September
9, 2011
The Mayor and Council of
the Town of Vinton, Louisiana, met in special session at the regular meeting
place of said Mayor and Council, in the Town Hall, Vinton, Louisiana, at 6:00
P.M., on the 9th day of September, 2011, 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, Mayor
Harold
R. Douga, Council Member
William
“BB” Loyd, Council Member
Paul
Patin, Council Member
ABSENT: None
ALSO PRESENT: Cade Cole, Town Attorney and Phillip Abshire, CPA
Kenneth Stinson, Mayor
called the meeting to order and reported that the purpose of the meeting was as
follows:
1.
Discuss and/or
transact business pertinent to Public Hearing and possible adoption of the 2012
Budget.
2.
Discuss and/or
transact business pertinent to LGAP grant resolution.
3.
Discuss and/or
transact business pertinent to adopting a resolution authorizing execution of
amendment to Power Sales Contract between the Town and VPPA
It
was moved by Council Member Merchant that the special meeting be recessed for a
public hearing on the proposed 2012 Budget.
The motion was seconded by Council Member Loyd and carried.
Phillip Abshire, CPA
gave an overview of the proposed 2012 Budget to the governing authority and public present.
Mayor Stinson reported
that employees were given a $0.50 across the board raise.
There being no questions
or input from the public present, it was moved by Council Member Douga that the
special meeting be re-convened. The
motion was seconded by Council Member Loyd and carried.
The Mayor stated that
the presented 2012 Budget for the Fire Department and the presented 2012 Budget
for the Town’s Administration Department each would be voted on separately and
apart from the Town’s 2012 Budget for all other departments and divisions.
It was moved by Council
Member Douga that the Town’s 2012 Budget (attached hereto as Exhibit A), less
and excluding the Town’s 2012 Budget for Town Administration Department,
and less and excluding the Town’s 2012 Budget for the Fire Department,
be adopted as presented. The motion was seconded
by Council Member Merchant and the vote cast thereon was as follows:
YEAS: Council Members Bujard, Douga, Loyd, Merchant
& Patin
NAYS: None
ABSENT:
None
It was moved by Council
Member Bujard that the Town’s 2012 Administration Department Budget (attached
hereto as Exhibit B) be adopted as presented.
The motion was seconded by Council Member Merchant and the vote cast
thereon was as follows:
YEAS: Council Members Bujard, Douga, Loyd, Merchant
& Patin
NAYS: None
ABSTAINING: Council Member Douga
ABSENT:
None
It was moved by Council
Member Loyd that the Town’s 2012 Fire Department Budget (attached hereto as
Exhibit C) be adopted as presented. The
motion was seconded by Council Member Bujard and the vote cast thereon was as
follows:
YEAS: Council Members Bujard, Douga, Loyd and Patin
NAYS: None
ABSTAINING: Council Member Merchant
ABSENT:
None
It was moved by Council
Member Merchant that the following Resolution be adopted regarding the LGAP
Grant. The motion was seconded by
Council Member Loyd and the vote cast thereon was as follows:
YEAS: Council Members Bujard, Douga, Loyd and Patin
NAYS: None
ABSENT:
None
RESOLUTION
BE IT RESOLVED by the
Governing Authority of the Town of
BE IT FURTHER RESOLVED
that Mayor Stinson is also authorized and empowered to sign all applications
and other pertinent documents regarding said grant.
APPROVED AND ADOPTED
this 9th day of September, 2011.
___________________________________
Kenneth
O. Stinson, Mayor
ATTEST:
________________________________
Mary
O. Vice, Clerk
It was moved by Council
Member Merchant that the special meeting be recessed for approximately 30
minutes. The motion was seconded by
Council Member Loyd and carried.
It was moved by Council
Member Douga that the special meeting be re-convened. The motion was seconded by Council Member
Patin and carried.
It was moved by Council
Member Merchant that the following Resolution be adopted. The motion was seconded by Council Member
Douga and the vote cast thereon was as follows:
YEAS: Council Members Bujard, Douga, Loyd, Merchant
& Patin
NAYS: None
ABSENT: None
RESOLUTION
OF THE TOWN OF
A RESOLUTION AUTHORIZING AMENDMENT
TO THAT CERTAIN POWER SALES CONTRACT BETWEEN THE TOWN AND THE VINTON PUBLIC
POWER AUTHORITY; AND PROVIDING FOR OTHER MATTERS IN CONNECTION THEREWITH.
WHEREAS, the Town of Vinton (the “Town”) and the Vinton
Public Power Authority (“VPPA”) entered into a Power Sales Contract (the “Power
Sales Contract”) dated as of July 1, 2002 in connection with the issuance by
the Louisiana Local Government Environmental Facilities and Community
Development Authority (the “LCDA”) of its $18,290,000 Power Supply System
Revenue Bonds (Vinton Public Power Authority/ Town of Vinton Project) Series
2002 (the “Prior Bonds”);
WHERAS, the proceeds of the sale of the Prior Bonds were
loaned to the VPPA pursuant to a Loan Agreement dated as of July 1, 2002,
between the LCDA and VPPA for the purpose of financing the discharge of the
Power Authority’s obligation to the Sam Rayburn Municipal Power Agency of which
the Borrower had been an all requirements power customer prior to discharge of
the obligation;
WHEREAS, VPPA has requested that LCDA issue Refunding
Bonds (the “Series 2011 Bonds”) for the purpose of refunding the Prior Bonds to
achieve debt service savings;
WHEREAS, the issuance of the Series 2011 Bonds requires
the amendment of the Power Sales Contract in order to incorporate issuance of
the Series 2011 Bonds; and
WHEREAS, the Town desires to authorize
amendment to the Power Sales Contract.
NOW, THEREFORE, BE IT RESOLVED,
by representatives of the Town of
SECTION 1. The form of Amendment to the Power Sales Contract is hereby
approved in substantially the form attached hereto as Exhibit D, subject to any appropriate revisions and amendments as
may be made with the approval of counsel to the Town.
SECTION 2. The Mayor and City Clerk of the Town are
authorized and directed on behalf of the Town to execute, seal and deliver the
Amendment to the Power Sales Contract and any certificates, documents or other
items and take such action as necessary to complete actions contemplated by
this resolution.
SECTION 3. This resolution shall take effect immediately.
APPROVED AND ADOPTED on this 9th
day of September, 2011
_________________________________
Kenneth
O. Stinson, Mayor
ATTEST:
________________________________
Mary O. Vice, City Clerk
There being no further
business to come before the governing authority, it was moved by Council Member
Loyd that the meeting be adjourned. The
motion was seconded by Council Member Douga and carried.
_____________________________
Kenneth
O. Stinson, Mayor
ATTEST:
____________________________
Mary
O. Vice, City Clerk