Lake Wenatchee Water District

                                              Commissioners Meeting

                                                   October 24, 2013

                                               at Station 9 Fire House

Commissioners Present: President- Bruce Harris (via Skype), Secretary- Bonnie Klasell Commissioner Landis Bohn

Staff Present: Clerk Elaine Kinney, Operator Charlie Cruickshank

Professional: Marc Marquis, attorney; Darwin Parker, Banner Bank; Cynthia Weed, K & L Gates (via conference phone)

Guests: Barb Harris, Jim Ratley (both via Skype)

Commissioner Klasell opened the meeting at 10:00 am and acknowledged a quorum existed

Project Issues

ULID/LID Issues, Banner Bank Financing;

Cynthia Weed explained the differences between LIDs (Local Improvement Districts) and ULIDs (Utility Local Improvement Districts) and her legal expertise in bond financing.

Darwin Parker presented Banner Bank’s proposal to purchase a $1.5 million revenue bond from the district.  A conversion from our current LID to an ULID is a requirement of the proposal.  Cynthia Weed would assist in this process; her fee would be $11k (flat fee) and paid from bond funds. She also provides bond insurance for this fee. The commissioners then discussed the terms of the proposal with Darwin Parker in detail.

Karen Kornher had sent a brief email to Commissioner Klasell on October 23, 2013 that summarized an additional funding option suggested by Karen Klocke using the State Revolving Funds (SRF) for 2015.  Ms. Klocke mentioned to her when attending the IACC conference, that they could possibly loan us the balance of the projects costs needed post-construction with 50% forgiveness within the next 2 years.  We still need to obtain financing for the interim, and she suggested we look at RCAC as well.  Commissioner Klasell will contact RCAC and present their option at the meeting on November 14, 2013.  Hopefully by then we will have received a firm commitment from SRF so a decision can be made at that meeting whether or not to proceed with Banner Bank or RCAC.

Parcel Sub plats issues regarding LID assessment:

I was unable to clarify what really was happening levitra in uk in my body as i personally wasn’t aware that i was having erectile dysfunction. Sex is an instinctive action that cipla india viagra provides fulfillment for people of all types. Utilizing an online pharmacycan help you save significant amounts viagra cipla discover now of money. This will be determined by the description of all these forms and users can take any of them viagra online stores at all. Marc Marquis indicated that if the original property was in the LID that the sub-platted parcels would be subject to the LID Assessment.

Water Right Transfers:

We have thus far received approval for the LWWU and the Bob West transfer.  Marc will be resubmitting the other transfer permits to Department of Ecology (DOE) that have been revised based on their suggestions to the Conservancy Board. Ecology then has 90 days before they need to approve or recommend further changes.  Marc is fairly confident that with the revisions that they will be approved.

USFS Permit:

Commissioner Harris spoke with Rick Pringle of the Leavenworth Forest Service Office with this outcome: There was an indication that there may be a delay due to the Okanogan FS requirement for an additional EPA study.  The situation has changed as of late Oct 23.  With the schedule information that Karen Kornher was able to provide, they have backed off on this requirement and we are back on the previous time line.  Apparently there was some concern in the supervisor’s office on how all this impacts the NEPA output.  Rick is preparing the final documentation for the 45 day comment period advertising and if there are no negative comments then the permit will be issued shortly thereafter (probably early January).

System Issues

Snow Removal Bid: We received written bids from Mike Dickinson and Tim Gellatly.  Tim’s was the lowest bid.  Commissioner Klasell motioned to accept Tim Gellatly’s bid, Commissioner Harris seconded passed. Clerk Kinney will notify both bidders.

Mountain Park No Water Emergency:

The check valve in the well failed, so Charlie contacted Tumwater and had if fixed. There was also a hole in the pipe which he fixed. Tumwater also found that two of the three pressure tanks that are being used are bad.  Tumwater is going to provide LWWD with a bid for replacing those tanks.  Charlie will provide the parameters for the work to be done and if there are other contractors on our small works roster that are qualified to do the work, we will ask for their bids as well.

Another issue with the Mountain Park system:

The county was cleaning out culverts on the main highway and broke a water line, which they repaired temporarily, but it needs to be redone and insulated for winter. Commissioner Klasell moved to authorize Charlie to make the necessary repairs to the broken water line, Commissioner Bohn seconded, passed.

Charlie also noticed that the Lake Wenatchee Water pump house lock needed some repair.  He took the lock off and had it rekeyed so the key matches the Whispering Pines and Brown Road key.  That way we have a universal key for all pump houses.

Commissioner Klasell moved to waive the reading of the minutes and sign the minutes as written, Commissioner Harris seconded, passed.

