06-27-2012 HUCMMINUTES
Regular Meeting — Hutchinson Utilities Commission
Wednesday, June 27, 2012
Call to order — 3:00 p.m.
President Bordson called the meeting to order. Members present: President Dwight
Bordson, Vice President Craig Lenz; Secretary Leon Johnson; Commissioner Monty
Morrow; Commissioner Anthony Hanson; Attorney Marc Sebora; General Manager
Michael Kumm.
Guests: Jeremy Carter (City) and Mayor Steve Cook.
1. Approve Minutes of May 30, 2012 Regular Meeting
The minutes of the May 30, 2012 regular meeting were discussed. Mayer Cook
requested removing verbiage from agenda item 6, Discuss City Administrator/Ex-
Officio HUC Board Member. The Board suggested this be reflected in unfinished
business section of today's minutes. Commissioner Hanson noted under New
Business, to add: `Discussion was held regarding a patent for the statistical model
and software used in system control'. A motion was made by Secretary Johnson,
seconded by Commissioner Morrow to approve the minutes to include the
additional verbiage, `Discussion was held regarding a patent for the statistical
model and software used in system control'. Motion was unanimously carried.
2. Ratify Payment of Bills for May 2012
The May 2012 payables were discussed. A motion was made by Vice President
Lenz, seconded by Commissioner Hanson to ratify the payment of bills in the
amount of $3,028,378.53 (detailed listing in payables book). Motion was
unanimously carried.
3. Approve Financial Statements /Budget Year to Date
GM Kumm presented the May 2012 financial statements /budget year -to -date. After
discussion, a motion was made by Commissioner Hanson, seconded by Vice
President Lenz to approve the financial statements /budget year -to -date. Motion
was unanimously carried.
4. Absolve 2008 PILOT (Payment in Lieu of Taxes) Committee (Craig Lenz &
Mike Kumm)
In the May 30, 2012 regular commission meeting, Vice President Lenz noted a
PILOT Committee was formed in 2008 and it would need to be absolved to allow
the newly formed transfer formula committee to meet. GM Kumm identified that he
and Craig Lenz were on the 2008 PILOT Committee. Members of the new transfer
formula committee are Commissioner Morrow, President Bordson, GM Kumm, City
Administrator Jeremy Carter, Council Member Chad Czmowski and Mayor Steve
Cook. After discussion, a motion was made by Commissioner Hanson, seconded
by Vice President Lenz to absolve the 2008 PILOT Committee. Motion was
unanimously carried.
1
5. Approve the Transfer and Assignment of Natural Gas Firm Transportation
Capacity Agreement and Interconnect Agreement from United Farmers
Cooperative to United Natural Gas, LLC
GM Kumm presented United Farmers Cooperative formed an LLC called United
Natural Gas and this transfer and assignment is for the name change only. After
discussion, a motion was made by Vice President Lenz, seconded by
Commissioner Morrow to approve the Transfer and Assignment of Natural Gas
Firm Transportation Capacity Agreement and Interconnect Agreement from United
Farmers Cooperative to United Natural Gas, LLC. Motion was unanimously
carried. Motion was unanimously carried. (Transfer and Assignment attached.)
6. Award Banking Services
Jared Martig presented a summary of proposed banking services. Staff
recommendation is to secure a hybrid plan by keeping checking account at
Citizens Bank & Trust Co. and investing in a savings account with a better interest
rate at Home State Bank. The end result will be a savings of approximately
$59,500 through a combination of increased interest income and lower service
fees. A motion was made by Secretary Johnson, seconded by Vice President Lenz
to approve moving funds, as needed, to Home State Bank. Motion was
unanimously carried. Commissioner Hanson abstained from voting because of a
conflict of interest. Motion was unanimously carried. (Summary attached.)
7. Approve Changes to Policy on Disposal of Surplus Property
GM Kumm requested this be removed from agenda to allow staff to make
additional changes. The Policy will be brought back to the Board for approval at
next commission meeting.
8. Approve Changes to Exempt and Non - Exempt Handbooks
GM Kumm presented changes to the exempt and non - exempt handbooks,
sections: deferred compensation; personal use of utility facilities and equipment;
and employee recognition compensation. The changes were made to clean up
verbiage and to provide clarity on what we currently practice. A motion was made
by Vice President Lenz, seconded by Secretary Johnson to approve the changes
to the exempt and non - exempt handbooks, sections: deferred compensation;
personal use of utility facilities and equipment; and employee recognition
compensation. Motion was unanimously carried. (Changes attached.)
