HomeMy WebLinkAbout1997-04-14 WUCFD MINUTESDISTRICT BOARD OF THE
WATER UTILITIES COMMUNITY FACILITIES DISTRICT
CITY OF APACHE JUNCTION,ARIZONA
APRIL 14,1997 -6:00 P.M.
MEETING MINUTES
BOARD OF DIRECTORS ROLL CALL:
Chairperson Douglas Coleman (absent)
Vice Chairperson Patricia Richmond
Mrs.Robin Barker
Mr.Joe Durbala
Ms.Carol Urich
Mr.Keith Hendricks
Mrs.Anne Surra
1.
2.
3.
Others Present:
Curtis Shook,District Manager
Kathleen Connelly,District Clerk
George Hoffman,Asst.City Manager
Doug Dobson,District Operating Mgr.
Keith Lewis,District Treasurer
Bill Farrell,District Counsel
Brian O'Connor
Virginia McClain
Call to order.
Roll call.
Approval of minutes of March 31,1997.
Mrs. Surra moved to approve the minutes of the March 31,1997, meeting.Ms Urich
seconded the motion.The vote was unanimous.
4.Recognition of outstanding service to the community by WUCFD employee
Lance Uehling.
Vice Chairperson Richmond stated a letter had been received by a citizen
concerning a water meter broken off and repaired by Lance Uehling.Mrs.Surra
stated it was nice that someone had written in as many times the people recognize
the employee has done a good job but they fail to let the city know about it.
5.Discussion and consideration of Resolution No.1997-002.
District Counsel Bill Farrell briefed the board on this item.He introduced Mr.
Brian O'Connor,the financial advisor from Alden Capital Markets.He stated Mr.
O'Connor called him earlier today to advise the WUCFD bonds have sold with an
interest rate of 5.61%.As a result of the sale today, what had originally been
two resolutions have been consolidated into one resolution.He recommended the
board approve Resolution No.1997-002.
Vice Chairperson Richmond asked if there were any questions or comments from the
board.There being none,Mrs.Barker moved that Resolution No.1997-002,a
resolution of the Board of Directors of the Water Utilities Community Facilities
District (City of Apache Junction,Arizona)approving the issuance of its
$6,750,000 aggregate principal amount of District Water Revenue Bonds Series
Water Utilities Community Facilities District
Meeting Minutes of April 14,1997
Page 1 of 3
1997;authorizing the execution of a Trust Indenture and a Bond Purchase
Agreement in connection therewith;and authorizing the execution of such other
documents and the taking of such other actions deemed necessary to effect the
purposes stated herein,be approved.Mrs.Surra seconded the motion.The
resolution was approved unanimously.
6.Discussion and consideration of Resolution No.1997-003.
This item was combined with Item 5 and became unnecessary.
7.Discussion and possible direction on changing the District's name.
Mrs. Surra stated she had asked for this to be added to the agenda,as that now
the utility is a company,it should have a name that a logo could be attached to.
She does not like the present name but has no preference for a new name.She
does not want a contest by the schoolchildren to name the utility.Vice
Chairperson Richmond asked i f there were any suggestions for a name.District
Manager Curtis Shook stated they could bring back 3 to 5 names for their approval
at the next meeting.
Mrs.Surra moved to give direction to staff to bring back some suggestions of
either how they want to handle the naming or bring them back some suggestions for
a name.Mrs.Barker seconded the motion.
District Clerk Kathy Connelly stated she was unsure on the procedure, whether it
would be done by resolution or some other means.
District Counsel Bill Farrell stated they could operate from a standpoint of
community relations under a pseudonym or a more user-friendly name.However, all
transactions will have to be under WUCFD,as all the previous documents have that
for a name.A name change would be appropriate for logo use and a more customer-
friendly name,which would then become a DBA (does business as)name.
The vote on the motion made by Mrs.Surra,giving direction to staff,was
approved unanimously.
8.District Manager report.
District Manager Curtis Shook stated Mr.O'Connor,Bill Farrell and Keith Lewis
did a great job putting the bond sale together.The interest rate over twenty
years will give the district the wherewithall to have the appropriate capacity
and water quality that we need to have a growing utility.He stated they are
adding about 4 to 5 new services a month now,which should pick up with the new
subdivision activity south of the freeway.He stated he felt they paid a little
bit more than he wanted to with the issuance, but he believes with this being the
first time out,the district almost had to.
9.District Treasurer report.
Water Utilities Community Facilities District
Meeting Minutes of April 14,1997
Page 2 of 3
None.
7.District Counsel report.
None.
8.Adjournment.
Adjournment at 6:15 p.m.
1,1),
Douglas ioleman
Chairperson
Kathleen Connelly
District Clerk
WATER UTILITIES COMMUNITY FACILITIES DISTRICT MINUTES
CERTIFICATION
I hereby certify that the foregoing minutes are a true and correct copy of the
minutes of the regular meting of the Water Utilities Community Facilities
District of the City of Apache Junction, Arizona,held on the 14th day of April
1997.I further certify that the meeting was duly called and held and that a
quorum was present.
Dated this 15th day of April,1997.
Kathleen Connelly
District Clerk
Water Utilities Community Facilities District
Meeting Minutes of April 14,1997
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