HomeMy WebLinkAbout1970-06-23COUNTY SANITATION DISTRICTS
OF ORANGE COUNTY, CALIFORNIA
P. 0. BOX 8127, FOUNTAIN VALLEY, CALIFORNIA 92708
10844 ELLIS AVENUE (EUCLID OFF-RAMP, SAN DIEGO FREEWAYJ
June 18, 1970
TELE PH ON ES:
AREA CODE 714
540-2910
962-2411
TO: MEMBERS OF THE BOARD OF DIRECTORS OF COUNTY SANITATION
DISTRICrr NO. 7·
Gentlemen:
Pursuant to adjournment of the regular meeting on June
10, 1970, the Board of Directors of County Sanitation
District No. 7 will meet in an adjourned regular meeting:
Tuesday4 June 23, 1970
at :30 p.m.
1084L~ Ellis Avenue
Fountain Valley, California
--II
MANAGER 'S AGE NDA REP ORT
County Sanitation Dis tricts
of Orange County, California
DISTRICT NO. 7
P. 0 . Box 5 175
10 844 Ellis Avenue
Fountai n Valley, Calif., 92708
Teleph ones:
Ar ea Code 714
540 -29 10
962-24 11
Jllile 19, 19,7 0
ADJOURNED REGUIAR MEETING
Tuesday4 Jllile 2 3, 1970
:30 p.m .
Nos . 5 and 6 -REPO RT OF FINANCING CONSULTANTS AND RE SOLUTI ON
CALLI NG FOR SALE OF BONDS : The staff has been in almost · daily
contac t with Bartle Wells Associates , the District 's financ i ng
consu ltant s, r egarding the terms of this bond sal e . In view
o f the recent deteriorating condition of the bond marke t, the
c onsultants have been c onside ring shortening the maturity date
of the issue from twenty y ears as last pr oposed . How eve r, the
staff, after consultations with Chairman Mj _ller and a t e l ephone
di sc ussion with Mr . Harper i n t he east on this matte r, is rec om -
mending that the maturity rema i n at twenty years in o rd e r that
a n increase in taxes wi l l not b e necessary, as would be the
c ase with a shorter ma turi t y s c hedul e .
It is Chairman Miller 's and the staff 's opinion that if no bids
a re re ce ived with the twenty-year maturity schedule at t he seven
p e rcent i nterest ce iling, the Board shoul d imm ediately seek
l egis l at i on permitting sa l e at a higher interest . In the mean-
time , it appears t hat enginee ring costs now being i ncurre d can
b e paid for out of current revenues and r eserves until such t ime
a s a b on d sale is made . Hop e fully, and assuming that no bids
are received on July 28th, th e ma rke t may i mprove betwe e n n ow
and n e xt fall .
Resolution No . 70-106-7 is a formal document prepared by the
bond counsel establishing c oup on rat es , mat uri ty schedules, and
calling f or bids for the $3 .5 million bond sal e o n July 28th .
No . 7 -HEARING ON ORDINANCE INCREASING CONNECTION CHARGES : The
Directors have r eceived. a c opy of Chai r man Mill er 's letter dated
Jun e 17, to al l c i ties, t he Costa Mesa Sani tary District , and
others, regarding the proposed increase in connection charges,
etc . Th i s letter was written by order of the Board at the June
10th Board meeting . Since it was necessary to state i n the l etter
a date for the h earing and adoption of the new connection charges,
-Mr. Miller's letter stated that this hearing and adoption would
be held on July 14; at 4:00 p.m., in the Districts' offices.
Confirmation by the Board of this date for an adjourned meeting
is desirable since, if it is not convenient for the other members,
another date must be selected and the recipients of the letter so
notified.
Paul G. Brown
Assistant General Manager
II
II
BOA ~c ~ Of om~cro m~
County Sanitation Di strids
of Or:inge County, California
D,ISTRICT No. 7
June 23 , 1 970 -4 :30 p.m .
