WANAQUE BOROUGH
SEWERAGE AUTHORITY
MINUTES
Regular Meeting
June 10, 2008
The regular
meeting of the Wanaque Borough Sewerage Authority was held on June 10, 2008 at
Chairman Bolduc presided and read the following Sunshine
Statement:
“Adequate notice of this meeting has been provided by the
Authority by mailing notice of this meeting to the Trends and Herald & News
newspapers on March 5, 2008 stating therein that this meeting would be held at
579 Ringwood Avenue, Wanaque, New Jersey including agenda therefore, and a copy
of this notice was posted in the Wanaque Municipal building on March 5, 2008
and a copy is on file in the office of the Authority.”
ROLL CALL:
On roll call, the
following commissioner’s responded.
Andrew R. Bolduc
John DiMeglio
Joseph Garland
Cmsr. Frank Covelli arrived at 7:37 P.M.
Cmsr. Mark Reuter was absent.
MINUTES:
The regular
meeting minutes of May 13, 2008 were presented.
No corrections or deletions.
Cmsr. DiMeglio moved for the approval of the
above-mentioned minutes, seconded by Cmsr. Bolduc.
On roll call all voted yes except for Cmsr. Garland who
abstained, and then the Chrm. declared this set of minutes adopted.
4. PUBLIC DISCUSSION:
Since no one from
the public entered any discussion, the Chrm. closed this portion of the
meeting.
5. Bond Refunding Status:
Presentation by Bob Beinfield
**********Cmsr. Covelli
arrived.**************
Mr. Beinfield stated that at the last meeting the board
authorized bonds for new money for projects that needed to be done as well as
refund the old bonds. Now that all the
documents are completed, we can move forward.
At this time we are seeking bond insurance. It can be anywhere from two a weeks to
several weeks. Obviously, with this
insurance you will get a better interest rate.
As you know, there are now fewer bond insurers and because of this,
there are only two or three.
Supplemental Resolution 13 would authorize all professionals move ahead.
Chairman Bolduc stated that the interest rates may now be
over the Local Finance Board’s requirements.
Mr. Beinfield
replied that there has to be at least a 3% savings in order to move ahead on
the refinancing of the old bonds.
Chairman Bolduc stated that the new bonding would still be
moving ahead.
Mr. Beinfield replied correct. We now need a Resolution for Supplemental
#13.
Cmsr. Covelli moved a Resolution approving of “Supplemental
Resolution #13 relating to the General Bond Resolution of the Wanaque Borough
Sewerage Authority determining the form of not to exceed $2,250,000. Sewer Revenue Bond (Series 2008A)
and $3,000.000 Sewer Revenue Refunding Bonds (Series 2008B) and determining
certain details in connection therewith, seconded by Cmsr. Garland.
On roll call all voted yes and the Chairman declared this
Resolution adopted.
6. COMMUNICATIONS:
1. Memo from W. J. Kelly,
Re: Gorge Dr. Sewer Extension
Held for Kelly’s
Report
2. Ltr. from State
of
Re: Family Leave
Act
Chrm. Bolduc stated that he would have to research this
matter, but he believes the Authority would not be required to contribute as
there are a certain amount of employees that we must have in order to comply
with this payroll deduction.
Cmsr. Covelli replied that payroll deductions need to be
implemented if this needs to be done.
Mr. Kassover replied, not until July, 2009.
Chrm. Bolduc then recommended that Mr. Ferraioli research
this matter to see whether or not the Authority must comply with this Family
Leave Act Regulation.
3. Ltr. from G.
Basales
Re: Demolition of
Cmsr. Covelli moved a Resolution to bill the property owner
of
On roll call all voted yes and the Chrm. declared this
Resolution adopted.
4. 2008 Audit Report
Held until next month when Mr. Ferraioli will be present.
7. NEW BUSINESS:
1. July’s Regular Meeting
Due to bonding issues, all Commissioner's agreed to have
July’s meeting rescheduled for July 15, 2008.
7. UNFINISHED BUSINESS:
1.
Chrm. Bolduc stated that this matter would be tabled until
July’s Regular Meeting since the board has yet to hear from the Building
Inspector or the property owner.
2. Pulte Common Area
Billing:
Mr. Kassover stated that last month he sent Wanaque Reserve
a letter advising that once charges are calculated for the CO’s that were
issued for common areas, a refund check would be sent. Mrs. Schlagel has now completed this task and
the refund total is $ $5,255.80.
Cmsr. Covelli then commended Mrs. Schlagel for a job well
done.
