LOUISA PUBLIC UTILITIES BOARD
SPECIAL SESSION
November 7, 2019
The Louisa Water and Sewer Commission met in regular business session November 7, 2019 with Mayor Harold Slone presiding. In attendance, Board Members Jeff Kinser, Steven Lycans, Heath Preston, and Sam Lester. Others in attendance were Jason Helton, Martin Wright, Ami Whites, Bob Martin, Jim Smiley and Representatives of Kentucky League of Cities and PNC Bank.
- Call to order 6:00pm
- Board heard presentation from Dawn Harlow and Mark Snyder concerning new investment pools programs through PNC Bank, which was recently made available to KY Government entities with the enactment of House Bill 69. The program allows the City to invest funds in areas other than checking accounts and CD’s for a potential for a larger return. PNC Bank and KLC Representatives presented details of the program and investment possibilities. The Utilities dept currently earns less than .5% on moneys in the bank. These investment pools would earn an expected 1.5%-3% on money held.
- P & A Engineering representatives addressed the board concerning the downtown Sewer I & I project. The last rounds of Bids came in over budget due in large part to the State Highway Dept’s new requirement that gravel be used on all backfill on the trenches for the new sanitary and storm sewer lines, they are also requiring 8 inches of blacktop to be laid when re-paving. A variance in the size of gravel has been requested, to reduce cost. Mayor Slone advised that the KIA chairperson can authorize an increase of 10% of the original amount without taking project to the KIA board again for budget revision. KIA Chair advised that they had expected the bid to be over budget, as it is a problem they have been having statewide since contractors aren’t competing as much for work. Mayor Slone stated that with the 10% increase from KIA and the approved variance in gravel size, the project can move forward.
- Motion to approve minutes for September 2019 meeting by Heath Preston, Second By Jeff Kinser. All approve.
- Mayor updated board on the Downtown Water Rehab project. The project is nearly complete, with only the Pressure Reducing Valve and 6 meter reconnects remaining.
- Motion by Jeff Kinser to approve customer leak adjustments. Second by Sam Lester. All approve.
- Reviewed Financials, No action taken.
- Meeting Adjourned
