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BAYTOWN AREA WATER AUTHORITY NOTICE OF MEETING BAYTOWN AREA WATER AUTHORITY REGULAR MEETING WEDNESDAY, AUGUST 18, 2021 4:30 P.M. COUNCIL CHAMBER, CITY HALL 2401 MARKET STREET, BAYTOWN, TEXAS 77520 Due to the COVID 19 Disaster and the CDC's recommendation regarding social distancing measures, the public may not be allowed to be physically present at this meeting, as there is a limited amount of space when maintaining the required 6-feet separation from others. For those members of the public that cannot or do not wish to be physically present at the meeting, they will be able to participate through two-way communications. For video conferencing, use the following website www.zoom.com, click on "join a meeting" on the top right-hand corner, and input the following Meeting ID: 872 5034 9902. For telephone conferencing please use the following toll-free number: 1-888-788-0099, Meeting ID: 872 5034 9902. Any person, who is participating through video/teleconferencing and is interested in speaking on any item on the agenda, must submit his/her request via email to the Board Assistant Secretary at cityclerk@baytown.org. The request must include the speaker's name, address, and phone number that will be used if teleconferencing as well as the agenda item number. The request must be received prior to the posted time of the meeting. The agenda packet is accessible to the public in both HTML and PDF formats at the following link: https://www.baytown.org/city-hall/183/Public-Meetings/Agenda-Packets. After the meeting, a video recording of this meeting will be made available to the public at https://www.baytown.org/183/Public-Meetings/Agenda-Packets. For more information or questions concerning the teleconference, please contact the Office of the City Clerk at 281-420-6504. AGENDA CALL TO ORDER AND ANNOUNCEMENT OF QUORUM

1. MINUTES

a. Consider approving the minutes of the Baytown Area Water Authority Regular Meeting held on July 21, 2021.

2. PROPOSED RESOLUTIONS

a. Consider a resolution selecting J.P. Morgan Chase Bank as the depository for the Baytown Area Water Authority and authorizing the City of Baytown to negotiate and enter into a Depository Services Agreement with J.P. Morgan Chase Bank on behalf of the Baytown Area Water Authority.

Aug 18, 2021 BAYTOWN AREA WATER AUTHORITY MEETING

BAYTOWN AREA WATER AUTHORITY NOTICE OF MEETING BAYTOWN AREA WATER AUTHORITY REGULAR MEETING WEDNESDAY, AUGUST 18, 2021 4:30 P.M. COUNCIL CHAMBER, CITY HALL 2401 MARKET STREET, BAYTOWN, TEXAS 77520 Due to the COVID 19 Disaster and the CDC's recommendation regarding social distancing measures, the public may not be allowed to be physically present at this meeting, as there is a limited amount of space when maintaining the required 6-feet separation from others. For those members of the public that cannot or do not wish to be physically present at the meeting, they will be able to participate through two-way communications. For video conferencing, use the following website www.zoom.com, click on "join a meeting" on the top right-hand corner, and input the following Meeting ID: 872 5034 9902. For telephone conferencing please use the following toll-free number: 1-888-788-0099, Meeting ID: 872 5034 9902. Any person, who is participating through video/teleconferencing and is interested in speaking on any item on the agenda, must submit his/her request via email to the Board Assistant Secretary at cityclerk@baytown.org. The request must include the speaker's name, address, and phone number that will be used if teleconferencing as well as the agenda item number. The request must be received prior to the posted time of the meeting. The agenda packet is accessible to the public in both HTML and PDF formats at the following link: https://www.baytown.org/city-hall/183/Public-Meetings/Agenda-Packets. After the meeting, a video recording of this meeting will be made available to the public at https://www.baytown.org/183/Public-Meetings/Agenda-Packets. For more information or questions concerning the teleconference, please contact the Office of the City Clerk at 281-420-6504. AGENDA CALL TO ORDER AND ANNOUNCEMENT OF QUORUM

1. MINUTES

a. Consider approving the minutes of the Baytown Area Water Authority Regular Meeting held on July 21, 2021.

