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HomeMy WebLinkAbout01-23-1996 MeetingF • '~ LA FORTE AREA WATER AUTHORITY MINUTES January 23, 1996 1. The meeting was called to order at 6:33 pm by President Jerry Bramlett. MEMBERS PRESENT: President Jerry Bramlett, Vice President Rodney Etchberger, Secretary Albert Fields and Member James Sweeton. MEMBERS ABSENT: None. OTHERS PRESENT: Member-elect George Robert Roy, City Manager Robert T. Herrera, Assistant City Manager Jeff Litchfield, Director of Public Works Steve Gillett, Carol Butler and Chris Breaux of Null & Associates. 2. The minutes from the regular meeting held September 19, 1995 were read. Motion by Albert Fields, seconded by Rodney Etchberger, to accept the minutes as read. Motion was unanimous. (President Bramlett abstained). 3. The Oath of Office was administered to George Robert Roy by President Jerry Bramlett. 4. Motion by Rodney Etchberger, seconded by James Sweeton to approve payment of "catch-up" through September 30, 1995, to the City of Houston in the amount of $149,179.35. Motion was unanimous. 5. General Manager Herrera introduced Chris Breaux of Null & Associates, who discussed the audit conducted by his firm. He stated that the financial statements of the Authority accurately depicted the condition of the Authority and were in conformance with generally accepted accounting principles. Jeff Litchfield, Director of Finance, reviewed the Annual Financial Report, and answered questions from the Board regarding those statements. Motion was made by James Sweeton, seconded by Rob Roy, to approve the La Porte Area Water Authority Annual Financial Report for Fiscal Year Ending September 30, 1995. Motion was unanimous. 6. General Manager Robert T. Herrera reported that the next scheduled meeting would be in April. He suggested that the Board consider an all-day meeting to discuss several upcoming issues for the Authority, including the future expansion of the Southeast Water Purification Plant. ~ ~ LA PORTE AREA WATER AUTHORITY MINUTES January 23, 1996 Page 2 The General Manager also informed the Board that he and Jeff Litchfield had discussed the feasibility of refinancing Authority debt to take advantage of lower interest rates. He will provide the Board with a position paper outlining the feasibility and probable costs to refinance, as well as potential interest savings. 7. There being no further business, motion made by Albert Fields, seconded by James Sweeton to adjourn. The motion was unanimous and the meeting adjourned at 7:25 pm. Al Fields, Secretary/Treasurer PASSED AND APPROVED ON THIS DAY ~1~, 7-~ , 1996. Je y Lett, President I i • l.~I~1~TED STATES E~®EE~TY ANA GuA~AI~TY COM['AI~IY ~.~...,., .,~.,,1 (A Stock Company) No. _ KNOW ALL MEN BY THESE PRESENTS: That we, ____ GEORGE ROBERT ROY _ _ ~_ _ _ as Principal, and UNITED STATES FIDELITY AND GUARANTY COMPANY, a corporation duly incorporated under the laws of the State of Maryland, as Surety, are held and firmly bound unto _______________________._______~_. LA PORTS AREA WATER AUTHORITY Obligee, in the sum of $_5~000~00--~___.__ for the payment of which we bind ourselves, our heirs, executors, adminlstrators, successors and assigns, jointly and severally, firmly by these presents. WHEREAS, the Principal was appointed to the board. of the La Porte Area Water Authority. THE CONDITION OF THIS OBLIGATION IS SUCH, that if the Principal ____________________________~_ GEORGE ROBERT ROY _________~.._..____.._.___._______~._____, shall well and faithfully perform all the duties of his office, then this obligation to be void, otherwise to remain in full force and effect. IT IS UNDERSTOOD AND AGREED, and this bond is given and accepted on the condition that the Surety shall in no way be held liable for any loss, costs, damages or expenses of any kind caused by the failure of any Bank, Institution or Depository of any kind to pay, deliver over or properly account for any money, moneys, papers, securities or property of any kind placed on deposit therein or in its custody by or for said Principal in his capacity as aforesaid or in any other capacity. IT IS FURTHER UNDERSTOOD AND AGREED that the Surety may cancel this bond by giving thirty (30) days notice in writing to the Obligee. Such cancelation shall be effective only as to acts committed by the Principal after the expiration of said thirty (30) day period. The Surety shall, upon surrender of this bond and its release from all liability thereunder, refund the premium paid, less a pro rata part thereof for the time this bond shall have been in force. Signed, sealed and dated ___January__ 2 9 ,___19 9 6_ -- ----- (SEAL) Principal UNITED STATES FIDELITY AND GUARANTY COMPANY Sherry Langnau Attorney In-Fact PubO 144 (2-88) ..;;a .' - STATES FIDELrrY AND GUARANTY COMPANY N° 6 2 4 5 5 POWER OF ATTORNEY NO. 105311 KNOW ALL MEN BY THESE PRESENTS: That UNITED STATES FIDELITY AND GUARANTY COMPANY, a corporation organized and existing under the Iawa of the State of Muyland and having its principal office at the City of Baltimore, in the State of Maryland, does hereby