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HomeMy WebLinkAbout1992-10-14 COUNTY SANITATION DISTRICTS ° OF ORANGE COUNTY, CALIFORNIA P.O. BOX$127,FOUNTAIN VALLEY, CALIFORNIA 9272 8127 10844 ELLIS, FOUNTAIN VALLEY, CALIFORNIA 92708-7018 �4°cc coV`� (714)962-2411 October 14, 1992 NOTICE OF REGULAR MEETING DISTRICTS NOS. 1, 2, 3, 5, 6, 7, 11, 13 & 14 WEDNESDAY, OCTOBER 14, 1992 - 7:30 P.M. 10844 Ellis Avenue Fountain Valley, California `j The next regular meeting of the Boards of Directors of County Sanitation Districts Nos. 1 , 2, 3, 5, 6, 7, 11, 13 and 14 of Orange County, California, will be held at the above hour and date. As istant Wardcretary Cj Tentatively-Scheduled Upcoming Meetings: FISCAL POLICY COMMITTEE - Wednesday, October 21st, at 5 : 30 p.m. AD HOC COMMITTEE RE - Thursday, October 22nd, at 5: 30 p.m. SERVICE TO OUTSIDE AREAS JOINT WORKS - Wednesday, October 28th, at 5 : 00 p.m. SELECTION COMMITTEE EXECUTIVE COMMITTEE - Wednesday, October 28th, at 5: 30 p.m. BUILDING COMMITTEE - Wednesday, November 4th, at 5: 30 p.m. NOTE: The regular November Joint Board Meeting will be changed from Wednesday, November 11 , 1992 to Wednesday, November 18, 1992 at 7 : 30 p.m. due to the Veteran's Day legal holiday. COUNTY SANITATION DISTRICTS 41 ORANGE COUNTY. CALIFORNIA 10844 ELLIS AVENUE AO.BOX@121 FOUNTAIN VALIFY,CALIFORNIA 8272841 014186224H ( f JOINT BOARD AND EXECUTIVE COMMITTEE MEETING DATES Joint Board Meetings Executive Committee Meetings October Oct 14, 1992 Oct 28, 1992 November Nov 11 , 1992** None Scheduled December Dec 09 , 1992 None Scheduled January Jan 130 1993 Jan 27 , 1993 February Feb 10, 1993 Feb 24, 1993 March Mar 10, 1993 Mar 24, 1993 April Apr 14, 1993 Apr 28 , 1993 May May 12, 1993 May 26 , 1993 June Jun 09, 1993 Jun 23 , 1993 July Jul 14, 1993 Jul 28, 1993 August Aug 11 , 1993 None Scheduled September Sep 08, 1993 Sep 22, 1993 October Oct 13, 1993 Oct 27, 1993 ** Holiday - New meeting date to be determined (Tentatively, November 18, 1992) �1 BOARDS OF DIRECTORS County Sanitation Dlalricts P.O.Box 8127. 10844 Ellis Avenue of Orange County,California _ Fountain Valley,CA 92728.8127 Telephone: (714) 962-2411 ., JOINT BOARDS AGENDA REGULAR MEETING OCTOBER 14, 1992 - 7: 30 P.M. In accordance with the requirements of California Government Code Section 54954.2, this agenda is posted not less than 72 hours prior to the meeting date and time above. All written materials relating to each agenda item are available for public inspection in the Office of the Board Secretary. In the event any matter not listed on this agenda is �i proposed to be submitted to the Boards for discussion and/or action, it will be done in compliance with Section 54954.2, or as set forth on a supplemental agenda posted not less than 72 hours prior to the meeting date. (1) Pledge of Allegiance and Invocation (2) Roll call ( 3 ) Appointment of Chairmen pro tem, if necessary (4 ) Consideration of motion to receive and file minute excerpts of member agencies relating to appointment of Directors, if any. (See listing in Board Meeting folders ) (5) Public Comments: All persons wishing to address the Boards on specific agenda items or matters of general interest should do so at this time. As determined by the Chairman, speakers may be deferred until the specific item is taken for discussion and remarks may be limited to five minutes. ( 6 ) The Joint Chairman, General Manager and General Counsel present verbal reports on miscellaneous matters of general interest to the Directors. These reports are for `j information only and require no action by the Directors. (a) Report of Joint Chairman (b) Report of General Manager (c) Report of General Counsel 10/14/92 (7) EACH DISTRICT ACTION: If no corrections or amendments are made, the following minutes will be deemed approved as mailed and be so ordered by the Chairman: i District 1 - September 9, 1992 regular, and \"'J September 16, 1992 adjourned District 2 - September 9, 1992 regular, and September 16, 1992 adjourned District 3 - September 9, 1992 regular, and September 16, 1992 adjourned District 5 - September 9, 1992 regular, and September 16, 1992 adjourned District 6 - September 9, 1992 regular, and September 16, 1992 adjourned District 7 - September 9, 1992 regular, and September 16, 1992 adjourned District 11 - September 9, 1992 regular, and September 16, 1992 adjourned District 13 - September 9, 1992 regular, and September 16, 1992 special District 14 - September 9, 1992 regular, and September 16, 1992 special (8) ALL DISTRICTS Cons e�rafTon of roll call vote motion ratifying payment of . claims of the joint and individual Districts as follows: (Each Director shall be called only once and that vote will be regarded as the same for each District represented unless a Director expresses a desire to vote differently for any District. ) See pages ^A^ and "E" 9/09/92 9/23/92 ALL DISTRICTS JointOperating Fund - $ 622,250.11 $1,367,972.96 Capital Outlay Revolving Fund - 2,264,469.54 1,877,141.52 Joint working Capital Fund - 113,813.08 239,015.32 Self-Funded Insurance Funds - 491,759.53 219,701.16 DISTRICT NO. 1 - 575.28 43,616.49 DISTRICT NO. 2 - 9,492.39 556,758.50 DISTRICT NO. 3 - 28,354.35 35,756.81 DISTRICT NO. 5 - 57,918.26 261,293.03 DISTRICT NO. 6 - 26.94 182.39 DISTRICT NO. 7 - 87,356.73 29,777.25 DISTRICT NO. 11 - 6,963.94 680.86 DISTRICT NO. 13 - -0- 37.80 DISTRICT NO. 14 - 8,425.66 164,857.73 DISTRICTS NOS. 5 6 6 JOINT - -0- 4,710.51 DISTRICTS NOS. 6 6 7 JOINT - 2,638.41 -0- DISTRICTS NOS. 7 6 14 JOINT - 27.10 6,258.96 $3,694,071.32 $4,607,861.26 -2- 1 10/14/92 ( 9 ) CONSENT CALENDAR - ITEMS 9(a) THROUGH 9(g) 1 matters placed on the consent calendar are considered as not requiring discussion or further explanation and unless any particular item is requested to be removed from the consent calendar by a Director, staff member, or member of the public in attendance, there will be no separate discussion of these items. All items on the consent calendar will be enacted by one action approving all motions, and casting a unanimous ballot for resolutions included on the consent calendar. All items removed from the consent calendar shall be considered in the regular order of business. Members of the public who wish to remove an item from the consent calendar shall, upon recognition by the chair, state their name, address and designate by letter the item to be removed from the consent calendar. The Chairman will determine if any items are to be deleted from the consent calendar. Consideration of action to approve all agenda items appearing on the consent calendar not specifically removed from same, as follows: ALL DISTRICTS (a) Consideration of the following actions relative to Central Laboratory, Job No. J-17: (1) Consideration of motion approving Change Order No. 13 to the plans and specifications for said project, authorizing a net addition of $51,362.52 to the contract with J. R. Roberts Corporation for six items of added or deleted work, and granting a time extension of 40 calendar days for completion of said additional work. See page C. (2) Consideration of Resolution No. 92-137, accepting said project as complete, authorizing execution of a Notice of Completion and approving Final Closeout Agreement. See page "D" (b) Consideration of motion approving Change Order No. 14 to the plans and specifications for Central Power Generation System at Plant No. 1, Job No. J-19-1, authorizing an addition of $91,002.00 to the contract with Hunter Corporation for seven items of additional work. See page "E" -3- 10/14/92 (9) ALL DISTRICTS - (CONSENT CALENDAR Continued) , (c) Consideration of motion approving Change Order No. 8 to the plans and specifications for Control Center/Operations and Maintenance Building, Job No. J-23-1, authorizing an addition of $21 ,017.00 to the contract with J. R. Roberts Corporation for one item of additional work. See page „F" (d) Consideration of the following actions relative to Pump Station Telemetry and Monitoring System, Job No. J-28: (1 ) Consideration of motion approving Addendum No. 1 to the plans and specifications for said job, changing the date for receipt of bids from June 9 , 1992 to July 7, 1992. (2) Consideration of motion approving Addendum No. 2 to the plans and specifications for said job, changing the date for receipt of bids from July 7, 1992 to August 4, 1992. ( 3) Consideration of motion approving Addendum No. 3 to the plans and specifications for said job, deleting three pump stations; revising requirements; and making miscellaneous technical modifications. v (4) Consideration of motion approving Addendum No. 4 to the plans and specifications for said job, deleting one pump station and making miscellaneous technical modifications. (5) Consideration of Resolution No. 92-138, receiving and filing bid tabulation and recommendation, rejecting all bids for said project due to software license dispute; and directing Districts- staff and Counsel to reformulate and rebid the job following resolution of the software licensing issue. See page "G" DISTRICT 5 (a) Consideration of motion approving Change Order No. 5 to the plans and specifications for Improvements to Bayside Drive Trunk Sewer, Phase 3, Contract No. 5-34-3, authorizing an addition of $303,271 .00 to the contract with Silveri & LeBouef for 12 items of additional work. See page "H., 1 , -4- 1 10/14/92 (9 ) DISTRICT 7 - (CONSENT CALENDAR Continued) (f) Consideration of the following actions relative to Relocation of Michelson Pump Station, Contract No. 7-11-2: (1) Consideration of motion approving Change Order No. 3 to the plans and specifications for said project, authorizing an addition of $73,000.00 to the contract with Mitchell Pacific Constructors, Inc. for one item of additional work. See page "I" (2) Consideration of Resolution No. 92-141-7, accepting said project as complete, authorizing execution of a Notice of Completion and approving Final Closeout , Agreement. See page "J.. (g) Consideration of Resolution No. 92-142-7, receiving and filing bid tabulation and recommendation and awarding contract for Abandonment of Red Hill Pump Station, Phase 1, Contract No. 7-14-1-1, to Silveri fl LeBouef, JV, in the total amount of $90,732.00. See page "K" END OF CONSENT CALENDAR (10) ALL DISTRICTS Consideration of items deleted from Consent Calendar, if any -5- 4 10/14/92 (11 ) ALL DISTRICTS (a) Report of the Fiscal Policy Committee and Executive Committee and consideration of motion to receive, file and approve the Committees' written report of their meeting on September 23, 1992 (Copy enclosed with Directors' agenda material) . (b) Consideration of action on the following items recommended by said Committees: (1 ) DISTRICTS 1 ,2, 3 ,5,6,7 6 11 ONLY Consideration of the following actions pertaining to engagement of consulting finance team members for Refunding Certificates of Participation, 1992 Series: (a) Consideration of Resolution No. 92-144, approving Letter Agreement with PaineWebber, dated June 30, 1992, for underwriting services, for an amount not to exceed $8.50 per $1,000 certificate, for a fixed-rate restructuring, or $3.50 per $1,000 certificate for a synthetic fixed-rate restructuring, and rescinding Resolution No. 92-90. See page "L" (b) Consideration of Resolution No. 92-145, approving Letter Agreement with Mudge Rose _ Guthrie Alexander and Pardon, dated June 18, 1992, for special Co-Bond Counsel services, based on per diem rates, for an amount not to exceed $80,000.00 for a fixed-rate issue, plus an amount not to exceed $30,000.00 for the additional synthetic fixed-rate work, plus expenses, and rescinding Resolution No. 92-91. See page "M" (c) Consideration of Resolution No. 92-146, approving Memorandum Agreement with Rourke a Woodruff, dated June 30, 1992, for special Co-Bond Counsel services, for a maximum fee not to exceed $15,000.00, and rescinding Resolution No. 92-92. See page "N" (d) Consideration of motion authorizing the engagement of Orrick Herrington as underwriters' counsel, and providing for the cost of said services to be included in the cost of issuance paid to PaineWebber, and rescinding Minute Order of July 8, 1992 [ITEM ( 11 ) (b) CONTINUED ON PAGE 7 ] -6- ` (11) ALL DISTRICTS (Continued from Page 6) 10/14/92 (b) (2) DISTRICTS 1 2 3 5 6 7 E 11 ONLY Consi era Son of t e following resolutions approving Refunding Certificates of Participation, 1992 Series, pursuant to the Boards' adopted long-range financial plan: See page "0" DISTRICT RESOLUTION NO. COP MAXIMUM AMOUNT 1 92-147-1 $29,500,000 2 92-148-2 63,500,000 3 92-149-3 59,500,000 5 92-150-5 7,000,000 6 92-151-6 2,250,000 7 92-152-7 5,500,000 11 92-153-11 2,750,000 NOTE: SAID RESOLUTIONS authorize issuance of CerTifica es of Participation by each respective District in the principal amounts indicated above and aggregate principal amount not to exceed $170,000,000; and: - Approve and authorize printing and distribution of the Preliminary and Final Official Statement (informs potential investors about terms) - Authorize payment to the credit rating agencies, Standard and Poor's and Moody's (estimated amount $30,000.00 each) - Authorize completion of the following legal documents: *Acquisition Agreement. . . . . . .Details each District' s participation and projects *Assignment Agreement. . . . . . . .Allows Trustee to pay investors *Trust Agreement. . . . . . . . . . . . .Instructions for Trustee Bank *Escrow Agreement. . . . . . . . . . . .Sets forth the duties and responsibilities of the escrow agent *Certificate Purchase Agreement. . . . . . . . . . . . . . . . . . .Sets forth terms and conditions of sale between Districts and underwriter PaineWebber [ITEM (11 ) (b) (2) CONTINUED ON PAGE 8] -7- 10/14/92 (11) ALL DISTRICT'S (Continued from Page 7) (b) (2) (Continued) °Interest Rate SWAP Agreement. . . . . . . . . . . . . . . . . . .Sets forth terms and conditions of interest between Districts and counterparty -Liquidity Guarantee Agreement. . . . . . . . . . . . . . . . . . .Guarantees a liquidity facility at 25 basis points annual fee °Guarantee of American International Group, Inc. . . .Guarantees performance on SWAP agreement -offering Statement. . . . . . . . . .Informs potential investors about the terms and conditions of the financing *Standby Bond Purchase Agreement. . . . . . . . . . . . . . . . . . .Sets forth the terms and conditions of the liquidity facility 1. °Remarketing Agreement. . . . . . .Sets forth the duties and responsibility of the remarketing agent - Authorize execution and delivery of synthetic fixed rate advance refunding COPS, subsequent to the negotiation process, with final terms to be determined by finance team, but not to exceed $170 million and a term of 25 years - Authorize underwriter's (PaineWebber) fees not to exceed $3.50/$1,000 certificate for synthetic fixed rate transaction - Authorize selection of State Street Bank and Trust Company as Trustee Bank (estimated gross fee over 21-year life of issue is $70,000.00) - Select RPMG Peat Marwick as verification agent (one-time fee is $3,500.00) - Authorize selection of AMBAC as municipal bond insurer (fee is 27 basis points) - Approve Master Interest Exchange (SWAPS) and approve liquidity facility with American International Group, Inc. l , [ITEM (11) (b) (2) CONTINUED ON PAGE 9] �•r -B- 10/14/92 (11 ) ALL DISTRICTS (Continued from Page 8) (b) (2) (Continued) - Approve a Mutual Benefit Advances Agreement, sometimes referred to as a "Cross-Collaterilization Agreement" , between the participating Districts ( 3 ) Consideration of motion authorizing the finance team to determine and implement the best combination of the debt financing alternatives to obtain the most favorable overall terms and conditions for the Refunding Certificates of Participation, 1992 Series, based on the market conditions during the transaction time frame (anticipated to be on or about October 20, 1992) ; and authorizing District Chairmen or Chairmen pro tem, Board Secretary, General Manager, Director of Finance, General Counsel and any other duly-constituted officer or agent to execute any and all documents necessary and advisable to effectuate the transactions. ( 12) ALL DISTRICTS (a) Report of the Fiscal Policy Committee and consideration of motion to receive, file and approve the Committee' s written report of the meeting held on September 28, 1992 `..� (Copy enclosed with Directors ' agenda material ) . (b) Consideration of action on the following item recommended by said Committee: DISTRICTS 1 ,2 , 3 ,5, 6,7 & 11 (1 ) Consideration of motion ratifying the Fiscal Policy Committee's action directing staff to negotiate a reversal of the existing three-year SWAP relative to the 1990-92 Capital Improvement Program, Series B COP Issue, when deemed appropriate by staff and the financing team, subject to the concurrence of the Chairman of the Fiscal Policy Committee and the Joint Chairman. (13) ALL DISTRICTS Consideration of motion changing the Regular Joint Board meeting date from Wednesday, November 11 , 1992 to Wednesday, November 18 , 1992 at 7 : 30 p.m. due to the veterans ' Day holiday. -9- 10/14/92 ( 14 ) ALL DISTRICTS Closed Session: During the course of conducting t e usine�orth on this agenda as a regular meeting of the Boards, the Chairman may convene the Boards in closed session to consider matters of pending or potential litigation, or personnel matters, pursuant to Government Code Sections 54956.9 or 54957.6 . Reports relating to (a) purchase and sale of real property; (b) matters of pending or potential litigation; (c) employee compensation; or which are exempt from public disclosure under the California Public Records Act, may be reviewed by the Boards during a permitted closed session and are not available for public inspection. At such time as final actions are taken by the Directors on any of these subjects, the minutes will reflect all required disclosures of information. (a) Convene in closed session, if necessary (b) Reconvene in regular session (c) Consideration of action, if any, on matters considered in closed session. (15) ALL DISTRICTS Ot er mousiness and communications or supplemental agenda items, if any (16 ) DISTRICT 1 OtFer business and communications or supplemental agenda items, if any (17 ) DISTRICT 1 Consideration of motion to adjourn (18) DISTRICT 2 Other Gusiness and communications or supplemental agenda items, if any (19 ) DISTRICT 2 Con— s�tion of motion to adjourn (20) DISTRICT 3 Other usiness and communications or supplemental agenda items, if any ( 21 ) DISTRICT 3 Consi eration of motion to adjourn -10- 10/14/92 (22) DISTRICT 11 Offer mousiness and communications or supplemental agenda items, if any (23 ) DISTRICT 11 Condon of motion to adjourn (24 ) DISTRICT 13 other business and communications or supplemental agenda items, if any (25 ) DISTRICT 13 Condon of motion to adjourn (26 ) DISTRICT 14 Offer mess and communications or supplemental agenda items, if any ( 27 ) DISTRICT 14 Con�eiation of motion to adjourn (28) DISTRICTS 5 6 6 Consideration of the following actions relative to Improvements to Bitter Point and Rocky Point Pump Stations, Contract No. 5-32, and Improvements to Bay Bridge Pump Station, Contract No. 5-33: (a) Verbal report of staff (b) Consideration of motion approving Addendum No. 1 to the plans and specifications for said project, making miscellaneous technical clarifications and modifications. (c) Consideration of Resolution No. 92-140, receiving and filing bid tabulation and recommendation and awarding contract for said project to Uhler, Inc. , in the total corrected amount of $1 ,765,757 .00. See page "P" ( 29 ) DISTRICT 6 Ot— eeriness and communications or supplemental agenda items, if any ( 30) DISTRICT 6 Con�tion of motion to adjourn ( 31 ) DISTRICT 5 (a) Verbal report of staff (b) Consideration of Resolution No. 92-139-5, approving plans and specifications for South Coast Trunk Sewer, Phase 2, Contract No. 5-35-2, and authorizing the General Manager to establish the date for receipt of bids (Tentative bid date is November 10, 1992) . See page -11- 10/14/92 (32) DISTRICT 5 Otler�usinsss and communications or supplemental agenda - items, if any l 1 ( 33) DISTRICT 5 gar' Consideration of motion to adjourn ( 34) DISTRICT 7 Con�tion of the following actions to acquire Easement by Condemnation pertaining to Abandonment of Overbill Pump Station, Phase 1, Contract No. 7-14-9-1 : (a) verbal report of staff/General Counsel (b) Hearing regarding proposed Condemnation of Easement (1) Open hearing (2) Oral public comments, if any (3) Receive and file written protests, if any (4) Close hearing (c) Consideration of Resolution No. 92-143-7, adopting a Resolution of Necessity to acquire an Easement by Condemnation pertaining to Abandonment of Overhill Pump Station, Phase 1, Contract No. 7-14-9-1. See page "R" ( 35) DISTRICT 7 Ott erBusiness and communications or supplemental agenda items, if any ( 36) DISTRICT 7 ConslTe—ration of motion to adjourn -12- MANAGER'S AGENDA REPORT 1 County Sanitation Districts P.O.Box 8127•10844 Ellis Avenue of Orange County,California Fountain Valley,CA 92 72 8-81 2 7 Telephone:(714)962-2414 JOINT BOARDS MEETING DATE October 14, 1992 at 7:30 p.m. The following is a brief explanation of the more important, non- routine items which appear on the enclosed agenda and which are not otherwise self-explanatory. Warrant lists are enclosed with the agenda material summarizing the bills paid since the last Joint Board meeting. ALL DISTRICTS 9(a) : APPROVAL OF CHANGE ORDER NO. 13 TO CENTRAL LABORATORY, JOB NO. J-17, AND ACCEPTANCE OF JOB AS COMPLETE. Job No. J-17, Central Laboratory, provides for the construction of a new laboratory, upgrading of the site paving, and provisions for additional parking at a cost of $8. 