9. Approve Bid Tabulation for Unit 5 Plant 1 Building Modifications -
Mechanical and Electrical
Steve Lancaster presented the bid tabulation for Unit 5 Plant 1 building
modifications - mechanical and electrical. After discussion, a motion was made by
Secretary Johnson, seconded by Vice President Lenz to approve the bid tabulation
for Unit 5 Plant 1 building modifications - mechanical and electrical from Corval
Constructors, Inc. for the mechanical and from Quade Electric Inc. for the
electrical. Motion was unanimously carried. (Bid Tabulation Attached.)
10. Approve Requisition #4961 for Horizontal Filter
GM Kumm requested this be removed from the agenda as no Commission
approval is necessary because the amount is under $25,000.
2
11. Approve Requisition #4962 for Coriolis Meter Setting
GM Kumm presented requisition #4962 for coriolis meter setting for the Brownton
interconnect from Energy Meter Systems Inc. in the amount of $36,000. GM Kumm
explained this amount will be 100% reimbursed from United Natural Gas. After
discussion, a motion was made by Commissioner Morrow, seconded by Vice
President Lenz to approve requisition #4962 for coriolis meter setting from Energy
Meter Systems Inc. in the amount of $36,000. Motion was unanimously carried.
(Requisition attached.)
12. Division Reports
Finance — Jared Martig
• Bond sale went better than anticipated. Received $1.4 million in present value
savings.
Gas — John Webster
• All natural gas AMI meters installed and programmed.
• Ryan Ellenson has flown the pipeline and found no leaks.
• Specifications sent out for contractor to build Brownton interconnect. All
materials have been ordered and are here except skids.
• Gas line construction at plant 1 will start in July.
• Casings bypass construction will start in July.
• Contact list and certificate of insurance provided to United Natural Gas
• Natural Gas Division benchmarking information handed out.
• Working on prepay numbers for MMGA.
• Start looking at purchasing another strip of natural gas for an 8 -year deal.
Business — Jan Sifferath
• Ads placed in paper to fill two vacancies — system controller and system
operator positions.
Electric — Steve Lancaster
• Received all equipment from Finland
GM Kumm reported he has been giving a power supply planning presentation
every Thursday for about the last month to employees. GM Kumm stated although
President Bordson and Vice President Lenz have seen this presentation, he
encourages Commissioner Hanson, Secretary Johnson and Commissioner Morrow
to attend one of the next few presentations.
13. Legal Update
Nothing to report
Unfinished Business
• Discuss Potential Capacity Sale
GM Kumm and Steve Lancaster
capacity sale proposal.
3
are continuing to work on the potential
• Discuss City Administrator/ Ex- Officio HUC Board Member
Mayor Cook requested it be reflected in the minutes that he wanted to clarify
that he is not in favor of his previous statement about amending City Charter to
remove council member verbiage and replace with City Administrator /ex- officio
verbiage. Mayor Cook confirmed he was speaking for himself not for the City
Council. Mayor Cook clarified his intent was that this position would be more as
a non - voting liaison between HUC and City, and that the ex- officio would serve
when a council member is not serving as a member of the commission. Also, at
the end of the July 10th council meeting the Council did discuss possibly
changing the City Charter to remove the Council's ability to appoint a council
member to HUC and the Council unanimously felt it was important to retain that
right.
Discussion was held questioning if the City Charter needed to be changed to
accommodate such a position. Attorney Sebora stated if there is going to be
any change in makeup of Hutchinson Utilities Commission the City Charter
would need to be changed to reflect that. Attorney Sebora suggested instead of
a change in the City Charter, HUC could: 1) amend the HUC by -laws to allow
the City Administrator to communicate with HUC; or 2) add City Administrator
as a continuing agenda item on the HUC regular commission meeting agendas.
Mayor Cook stated he thought that was reasonable and whatever would work
best. President Bordson suggested keeping the position more open -ended
such as a city representative to fill the role instead of the City Administrator.
After discussion, the Board requested Attorney Sebora to research both options
and report back to the Board.
• Discuss Credit Card Payments
GM Kumm discussed working on restricting credit card payments to residential
customers only and no commercial or industrial customers as it is costing HUC
a substantial amount of money in fees.
