Lake Lemon Conservancy District

Board of Directors Meeting Minutes

Benton Township Senior Citizen Building

October 15, 2008

 

Note: Board of Directors met in Executive Session from 4:30pm to 5:45pm prior to the start of the Board Meeting to discuss personnel matters.

 

The October 15, 2008 meeting of the Lake Lemon Conservancy District was held at the Benton Township Senior Citizen Building and was called to order by Chairman Marty Mann at 6:05 p.m.

 

BOARD MEMBERS PRESENT:  Marty Mann, Rex Taylor, Dennis Friesel, Barb Ritter, Bruce Cassal, and Tom Kelly.  ALSO PRESENT:  Bob Madden, Manager; Scott McWhorter, Board Recorder; Rachel Atz, CBU Representative; and LLCD Freeholders (see attached sign-in sheet).  ABSENT: Dave Hobson

 

I.                   OPENING COMMENTS (Mann)

 

·        Mann thanked all freeholders for attending the meeting.

 

II.                APPROVAL OF MEETING MINUTES (Mann)

 

·        Approval of September 17, 2008 Board Meeting Minutes.

 

RITTER MOTIONED TO APPROVE SEPTEMBER 17, 2008 MINUTES.  CASSAL SECONDED THE MOTION.  ALL “AYES.”  MOTION CARRIED.

 

III.             TREASURER’S REPORT (Friesel)

 

·        Dennis Friesel presented the budget as of September (see attached).

·        LLCD September income:  $119,172

·        LLCD September expenses:  $112,112 ($56,000 used to pay down loan)

·        LLCD received $112,000 from Monroe County for 1st half of 07 payable 08 taxes.

·        LLCD is being audited by the State Board of Accounts for years 2006 and 2007.

 

A.  Resolution – Approval of 2009 Fees and Charges (see attached)

 

§         Madden discussed the proposed fees and charges.

 

FRIESEL MOTIONED TO APPROVE THE 2009 PROPOSED FEES AND CHARGES RESOLUTION 10-08-04.  KELLY SECONDED THE MOTION.  ALL “AYES.”  MOTION CARRIED.

 

§         Resolution 10-08-04 was passed around to the Board of Directors for signature approval of the 2009 Fees and Charges.  All “AYES” resolution approved.

IV.              Endowment Study Group Presentation (Madden)

 

·        Madden summarized the findings of the endowment study group.

·        Kelly explained how the funds can be invested.  State law will only allow LLCD to invest in secured financial instruments.  Since the idea of an endowment is to only spend the interest, leaving the principal, LLCD should expect little earnings in the beginning.

 

V.                 Manager’s Report

 

A.  2009 Board Election

 

§         Madden informed the Board that the terms for Bruce Cassal, District I and Thomas Kelly, District IV will expire at the end of January 2009. 

§         Nominations for District I and IV Director positions are due by December 1, 2008.

 

      B.  Dam Inspection Update

 

§         Madden summarized the dam inspection and repair work recently completed on October 7th.

 

C.  Drawdown Procedures

 

§         Madden presented the Winter Drawdown procedures for Winter 2008-2009.

 

FRIESEL MOTIONED TO APPROVE THE DRAWDOWN PROCEDURES AS WRITTEN.  KELLY SECONDED THE MOTION.  ALL “AYES.”  MOTION CARRIED.

 

VI.              Public Comment

 

·        N/A

 

VII.           NEW BUSINESS / CORRESPONDENCE FOR FUTURE AGENDA

 

·        N/A

 

VIII.         ADJOURNMENT

 

KELLY MOTIONED TO ADJOURN THE MEETING.   RITTER SECONDED THE MOTION.  ALL “AYES.”  MOTION CARRIED.  MEETING ADJOURNED AT 6:55 P.M.

 

Meeting Minutes submitted by:

 

Scott McWhorter

Board Recorder