The Combined Lake Delhi Recreational Facility and Water Quality District
Wednesday, February 16, 2022
5:30 pm
Lake Delhi Dam Office
Zoom Meeting
Delhi, IA 52223
The regular meeting of the Combined Lake Delhi Recreational Facility and Water Quality District was called to order at 5:30 pm by Vice-President Althoff.
Present: Jasper, Thompson and Althoff were present. Scherrman, Leonard and Burger were present via Zoom.
Absent: Staebell
Visitors: Ed Schmidt. Laurie Kramer, Maggie Burger & Randy Rattenborg via Zoom
Althoff asked for a motion to approve the meeting agenda. A motion was made by Jasper, second by Thompson to approve the agenda. All ayes. Motion carried.
Althoff asked for a motion to approve the minutes from the previous meeting. Scherrman made the motion to approve, seconded by Burger. All ayes. Motion carried.
Claims were presented for payment in the amount of $31,090.42 from the General Fund for electricity, internet services, dam operations, clerical/accounting expense, lobbyist expense, diesel generator inspection, HVAC repair, 2021 dam inspection, snow removal, engineering services, LP fuel and miscellaneous supplies. Motion by Leonard and seconded by Jasper to approve payments. All ayes. Motion carried.
January financial reports were presented. The General Fund had revenues of $4,510.89 from Delaware County. Expenditures for January were $8,841.46 ending January at $2,115,063.97. The Debt Service Fund had revenues of $4,253.33 from Delaware County and no expenditures ending January at $192,736.36. The Dam Improvement Fund had no revenues and no expenditures ending January with a $50,000.00 balance. A motion was made by Leonard to receive and file the January financial report. Thompson seconded the motion. All ayes. Motion carried.
Maggie Burger was present to provide the Trustees with information regarding the District’s debt capacity along with surplus debt information. As of July 1, 2022, for fiscal year 2023, the District has a total debt capacity of $10,677,055 based on 5% of the District’s 100% valuation of $213,550,108. The total debt outstanding of the District is $3,354,000 which leaves a remaining debt capacity of $7,323,505. The taxable valuation of the District is $116,172,820. There was also discussion on how freezing the debt service levy works and how it will benefit reducing the bond debt and reduce the remaining payments.
The Trustees reviewed the proposed 2022/23 budget. It was noted that the public hearing is scheduled for March, 10, 2022.
A motion was made by Burger, seconded by Scherrman, to approve a resolution to approved a supplemental debt service levy in FY 2022/2023 for the payment of principal and interest on GO Refunding Bonds, series 2017.
Roll Call: Burger – Aye; Scherrman – Aye; Leonard – Aye; Thompson – Aye; Jasper – Aye; Althoff – Aye. Staebell – Absent
Leonard made a motion to approve a letter to be sent to the IDNR approving an agreement with the Delaware County Conservation and the IDNR regarding water trail signage and to give Burger permission to sign said letter. Jasper seconded the motion. All ayes. Motion carried.
Committee Updates:
Water Quality – Leonard gave an update on the working being done for the dredge site.
Community Events – Leonard noted that the fireworks for this coming year will be going up. The amount is not yet known.
Dam Operations & Maintenance – Rattenborg reported that there were heating and electrical issues at the dam. Price Electric was called in and they replaced switches and noted a lot of corrosion. The same thing was found with the heater. The problem stems from humidity control. Rattenborg is working with Andrew Judd to see if they can find a solution to the moisture problem. Rattenborg also noted that there is moisture coming in from the ceiling in the control room. Burger stated he has talked with Pat Colgan and the dam committee will be putting together a plan to deal with the issues and he noted that in the proposed budget money has been set aside for this project.
Property Management – Scherrman reported on his observations of Lost Beach which he will send to the Board
Finance/Budget – Burger noted the date and location of the public hearing. It will be at the Delhi Fire Station on Thursday, March 10, 2022 at 5:30 p.m.
Legislative – He noted the legislative session is ongoing and water quality is a hot topic with a lot of federal funds available.
Dredge – Nothing else to report
Wall of Recognition – Nothing else to report
Public Comment: None
A motion to adjourn was made by Burger, second by Leonard. Motion carried. Meeting adjourned at 6:12 p.m.