HomeMy WebLinkAbout1995-09-25 WUCFD MINUTES DISTRICT BOARD OF THE
WATER UTILITIES COMMUNITY FACILITIES DISTRICT
CITY OF APACHE JUNCTION, ARIZONA
SEPTEMBER 25, 1995 - 7:00 P.M.
MEETING MINUTES
BOARD OF DIRECTORS ROLL CALL: Others Present:
Chairperson Coleman Bill Farrell , District Attorney
Vice Chairperson Richmond Curtis Shook, District Manager
Mrs. Robin Barker Kathy Connelly, District Clerk
Mr. Joe Durbala George Hoffman, Asst. City Manager
Mrs. Grace Hagner Doug Dobson, Public Works Director
Mr. Keith Hendricks Anne Kleindienst
Mrs. Anne Surra Scott Parker, First Interstate Bank
Consolidated Water Representatives
District Attorney Bill Farrell informed the Board that a notice of the public
hearing on adoption of the budget for FY 1995-96 was published in the newspaper.
He then briefed the Board on the budget. Chairperson Coleman opened the public
hearing; there being no one wishing to speak, he closed the hearing.
Mr. Farrell briefed the Board on Resolution No. 1995-001, approving budget for
Fiscal Year 1995-96. Mrs. Barker moved for adoption of Resolution No. 1995-001.
Mr. Durbala seconded the motion. The motion passed unanimously.
Mr. Farrell briefed the Board on Resolution No. 1995-002, authorizing loan
agreement with First Intestate Bank. Mrs. Surra moved to adopt Resolution
No. 1995-002 and authorize the District Manager to enter into an agreement with
First Interstate Bank and execute such agreement. Mr. Hendricks seconded the
motion. Motion passed unanimously.
Mr. Farrell informed the District Board that there would be no need for any
meetings prior to October 13.
Mr. Farrell reported that Arizona Bankruptcy Court has ordered a sale at 10:00
a.m. on October 16, 1995, of all of the assets of Consolidated Water Utilities;
that the minimum amount to participate in the bid was $600,000 which must be
deposited by October 5, 1995; and that the bidding will go up in increments of
$25,000 each. He further briefed the District Board on the many inquiries
regarding the sale of Consolidated Water, the numerous visits to the site by
interested parties, and the ongoing series of bankruptcy court hearings still
taking place and other legal procedures prior to the auction sale. He stated
that on October 13 they will be seeking authorization to bid at the auction sale.
Chairman Coleman asked if anyone had any questions. A member of the public asked
if the budget was available to the public.
Water Utilities Community Facilities District
Meeting Minutes of September 25, 1995
Page 1 of 2
Mr. Farrell answered that it was available at the City Clerk/District Clerk's
office.
Adjournment at 7:18 p.m.
Douglas/Coleman
Chairperson
Kathleen Connelly
District Clerk
Water Utilities Community Facilities District
Meeting Minutes of September 25, 1995
Page 2 of 2