Metro Flood Diversion Authority Finance Committee Meeting

Minutes from September 21, 2022

Metro Flood Diversion Authority Finance Committee Meeting Minutes

A regular meeting of the Metro Flood Diversion Authority Finance Committee was held on September 21, 2022. The following members were present: Bernie Dardis, Mayor, City of West Fargo; Dr. Tim Mahoney, Mayor, City of Fargo; Chad Peterson, Cass County Commissioner; Dan Jacobson, Chairman, Cass County Joint Water Resource District; Terri Gayhart, City of Fargo Finance Director; Lori Johnson, Clay County Auditor/Treasurer; Mike Redlinger, City of Fargo Interim City Administrator; Rick Steen, Cass County Commissioner; Dave Piepkorn, Fargo City Commissioner and Shelly Carlson, Mayor, City of Moorhead.

Members absent:  Mike Rietz, City of Moorhead Assistant City Manager and Brandy Madrigga, Cass County Finance Director.

1. CALL TO ORDER

Mayor Dardis called the meeting to order at 3:00 PM. Roll call was taken, and a quorum was present.

2. APPROVE MINUTES FROM THE AUGUST 2022 MEETING

MOTION PASSED

Dr. Mahoney moved to approve the minutes from the August 2022, meeting and Mr. Piepkorn seconded the motion. On a voice vote, the motion carried.

3. APPROVE ORDER OF AGENDA

MOTION PASSED

Dr. Mahoney moved to approve the order of the agenda and Mr. Peterson seconded the motion. On a voice vote, the motion carried.

4. APPROVAL OF BILLS

Ms. Gayhart reported that the bills payable through September 14, 2022, total $8,895,506.14 and are payable to the usual vendors, with Cass County Joint Water Resource District being the largest.

MOTION PASSED

Dr. Mahoney moved to approve the bills as presented and Mr. Peterson seconded the motion. On a roll call vote, the motion carried.

5. FINANCIAL REPORT

Ms. Gayhart reported that our total assets are $139,846,502, liabilities total $2,413,464 and the current net position is $137,433,038.

MOTION PASSED

Dr. Mahoney moved to approve the financial report and Mr. Peterson seconded the motion. On a voice vote, the motion carried.

6. EXECUTIVE DIRECTOR FINANCIAL REPORT

Mr. Paulsen reported that current revenues for the month are $8.7 million and the majority of expenses continue to be in property mitigation. The administrative budget continues to track under budget.

7. CONTRACTING ACTIONS

a. DA Board Approval Contracting Action

Mr. Paulsen provided an overview of the following contracting action:

  • Task Order 04, Amendment 0 – utility relocation – power line modifications to overhead 230,000 kV transmission line for future construction of SE-2B. Minnkota Power Cooperative, Inc., $465,000.

MOTION PASSED

Dr. Mahoney moved approve the contracting action as presented and Mr. Peterson seconded the motion. On a roll call vote, the motion carried.

8. OTHER BUSINESS

a. DA Board Approval MURA and Agreement Actions

Mr. Shockley provided an overview and summary outlining the purpose and necessity for the following MURA:

i. MLGC & MFDA MURA

MOTION PASSED

Dr. Mahoney moved to approve the MURA as presented by Mr. Shockley and Mr. Peterson seconded the motion. On a roll call vote, the motion carried.

b. Draft Cash Budget

Mr. Paulsen provided an overview of the “draft” 2023 cash budget. It will be presented at the November meeting for final approval.

c. WP50G Recommendation to Accept Bid and Award

Mr. Bakkegard recommended Schmidt & Sons Construction be awarded the bid for WP50G, structure mitigation, based on their submission of $794,312.00.

MOTION PASSED

Dr. Mahoney moved to approve awarding the bid to Schmidt & Sons Construction and Mr. Peterson seconded the motion. On a roll call vote, the motion carried.

9. NEXT MEETING

The next meeting will be October 26, 2022.

10. ADJOURNMENT

The meeting adjourned at 3:44 PM.