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Home My WebLink About08-05-10 Regular Meeting of the La Porte Area Water Authority I � LA PORTE AREA WATER AUTHORITY MINUTES AUGUST 5, 2010 1. The meeting was called to order at 6:00 PM by President Dennis Steger. Members Present: President Dennis Steger, Vice President David Janda, Secretary Kenneth Schlather, Member Steve Valerius. Members Absent: None. Others Present: General Manager Ron Bottoms, Director of Public Works Steve Gillett, Director of Finance Michael Dolby and John Robuck of RBC Capital Markets. 2. The minutes from the meeting held April 13, 2010 were reviewed. Motion by Kenneth Schlather, second by Steve Valerius to approve the minutes as presented. Motion was unanimous. 3. General Manager Ron Bottoms presented the proposed FY 2010 -2011 LPAWA budget and answered questions from the Board. Kenneth Schlather questioned why the budget figures from FY 2009 -2010 on the current budget were different from the numbers presented last year. The difference was less than $1,000. General Manager Ron Bottoms promised that the difference would be researched and an answer would be furnished. Motion by Kenneth Schlather, second by Steve Valerius, to approve the FY 2010 -2011 LPAWA budget. Motion was unanimous. 4. John Robuck of RBC Capital Markets outlined the need to retroactively approve the Financial Advisory Agreement, with an effective date of April 13, 2010. General Manager answered questions from the Board, and stated that the new resulted in a savings of over $17,000. Motion by Steve Valerius, second by Kenneth Schlather to approve the agreement. Motion was unanimous. 5. General Manager Ron Bottoms explained the new Financial Advisory Agreement would carry forth from July 1, 2010. Motion by Kenneth Schlather, second by David Janda to approve the new Financial Advisory Agreement, effective July 1, 2010. Motion was unanimous. 6. There was no General Manager's report. 7. There were no Board comments. 8. There being no further business, the meeting adjourned at 6:21 PM. Secretary PASSED AND APPROVED ON T0HJ IISS DAY President