15 million. The contract is now complete. (1) Change Order No. 13 Change Order No. 13 is a net addition of $51,362.52 and 40 calendar days to the contract with J. R. Roberts Corporation, for five items of additional work and one item of deleted work. Item 1, in the amount of $9,344.00 and five calendar days, is for additional stainless steel exhaust ductwork added in Room 231 to accommodate new equipment anticipated to be acquired for the Laboratory in the future, furnishing and installing thresholds and sweeps for three doors to maintain the temperature differential from mechanical rooms to inside the Laboratory, providing locksets for four doors, locker rooms and rest rooms, and to furnish and install ceramic tile above the sink in Janitor's Room 117. Item 2, in the amount of $12,043.00 and seven calendar days, provides for the modifications of ductwork in Room 229. The use of Room 229 has changed from the originally-planned Process/Wastewater to General Chemistry. The modification includes removal of portions of previously installed stainless steel ductwork and replacing it with vertical PVC ductwork with wash rings. The exhaust from the new use has an explosive October 14, 1992 potential for which the addition of the wash rings (which add water to the exhaust) was added as a preventative measure. The item also included relocating the fire sprinkler line and heads and cutting a new hale in the roof and providing flashing and sealing. Further, inspection doors in duct shafts and tamper switches for fire sprinkler control valves were added. The inspection doors and tamper switches were required by the City of Fountain Valley fire inspector. Item 3, in the amount of $12,419.00 and 14 calendar days, is for various modifications. The use of Room 208 has also changed since the original design resulting in the need to remove and store all cabinets, delete plumbing outlets, add carpet and receptacle boxes, patch drywall and repaint. Additional modifications include installing a waste vent, drai❑ and lateral to the Kjeldahl unit in Room 229 and additional light switches in Rooms 227 and 229. The following items, required by code, were also added or modified: conduits and conductors to provide an additional fire zone from fire alarm panel to elevator equipment room for a telephone to the elevator cab. The following items are required for operation: adding conduits, conductors, and hookup for roll-up door motor, pump P-10 for the heat exchanger and for the water heater ignitors. Item 4, in the amount of $16,987.00 and 14 calendar days is for plumbing and electrical hookups for two Districts-furnished autoclave units in Rooms 212 and 213. The autoclaves are new equipment, not planned for in the original design of the building. Item 5, in the amount of $2,510.00, provides for red oak wood veneer cabinet faces in lieu of the specified plastic laminate originally specified for Rooms 100, 101A, 101B and 103. This request was made so the cabinet faces would match the other wood finish in the building. Item 6 is a credit in the amount of $1,940.48 for the reimbursement of fees paid by the Districts directly to Southern California Edison Company. The above-described changes would have been included in the original design if discovered or known in the design phase. None of the items are for replacement work except where current use of the room changed from the original design concept in the late 1980s. If the Directors approve this change order, the total cost of the change orders to date on this contract will be $1,063,002.07 and 426 calendar days time extension. This represents an increase of 15% over the original contract amount. However, this includes $635,000 (9S) approved to date for reconfiguration of the Laboratory interior to accommodate and service new or changed Laboratory functions not identified in the original plan. -2- October 14, 1992 Staff recommends approval of Change Order No. 13 for a net addition of $51,362.52 to the contract with J. R. Roberts Corporation. There is a 40-day time extension associated with this change order. (2) Acceptance of Contract as Complete J. R. Roberts Corporation has fulfilled all contractual obligations within the specified and extended time. Therefore, staff recommends adoption of the resolution attached to the agenda material, authorizing acceptance of the work as complete, execution of the Final Closeout Agreement and filing of the Notice of Completion as required. The final project cost is $8,153,002.07. 9(b): APPROVAL OF CHANGE ORDER NO. 14 TO CENTRAL POWER GENERATION SYSTEM AT PLANT NO. 1, JOB NO. J-19-1. Job No. J-19-1, Central Power Generation System at Plant No. 1, is part of the $66 million master-planned Central Power Generation System which is being built under several contracts at both plants. This $16.0 million contract includes installation of three pre-purchased digester gas burning, spark-ignited, 3472 horsepower engines with generators which are each capable of producing 2500 KW of electrical power. Change Order No. 14, in the amount of $91,002.00, is for seven items of additional work. Item 1, in the amount of $64,468.00, is for the installation of one additional signal manhole and three terminal cabinets with related terminations and appurtenances. A portion of the signal duct bank routed under Fuentes Road was deleted from this contract in Item 3 of Change Order No. 4 and constructed under the Primary Clarifiers Noe. 6-15 and Related Facilities at Reclamation Plant No. 1 (Job No. P1-33) project in order to complete the work prior to construction of a new plant road. The signal duct bank was constructed per the design alignment, but rerouted around the location of structures to be built in the future as part of the planned secondary treatment expansion. This reroute of the signal duct bank avoids future changes but adds length and several bends to the duct bank between Manholes S-2 and S-3. The National Electric Code limits the number of bends in any one conduit run between pulling points; in this case the manholes. The additional bends required to reroute the signal duct bank as described above necessitate the installation of an additional manhole to meet this code requirement. The Detailed Specifications also require pulling calculations for multipair armored cable. This specification provides that the contractor be reimbursed for additional work required to install the cable within the cable-s allowable pulling tension if the applicable code would otherwise be violated. The three additional terminal cabinets with the associated terminations and appurtenances are required to pull the cable within the cable manufacturer's recommended pulling tension. The multipair armored cable includes 240 terminations at each of the three cabinets. -3- October 14, 1992 Item 2, in the amount of $19,494.00, is for rerouting the signal duct bank adjacent to the 12 EV Service Center below an existing retaining wall, removal of existing conduit in the basement of the Service Center, and the installation of new conduit in the basement. Contract drawings do not show an existing retaining wall at the east side of the Service Center which supports a parking lot. The additional bends resulting from the rerouting in the signal duct bank exceed the maximum bends allowed by the National Electric Code in that section of duct bank between Signal Manhole S-1 and the Service Center. The duct bank was therefore rerouted from the retaining wall to the building and in the basement of the 12 EV Service Center in order to comply with the code. Item 30 in the amount of $953.00, is for providing adjustable differential pressure switches for the instrument and starting air compressors. The differential pressure switches specified by the consultant do not provide an adequate operating range for the compressors. Item 4, in the amount of $1,404.00, is to relocate one fire damper on the 6-inch air supply duct to Room 205 and install one new fire damper on the 30-inch corridor return air duct. These dampers will be located at the fire wall on the east side of the control room. The Contract Drawing shows one damper incorrectly located in Room 205 and no damper is shown on the corridor air return duct work. The National Fire Protection Association requires that these dampers be located at fire walls. Item 5, in the amount of $3,795.00, is for additional anchorage for Precast Panel No. 8, reinforcement of lateral bracing connections for precast panel carrying beams, and revisions to horizontal supports for the vest crane rail beam located in the main engine room. The consultant recommended the reinforcement of the lateral supports to limit lateral deflection experienced during panel installation. The additional anchors for Precast Panel No. 8 were required because there was not access provided to install the panel anchors shown on the plans. Item 6, in the amount of $413.00, is for removing the fan motor and blades from the 30- inch diameter exhaust fan located on the elevator shaft. The operation of the exhaust fan as shown on the plans would prevent air from entering the elevator shaft when the elevator car is moving down through the shaft. The consultant recommended replacing the fan with a vent. Item 7, in the amount of $475.00, is for providing one turning gear pressure reducing valve. This valve is shown to be owner-supplied on the equipment list in the contract drawings; however, the valve is not included in the equipment manufacturer's contract. Except for Items 3, 4, 5 and 6, the above-described changes would have been included in the original design if discovered or known in the design phase. Portions of Items 4 and 5 involve rework. The added costs for Items 3, 4, 5 and 6 will be negotiated with the designer. If the Directors approve this change order, the total cost of the change orders to date on this contract will be $605,686.00 with 103 calendar days time extension. This represents a total adjustment of 3.9% over the original contract amount. -4- October 14, 1992 Staff recommends approval of Change Order No. 14 for an addition of $91,002.00 to the contract with Hunter Corporation. There is no time extension associated with this change order. 9(c): APPROVAL OF CHANGE ORDER NO. 8 TO CONTROL CENTER/OPERATIONS AND MAINTENANCE BUILDING AT RECLAMATION PLANT NO. 1, JOB NO. J-23-1. Job No. J-23-1, Control Center/Operations and Maintenance Building at Reclamation Plant No. 1, includes construction of a new 25,000 square foot two-story building with basement, a new 2,500 square foot electric cart garage and related site work at a cost of $3.8 million. Change Order No. 8 in the amount of $21,017.00 is for one item of additional work. Item 1, in the amount of $21,017.00, provides for aluminum handrails and handrails with posts at the front entry and at other locations. The original plans did not include certain access provisions for handicapped persons. This work is necessary to comply with standards adopted subsequent to the design and bidding of this project, including the Americans with Disabilities Act (Title 24, Access to Public Buildings), and the 1991 Edition of the Uniform Building Code (Section 1712). The above-described changes would have been included in the original design if discovered or known in the design phase. This item is not for replaced work. If the Directors approve this change order, the total cost of the change orders to date on this contract will be $163,089.00 with 83 calendar days time extension. This represents a total adjustment of 4.4% over v the original contract amount for added work. Staff recommends approval of Change Order No. 8 for the addition of $21,017.00 to the contract with J. R. Roberts Corporation. There is no time extension associated with this change order. 9(d): APPROVE ADDENDA AND REJECT ALL BIDS FOR PUMP STATION TELEMETRY AND MONITORING SYSTEM, JOB NO. J-28. In January the Directors approved plans and specifications for Job No. J-28 which replaces the telemetry in two plant and twenty-nine outlying collection system pump stations. (Since approval, telemetry for five stations was changed to telephone autodialer. ) The existing telemetry which was installed over twenty years ago has become generally unreliable and many spare parts are no longer available. As recommended by the Master Plan, improved telemetry and monitoring will significantly reduce the chances of sewage overflows. The upgraded installations will provide continuous information on the status of each critical pump station, maintain records for preventive maintenance and allow for future remote control. The telemetry transmits operating and status data from the pump stations to the Control Center at Plant No. 1 which is staffed around-the-clock. The plans were based on using the monitoring computer equipment now being installed in the plants under separate Jobs Nos. J-23-2 and P2-44. -5- October 14, 1992 (1) Addendum No. 1 �i Addendum No. 1 to the plans and specifications changes the bid opening date from June 9, 1992 to July 7, 1992. (2) Addendum No. 2 Addendum No. 2 to the plans and specifications changes the bid opening date from July 7, 1992 to August 4, 1992. (3) Addendum No. 3 Addendum No. 3 to the plans and specifications deletes telemetry for three pump stations (which are planned to be abandoned) from the project; changes five non-critical pump stations to an autodialer system; deletes the following: a) uninterruptible power supply from seventeen pump stations, b) a one-year maintenance contract, c) pressure transducers (they will be installed by staff, and d) a control room overhead project; reduces the quantity of graphic displays and training hours; adds factory testing requirements; and makes minor changes to procedural requirements and technical details. (4) Addendum No. 4 Addendum No. 4 to the plans and specifications deletes the Wastehauler Pump Station from the project, allows bids from contractors with Class A licenses, and revises equipment locations in four pump stations. (5) Rejection of Bids On August 4, 1992, the Districts received bids for Pump Station Telemetry and Monitoring System, Job No. J-28. Four bids and one "no bid" were received, ranging from a high of $607,500 to a low bid of $374,100 submitted by Domar Electric, Inc. The engineer's estimate was $400,000. A complete bid tabulation is attached to the supporting agenda material. Since receipt of the bids, a technical problem has arisen with respect to software requirements for this project. The J-28 specifications require use of Miser Software which presently is to be used in the J-23-2 software/hardware upgrade project now underway at Plant No. 1. The contractor on that project, HSQ, is installing their software, Miser, and have indicated that use of the Miser Software for J-28 would violate the proprietary rights (license rights) to their software because the Districts' rights to usage of Miser software are limited only to J-23-2 and P2-44 work. The scope of work for J-28, on the other hand, involves tasks outside the scope of the J-23-2 package. -6- October 14, 1992 After consultation with the Districts' legal counsel, it is believed that the best course of action at this time is to reject all bide. Staff and counsel will initiate discussions with HSQ to resolve the proprietary rights issue and reformulate the J-28 package accordingly for rebidding. DISTRICT 5 9(e): APPROVAL OF CHANGE ORDER NO. 5 TO IMPROVEMENTS TO BAYSIDE DRIVE TRUNK SEWER - PHASE 3, CONTRACT NO. 5-34-3. This $4. 1 million project within the City of Newport Beach includes the construction of a new sewer line in Pacific Coast Highway through Corona del Mar. Portions were constructed using tunneling techniques where excavations are deep. Included in this contract is the repair of the Big Canyon Trunk Sewer near Jamboree Road and the relocation of several sewer laterals installed by the City of Newport Beach to the Sanitation District's old sewer line, thereby allowing abandonment of the old line. Finally, a median in Pacific Coast Highway southerly of Hazel Drive is included. Change Order No. 5 is an addition of $303,271.00 to the contract for eleven items of additional work plus one item for payment of the Phase 2 bonus. The first four items, totaling $165,284.00, involve costs due to undisclosed rock in the tunneling sections of the job, previously reported the the Directors. There was no rock indicated in the borings report which is part of the contract documents, thus this constitutes a changed condition under the contract terms. Item 5 is the bonus. Item 6, in the amount of $66,045.00, is reimbursable by the City of Newport Beach. The remaining items are minor modifications or items caused by other authorities. Item 1, in the amount of $128,397.00, is for tunneling impacts caused by undisclosed rock (mentioned above) in Pacific Coast Highway between Morning Canyon Road and the southerly city limits. The contractor encountered pockets of solid rock during the lest phase of the tunneling operations which required considerable extra work. The additional work included equipment for breaking, removal, hauling and disposal of the rock. Item 2, in the amount of $8,277.00, is for breaking and removing undisclosed rock for the sewer lateral installation at the intersection of Seaward Road and Pacific Coast Highway. Item 3, in the amount of $9,474.00, is for breaking and removing undisclosed rock for the sewer lateral installation at the intersection of Morning Canyon Road and Pacific Coast Highway. Item 4, in the amount of $19,136.00, is for breaking and removing undisclosed rock at the second lateral installation between Morning Canyon Road and Cameo Shores Road on Pacific Coast Highway. Item 5, in the amount of $32,000.00, is for payment of the Phase 2 bonus for early completion. The contract's Special Provisions and Detailed Specifications provide a bonus/penalty clause for early/late completion of the tunnel section through Corona del Mar. The purpose of this clause is to provide an incentive to complete the work on time, or early, to minimize \� -7- October 14, 1992 disruption to businesses and the motoring public. The bonus/penalty for each calendar day is $1,000.00. The contractor accomplished this work 32 calendar days early (including allowances for slow down due to undisclosed rock that was encountered and the offsetting staff-allowed early start) and is therefore entitled to this bonus payment. Item 6, in the amount of $66,045.00, is for installation and connection of a city lateral requested by the City of Newport Beach. The cost of this extra work, including excavating solid rock on the complete installation, will be paid for by the City of Newport Beach. Item 7, in the amount of $6,862.00, is for regrading, refilling and recompacting a portion of the median island to correct a grade differential between the drawings and actual field conditions. Item 8, in the amount of $2,326.00, is for the repair of a city water line which was damaged during pipe excavation. The water line was not located as indicated on the drawings or as marked by the City's utilities personnel. Item 9, in the amount of $968.00, is for removal of excess undisclosed concrete encasement from around an existing water valve located in one of the new median areas. Item 10, in the amount of $1,581.00, is for replacement of a portion of curb and sidewalk including handicap ramp, made necessary by the relocation of Bore Pit No. 1. Item 11, in the amount of $10,011.00, is for additional traffic markings on Pacific Coast Highway as a result of open cut areas instead of trenching due to the rock excavation. Also, thereto-plastic markings were required by CALTRANS which were not included in the contract documents. Item 12, in the amount of $18,194.00, is for additional asphalt paving in the open cut area due to rock excavation and CALTRANS requirement for paving in two stages, not included in the contract documents. Except for Item 7, the above described changes would have been included in the original design if discovered or known in the design phase. Item 7 involves rework and the appropriate cost will be negotiated with the designer. If the Directors approve this change order, the total cost of the change orders to date on this contract will be $1,192,665.00 and 14 calendar days time extension. This represents an increase of 36% over the original contract amount. Of this added amount, 22% is for costs associated with undisclosed rock, 3% for the work for the City and the remaining 11% for miscellaneous undisclosed utilities. Staff recommends approval of Change Order No. 5 for an addition of $303,271.00 to the contract with Silveri 6 Le Bouef. There is no time extension associated with this change order. -8- October 14, 1992 DISTRICT 7 9(f): APPROVAL OF CHANGE ORDER NO. 3 TO RELOCATION OF MICHELSON PUMP STATION, CONTRACT NO. 7-11-2, AND ACCEPTANCE OF CONTRACT AS COMPLETE. Contract No. 7-11-2, Relocation of Michelson Pump Station, provides for construction of a reinforced concrete raw sewage pump station, a sewer force main, and gravity sewers and appurtenances in Michelson Drive and easements from Von Kaman Avenue east to Carlson Avenue, all in the City of Irvine, at a cost of $1.9 million. The contract is now complete. (1) Change Order No. 3 Change Order No. 3 is a net addition of $73,000.00 to the contract with Mitchell Pacific Constructors, Inc. for one item of additional work. This item is the result of additional time being required to construct the sewer line caused by reduced working hours. The contract documents, specifically Section 113-6 of the Detailed Specifications, stated that all construction activities related to a new sewer line in Michelson Drive, City of Irvine, would be limited to weekdays between the hours of 7 a.m. and 5 p.m. The Districts' construction permit was approved by the City with the above authorized work hours. The employee who approved and signed the Districts' plans, including all traffic v control plans, subsequently left the employ of the City. After the award of the contract and during the preconstruction meeting, the City of Irvine verbally directed the District's contractor to change the working hours to between 9 a.m. and 3 p.m. This extended the job, reduced the hours of productive work per shift, and increased the cost of work. If the Directors approve this change order, the total cost of the change orders to date on this contract will be $122,925.00. This represents an increase of 6.7% over the original contract amount, and includes $34,897.00 (1.95) in added work which will be paid by the Irvine Ranch Water District under Change Order No. 1. Staff recommends approval of Change Order No. 3 for an addition of $73,000.00 to the contract with Mitchell Pacific Constructors, Inc. There is no time extension associated with this change order. (2) Acceptance of Contract as Complete Mitchell Pacific Constructors, Inc. has fulfilled all contractual obligations within the specified time. Therefore, staff recommends adoption of the resolution attached to the r r -9- October 14, 1992 agenda material, authorizing acceptance of the work as complete, execution of the Final Closeout Agreement and filing of the V Notice of Completion as required. The final project cost is $1,950,061.00. 