• Discussion Regarding Pre -pay for Natural Gas
GM Kumm discussed in looking at roughly 30% of the 70% of HUC's average
monthly baseload volumes, participation in pre -pay would result in
approximately $138,000 of annual savings.
• Shared Services (By -Laws, Minutes from Fall Commission Meeting and Joint
Meeting)
GM Kumm discussed the idea of sharing personnel and equipment between
City and HUC was brought up at joint meeting. GM Kumm stated his role is to
make sure HUC follows their by -laws and HUC may be violating the by -laws in
sharing services and equipment with the City. GM Kumm specifically
highlighted verbiage in Section — 2 Rates, A. "... no rate shall be charged or
practice adopted which will grant a discriminatory rate, rebate or other special
concession to any consumer served by the Hutchinson Utilities Commission. It
is specifically understood that the City is a consumer within the meaning of this
section...". Attorney Sebora suggested if the intent was the City was a
12
customer for rate purposes only, a sentence could be added to the by -laws
stating the City is a customer only dealing with rates. GM Kumm stated that we
can't isolate that expense because any expense is a component of the rates.
Commissioner Morrow suggested considering looking at shared service
agreements between City and the school district which are reviewed every
three years. The Board requested GM Kumm and Jeremy Carter to research
City's agreement with the school district and bring a recommendation back to
the Board and City Council.
New Business
• Discuss After Hours Reconnection Policy
GM Kumm presented a draft of an After Hours Reconnection Policy
recommended by staff for the Board to review. This policy will be brought back
to the Board for approval at the next regular commission meeting.
• Update on tenKsolar
GM Kumm reported the City is trying to secure renewable development funds
(RDF's) through Xcel Energy for the tenKsolar project.
• Intellectual Property Committee — Patent
President Bordson recommended establishing an intellectual property
committee for the statistical model and patent. Discussion held on potential
costs, developing confidentiality and non - disclosure agreements, and
recognition to employees who come up with inventions /patents. President
Bordson also recommended $5,000 be approved to move forward in the
initiation of the patent study. A motion was made by Secretary Johnson,
seconded by Vice President Lenz to appoint Commissioner Morrow, President
Bordson with Secretary Johnson assigned as a back -up person to work with
GM Kumm on the intellectual property committee and to approve up to $5,000
to be spent on reviewing the initiation of the patent study. Motion was
unanimously carried.
• Discussion held of the need to have a strategic planning session as a Board.
President Bordson requested commissioners send discussion topic ideas to
Kim Koski and GM Kumm and potential dates for the session(s) will be
discussed at the next regular commission meeting.
President Bordson discussed being approached by a couple rate payers inquiring if
HUC could highlight the dollar amount HUC transfers to the City on the bills.
5
There being no further business, a motion was made by Vice President Lenz, seconded
by Commissioner Hanson to adjourn the meeting at 4:55 p.m. Motion was unanimously
carried.
ATTEST:
Dwight Bordson, President
9
Leon Johnson, Secretary
MINUTES
Regular Meeting — Hutchinson Utilities Commission
Wednesday, June 27, 2012
Call to order — 3:00 p.m.
President Bordson called the meeting to order. Members present: President Dwight
Bordson, Vice President Craig Lenz; Secretary Leon Johnson; Commissioner Monty
Morrow; Commissioner Anthony Hanson; Attorney Marc Sebora; General Manager
Michael Kumm.
Guests: Jeremy Carter (City) and Mayor Steve Cook.
1. Approve Minutes of May 30, 2012 Regular Meeting
The minutes of the May 30, 2012 regular meeting were discussed. Mayer Cook
requested removing verbiage from agenda item 6, Discuss City Administrator/Ex-
Officio HUC Board Member. The Board suggested this be reflected in unfinished
business section of today's minutes. Commissioner Hanson noted under New
Business, to add: 'Discussion was held regarding a patent for the statistical model
and software used in system control'. A motion was made by Secretary Johnson,
seconded by Commissioner Morrow to approve the minutes to include the
additional verbiage, 'Discussion was held regarding a patent for the statistical
model and software used in system control'. Motion was unanimously carried.
2. Ratify Payment of Bills for May 2012
The May 2012 payables were discussed. A motion was made by Vice President
Lenz, seconded by Commissioner Hanson to ratify the payment of bills in the
amount of $3,028,378.53 (detailed listing in payables book). Motion was
unanimously carried.
