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US Concrete's (USCR) CEO Bill Sandbrook on Q2 2017 Results - Earnings Call Transcript

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US Concrete Inc (NASDAQ:USCR) Q2 2017 Earnings Conference Call August 08, 2017 10:00 AM ET Executives Kevin Kohutek - Vice President and Chief Accounting Officer Bill Sandbrook - President and Chief Executive Officer Analysts Trey Grooms - Stephens Inc Adam Thalhimer - Thompson, Davis Scott Schrier - Citi Craig Bibb - CJS Securities Stanley Elliott - Stifel Nicolaus Roresa Mojo - D.A. Davidson Operator Good day, ladies and gentlemen, and welcome to the U.S. Concrete, Inc. Second Quarter 2017 Earnings Conference Call . [ Operator Instructions ] I would now like to introduce your host for today's conference, Kevin Kohutek, Vice President and Chief Accounting Officer . You may begin. Kevin Kohutek Thank you, Israh. Good morning, and welcome to U.S. Concrete's Second Quarter 2017 Earnings Conference Call . Joining me on the call today is Bill Sandbrook, our President and Chief Executive Officer . Bill and I will make some prepared remarks, after which we will open the call to your ...

Westbrook reverses decision to charge impact fees

Westbrook will not charge fees based on a development’s impacts to the school and sewer system. The decision is a reversal from last fall, when the Westbrook City Council expressed interest in the idea and planned to charge impact fees on all building projects with permits issued since Oct. 3. The fees were popular among residents and officials concerned about the pace of growth in the city at a time when hundreds of housing units were proposed for Westbrook. City staff spent months developing the formulas for the fees, which are designed to pay for new capacity needed as a result of a development. Under the system proposed, for example, the owner of a new three-bedroom house would need to pay a $3, 245 school impact fee to offset the future costs of adding children to local classrooms. But when the final proposals for those fees came before the City Council last week, the group rejected them. A majority of councilors said they were worried the fees would discourage families and b...

Legal battle over Woodbury's development fees could echo across the metro

See more of the story Growing suburbs’ strategy of paying for new roads and other infrastructure by charging builders fees for development could be upended by a legal challenge before the Minnesota Court of Appeals. A developer’s lawsuit against Woodbury arguing the city’s roadway fee on new subdivisions is illegal has attracted competing court filings from the metro area homebuilders association and the League of Minnesota Cities . At issue is whether developers or taxpayers should bear the brunt of road projects that are needed to accommodate growth but are located outside of a new subdivision. “I’d say this is a landmark case,” said David Siegel, executive director of the Builders Association of the Twin Cities. “Probably one of those rare cases that comes along every decade or so that we think has really powerful ramifications across the Twin Cities.” Woodbury charges developers a “major roadway assessment” fee to help cover road improvements outside of a subdivision, such ...

Secretary of the Army Energy & Water Management Awards Presented at the Energy Exchange Symposium | Article

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Water Management Awards gather following the awards ceremony with Mr. Randy Robinson, acting assistant secretary of the Army for Installations, Energy and Environment (front row far left), and Ms. Carla Coulson, acting deputy assistant chief of staff for Installation Management (front row far right) during the Energy Exchange Symposium held in Tampa Florida. The Awards are presented in categories related to energy efficiency , energy management , and water conservation ." /> 1 / 1 Show Caption + Hide Caption – Many of the forty-nine recipients of 2017 Secretary of the Army Energy and Water Management Awards gather following the awards ceremony with Mr. Randy Robinson, acting assistant secretary of the Army for Installations, Energy and Environment (front row far left), and Ms. Carla Coulson, acting deputy assistant chief of staff for Installation Management (front row far right) during the Energy Exchange Symposium held in Tampa Florida. The Awards are presen...