9(g): AWARD ABANDONMENT OF RED HILL PUMP STATION, PHASE 1, CONTRACT NO. 7-14-1-1. In August, the Directors approved the plans and specifications for Contract No. 7-14-1-1 which provides for the gravity sewer connection as the first phase necessary for the future abandonment of Red Hill Pump Station in the Tustin Hills. This is part of District No. 7's plan to eliminate and abandon nine pump stations in the area, made possible by the recent construction of the Harvard Avenue Trunk Sewer (HATS) by Irvine Ranch Water District (IRWD) in Peters Canyon Wash, and by the Director's approval of a capacity acquisition/flow accommodation agreement with IRWD in June which allows District No. 7 flows to enter into the IRWD system. Final abandonment (Phase 2) must await completion of certain local tract sewers tributary to HATS by various developers. On September 15, 1992, ten bids were received for said contract. The bids ranged from a high of $137,410.00 to a low bid of $90,732.00, submitted by Silveri 5 Le Bouef JV. A complete bid tabulation is attached to the supporting agenda materials. Staff recommends award to Silveri 5 Le Bouef JV for their low bid of $90,732.00. The engineer's estimate was $140,000.00. ALL DISTRICTS 11: REPORT AND RECOMMENDATION OF FISCAL POLICY/EXECUTIVE COMMITTEES. The Fiscal Policy Committee and the Executive Committee met jointly on September 23, 1992. Enclosed for the Directors is a written report on their deliberations and recommendations for consideration by the Boards. 12: REPORT AND RECOMMENDATION OF FISCAL POLICY COMMITTEE. The Fiscal Policy Committee met separately on September 28, 1992. Enclosed for the Directors is a written report on the Committee's deliberations and its recommended action for consideration by the Boards. 13: CHANGE REGULAR NOVEMBER JOINT BOARD MEETING DATE TO NOVEMBER 18, 1992. The regularly scheduled November Joint Board Meeting falls on Veteran's Day, Wednesday, November 11, a legal holiday. It is therefore -10- October 14, 1992 appropriate to change the regular meeting date to the following Wednesday, November 18, 1992 at 7:30 p.m. 14: AGENDA FOR CLOSED SESSION. From time to time it is necessary for the Boards to convene in closed session to consider purchase and sale of real property, potential or pending litigation, personnel matters or other matters which are exempt from public disclosure under the California Public Records Act. In order to avoid a situation where a closed session is needed but does not appear on the agenda, this standing item is placed on the agenda each month providing for a closed session at the regular meeting, if deemed necessary by the Boards. DISTRICTS 5 AND 6 28: APPROVAL OF ADDENDUM NO. 1 AND AWARD OF IMPROVEMENTS TO BITTER POINT AND ROCKY POINT PUMP STATIONS, CONTRACT NO. 5-32, AND IMPROVEMENTS TO BAY BRIDGE PUMP STATION, CONTRACT NO. 5-33. In August, the Directors approved the plans and specifications for Contracts Nos. 5-32 and 5-33 to upgrade and modernize three of our older pump stations in Newport Beach along Pacific Coast Highway. Each pump station will receive major electrical upgrades and some other work, but the Bay Bridge Pump Station, completed in 1966, will receive major mechanical, seismic and architectural upgrades as well. v (1) Addendum No. 1 Addendum No. 1 to the plans and specifications makes several technical clarifications as a result of questions during the bidding or phase. (2) Award of Contract On September 15, 1992, six bids were received for said contract. The four lowest bidders all made mathematical errors in their bids and when the corrections were made, the low bidder was Uhler, Inc. The bids ranged from a high of $1,989,000.00 to a low of $1,765,757.00, submitted by Uhler, Inc. A complete, corrected bid tabulation is attached to the supporting agenda material. Staff recommends approval of Addendum No. 1 , and award to Uhler, Inc. for their corrected low bid amount of $1,765,757.00. The engineer's estimate was $1,850,000. -11- October 14, 1992 ' DISTRICT 5 `i 31: APPROVE PLANS AND SPHCIFICATIONS FOR SOUTH COAST TRUNK SEWER, PHASE 2, CONTRACT NO. 5-35-2. In March 1988, District 5 entered into a financing and construction agreement with Irvine Ranch Water District (IRWD) which provided for funding of the South Coast Trunk Sewer by IRWD. The South Coast Trunk Sewer, will serve the new downcoast development by The Irvine Company located south of Corona del Mar. In May 1988, the Directors awarded a professional services agreement (design contract) to The Keith Companies for design of the project. During 1989, it became apparent that the South Coast Trunk Sewer would have to be split into two phases because The Irvine Company needed to proceed with connection of facilities for the Pelican Point Golf Course and for units in the proximity of Newport Coast Drive; and that new plans for the design and construction of improvements and widening of Pacific Coast Highway through the Crystal Cove area would change the long planned alignment of this project south of Newport Coast Drive. Phase 1, approximately 4,700 feet of sewer between the southerly city limit and a point south of Newport Coast Drive, Contract No. 5-35-1, was completed in January 1991. Phase 2, Contract No. 5.35.2, approximately 7,450 feet of sewer beginning south of Newport Coast Drive to a point south of Crystal Cove is now ready to proceed. Because the South Coast Trunk Sewer takes the same alignment as Pacific Highway (PCH), and because the realignment and widening of PCH through the Crystal Cove area was delayed by the new highway alignment, South Coast Trunk Sewer, Phase 2, was concurrently delayed. Sri Contract No. 5-35-2 was originally planned to be included in a larger County of Orange construction project for improvements to Pacific Coast Highway as a separate (but deletable) bid item. However, when bids were received, the bid item for the District 5 work was considerably higher than anticipated. Therefore, staff has decided to notify the County to delete this from their contract. Because this project will now be a District 5 contract, additional work on the plans must be done in order to accomplish this. The funding for this work will be in accordance with the 1988 agreement with IRWD which provides for IRWD reimbursement of construction costs after project completion. Staff recommends approval of the plans and specifications and authorization for the General Manager to establish the bid date for Contract No. 5-35-2. The bid date is tentatively set for November 10, 1992. The engineer's estimate for this work is $2,3000000. -12- October 14, 1992 DISTRICT 7 34: APPROVE RESOLUTION OF NECESSITY TO ACQUIRE BY EMINENT DOMAIN AN EASEMENT PERTAINING TO ABANDONMENT OF OVERBILL PUMP STATION, CONTRACT NO. 7-14. In February 1990, the Directors approved a professional services agreement with Boyle Engineering Corporation for design and construction services regarding Abandonment of Nine District No. 7 Pump Stations, Contract No. 7-14. These pump stations are all located in the Tustin Hills portion of District 7 and currently pump wastewater westerly over the hills, but would otherwise drain easterly towards Peters Canyon Wash and the Irvine Ranch Water District's (IRWD) recently constructed Harvard Avenue Trunk Sewer (HATS), currently in District No. 14 and IRWD. In December 1991, the Directors approved a reimbursement agreement with IRWD for construction of two sewer laterals to HATS along with IRWD's construction of their latest reach of HATS through Peters Canyon Wash. These two laterals are for future gravity sewer connections to allow the abandonment of the Bent Tree and Overbill Pump Stations. In June 1992, the Directors approved another agreement with IRWD for District 7 to purchase 3.92 MGD of capacity in the HATS to accommodate flows redirected by the future abandonment of District 7 pump stations. It will be possible to abandon most of the District 7 pump stations as soon as the latest reach of HATS is completed and the additional infrastructure (roads and local sewers) is built to allow District 7 to physically make the connections. Bent Tree and Overbill Pump Stations require easements to be acquired to complete the link between District 7 and the HATS project. The Irvine Company has already granted to District 7 one permanent easement for the Bent Tree lateral and another for the Overbill lateral. However, a second easement is necessary for abandonment of the Overbill Pump Station over a portion of Lot A of Tract 5369 which appears to be owned by Trailside Homes, a Joint Venture. Lot A is a common lot, not developable. Trailside Homes granted an irrevocable offer to dedicate Lot A to the County of Orange in 1979 for park purposes but the offer was never accepted. Thus, Trailside Homes may still be the owner, however, property taxes have not been paid and the firm may no longer exist. The former partners of the Trailside Homes joint venture, Cameo Homes and Lucas Development, deny that Trailside Homes exists and will not individually or collectively grant to District 7 the required easement. The Districts have offered to purchase the easement at fair market value (about $2,500), far less than taxes owing on the parcel (about $15,000). It is therefore necessary to proceed with eminent domain proceedings. -13- October 14, 1992 The recommended action is to conduct a hearing and then consider approving a resolution of necessity to acquire described easement for sever purposes. A copy of the resolution is included in the attached agenda supporting documents. y4Svester Ge raer JWS:jt -14- RE: AGENDA ITEM N0, 11 COUNTY SANITATION DISTRICTS of ORANGE COUNTY. CALIFORNIA 1CHC ELU6 AVENUE September 23, 1992 PO BOX 11127 FOUNTAIN VALLEY.CALIFORNIA 927PO-8127 mn 9924411 REPORT OF THE EXECUTIVE/FISCAL POLICY COMMITTEES Meeting Date: September 23, 1992 - 5: p.m. EXECUTIVE COMMITTEE: FISCAL POLICY COMMITTEE: Present: Present: William D. Mahoney Joint Chairman Charles E. Puckett, Chairman Evelyn Hart Vice Joint Chairman James V. Evans Buck Catlin Past Joint Chairman John M. Gullixson Norman E. Culver Past Joint Chairman Evelyn Hart Dan Griset Chairman, District 1 Peer Swan Ruthelyn Plummer Chairman, District 5 James Wahner James A. Wahner Chairman, District 6 Grace Winchell Charles E. Puckett Chairman, District 7 Grace Winchell Chairman, District 11 Absent: John M. Gullixson Chairman, District 13 Peer A. Swan Chalrman, District 14 Don Griffin Don Roth County Supervisor Iry Pickler Roger Stanton County Supervisor �..i Absent: STAFF PRESENT: Don R. Griffin Past Joint Chairman J. Wayne Sylvester, General Manager Hank Wedaa Chairman, District 2 Tom Dawes, Director of Engineering Sal A. Sapien Chairman, District 3 Blake Anderson, Director of Technical Services Gary Streed, Director of Finance OTHERS PRESENT: Ed Hodges, Assistant Director of Maintenance Thomas L. Woodruff, General Counsel Corinne Clawson, Public Information Ed Long, Mudge Rose Officer John Coan, PaineWebber Patti Gorzcyca, Financial Manager 1) Interest Rate Monitoring/Summary of Swap Earnings. The financing team gave a report on the interest cost and investment earnings of the 1990-92 Capital Improvement Program, Series A, B, and C Certificates of Participation (COP) issues to the Directors. The attached staff report (pink) provides the details for the following summary and presents the three-year SWAP earnings and reversal analysis: (1 of 7) Executive/Fiscal Policy Committees' Report September 23, 1992 Total Net True COP Interest Interest Interest Interest Issue Paid Earned Earnings Cost SERIES A $ 5,822,964 $ 8,678,228 $2,855,263 (1.5780%) SERIES B 10,976,372 9,290,210 (1,686,161) 1.0888% SERIES C 83,033 140,869 57,836 3.0931X COMBINED $16,882,369 $18,109,307 $1,226,938 JL.0583%1 Following the report, the Directors discussed the desirability and potential of reversing the 3-year SWAP related to 1991 Series B issue. A special meeting of the Fiscal Policy Committees was called for Monday, September 28, 1992, to consider the SWAP reversal. (See separate Report and Recommendation of the Fiscal Policy Committee's September 28 meeting.) 2) Refunding Certificates of Participation, 1992 Series. In July, the Boards of Districts 1, 2 and 3 authorized a financing team consisting of PaineWebber, Underwriter; Mudge Rose and Rourke 8 Woodruff, Co-Special Counsel ; Orrick Herrington and Sutcliffe, Underwriter's Counsel ; and staff, to study possible advance refunding of the Districts 1, 2 and 3 1986 $117 million COP issue. The restructuring was proposed because it could potentially save the Districts a considerable amount of interest expense. Work on the proposed restructuring was authorized to proceed with final authorization subject to further approval by the Boards of Directors. The financing team has continued to evaluate and develop restructuring and has concluded that in addition to the initial proposal to advance refund the 1986 Districts 1, 2 and 3 issue, it would be advantageous to also include a portion of the 1991 Series B issue. Therefore, the proposed restructuring would now include Districts 1, 29 3, 5, 6, 7 and 11. The total estimated savings of the proposed restructuring is now estimated to be $9,986,507 and the estimated net present value savings is $6,005,847. The savings are dependent upon the interest rates at the time of the refunding. The enclosed staff report (tan) summarizes the advance refunding alternatives, describes the proposed structure and summarizes the necessary recommended actions. The financing team brought this matter to the Committees for review and consideration in the event the Directors desired to proceed with the restructuring in advance of the approaching national election. The financing team gave a presentation on the proposal (the Presentation Booklet is enclosed) and submitted an updated Refunding Comprehensive Numerical Analysis (the bound report is also enclosed). (2 of 7) Executive/Fiscal Policy Committees' Report September 23, 1992 Committees' Recommendations: Following considerable discussion pertaining to the proposed advance refunding, the Committees recommend proceeding. Accordingly, the following actions are necessary: - Approve resolutions authorizing Refunding Certificates of Participation, 1992 Series, pursuant to the Boards' adopted long-range financial plan, by each respective District in the principal amounts indicated below and aggregate principal amount not to exceed $170,000,000. District COP Maximum Amount 1 $29,500,000 2 63,500,000 3 59,500,000 5 7,000,000 6 2,250,000 7 5,500,000 it 2,750,000 Note: Said resolutions also: - Approve and authorize printing and distribution of the Preliminary and Final Official Statement (informs potential investors about the terms and conditions of the financing). - Authorize payment to the credit rating agencies, Standard and Poor's and Moody's (estimated amount $30,000 each). - Authorize completion of the following legal documents: Agreement for Acquisition and Details Districts' participation, Construction and projects requirements. Assignment Agreement Allows Trustee to pay investors. Trust Agreement Specifies terms for Trustee. Escrow Agreement Sets forth the duties and responsibilities of the escrow agent. Certificate Purchase Agreement Sets for terms and conditions of sale between Districts and Underwriter. (3 of 7) Executive/Fiscal Policy Committees' Report September 23, 1992 Interest Rate SWAP Agreement Sets forth terms and conditions of interest exchange between Districts and counterparty. Liquidity Guarantee Agreement Guarantees a liquidity facility at 25 basis points annual fee. Guarantee of American Guarantees performance on SWAP International Group, Inc. Agreement Offering Statement Informs potential investors about the terms and conditions of the financing. Standby Bond Purchase Agreement Sets forth the terns and conditions of the liquidity facility. Remarketing Agreement Sets for the duties and responsibility of the remarketing agent. - Authorize execution and delivery of synthetic fixed rate advance refunding COP's, subsequent to the negotiation process, with final terms to be determined by finance team but not to exceed a par amount of $170 million and a teen of 25 years. - Authorize underwriter' s (PaineWebber) fees not-to-exceed $3.50/$1,000 certificate for synthetic fixed rate transaction. - Authorize selection of State Street Bank and Trust Company as Trustee Bank (estimated gross fee over 21-year life of issue is $70,080). - Select KPMG Peat Marwick as verification agent (fee is $3,500). - Authorize selection of AMBAC as municipal bond insurer (fee is 27 basis points). - Approve Master Interest Exchange Agreements (SWAPS) and approve liquidity facility with AIG. - Authorize execution and delivery of COPS. - Approve a Mutual Benefit Advances Agreement, sometimes referred to as a "cross-collateralization agreement", between the participating Districts. (4 of 7) �--� Executive/Fiscal Policy Committees' Report September 23, 1992 In addition the following action is necessary: - Authorize the finance team to determine and implement the best combination of the debt financing alternatives to obtain the most favorable overall terms and conditions for the Refunding Certificates of Participation, 1992 Series, based on the market conditions during the transaction time frame (anticipated to be on or about October 20, 1992) ; and authorize District Chairmen or Chai men Pro Tem, Board Secretary, General Manager, Director of Finance, General Counsel and any other duly-constituted officer or agent to execute any and all documents necessary and advisable to effectuate the transaction. Finally, the July 8, 1992 authorization to engage the consulting members of the financing team was taken only by Districts 1, 2 and 3 because they were the only Districts involved in the proposed restructuring at that time. However, because Districts 5, 6, 7 and 11 are now also included, it is appropriate to have all of said Districts now act to engage the consulting members of the financing team and to rescind the original action. There is no change in the fees or terms of engagement. Accordingly, the following actions would effect this change: (a) Adoption of Resolution approving Letter Agreement with PaineWebber, dated June 30, 1992, for underwriting services, for an amount not to .... exceed $8.50 per $1,000 certificate, for a fixed-rate restructuring, or $3.50 per $1,000 certificate for a synthetic fixed-rate restructuring, and rescinding Resolution adopted in July. (b) Adoption of Resolution approving Letter Agreement with Mudge Rose Guthrie Alexander and Ferdon, dated June 18, 1992, for special Co-Special Counsel services, based on per diem rates, for an amount not to exceed $80,000 for a fixed-rate issue, plus an amount not to exceed $30,000 for the additional synthetic fixed-rate work, plus expenses and rescinding Resolution adopted in July. (c) Adoption of Resolution approving Memorandum Agreement with Rourke 8 Woodruff, dated June 30, 1992, for Co-Special Counsel services, for a maximum fee not to exceed $15,000, and rescinding Resolution adopted in July. (d) Adopting a motion authorizing the engagement of Orrick Herrington as underwriter's counsel , and providing for the cost of said services to be included in the cost of issuance paid to PaineWebber, and rescinding Minute Order of July 8, 1992. (5 of 7) Executive/Fiscal Policy , Committees' Report September 23, 1992 3) Public Information Program Re Seizure of Districts' Property Taxes by the State. At the regular September Joint Board Meeting the Boards directed staff to develop a public information program explaining the need to raise Districts' sewer use fees to recover the property taxes confiscated by the State. Staff reviewed the following summary information on various public information options, including a draft of text that could be used for an ad or direct mail piece and estimated costs, exclusive of Districts' staff time: FULL PAGE NEWSPAPER AD Register Times, OC Metro Section Section Total Mon. - Sat. Circulation 350,000 210,000 460,000 Mon. - Sat. Cost (one day) $15,000 $4,500 $19,500 Sun. Circulation 400,000 292,000 692,000 Sun. Cost $17,000 $5,300 $22,300 *Expected Exposure: 10-15 percent readership of total circulation DIRECT MAIL PIECE First Class** Bulk Rate Printing $ 13,572 $13,572 Mailing 8 Postage $121,308 58,311 Total Cost $134,880 $71,883 **Because of anticipated timing of the tax bill mailings (mid-October) , It may be desirable to mail first class. (6 of 7) Executive/Fiscal Policy Committees' Report September 23, 1992 r.. VIDEO PRODUCTION To provide to local access cable stations. Could also be used for follow-up presentations for groups expressing interest. Video would consist of presentation by Joint Chairman and voice-over footage of treatment plants, communities and environmental scenes. Cost for 5-8 minute video - En 'Expected exposure - random viewing RADIO AIRTIME Public Service Announcements - Radio stations will accept written PSA's and air them as they choose, at no cost. Paid Ad - We can submit copy for broadcast and exercise some control over airtime, at a cost of between $85-100 per minute. r.. 