Finance Meeting Minutes
Finance Chairman
Commissioner Alford provided the
opening prayer and Commissioner Leward Henry led the Pledge of Allegiance to
the American Flag.
Upon roll call by
Mr. Dan Toepher with Bourgeois Bennett reviewed the audit report FYE 30 June 2007.
A motion was offered by Commissioner Luke, seconded by Commissioner Willis Henry, motion carried, to accept the audited Financial Report FYE 30 June 2007, as presented by Bourgeois Bennett, LLC.
Under Public, there was no one wishing to address the board.
Angela Rains reviewed the
Financial Report FME 31 December 2007.
Motion of Commissioner Daisy,
seconded by Commissioner Leward Henry, motion carried, to accept the Financial
Report FME 31 December 2007.
Motion of Commissioner Talbot, seconded by Commissioner Leward Henry, motion carried, to authorize the payment of warrants as presented, with the exception of Civil Construction Invoice No. 29391 in the amount if $229,559.30. Mr. Luke made note of two invoices for Civil Construction that were paid less assessed liquidated damages for the Lower Ward 7 Levee Project.
A motion was offered by Commissioner Willis Henry, seconded by Commissioner Talbot, to approve a salary increase for TLCD Executive Director in the amount of 5%. Mr. Zeringue is also authorized to award up to a 5% salary increase for all other employees of District. This motion carried.
Mr. Zeringue provided a summary of the insurance premiums which have been submitted to the Terrebonne Levee and Conservation District for the year 2008.
Commissioner Moore presented the
board with the Workers’ Compensation renewal, as well as the
A motion was made by Commissioner Leward Henry, seconded by Willis Henry, motion carried, to select Option #1 with RLI Insurance Co, for renewal of the marine policy and LWCC for renewal of the worker’s compensation policy, for a combined amount of $37,303.37.
Under Commissioner’s Request of Discussion, Commissioner Jack Moore spoke about the ˝ cent sales tax for the Morganza to the Gulf Hurricane Protection Project. He spoke of the First Levee Lift of the Morganza to the Gulf Hurricane Protection Project from PAC to the western side of the Falgout Canal Marina which would require a levee at a +10 elevation along the centerline of the Morganza Project, and the estimated cost of the plan ranging between $97 Million to $390 Million if all the material would need to be hauled in. The 35% local share currently amounts to $311 Million. Mr. Moore informed the board of bonding scenarios and sunset clauses that have been considered (which would be tied to the payment of the construction bonds).
Commissioner Moore offered a
motion to authorize Administration to meet with the bonding attorney to develop
a proposal for a call of an election for a ˝ cent sales tax for the First Levee
System Lift of the Morganza to the Gulf Hurricane Protection Project, to be
placed on the
Finance Committee Meeting
Page Two
After some discussion, a motion was offered by Commissioner Moore, unanimously seconded, authorizing Administration to meet with the bonding attorney to develop a proposal for a call of an election for a ˝ cent sales tax for the First Levee System Lift of the Morganza to the Gulf Hurricane Protection Project, to be placed on the July 19, 2008 ballot.
Under President’s Report, Mr.
Alford spoke of the excitement of the authorization of the Morganza to the Gulf
Hurricane Protection Project. He
mentioned the urgency to receive appropriation of funding to begin construction
of the project.
Under Executive Director’s Report, Mr. Zeringue had nothing to report.
There being no further business
to come before the board, a motion was offered by Commissioner Luke, and
seconded by Commissioner Leward Henry, motion carried, to adjourn the Finance Committee
Meeting at 7:22 o’clock P.M.
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