MINUTES
OF MEETING
PORT
OF THE
COMMUNITY
IMPROVEMENT DISTRICT
The
regular meeting of the Board of Supervisors of the Port of the Islands
Community Improvement District was held
Present and constituting a quorum
were:
Richard
Gatti Chairman
Bernard
Wolsky Supervisor
Richard
Burgeson Supervisor
Also present were:
Darrin
Mossing
Dan
Cox Young
Van Assenderp
Ron
Benson Hole,
Montes
Tim
Stephens District
Staff
residents
FIRST
ORDER OF BUSINESS Roll
Call
Mr.
Gatti called the meeting to order and stated that all Supervisors were present
at roll call with the exception of Supervisors Gross and Bissell.
SECOND
ORDER OF BUSINESS Approval of Minutes of the June 21, 2001
Meeting
ON MOTION by Mr. Wolsky, seconded by Mr. Burgeson, with all
in favor, the Board approved the minutes of the
ON MOTION by Mr. Burgeson, seconded by Mr. Wolsky, with all
in favor, the Board moved to continue the public hearing on the adoption of the
Fiscal Year 2002 budget to
A. Attorney
Mr. Cox addressed a statement in the fiscal year
2000 audit regarding the District’s obligation to assume payment in the event
of default by property owners. He went on to state that the bondholder cannot
sue the Board or foreclose on any of the assets of the District. The
bondholder’s remedies can include requesting that a judge direct the Board to
perform all of the obligations of the bonds, which the Board is already doing.
The bondholder can ask for an accounting of all of the funds that the District
has received. That accounting is provided annually to the bondholder. They
could also obtain an injunction to either act affirmatively or cease acting in
a way that is contrary to the bonds.
That is not a concern since the District is performing in accordance
with the bond documents. There is one provision that states that the bondholder
can sue on the bonds. District Counsel interprets that to mean foreclosure of
specific properties for non-payment of bond assessments. There is no exposure
to property owners who are paying their assessments, only to property owners
who are in default. Should a court action invalidate the assessment methodology,
the court could order the District to recalculate the assessment methodology to
determine whether the current allocation is proper. Such a situation would be
highly unusual.
B. Engineer
Dr. Benson stated that the proposed improvement
that would connect the wastewater treatment plant to US 41 and allow the water
that is produce by the plant to be used as irrigation is scheduled to be
completed by the end of the current calendar year.
Dr. Benson distributed the Annual Engineer’s
Report for the Board’s review. Acceptance of the report will take place at the
August 16, 2001 meeting.
C. Manager
There not being any, the next item followed,
D. Field Manager
Mr. Stephens stated that the water
softening, aeration and chlorination process at the water plant will be shut
down for approximately 15 days in order to sandblast and paint the water tanks.
Mr. Mossing stated that the process will
not effect the water quality.
FIFTH
ORDER OF BUSINESS Supervisor's
Requests and Audience Comments
A resident asked what changes could be expected
in the water due to the lack of water softener.
Mr. Stephens responded that the water would be
harder and recommended that water softeners be used in dishwashers and washing
machines.
A resident stated that the water pressure had
dropped significantly recently and that he was unable to contact District
Staff.
Mr. Stephens responded that during the recent
storm the plant telephone had lost power. Under normal circumstances District Staff
can be reached at (941) 642-9219 and the answering machine message includes
staff’s mobile telephone numbers in case of emergencies.
SIXTH
ORDER OF BUSINESS Financial
Statements and Approval of Check Registers
On MOTION by Mr. Burgeson, seconded by
Mr. Gross, with all in favor the General Fund Check Register in the amount of
$46,403.80 and the Water & Sewer Fund Check Register in the amount of
$41,194.82 were approved.
On MOTION by Mr. Gross, seconded by Mr. Burgeson,
with all in favor the July 19, 2001 meeting was adjourned.
Darrin S. Mossing Richard Gatti
Assistant Secretary Chairman