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HomeMy WebLinkAbout01-12-2000 Meeting LA PORTE AREA WATER AUTHORITY MINUTES January 12, 2000 The meeting was called to order at 6:35 PM by President Rodney J. Etchberger Members Present: President Rodney J. Etchberger, Vice President Robert Roy, Secretary Chester Pool, and Members Jerry Bramlett and Albert Fields. Members Absent: None Others Present: General Manager Robert T. Herrera, Assistant City Manager John Joerns, Assistant City Manager/Finance Director Jeff Litchfield, Director of Public Works Steve Gillett, Amanda Eaves and Patsy Waldrop of White Petrov McHone. 2. The minutes from the meeting held August 12, 1999 and September 8, 1999 were reviewed. Chester Pool offered two (2) typo corrections. Motion by Chester Pool, seconded by Jerry Bramlett to accept the minutes as amended. Motion was unanimous. 3. Jeff Litchfield introduced the auditing firm of White Petrov McHone. Representative explained the auditing process, and stated that no problems we found. Jeff Litchfield reviewed the Fiscal Year 1999 Results of Operations Report, and answered questions from the Board. Motion by Chester Pool, seconded by Rob Roy to accept the Audit and Fiscal Year 1999 Results of Operations Report. Motion was unanimous. 4. General Manager presented a summary of the Authority water projection needs, the recent capacity purchase from the City of Galveston, and the recent refunding of bonds to finance the purchase. He discussed future water needs, and outlined the need to purchase .6 MGD of capacity from the proposed interim expansion of the Southeast Water Purification Plant. He recommended the sale of 3 MGD of the rights to purchase additional capacity, and outlined staff's calculation of the value of these water capacity rights. He informed the Board that the Cities of Friendswood and Pasadena, as well as Clear Lake City Water Authority we interested in purchasing these water rights. Director of Public Works Steve Gillett reviewed the Report on the Interim Expansion, and answered questions from the Board. General Manager Robert T. Herrera explained that although the staff had calculated the break-even rate for the sale of water rights at approximately $0.75 per gallon, the Authority had other intangible costs associated with the decision made to purchase additional capacity from Galveston, as well as administrative costs associated with the purchase. He recommended the Board consider setting a price range at a minimum of $0.85 per ! ~ gallon, and authorize the General Manager to negotiate the sale of 3 MGD of expansion water rights, as well as authorization to negotiate a new contract with the City of Houston. Motion by Rob Roy, seconded by Jerry Bramlett, to set a minimum price of $0.85 per gallon, and authorize the General Manager to negotiate the sale of 3 MGD of expansion water rights, as well as authorization to negotiate a new contract with the City of Houston. Motion was unanimous. 5. General Manager Robert T. Herrera reported that the Authority has experienced no Y2K problems. 6. There being no further business, the meeting adjourned at 8:10 PM. Chester Pool, Secretary/Treasurer PASSED AND APPROVE ON THIS DAY ~ ~~ , 2000. Rodney J Etchberger, esident