DelVal Board and Administration
Due to the COVID-19 Pandemic, the July 13, 2020, meetings of the DelVal Board of Directors will be conducted as a virtual GoToMeeting. Any citizen may attend this meeting by telephone or computer. Citizens may submit questions or comments to the Program Administrator at LCalhoun@DelVal.US up until 2:00 P.M. on July 13, 2020. The Agenda for the meeting is posted in "Current Information on DelVal" on the "Home" page.
DelVal Agenda Meeting
Monday, July 13, 2020 at 3:00 PM (EDT)
DelVal Public Meeting
Monday, July 13, 2020 at 4:00 PM (EDT)
Each year, on a rotating basis, one of the four Counties that created DelVal (Bucks, Chester, Delaware, and Montgomery Counties) appoints a Director with a 5-year term to the DelVal Board. The Board holds an Agenda Meeting and a Public Meeting monthly, normally on the second Monday of each month. Officers are appointed annually at the Board's January reorganization meeting. The DelVal Board must authorize all payments of DelVal's funds, approve the origination of all loans, approve the issuance of all debt obligations, and authorize any interest rate swap transactions.
Board of Directors
- James H. Shacklett,III., Chairman (Montgomery County)
- Patricia K. Poprik, Vice Chairman (Bucks County)
- John P. McBlain, Esq., Secretary (Delaware County)
- Joseph E. Brion, Esq., Treasurer (Chester County)
- David A. Nasatir, Esq., Assistant Secretary and Treasurer (Montgomery County)
DelVal does not have any employees; the operation of DelVal has been privatized since its founding in 1985. The Board appoints the Trustees, Solicitor, and Program Administrator to manage and conduct DelVal's activities. Wells Fargo Bank is responsible for preparing the loan invoices and collecting the loan repayments, principally through ACH debits. TD Bank holds all of the funds and investments and disburses all payments for debt service, interest rate swap transactions, and requisitions. The Solicitor, Carmen P. Belefonte, Esq., manages the preparation of all resolutions and loan documents. The Solicitor serves as DelVal's Open-Records Officer. The Program Administrator, Calhoun Baker Inc., serves as DelVal's "independent registered municipal advisor" and "qualified independent representative" and manages DelVal's debt, investment, and interest rate swap transactions. The Program Administrator must approve the origination of all loans.