PUBLIC HEARING OF THE
BOARD OF WATER, ELECTRIC,
AND COMMUNICATIONS TRUSTEES
OF THE CITY OF MUSCATINE, IOWA
APRIL 30,2013-5:26 P.M.
The Board of Trustees conducted a public hearing in Muscatine Power and Water's
Administration/Operations
Building, 3205 Cedar Street, Muscatine, Iowa, on Tuesday, April 30th
at 5:26p.m.
Chairperson Heidbreder called the public hearing to order. Members of the Board were present
as follows: Trustees Tracy McGinnis, Scott lngstad, Joan Axel, and Warren Heidbreder.
Also present were Sal LoBianco, General Manager of Muscatine Power and Water; Duane J.
Goedken, Board Attorney; Charles Potter, Muscatine Journal; Erika Cox, Brandy Olson, Tim
Reed, Gage Huston, and Brenda Christensen of Muscatine Power and Water.
The purpose of the public hearing was to receive any citizens' comments regarding the A/0
North Parking Lot- Phase 2 Project.
Ms. Christensen, the acting Board Secretary, opened the public hearing at 5:26p.m. to receive
any citizens' comments regarding the A/0 North Parking Lot- Phase 2 Project.
Ms. Christensen stated that no written or oral comments were received regarding this project,
and that the public hearing notice was published as required by the Code of Iowa.
A resolution passed approving the final plans and specifications of the project.
RESOLUTION 13-07
WHEREAS, the Board of Water, Electric, and Communications Trustees of the
City of Muscatine, Iowa has given tentative approval to plans and specifications
for the A/0 North Parking Lot- Phase 2 Project; and,
WHEREAS, bids have been received and there are no written or oral objections
to proceeding
with this project; now therefore,
BE IT RESOLVED, by the Board of Water, Electric, and Communications Trustees
of the City of Muscatine, Iowa, that the plans and specifications for the A/0
North Parking Lot- Phase 2 Project be adopted.
Trustee
lngstad moved, seconded by Trustee McGinnis, that the said resolution should be
passed, approved, and adopted this 30thth day of April 2013. On roll call Trustees Axet lngstad,
McGinnis, and Heidbreder voted aye. Voting nay, none. Resolution carried.
At 5:27 the Secretary closed the public hearing for the A/0 North Parking Lot- Phase 2 Project.
BOARD
OF WATER, ELECTRIC, AND
COMMUNICATIONS TRUSTEES OF
CITY OF MUSCATINE, IOWA
Brenda K. Christensen
Acting Board Secretary
PUBLIC HEARING OF THE
BOARD OF WATER, ELECTRIC,
AND COMMUNICATIONS TRUSTEES
OF THE CITY OF MUSCATINE, IOWA
APRIL 30, 2013-5:28 P.M.
The Board of Trustees conducted a public hearing in Muscatine Power and Water's
Administration/Operations
Building, 3205 Cedar Street, Muscatine, Iowa, on Tuesday, April
30th at 5:28p.m.
Chairperson Heidbreder called the public hearing to order. Members of the Board were
present
as follows: Trustees Doyle Tubandt, Tracy McGinnis, Scott lngstad, Joan Axel, and
Warren Heidbreder.
Also present were Sal LoBianco, General Manager of Muscatine Power and Water; Duane J.
Goedken, Board Attorney; Charles Potter, Muscatine Journal; Erika Cox, Brandy Olson, Tim
Reed, Gage Huston, and Brenda Christensen of Muscatine Power and Water.
The purpose of the public hearing was to receive any citizens' comments regarding the
Progress Park Treatment 24" Bypass Construction Project.
Ms. Christensen, the acting Board Secretary, opened the public hearing at 5:28 p.m. to
receive any citizens' comments regarding the
Progress Park Treatment 24" Bypass
Construction Project.
Ms. Christensen stated that no written or oral comments were received regarding this
project,
and that the public hearing notice was published as required by the Code of Iowa.
A resolution passed approving the final plans and specifications of the project.