Cmsr. Covelli moved a Resolution to refund Wanaque Reserve
the sum of $5,255.80 for billing that was charged for common area CO’s,
seconded by Cmsr. DiMeglio.
On roll call all voted yes and the Chrm. declared this
Resolution adopted.
8. PROFESSIONAL/COMMITTEE REPORTS:
a. Jeffrey M.
Kassover, Esq.
1. Wanaque Reserve:
Mr. Kassover stated that he sent Mr. Capodagli a letter
stating that the escrow fund needs to replenish for the amount $5,000.00.
b. William J.
Kelly,
Mr. Kelly stated that he will need a Resolution to endorse
the WQM-003 Form for the DEP with regard to this project as well as funds for
the filing of it.
Cmsr. Covelli moved a Resolution authorizing the Chairman,
Andrew R. Bolduc to endorse the Gorge Drive Sewer Extension-NJDEP Form
WQM-003-State of Consent-Treatment Works Approval Application subject to the
review and satisfactory recommendation of the Authority’s Engineer, William J.
Kelly, seconded by Cmsr. Garland.
On roll call all voted yes and the Chairman declared this
Resolution adopted.
Cmsr. Covelli stated that the WVRSA will need to adopt a
Resolution as well and that their meeting is scheduled for the fourth Wednesday
of the month.
Mr. Kelly then stated that all the plans and specs have
been completed as well as the survey work.
All paperwork has been forwarded to Mr. Carroll. This project will be
done in two phases, one for the installation and the second for the connection
to the line installed.
Further discussion to be discussed in Closed Session.
9. FINANCIAL REPORT:
Cmsr. Garland
moved a Resolution to approve the following bills for payment when the funds
are sufficient to meet them, seconded by Cmsr. DiMeglio:
Voucher 81 through 96 $30,978.75
Auto Debit (Health)
Payroll & Processing: 5,255.80
__________
$35,809.35
Resolutions: Wanaque
Res. 5,255.80
__________
TOTAL: $41,065.16
RESOLUTION
RESOLUTION REQUESTING FROM
THE REVENUE FUND TO THE OPERATING FUND BY THE WANAQUE BOROUGH SEWERAGE
AUTHORITY PURSUANT TO THE BOND RESOLUTION ENTITLED “RESOLUTION” PROVIDES FOR
THE ISSUANCE OF BONDS OF THE WANAQUE BOROUGH SEWERAGE AUTHORITY IN OCTOBER OF
1987 AS AMENDED OR SUPPLEMENTED THEREAFTER.
1. The Authority
hereby makes requisition to the Trustee for funds from the Revenue Fund
established under a Resolution to be transferred to the credit of a Special
Account in the name of the Authority to be paid to the persons, firms or
corporations in the amount of $41,065.16, and for the purposes set forth herein
on the attached “Exhibit A”.
a. The
Authority has incurred the obligations in the stated amounts and that each item
thereof was properly incurred in the operating and maintaining the system, and
has not been paid.
b. There
has not been filed with or served upon the corporation named in such
requisition or if any such lien, attachment or claim has been released and
discharged by the Authority.
On roll call all voted yes and the Chairman declared this
Resolution adopted.
CLOSED SESSION:
Cmsr. Covelli
moved that:
WHEREAS, Section 8 of the Open Public Meetings Act, Chapter
231,
WHEREAS, this Pubic Body is of the opinion that such
circumstances presently exist.
NOW THEREFORE, BE IT RESOLVED, by the Commissioners of the
Wanaque Borough Sewerage Authority,
1. The public shall
be excluded from discussion of action upon the hereinafter subject matter.
2. The general
nature of the subject matter to be discussed is as follows:
Contract
3. The Commissioners
shall release and disclose to the general public the discussion and action taken on the
subject matter of the above-mentioned Closed Session, when the reasons for
discussing and acting on the matter in Closed Session no longer exists but no
later than one
month of the Commissioners
arriving at a final decision of the specific subject matter.
RESULTS OF CLOSED SESSION:
1. Holiday Inn:
The agreement that was originally signed between the WBSA
and Holiday Inn will be forwarded to Jeffrey M. Kassover for his review in
order to advise the board next month the status of this agreement.
Mr. Kelly will edit the draft letter that he prepared to
the 6 residents that will be effected by this project. A return, stamped envelope will also be provided
when sending out this letter. Said
letter shall now reflect that the Authority will offer a 10-year payment
option.
ADJOURNMENT:
Cmsr. Covelli
moved for the adjournment of this meeting, seconded by Cmsr. DiMeglio.
On roll call all voted yes and the Chairman declared this
meeting adjourned.
__________________________________
Andrew R. Bolduc