Eric Machin

The Board received a staffing update and a report on bond sale activities, noting an increase in the credit rating and the reserve fund. Contract increases were authorized for structural retainer services and electrical improvements at the Colonel Ward Pumping Station. The Board reviewed a report on professional services concerning ongoing engineering projects, rate consulting, and upcoming construction bids. The management report highlighted performance regarding affordability programs, payment plans, revenue projections, and infrastructure repair efforts.

The board approved the Thirty-Third Supplemental Water System Revenue Bond Resolution.

The board discussed public comments regarding the infrastructure fee and its relation to capital investments. Staff provided updates on operations, and the board approved an increase in funding for engineering services with GHD Consulting Services, Inc. Additionally, a no-cost time extension was authorized for a project contract with Frey Electric Construction Co., Inc. The meeting included a comprehensive report on ongoing professional engineering services, encompassing bond issuance support, rate consultant coordination, and facility improvement planning. The management report highlighted performance in customer assistance programs, revenue metrics, and the response efforts to infrastructure repairs.

The meeting addressed several administrative actions, including the approval of the 2026 Amendment to the Financing Agreement. Key governance roles were confirmed: Nolan Skipper was approved as Chair, Jessica Brown as Vice-Chair, and Peter Merlo as Secretary of the Finance Authority. Committee leadership appointments included Julie Barrett-O'Neill as Chair of the Governance Committee and Mitch Nowakowski as Chair of the Audit Committee. Additionally, the members discussed strategies for pursuing additional members for the Finance Authority.

The primary discussion item involved the approval of a Resolution regarding the proposed issuance of Water System Revenue Bonds and related matters for the 2026 bond sale. The next scheduled meeting was also noted.