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06-12-2012 ERMU MIN ELK RIVER MUNICIPAL UTILITIES REGULAR MEETING OF THE UTILITIES COMMISSION HELD AT UTILITIES CONFERENCE ROOM June 12,2012 Members Present: John Dietz, Chair; Daryl Thompson,Vice Chair;Al Nadeau, Trustee ERMU Staff Present: Troy Adams, General Manager; Theresa Slominski, Finance and Office Manager; Mark Fuchs,Line Superintendent;David Berg, Water Superintendent; Wade Lovelette, Technical Services Superintendent; Tom Sagstetter, Conservation&Key Accounts Manager; Judy McSpadden,Recording Clerk Others Present: Cal Portner, City Administrator; Peter Beck,Attorney from Gray Plant Mooty Law Firm; Steve Downer and Greg Oxley,MMUA; Kayla Brennan,McGrahn Shea 1.0 CALL MEETING TO ORDER John Dietz called the June 12,2012 meeting to order at 3:30 p.m. 1.1 Pledge of Allegiance The Pledge of Allegiance was recited. 1.2 Consider Utilities Agenda John Dietz added another item under Other Business. Daryl Thompson moved to approve the June 12,2012 Utilities Agenda. Al Nadeau seconded the motion. Motion carried 3-0. 2.0 CONSENT AGENDA(Approved By One Motion) John Dietz had questions on the check register and financials, staff responded. Discussion followed regarding the NSF policy and the processing of deposits. Daryl Thompson moved to approve the Consent Agenda as follows: 2.1 May Check Register 2.2 May 8,2012 Regular Meeting Minutes 2.3 Financial Statements 2.4 Wellhead Protection Plan 2.5 Video Security System 2.6 CMMPA CAPX2020 Project Revenue Bonds Disclosure Acknowledgement Letter and Exhibit E to Bonds Purchase Agreement 2.7 Annual Water Quality Report Page 2 Regular meeting of the Elk River Municipal Utilities Commission June 12,2012 2.8 Capacity Credit Agreement Notice of Termination Extension 2.9 Pay Equity Compliance 2.10 Policy for Returned Un-Paid Items Revision Al Nadeau seconded the motion. Motion carried 3-0. 3.0 OPEN MIC No one appeared for open mic. 4.0 OLD BUSINESS 4.1 Conflicts of Interest Policy At the May 15, 2012 ERMU Commission meeting, the Minnesota Statute regarding public officers and conflict of interest was discussed. The ERMU Commission directed staff and legal counsel to develop a Conflicts of Interest Policy. A policy mirroring the City of Elk River's conflict of interest policy consistent with Minnesota Statute was developed. In addition, a Resolution Authorizing Contract with an ERMU Board Member or Employee and an Affidavit of Official Interest in Claim templates has been developed. Daryl Thompson moved to approve the Conflicts of Interest Policy and supporting documents. Al Nadeau seconded the motion. Motion carried 3-0. 5.0 NEW BUSINESS 5.1 Year-End Reserves Balances Per ERMU Reserves Policy, annually after the audit the year-end reserve balances shall be reviewed and the ERMU Commission shall consider any balances above or below target levels. Theresa Slominski reviewed the cash balances of the electric and water departments. Discussion followed regarding the unrestricted funds. John Dietz said he would like to designate some of the unrestricted funds for territory acquisition. Troy Adams said $1 million of the unrestricted balance was to cover the PCA's in 2012 and 2013. Daryl Thompson moved to approve that the balance in the unrestricted working capital reserves would be designated as working capital for the electric, one million has been designated to use for the PCA's and the balance would be to remain as working capital designated for future use for territory acquisition or capital projects. The water unrestricted balance to be designated as working capital with the intended future use of capital projects. Al Nadeau seconded the motion. Motion carried 3-0. Page 3 Regular meeting of the Elk River Municipal Utilities Commission June 12,2012 5.2 Jackson Street Water Tower Repairs—Verbal At the May 15, 2012 ERMU Commission meeting staff was directed to get quotes on repairing the lid on the Jackson Street Water Tower. Bolton Menk has worked with ERMU on previous projects and is familiar with the Jackson Street Water Tower. They have informed ERMU that because of the way the ladder was affixed to the tower, the lid should be fine. Discussion followed. Consensus was to leave the tower as is. 5.3 Electric Service Territory Acquisition Options In 1974 Minnesota legislation established a municipal utility's right to grow with their city by acquiring electrical service territory as their city annexed additional area. This historic legislation was supported by both the municipal utilities as well as the cooperative electric utilities. Kayla Brennan of McGrahn Shea law firm discussed the process of acquiring electric service territory. Discussion followed. John Dietz said ERMU should start territory talks now, Troy Adams agreed. Daryl Thompson moved to support developing an offer to acquire remaining electric service territory within the city limits of Elk River. Al Nadeau seconded the motion. Motion carried 3-0. 6.0 OTHER BUSINESS 6.1 Staff Update s Troy Adams noted the MMPA invitation and if two or more commissioners were going a quorum notice would have to be posted. Troy Adams gave an update on the EPA RICE rule changes and the GRE annual meeting he recently attended. John Dietz asked Tom Sagstetter if he has talked to a lot of customers that are in the third tier water rate. Tom Sagstetter responded since the letters were sent he has not heard from anyone. John Dietz asked staff how the printing bids came out, Troy responded. 6.2 Set Date for Next Meeting The next regularly scheduled meeting of the Elk River Municipal Utilities Commission will be Tuesday,July 17,2012, at 3:30 p.m. 6.3 Closing of Meeting: "Meeting to be closed pursuant to MN Statute 13D.05, Subd. 3(c)(3) to develop or consider offers or counteroffers for the purchase or sale of real or personal property." Page 4 Regular meeting of the Elk River Municipal Utilities Commission June 12,2012 a. Call Closed Session to Order b. Discussion c. Adjourn Closed Session In closed session the ERMU Commission decided to pursue developing an offer and directed staff to get proposals from consultants on territory acquisition. 6.4 Adjourn Regular Meeting Al Nadeau moved to adjourn the regular meeting of the Elk River Municipal Utilities Commission at 5:30 p.m. Daryl Thompson seconded the motion. Motion carried 3-0. Minutes prepared by Judy McSpadden. J n J. Dietz IP air,ERMU Commission V OF Tina Allard City Clerk