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Mohawk Valley Water Authority – April 17th, 2017

 

Chairman DeLia called the meeting to order at 5:00 PM and opened with the Pledge of Allegiance.

Roll Call:  Present: Rocco Arcuri, Dennis Bova, Bruce Brodsky, David Corr, Vincent Coyne, Elis DeLia, Eric Kane, Richard Karam and John Wallace.  Absent: Mark Ford, Frank Mutolo and Bette Szesny.  Also Present: Richard Goodney, Phil Tangorra, Jim Korfonta and Ken Bobrow, Esq.

 Chairman DeLia presided and Suzanne Harmon took the minutes.

 Approval of the March 20, 2017 Minutes

Motion made by Mr. Arcuri to approve the minutes.     Seconded by: Mr. Bova

Vote:  (9) Ayes   (0) Nays   (0) Abstain    (3) Absent    Motion Carried.

 Resolution: Award of Construction Contract for the Removal of Six Steel Water Storage Tanks

The Board’s current Capital improvement plan calls for removal of six unused steel water storage tanks including the Clark Mills, Haddon Street, Merritt Place, Shacksbury Road, Smith Hill and West Street tanks.  The general construction scope for this contract involves removal of the steel tank structure including roof, walls, supports and the floor.  Bids were received from five general contractors, of which Global Contracting and Painting, Inc. of Colden, NY was low bidder in the amount of $54,816.00.  Global Contracting will complete the work under this contract by October 30, 2017.

Motion made by Mr. Arcuri to approve the minutes.     Seconded by: Mr. Brodsky

Vote:  (9) Ayes   (0) Nays   (0) Abstain    (3) Absent    Motion Carried.

 Approval: Quarterly Investment Statement Ending 12/31/16

Mr. Korfonta stated that this is an investment statement of the MVWA trust funds.  The Board has been presented with these statements every quarter for approval.

Motion made by Mr. Arcuri to approve the minutes.     Seconded by: Mr. Karam

Vote:  (9) Ayes   (0) Nays   (0) Abstain    (3) Absent    Motion Carried.

 Committee Reports:

Finance:

Mr. Korfonta stated that consumption is a little above this time last year.  Revenue is up compared to last year and cash flow is down slightly.  

Executive Director’s Report:

 

·         Mr. Becher stated that the MVWA is looking to buy some larger equipment and spread the cost over a couple of years with a financing arrangement.  After some legal research we determined that the MVWA could not do that without having it authorized by the Finance Authority.  The Finance Authority is the only one who can issue debt. Last week the Finance Authority did meet and passed a resolution authorizing the lease financing of the equipment

·         Now that there is a state budget in place Mr. Becher would like to put in a request for funding for inter-municipal projects.

·         Mr. Becher stated that the State Controller determined that there is a law on the books since 1995 which is an infrastructure fund that we are supposed to give money to when we do a project, which is one tenth of one percent.  Mr. Becher is not sure if this is retro-active or not.  Mr. Becher and Chairman DeLia will discuss with counsel.

  

Old Business:

Mr. Brodsky stated that the Audit Committee will meet to review the Audit Review.  The committee will ask the Board if they want to have a live conference call with the auditor, like we have done in the past.

Mr. Becher stated that when he was in Washington, DC recently he stopped in Congresswoman Claudia Tenney’s office to drop off a funding request.

 Meeting adjourned at 5:27 PM.

 Respectfully submitted,

 

__________________________ 

Suzanne M. Harmon, Secretary 

Mohawk Valley Water Authority