2007 02 21 BAWA MinutesMINUTES OF THE REGULAR SESSION MEETING OF THE BOARD OF DIRECTORS OF THE BAYTOWN AREA WATER AUTHORITY February 21, 2007 at 8:00 a.m. The Board of Directors of the Baytown Area Water Authority, Harris County, Texas, met in regular session on Wednesday, February 21, 2007 in the Conference Room, 7425 Thompson Road, Baytown, Texas, with the following in attendance: Robert L. Gillette, President Dan Mundinger, Vice President Peter Buenz, Secretary Dan Conejo, Board Member. Knox Beavers, Board Member Robert L. Gillett, President, opened the meeting at 8:00 a.m. with a quorum present, and the following business was conducted: Consider approval of the minutes for the meeting held on January 17, 2007. Board Member Buenz moved to approve the minutes of the meeting held on January 17, 2007. Board Member Conejo seconded the motion. The vote follows: Ayes: Board Members Buenz, Beavers, Mundinger and Conejo. President Gillette. Nays: None. The motion carried. Consider Proposed Resolution No. 070221-1, authorizing a Water Supply Contract – Treated Water with Harris County Fresh Water Supply District 1-A, subject to the approval of the City of Houston and the City of Baytown. Fred Pack, Director of Public Works explained that the proposed resolution authorizes a Water Supply Contract – Treated Water with Harris County Fresh Water Supply District 1-A (the “District”), subject to the approval of the City of Houston and the City of Baytown.  The proposed agreement is similar to that executed between the Baytown Area Water Authority (BAWA) and the City of Baytown and is consistent with the requirements contained in BAWA’s agreement with the City of Houston.  This contract will supersede the Wholesale Water Supply Contract dated June 19, 1985, and all amendments thereto and will expire December 31, 2027, the same year as the District’s current contract with BAWA.  The contract quantity will remain the same, which is a monthly average of 0.1652 MGD.  The proposed agreement removes the take or pay provisions and the penalty for exceeding the contract quantity contained in the current contract. The project was recommended for approval. Board Member Mundinger moved to approve Resolution No. 070221-1 as submitted. Board Member Conejo seconded the motion. The vote follows: Ayes: Board Members Buenz, Beavers, Mundinger and Conejo. President Gillette. Nays: None. The motion carried. RESOLUTION NO. 2007 - 0003 A RESOLUTION OF THE BOARD OF DIRECTORS OF THE BAYTOWN AREA WATER AUTHORITY AUTHORIZING A WATER SUPPLY CONTRACT – TREATED WATER WITH HARRIS COUNTY FRESH WATER SUPPLY DISTRICT NO. 1-A SUBJECT TO THE APPROVAL OF THE CITY OF HOUSTON AND THE CITY OF BAYTOWN; AND PROVIDING FOR THE EFFECTIVE DATE THEREOF. Receive and discuss the investment report for the calendar quarter ended December 31, 2006. The Board received the quarterly investment report for the calendar quarter ended December 31, 2006, as required by the Authority’s Investment Policy. Manager’s Report. Rhonda Young, Director of Finance gave the results of the Parameter Sale for BAWA Water Supply Contract Revenue Refunding Bonds, Series 2007. The final number of $290,639 exceeded the original expectations of $250,000 and 4% in savings. Board President Gillette, on behalf of the BAWA Board commended Gary Jackson, General Manager for his years of dedicated service and wished him the best in his future endeavors. Gary Jackson, General Manager, thanked the Board for their support and good wishes. Adjourn: With no further business Board Member Mundinger motioned to adjourn the meeting. Board Member Conejo seconded the motion. The vote follows Ayes: Board Members Mundinger, Buenz, Beavers and Conejo. President Gillette Nays: None. The motion carried and the meeting adjourned at 8:05 a.m. _____________________________________ Lorri Coody, Assistant Secretary