VILLAGE OF MORRISVILLE WATER AND LIGHT DEPARTMENT

August 17, 2009

MONDAY 5:30 PM

Water and Light Office

The Trustees convened at the new VELCO substation in Stowe for a tour of the facilities at 4:30 PM. The tour lasted 45 minutes. Following the tour the Trustees proceeded to the Trout Club for the meeting.

The meeting duly noticed and warned was called to order at 5:30 PM.

PRESENT:

Trustees: Tim Sargent, Peter Bourne, and Dana Wildes

Staff: Craig Myotte, Jim Fontaine, Penny Jones

ABSENT: Ed DeBor

1) PUBLIC MEETING:

No members of the public were in attendance at the meeting.

2) MANAGEMENT REPORT:

Jim provided a summary of the WWTF upgrade and the water meter projects. In addition, Jim provided a status report on the 2009 sewer rehabilitation projects and the water storage project.

Penny discussed customers issues and various banking transactions and loan applications for the WWTF, water storage projects and 2009 sewer rehabilitation projects.

Craig discussed transmission and power supply issues.

3) Approve Minutes of Meeting Held August 3, 2009:

On a motion by Trustee Bourne, seconded by Trustee Wildes and approved by majority, the Board approved the amended minutes of the August 3, 2009, regular meeting.

4) Approve USDA WWTF Loan Paperwork:

On a motion by Trustee Wildes, seconded by Trustee Bourne and approved by majority, the Board approved the USDA WWTF Loan Paperwork.

5) Approve VMBB Refunding Paperwork:

On a motion by Trustee Bourne, seconded by Trustee Wildes and approved by majority, the Board approved the VMBB Refunding Paperwork.

6) Approve Union Bank BAN/GAN Maturity Date Extension:

On a motion by Trustee Wildes, seconded by Trustee Bourne and approved by majority, the Board approved the Union Bank BAN/GAN Maturity Date Extension.

7) Approve Water Reservoir Loan Application:

On a motion by Trustee Bourne, seconded by Trustee Wildes and approved by majority, the Board approved the Water Reservoir Loan Application.

8) Approve Candidate for Trustee Vacancy:

A motion was made by Trustee Bourne to nominate Wally Reeve to fill the Trustee vacancy position until the April 2010 annual Village meeting. The motion was seconded by Trustee Wildes.

On a motion by Trustee Wildes, seconded by Trustee Bourne and approved by majority, the Board approved Wally Reeve filling the Trustee vacancy until the April 2010 annual Village meeting.

9) Other Business:

The Trustees discussed various properties owned by the Electric and Water departments.

10) ADJOURNMENT:

At 7:50 PM, on a motion by Trustee Bourne, seconded by Trustee Wildes and approved by all present, the Board adjourned the meeting.

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Peter Bourne, Acting Clerk