Tarrant Regional Water District

The Board discussed and approved the execution of deeds related to the land purchase and flood easement agreement with W. H. Aston. A delegation representing local landowners and civic groups presented a petition requesting the construction of a bridge and causeway across Eagle Mountain Lake. The Board authorized the Land Committee to proceed with leasing high lands for the 1932 calendar year. Additionally, the Board ratified a correction regarding the names of grantors and payees on a previously issued voucher check and approved the sale of several structures located on land purchased from the Cactus Hill Land and Cattle Company, subject to specific removal conditions.

The Board of Directors authorized the District to enter into contracts for the purchase of various tracts of land required for Program C and Program D infrastructure projects. Key discussions included the acquisition of power line rights-of-way, a large land purchase for a reservoir project involving Henderson and Kaufman Counties, and multiple tract acquisitions under Program D involving lump sum payments, condemnation, and per-acre pricing for various properties.

The Board of Directors canvassed the official returns of the election for directors held for the district. Upon review of the election results, the Board officially declared the winners of the election and mandated that they take the oath of office and provide official bonds. The Board also ordered that the vote tabulation be attached to the minutes as an exhibit.

The Board of Directors held a meeting to provide an opportunity for members of the public to present matters for consideration. As no individuals appeared to address the Board, the meeting was subsequently recessed.

The Board of Directors reviewed a proposed refunding bond issue of $49,250,000.00. The meeting included a detailed explanation of the use of bond proceeds and potential arbitrage concerns, as well as an assessment of the underwriting agreement, which included indemnity provisions regarding errors or misstatements in the official statement. The board members held a private discussion to address concerns regarding the refunding process.