The next meeting is November 14th, 2013

Commissioner Klasell moved to adjourn the meeting at 12:30 pm, Commissioner Harris seconded, meeting adjourned.

                                                       Lake Wenatchee Water District

                                                           Commissioners Meeting

                                                                October 10, 2013

                                                           at Station 9 Fire House

Commissioners Present: President-Bruce Harris (via Skype), Secretary- Bonnie Klasell Commissioner Landis Bohn

Staff Present: Clerk Elaine Kinney, Charlie Cruickshank

Professional: Darwin Parker, Banner Bank

Guests: Barb Harris, Jim Ratley (both via Skype)

Commissioner Klasell called the meeting to order at 10:00 am, acknowledged a quorum and announced those present.

Commissioners Klasell motioned waive the reading of the minutes and accept as written the Sept. 26, 2013 minutes, Commissioner Bohn seconded, passed.

Project Issues

Additional Financing Options:

Darwin Parker, representing Banner Bank, presented the bank’s plan for helping the water district to obtain additional financing for the project. He suggested that the District have an ULID vs. a LID.  The Commissioners felt that we have a ULID, but it will be verified. He also presented Banner Banks history of helping entities such as the District as well as his experience as a County officer.

Mr. Parker said they would issue funds as a Revenue Bond.  It would be set up initially as a Bond Anticipation Loan (similar to a line of credit) with an “up-to” limit amount. After project completion, it will convert to an ULID Revenue Bond paid by using the ULID assessments received.  If there is any issue with recovering assessment amounts, the District could use revenues.

The interest rates would reset every 5-7 years.  They would use a formula based on a set percentage with a total cap, using the Federal Home Loan of Seattle as index.

Mr. Parker also pointed out that if a home owner challenged the fact that the total ULID assessment does not increase the property value by the ULID amount, they would have to obtain a professional assessment before and after the completion of the project at the home owner’s expense.  If they could prove the challenge, then the difference would be spread over the rest of the properties.
Once you have moved your awareness down into your body, just sit calmly in that state for a few moments and notice cheap viagra india the positive effect that you are expecting off. It ensures more blood supply to you could look here buy viagra online the reproductive organs by dilating the blood vessels. The Sildenafil Citrate is a Pde5 inhibitor which unwinds muscles that line the blood vessels viagra samples in canada raindogscine.com of the penis permitting more blood to enter the penis when sexually stirred and serving to keep up an erection. cialis price canada Abdominal exercises palpation is accomplished to make the decision and see if the origin of mid back pain might well be wood involved (a.he.
Commissioner Klasell presented other revenue avenues from Cashmere Bank, Key Bank and Municipal Bonds. The commissioners then spent quite some time discussing all of the District’s options for procuring the additional funding needed to complete the project.

Commissioner Klasell motioned to pursue financing with Banner Bank, Commissioner Harris seconded, passed. 

USFS Permit:  As a result of the government shutdown, the project is on hold.

Maria Meyer Letter regarding the LID addition: Commissioner Klasell moved to accept the letter which indicates that she wants to be added to the District which corrects the clerical error omitting her parcel, Commissioner Bohn seconded, passed.

Administrative

Commissioner Klasell distributed the reconciled Treasurer’s Report for September 2013; as of 9/30/13 our funds are $25,256.56 at the County, Imprest balance is $562.36, past due accounts amount to $1,818.96.

Commissioner Klasell distributed the updated DWSRF budget as of 9/30/13.

Commissioner Klasell moved to sign the A19 voucher #20 for $17,036.98 and supporting CPF warrant. Motion seconded by Commissioner Bohn, passed.

The payroll voucher did not make it to the meeting therefore Commissioner Bohn moved to authorize Commissioner Klasell to sign the Payroll voucher for September in the amount of $1,426.50. Motion seconded by Commissioner Harris, passed.

Commissioner Klasell distributed the updated O&M budget as of 9/30/13.

Commissioner Klasell moved to sign the O&M warrant in the amount of $1,942.43 .  Motion seconded by Commissioner Harris,            passed. Imprest account does not need reimbursement as balance is above the $500 min level.  Last month we spent $32.49 from Imprest for a laptop bag.

Bill Burgess shutoff and billing:  Commissioner Klasell motioned to prorate the final payment amount by one month and 7 days, Commissioner Harris seconded, passed.

System Issues

Operator Cruickshank checked the leak in the Lester Addition.  The water loss has stopped and he no longer hears a leak. The water usage has returned to normal.

Commissioner Klasell moved to adjourn the meeting at 12:00noon, Commissioner Bohn seconded, passed.

The next meeting will be held at October 24th at 10 am.