Minutes of the Second Monthly Meeting of the Board of Commissioners of Consolidated Waterworks District No. 1, held June 15, 2026 at the District's Office, 8814 Main Street, Houma Louisiana. The meeting was called to order at 5:30 P.M., pursuant to proper notice in writing to each Board Member and posted in the manner required by law. Commissioner Charles Brown led the Invocation and Commissioner Dwayne Hornsby led the Pledge of Allegiance. Upon roll call, Commissioners recorded as present were Teri Chatagnier, Dwayne Hornsby, Charles Brown, Wilbert Thomas, Craig Luke, Patrick Marcel, Troy Welch and David Gaudet; Absent was Kenneth Ellender. With one absence, a quorum was declared present. Upon motion by Mr. Wilbert Thomas, and seconded by Mr. David Gaudet, the minutes of June 1, 2026 Regular Meeting were adopted as written. Upon motion by Mr. Patrick Marcel, and seconded by Mr. Troy Welch, the Financial Reports for May 2026 were unanimously accepted as presented. Three calls were announced for anyone from the public wishing to address the Board. None Mr. Jeremy Perkins, All South Consulting Engineers, LLC, reported as follows: 1. Project CIP-12-23-01 Replacement of 24" Transmission Line – Williams Pump Station toward Connely St. The Contractor continues to work on the waterline extension to the South Terrebonne standpipe. So far, 620 LF of pipe has been installed with another 660 LF to be installed by the end of this week. They are also doing tie-in work to connect to the existing 8-inch waterline that runs parallel to Hwy 182. Change Order No. 4, which is an Owner requested change, is being developed for approval. The scope of work includes replacement of several valves and pipe at the standpipe. Mr. David Waitz, David A. Waitz Engineering & Surveying, Inc. reported as follows: 1. Project CIP-08-25-01 SWTP Effluent Separation We are currently working on the design phase of this project which is approximately 80% complete to date. We are finalizing proposed pump station selection from Gainey's. Mr. Jacob Prosperie, TPCW Chief Engineer, reported for GIS Engineering LLC as follows: 1. Project CIP-08-25-02 Bayou Lafourche Pump Station GIS started preliminary design work last month. Surveying and geotechnical is complete. Mr. Jacob Prosperie, Chief Engineer, TPCW, reported as follows: 1. Project L-01-25-01 Meter Replacement Program Project (Phase 1, 2 and 3) near completion. Approximately 18,000 meters have been installed in Phases 1, 2 and 3. Phase 4 will be approximately 7,500 meters and will complete installation to all areas above the GIWW. The following bills were presented for payment: All South Consulting Engineers, LLC, CIP Project 21,969.57 All South Consulting Engineers, LLC, LaDOTD Project 14,468.21 David Waitz Engineering & Surveying Inc, CIP Project 18,878.25 Pedal Valves, Inc., L-01-25-01 193,140.00 BLD Services, LLC, CIP-12-23-01 Pay App 7 367,152.39 Delco Services, LLC, L-03-26-01 16,580.00 Harvest Midstream, CIP-12-23-01 6,000.00 Jesse Doiron, Inc., L-03-26-01 61,449.80 Chem Spray South, Inc., L-04-24-02 172,378.08 It was moved by Mr. Dwayne Hornsby, and seconded by Mr. Craig Luke, to approve the capital improvement bills of the District for payment as presented, and which list will be made as part of the record for this meeting. The motion was unanimously adopted. Mr. Michael Sobert, General Manager, reported that bids for Meter Reading Equipment were received on June 10, 2026. There was only one bidder, Badger Meter Inc., TPCW's current supplier. Prices were bid for several types of equipment as per the specifications. It was moved by Mr. Charles Brown, and seconded by Mr. Patrick Marcel, to award the bid for meter reading equipment to Badger Meter Inc. The motion was unanimously adopted. The Bid List is made a part of these minutes hereto. Ms. Cecilia Norman, Chief Administrative Officer, reported that six proposals for Fiscal Agent were received on June 1, 2026. Upon staff recommendation, it was moved by Mr. Patrick Marcel and seconded by Mr. Dwayne Hornsby to award the Fiscal Agent allocations listed below for the period of July 1, 2026 to June 30, 2029. The motion was unanimously adopted. JPMorgan Chase 10.20% Capital One 8.60% b1 Bank 18.90% Synergy Bank 22.00% Hancock Whitney 23.90% South Louisiana Bank 16.40% Mr. Ed Daigle of USI presented Property, Casualty, Pollution, Cyber and Worker's Compensation insurance renewal options to the Board. Because of the District's excellent experience modifier, the quote for Worker's Compensation from the current carrier, Bridgefield Casualty Insurance Co., is a significant decrease from last year. The current Liability Package carrier, The Travelers, submitted a quote with an overall 2% increase. Cyber Liability and EDP submitted a flat renewal with the existing carriers. The current Property policy is crafted such that the risk is shared among four (4) carriers and TPCW with TPCW bearing 50% of the risk. The limit is $20,000,000. Mr. Daigle stated TPCW can renew with existing policy and a reduction in premium to $211,715.00 or can consider Option 1. Option 1 would be to renew the existing policy but with a reduced exposure per loss from 50% to 22.5% to TPCW for any one loss for a premium of $286,961.87, which would result in a flat renewal. Both options include a reduced named storm deductible from $250,000 to $200,000. The overall premium with Option 1 is $745,852.90, a .4% increase in premiums from last year and a $5.5M reduction in TPCW exposure. After discussion, it was moved by Mr. Wilbert Thomas, and seconded by Mr. Troy Welch, that the District renew the Property with Option 1, Casualty, WC, Cyber Liability, and EDP as presented for a total annual premium of $745,852.90, for 2026-2027. The motion was unanimously adopted. It was moved by Mr. Craig Luke, and seconded by Mr. Patrick Marcel, to adopt Final Budget Amendments for Fiscal Year Ending June 30, 2026. The motion was unanimously adopted. At 6:41 pm, there being no further business to come before the Board, it was moved by Mr. Wilbert Thomas, and seconded by Mr. Patrick Marcel, that this meeting adjourn. The motion was unanimously adopted. Publication Dates LLOU0553510