RESOLUTION 13-08
WHEREAS, the Board of Water, Electric, and Communications Trustees of the
City of Muscatine, Iowa has given tentative approval to plans and
specifications
for the Progress Park Treatment 24" Bypass Construction
Project; and,
WHEREAS, bids have been received and there are no written or oral
objections to proceeding with this project; now therefore,
BE IT RESOLVED, by the Board of Water, Electric, and Communications
Trustees
of the City of Muscatine, Iowa, that the plans and specifications for
the Progress Park Treatment 24" Bypass Construction Project be adopted.
Public Hearing Minutes
April
30, 2013
Page 2 of2
Trustee Axel moved, seconded by Trustee McGinnis, that the said resolution should be
passed, approved, and
adopted this 30thth day of April 2013. On roll call Trustees Axel,
lngstad,
McGinnis, Tubandt, and Heidbreder voted aye. Voting nay, none. Resolution carried.
At 5:29
the Secretary closed the public hearing for the Progress Park Treatment 24" Bypass
Construction
Project.
BOARD OF WATER, ELECTRIC, AND
COMMUNICATIONS TRUSTEES OF
CITY OF MUSCATINE, IOWA
Brenda K. Christensen
Acting Board Secretary
OFFICIAL PROCEEDINGS OF THE
BOARD OF WATER, ELECTRIC,
AND COMMUNICATIONS TRUSTEES
OF THE CITY OF MUSCATINE, IOWA
APRIL 30, 2013-5:30 P.M.
The Board of Trustees met in regular session at Muscatine Power and Water's
Administration/Operations Building,
3205 Cedar Street, Muscatine, Iowa, on Tuesday, April
30, 2013, at 5:30p.m.
Chairperson
Warren Heidbreder called the meeting to order. Members of the Board were
present
as follows: Trustees Doyle Tubandt, Tracy McGinnis, Scott lngstad, Joan Axet and
Warren Heidbreder.
Also present were Sal LoBianco, General Manager of Muscatine Power and Water; Duane
Goedken, Board Attorney; Charles Potter, Muscatine Journal; Brandy Olson, Tim Reed, Gage
Huston, Erika Cox, and Brenda Christensen of Muscatine Power and Water (MP&W).
Chairperson
Heidbreder asked if there was anyone in attendance who wished to make any
public comments. There were no public comments.
The minutes of the March 28, 2013, regular meeting were presented as previously submitted
to
all Board members in written form. Trustee Axel moved, seconded by Trustee McGinnis,
that
the March 28, 2013, meeting minutes be approved as submitted. After discussion, all
Trustees present voted aye. Motion carried. Meeting minutes of the March 20, 2013, and
March 28, 2013, Audit/Finance Committee Meetings were received and placed on file.
The list of expenditures and transactions for March 2013 was presented as previously sub-
mitted
to all Board members in written form. After review and discussion of the
expenditures, Trustee
lngstad moved, seconded by Trustee Tubandt to ratify payment of
$3,663,125.96
for the Electric Utility, $302,973.26 for the Water Utility, and $787,090.63 for
the Communications Utility,
for a cumulative total of $4,753,189.85. All Trustees present
voted aye. Motion carried.
Mr. LoBianco reviewed the previously submitted memorandum
to all Board members
regarding the receipt and evaluation
of bids for the A/0 North Parking Lot Concrete Repairs
- Phase 2 Project; this project was approved with the 2013 Operating Budget. Specifications
pertaining
to the subject were mailed to twenty-three {23) potential bidders. A total of nine
(9) bids were received, opened publicly, and read aloud on April 4, 2013. The total approved
expenditure
for this project is $192,500; with a published estimate of $173,250. The bids
were reviewed
and conformance of the low bidder to the specifications was established.
