A REGULAR MEETING OF THE PUBLIC UTILITIES COMMISSION OF THE CITY OF VIRGINIA, MINNESOTA, WAS HELD AT THE OFFICE OF THE DEPARTMENT OF PUBLIC UTILITIES ON MONDAY, OCTOBER 22, 2007, AT 4:30 P.M.

Commission Vice President Jackie Park called the meeting to order at 4:31 p.m.

Present:            Commissioners Bloomquist, Park, Petroskey, Raukar.

Absent:                        Commissioner Sipola.

Also Present:    Bill Hafdahl–Director-Finance & Administration; Sue Lalli-Public Relations / Customer Service Supervisor; Councilors – Dennis Lindberg and Rob Raplinger. 

Director of Finance and Administration, Bill Hafdahl, noted the October 11, 2007 letter from the Utility General Manager to the League of Minnesota Cities Insurance on the Department’s insurance coverage included in the Commission packet for their information and indicated a letter did arrive today in response from the League.   

Moved by Raukar and supported by Petroskey that financial Resolution #5115 authorizing the payroll dated October 11, 2007 in the amount of $98,513.94, checks #45148 through #45169, and direct deposits #11187 through #11239; and bills dated October 9, 2007 through October 22, 2007 in the amount of $1,347,848.13, checks #77226 through #77325, and wire and electronic transfers in the amount of $156,571.49 and the minutes of the regular meeting held on October 9, 2007 be approved as presented.  Motion carried.

Mr. Hafdahl reviewed the prepurchase of natural gas under a prepayment contract with the Minnesota Municipal Gas Agency currently being considered.  Under this contract, the Department would receive a discount of approximately 50 to 60 cents on each unit of gas prepurchased.  A customer using 1,000 units of natural gas a year would save approximately $18 a year.  The Department would be working through the Minnesota Municipal Gas Agency when nominating natural gas under this contract.  Mr. Hafdahl expects to have a proposed contract for approval on this Prepayment of Natural Gas at the next regular Commission meeting on November 13, 2007.    

The September 30, 2007 financial reports presented were reviewed.

There being no further business to come before the Commission, Commission Vice President Park declared the meeting adjourned at 4:52 p.m.

ATTEST:                                                                      APPROVED:

_______________________                                      ___________________________

Matt Raukar, Secretary                                                 Jackie Park, Vice President