Staff Reports - East Bay Municipal Utility District

Regular Meeting Minutes of
January 8, 2013
Page 6 of 8
and financial advisor. At the end of the interest rate period the District will have to
remarket the existing bonds for up to an additional one year period, remarket the bonds
with liquidity support, or refund the bonds with a new bond issue.
The bond resolution approves the form of the remarketing agreement, continuing disclosure
agreement and preliminary reoffering circular and delegates authority to the General
Manager, Finance Director or the Treasury Manager to execute the remarketing agreements
and any other agreements and actions necessary to complete this transaction.
• Motion by Director Coleman, seconded by Director Patterson, to approve the recommended
action for Item 8, carried (7-0) by voice vote.
Resolution No. 33910-13 - Approve The Form And Authorize The Execution Of A
Remarketing Agreement In Connection With The District's Water System Revenue
Refunding Bonds, Series 2009A-2; Authorize The Delivery Of A Preliminary Reoffering
Circular And The Execution And Delivery Of A Final Reoffering Circular; Authorize And
Ratify Certain Related Actions; And Authorize The Officers Of The District To Do All Other
Things Deemed Necessary Or Advisable Relating Thereto.
9. Gen eral Man ager' s Rep o rt.
Operations and Maintenance Department Manager Eileen M. White presented the water
supply briefing. She provided status updates on the 2012 statewide water supply, water
supply forecast, precipitation and snow reports, and reservoir storage. She noted that there
was good rainfall for the months of November and December 2012, the District is at 109% of
average, and that reservoir storage was averaging a total system capacity of 79%. Ms White
said that water supply runoff was forecasted to be around 580,000 acre feet which would
leave EBMUD's water supply in good condition.
General Manager Coate reported that the December 2012 Monthly Report had been
provided in the agenda packet. Next, he announced the retirement of Director of
Wastewater David R. Williams after nearly twenty years of service with the District. He
noted that Mr. Williams will undertake a new challenge as Executive Director of the Bay
Area Clean Water Agencies. His last day with the District will be January 31, 2013 and his
effective retirement date will be in March. A retirement event will be held following the
January 22 Board meeting. General Manager Coate said that the District very much
appreciated the excellent work Mr. Williams has done during his many years with the
District, and he will be greatly missed. Effective February 1, Manager of Wastewater
Treatment Kurt Haunschild will serve as Interim Director of the Wastewater Department.
In concluding, Mr. Coate noted that staff provided a summary of 2012 committee agendas
along with proposed topics to bring before the committees in 2013. He asked the Board
for their feedback on this report.