1999 10 28 BAWA Minutes, Special MeetingMINUTES OF THE SPECIAL MEETING
OF THE BOARD OF DIRECTORS
OF THE BAYTOWN AREA WATER AUTHORITY
October 28, 1999
The Board of Directors of the Baytown Area Water Authority, Harris County,
Texas, met in special session on Wednesday, October 28, 1999, at the Hullum
Conference Room, Baytown City Hall, 2401 Market, with the following in attendance:
Robert L. Gillette, President
Dan Mundinger, Vice President
Peter R. Buenz, Secretary
Knox Beavers, Board Member
Absent: Roy L. Fuller, Board Member
The meeting opened with a quorum present, and the following business was
conducted.
Approve Preliminary Official Statement and Official Notice of Sale and Distribution
Thereof, Authorize Advertisement for Sale of the Series 1999 Bonds, and Schedule
Bond Sale
Mike Daws, Finance Director, explained that the Preliminary Official Statement
and Official Notice of Sale provides for sale of $19,098,000 in BAWA Revenue Bonds
on November 10 at 1:30 p.m. The rating from Moody is "Aa" and the rating from
Standard and Poors is "A-." Upon the advice of the Financial Advisor, BAWA may
purchase bond insurance to assure the best rating possible.
Board Member Buenz moved to approve the Preliminary Official Statement and
Official Notes of Sale and Distribution thereof, authorize advertisement for Sale of the
Series 1999 Bonds, and schedule the bond sale. Board Member Mundinger seconded
the motion. The vote follows:
Ayes:
Nays:
•
Board Members Beavers, Buenz, Gillette and Mundinger
None
991028-2
Minutes of the BAWA Meeting — October 28, 1999
Appoint Paying Agent/Registrar for the Series 1999 Bonds
Mike Daws, Finance Director, recommended Chase Bank of Texas, National
Association, as the paying agent/registrar for the 1999 Bonds at its principal payment
office in Dallas.
Board Member Mundinger moved to name Chase Bank of Texas, National
Association, Dallas, Texas, as paying agent/registrar for the Series 1999 Bonds. Board
Member Buenz seconded the motion. The vote follows:
Ayes:
Nays:
Adjourn
Board Members Beavers, Buenz, Gillette and Mundinger
None
There being no further business to be transacted, the meeting was adjourned.
k24-
Peter R. Buenz
Secretary
•