'Expected Exposure - fairly low UTILITY BILL STUFFER We have pursued this option in the past and the utilities have not been receptive at all . *Based on information from media consultant Comnittees' Action: Following the report the members of the Committees discussed the costs and relative merits of the alternatives at considerable length and then directed staff to proceed as follows: 1. Produce a one-page hand out and provide a supply to each Director at the October 14 Board meeting. 2. Produce a 5-8 minute video to be provided to local cable stations and available to Board Members, and special interest groups for showing. JWS:sc Enclosures (7 of 7) COUNTY SANITATION DISTRICTS of ORANGE COUNTY. CALIFORNIA September 17, 1992 1B Ews AVENUE Po BDX8127 NCUWMN VLL Y.MIFONNIA 92728.6127 01A1962RA11 STAFF REPORT 1990-1992 Capital Improvement Program Certificates of Participation Monitoring The Districts' financing team continues to monitor the interest cost and investment interest earnings of the 1990-92 Capital Improvement Program COP issues, including the three-year SWAP transaction. The enclosed schedules show the net interest earnings to date of the Series A and C variable rate COP issues, the reduced interest cost of the Series B fixed rate COP issue and the past and potential earnings of the SWAP. SERIES A. B AND C NET INTEREST COST SUMMARY The Estimated Series A Net Debt Service to Date schedule (blue) indicates that while the variable daily interest rate paid by the Districts since December 1990 has ranged from 1.00% to 9.75%, the average has been 3.136%. Overall interest earnings on the Series A proceeds, including the reimbursement amount for 1989-90 improvements, on deposit with the Orange County Treasurer, continue to exceed interest costs, resulting in a net positive cash flow. The Estimated Series B Net Debt Service to Date schedule (gold) displays the net interest cost of the fixed rate issue. There are three types of investment earnings on this transaction: Interest earned on unspent proceeds deposited with the Trustee or the County, interest earnings on the ten-year Guaranteed Investment Contract (GIC) for the debt service reserve fund, and net SWAP earnings Idiscussed below). The Estimated Series C Net Debt Service to Date Schedule (white) indicates that the average variable daily interest rate paid by the Districts since September 1, 1992, has been 2.759%. Overall interest earnings on Series C proceeds, including the reimbursement amount on deposit with the Orange County Treasurer, as well as earnings on proceeds invested by the Franklin and Fidelity funds, exceed interest costs, resulting in a net positive cash flow. The pertinent interest cost, investment earnings and resulting all-in true interest cost (TIC) figures for each issue and for all issues combined through September 17, 1992, are summarized below: 1990-92 COP Monitoring Page 2 September 17, 1992 COP Total Net True Interest Interest Interest Interest Paid Earned Earninas Cost SERIES A $ 5,822,964 8 8,678,228 $2,855,263 (1.5780%) SERIES 10,976,372 9,290,210 11,686,161) 1.0888% SERIES C 83,033 140,869 57,836 (3.0931%1 COMBINED $16.682.369 $18.109.307 $1 .226.938 (1,0583%) SWAP EARNINGS SUMMARY The enclosed Summary of Weekly Analyses (pink) for the Districts' three-year SWAP transaction summarizes that transaction's performance to date. The SWAP continues to perform exceptionally well, producing a $3,027,680.51 net profit to the Districts through September 15, 1992. Column D reports the accumulated net earnings to date while columns E and F report the potential total net earnings. Potential earnings in column E are calculated using the average J. J. Kenny Index from column H and the higher earnings reported in column F assume the current below average index reported in column G will continue for the remainder of the SWAP. The Summary of Reversal SWAP Analyses and the 3-Year SWAP vs. Current Reversal u Profits (green) have been prepared for use in evaluating the termination of the existing SWAP by executing a Reversal SWAP. The reports indicate that the potential profits from a Reversal SWAP are currently $4,441,265.90. If the J. J. Kenny Index, currently at 2.98%, is expected to remain below the 3.33% current reversal rate, the current SWAP has a higher present value than the Reversal SWAP and should be continued. PG:Ic 11EF:FPC.Mfa\SPFPCB.�O [; MAN u6 ASKS 6 CO. Draft Detect Si; 0,......................................... W/17/92 000,000 cant. Senimtla Db<rl[tt 01 Orange Corner cotill ceta 9f 9ert icipetl9n IBADttl Series Mnt 9rar. 1W0.92 Serifs% ............................................ ESTIMATED SERIFS A M61 DEBT SERVICE TO DATE A B C D E P 0 M I A E 4 M Interest Cate Imsetant I.What ...................................... ............................................................................................... '-- ---- Principal OuateMing -- PrOceede Imeited WIlh Iratee ..- Proceeds Inueted With Cant. ..... ........ ....... ...... .. . ........ Principal An. brl edit Unspent 9raee!. AVB• M1r10di[ Pel�,rreeant.....A.p. 9eri[dl[ ImaMotel Net teent Tint Cost)/ A(1-In OOste,tling Tld(1) DWt 6rWc. W Trustee Yield Eernlngs ANN. W/ Cant.lleld(2) Untinge 4rnings Int Earnings 711, .............. ....... ............. .............. ....... ............ .............. ....... ............ ............... ............. ............. 12/0 1" -- 12/31/90 ST00,RED m S.M% A24,9M 54f,T3,00 T.50% S264,225 569,f3,00 S.mn% SJ09,610 $574,035 S149,130 (1.813225%) 01/01/91 -- 01/31/91 10,000,Ong 3.155% 262,R00 f0,0S,00 6.9110% 232,479 49,83,00 S.890% 369,52E 602,00E 339,106 (4.123081%) 02/01/91 -- 02/28/91 100,000,000 2.616% 218,00 35,277,000 6.506% 191,260 49,00,000 5.8m J61,696 559,956 341,943 14.15T63S%1 0/01/91 -- 03/31/91 100.000,000 3.716% 39,69E 22,054,000 6.325% 116,243 49,880,000 9.00Y 10f,100 W0,14J 180,60 R.19668iY1 04/01/91 -- 04/30/91 100,000,000 3.36m 23,55E 13,066,000 6.105% 66,392 f9,63D,000 6.610 35T,869 424,261 1f3,TT2 (1.74T228%) 0/01/91 -- 0/31191 10,000,000 3.619E 301,617 B,DO1,000 S.899t 39,2m 49,f3,0D B.%0 354,979 394,2N 92,m (1.12"71%) 06/01/91 -- 06/30/91 100,000,000 1.35% 210,IIT 3,017,000 5.901E 11,11% 49,f3,000 6.210 341,262 356.114 T5,692 (0.9m3T3%) 07/0119, -- DTp1/91 100,000,000 3.566E 29T,in 0 M/A 0 49,860,00S E.120 337,521 337,521 40,S R (0.490558%) 011/01/91 -- 05/31/91 100,000,000 3.50% 324,867 0 MIA 0 W,W0,000 8.110 337,10 331,I0 12,iI9 IO.140mE) 09/01/91 - 09/30/91 10QOOg00 1.f65% 405,417 0 AIR 0 49,660,000 8.f3% 352.05 352,<ES (52,931) 0.643575% 10/01/91 - Wat/91 100,000,000 3.927E 327,20 0 MIA 0 49,WD,000 a.133 337,937 337,937 1Q654 (O.IM34%) 11/01,91 - 11/30/91 100,000,000 3.53E 296,66T D MIA 0 49,880,000 8.13" .337.937 337,07 41,2m (0.501792%) W101/91 - 12/31/91 100.000,000 4.137% S43,m8 0 MIA 0 49,680,000 8.110% 337,10 33T,I0 T9,653) (O.W3046%) 01101,92 - 01/31/92 10D,000,000 2.069E iT2,446 0 MIA 0 49,E60,000 9.30E 3E6,Sm 3E6,520 214,124 (2.S3f65%) 02/01/92 -- 02/29/92 100,000,000 1.989I1 10,718 0 MIA 0 49,680,000 9.290ll SAW, 154 TELL 154 220"m (2.660m6%) 0/01/92 -- 03/31/92 IDg000,000 2.E66% 238,044 0 VIA 0 f9,ND,400 9.f60% 393,221 393,221 154,372 ma m14%) 04/01/92 -- 04/3D/92 100,000,000 3.ESm 305,556 0 AIR 0 49,880,000 9.300% 386,570 SE6,Sm 61,014 (0.985028%) 0/01/92 -- 05/31/92 100.000.000 3.184E 265,323 0 MIA 0 19,00,00 9.150E 33,335 I3,335 115,012 (I.H8398%) 06/01/92 -- 06/30/92 100,000,000 1.867% 155,558 0 VIA 0 49,660,000 9.090E 3TT,010 39,010 221,451 (2.692554%) DT/01/92 -- 07/31/92 IOO,OOD,ODO 1.524% 152,01E 0 MIA 0 49,00,000 9.050E 3T6,1m 3T6,1m R4,162 (2.225514%) 0101/92 -- OW31/92 100,000,000 2.234% 1f6,198 0 MIA 0 49,wO,000 9.%" 375,763 375,763 1f9,565 (2.30405%) 09/01/92 -- W117192 10,00,000 2.T53% 107,059 0 AIR 0 f9,0O,00 9.040 1m,356 175,156 0,2W (0.8332%) ......... ............ ............ ............ ........------- ............. ..-.......... 3.136E f5,B22,96f 1924,7f4 S7,ns,513 0,678,228 S2,Bf5,m (I.5711000%) MERR1l% %1RCR %0. ........................................ ............. 17 C1.4"S ODOetl.DIrtrICb of 01.1. C.tY Drlft DrtM CDPE -- CePitel IMr09emmt Program 0/11/92 19Po-W ferlo e ............................................................. ESTIMATED SERIES 8 NET DEBI SERVICE 10 OIS A B C D E 1 0 M 1 B IOtenit C.D. Imamtront ElmiM! ............ ....................... ................................................................................ hlM i yl D9tEtEMIM PrmEe6M invotM RIt6 Imetm 9rmeMr ImamtM with CwnTV .................................... ...................................... ...................................... Prlrcipl IIXW Periodic Debt N Wt ProceMr Arrpp Plr Imic Nlrtunlwnt Ay. PerlMl! WpteMTM Rete Service / Irmtee IIe10 EernIME Ant. R/ CauntY TblO ElrnlMe .................................... ......................... ............ ......................... ............ O1/28/92 -- 02/03/92 10,555,000 6.86O 1A,4O 17,674.1% 4.MIT 43,825 12,368,000 9.100 22,09 02/M192 -- 02/10/92 11T,555,0O 6.86O 156,60 Q,6T4,1% f.264Y 38,9m 12,368,000 9.M 22,05 02/11/92 -- OU17/92 111,555,00 6.860% 156,80 0,653,195 4.264% ST.153 12,368,00 9.290 22.05 02/13/92 -- 02/24/92 117,555,0O 6.B6n 156,805 46,651,795 4.164% 38,153 12.3M,000 9.290 22,05 02/25/92 -- O3/02/92 117,555,000 6.WX 129,2M 42,80,60 4.264i ]5,0)8 12,368,000 9.2PoX 22,05 0/03/92 -- 03/W/92 117,555,000 6.8601 156,805 42,80,60 4.223% 34,142 12,3O,W0 SAM 22.439 0/10/92 -- 03/16/92 117,555,000 6.86O 156,8O 41,6n.in 4.223% ]],159 12,M.00 9.460 22,439 0117192 -- 03/23/92 117,555,000 6.WX 156,80 41,679,in 4.223% 33,759 12,3O,W0 9.460 22,139 0/24/92 -- 03/30/92 117,555,000 6.WX 156,00 31,8O,240 4.2OX 10,60 12.M.000 SAM 22,439 03/31192 -- %IM/92 111,555,00 6.80% ni,4O 3T,EST 240 4.0OY 29,60 12,368,000 9.1OY 22,09 O/W/92 -- M/13/92 11),555,00 6.80% 156,05 l),022,O) 4.0O% W,026 12,5615 9.30; 22,09 U/14/92 -- O4/20/92 117,555,000 6.W% 156,W5 37,022,07 4.0W% 29,026 12,368,000 9.I0O 22,09 O /21/92 -- 04/2)/92 117,555,000 6.W% 156,05 33,696,50 4.00% 26,418 12,368,000 9.300% 22,09 0/BM -- 0/04/92 111,555,00 6.80% 156,80 33,696,5O 3.90% E5,642 11,368,000 9.15m 21,10 O1mm -- 0/11/92 117,555.00 6.BWR 156,05 32,W1,512 3.968% 24,30 12,3m,000 9.150 21,10 OS/R/93 -- W/16/91 IV,555,000 b.BW% 156,05 R,O),512 3.91 24,361 12,3m,000 9.150 21,IO 05/19/92 -- 05/25/92 II7,555,000 6.00% 156,805 2),1n,26{ J.968; 20,90 12,30,000 9.150 21,M 0126192 -- 0/01/92 17 55,000 6.80% 1J4,O5 2),4n,M{ 3.960 20,90 12,368,00 9.150 21,M 0/0/92 -- 0/0/92 IV,S55,O0 6.860 156,805 2<,6OrPo) J.B%% IB,JW 12,16E,O0 9.010 21,51f O/W/93 -- O/I5192 1V,555,O0 6.8Oi 156,80 2{,6O,Po) ].88{% IB,1W IT.16B4OO 9.W04 21,01f 0/16/92 -- O122/92 117.555,000 6.860 156,05 24,6O,9W 3.884% 18,329 12,30,00 9.00 21,51f O/23/92 -- W/29/92 111,SSS,OD 6.860% 156,805 9,071,20 J.W% S,TINS 16,30,000 RATTAIL21,514 On0/92 -- 0i/%/92 117,555,000 6.B60% 156.W5 8,542,612 3.525% S,Tn 12,30,000 9.05O 21,4M 0/0/92 - 07/13/92 117,555,000 6.86O 156,805 0,SQ,6n 3.525X S'm 12,30,000 9.00 21,466 01/I4192 -- 0/20/92 117,555,000 6.80% 156,W5 7,916,590 3.525% 5.352 12,J68,000 9.050 21,466 07/21/92 -- 07/27/92 117,555,000 6.860 156,805 1,916,SW 3.525% 5,352 12.36N.O0 9.050 21,4M O/2B/92 -- 0/03/92 111,555,000 6.860 n4,405 T.U5,713 3.42n 4,6715 12,368,0O 9.00 21,442 O/W/92 -- OU10/92 117,355,000 6.860X 156,80 T,1211.713 3.422% 4,678 I2,360,000 9.00 21,U2 O/11/92 -- O5/11/92 11i,555,000 6.8O% 156,805 6,26i,iQ 3.Q2% i,tn 12,368,000 9.040 21,442 O/la/92 -- 0/24/92 117,555,000 6.860 156,805 6,267,TQ 3.422% 4,113 Ii,36B4O00 9.UM 21,442 0/25/92 - O/JI/92 1V,555,000 6.860 I4,405 5,6W,]Q 3.42n ].n5 12,368,ODD 9.WO 21,442 W/01/92 -- O/0T/92 111,555,000 6.BMX 156,8O 5,69Z,%T l.tin ],n5 IT,3O,000 p."a 21,U2 0/0/02 -- 0/14/W 11),555,000 6.860 156,805 5,6W,N7 1Qn 3,nS 12,368,000 9.040 21,442 W/15/92 -- O117/92 II7,555,000 6.B&D% 44,802 S,69E,UT J.tin 1,0T 12,368,000 9.00 6,126 f10,W6,1R 0,np,n5 O,Q.,1O MRRILL LYNCH 9 CO. ............................................................. 9117,555,000 CIO, onw Canty Sallatlm Ol.trla6 Or a.aaanty e C CM. -- CSeltat I.p0r6m{t 9rarm 0/12/92 19M-M wt..9 ............................................................ ES211Mt® SEEIES 6 IES Men SERVICE IC DATE -- VASE 2 E L 11 e 0 9 9 6 S ] .I. UrnIT .................................................................. . ......................... OIC E6rnlrye -.-------- fYU Urniry6 - ... . ......... ioal N., IMa.la6 AV Ra.. F tl Uatla Fl.M 9.t Imatant (Int C9et)/ 611-In 1a16) TI.10 In SIC Int, 9N0 InA 1K16 timing. !.miry. Inl. ry E.rnle IIC . ........... .. .......... .. ............ .... ....... ............ 01,28/92 -- 02/03/M 9,113,en e.010% 14,614 0.916 IM.6M 39,720 120,219 (14,1t6) 0.65M691 02/01,92 -- M/10192 9,513,en e.01M 14,614 M,6n 120.9M M,165 139.9M (16.M) 0.21,495n 02/11/92 -- 02/12/M 9,513,e5 e.01M U,614 54,6M IM.9M 66,215 IU,01e (15,)0?) O.n{MIS 02/15/92 -- 02/21 M 9,Sn,6n e.01M 11.614 59,910 120.9M 0.9M ISI,MI '19,0%) 0.O35O3C Oi/i5/92 -- 03/M/M 9,Sn,en S.01M 14,614 %,%9 1M,te1 %.131 ISS,e59 (n,%9) 1.00%0S 03103/M -- 01109 M 9,3O,6n e.01M 14,614 19,Ml 120,9M 91,522 1O,3n (13,02) 0.6245n9 M/10/92 -- OI/16/M 9.5O,6n 1.OI1 14,614 59,06 It0.Me 61,QM 1m OR (21,711) 1.1169ni 03/IZ/M -- 03/23/M 9.311,6n e.01M 14,6% 0,916 120,9M M,9n 129,SG 129,MU 1.%6Met 03121/92 -- 03/MN2 9,Sg6n S.MM 14,614 IS IU 120.m 41.9% 1M,4M C{2,306) 2.19%531 03/31/M -- 04/06/M 9,S13,en S.01M 14.614 n,N9 103.6M M,9n M,2M 139,1M) 1.725239% M/M/M -- U/II/M 9,Sq:1 S.OIM 14,614 n"Ims 120,MS ball 11,13 Ia2,MM 1.M9511 0/14/9 -- 04/M/42 tl,5 3 M e.01M 4,614 26,3M 12g9M U,553 110,62 (4 .553) 2.1%%M %/21/92 -- 04/22/M 9.513:1 1.01M 14:6 0,216 120,9M 10,02 103,96a (53,0M1 2.4651931 0{126/92 - M/M/M 9sn,US e.01M 14,N4 0,03 120,9M 39,475 99,135 153.390 2.O14MI( 0/0/92 -- 05/11/92 9sll,6xs S.01M 1t,O4 n,{ie 110,9M O,{e0 1M,1O ISz,6M1 2.U652n M112/M - M/1S/92 9,Sn,Rs S.01M 14,614 n,425 I20,Me O,4e0 IM,1O 6z,621) z.%652i1 Ml19192 -- M/n/M 9.Sn.625 S.01M tt,61{ n,2O 120,9M 4S,bn IM,%e (S1,95n i.50OOf M/26/92 -- M/01/M 9,513,625 S.01M 14,614 21,zM 103,6% 32"m e9,651 ({4,3%) 2.05Me1i 06/02/92 -- M/M/M 9,St1,62s i1.01M 11,614 66,225 120.9M %,03 IM.090 (Q,015) 2.21%9M M/M192 -- 06/I5/92 9,5U,Ui S.01M 14,614 M,61e 120,9M %.MI I1e,521 (M,2ID) 1.2N1Mi M/16/92 - 06/22/92 9,513,625 8.010% 14.614 %,6M 120.9M 0,215 120,672 (MOM) 1.629M21 06/23/92 -- 061M92 9,513,e25 8.01M 14,614 55,122 120.MS 65,n6 10,691 (48,135) 2.23"m 06/30/92 -- 09/06/92 9,513,615 O.OIM 1t,O4 0.401 12O.9M n,SM 115, 63 (U,U ) 1.9613R 02/0 /92 -- 07/13/92 9,S11,Os S.OIM 4 4 39,OM 120,9M el,en 123,72e (331On) I.5I79001 07/14/92 -- 09/M/92 9,513,625 e.01M 14.614 U.629 120,905 26,OM 1".514 (39.292) 1.616e21R 07/21/92 -- 07/27/92 9,513,05 8.OIM $".11 49.20 120.9M 31,1N 112,5e1 (1412n) 2.056196% 02/2e/92 -- 0/03/92 9,513,e25 8.010% 11.614 0,902 103,6M %.m M,4O (38.936) 1.e105051 M/04/92 -- 0/10/92 9,513,05 8.010% 11,611 49,33t 120.9M 21,Sn 112,312 I44.1") 2.0641679% 08/11/92 -- M/19/92 9.513,625 11.01M 14,01 50,O2 120.9M M,096 110.ZO (46sO) 2.164nn M/10/92 -- M/24/92 9,513,625 8.010% 14,04 50.M2 120,905 M'026 110,246 (4e,M) 2.160505 08/25/92 -- M/31/92 9.513,625 e.010% 11,614 5s,122 103.06 M,514 O.I06 (46.099) 2.1O31M M/01192 -- 09/07/92 9,513,625 8.0101, 14,614 M.963 120,906 6I. M 101,713 (55.O8111 2.M1R46% MINIM - M/tt/M 9,513,625 S.Oln 11,O4 61.122 IN.m Se.2S1 M,593 (19,232) 2.66056ft 09/15/M 09117/92 9.511.621 e.010% ,In IS.M2 M,%5 1e,214 27,653 (17,119) 0.197316e .. .. .. .......... ........ ......... ............ S1,%I,IM 0,O1042 M.4O,576 0,M2.4% $91200.210 M1,O6,M11 LOee%If RETAIL, LYECx A CO DINE, Deletl ............................................................. 09/17/92 Court. 6nitetioc Of=1 of grawm Calory COPS -- "� to,I.l Irpavmen[ Program 199E-92 Eerles C ESTIMATED SERIES C NET CEO? SERVICE TO DATE A S C D E S D A 1 J [ L A Interest cae[A Invn[aan[ EHniMs ------------------------------------ ----- _------------------------------- ................................................................................. Principal OutatanOlM Proceeds Invested RIM Srenklln Praceatls Invested with FidelityProcesses1.,w Rltp Cant .................................... ...................................... ...................................... ...................................... Principal AW. Perledit Dept aespent PreceeN Avvpp Perledic Unpent Proceeds AW. Pertedl[ Rolepuresment AW PHledie Ou[etatllM Yleed 6ervics / truces .IAItl EemiMe W Trust. Yield EamleEs ACA. W Canty IIa10 fern)Ms 09/01/92 -- 09/10/92 W0.S00.000 2.959R SW,055 S5A,440,591 5.S09S sW,Ttt S]0,At0,591 3.20>i Ai,Oa{ SI0.S99j" 9.040S Su,00f .....ii;;;i' ..... f6t.9 i Ui.BW .....M.m MERRILL ❑RCR A W. CYNIC NEW ............................................................. W112M SM.SW.WO Carver SanitationDistricts e Grange e Cnty COPS -- l Ivptes Program19 . WINE C ..ESTIMATED SERIES C NET DEBT SERVICE TO DATE -- PAR 2 9 0 P 9 R S ImestAAMt e.im ................................................... EeAeM Iu10 EeMim ................................... INTEL SEE Invested ApVB A. IIR16 Ianetmnl G. Cestl/ Atl-IA FUNS YIe10 Fidelity Eem1M9S INS,EsminpA TIC ............ ......... ............ ............ ............ ............ 