3. Approve Financial Statements /Budget Year to Date
GM Kumm presented the May 2012 financial statements /budget year -to -date. After
discussion, a motion was made by Commissioner Hanson, seconded by Vice
President Lenz to approve the financial statements /budget year -to -date. Motion
was unanimously carried.
4. Absolve 2008 PILOT (Payment in Lieu of Taxes) Committee (Craig Lenz &
Mike Kumm)
In the May 30, 2012 regular commission meeting, Vice President Lenz noted a
PILOT Committee was formed in 2008 and it would need to be absolved to allow
the newly formed transfer formula committee to meet. GM Kumm identified that he
and Craig Lenz were on the 2008 PILOT Committee. Members of the new transfer
formula committee are Commissioner Morrow, President Bordson, GM Kumm, City
Administrator Jeremy Carter, Council Member Chad Czmowski and Mayor Steve
Cook. After discussion, a motion was made by Commissioner Hanson, seconded
by Vice President Lenz to absolve the 2008 PILOT Committee. Motion was
unanimously carried.
1
5. Approve the Transfer and Assignment of Natural Gas Firm Transportation
Capacity Agreement and Interconnect Agreement from United Farmers
Cooperative to United Natural Gas, LLC
GM Kumm presented United Farmers Cooperative formed an LLC called United
Natural Gas and this transfer and assignment is for the name change only. After
discussion, a motion was made by Vice President Lenz, seconded by
Commissioner Morrow to approve the Transfer and Assignment of Natural Gas
Firm Transportation Capacity Agreement and Interconnect Agreement from United
Farmers Cooperative to United Natural Gas, LLC. Motion was unanimously
carried. Motion was unanimously carried. (Transfer and Assignment attached.)
6. Award Banking Services
Jared Martig presented a summary of proposed banking services. Staff
recommendation is to secure a hybrid plan by keeping checking account at
Citizens Bank & Trust Co. and investing in a savings account with a better interest
rate at Home State Bank. The end result will be a savings of approximately
$59,500 through a combination of increased interest income and lower service
fees. A motion was made by Secretary Johnson, seconded by Vice President Lenz
to approve moving funds, as needed, to Home State Bank. Motion was
unanimously carried. Commissioner Hanson abstained from voting because of a
conflict of interest. Motion was unanimously carried. (Summary attached.)
7. Approve Changes to Policy on Disposal of Surplus Property
GM Kumm requested this be removed from agenda to allow staff to make
additional changes. The Policy will be brought back to the Board for approval at
next commission meeting.
8. Approve Changes to Exempt and Non - Exempt Handbooks
GM Kumm presented changes to the exempt and non - exempt handbooks,
sections: deferred compensation; personal use of utility facilities and equipment;
and employee recognition compensation. The changes were made to clean up
verbiage and to provide clarity on what we currently practice. A motion was made
by Vice President Lenz, seconded by Secretary Johnson to approve the changes
to the exempt and non - exempt handbooks, sections: deferred compensation;
personal use of utility facilities and equipment; and employee recognition
compensation. Motion was unanimously carried. (Changes attached.)
9. Approve Bid Tabulation for Unit 5 Plant 1 Building Modifications —
Mechanical and Electrical
Steve Lancaster presented the bid tabulation for Unit 5 Plant 1 building
modifications — mechanical and electrical. After discussion, a motion was made by
Secretary Johnson, seconded by Vice President Lenz to approve the bid tabulation
for Unit 5 Plant 1 building modifications — mechanical and electrical from Corval
Constructors, Inc. for the mechanical and from Quade Electric Inc. for the
electrical. Motion was unanimously carried. (Bid Tabulation Attached.)
10. Approve Requisition #4961 for Horizontal Filter
GM Kumm requested this be removed from the agenda as no Commission
approval is necessary because the amount is under $25,000.
2
11. Approve Requisition #4962 for Coriolis Meter Setting
GM Kumm presented requisition #4962 for coriolis meter setting for the Brownton
interconnect from Energy Meter Systems Inc. in the amount of $36,000. GM Kumm
explained this amount will be 100% reimbursed from United Natural Gas. After
discussion, a motion was made by Commissioner Morrow, seconded by Vice
President Lenz to approve requisition #4962 for coriolis meter setting from Energy
Meter Systems Inc. in the amount of $36,000. Motion was unanimously carried.
