Vinton Louisiana

                                                                                                                                                April 20, 2010

 

                                The Governing Authority of the Vinton Public Power Authority was convened in regular session in the Town Hall, Tuesday, April 20, 2010, at approximately 8:20 P.M. after full compliance as to notice and otherwise in respect to convening of said meeting with the following members present:

 

                                                                                Kenneth O. Stinson, President

                                                                                Bliss Bujard, Director

                                                                                Harold R. Douga, Director

                                                                                William “BB” Loyd, Director

                                                                                Kevin Merchant, Director

                                                                                Paul Patin, Director

                                                                                                                                                                                                               

                                                ABSENT:               None

                                                                                               

                                 ALSO PRESENT:               Melba Landry, Secretary  and Thad Minaldi, Board Attorney

                                                                                                                                                               

                                 President Stinson called the meeting to order.

 

                                It was moved by Director Merchant to authorize the Treasurer to pay the bills for the month.  The motion was seconded by Director Loyd in and carried.

 

                                Mr. Terry Vice discussed purchasing a new or re-furbished transformer for the Dutch Bahnsen Sub-station.

 

                                After discussion, it was moved by Director Douga to authorize Mr. Vice to go out for bids on a new or re-furbished transformer for the Dutch Bahnsen Sub-station.  The motion was seconded by Director Loyd and carried.

 

                                It was moved by Director Douga that the regular meeting be recessed for an executive session regarding legal matters.  The motion was seconded by Director Merchant and carried.

 

                                It was moved by Director Merchant that the regular meeting be re-convened.  The motion was seconded by Director Douga and carried.

 

                                It was moved by Director Douga that the following Resolution be adopted.  The motion was seconded by Director Loyd and the vote cast thereon was as follows:

 

                                                                YEAS:  Directors Bujard, Douga, Loyd, Merchant & Patin

 

                                                                NAYS:  None

 

                                                          ABSENT:  None

 

                               

 

RESOLUTION

 

                                BE IT RESOLVED by the Board of Directors of the Vinton Public Power Authority, that the  Vinton Public Power Authority enter into the following agreements and contracts:

1.      Claims Settlement Agreement between VPPA and the City of Jasper; and

2.      Jasper/VPPA Settlement Trust; and

3.      Trustee Retainer Agreement between VPPA, City of Jasper, Obais Associates Limited and James F. Kenney; and

4.      Power Supply Assignment Consent Agreement between VPPA, City of Jasper and Trustee of the VPPA Settlement Trust.

 

BE IT FURTHER RESOLVED that the President, Kenneth O. Stinson, is hereby authorized and empowered to sign the above listed agreements and contracts for and on behalf of the Vinton Public Power Authority, together with any other documents necessary, in the President’s sole discretion, to fulfill the purposes of this Resolution.

 

                                APPROVED AND ADOPTED this 20th day of April, 2010.

 

 

                                                                                                                _______________________________

                                                                                                                Kenneth O. Stinson, President

 

ATTEST:

 

______________________________

Mary O. Vice, Treasurer

 

                                There being no further business to come before the governing authority, it was moved

by Director Patin that the meeting be adjourned.  The motion was seconded by Director Douga and carried.

 

                                                                                                                                _____________________________

                                                                                                                                Kenneth O. Stinson, President

ATTEST:

 

______________________________

Mary O. Vice, Treasurer