January 2016

Called Meeting Date:  January 21, 2016  ~ 3:00 P.M

PERSONS PRESENT:  Mike Byrd, Gary Winchester, Steven Woodruff, Chris Wilbanks, Buzz Ahrens, Robert Morrison, Doug Dabbs, Tom Heard, Bill Graham, Tom Roach, Wesley Banks, Beth Williams, Melanie Stephens, Dwight Turner, Matt Nichols, Bryce Holcomb, and Brian Senne.

Mike Byrd, Chair, called the meeting to order.

AN INVOCATION WAS GIVEN BY MIKE BYRD, FOLLOWED BY THE PLEDGE OF ALLEGIANCE TO THE FLAG OF THE UNITED STATES OF AMERICA.

MIKE BYRD NOTED THAT THE PURPOSE OF THE CALLED MEETING IS FOR THE ADOPTION OF THE SERIES 2016 BOND RESOLUTION AND SIGNING OF THE BOND PURCHASE AGREEMENT.

BRYCE HOLCOMB OF CITI PRESENTED THE FOLLOWING RESULTS OF THE WATER AND SEWER REVENUE REFUNDING BONDS, SERIES 2016: 

·         Gross savings of $6,492,323.00

·         Present value savings of $5,364,661.00

·         Savings as a percentage of refunded par = 14.21%.

MOTION BY GARY WINCHESTER AND SECOND BY BUZZ AHRENS TO AUTHORIZE THE CHAIR TO EXECUTE THE CCWSA 2016 SUPPLEMENTAL BOND RESOLUTION (ATTACHED) AND THE CCWSA REVENUE REFUNDING BONDS SERIES 2016 BOND PURCHASE AGREEMENT (ATTACHED). THESE DOCUMENTS ALLOW FOR THE ISSUANCE OF SERIES 2016 BONDS, THE PARTIAL REFUNDING OF THE SERIES 2006 AND SERIES 2007 BONDS, AND THE SALE OF THE NEW SERIES 2016 BONDS TO CITI. All members voted for the motion.

MOTION BY DOUG DABBS AND SECOND BY GARY WINCHESTER TO ADJOURN.  All members voted for the motion.

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