April 2013

Called Meeting Date:  April 25, 2013  ~ 3:00 P.M.
Persons Present
: Nancy Martin, Buzz Ahrens, Steven Woodruff, Eric Wilmarth, Chris Wilbanks, Robert Morrison, Tom Heard, David Kubala, Tom Roach, Wesley Banks, Joey Buice, Beth Williams, Jeff Hooper, Dwayne Fowler, Dwight Turner, Dan Carson, Bryce Holcomb, Matt Nichols, and Craig Ferguson.

Nancy Martin, Chair, called the meeting to order.
AN INVOCATION WAS GIVEN BY NANCY MARTIN, FOLLOWED BY THE PLEDGE OF ALLEGIANCE TO THE FLAG OF THE UNITED STATES OF AMERICA.
NANCY MARTIN NOTED THAT THE PURPOSE OF THE CALLED MEETING IS FOR THE ADOPTION OF THE SERIES 2013 BOND RESOLUTION AND SIGNING OF THE BOND PURCHASE AGREEMENT.
BRYCE HOLCOMB OF CITI PRESENTED THE RESULTS OF REFUNDING THE AUTHORITY’S SERIES 2003 BONDS. Mr. Holcomb noted that a tax-exempt refunding of Series 2003 maturities 2022-2033 provides total savings of $3,317,652.00 and present value savings of $2,326,255.00 to the Authority. Mr. Holcomb noted that the savings as a percentage of refunded par is 12.26%.
MOTION BY ERIC WILMARTH AND SECOND BY STEVEN WOODRUFF TO AUTHORIZE THE CHAIR TO EXECUTE THE CCWSA 2013 SUPPLEMENTAL BOND RESOLUTION (ATTACHED). All members present voted for the motion.
MOTION BY BUZZ AHRENS AND SECOND BY ERIC WILMARTH TO AUTHORIZE THE CHAIR TO EXECUTE THE CCWSA REVENUE REFUNDING BONDS SERIES 2013 BOND PURCHASE AGREEMENT (ATTACHED). All members present voted for the motion.
MOTION BY ERIC WILMARTH AND SECOND BY BUZZ AHRENS TO ADJOURN. All members present voted for the motion.  

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