April
17, 2008
The President
and Board of Directors of the Vinton Public Power Authority, met in special
session at the regular meeting place of said President and Board of Directors,
in the Town Hall, Vinton, Louisiana, at 6:30 p.m., on the 17th day
of April, 2008, after full compliance with all requirements as to notice and
otherwise in respect to convening of said meeting with the following members
present:
Kenneth
O. Stinson, President
Karen Douglass, Director
Kevin
Merchant, Director
Edward
Vice, Director
ABSENT: Bliss Bujard, Director
William “B.B.” Loyd,
Director
ALSO PRESENT: Melba
Landry, Secretary
Thad
Minaldi, Town Attorney
Coy
Vincent, Auditor
Kenneth O.
Stinson, President called the meeting to order and reported that the purpose of
the meeting was as follows:
1.
To
discuss and/or transact business pertinent to extension of NISCO Load
Contracts.
2.
To
discuss and/or transact business pertinent to presentation of 2007 Audit.
President Stinson reported on
the proposed NISCO Load contract extensions.
After discussion, it was moved
by Director Douglass to authorize the President to enter into and execute the
Agreement for the Assignment of Retail Load EGSL & VPPA. The motion was seconded by Director Merchant
and carried.
It was moved by Director
Douglass to authorize the President to enter into and execute the Power Supply
Coordination Agreement EGSL & VPPA.
The motion was seconded by Director Merchant and carried.
It was moved by Director
Douglass to authorize the President to enter into and execute the Power Sales
Agreement between the City of
Coy Vincent, CPA presented the
2007 Audit to the Governing Authority.
Mr. Vincent reported that VPPA was in strong financial condition.
After discussion, it was moved
by Director Douglass that the 2007 Audit be accepted as presented. The motion was seconded by Director Merchant
and carried.
There being no further business to come before the
Governing Authority, it was moved by Director Merchant that the meeting be
adjourned. The motion was seconded by
Director Vice and carried.
____________________________
Kenneth
O. Stinson, President
ATTEST:
______________________________
Mary
O. Vice, Treasurer