HomeMy WebLinkAbout01.03.2023 telecommunications minutesTELECOMMUNICATIONS UTILITY
BOARD OF TRUSTEES
First Floor Conference Room
City Hall
January 3, 2023
4:00 p.m.
Members present: Batemon, Kurtenbach, Young, Van Fleet, and Council Liaison Rob Nichols.
Moved by Young seconded by Batemon that the Agenda, as proposed, be approved. Voice -vote
Ayes: Four. Motion carried.
Moved by Kurtenbach seconded by Young that the minutes of November 30, 2022, as proposed,
be approved. Voice -vote Ayes: Four. Motion carried.
1. Financial Update from Spears
Maggie Burger, Speer Financial, provided an update regarding funding and financing. She
explained that the rate term would not be known until we go out for bids.
Mr. Van Fleet questioned the timing of hiring an auditor.
Ms. Burger explained the timeline and stated the city's auditor may provide small consult for
2023, but an actual audit will need to be done once money begins flowing.
Moved by Kurtenbach, seconded by Bateman to approve Engagement Letter with Piper Sandler
& Co., for project finance services, including communication utility revenue bonds and/or bond
anticipation project notes, Series 2022-26. Voice -vote Ayes: Four. Motion carried.
With no further business before the board, it was moved by Young, seconded by Kurtenbach, that
the meeting be adjourned at 4:24 p.m. Voice -vote Ayes: Four. Motion carried.
. &Yen,
LeAnn Even
Deputy City Clerk