2. PROPOSED RESOLUTIONS

a. Consider a resolution selecting J.P. Morgan Chase Bank as the depository for the Baytown Area Water Authority and authorizing the City of Baytown to negotiate and enter into a Depository Services Agreement with J.P. Morgan Chase Bank on behalf of the Baytown Area Water Authority.

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* This transcript was created by voice-to-text technology. The transcript has not been edited for errors or omissions, it is for reference only and is not the official minutes of the meeting.

[00:00:19]

I HAD LIKE TO WELCOME YOU TO THIS MEETING OF THE BAYTOWN AREA WATER AUTHORITY.

UM, CALL THE MEETING TO ORDER AND ANNOUNCE THAT WE DO HAVE A QUORUM.

FIRST ITEM OF

[a. Consider approving the minutes of the Baytown Area Water Authority Regular Meeting held on July 21, 2021. ]

BUSINESS TODAY IS TO CONSIDER APPROVING THE MINUTES OF THE AUTHOR'S REGULAR MEETING HELD ON JULY 21ST, 2021.

SO DO I HAVE A MOTION? SO MOVE SECOND MOTION, AND SECOND QUESTIONS OR DISCUSSION? HEARING NONE.

ALL THOSE IN FAVOR SAY AYE.

AYE.

OPPOSED? LIKE, SIGN THE MOTION CARRIED UNANIMOUSLY.

UM,

[a. Consider a resolution selecting J.P. Morgan Chase Bank as the depository for the Baytown Area Water Authority and authorizing the City of Baytown to negotiate and enter into a Depository Services Agreement with J.P. Morgan Chase Bank on behalf of the Baytown Area Water Authority.]

WE WILL NOW CONSIDER A RESOLUTION SELECTING JP MORGAN CHASE BANK AS THE DEPOSITORY FOR THE BAYTOWN AREA WATER AUTHORITY AND AUTHORIZING THE CITY OF BAYTOWN TO NEGOTIATE AND ENTER INTO A DEPOSITORY SERVICES AGREEMENT WITH JP MORGAN CHASE BANK ON BEHALF OF THE BAYTOWN AREA WATER AUTHORITY.

THAT'S YOURS, FRANK.

UH, WELL, ARE WE GONNA HAVE SOMEONE TALK ABOUT IT OR IS THAT IT? NOPE, I'M GONNA, VICTOR IS GOING TO TALK TO US.

YES.

THANK YOU, MADAM PRESIDENT.

THE BANK DEPOSITORY CONTRACT FOR THE CITY, WHICH, UH, IT HOLDS ON BEHALF OF ITS COMPONENT UNITS AS WELL, UH, IS DUE TO TERMINATE.

AND WE COMMENCED A PROCESS CALLED A REQUEST FOR APPLICATIONS RATHER THAN THE USUAL RFP PROCESS.

BUT WE STARTED THAT BACK IN MAY OF THIS YEAR AND, UH, SENT INVITATIONS OUT TO A RANGE OF FINANCIAL INSTITUTIONS.

UH, WE RECEIVED ONLY ONE RESPONSE, THAT BEING JP MORGAN CHASE, WHICH IS OUR CURRENT BANK.

UM, I HAVE MET WITH THEM SUBSEQUENT TO THAT, UH, WITH A NUMBER OF MY STAFF AND TALKED WITH THEM IN DETAIL ABOUT OUR EXPECTATIONS GOING FORWARD.

UH, AND WE ARE AT THIS STAGE, MADAM PRESIDENT, HAPPY TO PROCEED, UH, WITH THAT SUBJECT TO YOUR APPROVAL AND ALSO THAT OF THE CITY COUNCIL, WHICH HAS YET TO CONSIDER THIS ON ITS AGENDA.

ALRIGHT, THANK YOU.

UM, DO I HAVE A MOTION? I'LL MAKE THE MOTION.