MP&W Management recommended that the low bidder, Heuer Construction, Inc. of
Muscatine, Iowa, be awarded the contract for A/0 North Parking Lot Concrete Repairs -
Phase 2 Project for the total contract price of $170,330.43, which included a $9A99.75
increase to the base bid
for additional work. After review of the project, the following
resolution
was submitted:
Board Minutes
April 30, 2013
Page 2 of9
RESOLUTION 13-09
WHEREAS, it appears in a written report from Muscatine Power and Water
Management
that the bid for the A/0 North Parking Lot Concrete Repairs- Phase 2
Project,
as submitted by Heuer Construction, Inc. of Muscatine, Iowa, in the amount
of
$170,330.43,
was the best and lowest bid received; now therefore,
BE IT RESOLVED by the Board of Water, Electric, and Communications Trustees of
the City of Muscatine, Iowa, that the proposal from Heuer Construction, Inc. of
Muscatine, Iowa, in the amount of
$170,330.43
for the A/0 North Parking Lot
Concrete Repairs- Phase 2 Project was hereby accepted as submitted; and,
BE IT FURTHER RESOLVED, that the General Manager and Secretary of the Board
were hereby authorized, empowered, and directed
to execute a contract in the sum
approved by
the Board of Water, Electric, and Communications Trustees.
Trustee
Axel moved, seconded by Trustee Tubandt, that the resolution should be
passed, approved, and adopted this
30th
day of April
2013.
On roll call Trustees Tubandt,
McGinnis,
lngstad, Axel, and Heidbreder voted aye. Voting nay, none. Resolution
carried.
Mr. LoBianco reviewed
the next agenda item previously submitted to all Board members
regarding the receipt and evaluation
of bids for the Progress Park Treatment
24"
Bypass
Construction -
2013
Project; this project was approved with the
2013
Operating Budget.
Specifications pertaining
to the subject were mailed to twenty
(20)
potential bidders. A total
of five
(5)
bids were received, opened publicly, and read aloud on April
2, 2013.
The total
approved expenditure for this project is
$442,200
with a published estimate of
$397,980.
The bids were reviewed and conformance of the low bidder to the specifications was
established. MP&W Management recommended that the low bidder, Sulzberger Excavating,
Inc. of Muscatine, Iowa, be awarded the contract for Progress Park Treatment
24"
Bypass
Construction -
2013
Project for the total contract price of
$417,162.23,
which included an
option amounting to
$5,000
increase to the base bid. After review of the project, the
following resolution was submitted:
RESOLUTION 13-10
WHEREAS, it appears in a written report from the Muscatine Power and Water
Management
that the bid for the Progress Park Treatment
24"
Bypass Construction
- 2013
Project, as submitted by Sulzberger Excavating, Inc. of Muscatine, Iowa, in
the amount
of
$417,162.23,
was the best and lowest bid received; now therefore,
BE IT RESOLVED by the Board of Water, Electric, and Communications Trustees of
the City of Muscatine, Iowa, that the proposal from Sulzberger Excavating, Inc. of
Muscatine, Iowa, in the amount of
$417,162.23
for the Progress Park Treatment
24"
Bypass Construction-
2013
Project was hereby accepted as submitted; and,
Board Minutes
April 30, 2013
Page 3 of9
BE IT FURTHER RESOLVED, that the General Manager and Secretary of the Board
were hereby authorized, empowered,
and directed to execute a contract in the sum
approved by the Board of Water, Electric, and Communications Trustees.
Trustee McGinnis moved, seconded by Trustee
lngstad, that the resolution should be
passed, approved, and adopted this 30th day of April 2013. On roll call Trustees
Axel, lngstad, McGinnis, Tubandt, and Heidbreder voted aye. Voting nay, none.
Resolution carried.
The next item on the agenda was approval of the NPDES Thermal 316(a) Variance Request
Demonstration Studies
Project with an expenditure of $340,000. Mr. LoBianco stated that
MP&W will challenge onerous cooling water temperature discharge limits that are being
imposed
on MP&W generating units by Iowa Department of Natural Resources (IDNR) in the
National Pollutant Discharge Elimination System (NPDES) renewal permit. Clean Water Act
regulations require certain data and studies be conducted to justify variation from the limits
set forth in the new NPDES permit. Mr. LoBianco continued that this project will utilize the
services
of a consultant to perform a number of tasks necessary to justify the variance
request,
including thermal plume studies, fish sampling and comparison of such data to prior
sampling, mussel studies, and hydrothermal modeling, with the goal being to prove that the
temperature
limits in the new NPDES permit are more stringent than necessary to protect
the indigenous
shellfish and fish in the Mississippi River. After review and discussion, Trustee
Tubandt
moved, seconded by Trustee lngstad, to. approve the NPDES Thermal 316{a)
Variance Request Demonstration Studies
Project. All Trustees present voted aye. Motion
carried.
