PARKWAY UTILITY DISTRICT MINUTES OF BOARD SPECIAL MEETING
APRIL 19, 2021
THE STATE OF TEXAS §
COUNTY OF HARRIS §
PARKWAY UTILITY DISTRICT §
The Board of Directors (the “Board”) of Parkway Utility District (the “District”) convened in a special session, at 6:15 p.m. on April 19, 2021, via videoconference and teleconference pursuant to Section 551.125, Texas Gov’t Code as modified by the temporary suspension of certain provisions thereof pursuant to guidelines issued by the Texas Attorney General and approved by the Governor for use during the COVID-19 statewide disaster. A roll call was taken of the persons present:
Brenda McNeil, President
Alphonso (“Al”) Rettig, Vice President
Jennifer Balderas, Secretary
Ron Everhart, Assistant Secretary
Gloria Woods, Director
All members of the Board were present, thus constituting a quorum. Also attending all or parts of the meeting were Mr. Gary Syzek of Systems Project Management, General Manager for the District; Ms. Kaci Schlachter and Mr. Jeffery Bishop, of Jones|Carter (“JC”), engineers for the District; Mr. and Mr. Reginald Wilson and Ms. Meghan Koett of Norton Rose Fulbright US LLP (“NRF”), attorneys for the District; and Mr. John Howell with The GMS Group, financial advisor for the District.
Pursuant to Section 551.054, Texas Gov’t Code, as modified by the temporary suspension of certain provisions thereof, notice of the meeting was posted on the District’s website within the time limits prescribed by law. A certificate of such posting is attached hereto as Exhibit A. The agenda packet was posted on the website as items became available incompliance with the guidelines issued by the Texas Attorney General.
Call to Order. Mr. Wilson called the meeting to order. He noted that the meeting was being held by teleconference in accordance with federal, state and county directives to slow the spread of COVID-19 by avoiding meetings that bring people together. He said the notice of the meeting included a toll-free dial-in number for members of the public to call so they can hear the meeting and address the Board. He noted that the meeting was being recorded and a recording would be available upon public request. Mr. Wilson then set out guidelines for the conduct of the meeting. He asked each speaker to identify themselves before speaking. He then proceeded with the meeting business:
1. Public Comments. There were no public comments.
2. Discuss potential bond issuance for District facilities and take necessary action.
Mr. Howell reviewed bond issuance fiscal impact on the District.
Mr. Wilson discussed the District’s surplus. He stated the District’s current surplus if for water and sewer only, not for parks and amenities.
Mr. Bishop reviewed a map that showed District boundaries and vacant tracts, a copy of which is attached hereto as Exhibit “B.” Mr. Bishop stated the District does not currently have water capacity to serve all the vacant tracts. Discussion ensued.
Mr. Bishop reviewed the District’s option to build a water plant that includes the well, lift station, and force mail, see Exhibit “B”. He stated the cost would be near $11.3 million but would provide the most savings. Mr. Bishop stated this option would best suit the District to provide to the vacant tracts.
Mr. Bishop reviewed the District’s option to building a water plant that includes the well, but the lift station and force main is the Developer’s responsibility, see Exhibit “B”.
Mr. Bishop discussed annexation of Sunrise Plastics. Extensive discussion ensued.
Mr. Bishop reviewed preliminary summary of costs for each potential project, see Exhibit “B”.
Discussion ensued regarding the District’s current rating. Mr. Howell stated the District currently has a AA rating for bond insurance and a BBB for an underlying rating.
THERE BEING NO FURTHER BUSINESS TO COME BEFORE THE BOARD, the meeting was adjourned.
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The foregoing minutes were passed and approved by the Board of Directors on May 12, 2021.
President, Board of Directors
ATTEST: Secretary, Board of Directors
(DISTRICT SEAL)