08/10/1976 - Minutes Tigard Water District
8-76 Regular Meeting
August 10, 1976
PRESENT: Clarence F. Nicoli, Chairman
Hugh A. Brown, Secretary
Don W. Thomas
R. Verne Wheelwright
Robert E. Santee, Administrator
John P. Miller, Foreman
Kenneth W. Baines, Attorney
VISITORS: None
The meeting was called to order at 7:33 p.m. by Chairman
Nicoli.
Motion was made and seconded to approve the minutes of
the last meeting, as written. Motion carried unanimously.
Motion was made and seconded to pay the vouchers. Motion
carried unanimously.
Administrator discussed progress on excavation for the
10-MG reservoir and recent pipe line installations, including
the fact that there would soon be a looped system to Tigard
High School. Plans for the new reservoir will be completed
by the end of August. Bid opening is scheduled for the next
regular meeting, September 14th.
The most desirable date for selling G.O. bonds totaling
$1.9 million was discussed. The Administrator expressed the
opinion to proceed on the proposed schedule with the date of
bids to be received and opened on November 9th, the regular
meeting date. This will provide sufficient time to complete
the audit, to have the bonds rated by Moody's, and, hopefully,
the bond market will be at its best for the seller. Attorney
advised to observe for signs when the bonds would be most
marketable, particularly an earlier date.
Motion was made and seconded to adjourn at 8:06 p.m.
Motion carried unanimously.