Mr. LoBianco introduced the next item
on the agenda as approval of Unit 8A Turbine and
Gear Reducer Overhaul Project with an expected expenditure of $500,000 to perform a
routine
overhaul of the Unit 8A turbine & gear reducer. This project was originally scheduled
to take place in May 2014; however, MP&W Staff has recently identified some significant
degradation
of operational efficiency on the turbine. Due to these operational concerns,
MP&W Management is recommending that this overhaul be completed in May 2013, one
year ahead
of the original schedule. A project that was approved and scheduled with the
2013 Operating Budget to perform an overhaul of the Unit 8A generator in 2013 costing
$127,000 will be postponed until May 2014, therefore increasing the Electric Utility's
operating expenses by $373,000 for 2013. After review and discussion, Trustee Axel moved,
seconded
by Trustee McGinnis, to approve the Unit 8A Turbine and Gear Reducer Overhaul
Project. All
Trustees present voted aye. Motion carried.
The next item on the agenda was a Recommendation for Final Acceptance for the Construct
Well
43 at Grandview Well Field- 2012 Project. Mr. LoBianco told the Board that this project
was approved at the July 31, 2012 Board meeting with an estimated expenditure of
$250,000 and awarded to Northway Corporation. Work covered by this contract is complete
and has been reviewed by MP&W Management and found to be in accordance with the
specifications. A
Contract Change Order was submitted and MP&W Management
recommends
approval by the Board of Trustees for a net increase in the amount of
Board Minutes
April30, 2013
Page 4 of9
$1,311.40,
for a new final contract price of
$198,147.65.
MP&W Management recommends
proceeding
with final acceptance and release of retainage.
After discussion and review,
the following resolutions were submitted:
RESOLUTION 13-11
WHEREAS, Contract Change Order No. 1 has been prepared for the Construct Well
43
at Grandview Well Field-
2012
Project in the increased amount of
$1,311.40
and
said Contract Change Order was reviewed by the Board, and Muscatine Power and
Water Management
has recommended approval of said Contract Change Order;
now therefore,
BE IT RESOLVED, by the Board of Water, Electric, and Communications Trustees that
said Contract Change Order in the increased amount of
$1,311.40
be approved for
an amended contract price of
$198,147.65
for the Construct Well
43
at Grandview
Well Field -
2012
Project.
Trustee Axel moved, seconded by Trustee lngstad, that said resolution be passed, approved,
and adopted this
30th
day of April
2013.
On roll call, Trustees Tubandt, McGinnis, lngstad,
Axel,
and Heidbreder voted aye. Voting nay, none. Resolution carried.
RESOLUTION 13-12
WHEREAS, it appears in a written report from Muscatine Power and Water
Management
that the contract with Northway Corporation for the Construct Well
43
at Grandview Well Field-
2012
Project in the final amount of
$198,147.65
has been
substantially completed in accordance with
the project specifications and the rec-
ommendation has been made
that said contract be accepted by the Board of Water,
Electric, and Communications Trustees
of the City of Muscatine, Iowa; now
therefore,
BE IT RESOLVED, by the Board of Water, Electric, and Communications Trustees of
the City of Muscatine, Iowa, that the Construct Well
43
at Grandview Well Field -
2012
Project, furnished under the above named contract be accepted and approved
by the Board; and,
BE IT FURTHER RESOLVED, that five percent (5%) of the contract price be retained
for a period
of thirty-one
(31)
days from and after the date of resolution, all in accor-
dance with the provisions of the Code of Iowa.
Trustee Axel moved, seconded by Trustee lngstad, that said resolution be passed, approved,
and adopted this
30th
day of April
2013.
On roll call, Trustees Axel, lngstad, McGinnis,
Tubandt, and Heidbreder voted
aye. Voting nay, none. Resolution carried.