09/0E/9 09116M S9,850,0010 E.261S t9.w $EEU.m 02,BM moos m ------------ ------------ ------------ ------------ S9.6W s140,869 S59,BM (E.MI394 A. JOC SUMMARY OF 3 YEAR SWAP ANALYSES A 8 C D E F G H SWAP PAYMENTS ACCRUED CSDOC POTENTIAL POTENTIAL AVERAGE ANALYSIS MADE BY SWAP PAYMENTS NET PROFIT PROFIT ASSUMING PROFIT CURRENT J.J. KENNY DATE CSDOC TO CSDOC TO DATE AVG. JJK to DATE ASSUMING J.J. KENNY 05/07/91 TO D-B+ Ino.Column D CURRENT JJK 7PRESENT 01/07/92 (2,811,795.68 3.727.197.32 916,401.64 3,954,533.94 7,697,685.42 2.77% 4.30% 01/14/92 (3,230,023.16 4,207,083.86 977,060.70 4,D96,135.39 8,312,737.01 2.52% 4.26% 01/21/92 (3,230,023.16 4,274,090.31 1,044,067.15 4,252.168.55 8,395,235.76 2.49% 4.21% 01/28/92 (3,230,023.16 4,341,738.67 1,111,716.61 4,399,349.23 7,230,837.09 2.98% 4.17% 02JD4/92 (3,230,023.16 4.381,632.37 1,151,609.21 4,482.411.43 8,025,818.05 2.64% 4.14% 02/11/92 (3,230,023.16 4.446.072.23 1,216,049.07 4,614.187.12 8,246,679.53 2.55% 4.10% 02/18/92 (3,484,37552 4,766.790.27 1,282.414.45 4,746,364.00 7,908,089.77 2.70% 4.06% 0?J25/92 (3,484,375.82 4,829,946.87 1,345,571.05 4,850.745.29 8,332,859.17 2,52% 4.03% 03/03/92 (3,485,299.39 4,914,225.75 1,428.926.36 4,974.172.30 8,862,506.56 2.30% 4.00% 03/10/92 (3,485,299.39 4,985,937.61 1,5OD,638.22 5,107,485.84 7,784,266.84 2.78% 3.96% 03/17/92 (3,711,87657 5.273,959.94 1,562,083.3E 5,206,503.75 7,343,663.84 2.98% 3.93% 03/24f92 (3,711,87657 5,331,127.04 1,619,250.47 5,277,777.52 5,768,555.54 3.69% 3.91% 03/31/92 (3,711,87657 5,355,835.23 1.643,958.66 5,289.244.46 6,415,969.16 3.39% 3.90% D4107/92 (3,711.87657 5,404,232.31 1,692,355.74 5,350,312.54 6,445,509.18 3.38% 3.88% 04/14/92 (4,007,603.36 6,748,570.61 1,740,967.15 5,389,D95.20 6,062,261.69 3.56% 3.87% 04/21/92 (4,007,603.36 5,795,684.65 1,788,081.29 5,404,446.96 6,684,284.78 3.74% 3.87% 04/28/92 (4,007,603.36 5,836,596.02 1,828,992.66 5,409,022.06 5,366,402.66 3.89% 3.87% 05/05/92 (4,007,60336 5,874,298.52 1,866,695.16 5,414,898.43 5,964,025.13 3.61% 3.87% 05/12/92 (4,007,603.36 5,886,781.59 1,879,178.23 5,395,525.58 6,232,751.13 3.47% 3,87% 05/19/92 (4,338,95887 6,296,032.10 1,957,073.13 5,462,275.57 6,188,206.07 3.51% 3.86% 05/26/92 (4,338,95897 6.341.862.68 2,002,903.71 5,496,551.45 6,585,747.51 3.32% 3.85% 06/02/92 (4,338,96897 6.385,681.07 2,046,622.10 5,507,944.07 7,055,358.59 3.09% 3.85% 06/09/92 (4,338,958.97 6,429.299.46 2,090,340.49 5,559,647.19 7,939,752.96 2.65% 3.83% 06/16/92 (4,661,636.06 6.816.202.30 2,154,566.24 5,631,D65.36 8,148.530,24 2.55% 3.81% 06/23/92 (4,661,636.06 6.882.567.13 2,22D,931.07 5,703,829.19 8,118.110.84 2.57% 3.79% 136/30/92 (4,661,636.06 6,948,503.99 2,286,867.93 5,770,514.52 8,823.598.04 2.21% 3.77% 07/07/92 (4,661,636.06 7.022.141.03 2,360,504.97 5.868,281.24 9,589.237.27 1.82% 3.74% 07/14/92 (4,893,988,43 7,336,472.57 2,442,484.14 5,973,210.76 9.081.785.28 2.09% 3.71% 07/21/92 (4,893,988.43 7,412,676.55 2,518,688.12 6.052,186.82 8,654,817.59 2.32% 3.69% 07/28/92 (4,893,988.43 7,483,960.71 2,589,972.28 6,125,443.67 8,739,435.81 2.28% 3.67% 08/002 (4,893,988.43 7,538,828.61 2,644,840.18 6,200,097.66 8.694.362.08 2.30% 3,64% 08/11/92 (4,893,988.43 7.610,540.23 2,716,551.80 6,271,987.89 8,574,731.47 2.37% 3.62% OEV18192 (5,097,09753 7.883,864.25 2,786,766.72 6,323,348.71 8,683.844.41 2.37% 3.61% 08/25/92 (5,097,09753 7.954,079.91 2,856,982.38 6,386,940.4/ 8.223.959.39 2.57% 3.59% 09/01/92 (6097,09753 8,002,744.32 2,905,646.79 6,433,503.82 7,716,360.92 2.85% 3.57% 09/08/92 (5,097,09753 8:064:830:89 2:967:733:36 6:475:058:46 7,728,415.66 2,85% 3.66% 09/15/92 (5,097,09753 8,359,686.78 3,027,680.51 8,514,052.18 7,507,668.11 2.98% 3.55% C ( ;SDOC 3 YEAR SWAP ANALYSIS SUMMARYOF R EVER SALANALYSES A B C D POTENTIAL CURRENTAVERAGE ANALYSIS DATE REVERSAL PROFIT REVERSAL RATE 3 YEAR FIXED PAYOR 617/91 to PRESENT 01/07/92 3,776,20&00 4.01% &28% 01/14/92 3,105,738.91 4.27% &27% 01/21/92 3,300,45205 4.18% 5.26% 01/28/92 Z994,843.88 4.29% 5.24% 07J04/92 Z798,453.23 4.37% 5.23% OZ/11/92 Z674,147.00 4.41% 5,23% O2118/92 Z551,319.52 4.46% 5.22% OZF25/92 9234,773.08 4.58% 5,22% 03/03/92 Z154,656.68 4.60% 5.19% 03/10/92 Z015,77224 4.66% 5.17% 03/17/92 1,511,506.21 4,87% 5.16% 03/24/92 1,578,999.22 4,94% 5.14% 03/31/92 1,849,600.83 4.70% 5.14% 04/07/92 Z307,661.75 4.49% 5.12% 04114/92 Z688,224.49 4.31% 5.10% 04/21/92 Z441,426.07 4.42% &08% 04/28/92 Z485,124.45 4.39% 5.06% 05/05/92 Z656,335.51 4.30% 5.05% 05/12/92 Z664,237.92 4.29% 5.05% 05/19/92 Z90Z140.33 4.15% 5.01% 05/25/92 Z335,258.47 4.42% 5.01% O61OZ192 Z508,474.80 4.32% 4.98% 06/09/92 Z681,691.12 4.22% 4.98% 06/16/92 Z769,727.42 4,17% 4.96% 06/23/92 Z725,148.56 4,18% 4.93% 06/30/92 Z897,883.66 4.09% 4.90% 07/07/92 3,278,899.33 &88% 4.87% 07114/92 3,500,904.33 &74% 4.84% 07/21/92 3,754,981.00 &59% 4.81% 07/28/92 3,931,347.35 &53% 4.80% O8/04/92 3,780,109.75 3.59% 4.80% 08/11/92 4,099,829.18 &40% 4.80% 08/18/92 4,130,021.19 &36% 4.79% 08/25/92 4,047,120.53 &38% 4.79% 09/01/92 4,055,29&7'7 3.31% 4.75% 09/08/92 4,558,783.21 3.33% 4.74% 09/15/92 4,441,265.90 3.33% 4.72% CSDOC 3 Year Swap vs. Current Reversal Profits PROFITS FOR THE PERIOD FROM 09/15/92 THROUGH THE TERMINATION DATE OF 05/07/94. A B C D Assumed Present Value Present Value Present Value Reversal J.J. Kenn Average Potential Profits 4.72% Reversal Profits Difference 1.500% 7,091,976 4,441,266 2,650,710 2.000% 6,210,625 4,441.266 1,769,359 2.500% 5,329,273 4,441,266 888,007 2.980% (1) 4,483,175 4,441,266 41,909 3.000% 4,447,921 4,441,266 6,655 3330% (2) 4.441,266 4,441260 �`:,e , x `?`,:F.11` 0 3.500% 3,566,569 4,441,266 (874,697 4.000% 2,685,218 4,441,266 (1,756,048 4.500% 1,803,866 4,441,266 (2,637,400 5.000% 922,514 4,441,266 (3,518,752 5.500% 41,162 4,441,266 (4,400,104 6.000% (840,189 4,441,266 (5,281,455 6.500% (1,721,541 4,441,266 (6,162,807 7.000% 2 602 893 4,441,266 ,044 159 (1) Current J.J. Kenny Index (2) Current Reversal Rate i. COUNTY SANITATION DISTRICTS of ORANGE COUNTY. CALIFORNIA September 17, 1992 1ONIA ELus.v2NUE R0.BOA 8127 FOUNTAIN VAUEY.CALIFORNIA 6272E-8127 n1A1962.2411 STAFF REPORT Advance Refunding of Certificates of Particioation ICOPI OVERVIEW In April, PaineWebber, an investment banker/underwriter firm similar to Merrill Lynch, approached the Districts' Financial Manager about a new "synthetic fixed rate" Certificates of Participation (COP) structure and possible application to the Districts' financing program. This structure, although new for water and sewer issuers, has been used by a utility, the Southern California Public Power Authority (SCPPA) and recently by the Los Angeles County Transportation Commission. The Districts' Co-Special Counsels, Mudge Rose and Rourke and Woodruff, were involved in the SCPPA transaction. PaineWebber evaluated the applicability of this concept to advance refunding of the Districts 1 , 2 and 3 1986 $117 million COPs. The Districts' staff and PaineWebber have since met on numerous occasions to review a number of advance refunding structures for the 1986 COP issue and have evaluated standard fixed rate advance refunding structures for comparison purposes .i and several possible "synthetic fixed rate" refunding alternatives. In June and July, the Directors considered five advance refunding alternatives and selected a financing team consisting of PaineWebber as Underwriter and Remarketing Agent; Mudge Rose and Rourke & Woodruff as Co-special Counsel; and Orrick Herrington and Sutcliffe as Underwriter's Counsel for refunding, subject to final approval of the transaction by the Boards. The staff and consultants were directed to return with a report detailing specific recommendations regarding the structure, terms and timing, liquidity provider, SWAP provider and insurer. See enclosed June 2, 1992 staff report (gold). SUMMARY OF ADVANCE REFUNDING ALTERNATIVES Districts' staff and financing team members have analyzed two summary advance refunding structures: a traditional fixed rate advance refunding, and a "synthetic" fixed rate advance refunding. Either advance refunding structure could be issued to defease all of the outstanding 1986 COPs. The advance refunding, referred to as Series D in this report, would permit the Districts to modify its Acquisition Agreement and other financing documents. 1986 COP REFUNDING Page 2 September 17, 1992 The recommended structure is a synthetic fixed rate structure which would fully defease the 1986 COPS and refund a portion of the outstanding 1991 Series B fixed rate COPS, specifically the $38,350,000 Term Certificate due August 1, 2013. Adding the 1991 Series B refunding to the original proposal to refund the 1986 Districts 1, 2 and 3 issues would, thus, now include Districts 5, 6, 7 and 11 in the advance refunding. Finishing touches are being completed on the proposal and the final details and formal report will be made at the Committee meeting detailing each of the traditional and "synthetic" fixed rate alternatives analyzed, and identifying for each the total net savings as a percentage of par refunded, the net present value savings, and the interest cost savings associated with the revised Acquisition Agreement and average annual savings, as well as other pertinent comparative terms. The estimated potential present value savings to the Districts range between $220,000 and $6,000,000. This staff report identifies numerous decisions and actions that should be taken by the Directors if they decide to proceed with the recommended structure in accordance with the financing schedule. The schedule contemplates that the refunding will price late October or early November 1992. The schedule can be accelerated or delayed depending on market circumstances. SERIES D STRUCTURE Attached is a one-page Structuring Summary of the financing team's final recommended structure for the Series D issue. The recommended structure is a synthetic fixed rate structure which would fully defease the $117 million 1986 COPS and refund a portion of the outstanding 1991 Series B COPs, specifically the $38,350,000 Term Certificate due August 1, 2013. The structure would necessitate the inclusion of Districts 1, 2, 3, 5, 6, 7 and 11 in the advance refunding. Approval of the proposed Series D advance refunding structure is recommended. SELECTION OF TRUSTEE FOR 1990-92 SERIES D ISSUE The selection process for Trustee services involved soliciting proposals from State Street Bank and Trust Company of California (State Street) and Texas Commerce Bank, based on the Districts' desire to minimize the number of Trustees providing services to the financing program for ease of administration and to achieve program service advantages. State Street was selected to replace Bank of America as Trustee on the existing 1986 COPS in June 1991 . Texas Commerce serves as Trustee for the Series A and B issues. 1986 COP REFUNDING Page 3 September 17, 1992 A request for bids was distributed to both State Street and Texas Commerce Bank with responses due September 21 , 1992. A summary of bids and recommendation will be provided at the Committee meeting. SWAP AND LIQUIDITY PROVIDER American International Group, Inc. (AIG) is an integral part of the transaction. AIG is currently the most experienced long-term SWAP provider and is responsible for the creation of tax-exempt "synthetic" fixed rate debt. As rated by Standard & Poor's Corporation, AIG is one of the world's largest and most profitable insurance groups. AIG's net income for 1990 of $1 .44 billion increased 9% in 1991 . AIG's shareholders' equity is over $11 billion. AIG is rated AAA by Standard & Poor's and Aaa by Moody's. AIG will also provide liquidity and guarantees liquidity at 25 basis points for the maturity of the COPS. Currently, no other liquidity provider can make this guarantee. There are several other SWAP providers which will quote a rate on a long-term SWAP and these providers are being solicited to verify AIG's quote. VERIFICATION AGENT The selection process for verification agent involved soliciting proposal from KPMG Peat Marwick, Deloitte & Touche, and Ernst & Young. These three firms are the most experienced in verifying escrow cash flows. A request for bids was distributed to all three firms with responses due on September 21, 1992. A recommendation will be provided at the Committee meeting. BOND INSURER The selection process for bond insurance involved soliciting proposals from the three major bond insurers, AMBAC, FGIC and MBIA. PaineWebber's trading desk confirmed that the trading value of all three insurers is presently equivalent. Additionally, all three insurers have worked with AIG on "synthetic" fixed rate refundings. 1986 COP REFUNDING Page 4 September 17, 1992 Bids were received the week of September 14th. AMBAC provided the lowest all-in bid of 27 basis points of total debt service payments where debt service is based on the synthetic fixed rate. Approval of AMBAC to serve as bond insurer on the Series D advance refunding is recommended. REFUNDING FINANCING TEAM CONSULTING ARRANGEMENTS The Districts' advance refunding financing team consists of PaineWebber, Underwriter; Mudge Rose and Rourke & Woodruff, Co-special Counsel; and Orrick Herrington and Sutcliffe, Underwriter's Counsel. The Boards have already approved the following arrangements, subject to final authorization of the advance refunding itself: PaineWebber's underwriter spread not-to-exceed $8.50 per Certificate for a fixed rate or $3.50 per Certificate for a synthetic fixed rate transaction; Mudge Rose Special Counsel services at a not-to-exceed $80,000 fee, plus not-to-exceed $30,000 for the additional "synthetic" fixed rate work and expenses; and, Rourke and Woodruff's to provide services pursuant to their existing contract with the Districts at a total cost of services not-to-exceed $15,000. Orrick's services are included in costs of issuance and are estimated to be $30,000. AGREEMENT APPROVAL AND AUTHORIZATION As the Committee members will recall, there are many documents that must be approved and executed as part of each financing. Drafts of several of these will be available at the meeting for review but are not enclosed because of their bulk. The Series D advance refunding will require the following documents: Agreement for Acquisition and Details Districts' participation, and projects Construction requirements. Assignment Agreement Allows Trustee to pay investors. Trust Agreement Instructions for Trustee Bank. Escrow Agreement Sets forth the duties and responsibilities of the escrow agent. Certificate Purchase Agreement Sets forth terms and conditions of sale between Underwriter and Districts. Interest Rate SWAP Agreement Sets forth terms and conditions of interest exchange between Districts and counterparty. 1986 COP REFUNDING Page 5 September 17, 1992 Liquidity Guaranty Agreement Guarantees a liquidity facility at 25 basis points annual fee. Guarantee of American International Guarantees performance on SWAP Group, Inc. Agreement. Offering Statement Informs potential investors about the terms and conditions of the financing. Standby Bond Purchase Agreement Sets forth the terms and conditions of the liquidity facility. Remarketing Agreement Sets forth the duties and responsibility of the remarketing agent. These agreements are very similar to those approved and used for the Series A, B and/or C issues. These Agreements are scheduled to be presented in final form to the individual District Boards at their October 14th meeting to authorize execution and delivery. As in the past, because of the Committee and Board meeting schedules, and other items on the Directors' calendars, it may not be possible to have all of the documents and the final structure approved prior to the pricing date. This is a very common occurrence in municipal issues and is often handled by the governing Board granting specific authority within limits prior to the pricing. As was done by the Districts' Boards with the Series A, B and C issues, the financial team is proposing that the same procedures be followed and that the General Manager, Director of Finance, Financial Manager, General Counsel and Board Secretary be authorized to: 1 . Approve printing and distribution of the Preliminary and the Final Official Statement. 2. Authorize payment to the credit rating agencies. 3. Complete the legal documents subsequent to the negotiation process and within the following limits: • Maximum principal not to exceed $170 million. • Term not to exceed 25 years. 4. Authorize execution and delivery of COP's. 5. Select Trustee Bank, as recommended. 1986 COP REFUNDING Page 6 September 17, 1992 6. Authorize execution of an interest rate SWAP and approve liquidity facility with AIG. 7. Authorize the use of Bond insurance, as recommended. 8. Select Verification Agent, as recommended. 9. Authorize the General Manager, Director of Finance, Financial Manager, General Counsel and Board Secretary to do any and all things necessary to execute and deliver any documents necessary and advisable to accomplish the purposes of the financing. REF:W PDOCSTPCATMI888COP.] September 17, 1992 COUNTY SANITATION DISTRICTS OF ORANGE COUNTY CERTIFICATES OF PARTICIPATION ADVANCE REFUNDING (Districts 1, 2, 3, 5, 6, 7 and 11) TENTATIVE FINANCING SCHEDULE DATE ITEM RESPONSIBILITY June 17 Review and approval of refunding concept OCSD by Fiscal Policy Committee. June 24 Review and approval of refunding concept OCSD by Executive Committee July 8 Review and approval of refunding concept OCSD by Boards Week of June 22 All hands meeting including initial meeting OCSD, PW, SC, SP with SWAP provider. Months of July, Complete negotiations on SWAP OCSD, PW, SC, SP August and agreement and finalize other financing September documents. September 23 Present finalized refunding issue to Fiscal OCSD Policy/Executive Committees. October 14 Present finalized refunding issue to full OCSD Board. October 15 Mail POS. PW Late October Price CDP's and lock-in SWAP rate. OCSD, PW Late October or Close and deliver funds. Team early November Key: OCSD: Sanitation Districts of Orange County PW: PaineWebber Incorporated SC: Special Counsel (Mudge Rose and Rourke & Woodruff) SP: SWAP Provider IAIG) iseacOP.1 June 2, 1992 COUNTY SANITATION DISTRICTS of ORANGE COUNTY. CAUFORNIA 1p ELUS AVENUE FWNfA1N VALLEY.UUFpPNia 92]28.812) PIRA%22 11 STAFF REPORT Refunding of 1986 $117 Million Districts 1 . 2 and 3 Certificates of Participation Backaround PaineWebber, an investment banker/underwriter firm similar to Merrill Lynch, approached the Districts' Financial Manager about a new "synthetic fixed rate" Certificates of Participation (COP) structure and possible application to the Districts' financing program. This structure, although new for water and sewer issuers, has been used once with a utility, the Southern California Public Power Authority (SCPPA). The Districts' Co-Special Counsels, Mudge Rose and Rourke and Woodruff, were involved in this transaction. PaineWebber was encouraged to evaluate the applicability of this concept to advance refund the Districts' 1986 $117 million COPS. The Districts' staff and PaineWebber have since met on several occasions to review a number of advance refunding structures for the 1986 COP issue and have evaluated a standard fixed rate advance refunding structure for comparison purposes and four possible "synthetic fixed rate" refunding alternatives. Each of these alternatives, as well as their estimated savings and terms, are described and summarized in the enclosed bound report prepared by PaineWebber. Summary of Advance Refundinc Alternatives As proposed, the refunding certificates would be issued to defease all of the outstanding 1986 COPs. The Districts would achieve a net savings and the refunding would permit the Districts to rewrite its trust agreement and other financing documents. Two different variable-to-fixed-rate bond/SWAP structures were analyzed: 1) liquidate the Debt Service Reserve Fund (DSRF) and replace with a municipal reserve fund surety policy; and 2) fund the Series 1992 DSRF with 1992 proceeds. The standard fixed rate advance refunding and four possible "synthetic fixed rate" refunding alternatives are summarized below: 1. Scenario 1 - The 1986 DSRF, currently invested in an 8% Treasury Note maturing May 15, 2001 with a par value of $11,941,000 would be liquidated to provide estimated total gross proceeds of $12,254,451. These monies would be invested at the short end of the escrow. The 1992 Bonds would be issued as fixed rate securities. The 1992 DSRF would be fully funded from 1992 bond proceeds equal to maximum annual principal and interest. The investment of the DSRF monies will be yield-restricted to the interest rate paid on the 1992 Bonds. The assumed earnings differential between the 1986 `—' DSRF and 1992 DSRF is subtracted semi-annually from gross savings. 1986 COP REFUNDING Page 2 June 2, 1992 2. Scenario 2A - The 1986 DSRF, currently invested in an 8% Treasury Note, maturing on May 15, 2001 with a par value of $11,941,000, would be liquidated at a price (as of 6/8/92) of 102.625 for total gross proceeds equal to $12,254,451. The 1992 Bonds would fund a Capital Reimbursement Fund (CRF) in the amount of $12,254,451. These monies would finance capital expenditures to be made from revenues during the next two years. The CRF could be invested at an unrestricted yield from the date of issuance, since the proceeds will be spent during the two-year period. The 1992 reserve requirement would be satisfied by the purchase of a Municipal Reserve Fund Surety Policy from a municipal bond insurance firm. 3. Scenario 2B - The 1986 DSRF again would be liquidated at a price of 102.625 for total gross proceeds equal to $12,254,451. The 1992 DSRF would be fully funded from bond proceeds equal to the maximum annual principal and interest payment. The investment of these monies would be yield-restricted to the 1992 bond yield. The assumed earnings differential between the 1986 DSRF and the 1992 DSRF is subtracted semi-annually from the gross savings. 4. Scenario 2C - The structure and flow of funds for this alternative are identical Scenario 2A except that the Series 1992 CRF is invested at 8.50%. This rate is approximately the average investment rate realized by the County of Orange commingled pool since July 1991. 5. Scenario 2D - This alternative is identical in structure, flow of funds and investment rate earned on the CRF as Scenario 2C. The size of the CRF in Scenario 2D is only $6 million as opposed to $12,254,451 in Scenarios 2A and 2C. Estimated Net Savinas to the Districts Cash flow analyses were performed for the standard fixed rate structure and each of the four "synthetic" fixed rate alternatives, using common financing assumptions. Key assumptions were: Par Amount of $109,400,000 outstanding certificates and 1986 COPs Refunded: scheduled to mature from 1992-2011. Underwriter's Fee: $3.50/bond Cost of Credit: Bond Insurance = 25 basis points. Liquidity Facility = 25 basis points annually. Remarketing = 7.5 basis points annually. 1986 COP REFUNDING Page 3 June 2, 1992 �..i Interest Rate Quote: Districts would pay 5.70% fixed rate; Districts (June 9, 1992) would receive variable payments equal to the variable rate on its 1992 COPS (a basis risk-free SWAP). To summarize, the estimated net savings (as of June 9, 1992) associated with each of the scenarios are as follows: SUMMARY OF RESULTS Fixed Rate "Synthetic Fixed Rate" Scenario 1 Scenario 2A Scenario 28 Scenario 2C Scenario 2D Net Savings $1,713,636 $5,620,931 $3,065,469 $7,831,458 $5,542,362 Average Annual 8 85,882 $281,047 8 153,273 S 391,573 S 277,118 Net Savings Structure of the Refunding The basic concept of a standard fixed rate refunding is that Districts 1, 2 and 3 structure a 1992 borrowing at an interest cost lower than that existing on the outstanding 1986 COPS. The Districts use the proceeds of the 1992 borrowing to defease and retire the 1986 COPS. Such a refinancing lowers the Districts' borrowing costs for the facilities financed by the 1986 COPS. PaineWebber has proposed a "synthetic fixed rate" refunding to further reduce the Districts' borrowing costs. This structure enhances savings by tapping the market for interest rate SWAPS. Under this structure, the Districts borrow from investors at a variable rate but, through the SWAP, turn the District variable rate obligation into a fixed rate obligation. The SWAP Provider pays the Districts amounts equal to the variable rate payments due to investors, and the Districts make fixed rate payments to the SWAP Provider. The Districts also fix the levels of their payments for liquidity, insurance and remarketing. As a result, provided the SWAP Provider meets its obligations when due, the Districts' achieve a fixed rate financing. The parties to the "synthetic fixed rate" refunding include the SWAP Provider, the liquidity Provider, the insurer, the underwriter and the remarketing agent. 1986 COP REFUNDING Page 4 June 2, 1992 Initial Review by Special Counsel Districts' financial staff have discussed the PaineWebber proposal with Mudge Rose, the Districts' Special Counsel. The refunding must meet the rules applicable to standard fixed rate refundings. Based on the initial review, Mudge Rose believes that the refunding proposal is workable under those rules. In addition, the refunding must meet the "synthetic fixed rate" SWAP refunding rules. Mudge Rose, as bond counsel, structured the first "synthetic fixed rate" SWAP refunding (in 1991). Alan Watts of Rourke & Woodruff also was involved in that financing. Mudge Rose has pointed out that, under the federal income tax laws, the SWAP must continue for the life of the financing, and the variable payments by the SWAP Provider must match the variable payments to be made to investors in the 1992 COPs. Mudge Rose advises that, properly structured, the SWAP, liquidity and remarketing arrangements can produce substantial additional savings with minimized additional risk (compared to a typical fixed rate refunding). Ability to Eliminate 1986 COPs Provisions A 1986 COP advance refunding would provide a means to eliminate provisions that exist in the 1986 COP documents, namely the Agreement for Acquisition and the Trust Indenture. The two possible approaches to eliminating the provisions are to 1) solicit written consent from 60% of certificate holders and amend the documents in the desired fashion; or 2) implement a full defeasance using new documents in the proposed refunding. The first approach was considered and approved by the Fiscal Policy Committee on October 16, 1991 and by the Joint Boards on November 11, 1991. This approach requires: 1) securing a record of current certificate holders through the Registrar (State Street Bank); 2) drafting a letter describing the proposed amendments and reasons for the changes to be mailed to each certificate holder of record; and 3) incorporating a form requesting approval of the proposed changes and setting forth a deadline for approval. According to the documents, 60% of current certificate holders must consent for any proposed amendments to become effective. This action is desired primarily to eliminate the half-yearly principal payment requirement and is projected to save the Districts about $1 million. This approach has been postponed pending the results of the 1986 ratings upgrade under consideration by Moody's Investors Services. The second and preferred approach is to do a full defeasance of the Series 1986 COPS. Upon defeasance, the legal provisions of the 1986 COPS will no longer be applicable. The defeasance is accomplished through the issuance of new certificates under the Districts' new documents which fund the escrow. The two approaches are compared below: 1986 COP REFUNDING Page 5 June 2, 1992 Certificate Holder Consent Full Defeasance of Series 1986 COPs Approval is not guaranteed. Upon defeasance, approval is effectively Deadlines are frequently extended. guaranteed. Slight cost in securing approval. Results in significant debt service savings. Does not result in debt service savings. Typically requires participation and attention Financing can be completed within 6 to 8 of staff over a long period of time, i.e., six weeks. The effort will "piggy back" onto months. the Series C financing. Eliminates interest earnings losses due to Eliminates interest earnings losses due to two principal payment requirements. two principal payment requirements. PaineWebber's Ability to Provide Underwriter Services PaineWebber is a highly qualified underwriter possessing a very experienced investment banker staff and having strong marketing capabilities. For 1991, PaineWebber was ranked as the number one senior managing underwriter of water and sewer revenue bonds in California, according to Securities Data Corporation. Nationally, PaineWebber was ranked the number 3 senior manager of water and sewer revenue bonds from 1987 through 1991 and number 1 nationally for COP and lease revenue bonds for the same period. In addition, PaineWebber senior managed the largest ever refunding COPS issue in California a $350 million refinancing for the Los Angeles Convention Center. PaineWebber is a prominent player in the short-term, variable rate tax-exempt market. The firm currently maintains remarketing programs of approximately $5.6 billion of variable rate bonds for 163 clients. Selecting PaineWebber to serve as sole managing underwriter and remarketing to the Districts on an advance refunding for the 1986 COPs allows the Districts to spread some financing business to another qualified underwriter and enables the Districts to diversify our program consulting base. PaineWebber was the firm originally awarded the purchase of the 1986 COP issue through a competitive bidding process. PaineWebber was ranked #2 in the Districts' underwriter selection process during 1990. Of primary importance, PaineWebber brought the structuring concepts to the Districts and spent considerable time and expense developing the structures' analysis under consideration without charge to, or promised business from the Districts. Refunding Financino Team The Districts' staff are proposing that the Districts move forward with the advance refunding of the 1986 COP issue with a financing team consisting of PaineWebber, Underwriter; Mudge Rose and Rourke & Woodruff, Co-special Counsel; and Orrick Herrington and Sutcliffe, Underwriters' Counsel. Mudge Rose has proposed to 1986 COP REFUNDING Page 6 June 2, 1992 provide Special Counsel services at a not-to-exceed $80,000 fee, plus not-to-exceed $30,000 for the additional "synthetic fixed rate" work and expenses and, Rourke and Woodruff has agreed to provide services pursuant to their existing contract with the Districts at a total cost of services not-to-exceed $15,000. Orrick's services are included in costs of issuance and are estimated to be $30,000. The Districts' staff and financing team would return to the Fiscal Policy Committee with a specific recommendation regarding structure, terms and market timing. Enclosed (color) is a tentative 1986 COP Advance Refunding Financing Schedule for your review. The tentative schedule contemplates that the refunding will price during the week of October 19, 1992. This schedule can be accelerated or postponed depending on market circumstances. Recommendations 1. Select PaineWebber as Underwriter and Remarketing Agent, Mudge Rose and Rourke and Woodruff as Co-special Counsel, and Orrick Herrington and Sutcliffe as Underwriter's Counsel for the refunding. 2. Direct Districts' staff and above described financing team to move forward on the advance refunding of the Districts 1, 2 and 3 1986 COP issue and return to the Fiscal Policy Committee with specific recommendations regarding structure, terms, timing, liquidity provider, SWAP provider and insurer. KF; PDOCS\FPC.WGUBWCOP COUNTY SANITATION DISTRICTS OF ORANGE COUNTY 1986 $117,000 CERTIFICATES OF PARTICIPATION ADVANCE REFUNDING TENTATIVE FINANCING SCHEDULE DATE ITEM RESPONSIBILITY June 17 Review and approval of refunding concept OCSD by Fiscal Policy Committee. Week of June 22 All hands meeting including initial meeting OCSD, PW, SC, SP with SWAP provider. Months of July and Complete negotiations on SWAP agreement OCSD, PW, SC, SP August and finalize other financing documents. September 16 Present finalized refunding issue to Fiscal OCSD Policy Committee. October 14' Present finalized refunding issue to full OCSD Board. October 15 Mail POS. PW October 20 Price COP's and lock-in SWAP rate. OCSD, PW October 27 Close and deliver funds. Team 'Possible acceleration if the market is deteriorating. Key: OCSD: Sanitation Districts of Orange County PW: PaineWebber Incorporated SC: Special Counsel SP: SWAP Provider L_ I C_ L.> L t [ ' L_ C " C _' L Presentation to: County Sanitation Districts of Orange County � prtenoa 0 I'll - r4 +`aMl' pO OJ yfte coo Executive and Fiscal Policy Committees October 14, 1992 1 ! f 1 t 1 f 1 1 t 1 1 ! 1 S ! 1 l ( 1 1 County Sanitation Districts of Orange County Objectives of Refunding Plan 1 ) Legal Defeasance of Series 1986 Certificates of Participation and Their Related Covenants 2) Achieve Significant Present Value Interest Cost Savings 3) Create New "Senior" Lien Structure 4) Advance Refund 2013 Term COP from 1991 Series B to Achieve Present Value Interest Cost Savings i t I t t t ( t l County Sanitation Districts of Orange County Mechanics of Advance Refunding Before Refunding: csooc Principal + Interest series 1986 Revenues Series 1986 COPS cerrlacateholders csooc Principal + Interest 1901 Series 2013 Term Revenues 1991 Series B Term of 2013 Certincateholders 2 1 t t l t t I I t 1 1 t It 1 1 1 . f S t County Sanitation Districts of Orange County Mechanics of Advance Refunding (Continued) After Refunding: CSDOC Principal + Interest 1992 Series D Revenues ------------► 1992 Series D COPs Certiflcateholders 11 Principal + Interest Series 1986 Until 8/1/96 Escrow Fund 14111-- of Government Certiflcateholders 2) 2% Premium on 8/1196 Obligations Series 1986 COPS Costs of Issuance 1991 Series B 1) Principal + Interest DSRF 2013 Tenn Until 8/1/2001 Certiflcateholders 21 2% Premium on 8/1/2001 1991 Series 6 2013 Term 3 t a t a a County Sanitation Districts of Orange County Use of Advance Refunding COP Proceeds Dollar Amount % • Escrow Fund $ 158,987,808 89.85% • Bond Insurance $757,450 0.428% • Reserve Fund $16,383,500 9.26% • Costs of Issuance 250,000 0.14% • Underwriters' Discount 573,423 0.32% 4 County Sanitation Districts of Orange County Fixed Rate Debt Alternatives to Fund Escrow • Traditional Fixed Rate COPs • "Synthetic" Fixed Rate COPs • CSDOC Issues Weekly Variable Rate COPS • CSDOC Simultaneously Enters into Basis Risk-Free Interest Rate Swap for Maturity of the COPS 9 County Sanitation Districts of Orange County 1992 Series D Achieves Synthetic Fixed Rate Debt Fixed Rate Payment AIG Financial Products cSDOc "AAA Rated" Floating Debt Service asis Risk-Free) Floating Debt Service Other Fixed Fees 1992 Series D I Remarketing Fee(7.5 b.p.) Certificateholders Liquidity Facility Fee(25 b.p.) 6 Interest Rate Indices, 1990 to Date s 6 5.513% { 4 I �3 3 . . .... . . ... ... c .... ....... ... .. ....... t California Weekly Index Traditional Fixed Rate Issue ' California Daily Index 'Synthetic' Fixed Rate Issue 0 --- 90 91 92 PaineWebber t t 1 1 1 County Sanitation Districts of Orange County Summary of Results Traditional Synthetic Synthetic Fixed Rate Fixed Rate COPS Fixed Rate COPS COPS Plus Series B Par Amount of COPS $117,900,000 $116,960,000 $163,835,000 Net Debt Service Savings ($1 ,185,059) $5,517,508 $8,649,007 Additional Savings from Principal Reinvest $1 ,337,500 $1 ,337,500 $1 ,337,500 Total Net Savings $152,441 $6,855,008 $9,986,507 Total Net Present Value Savings $220,382 $4,284,609 $6,005,847 Arbitrage Bond Yield 5.967% 5.517% 5.615% TIC 6.077% 5.647% 5.745% a t t 1 t i t t t t t County Sanitation Districts of Orange County Comparison of Results June 1992 September 1992 Traditional Synthetic Traditional Synthetic Fixed Synthetic Fixed Rate Fixed Rate Fixed Rate Fixed Rate Rate COPs for COPs for 1986 and COPS COPs for COPS 1986 COPs 6 COPS Par Amount of COPS: $117,740,000 $118,010,000 $117,900,000 $116,900,000 $163,835,000 Par Refunded: $109,400,000 $109,400,000 $107,000,000 $107,000,000 $145,500,000 Total Net Savings: $1,713,636 $3,065,469 $152,441 $6,855,008 $9,986,507 Net Present Value Savings: $944,651 $1,856,196 $220,382 $4,284,609 $6,005,847 Arbitrage Bond Yield: 6.264% 6.005% 5.967% 5.517% 5.615% Escrow Yield: 6.263% 6.002% 5.115% 5.115% 5.608% 9 l County Sanitation Districts of Orange County District-by-District Summary Allocation of Debt Service and Savings Series 1986 Portion Only Percent Net Averaae Total Net Present District Allocation Pv Amount Reserve Fund Annual Debt Service Debt service Value Savings All Districts 100% $116,960,000 $10,599,600 $8,754,607 $168,963,916 $4,284,609 District #1 21.11% $24,690,000 $2,237,693 $1,848,195 $36,670,160 $904,529 District #2 37.86% $44,285,000 $4,013,352 $3,314,779 $63,975,226 $1,622,292 District #3 41.02% $47,985,000 $4,348,554 $3,591,633 $89,318,530 $1,757,788 1991 Series 8 Portion Only All Districts 100% $46,875,000 $5,783,900 $3,924,889 483,600,139 $1,721,238 District #1 8.87% $4,158,000 $513,032 $348,138 $7,415,332 $152,674 District #2 37.73% $17,685,000 $2,182,265 $1,480,861 $31,542,332 $649,423 District #3 21.49% $10,075,000 $1,242,960 $843,458 $17,965,670 $369,894 District #5 13.41% $6,285,000 $775,621 $526,328 $11,210,779 $230,818 District #6 3.66% $1,715,000 $211,691 $143,651 $3,059,765 $62,997 District #7 10.30% $4,830,000 $595,742 $404,263 $8,610,814 $177,287 District #11 4.54% $2,130,000 $262,589 $178,190 $3,795.446 $78,144 10 1 1 f 1 1 1 ( 1 l l l 1 t ! [ 1 1 [ ! [ County Sanitation DWricts of Orange County District-by-District Summary Allocation of Debt Service and Savings Summation of Series 1986 and 1991 Series B COPs Percmt Net Avseoe Total Net Present District Allocation Pm Amount Reserve Fund Annuel Debt Smsice Debt Service Value Sevin= All Districts 100,00% $163,835,000 $16,383,500 $12,679,496 $252,564,055 $6,005,847 District F1 17.61% $28,846,000 $2,750,725 $2,196,333 $43,085,492 $1,057,203 District #2 37.82% $61,970,000 $6,195,617 $4,795,640 $95,517,558 $2,271,715 District #3 35.44% $58,060,000 $5,591,514 $4,435,091 $87,284,200 $2,127,682 District N5 3.84% $6,285,000 $775,621 $526,328 $11.210,779 $230,818 District #6 1.05% $1,715,000 $211,691 $143,651 $3,059,765 $62,997 District M7 2.94% $4.830,000 $595,742 $404,263 $8,610,814 $177,287 District 111 1.30% $2,130,000 $262,589 $178,190 $3,795,446 $78,144 11 1 t 1 1 1 1 1 I l (1 I t l t t i l [ 1 l County Sanitation Districts of Orange County Parties to the Proposed Financing Bond Insurer: AMBAC Swap Provider: AIG Liquidity Facility Provider: AIG Trustee: State Street Bank Verification Agent: KPMG Peat Marwick Underwriter: PaineWebber Special Counsel: Mudge Rose Guthrie Alexander & Ferdon Rourke & Woodruff Underwriter's Counsel: Orrick, Herrington & Sutcliffe 12 I t I I I ` � l County Sanitation Districts of Orange County Summary of Bond Insurance Bids Final Pricing AMBAC FGIC MBIA One-Time Fee 27 BPs 29 BPs* 31 BPs (Based on Total Debt Service) Swap Insurance Fee --- --- 5 BPs (Based on Principal Amount) Legal Counsel Fee --- --- $50,000 *The insurance bid from FGIC requires that total debt service payments are calculated based on an interest rate equal to the Revenue Bond Index plus 50 BPs. This interest rate is higher than the fixed rate to be paid by the CSDOC on the interest rate swap. FGIC's bid of 25 BPs based on this assumed rate is equivalent to 29 BPs calculated on the swap rate. 13 I t t l County Sanitation Districts of Orange County Summary of Liquidity Facility Options Final Pricing Liquidity Provider Various Banks FGIC AIG Upfront Fee 10 BP 10 BP None Annual Fee 35 BP 37 BP 25 BP Short-Term Rating A-1 +/VMIG1 A-1 +/VMIG1 A-1 +/VMIG1 Term 3 Years 5 Years Maturity 14 I t 1 t t e e e e e 1 t e I t I e t t County Sanitation Districts of Orange County Summary of SWAP Provider - AIG Long-Term Rating: Aaa/AAA Capital: $20.5 Billion Assets: $58.1 Billion Liabilities: $48.2 Billion Equity: $9.9 Billion Revenues: $15.7 Billion Net Income: $1 .4 Billion 15 County Sanitation Districts of Orange County Summary of Trustee Bids Final Pricing Texas Commerce Bank State Street Bank & Trust Trust Services Upfront $3,000 $2,880 Annual $3,000 $3,200 Escrow Agent Upfront $4,500 ----- Trust Services and Escrow Agent Fees Gross* $70,500 $70,080 Tender Agent Annual $50 per put $50 per put "Gross fees charged for 21-year life of COPS. 16 County Sanitation Districts of Orange County Summary of Verification Agent Bids Final Pricing KPMG Peat Marwick Ernst & Young Deloitte & Touche One-Time Fee $3,500 $8,000 $4,000 17 1 f 1 I 1 1 1 1 1 1 f 1 1 1 l 1 1 [ l County Sanitation Districts of Orange County Final Recommended Structure Interest Rate Bond Type: Variable Rate Swap Type: Variable-to-Fixed Sale Date: October 20, 1992 Transaction Size: $163,835,000" Purpose: Advance Refund All of Series 1986 and 2013 Term of 1991 Series B Term: Approximately 21 Years Lien: Senior Lien Structure: Certificates of Participation Credit Enhancement: Bond Insurance Provided by AMBAC Liquidity Facility Provided by AIG Rating of Swap Provider: Standard & Poor's: AAA Moody's: Aaa 18 t t [ t t t t t t e [ e e t [ e [ e t County Sanitation Districts of Orange County Final Recommended Structure (Continued) Underlying CSDOC Rating: Standard & Poor's: AA- (received week of 07/06/92) Moody's: Aa Series D Rating: Standard & Poor's: AAA (same as rating of insurer) Moody's: Aaa Reserve Fund: Lesser of COPs, Maximum Annual Principal and Interest or 10% of Par Amount Capitalized Interest: None Derivative Products: Fixed Swap to Maturity 'Subject to change. 19 County Sanitation Districts of Orange County Recommended Course of Action • Fiscal Policy Committee Grants Approval for Financing • Team Pursues "Synthetic" Fixed Rate Advance Refunding • Complete Negotiations with AIG, AMBAC and Other Parties • Respective Districts' Boards Approve All Necessary Documents and Take All Necessary Actions • Districts' Staff and Finance Team Bring Transaction to Market 20 r r " Updated Refunding Analysis: Series D Refunding J Comprehensive Numerical Analysis r J County Sanitation Districts Nos. 1 , 2, 3, 5, 6, 7 and 11 of Orange County, California - September 23, 1992 a-MOO, - County Sanitation Districts of Orange County Table of Contents Tab Topic w A Introduction and Discussion of Existing Legal Structure B Financing Assumptions C Summary of Results D Supporting Cash Flow Schedules r 1. Scenario 1: Fixed Rate COPs; Refund Series 1986 COPs; Fund 1992 DSRF with COPS Proceeds 2. Scenario 1 A: Fixed Rate COPS; Refund Series 1986 and B COPs; Fund 1992 DSRF with COPS Proceeds 3. Scenario 2: Synthetic Fixed Rate/Swap; Refund Series 1986 COPs; Fund 1992 DSRF with COPS Proceeds 4. Scenario 2A: Synthetic Fixed Rate/Swap; ,r Refund Series 1986 and B COPs; Fund 1992 DSRF with COPS Proceeds 5. Scenario 3: Synthetic Fixed Rate/Swap; Refund Series 1986 COPs; Fund Municipal Reserve Surety Policy for 1992 Reserve Requirement r 6. Scenario 3A: Synthetic Fixed Rate/Swap; Refund Series 1986 and B COPs; Fund r Municipal Reserve Surety Policy for 1992 Reserve Requirement r E Outstanding Bonds to be Refunded $117,000,000 .