HomeMy WebLinkAboutJune 8, 1982 Regular SessionMINUTES OF REGULAR MEETING
DENTON COUNTY MUNICIPAL UTILITY DISTRICT NO.1
JUNE 81 1982
THE STATE OF TEXAS ]
COUNTY OF DENTON ]
The Board of Directors of the Denton County Municipal Utility District No.l
met in Regular session on June 8, 1982 at 7:00PM at the sales office of the
Trophy Club, 100 Trophy Club Drive, Roanoke, Texas. The following officers
and members were present:
Dennis Diamond
Jerome Svore
Ernest Steelman
Also present were:
Gilbert Jordan
Willis Brown
Gary Sheffield
Geraldine Sangster
Myrtle McInnis
Harold Foreman
Sherry Johnson
President
Vice President
Secretary
CPA
Manager Trophy Club
Election Judge
Assistant Election Judge
Manager Denton County M.U.D. #1
Recording Secretary
The meeting was called to order by President Diamond at 7:OOPM at the sales
office of the Trophy Club. The President recognized the visitors present
and introduced them to the Board and professional staff.
The President then turned the meeting over to the Manager. The Manager ex-
plained the letter requesting release of pledged securities fron the First
of Fort Worth. The motion was made by Director Svore to release the $10,000
of securities to the bank turning them into negotiable securities. The second
was made by Director Steelman, motion carried unanimously.
Gerladine Sangster then presented the results of the Interest Rate Election
that was held on June 5, 1982. Total of MUD #1 voter turn out was 297. The
proposition passed by a vote of 156 pro and 141 against. The results were
certified by the Board along with the authorization to release payment of
election expenses. This motion was made by President Diamond, second by
Director Svore, motion carried unanimously.
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Willis Brown presented the exhibits that he had prepared to be included in
the Master Contract. He explained briefly the need for a Special Meeting
to study the exhibits. President Diamond and the rest of the Board agreed
and set the date for a Special session on June 22, 1982 at 7:OOPM at the
regular place.
The President then presented to the Board letters from Directors Paul
Tanner and Ron Ridgeway submitting their resignations. Director Tanner's
resignation is effective July 1, 1982 and Director Ridgeway's effective
June 1, 1982. President Diamond then presented a resume' for consideration
from John Peters, 402 Hilltop. The Board discussed the possible appoint-
ment of Mr. Peters to one of the vacant seats left by the resignations.
The President then asked Gilbert Jordan if he would consider one of the
positions available. Mr. Jordan said he would consider the remaining term
of Paul Tanner, this term ending April 1984. Consideration for the appoint-
ment of both seats will come at the next Regular meeting as this was not
an agenda item for this meeting.
The next Regular meeting was set for July 20, 1982 at 7:OOPM at the sales
office of the Trophy Club.
The floor was then turned over to Mr. Foreman. Mr. Foreman explained the memo
handed out prior to the meeting. He explained that our present rate structure
does not have provisions for extra charges for sprinkler systems (fire pro-
tection) for large buildings or any type of rate that would apply to any large
structures that will eventually be a part of this development. After dis-
cussion the Board suggested that the Manager start work on a proposed rate
change to include these things.
The Manager then went over the letter from Pittsburg Testing Laboratory on
the testing of the new pumps purchased for the High Service pump station.
The letter stated the parties that would witness the testing of the 2100GPM
pumps (still to be delivered to the construction site.) (See letter attached)
Then the Manager went over the break down of projected expenses for Bond
Issue #3 mailed to him by Joe Mapes, Freese and Nichols. The discussion was
then brought up about the percentage of the elevated storage tanks MUD #1
would participate in in the future. After some discussion, the Board made the
decicion to participate in the new elevated tank, being built now, by a
percentage of 40.91%, thus waving participation in future elevated tanks by
MUD #1.
The Board then executed a letter presented by Arthur Young Company to
complete the audit for FYE March 31, 1982.
Gary Sheffield then presented his report. He suggested that the Board be
thinking of the next Bond Issue (#3). He stated that the manager along with
the District's CPA start preliminary work on Bond Issue 3 and present it
at the Special meeting on June 22, 1982. The Board agreed and directed
the Manager to go ahead with his part of the preliminary work.
The Board then directed the Manager to go ahead with plans for the architect
to work up plans for the future Municipal Complex.
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The Board also authorized an expenditure in the amount of $742.50 to
be paid to Bill Corsbie for professional services. The motion was made by
Director Svore and second by President Diamond, motion carried unanimously
to release payment to Mr. Corsbie.
There being no further business to discuss President Diamond made the motion
to adjourn, second by Director Steelman, motion carried unanimously.
Board President