constitute and appoint Grady K. Strum, Sherry L. Langnau and SuEllen Landriault of the City of LaPorte ,State of Texas its true and lawful Attorny(s}in-Fact, each in their separate capacity if more than one is named above, to sign its name as surety to, and to execute, seal and sclmowledge any sad all bonds, undeRaltings, contracts and other written instruments in the nature thereof on behalf of the Company in its business of guaranteeing the fidelity of persons; guaranteeing the performance of contracts; and executing or guaranteeing bonds and undertakings required or permitted in any actions or pmceediogs allowed by law. In Witness Whereof, the said UNTIED STATES FIDELITY AND GUARANTY COMPANY has caused this in~rument to be sealed with its corporate seal, duly attested by the signatures of its Senior Vice President and Assistant Secretary, this 6th day of November , A.D. 19 92. ~ UNITED STATES FIDELITY AND GUARANTY COMPANY ~ / lttg6p -, (Signed) By.. ... .. ...................... ~ ~ ~ Senior Vice President A1N~ . (Signed) By.........~ ..................................... ~ssistant Secretary STATE OF MARYLAND) s,L'( BALTIMORE CITY ) ~/ On this 6th day of November , A.D. Senior Vice President of the UNTIED STATES FIDELITY AND GUA Secretary of said Company, with both of whom I arrt personal~~ia Lamendola and Paul D.. the said UNTIED STATES FIDELITY AND GUA~ COMF each knew the seal of said corporation; that ~ xed to said of said corporation, and that they signed t6 ames thereto by lik My Commission expires the 11th day in ~~ b~'' R R NOTARV~ (St FllalC ~Z3 6eforemepersonall c ~~'°Robert J. Lamendola TY~COMPANY~Q aul D. Sims ,Assistant who being by tp~~iYe ly duly sworn, d, that they, the said Robert J . }w},ere respectively the~~~ec Vice President and the Assistant Secretary of Y the~raG descri ey was such ~ mor Vice Presid h A. ~::yj~\~~ .t in and w ae6ted the foregoing Power of Attorney; that they ~o st it was so affixed by order of the Board of Directors w~ slant Secretary, respectively, of the Cornpaay. 5 "• NOTARY PUBLIC 4mo,.~ This Power of Attorney is granted under and by the following Resolutions adopted by the Board of Directors of the UNITED STATES FIDELITY AND GUARANTY COMPANY on Septem RESOLVED, that in connection with the ~ nd surety insurance business of the Company, all bonds, undertakings; contracts and other inatrnments relating to acid business may be signed, executed, and acknowledged by persons or entities appointed as Attorney(s)-in-Fact pursuant to a Power of Attorney issued in accordance with these resolutions. Said Power(s) of Attorney for and on behalf of the Company may and shall be executed in the name and on behalf of the Company, either by the Chairmsa, or the President, or an Executive Vice President, or a Senior Vice President, or a Vice President or an Assistant Vice President, jointly with the Secretary or an Assistant Secretary, under their respective designations. The signature of such officers may be eagtaved, printed or lithographed. The sigmturc of each of the foregoing officers and the seal of the Company may be effaced by facsimile to any Power of Attorney or to any certificate relating thereto appointing Attorney(a}in-Fact for purposes only of executing and attesting bonds and undertakings sod other writings obligatory in the nature thereof, and, unless subsequently revoked and subject to any limitations set fott6 therein, any such Power of Attorney or certificate bearing such facsimile signature or facsimile seal shall be valid and binding upon the Company and any such power so executed and certified by such facsimile signature and facsimile seal shall be valid and binding upon the Company with respect to any bond or undeAalting to which it is validly attached. RESOLVED, that Attornry(s}ia-Fact shat) have the power and authority, unless subsequently revoked and, in any case, subject to the terms and lunitationa of the Power of Attorney issued to them, to execute and deliver on behalf of the Company and to attach the seal of the Company to any and all bonds and undertakings, and other writings obligatory io the nature thereof, and soy such instrument executed by such Attorney(s)-in-Fact shall be ss binding upon the Company as if signed by an Executive Officer and sealed and attested to by the Secretary of the Company. ~, Pau 1 D . Sims , an Assistant Secretary of the UNITED STATES FIDELITY AND GUARANTY COMPANY, do hereby certify that the foregoing is a tote excerpt from the Resolution of the said Company as adopted by its Board of Directors on September 24, 1992 and that this Resolution is in full force and effect. I, the undersigned Assistant Secretary of the UNTIED STATES FIDELITY AND GUARANTY COMPANY do hereby certify that the foregoing Power of Attorney is in full force and effect and has not been revoked. In Testimony Whereof, I have hereunto set my hand and the seal oft TIE STATES FIDELITY AND GUARANTY COMPANY on this aZq day of Qom. , 199 ,. p ~. /~ a __ ~ Gt~/~ ! ~~' '~ smsaaas ............................................. m ttl~ ~ "'MY ANt~ Assistant Secretary FS 3 (10.92)