The next item on the agenda was a recommendation to approve a revised project summary
form
for the ISP Core Network Enhancement Project for
$161,800;
this project was originally
submitted in
2012
to upgrade the ISP Core Network for a total project cost of
$35,500.
Mr.
Board Minutes
April30, 2013
Page 5
of9
LoBianco explained that the project is necessary to upgrade the core network to provide full
redundancy, increased capacity to between network devices to meet current bandwidth
needs and provide future expansion
capability, and to support other network devises. Upon
a thorough review
of our network by a consultant, an RFP was issued to perform the
necessary network upgrade; responses
to the RFP resulted in higher project costs than
originally anticipated. The original project scope has changed to include the addition of two
gateway routers and professional installation services. The addition of the gateway routers
was a recommendation to meet 'best network practices' in order to provide network
resiliency and redundancy. To offset the additional costs for this project, other capital
projects will be deferred to ensure that the overall Communications capital budget will not
be exceeded. After additional discussion, Trustee McGinnis moved, seconded by Trustee
lngstad, that the revised project summary form for the ISP Core Network Enhancement
Project be approved in the amount of $161,800. All Trustees present voted aye. Motion
carried.
Mr. LoBianco introduced the next agenda item, asking the Board
to approve a revised
project summary form
for the PM
2.5
Reduction Projects with an expenditure of $120,000. A
project
was previously approved with the 2013 Operating Budget entitled "#8 Bottom Ash
Haul Road Paving (PM
2.5
Requirement)" to pave a roadway near the Unit 8 Bottom Ash pile
to reduce the modeled fugitive PM
2.5
in this area. Since the time of project approval, MP&W
Management have been working with IDNR to finalize PM
2
.s
emission modeling. As a result
of these efforts, MP&W will be pursuing some additional PM
2.5
reduction modifications at
the
Plant site. These additional modifications have been rolled into the original project, thus
requiring a revision
to the project costs and title. The revision will result in an increase of
project cost from $50,000 to $120,000, or an increase of
$70,000.
After additional
discussion, Trustee
lngstad moved, seconded by Trustee Axel, that the revised project
summary form
for the PM
2.5
Reduction Projects be approved in the amount of $120,000. All
Trustees present voted aye. Motion carried.
Mr. LoBianco stated
that the next item on the agenda was to approve an electric rate
adjustment
for 2013 and 2014. He reminded the Board that at the March Board of Trustees
meeting,
MP&W Management, along with Russ Hissom of Baker Tilly Virchow Krause, LLP
(BTL presented the results of the Cost of Service/Rate Design Study with a recommendation
that a revenue adjustment of four percent (4%) be implemented effective August 1, 2013
and August 1, 2014, for Electric Utility customers. Mr. LoBianco continued that MP&W
Management met with Industrial II Customers personally and all other Industrial Customers
received a letter notifying them of the pending increase, including the reactivation of the
Energy Adjustment
Clause (EAC). After discussion and review, the following resolution was
submitted:
RESOLUTION
13-13
WHEREAS, certain studies have been made of the financial condition of the Electric
Utility
and presented to the Board of Water, Electric, and Communications Trustees
for its consideration; and,
Board Minutes
April30, 2013
Page 6 of9
WHEREAS, the Board has reviewed these studies and determined that revenue
increases are necessary
to keep the Electric Utility in sound financial condition; now
therefore,
BE IT RESOLVED, by the Board of Water, Electric, and Communications Trustees of
the City of Muscatine, Iowa that the electric revenue be increased by a four percent
(4%) overall increase, effective with electric usage starting August 1, 2013, and
August
1, 2014; and,
BE IT FURTHER RESOLVED, that the energy adjustment clause be reactivated
effective August
1, 2013 using a six-month rolling average; and,
BE IT FURTHER RESOLVED, that said increases be effected by adoption of the rates
proposed by Baker
Tilly Virchow Krause, LLP (BT) Cost of Service/Rate Design Study
dated March 2013, with modification recommended by BT in their April 8, 2013,
memo; and,
BE IT FURTHER RESOLVED, that proper notice be given to contract customers in
accordance
with the terms of the contracts.
