of retai.nage. Work would resume upon completion and startup of the SEWPP. Dale Conger of Espey, fiuston stated the installation of the pipeline is complete. Controls system ar-d electricity is being installed. Some cleanup is still required. 7. President ,7erry Bramlett had no report at this time. 8. There being no further business, Secretary Claude Graves made motion to adjourn, seconded by Mike Wadsworth. Motion was unanimous and the meeting was adjourned at 6:45 P.M. Claude Graves, Secretary, Treasurer PASSED AND APPROVED: C~ ^ ~ ~~ ~~ ON THIS DAY _ , 19 ~ ~ ~ Jeri B~~l~tt, President