+ Certificates of Participation Series 1986 County Sanitation Districts Nos. 1, 2, and 3 Joint Facilities Project Analysis of 1986 Legal Documents ro Introduction We have reviewed both the Agreement for Acquisition and Construction of Joint Facilities and the Trust Agreement for the Series 1986 Certificates of Participation. While the County Sanitations Districts Nos. 1, 2, and 3 (OCSD) will not use these documents when issuing additional obligations, these documents nevertheless contain several defects which potentially could result In additional expenses to the OCSD. The two approaches to curing the defects which we evaluate in this report .v are to: 1) solicit consent from 60% of certificate holders and amend the documents in the desired fashion; or 2) implement a full defeasance using legal documents from the Series C financing. ,- Agreement for Acquisition There are several deficiencies in the existing Agreement for Acquisition which unnecessarily restrict the actions of the OCSD and could result in greater expenses: r o The definition of the Reserve Requirement does not permit the substitution of a surety bond. If the OCSD are facing a situation of negative arbitrage, there is no ability to withdraw these funds. The true interest cost of the Series 1986 Certificates is approximately 7.70%. The 5 and 10 year Treasury have been lower than this rate several times in the past five years. Currently, the DSRF is invested in excess of the TIC until 1998. However, there is no guaranty that the appropriate reinvestment rates will be greater than this TIC in 1998. The DSRF is also an inexpensive source of funds in an emergency situation and the OCSD do not have the ability to withdraw these funds. o The Agreement for Acquisition requires that one-half of the principal portion of the annual installment payment be deposited with the Trustee into the installment payment account. These monies can be invested at six month maturities rather than one year maturities. The one year Treasury rate has averaged approximately 30 basis greater than the six-month Treasury rate. Additionally, there may be agency discount notes maturing in one year rather than six months which could serve as suitable investments .d for monies in the installment payment account. These agency notes yield more than comparable T-Bills and so the OCSD could be foregoing additional investment income over the next 20 years. o The covenant "Against Sale or Other Disposition of Property" requires that any sale or exchange of assets be done at market value. Presumably the OCSD would only sell or exchange assets at their market value but there may be situations where this is not r in the OCSD' best interest. We usually specify only that any sale or disposition not reduce net revenues below the level required in the rate covenant rather than tying the requirement to fair market value. This approach gives management some additional s flexibility. o The rate covenant specifies annual coverage of 100% of installment payments. In the s absence of an additional debt test this covenant is very weak. o There is no additional parity obligation test. The possibility that the security of existing certificate holders can be severely diluted is substantial. Trust Indenture r In general, the provisions in the Trust Indenture do not provide very much flexibility in terms of additional indebtedness. There appears to be no provisions for capital appreciation obligations,variable rate obligations, tender option bonds, interest rate swaps, etc. Many of these defects have been ameliorated in the OCSD' new Agreement for Acquisition. We will not offer comments on what the new documents should contain in terms of provisions. However,there are several defects in the Series 1986 Trust Indenture which could cost the OCSD money in the future. o The redemption language in the mandatory redemption section does not permit the OCSD to purchase its certificates in the open market prior to a mandatory redemption date and receive credit for these purchases towards fulfilling the redemption requirement. This lack of Flexibility in managing the outstanding debt may force the OCSD to mandatorily redeem its certificates at par when they are trading substantially below par in the open market. The term certificates maturing in 2006 and 2011 begin mandatory redemption payments beginning in 2002 and 2007, respectively. The OCSD should be permitted to purchase, at any time, these certificates for retirement and receive pro rate credit towards the appropriate mandatory redemption requirements. r o The defeasance provisions do not permit the use of obligations fully and unconditionally guaranteed by the federal government. It permits only Treasury Bonds and Notes. New securities such as RefCorp interest strips which yield more than Treasury Notes and Bonds are excluded even though the rating agencies have approved these securities for use in the escrow. When the yield on the escrow is market limited, this provision may force the OCSD to issue more certificates for its escrow than is ,e necessary thereby reducing savings. Approaches to Curing Defects On the following page, we offer a comparison of the two approaches towards curing the legal defects described above. The first approach is to secure a record of current certificate holders through the Registrar. A letter describing the proposed amendments and the reasons for the changes is sent to d each certificate holder of record. A form requesting approval of the proposed changes and setting forth a deadline for approval is sent with the letter. According to the legal documents, 60% of current certificate holders must consent for any proposed amendments to become effective. The second approach is to do a full defeasance of the Series 1986 COPS. Upon defeasance, the legal provisions of the Series 1986 COPS will no longer be applicable. The defeasance is accomplished through the issuance of new certificates under the OCSD new documents which fund the escrow. The two approaches are compared on the following page. Certificate Holder Consent Full Defeasance of Series 1986 COPs r Approval is not guaranteed. Upon defeasance,approval is effectively Deadlines are frequently extended. guaranteed. Slight cost in securing approval. Results in significantdebt service savings. Does not result in debt service savings. Typically requires participation and attention Rnancing can be completed within 4 to �+ of staff over a long period of time i.e. six 6 weeks. The effort will "piggy back" months. onto the Series C financing. The Series 1986 COPs will continue to be "senior" to All obligations will be issued under the all outstanding obligations and additional obligations. same set of legal documents. r w r r r r County Sanitation Districts of Orange County Financing Assumptions The Issue Structure: PaineWebber has analyzed two potential issue structures. In both, the Series D refunding COPS would be issued to defease all of the outstanding 1986 certificates of participation ("COPs'). This would allow CSDOC to rewrite its trust agreement and other financing documents. Additionally, in the second type of financing structure, we .. would propose that the CSDOC issue Series D COPs to refund a portion of the outstanding 1991 Series B COPs in addition to the Series 1986 COPs. For both of these 4. potential issue types, PaineWebber has analyzed the proposed Series D refunding COPS using three different structures: 1) fixed rate COPs; 2) synthetic fixed rate/swap COPS with a liquidation of the existing Debt Service Reserve r Funds ("DSRF") and replacement with a fully funded DSRF from Series D proceeds; and 3) synthetic fixed rate/swap COPS with a liquidation of the existing DSRF and the purchase of a Municipal Reserve Surety Policy to satisfy the Series D reserve requirement. The Refunding Alternatives: Scenario 1: Fixed rate COPS would be issued to advance refund the 1986 COPS. The 1986 DSRF, currently invested in a 8% Treasury Note maturing May 15, 2001 with a par \� value of $11,941,000, would be liquidated at its current price of 109.875 (as of September 4, 1992) for gross proceeds of $13,120,173.75. These monies would be '.V invested in the Series D defeasance escrow fund. The Series D DSRF would be fully funded with 1992 COPs proceeds in an amount equal to the maximum annual principal and r interest requirement. The investment of these monies would be restricted to the arbitrage bond yield on the Series D COPS. Scenario 1A: Fixed rate COPs would be issued to advance refund the 1986 COPS and the 2013 term bonds 038,350,000 at 6.75%) of the Series B COPs. Similar to .,, Scenario 1, the 1986 DSRF will be liquidated and used in the Series D defeasance escrow fund. Additionally, the maximum annual principal and interest on the refunded Series B bonds ($7,985,875) will be liquidated (assumed to ` be at par for this analysis) and used in the defeasance escrow fund. The 1992 DSRF will be fully funded with COPs proceeds. Scenario 2: CSDOC would proceed with a synthetic fixed rate/swap financing to advance refund the 1986 COPs. The r assumptions regarding the 1986 DSRF and the proposed Series D DSRF are the same as in Scenario 1. r County Sanitation Districts of Orange County Financing Assumptions (continued) Scenario 2A: CSDOC would proceed with a synthetic fixed rate/swap financing to advance refund the 1986 COPs and the 2013 tens bonds of the Series B COPs. It is assumed that the 1986 DSRF monies are liquidated and used in the Series D escrow fund and the Series B DSRF monies remain in their account for the continued protection of the Series B bondholders. Scenario 3: Again, CSDOC would use a synthetic fixed rate/swap structure to advance refund the 1986 COPs. While the 1986 DSRF would be liquidated and used in the defeasance escrow, the Series D reserve requirement would „Y be satisfied by purchasing a Municipal Reserve Surety Policy from one of the municipal bond insurers. Scenario 3A: This structure is identical to that in Scenario 1 A, except that the Series D reserve requirement will be satisfied with the purchase of a Surety Policy from one of the municipal bond insurers. r Par Amount of COPS Refunded: Series 1986: $107,000,000 (1993.2011) Series B: $38,350,000 (2008.2013) (Scenarios 1A, 2A, 3A) Dated Date on the Refunding COPS: October 22, 1992 .� Delivery Date on the Refunding COPS: October 22, 1992 r Swap Date on the Refunding COPS: October 22, 1992 First Interest Payment Date: February 1, 1993 r First Principal Payment Date: August 1, 1993 Final Principal Payment Date: August 1, 2011 (Scenarios 1, 2, 3) r August 1, 2013 (Scenarios 1A, 2A, 3A) Debt Service Reserve Fund: Scenario 1 - Maximum Annual Principal and Interest Scenario to - Maximum Annual Principal and Interest Scenario 2 - Maximum Annual Principal and Interest Scenario 2A - Maximum Annual Principal and Interest Scenario 3 - Municipal Reserve Surety Policy = 3.0% of maximum annual principal and interest Scenario 3A - Municipal Reserve Surety Policy = 3.0% of maximum annual principal and interest w� r Orange County Sanitation Districts, California Financing Assumptions (continued) Debt Service Reserve Fund Investment Earnings: It is assumed that the DSRF on the 1986 COPs is invested v✓ at its current 8% coupon through May 15, 2001 and thereafter at the current 5-year Treasury Note yield of 5.55%. For scenarios IA, 2A and 3A, it is assumed that the Series B DSRF is invested at the current 5-year Treasury Note yield. The Series D DSRF will be restricted to the arbitrage yield on the Series D COPs. r Underwriter's Discount: Scenarios 1 and 1A: $8.50/bond Scenarios 2, 2A, 3 and 3A: 33.50/bond Other Costs of Issuance: $200,000 (Scenario 1, 2, 3): $250,000 (Scenario 1A, 2A, 3A) Cost of Credit Enhancement/Remarketing: Bond Insurance = 25 basis points (Scenarios 1, 1A, 3, 3A); 27 basis points (Scenarios 2, 2A) Liquidity Facility = 25 basis points annually, payable in y upfront quarterly installments (Scenarios 2, 2A, 3, 3A) Remarketing = 7.5 basis points annually, payable semi-annually in arrears (Scenarios 2, 2A, 3, 3A) Interest Rate Swap Quote (September 4); Scenarios 2 and 3: CSDOC pays 5.20% Scenarios 2A and 3A: CSDOC pays 5.30% r Fixed Interest Rates for Scenario 1 and 1A (September 41: `O1 Maturity Y!9d Maturity Mid 1993 3.25% 2001 5.60 1994 3.80 2002 5.70 ,.i 1995 4.25 2003 5.80 2004 5.90 1996 4.70 2005 6.00 r 1997 5.00 1998 5.15 2006 6.05 1999 5,35 2007 6.10 2000 5.60 2008 6.15 r 2011 6.20 (Term) 2013 6.25 (Term) r r County Sanitation Districts of Orange County Summary of Results Sconarlo l: Scenario IA: Scenarl02: Soonest.2A: Scenario 3: Sconad.3A: Fixed!Rate;19%Only; Fixed Rate;1986 and Swap;1986 Only; Swap;19%and B: Swap;19H Only; Swap 1986 and B; DSRF with COP. a;DSRF with Cops DSRF with COP. DSRF with COPS DSRF with Sanely DSRF with Surety Net Savings: ($1,18.5,059) $530,70 $5,517,5011 $8."9,007 $4,S02,913 S8,304,134 Savings hom Pdnolpal Deposil.9:' $1.337.500 $1,337.500 $1,337,500 $1,337,500 $1337.(M $1337.50D TOW Net Savings: $152,441 $1,968,268 $6,965,00B $9,996,607 $5,840,313 99,641,634 T.tel Net Savings as a % Paz Refunded: 0.14% 1.28% 6,40% 6.92% 546% SAM Net Present Value S.vIn,.: ($504,620) $500,726 $3,659,4DT S6,260,645 $3,362,451 $5,281,102 PV Savings hom PdrWpd Depoeb' $I25,202 $725,202 $225,202 $725.2D2 $725.202 $125,202 Total Nel PV Savings: $220,302 $1,226,9m $4,284,609 S5,006,647 $4,107.653 $6,000,304 Total Net PV Savings as a %of Par Refunded 0,21% 084% 4.Wl 4.13% 384% 4.13% Average Annual Net Savings:' $8,023 $98,965 $350,790 $476,550 $307.385 SIS9,125 Per Amount of Refunding Bonds: $117,90o,000 $157,935,000 $116,960,000 $163,835,000 $106,540.000 $139,72Q000 County Sanitation Districts of Orange County Summary of Results (continued) Par Amount of Bonds Refunded: $107.000.000 145.350,000 $107,000,000 $145.350,000 $107,000,000 $145,350,000 Arbitrage Bond Yield: 5.967% 6.059% 5.517% 5.615% 5.513% 5.611% Escrow Yield: 5.115% 5.801% 5.115% 5.608% 5.115% 5.608% lneg• arb.l lneg• arb.l (neg. arb.) (neg. wb.) •Not.: These mduda tM1e eetimmad etldhlend ewxrye that will carve to Ma Diavicta®.rruh al the dimirutien of fie requirement im CSDOC le meke.ma.nm.d MxtdOd hnd tleeaelb wnh Stab siren aenN. MMelws,bwe monies had ben LrveetW id au ak momM1 Period m e money nwkm IuM rma. Hereekm,OCBn may keep bra nwnW Imemed bt the cwmy Intmymry Pad. COUNTY SANITATION DISTRICTS No. 1, 2, and 3 of ORANGE COUNTY, CALIFORNIA Certificates of Participation Joint Facilities Project Proposed Seri" 1992 Refudi:g Savings Table Scenario 1: Nee of Straight Fixed Rate Debt and Fund DSRF dth Bond Proceeds Series 1986 Refuded COPS Seri" 1992 Refueling COPS DSRF Earnings DSRF Earnings Present $11,941,000 $11,043,380 Bond Year Value &DOOR Net Total 5.5501 Net Total Net Annual Net Swinge at Date Principal Interest 5.550% Debt Service Prim ipal Interest 5.550% Debt Service Swinge Savings 5.96727% ...................................................................... ........................................................... .......................................... 10 22 1992 S148,734 $148,734 2 1 1993 f0 $4,085,150 $262,702 $3,922,448 SD 91,949,235 S168,550 f1,78D,686 $2,041,762 S2,009,012 8 1 1993 S2,6D0,000 $4,085,150 $47-7,640 $6,207,510 $5,300,000 $3,310,023 6306,454 $8,303.569 (f2,096,059) S94,438 (f2,002,685) 2 1 1994 s0 $3,929,150 $477,640 93,451,510 $O $3,223,898 $306,454 $2,917,444 $534,066 S495,491 e 1 1994 $2,800,000 $3,929,150 S477,"O S6,251,510 $3.940,000 63,223,896 $306,454 $6,857,444 ($605,934) ($71,867) (55451881) 2 1 1995 30 $3,761,150 f477,640 53,283,510 $0 $3,149,038 $306,454 $2,842,584 $440,926 am'719 8 1 1995 $3,000,000 $3,761,150 8477,640 56,283,510 $3,955,000 $3,149,038 $306,454 f6,797,584 ($514,074) (S73,147) ($436,678) 2 1 1996 SO $3,581.150 8477,640 $3,103,510 10 $3,064,994 9306,454 $2,758,540 $344,970 $294,544 8 1 1996 $3,300,000 S3,581,150 "77,640 $6,403,510 $4,060,000 $3,064,994 9306,454 $6,818,540 ($415,D30) (t70,D6D) (2332,414) 2 1 1997 SO $3,383,150 $477,"0 82,905,510 $O $2,969,584 S306,454 $2,663,130 $242,380 S188,507 8 1 1997 $3,500,000 $3,393,150 5677,640 $6,405,510 $4,060,000 $2,969,584 S306,454 $6,723,130 (S317,620) (S75,24D) (Sa9,867) 2 1 1998 f0 $3,258,900 5477,640 $2,781,260 $0 82,868,684 $306,454 $2,561,630 $219,630 $161,060 8 1 1998 f3,8DD,000 $3,258,900 5477,640 $6,581,260 54,310,000 112,861,884 $306,454 $6,871,630 (5290,370) (S70,740) ($206,766) 2 1 1999 SO S3,124,000 $477,640 S2,646,360 SO 82,757,101 5306,454 $2,450,647 $195,713 t135,325 e 1 1999 " 100,000 $3,124,000 S477,640 86,746,360 $4,565,000 $2,757,101 S306,454 $7,015,647 (11269,287) ($73,575) (3180,803) 2 1 2000 f0 $2,978,450 f477,640 84500,810 SO 82,634,988 $306,454 $2,328,534 $172,276 $112,318 8 1 2000 54,400,000 $2,978,450 S477,640 116,900,810 S4,SIS,000 f2,634,988 $306,454 $7,143,534 (1242,724) ($70,447) ($153,662) 2 1 2001 f0 $2,822,250 f477,640 S2,344,610 $0 $2,502.575 $306,454 $2,196,121 $148,489 $91,281 8 1 2001 $4,700,000 S2,822,250 1477,640 S7,044,610 $5,070,000 $2,502,575 $306,454 $7,266,121 (S221,511) (f73,022) (5132,225) 2 1 2002 t0 $2,655,400 $404,501 $2,250,899 10 $2,360,615 $306,454 $2,054,161 f196,737 $114,035 8 1 2002 S5,100,000 $2,655,400 $331,363 $7,424,037 $5,640,000 $2.360,615 $306,454 $7,694,161 (9270.124) ($73,387) (8152,035) 2 1 2003 es $2,474,350 $331,363 f2,142,987 SO 82,199,875 MG6,454 $1,60,421 5249,566 $136,395 8 1 2003 f5,500,000 $2,474,350 $331,363 f7,662,987 $6,070,000 $2,199,875 $306,454 $7,963,421 ($320,434) ($70,868) ($170,053) 2 1 2004 f0 f2,279,100 $331,363 $1,947,737 $0 $2,023,845 S306,454 $1,717.391 $230,346 $118,702 8 1 2004 $6,000.000 $2,279,100 $331,363 $7,947,737 $6,530,000 $2,023,545 S306,454 $8,247,391 (S299,654) (f69,308) (11149,9") 2 1 2005 GO f2,066,100 031,363 $1,734,737 $0 $1,831,210 $306,454 $1,524,756 $209,991 5102,028 8 1 2005 56,500,000 f2,066,100 031,363 $8,234,737 $6,990,000 $1,831,21D $306,454 $9,514,756 ($280,019) ($70,038) (5132,117) 2 1 2006 f0 S1,835,350 S331,363 31,503,987 $D $1,621,510 8306,454 $1,315,056 $188,931 S86,5SB 8 1 2006 $7,000,000 $1,835,350 $331,363 $5,503,987 $7,450,000 $1,621,510 S306,454 $5,765,056 (11261,069) (372,138) ($116,142) 2 1 2007 80 $1,586,850 $331,363 $1,255,487 $D $1,396,148 $306,454 $1,069,694 $165,794 $71,620 8 1 2007 $7,600,000 $1,586,850 S331,363 88,655,487 $6,000,000 $1,396,148 9306,454 $9,089,694 (5234,206) (S",413) ($98,242) 2 1 ZOOS SO 51,317,050 $331,363 $985,687 $0 $1,152,148 $306,454 8845,694 $139,994 S57,022 8 1 2008 $8,200,000 S1,317,050 $331,363 $9,155,687 S6,550,000 $1,152,148 S306:454 $9,395,694 ($210,006) (S70,013) (80 061) 2 1 2009 f0 $1,025,950 $331,363 $694,587 SO f8B9,235 $306,454 SS82,7B1 S111,806 f42,940 8 1 2009 $8,900,000 $1,025,950 $331,363 $9,594,587 $9,195,000 1889,235 S3D6,454 $9,777,761 (5183,194) ($71,388) (568,318) 2 1 2010 f0 $710,000 $331,363 $378,637 f0 f604,190 $306,454 $297,736 f80,901 529,296 8 1 2010 $9,600,000 $710,000 $331,363 $9.978,637 $9,835,000 "",190 $306,454 $10,132,736 (S154,D99) (S73,198) (f54,1OR) 2 1 2011 f0 $369,200 $331,363 $37,837 SO $299,305 $306:454 ($7,149) $44,986 S15,360 8 1 2011 510,40,000 $369,200 $12,272,363 (f1,503,163) $9,655,000 S299,305 f11,349,874 (f1,395,529) (5107,634) ($62,648) (S35,686) •- --------------------------------------------------------- ...--------------....--..-..--".....--...""--...-.-..--..-. .....---------..............-.-........... I TOTALS $107,000,000 $94,485,400 $27,023,976 $174,"1,424 f117,990,000 $80,355,938 S22,550,720 f175,795,218 (f1,185,059) (S1,185,059) (11504,820) Gross Savings as Percentage of Per Refueled: -1.11% PV Swims as Percentage of Par Refueled: -0.47% t t I ! 1 ( l l MITY SANITATION DISTRICTS No. 1, 2, and 3 of ORANGE COUNTY, CALIFORNIA C Certf if rates of Participation - Joint Facilities Project Proposed Series 1992 Refundin0 - Savings Table Scencrie IA: Use of Straight fixed Rate Debt to Refund Series 1986 and Portion of Series B cops Series 1986 and 8 Refunded COPS Series 1992 Refunding COPS DSRF Earnings $19,926,875 DSRF Earnings Present 511,941,000 118,922,038 Band Year value 9.000% Net Total 5.550E Net Total Net Annual Net Savings at Date Principal Interest 5.550X Debt Service Principal Interest 5.550% Debt Service Savings Savings 6.05975% -..-- .......................................... 10 22 1992 $196,424 S1%,424 2 1 1993 50 05,379,463 $384,586 $4,994,876 10 $2,671,561 1288,798 $2,352,764 $2,612,112 $2,569,580 8 1 1993 92,600,000 SS,379,463 $699,248 57,2111,214 $6,045,000 $4,536,614 $525,087 $10,056,527 (12,776,313) $32,223 ($2,650,791) 2 1 1994 SO $5,223,463 1699,248 $4,524,214 SD 54,438,383 5525,087 $3,913.2% 5610,919 0566,144 8 1 1994 $2,800,000 $5,223,463 5699,248 $7,324,214 $3,990,000 $4,438,383 5525,087 $7,903,2% ($579,081) $31,837 (1520,859) 2 1 1995 f0 $5,055,463 5699,248 $4,356,214 SO 54,362,573 $525,057 13,837,486 1518,729 $452,853 8 1 1995 $3,000,000 $5,055,463 5699,248 $7,356,214 $4,015,000 54,362,573 $525,057 57,852,486 (U96,271) $22,457 (1420,507) 2 1 1996 SO $4,875,463 $699,248 $4,176,214 $0 $4,277,254 $525,087 $3,752,167 $424,047 $348,743 8 1 1996 $3,300,000 $4,875,463 0699,248 $7,476.214 34,120,000 54,277,254 $525,087 $7,872,167 (1395,%3) 528,0% (1316,061) 2 1 1997 W $4,677,461 1699,248 $3,978,214 10 14,180,434 $525,067 $3,655,347 1322,867 $250,143 8 1 1997 53,500,000 $4,677,463 1699,248 $7,478,214 $4,115,000 $4,180,434 $525,087 $7,770,347 ISM,133) $30,735 (1219,676) 2 1 19% SO 14,553,213 $699,248 13,853,964 $0 $4,077,559 $525,087 $3,552,472 $301,492 1220,047 8 1 19% $3,800,000 $4,553,213 $699,248 57,653,964 56,375,000 $4,077.559 $525,087 $7,927,472 (1273,508) $27,985 (9193.751) 2 1 1999 SO $4,418,313 $699,248 53,719,064 SO 53,964,903 $525,087 53,439,816 $279,249 1192,001 8 1 1999 54,100,000 $4.418,313 3699,248 $7,819,064 $4,630,000 03,964,903 $525,087 $8,069,816 (1250,751) $28,497 (1167,337) 2 1 2000 SO $4,272,70 $699,248 $3,573,514 SO 53,841,050 $525,087 $3,315,963 5257,551 5166,820 6 1 2000 14,400,000 $4.272,763 5699,248 $7,973,514 $4,885,000 53,841,050 $525,087 18,200,963 (5227,449) $30,102 (1142,990) 2 1 20D1 SO $4,116,563 0699,248 $3,417,314 10 03,706,713 5525,087 $3,181,626 2235,689 5143,813 8 1 2001 fb,700,000 54,116,563 5699,248 $8,117,314 $5,145,000 $3,706,713 5525,087 $8,326,626 (1209,311) 526,377 (5123,962) 2 1 2002 SO 13,949,713 $626,109 53,323,603 10 $3,562,653 $525,087 $3,037,566 $286,037 $164,420 8 1 2002 55,10D,000 $3,949,713 $552,971 58,496,742 55,720,000 $3,562,653 $525,087 $8.757,566 (1260,824) $25,213 (1145,518) 2 1 2GD3 SO $3,768,663 $552,911 $3,215,692 $O 13,399,633 $525,07 52,874,546 041,146 $184,734 8 1 2003 $5,500,000 $3,768,663 $552,971 $8,715,692 96,155,000 53,399,633 5525,087 $9.029,546 (1313,854) $27,292 (5164,957) 2 1 20D4 SO $3,573,413 9552,971 $3.020,442 $O 93,221,138 $525,087 $2,6%,051 9324,391 5165,481 8 1 2004 $6,000,000 13,573,413 9552,971 $9,020,442 $6,625,000 53,221,138 5525,087 $9,321,051 (0300,609) 523,782 (1148,840) 2 1 2005 SO $3,360,413 $552,971 52,807,442 $0 $3,025,700 $525,087 $2,500,613 $306,828 $147,452 8 1 2005 S6,S00,000 $3,360,413 $552,971 59,307,442 57,0%,000 $3,025,700 $525,087 $9,590,613 (1283,172) $23,657 ($132,081) 2 1 20D6 SO $3,129,663 $552,971 $2,576,692 f0 52,813,000 $525,087 $2,267,913 $288,770 $130,735 8 1 2006 17,000,000 $3,129,663 9552,971 $9,576,692 57,550,000 62,813,000 $525,087 $9,837,913 (0261,222) $27,557 (9114,782) 2 1 2007 SO 12,SB1,163 $552,971 52,326,192 10 $2,584,613 $525,087 $2,059,526 $268,666 $114,581 8 1 2007 57,600,000 02.WI,163 5552,971 $9,928,192 58,110,000 92,584,613 $525,087 510,169,526 (5241,334) $27,332 (199,8%) 2 1 2008 f0 $2,611,363 $552,971 $2,058,392 10 52,337,258 $525,087 $1,612,171 $246,221 $98,924 8 1 20% 513,595,000 $2,611,363 5552,971 515,653,392 114,065,000 $2,337,258 $525,087 S15,677,171 (3223,779) 522,442 (187,263) 2 1 2009 SO 12,138,181 $552,971 51,585,210 So $1,904,759 $525,087 11,379,672 $205,538 $77,793 8 1 2009 514,660,000 52,138,181 $552,971 516,245,210 515,040,000 $1,904,759 $525,007 $16,419,672 (5174,462) $31,077 (564,089) 2 1 2010 10 01,627,831 $552,971 $1,074,860 10 11,438,519 $525,087 $913,432 5161,428 $57,558 8 1 2010 015,745,DD0 $1,627,831 5552,971 $16,819,860 116,045,000 $1,438,519 $525,087 516,958,432 (1138,572) $22,857 (547,955) 2 1 2011 SO $1,079,638 $552,971 5526,667 f0 $941,124 $525,087 $416,037 $110,630 $37,159 6 1 2011 $16,965,000 $1,079,638 $12,493,971 15,550,667 512,380,000 $941.124 $7,717,124 $5,604,000 (153,333) $57,297 (517,387) 2 1 2012 so 1688,869 Sn1,6D8 5267,261 so 1557,3" 5199,579 $357,765 (190,504) (128,638) 8 1 2012 $7,005,000 14BB,869 $221,608 07,272,261 16,795,000 1557,344 $199,579 57,152,765 $119,4% $28,992 536,699 2 1 2013 f0 $252,450 $221,608 $30,542 So 1345,000 0199,579 $145,421 (0114,579) (134,155) 8 1 2013 $7,480,000 5252,450 95,207,483 (0475,033) 511,040,000 1345,000 511,929.579 ($564,579) $69,546 (545,033) 520,121 - ---------------------------------------------------------- "...........'