Trustee
lngstad moved, seconded by Trustee Axel, that said resolution be passed, approved,
and adopted this
30th day of April 2013. On roll call, Trustees Tubandt, McGinnis, lngstad,
Axet
and Heidbreder voted aye. Voting nay, none. Resolution carried.
Mr. LoBianco stated
that the 2012 Muscatine Power and Water Annual Report has been
completed and introduced Ms. Cox to present the report. Ms. Cox pointed out that the
annual reports had been distributed to each of the Board members and asked if they had
any questions about the report. She reminded the Board that Sycamore Printing was in the
second year
of a two year publication contract and that staff at Sycamore Printing were very
good
to work with, met all deadlines, and produced a quality report. She went on to explain
how and to whom the annual report would be distributed to, including customer/owners
and
employees. Trustee lngstad moved, seconded by Trustee McGinnis, that the 2012
Annual
Report be received and placed on file as submitted. Motion c.arried. All Trustees
present voted aye.
Mr. LoBianco informed the Board that a public hearing will need to be held on the Issuance
of Debt for the Electric Utility. He reminded the Board that in May of 2012 the Board
entered into a
$10M line of credit (LOC) with the three local banks. The LOC was entered
into
to provide backup liquidity, deemed necessary due to low operating/reserve cash and
investment
balances; that coupled with soft wholesale energy prices and a larger than
anticipated
coal pile inventory, tying up cash, necessitated backup liquidity. Thus far in 2013,
liquidity
conditions have improved significantly, primarily due to higher wholesale energy
prices
and volumes; with improved wholesale energy volumes, the coal inventory has
reduced significantly from what it was in 2012, converting coal to cash. MP&W Management
believes the LOC is still warranted for the Electric Utility, but should be reduced to $5 million.
The lower LOC was discussed with the Audit Finance Committee at the March 28, 2013
meeting and the committee concurred with the recommendation. After additional
discussion, the following resolution was submitted:
Board Minutes
April30, 2013
Page 7 of9
RESOLUTION 13-14
Resolution to fix a date for a public hearing on a loan agreement in a principal
amount not to exceed $5,000,000
WHEREAS, the City of Muscatine, in the County of Muscatine, State of Iowa
(hereinafter referred to as the "City"), did heretofore establish the Municipal Electric
Utility System (the "Electric System") in and for the City, which has continuously
supplied electric
light, power and energy service in and to the City and its
inhabitants since its establishment;
and
WHEREAS, the Muscatine Power and Water Management and control of the Electric
System are vested
in the Board of Trustees of Water, Electric, and Communications
(the
"Board") of the City doing business as Muscatine Power and Water (the
"Utility"); and
WHEREAS, the Board proposes to cause the Utility to enter into a loan agreement
(the
"Loan Agreement") in a principal amount not to exceed $5,000,000, pursuant to
the provisions
of Section 384.24A of the Code of Iowa, for the purpose of funding
costs
and expenses, making improvements and operating the Electric System;
NOW, THEREFORE, It is resolved by the Board, as follows:
Section
1.
This Board shall meet on the 28th day of May, 2013, at the Muscatine
Power and Water Administration Building, 3205
Cedar Street, Muscatine, Iowa
52761, at 5:28 p.m., at which time and place a hearing will be held and following the
hearing, a meeting
will be held at 5:30 p.m., at which meeting proceedings will be
considered and action taken to enter into the Loan Agreement.
