Vinton, Louisiana

                                                                                                            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

                                                Bliss Bujard, Council Member

                                                Harold R. Douga, Council Member

                                                William “BB” Loyd, Council Member

                                                Kevin Merchant, 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 Vinton, Louisiana, that Mayor Kenneth O. Stinson is hereby authorized and empowered to apply for a LGAP grant in the amount of $35,000.00 with a match in funds of $3,500.00 by the Town of Vinton.

 

                        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 VINTON

 

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 Vinton that:

 

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