Meeting Minutes 2018-10-03

PARKWAY UTILITY DISTRICT MINUTES OF BOARD MEETING

OCTOBER 3, 2018

The Board of Directors (the “Board” or “Directors”) of Parkway Utility District (the “District”) met in workshop session, at 6:30 p.m., at 12843 Tidwell Road, Houston, Texas, on Wednesday, October 3, 2018, pursuant to notice of said meeting posted in accordance with Chapter 551 of the Texas Government Code; whereupon the roll was called of the members of the Board, to-wit:

Brenda McNeil – President
Alphonso P. Rettig, Jr. – Vice President
Jennifer Balderas – Secretary
Ron Everhart – Assistant Secretary
Gloria M. Woods – Director

All members of the Board were present.  Also attending were:  Gary Syzek of Systems Project Management; Bill Blitch of Blitch Associates, Inc. (“Financial Advisor”); Michael Murr of Murr Incorporated; Elliot M. Barner of Radcliffe Bobbitt Adams Polley PLLC (“Attorney” or “RBAP”); and all persons on the attached Attendance Roster.

The President, after finding that the notice of the meeting was posted as required by law and determining that a quorum of the Board of Directors was present, called the meeting to order.

PRESENTATION REGARDING NOVEMBER 6, 2018 BOND ELECTION (THE “ELECTION”)

Mr. Murr first presented the proposed park plan (the “Plan”) to the Board and to those members of the public in attendance.  An extensive discussion then ensued regarding the Plan, including:  1) projects currently included in the Plan; 2) projects to be included in amendments to the Plan; and 3) options for presenting and explaining the Plan in the District’s upcoming Open House Meetings.

Mr. Barner then explained that Proposition No. 1 provides for the issuance of $9,750,000 in park bonds and levy of taxes adequate to provide for payment of the bonds and the issuance of refunding bonds.  Mr. Barner went on to explain that the Plan is not part of the proposition to be voted on and may be amended at any time.

Mr. Barner went on to explain the polling locations and voting schedule for the Election (early voting and Election Day).

Mr. Blitch further explained that the District is prohibited by statute to issue park bonds in excess of one percent (1%) of the assessed value of property in the District at the time of issuance and discussed the impact of such issuance on the average property owner within the District.

QUESTION AND ANSWER PERIOD

The Board and Messrs. Murr, Syzek, Blitch and Barner then responded to questions from District residents who requested to speak regarding various matters including:  1) projects to be included in the Plan; 2) the Election; 3) the potential financial impact on a park bond issuance on the average property owner within the District; and 4) inquires on how the Board and the Texas Commission on Environmental Quality determine the projects and scope of projects.

THERE BEING NO FURTHER BUSINESS BEFORE THE BOARD, the meeting was adjourned.

PASSED AND APPROVED this the 20th day of November, 2018.

                                                                       

Secretary, Board of Directors

October 3, 2018 Minutes Signature

October 3, 2018 Minutes Signature