June 6, 2011
MONDAY 6:00 PM
Water and Light Office
The meeting duly noticed and warned was called to order at 6:00 PM.
Trustees: Dana Wildes, Wallace Reeve, Tim Sargent, Peter Bourne, and Ed DeBor
Staff: Craig Myotte
1) PUBLIC MEETING:
No members of the general public were in attendance at the meeting.
2) MANAGEMENT REPORT:
Craig responded to questions regarding the Management Report and noted various questions on the financials to discuss with Penny.
3) Approve Minutes of Meeting Held May 16, 2011:
On a motion by Trustee Bourne, seconded by Trustee Reeve and unanimously approved, the Board approved the minutes of the May 16, 2011, regular meeting.
4) Approve LIENS:
On a motion by Trustee Sargent, seconded by Trustee Reeves and unanimously approved, the Board approved placing a lien on James Edwards purchased the property at 1333 Elmore Pond Road, Wolcott in the amount of $356.86.
5) DISCUSS POWER SUPPLY ISSUES:
Craig provided an update on the hydro improvement project. The following projects are planned for 2011 1) Headgates at Cadys Falls, 2) Generator Repair at Cadys Falls and 3) Crest Control at Morrisville.
Craig reported some concerns about the crest control project for Morrisville. MW&L needs to place the order for the crest gates by June 15. Craig stated he is contacting State agencies to gauge support of the project and plans to contact Obermeyer to discuss construction time and deferring delivery. Craig will pursue thought of proceeding with the preparation work at this time.
VPPSA is recommending Morrisville participate in reclassifying its hydro generation in ISO-NE to remove it from the marketplace. The hydro would become an hourly load reducer. The Trustees stated they are generally in favor of the action.
Craig reviewed power supply costs through April 2011. Power supply costs are $50,000 or 3% under budget for the first 4 months of 2011. There was also discussion of energy sales being above budget through the first 4 months.
The Trustees discussed recent news about Green Mountain Power purchasing power from the Seabrook nuclear plant and Central Vermont Public Service being acquired by a Canadian firm.
6) OTHER BUSINESS:
Craig provided the Trustees on the Harrel Street extension. The main line work has been completed. The service lines to Turtle Fur, Concept II and Butternut Mountain Farms have been completed and have connected to our collection system.
Craig reviewed the action plan for the Demars Road sewer line extension.
Craig provided a summary of the work plan reported by Weston & Sampson for June 2011 for the Phase 2 report on the Gristmill/Creamery buildings and property.
Trustee Sargent announced he would be resigning as a Trustee at the end of June 2011.
Craig updated the Trustees on the sale of the Zack Woods property 28 acre parcel. Progress has been painfully slow.
Craig reported the loan closing with Union Bank for the hydro improvements went very smooth.
7) EXECUTIVE SESSION:
On a motion by Trustee Sargent and seconded by Trustee Bourne and unanimously approved, the Trustees went in executive session to discuss contractual and personnel matters at 7:30 PM.
On a motion by Trustee Bourne and seconded by Trustee Bourne and unanimously approved, the Trustees came out of executive session at 8:00 PM.
At 8:00 PM, on a motion by Trustee Sargent, seconded by Trustee Bourne and unanimously approved, the Board adjourned the meeting.
Wallace Reeve, Clerk