Regular Meeting Agenda.

Board of Directors July 23, 2014.

Chairman A. An Executive Session under Section 708(a)(5) of the Sunshine Law was held July 16 ,2014 at 12:00 noon to discuss items related to negotiation of regulatory compliance agreements and today at 4:00 to discuss a potential sale of property .

GENERAL/ADMINISTRATIVE : A. Negotiation of Lease Agreement - New Office Space:

Motion

: The Board authorizes the CEO to negotiate and execute a lease agreement for new office space.

Authorization of Reduction of Years to Pension Plan Vesting: Motion

: The Board authorizes the CEO to execute the appropriate documents reducing the vesting service requirement of CRW’s Pension Plan through PMRS to three (3) years of service.

C. Authorization of Procurement of Life and Disability Insurance:

Motion : The Board authorizes the CEO to execute the appropriate documents to procure life insurance and short and long term disability insurance for management staff from either Power - Kunkle or Employee Benefits Solutions at the following levels dependent on proposals received:  Life Insurance: 1 times salary to a maximum of $100,000;  Short Term and Long Term Disability Insurance: 60% of salary to a maximum of $6,000per month.

FINANCE : A. RESOLUTION 2014 -

– Variable Rate Demand Sewer Revenue Bonds : Motion:

The Board ratifies the actions of all acts associated with CRW’s Issuance of VariableRate Demand Sewer Revenue Bonds, Series 2014B in an Aggregate Principal Amount of$29,660,000 and its Sewer Revenue Bonds, Series 2014C in the Aggregate Principal Amount of $21,500,000 which closed on July 17, 2014.

B. RESOLUTION 2014 -

Modifications to PENNVEST Loan Agreements

: Motion:

The Board ratifies the actions of all acts associated with CRW’s entry into Agreements modifying loan agreements #78004 and #73137 with the Pennsylvania Infrastructure Investment Authority (PENNVEST) to reflect Capital Region Waters name change, parity position of the loans and restrictions on further parity obligations using Capital Region Waters sewer revenues.

C. PENNVEST Loan Closing – AWTF Improvement Project

– HRG Amendment No. 1:

Motion:

The Board authorizes the Chief Executive Officer to execute Amendment No. 1 to the Agreement with HRG in the amount of $5,800.00 for additional services required for the PENNVEST Pre closing Letter and additional services for standards and related documentation required for DEP. Funding Source: Sewer #6900B - AWTF Upgrade PENNVEST Financing

. WASTEWATER

: A. Sinkhole Investigation and Remediation Program – Geotechnical/Geophysical Services:

Motion:

The Board authorizes the Chief Executive Office to execute an agreement with GHD to provide professional services related to the prioritization, assessment and remediation of sinkholes related toCRW assets in an amount not to exceed $197,100

– Funding Source: Sewer #7203.1

– Sinkhole Investigation & Remediation Program and Water #7602

– Sinkhole Investigation & Remediation Program.

Regular Meeting -

WATER: A. DeHart Property – Agreement of Sale with The Conservation Fund

: Motion

: The Board authorizes the CEO to negotiate an Agreement of Sale with The Conservation Fund , Fort Indiantown Gap’s (FIG) conservation partner, for 383.8 acres of land owned by CRW at the DeHart property.

. The sale contemplates the transfer of land to the Pennsylvania Game Commission for protection under FIG’s Army Compatible Use Buffer (ACUB) Program . Entry into said Agreement of Sale is contingent upon an appropriate due diligence period and legal review.

B. Amendment to Prior Motion - Change of Funding Source:

Motion: The Board moves to amend the motion approved at the June 25, 2014 Board Meeting pertaining to Agenda Item "WASTEWATER

H." The amendment is to change the Funding Source from "Sewer #7203

- Extraordinary Repairs" to "Water #7602 – Sinkhole Investigation & Remediation ." This amendment corrects an erroneous allocation of cost and assigns it to the appropriate budget line. The Board has been notified of this amendment to the motion in advance of this meeting.

IX.

Board Member Comments

X. Public Comment - Non Agenda Items (3 minutes) XI. Adjournment