BOARD OF DIRECTORS’ MEETING
MEETING MINUTES
THURSDAY, OCTOBER 9, 2008
CALL TO ORDER
PLEDGE OF ALLEGIANCE
ROLL CALL: Richard Babjak,
Also Present:
A quorum was established and the meeting commenced at
6:00 PM.
ANNOUNCEMENTS FROM THE
CHAIR
An Executive Session was
held following the September 18, 2008 meeting to discuss acquisition of
property and personnel issues.
RECEPTION OF VISITORS:
Chip McCarthy of H. T. Capital Markets and
Wayne Gerhold, Esq., Bond Counci discussed
the SWAP.
On a motion by Babjak and a second by Manspeaker accepted the
proposal by HT Capital Markets to extend the starting date of the SWAP
transaction by one year. The year would
be from October 1, 2008 to October 1, 2009.
Vote: 3 yes
(RM, RB and AK) 1 absent (GL).
1. On a motion by Babjak and a second by Manspeaker approved
the minutes from Board Meeting September 18, 2008.
Vote: 3 yes (RM, RB and AK) 1 absent (GL).
2. On a motion by Babjak and a second by Manspeaker approved
the Treasurers’ Report for August 2008.
Vote: 3 yes (RM, RB and AK) 1 absent (GL).
3. On a motion by Babjak and a second by Manspeaker ratified
the September 2008 bills.
Vote: 3 yes (RM, RB and AK) 1 absent (GL).
4. On a motion by Babjak and a second by Manspeaker approved Requisition #111
in the amount of $431.50 as draw down against Consent Order, Bond Series 1998,
by US Bank Trustee,
Vote: 3 yes (RM, RB and AK) 1 absent (GL).
5. Report of the Solicitor.
6. Report of the Engineer.
A written report of the Engineer is available upon
request.
7. Report
of the General Manager.
A written report of the General Manager is available upon
request.
On a motion by Babjak and second by
Manspeaker the budget for Fiscal Year 2009 was approved as presented.
Vote: 3 yes (RM, RB and AK) 1 absent (GL).
8. Old
Business: None
9. New
Business: None
10. Executive
Session: Began at 7:15 reconvened at
7:22 PM.
On a
motion by Babjak and Second by Manspeaker the Board directed the Solicitor to
send a letter terminating the Memorandum of Understanding with Dravosburg.
Vote: 3 yes (RM, RB and AK) 1 absent (GL).
On a
motion by Babjak and second by Manspeaker a refund to Aurora Huts, LLC in the
amount of $4,335.35 was approved. They were being billed by WMSSMA and
are being serviced by Pleasant Hills Municipal Authority.
Vote: 3 yes (RM, RB and AK) 1 absent (GL).
11. On a motion
by Babjak and a second by Manspeaker the meeting adjourned at 7:30 PM.
Vote: 3 yes (RM, RB and AK) 1 absent (GL).
Respectfully Submitted: