1994 10 25 BAWA Minutes, Special Meeting MINUTES OF THE SPECIAL MEETING
OF THE BOARD OF DIRECTORS
• OF THE BAYTOWN AREA WATER AUTHORITY
October 25, 1994
The Board of Directors of the Baytown Area Water Authority, Harris County,
Texas, met in special session on Tuesday, October 25, 1994, at 5:30 p.m. in the Don
M. Hullum Conference Room, with the following attendance:
Robert L. Gillette, President
Dan Mundinger, Vice-President
Peter R. Buenz, Secretary
Knox Beavers, Board Member
Roy L. Fuller, Board Member
The meeting was called to order with a quorum present, after which the
following business was transacted:
Consider Proposed Resolution Authorizing the Issuance of Baytown Area Water
Authority Water Supply Contract Revenue Bonds, Series 1994 (City of Baytown
Project)
Drew Masterson, with the firm of Masterson Moreland Sauer Whisman, Inc.
was on hand to open the bids. Two bids were received as follows:
BIDDERS TRUE INTEREST COST
Masterson Moreland Sauer Whisman, Inc. 5.9216%
Rauser Pierce 6.1250%
Board Member Buenz moved to adopt the resolution awarding the bid to
Masterson Moreland Sauer Whisman, Inc. at true interest cost of 5.9216%. Board
Member Fuller seconded the motion. The vote follows:
Ayes: Board members Beavers, Buenz, Fuller,
Gillette and Mundinger
Nays: None
•
9401025-2
Minutes of the BAWA Meeting - October 25, 1994
• The resolution is attached to the minutes as Attachment "A."
Mr. Masterson informed the Board that Moody's had given BAWA an "a" rating
while Standard & Poors had given BAWA a "bbb+ " rating. However, Standard &
Poors had changed its outlook on BAWA from negative to positive.
Adjourn
There being no further business to be transacted, the meeting was adjourned.
isif2611441 —NZ
Peter R. Buenz
Secretary