(Requisition attached.)
12. Division Reports
Finance — Jared Martig
• Bond sale went better than anticipated. Received $1.4 million in present value
savings.
Gas — John Webster
• All natural gas AMI meters installed and programmed.
• Ryan Ellenson has flown the pipeline and found no leaks.
• Specifications sent out for contractor to build Brownton interconnect. All
materials have been ordered and are here except skids.
• Gas line construction at plant 1 will start in July.
• Casings bypass construction will start in July.
• Contact list and certificate of insurance provided to United Natural Gas
• Natural Gas Division benchmarking information handed out.
• Working on prepay numbers for MMGA.
• Start looking at purchasing another strip of natural gas for an 8 -year deal.
Business — Jan Sifferath
• Ads placed in paper to fill two vacancies — system controller and system
operator positions.
Electric — Steve Lancaster
• Received all equipment from Finland
GM Kumm reported he has been giving a power supply planning presentation
every Thursday for about the last month to employees. GM Kumm stated although
President Bordson and Vice President Lenz have seen this presentation, he
encourages Commissioner Hanson, Secretary Johnson and Commissioner Morrow
to attend one of the next few presentations.
13. Legal Update
Nothing to report
Unfinished Business
• Discuss Potential Capacity Sale
GM Kumm and Steve Lancaster
capacity sale proposal.
Q
are continuing to work on the potential
• Discuss City Administrator/ Ex- Off icio HUC Board Member
Mayor Cook requested it be reflected in the minutes that he wanted to clarify
that he is not in favor of his previous statement about amending City Charter to
remove council member verbiage and replace with City Administrator /ex- officio
verbiage. Mayor Cook confirmed he was speaking for himself not for the City
Council. Mayor Cook clarified his intent was that this position would be more as
a non - voting liaison between HUC and City.. -, and that the ex- officio would serve
when a council member is not serving as a member of the commission. Also, at
the end of the July 10th council meeting the Council did discuss possibly
changing the City Charter to remove the Council's ability to appoint a council
member to HUC and the Council unanimously felt it was important to retain that
right.
Discussion was held questioning if the City Charter needed to be changed to
accommodate such a position. Attorney Sebora stated if there is going to be
any change in makeup of Hutchinson Utilities Commission the City Charter
would need to be changed to reflect that. Attorney Sebora suggested instead of
a change in the City Charter, HUC could: 1) amend the HUC by -laws to allow
the City Administrator to communicate with HUC; or 2) add City Administrator
as a continuing agenda item on the HUC regular commission meeting agendas.
Mayor Cook stated he thought that was reasonable and whatever would work
best. President Bordson suggested keeping the position more open -ended
such as a city representative to fill the role instead of the City Administrator.
After discussion, the Board requested Attorney Sebora to research both options
and report back to the Board.
• Discuss Credit Card Payments
GM Kumm discussed working on restricting credit card payments to residential
customers only and no commercial or industrial customers as it is costing HUC
a substantial amount of money in fees.
• Discussion Regarding Pre -pay for Natural Gas
GM Kumm discussed in looking at roughly 30% of the 70% of HUC's average
monthly baseload volumes, participation in pre -pay would result in
approximately $138,000 of annual savings.
• Shared Services (By -Laws, Minutes from Fall Commission Meeting and Joint
Meeting)
GM Kumm discussed the idea of sharing personnel and equipment between
City and HUC was brought up at joint meeting. GM Kumm stated his role is to
make sure HUC follows their by -laws and HUC may be violating the by -laws in
sharing services and equipment with the City. GM Kumm specifically
highlighted verbiage in Section — 2 Rates, A. "...no rate shall be charged or
practice adopted which will grant a discriminatory rate, rebate or other special
concession to any consumer served by the Hutchinson Utilities Commission. It
is specifically understood that the City is a consumer within the meaning of this
section... ". Attorney Sebora suggested if the intent was the City was a
11
customer for rate purposes only, a sentence could be added to the by -laws
stating the City is a customer only dealing with rates. GM Kumm stated that we
can't isolate that expense because any expense is a component of the rates.
Commissioner Morrow suggested considering looking at shared service
agreements between City and the school district which are reviewed every
three years. The Board requested GM Kumm and Jeremy Carter to research
City's agreement with the school district and bring a recommendation back to
the Board and City Council.
