MINUTES OF THE ANNUAL REORGANIZATION MEETING BUCKS COUNTY WATER & SEWER AUTHORITY

Transcription

1 JANUARY 5, 2016 MINUTES OF THE ANNUAL REORGANIZATION MEETING BUCKS COUNTY WATER & SEWER AUTHORITY PRESENT: Dennis J. Cowley, Richard D. Weaver, Stacey L. Mulholland, Michael P. Gallagher and Helen Bosley CALL TO ORDER: Benjamin W. Jones, CEO, Jeffrey P. Garton, Esquire, Joseph Pizzo, Esquire, John Swenson, P.E., Jason Hillaert, CPA and Anne M. O Toole, Executive Assistant The Chairman called the Annual Reorganization Meeting of the BCWSA to order at 8:30 a.m. Those present pledged allegiance to the Flag of the United States of America. APPOINTMENT OF TEMPORARY CHAIRMAN: Mr. Cowley, Chairman of the Board of the Directors appointed the Solicitor, Jeffrey P. Garton as temporary Chairman. NOMINATIONS FOR OFFICE/ELECTION OF OFFICERS: Mr. Garton solicited nominations for the Offices of the Board of Directors of BCWSA. Ms. Mulholland moved, Mr. Weaver seconded the motion that unanimously elected Dennis Cowley, to the Office of Chairman, Mr. Richard Weaver, as Vice Chairman, Ms. Stacey Mulholland as Secretary, Mr. Michael Gallagher as Treasurer and Ms. Helen Bosley as Asst. Secretary Treasurer. The Solicitor congratulated all of the new officers and turned the meeting over to the Chairman to conduct the remainder of the meeting. SIGNATORIES OF AUTHORITIES FUNDS: unanimously approved any two of a group consisting of the Officers of BCWSA and/or the CEO and the CFO be authorized to sign checks for BCWSA and escrow funds with Developers.

2 Page 2 APPOINTMENTS: Solicitors approved the firm of Begley, Carlin & Mandio as BCWSA s Solicitor for the Year Mr. Weaver moved Ms. Bosley seconded the motion that unanimously approved the firms of Joseph Pizzo & Associates, LLC; Hamburg, Rubin, Mullin, Maxwell & Lupin; Buchanan, Ingersoll & Rooney; Hawke, McKeon & Sniscak; Mason, Griffin & Pierson, P.C., and Fox Rothschild as Solicitors for any conflict work and special projects for the Year Bond Counsel approved the firm of Buchanan, Ingersoll & Rooney as BCWSA s Bond Counsel for the Year Engineers approved the firm of Carroll Engineering Corporation as BCWSA s Engineer for the Year unanimously approved the firms of Tri-State Engineers; Boucher & James, Inc.; Gilmore & Associates; CSL; Howard Wood & Associates, LLC; Policy Navigation Group (PNG) and Gannett Fleming Engineers (Geo Decisions) for conflict work and special projects for the Year Insurance Brokers unanimously approved GMG Insurance Company as BCWSA s Broker of Record, and Bridgepoint Insurance Inc., and Innovative Risk Solutions, as Insurance Consultants for the Year 2016.

3 Page 3 Accounting & Auditors approved Richard Carlin, CPA of Zelenkofske Axelrod LLC, as BCWSA s Auditor and LAM Management Services Inc., for special projects for the Year Financial Investment/Advisors unanimously approved Concord Public Financial as BCWSA s financial investment advisors and also Public Investment Advisors; Susquehanna Group Advisors, Inc.; and Municipal Finance Partners, Inc.; Raftelis Financial Consultants; GAI Consultants, and Alura Business Solutions for special projects for the Year Conferences unanimously approved attendance of Board Members and Management Employees at the following Conferences for the Year 2015: American Water Works Association & Affiliates Water Pollution Control Federation Pennsylvania Municipal Authorities Assoc. Water Environment Federation & Affiliates International Water Association National Association of Water Companies National Association of Clean Water Agencies Society for Human Resource Management Government Officers Finance Association (AWWA) (WPCF) (PMAA) (WEF) (IWA) (NAWC) (NACWA) (SHRM) (GFOA) BANKING INSTITUTIONS: unanimously approved the following Banking Institutions as depositories for the Authority s Accounts as set forth below:

4 Page 4 UNIVEST BANK General Fund Operating Checking Account Payroll Checking Account Health & Welfare Checking Account Developer (s) Escrow (s) HRA Sewer System and Water System Daily Revenue Deposit Account Operating Checking Account Sale of Service Account Neshaminy Operating Account NSC Checking Account SWAP Hedge Account Revenue Fund Settlement Fund (s) Bond Redemption and Improvement Fund Maintenance Reserve Fund Debt Service Fund (s) Debt Service Reserve Fund Restricted Yield Construction Fund (s) In addition, Mr. Weaver moved, Ms. Bosley seconded the motion that unanimously approved Fulton Bank and Meridian Bank for the 2008 Bond Issue Escrow. MEETING SCHEDULE: unanimously approved that the Regular Board Meetings for the Year 2016 be held on the second Tuesday of each month at 8:30 a.m. and the fourth Monday of each month at 7:00 p.m.

5 Page 5 ADJOURNMENT: unanimously approved to adjourn the Reorganization Meeting. DATE SECRETARY NEXT REGULAR BOARD MEETING: IMMEDIATELY FOLLOWING THE REORGANIZATION MEETING