NORTH COAST RAILROAD AUTHORITY (NCRA)

BOARD OF DIRECTORS REGULAR MEETING

 

 Wednesday, Aug 18, 2004   10:00 AM

Fortuna City Council Chambers

 

ACTION SUMMARY

 

Directors present: Ellinger, Hemphill, Ripple, Ollivier, Simonson, Chair Woolley

 

C.     AGENDA APPROVAL

 

ACTION: Upon motion of Director Hemphill, 2nd by Director Ripple, and carried (6-0) the board approved the agenda with the following addition; Item H.3 Arcata Fire Assessment

 

D.     CONSENT CALENDAR

1.                Approval of Minutes – 7/21/2004 Regular Board Meeting

2.                 Approval of Finance Committee Meeting Minutes – July 23, 2004

3.                Approval of Year End Financial Reports

 

ACTION: Upon motion by Director Ollivier, 2nd by Director Simonson, and carried (6-0) the Consent Calendar was approved as presented.

 

      G.            CONDUCT OF BUSINESS     

 

            1.             Adoption of FY 04-05 Agency Budget

           

ACTION: Upon motion by Director Ripple, 2nd by Director Hemphill, and carried (6-0), the board adopted the draft budget presented by the Finance Committee

               

2.                Approval of Prop 116 Repayment Plan

 

                ACTION:  Upon motion by Director Ripple, 2nd by Director Ellinger, and carried (6-0), the

Board adopted the repayment proposal to the CTC as presented with the following changes; annual payments will be made in the fourth qtr of each fiscal year, beginning in FY 04-05, until

sufficient cash-flow is available to make first quarter payments in each fiscal year. 

 

       H.              MATTERS FROM THE BOARD

 

3.                 Fire Assessment Increase – City of Arcata Fire District

 

ACTION: Upon motion by Director Hemphill, 2nd by Director Ollivier and carried (6-0), the

Board approved voting “yes” to the fire assessment increase by the City of Arcata Fire District