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HomeMy WebLinkAbout1995-11-13 WUCFD MINUTESDISTRICT BOARD OF THE WATER UTILITIES COMMUNITY FACILITIES DISTRICT CITY OF APACHE JUNCTION,ARIZONA NOVEMBER 13,1995 -6:30 P.M. MEETING MINUTES BOARD OF DIRECTORS ROLL CALL: Chairperson Douglas Coleman Vice Chairperson Patricia Richmond Mrs.Robin Barker Mr.Joe Durbala Mrs.Grace Hagner Mr.Keith Hendricks Mrs.Anne Surra 1.Call to order. 2.Roll call. Others Present: Bill Farrell,District Attorney Curtis Shook,District Manager Kathy Connelly,District Clerk Doug Dobson,Public Works Director Keith Lewis,District Treasurer Glenn Gimbut,City Attorney Carol Urich (public) Rosalie Gifford (public) 3.Approval of the minutes of the meetings of September 29, 1994; November 14, 1994;November 29,1994:January 23,1995;March 27,1995; April 24,1995; May 8, 1995, June 26, 1995: August 7, 1995; September 11, 1995; and September 25, 1995. Mrs.Barker moved to approve the W.U.C.F.D. meeting minutes as presented.Mrs. Richmond seconded the motion.Motion passed unanimously with Mr.Durbala and Mrs.Hagner abstaining from voting on the minutes from September 29,1994, through May 8,1995,since they were not members of the District Board during that time. 4.Approval of Resolution No.1995-007,A Resolution Authorizing A Loan Agreement With First Interstate Bank to Acquire the Assets Of The Apache Junction Division of Consolidated Water Utilities From Blooke Water L.L.C. District Attorney Bill Farrell briefed the Board on Resolution No.1995-007,a resolution authorizing a loan agreement with First Interstate Bank to acquire the assets of the Apache Junction Division of Consolidated Water Utilities from Brooke Water L.L.C.He stated that this resolution authorizes the Board Chairman and/or the District Manager,the District Clerk and the District Counsel to sign the documents necessary to enter into a loan agreement with First Interstate Bank.He stated that they will meet on Thursday of this week to go over the draft with the Bank's counsel and that the Bank will in turn have a document back for signature very shortly.He stated that the total loan amount will not exceed $4 million dollars and that the total amount of the bonds will not exceed $4.5 million dollars. Water Utilities Community Facilities District Meeting Minutes of November 13,1995. Page 1 of 3 Mrs.Surra moved to approve Resolution No.1995-007.,which authorizes a loan agreement with First Interstate Bank to acquire the assets of the Apache Junction Division of Consolidated Mater Utilities from Brooke Water L.L.C., in the amount not to exceed $4,550,000.Mrs.Barker seconded the motion.Motion approved unanimously. 5.Approval of payments for legal fees and ratification of payments for consultants. Mr. Farrell requested payment of $2,000 to Jennings, Strouss & Salmon and to the Law offices of William Farrell.He stated he believed that previous authoriza- tion from the Board had been received and so the District Treasurer has made payment to consultants and the title company. Vice Chairman Richmond moved to approve payment for legal fees as requested and ratification of payments for the consultants.Mrs.Hagner seconded the motion. Motion passed unanimously. 6.Arizona corporation Walmission update. Mr.Farrell updated the Board on the Corporation Commission status.He reminded the Board that the agreement to purchase and operate the division on an interim basis called for Brooke Water to obtain the approval from the Arizona Corporation Commission,and that Brooke Water has been informed that it has been scheduled for the December 19,1995,Commission's agenda. 7.Operations report. District Manager Curtis Shook reported that the District through the W.U.C.F.D. has taken over the water company and there is the question of whether or not there should be a name change either now or in the future and he asked the Board to think about it. 8.District Manager's report. Mr. Shook reported that temporary stationary is being printed and they will have to decide on a logo at some point;that Consolidated Water offices located at Ironwood and Broadway would be closed as of December 1, and that operations would be moved at the Public Works building,which will save up to $1,500 per month; that the first payroll has been done; that personnel meetings have been held with the four -and -a -half effected employees and further explained how the transition would be done;that an informational meeting was held with the engineer from Justin Gardener and Mr.Bob Stevens,who is the engineer for Consolidated Water; that the validity of claims for refunds from the water company are being verified so that the appropriate refunds can be made; that as the District takes over the company they bump into some problems with Brooke Water in making the transition but most of them have been settled;that the Water Utilities seems to operate fine with the present employees who know their business and who have been working well with the District's staff. Water Utilities Community Facilities District Meeting Minutes of November 13,1995. Page 2 of 3 Mr. Shook recognized the outstanding work by Doug Dobson,Keith Lewis and Glenn Gimbut on the acquisition of the water company.He stated that water needs to be purchased from Arizona Water in order to keep up with the pumping requirements from customers;that in addition to becoming solvent and taking over the water company there is the need to improve the quality of water and the proper studies to do that will be made soon after the acquisition has been completed. Adjournment at 6:50 p.m. Douglas oleman Chairperson athleen Conne District Clerk Water Utilities Community Facilities District Meeting Minutes of November 13,1995. Page 3 of 3