Village District of Eidelweiss

Public Hearing - Thursday 20th 2020 - 8 PM - Madison Public Library

Andrew Harteveldt

8:00 Meeting called to order, Commissioner Jay and Adam present.

8:00 Commissioner Adam makes a Motion to call Commissioner Kathy, Jay seconds.  Kathy joins the meeting remotely.

8:03 Commissioner Adam calls upon Paula Doyle to take the floor regarding the Petitioned Warrant Article.  

Paula Doyle provides background on the Partitioned Article including how the Warrant Article came about which pertains to the purchase of the truck.

Paula Doyle provides some insight into how the Warrant was partitioned and some confusion that occurred amongst the Board of Commissioners and herself with regards to the timings for requesting a warrant along with the need for a Public Hearing

8:11 Commissioner Kathy explained that the 3 articles are registered with the DRA and that the Michelle (DRA) confirmed that the articles are all worded correctly and the order that they will be presented is correct.

8:16 Andrew Harteveldt asks the question as to what point the amount of debt that the VDOE has would impact the ability to gain additional loans.  Dinah provides an insight into it being against the property.  

Commissioner Adam shares 1% total debt on non-water related items.  (e.g. trucks and roads).  If this article passes we would have about $300,000 in debt.  The 1% is approximately 1% of $92M.  Water related debt is 10%.  

8:21 Discussions then continue to discuss overall debt and the possibility of refinancing other debts.  Dinah asks the Commissioners if they intend to use the total $240k.  Adam corrects this to state it is $204k.  Adam asks Dinah if she would be willing to investigate the possible refinancing of that loan.  

8:23  Kathy is asked if the electrical upgrades are covered out of the existing bond.  Kathy confirms that the work still to be done on the Summit is included in that total loan amount.

8:25  Andrew Harteveldt shares his concern in terms of support the notion of a Loan on the truck but is concerned that we will be adding debt on top of debt over the coming years as unforeseen circumstances give us no choice.

8:28  Dinah asks if the board is planning on applying for a $20k asset management grant.

8:28 Jay proposes a motion to Close the Public Hearing, Adam seconds it and all 3 commissioners vote Yes.