HomeMy WebLinkAbout2020-05-19 - Board of Directors Meeting Minutes (A)2.
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2020-069
MINUTES OF THE
YORBA LINDA WATER DISTRICT
BOARD OF DIRECTORS SPECIAL MEETING
Tuesday, May 19, 2020, 6:30 p.m.
1717 E Miraloma Ave, Placentia CA 92870
TELECONFERENCE INFORMATION
As noted on the agenda, this meeting was facilitated via teleconference pursuant
to Paragraph 3 of Executive Order N-29-20 issued by the Governor of California
on March 17, 2020.
CALL TO ORDER
The meeting was called to order at 6:33 p.m.
PLEDGE OF ALLEGIANCE
ROLL CALL
DIRECTORS PRESENT
Phil Hawkins, President
Andrew J. Hall, Vice President
Brooke Jones
J. Wayne Miller, PhD
Al Nederhood
STAFF PRESENT
Brett R. Barbre, General Manager
John DeCriscio, Operations Manager
Gina Knight, Human Resources/Risk Manager
Delia Lugo, Finance Manager
Pasquale Talarico, Director of Public Affairs
Rosanne Weston, Engineering Manager
Annie Alexander, Executive Asst/Board Secretary
Danielle Logsdon, Senior Engineer
Kayden Young, Senior Management Analyst
ALSO PRESENT
Andrew Gagen, General Counsel, Kidman Gagen Law LLP
PUBLIC COMMENTS
Board Secretary Alexander confirmed that no written public comments had been
received for this meeting and that there were no members of the public on the
call desiring to comment.
Minutes of the YLWD Board of Directors Special Meeting Held May 19, 2020 at 6:30 p.m.
2020-070
6. DISCUSSION ITEMS
6.1. Budget Review for Fiscal Years 2020-2021
Staff began the presentation by reviewing historic budget assumptions.
Staff then presented initial budget assumptions for FY21 including options
for groundwater and import water supplies, debt service coverage ratios,
and OPEB/PERS contributions. Staff then reviewed four additional budget
assumption scenarios for FY21 and presented multiple financial policy
questions for the Board's consideration.
Following extensive discussion, the Board requested staff address and
consider the following to facilitate further refinement of budget
assumptions for FY21:
A. Explore options to accommodate pumping groundwater from June
through October.
B. Provide detail for employee salary and benefits expenses.
C. Develop multi-year plan for bringing the District's debt service
coverage ratio back up to 225% should the Board determine to
lower it to the contractual coverage of 125%.
D. Provide the days of cash for each of the budget assumption
scenarios.
E. Suspend OPEB/PERS pay down until after the PFAS removal plant
has been constructed and operational for one year.
F. While not expected, accept potential downgrade of AA bond rating
from Fitch.
G. Explore potential water rate increase effective January 1, 2021 and
obtain legal opinion from General Counsel regarding collection of a
PFAS Impact Fee on the County property tax roll.
H. Develop messaging strategies for items A and G.
The Board elected to defer discussion of the District's Capital
Improvement Projects to the next meeting.
7. CLOSED SESSION
The Board entered Closed Session at 7:48 p.m.
7.1. Conference with Legal Counsel — Anticipated Litigation
Significant Exposure to Litigation Pursuant to Paragraph (2) of Subdivision
(d) of Section 54956.9 of the California Government Code
Number of Potential Cases: One
Minutes of the YLWD Board of Directors Special Meeting Held May 19, 2020 at 6:30 p.m.
2020-071
The Board returned from Closed Session at 8:20 p.m.
General Counsel Gagen announced that the Board took no reportable action
during Closed Session.
8. ADJOURNMENT
8.1. The meeting ended at 8:21 p.m.
Annie Alexander
Board Secretary
Minutes of the YLWD Board of Directors Special Meeting Held May 19, 2020 at 6:30 p.m.