MINUTES OF THE DRINKING WATER BOARD TELECONFERENCE MEETING HELD ON JUNE 6, 2008 IN SALT LAKE CITY, UTAH

 

Board Members Present:                      Board Members Excused:

 

Anne Erickson, Chair                          Myron Bateman, Vice Chair

Ken Bassett                                          Helen Graber, Ph.D.

Danny Fleming                                    David Stevens, Ph.D.

Jay Franson, P.E.                                                        

Paul Hansen, P.E.                                Staff                           

Petra Rust                               

Richard Sprott                                      Ken Bousfield

Ron Thompson                                    Ken Wilde

                        Rich Peterson

                                                            Linda Matulich

 

 

ITEM No. 1 – CALL TO ORDER

 

            The Drinking Water Board teleconference meeting convened in Salt Lake City, Utah with Chairman Erickson presiding.  The meeting was called to order at 9:05 a.m.

 

ITEM NO. 2 – ROLL CALL

 

            Chairman Erickson asked Ken Bousfield to call roll of the Board members.  The roll call showed there were 8 members present.

 

ITEM NO. 3 – INTRODUCTIONS

 

            Chairman Erickson welcomed everyone and asked them to introduce themselves.

 

ITEM NO. 4 – SRF APPLICATION

 

1.      Garden City Funding Request – Rich Peterson

 

Rich Peterson reported on Garden City’s request.  Garden City has a spring under the direct influence of surface water.  The Drinking Water Board and Rural Development (RD) are funding the water treatment plant.  The Drinking Water Board authorized $2.5 million.  RD authorized a $2,024,000 loan and $2,647,000 for a grant.    Garden City needs about $200,000 more for contingency purposes.  Bonnie Carrig, Program Director, recently retired from RD.  Garden City has had to go through the RD office in Denver since Bonnie Carrig left.  The RD grant of $200,000 didn’t get approved.  This has caused some problems for Garden City. 

The SRF/Conservation Committee is recommending that the Board increase the loan by another $200,000 with the same terms of 2.31% interest over 20 years.  This additional funding would raise the contingency to 6%.  The $200,000 would be added to the final payment in the 20th year.  If the Town doesn’t need the entire $200,000, the savings would be taken off of the final loan payment.  The new loan origination fee would be $27,000.    

           

Discussion followed.

           

Ron Thompson moved the Board authorize the $200,000  loan for a total of $2,700,000 with the same terms as previously authorized (2.31% over 20 years).  The $33,000 planning loan would be rolled into the bond for a total of $2,733,000.  The loan origination fee would be $27,000. 

           

Petra Rust seconded.

           

Discussion on motion.  

           

                                                                                    CARRIED

                                                                                    (Unanimous)

 

ITEM NO. 5 – NEXT MEETING

 

            The next Board meeting and tour will be held on:

 

1.  TOUR DATE:  July 10, 2008

TIME:  2:00 p.m.

PLACE:  Kane County Water Conservancy District’s water systems

                     

2.  MEETING DATE:  July 11, 2008

TIME:  9:00 a.m.

PLACE:  Heritage Center

105 North 100 East

Cedar City, Utah  84720       

 

ITEM NO. 6 – OTHER

 

            No other business.

 

ITEM NO. 7 – ADJOURN

 

            Chairman Erickson stated a motion to adjourn the Board teleconference meeting was in order.

 

            A motion was made and seconded to adjourn the Board meeting at 9:17 a.m.

 

 

 

                                                                                        Linda Matulich

                                                                                    Recording Secretary