New Business
• Discuss After Hours Reconnection Policy
GM Kumm presented a draft of an After Hours Reconnection Policy
recommended by staff for the Board to review. This policy will be brought back
to the Board for approval at the next regular commission meeting.
• Update on tenKsolar
GM Kumm reported the City is trying to secure renewable development funds
(RDF's) through Xcel Energy for the tenKsolar project.
• Intellectual Property Committee — Patent
President Bordson recommended establishing an intellectual property
committee for the statistical model and patent. Discussion held on potential
costs, developing confidentiality and non - disclosure agreements, and
recognition to employees who come up with inventions /patents. President
Bordson also recommended $5,000 be approved to move forward in the
initiation of the patent study. A motion was made by Secretary Johnson,
seconded by Vice President Lenz to appoint Commissioner Morrow, President
Bordson with Secretary Johnson assigned as a back -up person to work with
GM Kumm on the intellectual property committee and to approve up to $5,000
to be spent on reviewing the initiation of the patent study.
• Discussion held of the need to have a strategic planning session as a Board.
President Bordson requested commissioners send discussion topic ideas to
Kim Koski and GM Kumm and potential dates for the session(s) will be
discussed at the next regular commission meeting.
President Bordson discussed being approached by a couple rate payers inquiring if
HUC could highlight the dollar amount HUC transfers to the City on the bills.
5
There being no further business, a motion was made by Vice President Lenz, seconded
by Commissioner Hanson to adjourn the meeting at 4:55 p.m. Motion was unanimously
carried.
/eon Johnson, Secretary
ATTEST: LPres ✓
D igh Bordson, i dent
„1 I
UNITED NATURAL CAS, LLC
PO Box 461, 705 E. 4th Street, Winthrop MN 55396
507 - 647 -6602 or 888 - 832 -5734
United Natural Gas, LLC
Resolution of Board of Governors
Whereas United Natural Gas, LLC ( "UNG ") a wholly owned subsidiary of United Farmers
Cooperative ( "UFC ") has agreed to supply United Grain Systems, LLC ( "UGS ") with natural gas to power
UGS's grain dryers;
Whereas United Farmers Cooperative desires to and has agreed to contract with the Hutchinson
Utilities Commission ( "HUC ") to transport natural gas from HUC's pipeline through UNG's pipeline to the
UGS grain shuttle facilities west of Brownton, MN.
Whereas UFC desires for Hutchinson Utilities Commission ( "HUC ") to transfer and assign the
Natural Gas Firm Transportation Capacity Agreement and Interconnect Agreement from UFC to UNG,
which was formed as a wholly owned subsidiary of UFC.
Now, Therefore, UNG approves the Natural Gas Firm Transportation Capacity Agreement and
Interconnect Agreement previously approved by UFC, and both UFC and UNG authorize HUC to proceed
with purchase of the interconnect facilities and equipment.
May 17, 2012
United Natural Gas, LLC
By
Its C `% �
�r / 2, "zdyd,
United Farmers Cooperative
By z
Its �!��
Assume $9,500,000 in bank
Key
HSB Home State Bank
Citizens Citizens Bank & Trust Co.
Wells Wells Fargo Bank
Hybrid Keep Approximately $6,500,000 @ HSB and 3,000,0000 @ Citizens
Staff Recommendation is to go with a hybrid of a checking account with approximately
$3,000,000 in a checking account at Citizens Bank & Trust Co. and investing $6,500,000 in a savings
account at Home State Bank. This will allow HUC to continue to utilize the services we
currently use at Citizens while investing some excess funds in a highly liquid account for
availability for future generation projects as necessary. The end result of this will be a
savings of approximately $59,500 through a combination of increased interest income and
lower service fees.
Currently
HSB
Citizens
Wells
Hybrid
Interest Rate
0.10%
0.95%
0.14%
0.10%
Monthly Interest
$
790.00
$ 7,520.00
$ 1,110.00
$ 790.00
$ 5,500.00
Monthly Fees
$
250.00
$ 540.00
$ -
$ 250.00
$ -
Total Monthly Income
$
540.00
$ 6,980.00
$ 1,110.00
$ 540.00
$ 5,500.00
Annual Interest
$
9,480.00
$ 90,240.00
$ 13,320.00
$ 9,480.00
$ 66,000.00
Annual Fees
$
3,000.00
$ 6,480.00
$ -
$ 3,000.00
$ -
Total Annual Income
$
6,480.00
$ 83,760.00
$ 13,320.00
$ 6,480.00
$ 66,000.00
Key
HSB Home State Bank
Citizens Citizens Bank & Trust Co.
