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HomeMy WebLinkAbout1995-12-18 WUCFD MINUTESDISTRICT BOARD OF THE WATER UTILITIES COMMUNITY FACILITIES DISTRICT CITY OF APACHE JUNCTION,ARIZONA DECEMBER 18,1995 -6:00 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 (Absent) Mrs.Anne Surra 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 George Hoffman,Asst.City Manager 1.Call to order. 2.Roll call. 3.Executive session on December 18.1995,at 6:00 p.m.,in the Administration Conference Room. Mrs.Surra moved for an executive session on December 18,1995,at 6:00 p.m.in the Administration Conference Room.Vice Chairman Richmond Seconded the motion. Motion passed unanimously. Chairman Coleman reconvened the meeting. 4.Approval of final loan documents and authorizing the District Manager to execute the documents (Resolution No.1995-008). District Manager Curtis Shook introduced Resolution No.1995-008 and asked the District Counsel to brief the Board on this item. District Counsel Bill Farrell stated that the loan documents call for a $4 million loan and that the interest on the bonds is tax exempt from Federal and State income tax,and it is estimated that the rate is about 5.2% interest.He stated that $3.2 millions plus a small interest payment will be drawn down at the time of the close and the balance will be drawn down periodically as needed.He stated that the terms and conditions have been reviewed and are very similar to the $6 plus million loan they had negotiated before,and that a draft is available at the City Clerk/District Clerk's office. Mrs.Surra moved to approve the final loan documents and authorize the District Manager to execute those documents listed as Resolution 1995-008.Mr.Durbala seconded the motion.Motion passed unanimously. Water Utilities Community Facilities District Meeting Minutes of December 18,1995. Page 1 of 3 5.Approval of addendum to agreement with Brooke Water,L.L.C. and authorizing the District Manager to execute the documents (Resolution No.1995-009). District Manager Curtis Shook briefed the Board on Resolution No.1995-009.He stated that this item would extend the original operating agreement which terminated on December 17,1995,to on or before December 29,1995. City Attorney Glenn Gimbut explained that Resolution No.1995-009 included two amendments;the first one being what the District Manager had just described and the second covering some terms and conditions in the purchase and interim operating agreement regarding some cleanup details. Mrs.Surra moved for approval of this item.Mr.Durbala seconded the motion. Motion passed unanimousl y. 6.Approval of payment of attorney and legal fees to William Farrell in the amount of $2,000. Mrs. Surra moved for approval of this item and added that this payment is for the month of December.Mr.Durbal a seconded the motion.Motion passed unanimously. 7.Approval of professional services agreement with Gerrity and Miller for Phase I -Site Location for well in an amount not to exceed $5,000 and authorizing the District Manager to execute the agreement. District Manager Curtis Shook stated they have begun the process to improve the quality of water and the capacity to serve additional customers;that this item would allow for the District to purchase professional services to locate a well. Mr.Durbala moved for approval of this item.Vice Chairperson seconded the motion.Motion passed unanimously. 8.Authorization to the District Manager to negotiate line extension for extension of service to waste water treatment plant and authorization to execute agreement. District Manager Curtis Shook explained that Superstition Mountain Community Facilities District is in need of water service from the Water Utility to provide sewer service to areas where water service is currently not certificated. Mrs.Surra moved for approval of this item.Mrs.Hagner seconded the motion. Motion passed unanimously. 9.Report from District staff. District Manager Curtis Shook reported that tomorrow the Corporation Commission will hear the arguments for transferring the title of water utility from Consolidated Water to Brooke Water;that the law firm is providing a tax exempt ruling which they should have by December 29 when the entire proceedings should Water Utilities Community Facilities District Meeting Minutes of December 18,1995. Page 2 of 3 close with the bank loan and the District completing the sale to Brooke Water at $3.2 million; that the city has been protected in that second amendment for doing some of the hydrology and line extension things where if the District is to pay out money,they are protected in the case there is not a favorable ruling. Mr.Shook briefed the Board on improving the quality and quantity of water and stated that staff will be coming back with the engineering for new wells, storage areas and line extensions.He stated that offices have relocated to the Public Works area and in doing that they have saved between $12,000 and $15,000 per year.He commended Legal Counsel Bill Farrell for his work and in particular District staff Glenn Gimbut,Doug Dobson and Keith Lewis. 10.Approval and authority to execute first amendment to purchase and interim operating agreement with Brooke Water,L.L.C.(Resolution No.1995-009 also). The Board clarified that this item was done in conjunction with Item No.5. Adjournment at 7:50 p.m. 71WD(491.4 Douglas Cpleman Chairperson Water Utilities Community Facilities District Meeting Minutes of December 18,1995. Page 3 of 3