SEPTEMBER 27, 2016
The La Porte City Utilities Board of Trustees met in special session on Tuesday, September 27, at 4:00pm. Present were Jon Barz, Shawn Mehlert, Tami Keune, Mike Johnson, Bill Matthes, and Robyn Oberhauser. Guest speaker was Maggie Burger from Speer Financial.
Mehlert made a motion to adopt the agenda, seconded by Keune. Motion passed 3-0.
Maggie Burger presented the board with information on the proposed Electric Revenue Bond proposal in the amount of $2.35 million. After extensive discussion it was decided to hold a public hearing on this matter. Resolution # 16-15 “Resolution fixing a date for a public hearing on a proposal to enter into an Electric Revenue Loan Agreement and to borrow money thereunder in a principal amount not to exceed $2,350,000.00.” Motion made by Barz, seconded by Keune. Passed 3-0.
Public Hearing has been set for Wednesday, October 12, 2016 at 4:30 p.m. in the Utility Board Room.
Motion to adjourn by Keune seconded by Mehlert. Passed 3-0
Meeting adjourned at 4:30
Robyn Oberhauser, Recording Secretary