HomeMy WebLinkAbout2022.10.24 BPMC.ExecutedMinutes___________________________________________________________________________
BPMC Minutes 10/24/2022 Page 1 of 2
BRADLEY LAKE PROJECT MANAGEMENT COMMITTEE (BPMC)
SPECIAL MEETING AGENDA
October 24, 2022
1.CALL TO ORDER
Chair Janorschke called the meeting of the Bradley Lake Hydroelectric Project Management
Committee to order at 2:30 pm. A quorum was established.
2.ROLL CALL (for Committee members)
Curtis Thayer (Alaska Energy Authority [AEA]); Arthur Miller (Chugach Electric Association
[CEA]); Rob Montgomery (City of Seward); John Burns (Golden Valley Electric Association
[GVEA]); Tony Izzo (Matanuska Electric Association [MEA]); and Brad Janorschke (Homer
Electric Association [HEA]).
3.PUBLIC ROLL CALL (for all others present)
Jennifer Bertolini, Bryan Carey, Dona Keppers, Mark Ziesmer (AEA); Joel Paisner (Ascent Law
Partners); Andrew Laughlin, Sherri Highers (CEA); Russell Thornton (CEA); Andrew Laughlin
(CEA); Dan Bishop (GVEA), Pete Sarauer (GVEA), Sarah Villalon (CEA); Larry Jorgensen
(HEA); Andrew Patrick (HEA) Sarah Lambe (HEA); David Pease (MEA); Matt Reisterer (MEA);
Tony Zellers (MEA); Fred Eoff (PFM).
4.AG ENDA APPROVAL
MOTION: A motion was made by Mr. Miller to approve the agenda. Motion seconded by
Mr. Burns
The motion to approve the agenda passed without objection unanimously.
5.PUBLIC COMMENTS - None.
6.APPROVAL OF MEETING MINUTES – October 11, 2022
MOTION: A motion was made by Mr. Thayer to approve the Minutes of October 11, 2022.
Motion seconded by Mr. Izzo.
The motion to approve the Minutes of October 11, 2022 passed unanimously.
MOTION: A motion was made by Mr. Miller to enter into Executive Session to discuss
confidential financial matters regarding Required Project Work and financing, the
immediate knowledge of which may have an adverse effect on the Authority or the
Project. Motion seconded by Mr. Thayer.
The motion to enter into Executive Session passed unanimously.
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BPMC Minutes 10/24/2022 Page 2 of 2
7.EXECUTIVE SESSION: 2:36 p.m.
(Bylaws Section 5.11.4) – To discuss confidential financial matters regarding Required
Project Work and financing, the immediate knowledge of which may have an adverse
effect on the Authority or Project.
The Committee reconvened its regular meeting at 3:22 p.m. Chair Janorschke advised that no
action was taken during Executive Session.
8.OLD BUSINESS
A.Required Project Work
i.Bond Financing
MOTION: A motion was made by Mr. Izzo to move forward with financing of the Required
Project work with a maximum load capacity draw down immediately following the
October 26, 2022 AEA Board meeting, subject to AEA Board approval of the Power
Revenue Bond Resolution. Motion seconded by Mr. Thayer.
The motion to proceed with financing of the Required Project work with a maximum load
capacity draw down passed unanimously.
9.MEMBERS COMMENTS
Mr. Thayer thanked Fred Eofff for working over the weekend to provide the financing options for
the Committee.
BPMC Members agreed.
10.NEXT MEETING DATE – December 9, 2022
Chair Janorschke noted the next meeting is December 9, 2022.
11.ADJOURNMENT
There being no further business for the committee, the meeting adjourned at 3:30 p.m.
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Brad Janorschke, Chair
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Curtis Thayer, Secretary