Wells Wells Fargo Bank
Hybrid Keep Approximately $6,500,000 @ HSB and 3,000,0000 @ Citizens
Staff Recommendation is to go with a hybrid of a checking account with approximately
$3,000,000 in a checking account at Citizens Bank & Trust Co. and investing $6,500,000 in a savings
account at Home State Bank. This will allow HUC to continue to utilize the services we
currently use at Citizens while investing some excess funds in a highly liquid account for
availability for future generation projects as necessary. The end result of this will be a
savings of approximately $59,500 through a combination of increased interest income and
lower service fees.
EXEMPT
DEFERRED COMPENSATION
The Ut;l;t After completion of probationary period, HUC offers a 457 deferred
compensation plan, which allows employees to place a portion of their earnings through
payroll deduction into a tax deferred investment program. Taxes on money set aside are
deferred until the time the money is withdrawn. The "+eE-;HUC does not contribute to
this 457 deferred compensation plan. For enrollment information, see the BUSORGSS
B+v+s+eRCustomer /Human Relations Manaaer.
PERSONAL USE OF UTILITY FACILITIES AND EQUIPMENT
No employee may use y-HUC facilities or equipment for personal use.
EMPLOYEE RECOGNITION COMPENSATION
In addition to any monetary remuneration that an employee may receive as part of their
employment with the HUtGhinsen Utilities GernmissienHUC and other benefits listed in
this employee handbook, the employee and a guest shall be entitled to attend any
annual employee recognition banquet, as compensation, sponsored by the HseR
Utilities COMMOS66OR HUC. Employees may also be recognized for their loyalty and years
of service to HUC and may receive items in recognition
of their years of service at the annual employee recognition banquet not to exceed the
following amounts:
Amount
Years of Service
$50
5 Years
$100
10 Years
$125
15 Years
$150
20 Years
$175
25 Years
$200
30 Years
$250
35 Years
$300
40 Years
NON - EXEMPT
DEFERRED COMPENSATION
The Utoll After completion of probationary period, HUC offers a 457 deferred
compensation plan, which allows employees to place a portion of their earnings through
payroll deduction into a tax deferred investment program. Taxes on money set aside are
deferred until the time the money is withdrawn. The Utilities-HUC does not contribute to
this 457 deferred compensation plan. For enrollment information, see the Business
O+v+sienCustomer /Human Relations Manager.
PERSONAL USE OF UTILITY FACILITIES AND EQUIPMENT
No employee may use Utility-HUC facilities or equipment for personal use.
EMPLOYEE RECOGNITION COMPENSATION
In addition to any monetary remuneration that an employee may receive as part of their
employment with the H UtGhiP sen Utilities GernmissionHUC and other benefits listed in
this employee handbook, the employee and a guest shall be entitled to attend any
annual employee recognition banquet, as compensation, sponsored by the u11+/ en
Utilities HUC. Employees may also be recognized for their loyalty and years
of service to 1 UtGhins ^n I *'it* -- G-MMiooiGRHUC and may receive items in recognition
V11 V11111IVJ VV1l 11l TT�TJip1T
of their years of service at the annual employee recognition banquet not to exceed the
following amounts:
Amount
Years of Service
$50
5 Years
$100
10 Years
$125
15 Years
$150
20 Years
$175
25 Years
$200
30 Years
$250
35 Years
$300
40 Years
Unit 5 Mechanical /Electrical Bids
Company Name
Mechanical Bid
Electrical Bid
Bond
Egan Company
$1,445,950.00
$72,297.50
Corval Constructors, Inc.
$924,000.00
$46,200.00
MJ Electric, LLC
$431,300.00
$21,565.00
Quade Electric Inc.
