Members Present: The following Directors were present and acting:
- Ron Krall, President left at 6:35
- Gary Osteen, Vice President
- Ash Lesniak
- Brock Knez
Administrator:
- Ellen Dalton
Guest:
- Mary Andre – CDC
District Manager
- Jodi Lightfoot
Call to Order: The Regular Meeting of the Board of Directors of Timbers Water & Sanitation District was called to order by President Ron Krall on February 8, 2016 at 7:00pm, noting a quorum was present.
Minutes: The Board reviewed the Regular Meeting minutes of the January 11, 2016 meeting. Upon motion duly made, seconded and unanimously approved, it was
RESOLVED to approve the meeting minutes.
Financials: The January 2016 Financial Statements were reviewed. Upon motion duly made, seconded and unanimously approved, it was
RESOLVED to approve the financials.
Invoices: Invoices were reviewed at the meeting. Upon motion duly made, seconded and unanimously approved, it was
RESOLVED to approve payment of the open invoices.
Transfer of Funds: Ellen Dalton said she would require $10,000 transferred to the Enterprise to cover invoice. Upon motion duly made, seconded and unanimously approved, it was
RESOLVED Transfer $10,000 to the Enterprise
Old Business: No Old Business
Enterprise Dissolution:
It was discussed when The Enterprise could be dissolved. It is unclear if the Enterprise needs to be maintained until the DOLA Loan is paid in full, 14 years.
New Business: No New Business
With business concluded and upon motion duly made, seconded and unanimously approved, it was
RESOLVED to adjourn the Regular Meeting of the Timbers water Supply Enterprise Board of Directors at 7:15p.m., this 8th day of February, 2016.
Respectfully submitted,
Jodi Lightfoot
Secretary/Treasurer