I'LL SECOND MOTION IN A SECOND.

ARE THERE QUESTIONS, UH, OR OF VICTOR OR DISCUSSION? I, I, I HAVE SOME QUESTIONS FOR VICTOR.

VICTOR.

SO NOBODY ELSE PUT IN A BID, IS THAT WHAT YOU'RE SAYING? THAT'S CORRECT.

NOW ARE, ARE WE GAINING OR LOSING BASED ON ONLY ONE BIDDER, ESSENTIALLY? UH, I MEAN, ARE OUR FEES GONNA GO UP OR, OR, SO I DON'T ANTICIPATE THERE BEEN ANY, UM, IN TERMS OF THE FINANCIALS, UH, IT WILL BE NEUTRAL.

UM, I WAS DISAPPOINTED, I HAVE TO ADMIT MYSELF.

BUT, UM, THAT IS WHAT HAPPENED AND THAT'S WHY RATHER THAN JUST GOING AHEAD AND PROPOSING THAT WE AWARDED, UH, I DID SIT DOWN WITH JP MORGAN CHASE AND TALK TO THEM ABOUT OUR EXPECTATIONS GOING FORWARD AND PRESSED UPON THEM THE NEED TO BE RESPONSIVE AND TO HAVE A CUSTOMER FOCUS WHEN IT COMES TO, TO WORKING WITH US.

AND I HAVE ASSURANCES AND ON REFLECTION AND HAVING TAKEN ADVICE FROM OTHERS, UH, WE FEEL THAT IT IS RIGHT TO GO AHEAD AND ENTER INTO A CONTRACT WITH THEM.

OKAY.

AND, AND FRANK, I CAN ADD A LITTLE BIT.

UH, OFTENTIMES BANKS ARE JUST NOT REAL, REAL INTERESTED IN THOSE KINDS OF BIDS.

AND, UH, DON'T SUBMIT AND THAT INCLUDES MINE.

ALRIGHT, IF THERE ARE NO FURTHER QUESTIONS, UH, I WOULD CALL FOR THE VOTE.

ALL THOSE IN FAVOR SAY AYE.

AYE.

UH, POSE, LIKE SIGN THE MOTION CARRIED UNANIMOUSLY.

UM, AND THE FINAL ITEM ON OUR AGENDA IS THE MANAGER'S REPORT.

I DON'T HAVE ANYTHING TO ADD TODAY.

ALRIGHT.

APPRECIATE Y'ALL BEING HERE.

THANK YOU VERY MUCH.

WELL, AS THERE IS NO FURTHER BUSINESS TO COME AFFORD THIS BOARD, I WOULD ENTERTAIN A MOTION TO ADJOURN.

ALL THOSE IN FAVOR? AYE.

AYE.

THANK YOU.

THANK YOU ALL FOR COMING.

* This transcript was created by voice-to-text technology. The transcript has not been edited for errors or omissions, it is for reference only and is not the official minutes of the meeting.

1. MINUTES

a. Consider approving the minutes of the Baytown Area Water Authority Regular Meeting held on July 21, 2021.

2. PROPOSED RESOLUTIONS

a. Consider a resolution selecting J.P. Morgan Chase Bank as the depository for the Baytown Area Water Authority and authorizing the City of Baytown to negotiate and enter into a Depository Services Agreement with J.P. Morgan Chase Bank on behalf of the Baytown Area Water Authority.

Aug 18, 2021 BAYTOWN AREA WATER AUTHORITY MEETING

1. MINUTES

a. Consider approving the minutes of the Baytown Area Water Authority Regular Meeting held on July 21, 2021.

2. PROPOSED RESOLUTIONS

a. Consider a resolution selecting J.P. Morgan Chase Bank as the depository for the Baytown Area Water Authority and authorizing the City of Baytown to negotiate and enter into a Depository Services Agreement with J.P. Morgan Chase Bank on behalf of the Baytown Area Water Authority.

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