HomeMy WebLinkAboutMinutes - Mail Packet - 10/10/2023 - Electric Utility Enterprise Board Minutes – September 5, 2023, And Stormwater Utility Enterprise Board Minutes – October 3, 2023
City Clerk
300 Laporte Avenue
PO Box 580
Fort Collins, CO 80521
970.221.6515
970.221-6295 - fax
fcgov.com/cityclerk
DATE: October 5, 2023
TO: Mayor and City Council
THROUGH: Kelly DiMartino, City Manager
Rupa Venkatesh, Assistant City Manager
Anissa Hollingshead, City Clerk
FROM: Heather Walls, Deputy City Clerk
RE: Enterprise Board Minutes
Attached please find the draft minutes from the September 5, 2023 meeting of the Electric Utility
Enterprise Board and the October 3, 2023 meeting of the Stormwater Utility Enterprise Board.
While there is no legal requirement that a Board specifically approve the minutes, we would like
for you to review them before they are marked as approved. There are no meetings currently
scheduled for these Boards where they could be formally approved.
Please review and contact agendas@fcgov.com if any corrections need to be made.
Thank you.
City of Fort Collins Page 43
September 5, 2023
ELECTRIC UTILITY ENTERPRISE BOARD
11:03 p.m.
A)CALL MEETING TO ORDER
B)ROLL CALL
PRESENT
President Jeni Arndt
Vice President Emily Francis
Boardmember Susan Gutowsky
Boardmember Julie Pignataro
Boardmember Tricia Canonico
Boardmember Shirley Peel
Boardmember Kelly Ohlson
STAFF PRESENT
Executive Director Kelly DiMartino
City Enterprise Attorney Carrie Daggett
Secretary Anissa Hollingshead
C)ITEMS FOR CONSIDERATION
1.Consideration and Approval of the Minutes of the August 15, 2023 Board Meeting.
The purpose of this item is to approve the minutes of the August 15, 2023 Board Meeting.
No public comment or Council discussion.
Vice President Francis made a motion to approve the minutes of the August 15,
2023 Board Meeting. The motion was seconded by Boardmember Pignataro.
MOTION CARRIED 7-0
2. Second Reading of Ordinance No. 015, Authorizing the Enterprise to Issue and
Sale One or More Series of Tax-Exempt or Taxable Revenue Bonds, Providing for
the Sources of Payment of the Bonds, and Providing Other Details Concerning
the Bonds and the Enterprise’s System.
This Ordinance, unanimously adopted on First Reading on August 15, 2023, authorizes
a bond issuance in the Light and Power Fund. This authorization will allow staff to issue
bonds for projects in Light and Power and Connexion within the parameters as approved
by the Enterprise Board in the Ordinance.
No public comment or Council discussion.
Vice President Francis made a motion to adopt Ordinance No. 015 on Second
Reading Authorizing the Enterprise to Issue and Sale One or More Series of Tax-
Exempt or Taxable Revenue Bonds, Providing for the Sources of Payment of the
Bonds, and Providing Other Details Concerning the Bonds and the Enterprise’s
System. The motion was seconded by Boardmember Gutowsky.
MOTION CARRIED 7-0
DRAFT
City of Fort Collins Page 44
3. Resolution No. 002 Determining that the Enterprise’s Revenue Bonds, Series 2023,
Shall be Sold by Public Sale.
The purpose of this item is to determine the method of sale that will be used for the
Electric Utility Enterprise’s Series 2023 Revenue Bonds.
No public comment or Council discussion.
Vice President Francis made a motion to adopt Resolution No. 002 Determining
that the Enterprise’s Revenue Bonds, Series 2023, Shall be Sold by Public Sale.
The motion was seconded by Boardmember Canonico.
MOTION CARRIED 7-0
D) ADJOURNMENT
The meeting adjourned at 11:07 PM.
___________________________________
President
ATTEST:
_________________________________
Secretary
DR
A
F
T
City of Fort Collins Page 52
October 3, 2023
STORMWATER UTILITY ENTERPRISE BOARD
10:55 PM
A) CALL MEETING TO ORDER
B) ROLL CALL:
PRESENT
President Jeni Arndt
Vice President Emily Francis
Boardmember Susan Gutowsky
Boardmember Julie Pignataro
Boardmember Tricia Canonico
Boardmember Shirley Peel
Boardmember Kelly Ohlson
STAFF PRESENT
Executive Director Kelly DiMartino
City Enterprise Attorney Carrie Daggett
Secretary Anissa Hollingshead
C) ITEMS FOR CONSIDERATION
1. Consideration and Approval of the Minutes of the September 19, 2023 Board
Meeting.
The purpose of this item is to approve the minutes of the September 19, 2023 Board
Meeting.
No public comment or Council discussion.
Vice President Francis made a motion to approve the minutes of the September
19, 2023 Board Meeting. The motion was seconded by Boardmember Peel.
MOTION CARRIED 7-0
2. Second Reading of Ordinance No. 011, Authorizing the Enterprise to Issue and
Sale its Tax-exempt Revenue Bonds, Series 2023, Providing for the Sources of
Payment of the Bonds, and Providing Other Details Concerning the Bonds and the
Enterprise’s System.
This Ordinance, unanimously adopted on First Reading on September 19, 2023,
authorizes a bond issuance in the Stormwater Fund. This authorization will allow staff to
issue bonds for the Oak Street outfall project within the parameters as approved by the
Enterprise Board.
No public comment or Council discussion.
DR
A
F
T
City of Fort Collins Page 53
Vice President Francis made a motion to adopt Ordinance No. 011 on Second
Reading Authorizing the Enterprise to Issue and Sale its Tax-exempt Revenue
Bonds, Series 2023, Providing for the Sources of Payment of the Bonds, and
Providing Other Details Concerning the Bonds and the Enterprise’s System. The
motion was seconded by Boardmember Ohlson.
MOTION CARRIED 7-0
D)ADJOURNMENT
The meeting adjourned at 10:57 p.m.
___________________________________
President
ATTEST:
_________________________________
Secretary
DRAFT