Vinton,Louisiana

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 Jasper and VPPA. The motion was seconded by Director Merchant and carried.

 

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