HomeMy WebLinkAbout11.14.2024.telecommunications minutes TELECOMMUNICATIONS UTILITY
BOARD OF TRUSTEES
City Council Chambers
November 14, 2024
4:30 p.m.
1. Members present: Mr. Van Fleet, Mr. Kurtenbach, Mr. Young and Mr. Batemon. Ms.
Wienands was absent.
2. Moved by Kurtenbach seconded by Young that the agenda, as presented, be
approved. Voice vote-Ayes: Four. Motion carried.
3. Moved by Batemon seconded by Kurtenbach that the minutes of October 30, 2024,
special session, as presented be approved. Voice vote-Ayes: Four. Motion carried.
4. Moved by Kurtenbach seconded by Young to adopt a resolution rescheduling date of
hearing to adopt the FY2025 budget as November 25, 2024, at 4:00 p.m., and directing
publication of said notice.
Kelley Felchle, Board Secretary, explained that rescheduling was necessary as the
available publication times could not meet code requirements.
Roll Call vote-Ayes: Four. Motion carried. Resolution No. 2024-18.
5. Public hearing on adopting the FY2025 budget — Hearing canceled and rescheduled to
November 25, 2024.
6. Moved by Kurtenbach seconded by Batemon to adopt a resolution approving hiring
Eric Schumacher to the position of Field Locate Technician, at a rate of$21.00 per hour
plus benefits, effective December 2, 2024, and subject to a background check and pre-
employment physical.
Eric Lage, General Manager, provided an overview of the position and employment
background of Eric Schumacher.
Roll Call vote-Ayes: Four. Motion carried. Resolution No. 2024-19.
7. Moved by Kurtenbach seconded by Young to adopt a resolution amending the
Resolution adopted September 6, 2023, authorizing the issuance of Taxable
Communications Utility Revenue Capital Loan Notes Anticipation Project Note, Series
2023, and authorizing execution and delivery a Replacement Note.
Maggie Burger, Speer Financial, explained the purpose of the amendment is to increase
the taxable working capital debt from two million to four million dollars, and lowering the
interest rate from 6 percent to 5.75 percent. In addition, the callable date for the full 4
million has been extended to December 21, 2026. Maggie provided a general
description of upcoming financials.
Roll Call vote-Ayes: Four. Motion carried. Resolution No. 2024-20.
Eric Lage, General Manager, commented on the successful turn out for the Go Live event
and shared that tonight the have a booth and are also sponsoring the Strictly Business
event by Grow Cedar Valley.
Steve Nadel, Ahlers and Cooney, provided an overview of his next steps regarding Maggie
Burger's update on funding.
8. Adjourn.
With no further business before the board, it was moved by Kurtenbach seconded by
Batemon that the meeting be adjourned at 4:14 p.m. Voice vote-Ayes: Four. Motion
carried.
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Kelley Felchle
Board Secretary