June 18, 2012

Quincy Sewer Authority

Minutes of June 18, 2012 Meeting

 

              The meeting was called to order at 7:12 pm by Vice Chairman Moats with members Eugene Flasher and Kerry Bumbaugh, present.  Solicitor Rahauser, and Robert Gunder were also in attendance.  There was one Township resident present.

             The Minutes of April 16, 2012 were approved on a Bumbaugh/Moats motion. Motion carried unanimously.

There was no public comment.

The Guilford Sewer Redirect has the flow coming to the Townships sewer plant. Guilford Township has been very cooperative and we have already sent them the bill for May. We should be receiving between $4,000 and $5,000 a month from them.

The PSl Revenue Bond was discussed. Solicitor Rahauser informed the Authority that he had asked Dave Twadell about the Township doing a bond issue and he informed Solicitor Rahauser that there wouldn’t be sufficient savings for them to do a bond issue. At that time, Mr. Twadell asked Solicitor Rahauser about a Bond issue that the Presbyterian Senior Living wants to do to refinance an approximate $10,000,000. The authority would get the loan which they pass on to PSL and there is no liability to the authority. There is an agreement between the Authority and PSL which outlines no liability. Also the Authority can receive a fee for being the conduit for the loan. It is a onetime fee which could be around $20,000. The Authority would receive the fee at the time the loan is put in place.  A Bumbaugh/Flasher motion approved Resolution 2012-1, Revenue Bond, Series of 2012 (Presbyterian Senior Living Project) and Program Coordinator/Chairman of the Board of Supervisors, Robert Gunder was appointed to sign all documents. Motion carried unanimously. There will need to be a public hearing as a formality. Solicitor Rahauser will handle the public hearing for the Authority.

The Authority was informed that Paul Baker has agreed to have Sludge applied on his property on Stamey Hill. We will get the agreement signed, so when we need to we can get it permitted.

The Solicitor had nothing.

The members had nothing.

The meeting adjourned at 7:50 pm on a Bumbaugh/Moats motion.

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