P. 0 . Box 51 75
10844 Ellis Avenue
Fountain Valley, Calif., 92708
AGE NDA
~:> ~ }31 RoJ.l Call
,)21' Appointment of Secretary pro tem (Wt../"" c;21 {""-i')
J31 Report of the Assj_stant General Manager
~Rep ort of the General Counsel
(5)/ Report of the fip,antf L:Pg consultants regarding July 28th
/ ~ond sale ~/>A rv~i ~c)~ -lE
l6/< 6 /\ / Consideration of Re s o lution No . 70-10 -7 f.. calli ng ~9 r.j
bids on $30 5 million bond sale on July 2C5th , 1970 .~"
~?I') Co nsiderat"ion of Res olution No. 70 --108-7 , app roving ~ J ·
Of ficial Stateme nt to be sent to prospe ctive bidders /~ ~,~
for the $3 .5 million bond sale on July 28th, 1970.
C8}f" Consideration of e sta blishing date of July 14, at 4:00 p .rn ., '
/p for h earin g and ado~tio· of 0 :::-d:i nan,ce No . 71 2 ifc re as ing~ k
lYo.-cor1n e ct ~~ charges _ ~....,,. -...J.,. ~ µ-.\,.,.. o,..,1..,.., · . __i. ....,c
~ -. ~~ ~ \ --"b ~ .. ~ ~ :~ "tv · o/ -tw--~ "\> -.."-' 41'"'-~~rr..C\.
(9 ) Othe r bu,sines s .La.nd com.munica u;i.:on::? ~. . . // --7J'r-:--i (b," ... (-,.. / ft?.~Uc.t !J. ~ ... '"t" .... ,l I. l-i ,L;, ~ ho -io-G. // ~<+r) ~-S '/vO (10) Consideration of motion 1o adjourn
DATE ____ ·_·~_};;;_· _·3 __ }7..._· ·_C_·· __
JOINT BOARDS
Dutton
Bousman
Magnus
Kanel
Just
r.hristie
ms
lferton
Brown
Shipley
Green
Gibbs-.
Hirth
Mc Innis
Rogers·
Parsons
Smith
Finnell
Anderson
Arbiso
Miller
Gris et
Herrin
Winn
Me~chado
Porter
Culver
McWhinney
Hirstein
Allen
Pebley
----Davis·
Clark ----Harvey ----Harper
----Root
Zuniga
----Westra
La.House ----Matney ----Shipley ----
Croul
Hirth
----Hirth
Hileman ----Gomez
Fuhrman
----Lewis
Coco
----Herrin
----Griset
Schniepp
---Wedaa
----Allen ----Phillips ----
OTHERS
Harper
Brown
Carlson
Clarke
Dunn
Finster
Galloway
Hohener
Keith
Lowry
Maddox
Martinson·
Nisson
Piersall
Sigler
Stevens
Sylvester
Tremblay
Bankston
----
DISTRICT 8
Mi tcheir--·-------·--
Rev. 5/J.3/70j
Time DISTRICT 7
Meeting
-~----~~~~-
DISTRICT 1
Gris et
Miller
.Porter
Allen
DISTRICT 2
Magnus
Winn
Culver
Finnell
Herrin
Sims
Christj_e
Dutton
Just
Smith
Machado
Allen
DISTRICT 3
Culver
McWhinney
Bousman -----
Berton
Green
Herrin
Anderson
Kan el
Brown
Arbiso
Sims
Dutton
Just
Magnus
Finnell
Allen
DISTRICT 5
Hirth
Parsons
Allen
Porter
Mc Innis
Allen
DISTRICT 6 ------·-
---.. -
./ -7-·
Herrin
Coco
Phillips
Clark, Robt.
Schniepp
Gomez
Gris et
Zuniga
Root
Pebley
Harper
Hileman
Wedaa
Phillips
Davis
Westra
Shipley
Gris et
Fuhrman
Harvey
LaHouse
Lewis
Zuniga
Pebley
Harper
Clark, Robt.
Gomez
Phillips
Croul
Phillips
Hirth
Phillj_ps -----.
Coco
Herrin
Hirth
l'fiilJ.er
Grj_set
Porter
Rogers
Smlth
Hirstein
-..---.. -----.-~ H:ileman
Shipley
G:ibbs
Allen
--r-Allen -.-...... _,, ___ _
DI S~PJ C1l1 11
Matney
Phillj_ps