WOODROW-OSCEOLA WATER SUPPLY CORPORATION
REGULAR BOARD MEETING
APRIL 11. 2017
Item 1: Call meeting to order
President Bills called the Regular Board Meeting to order at 6:30 P.M., April 11, 2017. All Directors were present with the exception of Linda Hasselstrom. Also, Manager Malcolm Tucker and Tyler Young were present.
Item 2: Approve Minutes
Johnnie Bankston read the minutes from the March 14, 2017 Regular Board Meeting. Charles Jones made a motion to accept the minutes as read. Ray Mershawn seconded. Vote was unanimous.
Item 3: Directors Source and Application of Funds
Malcolm Tucker presented the Source and Application of Funds. After discussion, Garry Reynolds made a motion to accept the Source and Application of Funds as presented. Charles Jones seconded. Vote was unanimous.
Item 4: Membership Changes
Sandra Chilcutt made a motion to accept New Memberships-4, Transfers-None, Sellbacks-None, Revokes-None. Charles Jones seconded. Vote was unanimous.
Item 5: Public Comment
None
Item 6: Directors and Manager Comments
Sandra Chilcutt asked, what we were doing about the water loss. Malcolm said, he has a strong feeling the 3,000 free gallons the members get is probably being added to the usage instead of it being subtracted. He feels RVS and Neptune are not communicating, due to Teena’s computer crashing, but they are working on the problem. Malcolm told the Board Well 7 went down in an electrical storm when we lost power. The well has been repaired and will be on line next week. The motor will be examined to find out if the motor failed and in that case we still have a 4 year warranty or if lighting took it out insurance might pay. The cost for the failure will be about $65,000.00 and hopefully the cause will be one of the two above mentioned theories. Malcolm discussed with the Board about the possibilities of DYNAEnergetics building a company on the system having as many as 100 employees. The Corporation does not have a 6” line to the property, but there are two 4” lines that could be looped, but there would be much discussion and cost for DYNAEnergetics before anything could take place.
Item 7: Executive Session
None
Item 8: Adjourn
John Milburn made a motion to adjourn at 7:20 P.M. Charles Jones seconded. Vote was unanimous.
Respectfully Submitted,
______________________________
Johnnie Bankston
Secretary/Treasurer