PUBLIC WATER DISTRICT #13
ATTORNEY’S REPORT
JUNE 20, 2006

Board members: since I don't have much to report tonight and since someday the District will have to pay the piper (on your professionals' statements), I'm submitting my report via this Memo.

Authority to Provide Sewer Service: On June 20, 2006, the Circuit Judge of Jefferson County granted our request for authority to provide sewer service. We are now in a position to authorize a bond issue election, to raise money for the sewer project.

Bond Issue Election: A significant issue has arisen with respect to bond issue election date(s). We had earlier received an opinion letter from our Bond Counsel, that we could vote on the bonds in the August or the November elections. The problem I recently raised was a specific Statute under our Water District Chapter, specifically limiting our elections to the April Municipal Election date. But since there are often Statutes which contradict other Statutes, and override them, I am raising this issue with our Bond Counsel, to get his firm opinion. Bond Counsel is out of the office until July 5, 2006.

As an aside, a bond attorney is from a law firm which is recognized by the financial industry as having the authority to give legal opinions about bonds, their taxability and their legal correctness. Financial obligation rating services then use the bond opinion in determining their rating, of the bond. This is why bonds are classified as AA, AAA, etc., based upon their soundness.

I will advise the Board as to the bond issue election date after July 5, when Bond Counsel is back in his office.

Respectfully Submitted,
Ray Dickhaner
Attorney for District #13

cc: Bill Brunjes, via e‑mail
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