Section
2. The Board Secretary is hereby directed to give notice of the proposed
action on the
Loan Agreement setting forth the amount and purpose thereof, the
time
and place where the said meeting will be held, by publication at least once, and
not less than 4 nor more than 20 days before the date of said meeting, in a legal
newspaper which has a general circulation in the City. The notice shall be in
substantially the following form:
NOTICE OF PROPOSED ACTION TO INSTITUTE PROCEEDINGS
TO ENTER INTO A LOAN AGREEMENT AND BORROW
MONEY IN A PRINCIPAL AMOUNT NOT TO EXCEED $5,000,000
(ELECTRIC
REVENUE)
The Board of Trustees of Water, Electric, and Communications (the "Board")
of the City of Muscatine, Iowa (the "City") doing business as Muscatine Power
and Water (the "Utility"), Muscatine, Iowa, will meet on the 28th day of May,
2013, at the Muscatine Power and Water Administration Building, 3205
Cedar
Street, Muscatine, Iowa 52761, at 5:28p.m., at which time and place a
hearing
will be held and following the hearing, a meeting will be held at 5:30
p.m., at which meeting proceedings will be considered and action taken to
enter into a loan agreement (the "Loan Agreement") and borrow money in a
Board Minutes
April
30,2013
Page 8 of9
principal amount not to exceed $5,000,000, for the purpose of funding costs
and expenses, making improvements and operating the municipal electric
utility system.
The Loan Agreement will not constitute a general obligation of the City, nor
will it be payable in any manner by taxation, but will be payable solely and
only from the net revenues
of the Utility.
The Loan Agreement is proposed to be entered into pursuant to authority
contained
in Section 384.24A of the Code of Iowa.
At the time and place set out above, oral or written objections may be filed or
made to the proposal to enter into the Loan Agreement. After receiving
objections, the
Board may determine to enter into the Loan Agreement, in
which case, the decision will be final unless appealed to the District Court
within fifteen {15} days thereafter.
By order of the Board of Water, Electric, and Communications Trustees of the City
of Muscatine, Iowa.
Donald W. Kerker
Board Secretary
Section 3. All resolutions or parts of resolutions in conflict herewith are hereby
repealed to the extent of such conflict.
Trustee Axel moved, seconded by Trustee Tubandt, that said resolution recommending a
public hearing for the 2013 Electric Utility Financing be set for 5:28pm on May 28, 2013, be
passed, approved, and adopted this 30th day of April 2013. On roll call, Trustees Tubandt,
McGinnis,
lngstad, Axel, and Heidbreder voted aye. Voting nay, none. Resolution carried.
In the General Manager's report, Mr. LoBianco reviewed his previously submitted memo-
randum
that included Ms. Olson's APPA Legislative Rally update.
The YTD and March Financial Operating Statements and Balance Sheets were presented as
previously submitted to all Board members in written form. Mr. LoBianco stated that
financials would be covered in the Key Performance Indicators presentation. Trustee Axel
moved, seconded by Trustee Tubandt, to receive and place on file the YTD and March
Financial Operating Statements and Balance Sheets for the Water, Electric, and
Communications
Utilities and the Quarterly Investment Report. All Trustees present voted
aye. Motion carried.
The Quarterly Project Status Report and Variance Analysis were presented as previously
submitted
to all Board members in written form. Trustee Axel moved, seconded by Trustee
McGinnis,
to receive and place on file the Quarterly Project Status Report and Variance
Analysis. All Trustees present voted aye. Motion carried.
The Critical Issues and Key Performance Indicators for the Water, Electric, and Communi-
cations Utilities were previously submitted to all Board members in written format. Mr.
LoBianco asked each
critical issue leader to review the status of their critical issue and stated
Board Minutes
April 30, 2013
Page 9 of9
that he would review the key performance indicators. After review and discussion, Trustee
Tubandt moved, seconded by Trustee
Axel, to receive and place on file the First Quarter
2013
Critical Issues and Key Performance Indicators for the Water, Electric, and Com-
munications Utilities. All Trustees present voted aye. Motion carried.
The
Competitive Quotes for Public Improvements Report was presented as previously
submitted to all Board members in written form. There were no items for approval.
The March departmental reports were presented as previously submitted to all Board
members in
written form. Trustee McGinnis moved, seconded by Trustee Tubandt, to
receive and place on file the March departmental reports. All Trustees present voted aye.
Motion carried.
The meeting
of the Board of Trustees was adjourned at 7:20p.m.
BOARD OF WATER, ELECTRIC, AND
COMMUNICATIONS TRUSTEES OF
THE CITY OF MUSCATINE, IOWA
( __
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Brenda K. Christensen
Acting Board Secretary