Minutes of the regular meeting of the Water, Light, Power and Building Commission of the City of East Grand Forks, Minnesota held May 2, 2006 at 5:00 P.M.
Present: Ogden, Gregoire, Quirk, Vetter
Absent : None
It was moved by Commissioner Gregoire second by Commissioner Vetter that the minutes of the previous meetings of April 18 and 20, 2006 be approved as read.
Voting Aye: Ogden, Gregoire, Quirk, Vetter
Voting Nay: None
The following bills and payroll were recommended for approval:
|
CHECK NO |
VENDOR |
DESCRIPTION |
AMOUNT |
|
28321 |
MN Dept of Health |
Permits & fees |
250.00 |
|
28322 |
APPA |
Miscellaneous |
1,024.49 |
|
28323 |
Batteries Plus |
Supplies |
19.99 |
|
28324 |
Border States Electric |
Inventory; supplies |
286.07 |
|
28325 |
Dan Boyce |
Expenses |
76.84 |
|
28326 |
Business Essentials |
Supplies |
24.77 |
|
28327 |
Carquest Auto Parts |
Supplies |
69.77 |
|
28328 |
City of EGF |
Transfer; rent; qtrly chrg |
93,249.77 |
|
28329 |
Dakota Supply Group |
Inventory |
351.45 |
|
28330 |
Dustin Demarais |
Expenses |
352.14 |
|
28331 |
Fargo Water Equipment |
Inventory |
933.96 |
|
28332 |
Floan Sanders |
Professional fees |
4,980.00 |
|
28333 |
Graymont Western Canada |
Wtr treat chemicals |
2,804.00 |
|
28334 |
H2O Inc |
Supplies |
116.47 |
|
28335 |
Hawkins Inc |
Wtr treat chemicals |
3,218.11 |
|
28336 |
Locators & Supplies |
Supplies |
227.24 |
|
28337 |
M & W Services Inc |
Apr 15-28 meter reads |
1,578.50 |
|
28338 |
Madison Nat’l Life Ins |
Life insurance |
248.85 |
|
28339 |
Northern Valley Machine |
Supplies |
1,176.14 |
|
28340 |
Postmaster |
Permits & fees |
100.00 |
|
28341 |
Service Bureau |
Mar collection fees |
189.23 |
|
28342 |
Spiegel & McDiarmid |
Professional fees |
311.90 |
|
28343 |
Duane Straus |
Expenses |
62.00 |
|
28344 |
Thermo Electron Corp |
Supplies |
464.28 |
|
28345 |
TKE Corp |
Contracted services |
155.30 |
|
28346 |
Water & Light |
Utilities |
799.59 |
|
28347 |
Wesco Distribution |
Inventory |
569.78 |
|
28348 |
X-cel Energy |
Gas utilities |
5,021.67 |
|
|
|
Payroll |
54,536.96 |
|
|
TOTAL |
|
$118,662.31 |
It was moved by Commissioner Quirk second by Commissioner Gregoire that the bills and payroll be allowed as recommended and the Secretary issue checks for the same.
Voting Aye: Ogden, Gregoire, Quirk, Vetter
Voting Nay: None
It was moved by Commissioner Gregoire second by Commissioner Ogden to accept the quote and the alternate quote of PKG Contracting for the Water Plant Filter Rehabilitation project in the amount of $42,469.00.
Voting Aye: Ogden, Gregoire, Quirk, Vetter
Voting Nay: None
It was moved by Commissioner Quirk second by Commissioner Vetter to authorize the Water & Light Department to acquire a business credit card with a credit limit of $5,000.00 to use for hotel rooms when department personnel are out of town for training and meetings.
Voting Aye: Ogden, Gregoire, Quirk, Vetter
Voting Nay: None
Commissioner Gregoire, supported by Commissioner Quirk, introduced the following resolution and moved its adoption:
RESOLUTION AUTHORIZING THE DEFEASANCE AND REDEMPTION OF
ELECTRIC REVENUE BONDS, SERIES 2001
BE IT RESOLVED by the Water, Light, Power and Building Commission (the “Commission”) of the City of East Grand Forks, Minnesota (the “City”), as follows:
Section 1. The City has issued its $2,780,000 Electric Revenue Bonds, Series 2001, dated as of June 1, 2001 (the “Bonds”), $2,265,000 aggregate principal amount of which remain outstanding.
Section 2. Bonds maturing in the years 2012 and thereafter, are subject to redemption and prepayment on February 1, 2010, upon notice of call for redemption thereof mailed not less than 30 days before the date specified for redemption to the bank at which principal and interest are payable and to the holder of each bond, if known.
Section 3. The Commission determines that there exists sufficient moneys in the Debt Service Fund and the Debt Service Reserve Account in the Electric Fund, which are the funds from which the Bonds are payable under Resolution 01-06-35 duly adopted by the City Council on June 5, 2001, to fund an escrow account to be held by U.S. Bank National Association, as escrow agent under an Escrow Agreement to be entered between the City and the Escrow Agent, in amounts sufficient, together with investment income thereon, to pay the debt service on the Bonds as it becomes due and payable to and including February 1, 2010, and to redeem on February 1, 2010 all of the Bonds maturing on and after February 1, 2012. The defeasance and redemption of the Bonds described above is hereby approved and the Commission hereby requests that the City approve the defeasance and redemption of the Bonds.
Voting Aye: Ogden, Quirk, Gregoire, Vetter
Voting Nay: None
The President declared the resolution passed.
It was moved by Commissioner Quirk second by Commissioner Vetter to accept the resignation of Jason Strand effective May 16, 2006
Voting Aye: Ogden, Gregoire, Quirk, Vetter
Voting Nay: None
It was moved by Commissioner Vetter second by Commissioner Gregoire that the meeting be adjourned to a closed meeting for the purpose of discussing negotiations.
Voting Aye: Ogden, Gregoire, Quirk, Vetter
Voting Nay: None
Bonnie Abel
Sec'y