Minutes of the Mecting of the Collegevlle-Trappe Municipal Authority Trappe Borough Hall Trappe, Pennsylvania November2 20, 2024 Vice Chairwoman McKinney called the Collegeville-Trappe Municipal Authority meeting to order on the above date at 7:01 PM. Members present were Mr. Strauss, Mrs. Beckius, Mr. Borrelli, Mrs. McKinney and Mr. Farr. Ms. Perlin were absent. Also present were attorneys Thomas Dyer of Hladik, Onorato & Federman, LLP, and Kailie Melchior of Kilkenny Law, LLC, the engineer, Matt Boggs, of Entech Engineering and the Director, Joseph Hastings. The members stood for the Pledge of Allegiance to the Flag. Vice Chairwoman McKinney welcomed the newest board: member, Mr. Darryl Borrelli, MINUTES: Mr. Farr made a motion to approve the October 22, 2024, minutes as presented. Mrs. Beckius seconded and the motion passed unanimously. PUBLIC: INPUT: There was no public input. ENGINEER'S RCPORT: Mr. Boggs presented the Engineer's Report to the committee and is attached herewith, There was no update for the Castle Cove project. The engineer recommended payment of the Payment Application #5 for the 2022 I & II Phase 4 Sewer Improvements project. Mr. Strauss motioned to approve the application received from Passerini & Sons, Inc., in the amount of $84,340,80. Mrs. Beckius seconded and the motion passed unanimously. Mr. Boggs reported construction of the sanitary sewer has begun the Fugo project. There was no update for the Bronson Circle Development, Development project and all submittals have been reviewed and processed. The engineer reported a preconstruction meeting was held in late October, for the 56-62 Seventh Ave TREASURERS REPORT: Mr. Strauss presented the Victory Bank's check register which is attached herewith, The beginning balance on the check register as of October 22, 2024, was $46,986.95, deposits were $277,825.97 and disbursements were $236,411.02, leaving an ending balance of $88,401.90 on November 19, 2024. Mr. Strauss made a motion to approve check number 1651 through 1633, along with all EFTs and general journal entries Mr. Strauss motioned to reinvest the PLGIT investment maturing on December 2mt, in a 12 month Mr. Strauss reviewed the draft budget. After discussion, Mrs. Beckius seconded the motion and the listed. Mr. Farr seconded the motion and the motion passed unanimously. PLGITTerm. Mr. Farr seconded and the motion passed unanimously. motion passed unanimously. Mr. Strauss reviewed the other financial reports which are also attached herewith. Page I of2 Collegeville Trappe Municipal Authority- -1 Meeting Minutes November 20, 2024 DIRECTOR'S REPORT: SOLICITORS REPORT: LPVRSA REPORT: The Director presented the Director's Report and is attached herewith. There were no solicitors' reports, Mr. Strauss reported that LPVRSA's has completed a 5 year Capital Improvement Plan. The generator Mr. Farr made a motion to approve the Business Reports, which was seconded by Mr. Strauss and the project is complete. The next major project will be the Clarifier System which will be $3.8 million. motion passed unanimously, OLD BUSINESS: NEW BUSINESS: There was no old business. The Director reported that authorization is needed to execute the Financial Security Agreements for both the Fugo project and the 56-62 7th Ave Development. Mrs. Beckius motioned to authorize the execution of those documents for both projects. Mr. Farr seconded the motion and the motion passed unanimously, PUBLICINPUT: There was no public input. The meeting was adjourned at 7:321 PM, Valarie Beckius, Secretary Page2of2