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HomeMy WebLinkAbout08-05-1998 Meeting• • LA PORTE AREA WATER AUTHORITY MINUTES August 5, 1998 The meeting was called to order at 6:35 PM by President Jerry Bramlett Members Present: President Jerry Bramlett, Members Robert Roy and Chester Pool. Members Absent: Vice President Rodney J. Etchberger and Secretary Albert Fields. Others Present: Assistant City Manager/Finance Director Jeff Litchfield, Director of Public Works Steve Gillett, Buddy Jacobs, Assistant Director of Public Works and Martha Gillett, City Secretary. 2. The minutes from the regular meeting held April 27, 1998 were reviewed. Motion by Robert Roy, seconded by Chester Pool to accept the minutes as written. Motion was unanimous. The Oath of Office was administered to Jerry Bramlett and Chester Pool. 4. Motion by Robert Roy, seconded by Chester Pool to table the election of officers until the next meeting. Motion was unanimous. 5. The renewal of the Operators Agreement was discussed. Motion by Chester Pool, seconded by Robert Roy to approve the renewal. Motion was unanimous. 6. Jeff Litchfield presented the proposed FY 1998-99 Budget. He and Steve Gillett answered questions about the proposed budget. Motion by Robert Roy, seconded by Chester Pool to approve the FY 1998-99 Budget as presented. Motion was unanimous. 7. Jeff Litchfield discussed the upcoming refunding of LPAWA bonds. He presented a calendar of events and outlined the process. Jeff Litchfield answered questions from the Board. 8. Jeff Litchfield distributed copies of a letter from the Texas Water Development Board acknowledging that the LPAWA Bond Fund had been closed, and that remaining funds can be used for the purchase of additional capacity. Steve Gillett reported that GCWA has sold $42M in bonds, proceeds had been received and engineering and geotechnical work is underway for the expansion of GCWA's Texas City Plant. He reported that GCWA expects completion by June 1, 2000. Jeff Litchfield distributed a spreadsheet illustrating the growth of funds available for the purchase of additional capacity from the City of Galveston. He plans on presenting an updated report at all future meetings. 9. There being no further business, the meeting adjourned at 7:11 PM. PASSED AND APPROVED ON THIS DAY ~~ ~~ , 19 left, President Al Fields, Secretary/Treasurer