$227,810.00
$11,390.50
ened By: Witnesses By: Date
Mechanical Bid: Recommend accepting Corval Bid
Electrical Bid: Recommend accepting Quade Electric Bid
w
cn
(D
o_
N
cn
m
„v =-gym
Xo mCY,z
Z " m
cn 0
m��
_ m
0 M
-4 D ;a Z (p
W -<
4
A �
N m
Cl)
z
n
cn
O
W �
x 0 C -4 C
rn n M n
w w = o =
ooZ2z
in & in Eii in
00V O D O
�.ZZz
Z r
Url m=�
CA) m
M U)
n
O
cn
O
Z
M
(D
.a
C
N
O
Z
O
O
O
CO
O
N
C
n
2
V,
z
^C
1
m
cn
0
O
cn
O
z
X
m
A
C
O
z
TO
N
ic
3
A
m0— >: m0E:mr
o
v a � 3 o0
3
_ c m O m
o
�D-9'3 3
CD
w o w
0O -0 Oo
O
�. (a ((DD
O
(n
- mo r6 m,
q < CD ,
0
0 c(D> o m Co N.
0) (o
_ D(n
v °'
v O
m a m
o
O U1 NZc �m
�n w o m -n
Z
o 0 cn
0-0 W M N A m
U) O.
U) o c cn o
X o = C) o D
co
7 w A O O N 'p
U 2(0 (D w N_ O :E w
O' O w N (D (n < 3 (n
w () O "d 0 w (D N
O
3
O 3 (n _s Q 7 O O OJ
CL
(D (' n.
O m o
m
n 3. D �- o
O o v o m
w
m
w
�3(o app m O
o <
3 - o O 7 (D
m � -0 (D 7
m m CO a
cn
CL
X
C
(D
N
v
1,
CD
0
a
O
o
n
o
rn
N
O
C
C
wp
it
W
W
C
O
O
�
O
p
(D
m
w
z
rn
r.
fD
CD
o
O
fu
O
cn
m
„v =-gym
Xo mCY,z
Z " m
cn 0
m��
_ m
0 M
-4 D ;a Z (p
W -<
4
A �
N m
Cl)
z
n
cn
O
W �
x 0 C -4 C
rn n M n
w w = o =
ooZ2z
in & in Eii in
00V O D O
�.ZZz
Z r
Url m=�
CA) m
M U)
n
O
cn
O
Z
M
(D
.a
C
N
O
Z
O
O
O
CO
O
N
C
n
2
V,
z
^C
1
m
cn
0
O
cn
O
z
X
m
A
C
O
z
TO
N
ic
LL
O
LL
Z
_O
N
w
w
Z
O
Cam_
CC
C
O
U)
w
P:
D
Z
O
U)
Z
2
U
H
D
2
• • l
N
Lo ° tr)
(.0
V V
N Op
Q
O
En
p�
z
o
m U
N '
O
N N (6
a
m a o
cn cn F
z
O
C)
G
O
U C
C/) LO
w M
HwtLA
J
Z
N .4
Z Z Z v v
O Q O o 0
m 0 N L? L?
z2ZNN
CU = M CO
F— C F-
D C
Ln
D O X
_ r _ a- LL
O
O_
.0
U)
W"
F•
E
w C14
U
U)
5.
M
N Z ~
WY
O
w =}
~ LLI
D
O
w
Ix z
w�-Z
z w °X
wr=aL`6L
L
Q
Q
V/
N_
O N
N p
N � N
N
O m co
N N
0 0
z O
N
0
O a--3
LL m C
w
U
m N
.3 L
m d
a
m
a
ro m
o a
o
D� Q
G
O
LL
Z
_O
W
D
W
Z
O
�'^
'
U)
C
O
N
W
H
J
I—
Z
O
U)
U
H
D
2
• • l
N
Lo O Lo
V V
cr)
q
N CO
O
O
cn
o
rn
Z
cD
o
m U
cn
:3
m
a
m n o
CO U
Z
O
N
O
U O
W Lf)
W M
H w Ln
J
' Z t0 r
� C/)
Z Z Z v v
O Q O OC) o
N0cn L?9
Z 2 Z N N
V = M M
02L)
F- LO H c
o x
2T2aii
0
E
w
F
� M
C/) Z ~
w Y
O
w =}
~ N
O
w N Z a i
W Z o
_ X
W r 2 0- LL
N
CL
n
U)
N
Q N
N p
N Ct N
N O
(JD 0)
O �p
CL
ai ai
m io
� D
Z O
N
O b
� L
m
w v
� r-
a� �
3 L
C) n..
T
C0
_ T
N m
C
O -O
O
CT Q-
�
Q