A REGULAR MEETING OF THE PUBLIC UTILITIES COMMISSION OF THE CITY OF VIRGINIA, MINNESOTA, WAS HELD AT THE OFFICE OF THE DEPARTM

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, NOVEMBER 14, 2005, AT 4:30 P.M.

Commissioner Sipola called the meeting to order at 4:35 p.m.

Present: Commissioners Bloomquist, Park, and Sipola.

Absent: Raukar.

Also Present: Terry Leoni, General Manager; Sue Lalli, Public Relations Supervisor; Bill Hafdahl, Director – Finance & Administration; Steve Peterson, City Councilor.

Moved by Park and supported by Bloomquist that financial Resolution No. 5067 authorizing the payroll dated October 27, 2005 in the amount of $87,552.34, checks #43840 through #43863 and direct deposits #8505 through #8555 and the payroll dated November 10, 2005 in the amount of $87,723.23, checks #43864 through #43886, and direct deposits #8556 through #8606 and bills dated October 24, 2005 through November 10, 2005 in the amount of $1,325,487.98, checks #72553 through #72700, and wire and electronic transfers in the amount of $103,724,47 and the minutes of the regular meeting held on October 24, 2005 be approved as presented.

Aye: Commissioners Park, Bloomquist, and Sipola.

Nay: None. Motion carried.

The Injury Report for the month of October 2005 was reviewed.

The General Manager gave an update on LEA activities over the past two weeks. The first concrete footings in the Virginia Power Plant went in today. Commissioner Sipola noted that the Virginia Cable Commission might be asked to tape the progress of the construction phase of the Biomass Project. Mr. Leoni will contact the Cable Access Channel to discuss this possibility.

A draft of a Department Policy and Procedure covering Long-term Investments was presented for the Commissioners’ review. The Director of Finance asked that Commissioners convey comments to him with regard to this Policy. Once the final Policy has been prepared it will be brought back to the Commission for approval.

The Director of Finance is currently meeting with members of Management and the Utilities’ 2006 budget is expected to be ready for the Commission to review within the next two weeks. Commissioners will be notified when the budget is ready for the Commission’s Finance Committee to review.

The General Manager reported he had attended the last City Buildings’ and Grounds’ Committee meeting and the Department’s Facility Plan was reviewed with the City. Due to the house fire at 619 Third Street South there may be a delay in demolition of that building.

Current natural gas costs were discussed.

There being no further business to come before the Commission, Commission President Sipola declared the meeting adjourned at 5:05 p.m.

ATTEST: APPROVED:

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Jackie Park, Vice President Dr. Don Sipola, President