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2001 11 06 BAWA Minutes, SpecialMINUTES OF THE SPECIAL MEETING OF THE BOARD OF DIRECTORS OF THE BAYTOWN AREA WATER AUTHORITY November 6, 2001 The Board of Directors of the Baytown Area Water Authority, Harris County, Texas, met in special session on Tuesday, November 6, 2001, at 7425 Thompson Road, with the following in attendance: Peter R. Buenz, Secretary Knox Beavers, Board Member Sam T. Schulze, Board Member Absent: Robert L. Gillette, President Dan Mundinger, Vice President. The meeting opened with a quorum present, and the following business was conducted. Peter B. Buenz was appointed temporary chairman of the meeting. Consider approval of the minutes for the meeting held on October 17, 2001. Board Member Beavers moved approval of the minutes of the meeting held on October 17, 2001. Board Member Schulze seconded the motion. The vote follows: Ayes: Board Members Beavers, Buenz, and Schulze Nays: None. The motion carried. Consider Proposed Resolution No. 011106-1, approving and authorizing execution of a supply agreement with a retail electric provider through the H-GAC Energy Purchasing Corporation; approving initial proposal pricing and appointing an authorized representative. General Manager Monte Mercer reviewed the significant terms of the proposed electric supply agreement through H-GAC. The charge is reduced to five cents per kilowatt hour, the swing rate (the deviation from the projected load) is increased to 25%, with each month being a different load period. The Board decision to join the H-GAC aggregation group has been effective in negotiating the terms for retail electric supply. The two-year rate is recommended to capture savings in the rate and freeze the fuel charge. The firm price must be the same as that proposed in the current agreement, or the contract will be rejected. • Page 2 of 2 Minutes of the Special Meeting — November 6, 2001 Board Member Beavers moved approval of the proposed resolution. Board Member Schulze seconded the motion. The vote follows: Ayes: Board Members Beavers, Buenz, and Schulze. Nays: None. The motion carried. Manager's Report. In order to accommodate the bond sale schedule and the Thanksgiving holiday, the next meeting of the Board will be on Tuesday, November 20, 2001. The bond sale is scheduled for December 13, 2001, and the special meeting will be held on December 13, 2001 to approve the sale of the bonds. Fred Pack, BAWA Director, reported that the construction was proceeding at a good rate. Adjourn As there was no further business to be transacted, the meeting adjourned at 8:14 a.m. W. mith, Assistant Secretary •