-'--'..------.....---.----------.----------- ......-. -.------ -------- TOTALS 5145,350,000 $142,867,038 144,217,664 0243,999,373 $157,05,000 5125,167,383 539,437,353 5243,665,0n. ....- ------ ..-... $530,768 5530o768 SSD0,726 Gross Savings as Percentage of Per Refunded: 0.37E P9 Savings as Percentage of Par Refunded: 0.34% COUNTY SANITATION DISTRICTS No. 1, 2, aid 3 of ORANGE COUNTY, CALIFORNIA C Certificates of Participation - Joint Facilities Project Proposed Serf" D Refunding - Savings Table Scenario 2: Use of Variable-to-Fined Rate Swap to Refund 1986 COPS; Fund DSRF with Bond! Proceeds Series 1986 Refunded COPS Series 1992 Refunding Coma Savings Calculations DSRF Earnings Liquidity DSRF Earnings Semi-Annual $11,941,000 Facility and 810,599,600 Bond Year Present Value 8.000% Net Total Remarketing Fee 5.517% Net Total Net Annual Net Savings at Date Principal. Interest 5.55U% Debt Service Principal Interest 0.325% 5.517% Debt Service SBVf NO ` Savings • 5.517072 10 22 199E f81,560 $81,560 (261,560) ($61,560) 2 1 1993 $0 $4,085,150 $262,702 $3,822,448 f0 51,672,528 S99,124 $160,816 $1,610,835 $2,211,613 f2,178,759 8 1 1993 $2,600,000 E4,085,150 $477,640 $6,207,510 S5,130,000 f3,040,960 9190,572 $292,393 $8,069,138 (f1,861,628) $288,425 ($1,784,741) 2 1 1994 $0 $3,929,150 SAT7,640 S3,451,510 f02,"1'560 $185,358 $292,393 S2,800,545 9650,965 $607,326 8 1 1994 $2,800,000 $3,929,150 S477,640 96,251,510 $3,1110,000 :2,907,550 S182,915 $292,393 S6,60B,102 (f356,592) $294,374 (11323,756) 2 1 1995 SO $3,761,150 S477,640 E3,283,510 SO f2,808,520 $179,043 $292,393 $2,695,170 $588,340 $519,825 8 1 1995 S3,OOD,OOD $3,761,150 f477,640 $6,283,510 f3,690,000 f2,808,520 $176,549 $292,393 f6,582,6T5 (S299,165) $289,175 (S257,230) 2 1 1996 SO $3,581,150 $477,640 $3,103,510 f0 $2,707,380 $172,595 S292,393 E2,587,562 $515,926 E<31,700 6 1 1996 $3,300,000 $3,581,150 S477,640 $6,403,510 54,045,000 $2,707,380 $170,002 S292,393 $6,629,965 ($226,NB) $289,450 (E1B4,417) -2 1 1997 $0 $3,383,150 E477,640 E2,905,510 $0 $2,602,210 $165,891 S292,393 $2,475,707 $429,803 S34D,585 8 1 1997 S3,500,000 $3,383,150 $477,640 $6,405,510 E4.075,000 $2,602,210 $163,278 S292,393 $6,548,094 ($142,584) $287,218 (S109,954) 2 1 1998 f0 f3,258,900 $477,640 f2,781,260 f0 f2,496,260 S159,137 9292,393 E2,363,003 S418,257 E313,B80 8 1 1998 $3,800,000 $3,258,900 "77,"0 f6,581,260 $4,350,000 f2,496,260 f156,347 f292,393 E6,710,214 (E128,954) $289,303 (f94,175) 2 1 19" E0 $3,124,000 f477,640 52,646,360 f0 $2,383,160 $151,926 S292,393 $2,242,693 E403,667 f286,88S 8 1 1999 f4,100,000 f3,124,000 S477,640 $6,746,360 $4,625,000 f2,383,160 $148,961 9292,393 E6,864,727 (S11B,367) $285,300 (f81,865) 2 1 2000 $0 $2,978,450 9477,640 S2,500,810 $0 f2,262,91D $144,261 $292,393 $2,114,777 $386,033 $259,821 8 1 2000 34,400,000 $2,978,450 "77,640 E6,900,810 fb,890,000 $2,262,910 $141,125 $292,393 $7,001,641 ($100,831) f285,202 I 043) 2 1 2001 SO $2,822,250 f477,640 $2,344,610 $0 $2,135,770 S136,155 $292,393 S1,979,532 E365,078 f232,702 8 1 2001 $4,700,0DO S2,822,250 E477,640 $7,044,610 $5,150,000 $2,135,T70 $132,853 $292,393 $7,126,229 (E81,619) $283,459 ($50,62B) 2 1 2002 $0 S2,655,40D 5404,501 E2,250,899 EO $2,001,870 $127,619 $292,393 S1,837,096 $413,803 S249,788 8 1 2002 E5,100,000 S2,655,400 S331,363 $7,424,037 $5,715,000 E2,001,870 $123,954 $292,393 $7,546,431 (S124,394) $289,409 (S73,073) 2 1 2003 $0 f2,474,350 $331,363 f2,142,987 EO f1,853,280 $118,147 S292,393 S1,679,033 $463,954 $265,227 8 1 2003 $5,500,000 E2,474,350 S331,363 $7,642,987 E6,140,000 f1,853,280 E114,209 $292,393 S7,815,096 (S172,109) $291,845 ($95,747) 2 1 2004 $0 $2,279,100 9331,363 $1.947,737 SO $1,693,"0 $107,970 $292,393 11,509,216 $438,521 E237,409 8 1 2004 $6,000,000 $2,279,100 $331,363 $7,947,737 $6,590,000 $1,693,640 $103,744 f292,393 $8,094,990 ($147,253) S291,269 (1177,561) 2 1 2005 SO E2,D66,100 5331,363 f1,734,737 SO f1,522 300 S97,047 $292,393 S1,326,953 S407,784 2209,074 8 1 2005 E6,500,000 $2,066,100 $331,363 98,234,737 S7,030,00D 51,522:300 S92,539 $292,393 $8,352,445 (t117,708) S29D,076 (558,730) 2 1 2006 $0 $1,835,350 $331,363 $1,503,987 SO $1,339,520 S85,394 5292 393 $1,132,521 %371,466 SI80,366 8 1 2006 $7,000,000 SI,835,350 S331,363 E8,503,987 $7,460,000 $1,339,520 $80,611 5292:393 S8,587,737 (1113,750) $287,716 ($39,573) 2 1 2007 $0 $1,586,850 5331,363 $1,255,487 SO $1,145,560 $73,029 $292,393 $926,196 $329,291 $151,419 8 1 2007 $7,600,000 S1,586,850 $331,363 E8,855,487 $7,970,000 $1,145,560 S67,919 $292,393 $8,891,085 (S35,596) $273,693 ($15,930) 2 1 2008 SO S1,317,050 f331,363 $985,687 SO $938,340 S59,819 $292,393 $705,766 $279,921 $121,899 8 1 20M 38,200,000 $1,317,050 $331,363 $9,185,687 f8,480,000 $938,340 S54,381 $292,393 $9,180,328 $5,359 E255,281 $2,271 2 1 2009 SO S1,025,950 $331,363 $694,587 f0 f717,560 545,764 S292,393 $471,230 $223,357 $92,114 8 1 2009 $8,900,000 $1,025,950 $331,363 $9,594,587 f9,D60,000 E717,860 $39,954 $292,393 $9,525,420 $69,167 $292,524 $27,759 2 1 2010 f0 $710,000 S331,363 $378,637 SO $492,300 $30,747 $292,393 $220,653 $157 984 S61,703 8 1 2010 $9,600,000 $710,000 $331,363 $9,978,637 f9,635,000 $482,300 $24,568 $292,393 $9,849,475 $129:162 $287,147 E49,092 2 1 2011 SO $369,200 $331,363 $37,837 SO 1131,790 S14,777 $292,393 (245,827) S83,664 $30,945 8 1 2011 S10,4UD,000 $369,200 S12,272,363 (f1,503,163) f8,915,000 $231:790 $9,060 $10,891,993 (21,736,144) $232,981 $316,645 $83,561 ...............................I.........--......... --........ ..------- ..------------------------ ..-------......------.___ __............------------..__..-*- TOTALS 2107,000,000 $94,485,400 $27,023,976 $174,461,424 E116,960,000 S69,173,988 $4,408,901 f21,578,973 $168,963,916 55,517,SOB f5,517,508 $3,559,407 Gross Sayings as Percentage of Per RefuMed: 5.16% PV Savings as Percentage of Per Reflmded: 3.33% (`) NOTE: The savings added at the delivery date equals the assumed cost of the bondholder comment election otherwise contemplated by the District minus the first liquidity fee psynwnt. COUNTY SANITATION DISTRICTS W. 1, 2, and 3 of ORANGE COUNTY, CALIFORNIA Certificates of Participation - Joint Facilities Project Proposed Series D Refunding - Savings Table Scenario 2A: Use of Variable-to-Fixed Rate Swp to Refund Serf" 1986 and 0 COPS; Fund DSRF aith Bad Proceeds Series 1986 and B Refunded Cops Series D Refunding COPS savings Calculations DSRF Earnings $11,941,000 Liquidity DSRF Earnings Semi-Anwal $11,941,000 Facility and $16,383,500 Bond Year Present Value $.COD% Net Total Remarketing Fee 5.550% Net Total Net Annual Net Savings at ings Oats Principal Interest ...... Debt Service Principal Interest 0. ... ...... Debt Service ..--. ' Savings ` ..61515X 10 22 1992 f114,278 $114,276 (f94,278) (f94,278) 2 1 1993 SO SS,379,463 S262,TD2 $5,116,761 s0 S2,387,895 S138,901 $250,053 $2,276,743 $2,840,017 $2,797,095 8 1 1993 $2,600,000 $5.379,463 11477,640 $7,501.823 f5,66D,000 $4,341,628 f268,028 1454,642 $9,815,013 ($2,313,191) $432,548 ($2,216,014) 2 1 1994 s0 S5,223,463 f477,640 $4,745,823 tO S4,191,638 $262,274 5454,662 S3,999,269 f746,553 9695,660 8 1 1994 S2,B00,000 55,223,463 t477,640 $7,545.523 S3,555,000 t4,191,655 t259,T81 5454,64E $7.BB1,777 ($335,954) f410,599 (S304,503) 2 1 1995 s0 $5,055,463 f477,640 f4,577,823 SO S4,088,685 $255,832 f454,642 S3,889,875 1687,948 f606,514 8 1 1995 $3,000,000 $5,055,463 $477,640 $7,577,923 $3,970,000 S4,Oa8,685 f253,285 S454,642 $7,857,328 (s279,505) S408,442 ($239,691) 2 1 1996 SO S4,8T5.463 t47r,640 $4,397,823 $0 $3963,460 t249,249 1454,642 53,776,08T 5619,T35 %516,942 8 1 1996 S3,300,DOO SA 875,463 f677,640 $7,697,823 34,130,000 S3,953,480 $246,600 s454,642 S7,905,438 (S207,615) 1412,120 (S16B,449) 2 1 1997 SO f4,677,463 $477,640 S4,199,823 90 $3,874,035 $242,401 S454,642 $3,661,794 $535,D28 1424,610 8 1 1997 S3.SO0,000 14,677,463 S477,640 S7,699,823 t4,17O.000 $3,874,035 $219,726 %54,642 $7,829.119 (1129,296) f408,732 (f99,254) 2 1 1998 s0 $4,553,213 $477,640 S4,075,573 $0 S3,763,530 $235,487 $454,642 S3,544,375 $531,198 $396,635 8 1 1998 $3,800,000 34,553.213 $477,640 $7,875,573 f4,450,000 S3,763,530 $232,632 f454,642 t7,991,520 (S115,947) 5415,250 (SB4,2111 2 1 1999 f0 f4,418,313 s4T7.640 f3.94D,673 $0 $3,645.605 $228,108 $454,642 $3.419.071 S521,601 $368,488 'e 1 1999 $4,100,000 $4,418,313 f477,640 f8,04D,675 $4,735,000 $1,645,605 SEES,070 $454,642 $8,151,033 ($110,361) 1411,241 (475,836) 2 1 2000 $0 54.272,763 1477,640 $3,195,123 SO $3,520,128 $220,257 $454,642 S3,285.742 $509,380 f340,468 8 1 2000 K,400,000 S4.272,763 f477,640 $8,195,123 $5,005,000 $3,520,123 1217,046 K54,642 f8,287,531 ($92,409) W6,971 (560,079) 2 1 2001 $0 $4,116.563 S477,640 $3,638,923 $0 $3,387,495 $211,958 $454,642 $3,144,811 f494,112 S312,471 8 1 2001 $4,700,000 54,116,563 t477,640 $6,338,923 $5,285,000 $3,387,495 $208,567 $454,662 f8,426,420 (f87,498) $406,614 (S53,822) 2 1 2002 s0 $3,949,713 t404,501 $3,545,211 f0 S3,247,443 $203,195 f654,642 f2,995,995 f549,216 f328,607 8 1 2002 $5,100,000 $3,949,713 031,363 f8,718,350 $5,860,000 S3,247,443 f199,435 S454,642 S8,852,236 (1133,886) $415,330 (S77,919) 2 1 2003 f0 S3.768,663 $331,363 $3,437,300 f0 S3,092,153 s193,478 $454,642 $2,830,959 $606,311 $343,225 8 1 2003 $5,500.000 $3,768,663 $331,363 S8,937,300 f6,310,000 t3,092,153 f189,430 $454,642 S9,136,940 (S199,641) f6D6,670 (1109,928) 2 1 20D4 SO 53,513.473 S331,363 13,242,050 $O $2,924,938 S183,016 3454,642 S2,653,111 SSB8,739 $315,324 8 1 2004 f6,000,000 $3 573,413 S331,363 $9,242,050 $6,780,000 $2,924,938 $178,666 f454,642 f9,428,961 (4186,911) 3401,827 (f97,374) 2 1 2005 f0 53:360,413 $351,363 S3,029,050 $0 S2,745,268 f171,T73 1,454,642 f2,462,399 $566,651 $287,144 8 1 2005 S6,500,000 $3,360,413 $331,363 $9,529,050 $7,225,000 $2,745,265 $167,135 $454,642 $9,682,764 (f153,714) $412,937 (S75,765) 2 1 2006 s0 $3,129,663 $331,363 $2,798,300 $0 $2,553.805 f159,794 $454,642 $2,258,956 $539,343 $258,582 8 1 2006 f7,000,000 S3,129,663 $331,363 $9,798,300 f7r670,000 52,553,805 $154,873 5454,64E 89,924,036 (f125,736) E413,608 (E58,676) 2 1 2007 SO S2,881,163 $331,363 s2,549,800 $0 $2,350,550 S14T,076 $454,642 S2,042,984 S506,816 $229,597 8 1 2007 $1,600,000 $2,881,163 $331:363 $10,149,800 S8,210,000 f2,350,550 S141,808 $454,642 S10,247,7% (f97,917) $011,900 (f43,203) 2 1 2008 SO t2.611,363 $331.363 S2,280,000 $O $2,132,985 $133,462 5454,642 S1,811,805 f460,194 $200,937 6 1 2008 t13,595,000 $2,611,30 t331.363 t15,875,000 $14,120.000 52,112,985 $124,404 S454,642 515,922,746 (t47,747) YQ0,448 (219 932) 2 1 20M $0 S2,138,181 $331 363 51,806.819 s0 s1,758,805 SIID,050 $454,642 $1,414,213 $392,606 $159,419 8 1 20D9 f14,660,000 $2,158,181 $331:363 $16,466.819 f15,D40,000 t1,758,805 S10D,01 $454,642 $16,444,564 S22,255 S414,861 18,790 2 1 2010 to $1,627,831 $331,363 S1,296.469 $0 $1,360.245 $65,112 5454,642 $990,714 $305,754 f1t7,464 8 1 201D $15,745,000 11,627,831 S331,363 f17,D41,469 $15,955,000 $1,360,245 f74,875 3454,642 $16,935,478 $105,990 1411,744 $39,607 2 1 2011 SO S1.079,638 $331,363 s748,275 s0 $937,438 f58,656 S454,642 $541,452 f206,a23 S75,176 a 1 2011 $16,965,000 $1,079,638 $12,272:363 f5,772,275 S5,035,000 $937,438 $55,426 $454,642 S5,573.221 $199,053 3405,877 170,376 2 1 2012 s0 f488,869 f0 3488,869 s0 "",DID $50,308 M54,642 $399,675 S89 193 530,674 8 1 2012 $7,005,000 $408,869 f0 $7,493,569 $6,790,000 SBO4,010 t45,951 $454,642 $7,185,319 $308:550 $397,743 5103,212 2 1 2013 SO s252,450 se $252,450 s0 $624.015 $39,049 $454,642 $206,482 $43,968 f14,306 8 1 2013 S7,480,000 S252,450 s0 $7,732,450 $23,550,000 $624.075 $23,940 t16,S38,142 S7,359.873 f372,577 S416,545 S117,916 ..................................................... .......................•..........................------------...... ..................................... TOTALS $145,350,000 $142,067.038 $27,023,976 $261,193,062 $163,835,000 $116,702,158 f7,300,798 S35,273,880 $252,564,055 $8,649,007 $8,649,007 S5,280,645 Gross savings as Percentage of Par Refunded: 5.95% - PV Savings as Percentage of Per Refunded: 3.63X P) NOTE: The aMrp added et the delivery date equals the assumed coat of the bondholder consent election otherwise contempteted by the District minus the first liquidity fee payment. [ ! [ 1 l [ [ [ COUNTY SANITATION DISTRICTS No. 1, 2, and 3 of ORANGE COUNTY, CALIFORNIA Certificates of Participation - Joint Facilities Project Proposed Series D Refunding - Savings Table Scenario 3: Use of Variable-to-Fi Ned Rote Swap to Refund 19M COPs; Fund DSRF with Nudeipal Reserve Surety Policy Series 19M Refunded Cope Series 1992 Refunding COPa Savings Caleulatlone HAT Earnings Liquidity DSRF Earnings S.1-AOaal 311,941,wO Facility and SD Bond Tear Present Value 8.000% Net Total Remerkettng Fee 0.000% Net Total Net Annual Net Savings at Date Principal Interest 5.550% Debt Service Principal Interest 0.325% O.00D% Debt Service Swims • Savings • 5.51385% --------------------------------------------------------------- -------------------------------------................................. .........................'---'......... 10 22 199Z $74,368 $74,368 $33,356 $33,356 2 1 1993 $D S4,DB5,150 $262,702 $3,822,448 s0 $1,631,246 $90,293 SD $1,721,538 $2,100,910 $2,069,718 8 1 1993 $2,600,000 54,035,150 5477,640 $6,207,510 $5,055,000 S2,T70,G40 $173,349 s0 $7,998,389 ($1,790,879) $343,387 (s1,716,955) 2 1 1994 SO $3,929,150 5477,640 $3,451,510 SO 52,638,610 5168,211 so 52,806,821 $644,689 3601,495 8 1 1994 $2,800,000 $3,929,150 $477,640 $6,251,510 $3,765,000 $2,638,610 s16S,797 so $6,569,407 ($317,897) $326,792 (SM,640) 2 1 1995 $O $3,761,150 $477,640 s3,283,510 $O $2,540,720 f161,971 so $2,702,691 $580,819 5513,216 8 1 1995 53,000,000 93,761,150 $477,640 $6,283,510 $3,845,000 $2,540,720 $159,505 SO $6,545.225 ($261,715) $319,104 (S22S,049) 2 1 19% $O $3,581,150 5477,640 13,103,510 SO $2,440,750 $155,598 SO 52,5%,348 $507,162 $424,409 8 1 1996 53,300,000 $3,581,150 1477,640 56,403,510 83,995,000 $2,440,750 $153,036 SO $6,588,786 ($185,276) $321,M (5150,885) 2 1 1997 SO $3,383,150 s477,640 $2,905,510 $O s2,336,880 $148,976 $O $2,485,856 $419,654 5332,585 8 1 1997 $3,500,000 53,383,150 5477,640 $6,405,510 $4,020,000 $2,336,880 $146,398 $O $6,503,278 (597,768) S321,aa6 (575,403) 2 1 1998 s0 $3,258,900 5477,640 52,781,260 s0 52,232,360 $142,313 SO $2,374,673 5606,587 $305,173 8 1 1998 $3,800,000 $3,258,900 s477,640 56,581,260 $4,290,000 $2,232,360 $139.562 s0 $6,661,922 (580,662) 1325,925 (556,918) 2 1 1999 SO 53,124,000 $477,640 52,646,360 $0 $2,120,820 $135,202 s0 52,256,022 f390,338 5277,467 8 1 1999 $4,100,000 $3,124,000 S417,640 $6,746,360 54,555,000 $2,120,820 $132,2111 s0 $6,808,101 (161,741) $328,596 ($42,711) 2 1 2000 $D $2,978,450 5477,640 $2.500,810 f0 $2,002,390 $127,652 so $2,130,042 s370,768 5249,603 8 1 2000 $4,400,000 $2,978,450 $477,640 $6,900,810 54,815,000 $2,002,390 $124,565 s0 S6,941,955 (f41,145) $329,623 (126,956) 2 1 2001 $0 52,822,250 $477,640 52,344,610 SO $1,877,200 $119,672 s0 51,996,872 5347,739 $221,707 8 1 2001 $4,700,000 52,822,250 $477,640 57,044,610 $5,065,000 51,877,200 $116.424 SO S7,G58,624 ($14,014) $333,725 ($8,695) 2 1 2002 S0 $2,655,400 5404,501 $2,250,899 $0 $1,745,510 1111,276 s0 $1,856,786 W94,112 f237,971 8 1 2002 SS,100,000 52,655,400 5331,363 f7,424,037 55,640,000 $1,745,510 $107,660 SO $7,493,170 (569,132) 5324,980 (540,623) 2 1 2003 W $2,474,350 $331,363 52,142,987 SO $1,598,870 $101,928 s0 51,700,7% $442,169 5252,866 8 1 2003 55,500,0130 $2,474,350 5331,363 $7,642,987 S6,065,000 $1,598,870 S98,039 s0 $7,761,909 ($118,922) $323,268 (566,181) 2 1 2004 SO $2,279,100 $331,363 $1,947,737 SO si'"I,180 591,875 $0 $1,533,055 s414,682 $224,582 8 1 2004 S6,DDO,000 $2,279.100 5331,363 $7,947,737 $6,500,000 51,441,180 587,707 $0 58,028,887 (581,150) $333,532 (542,770) 2 1 2005 So S2,D66,100 5331,363 $1,734,737 SO $1,272,180 s81,101 $O $1,353,281 $381,456 $195,651 8 1 2005 16,500,000 52,066,100 $331,363 $8,234,737 f6,930,000 $1,272,180 $76,658 s0 58,278,838 (1144,100) $337,355 ($22,012) 2 1 2006 10 $1,835,350 $331,363 $1,503,987 SO $1,092,000 f69,615 SO $1,161,615 5342,372 $166,308 8 1 2006 57,000,000 $1,835,350 $331,363 $8,503,987 $7,355,000 $1,092,000 $64,899 $O $8,511,899 (17,911) 1334,461 ($3,740) 2 1 2OD7 90 $1,586,850 $331,363 $1,255,487 s0 $900,770 $57,424 s0 1958,194 5297,293 $136,766 8 1 2007 $7,600,000 $1,586,850 $331,363 $8,855.487 $7,865,000 $900,770 $52,381 s0 58,818,151 $37,337 $334,630 $16,715 2 1 200E s0 $1,317,050 $331,363 5985,687 so $696,280 544,38E $O $740,668 $245,019 $106,751 8 1 20% 18,200,000 51,317,050 $331,363 $9,155,687 $8,350,000 $696,280 539,033 s0 f9,055,313 $100,374 045,393 542,558 2 1 20M $O $1,025,950 S331r363 $694,587 s0 "n,IN $30,548 $O $509,728 $184,860 $76,276 8 1 2009 S5,900,000 $1,025,950 $331,363 $9,594,587 58,935,000 9479,180 524,818 s0 $9,438,998 $155,569 $340,469 $62,476 2 1 2010 s0 $710,000 $331,363 $378,637 $O $246,870 515,73E SO $262,608 5116,029 $0,341 8 1 2010 $9,600.000 5710,000 $331,363 $9,978,637 $9,495,000 f246,870 $9,649 s0 59,751,519 11227,118 S341,147 586,371 2 1 2011 SO $369,200 $331,363 $37,837 s0 SO s0 SO s0 $37,837 $14,003 6 1 2011 $10,400,800 $369,200 $12,272,363 (91,503,163) s0 s0 SO SO $O (11,503,163) (f1,465,326) ($541,376) TOTALS 5107,000,000 $94,485,400 R7,023,976 f174,461,424 f106,540,000 i59,726,426 f3,799,909 $O $170,066,M f4,502,813 U,502,813 S3,31R,451 Groan Savings as Percentage of Per Refunded: 4.21% PV Savings as Percentage of Par Refunded: MISS (•) NOTE: The Swims added at the delivery date equals the accrued Interest plw the assured cast of the bondholder consent election otherwise centeoplated by the District minus the first liquidity fee payment. a � � [ s � fl � � � • � t � e e [ � t s COUNTY SANITATION DISTRICTS No. 1, 2, and 3 of ORANGE COUNTY, CALIFORNIA Certificates of Participation - Joint Facilities Proj act Proposed Series D Refunding - Savings Table Scenario 3A: Use of Variable-to-Fixed Rate Swap to Refuel Series 1986 and 6 COPs; Fund DSRF with Municipal Reserve Surety Policy Series 1986 and S Refunded COPS Series D Refunding COPS Savings Calculations DSRF Earnings $19,926,875 Liquidity DSRF Earnings Sant-Annual $11,941,OCO Facility and s0 Bond Year Present Value 8.000% Net Tout Reiarketing Fee 0.000% Net Total Net Annual Net Savings at Date Prim 1pel I1lterast 5.550%Debt Service Principal Interest 0.325% 0.00D% Debt Service Savings • Savings a 5.61245% ................................................................ ..................................................---............... ....................................... 10 22 1992 $97,557 197,557 $66,433 $66,433 2 1 1993 $0 $5,379,463 2386,586 $4,994,876 $0 $2,180,08 $118,456 $0 $2,298,865 $2,696,011 f2,655,285 8 1 1993 $2,600,000 S5,379,463 $699,248 $7,280,214 $5,740,000 $3,702,580 $227,991 $O $9,670,571 ($2,390,356) $372,088 ($2,289,984) 2 1 1994 $0 $5,223,463 5699,248 54,524,214 SO $3,550,470 $222,156 $O 93,772,66 $751,589 $700,375 8 1 1994 92,800,000 $5,223,463 s699,248 $7,324,214 $3,565,000 f3,550,470 S219,676 SO $7,635,146 (L310,931) $440,657 ($281,836) 2 1 1995 $0 $5,055,463 9699,248 $4,356,214 $0 S3,448,D48 $215,747 $0 $3,663,794 $692,420 $610,494 8 1 1995 $3,000,000 $5,055,463 S699,248 $7,356,214 $3,945,000 $3,448,048 S213,216 SO 97,606,263 (f250,049) $442,371 (L214,446) 2 1 1996 $O $4,875,463 S699,248 S4,176,214 SO $3,343,505 S209,206 $0 $3,552,711 $623,504 $520,130 8 1 1996 $3,300,000 $4,875,463 S699,248 17,476,214 $4,110,00 $3,343,505 $206,569 SO $7,660,074 ($183,859) 3439,644 (S149,190) 2 1 1997 $0 $4,677,463 8699,246 0,978,214 SO $3,234,590 $202,391 SO 53,436,981 $541,234 f427,180 8 1 1997 $3,500,000 34,677,463 S699,248 f7,478,214 t4,150,00 f3,234,590 sl",728 t0 f7,5a4,318 ($106,104) $435.130 ($81,460) 2 1 1998 f0 $4,553,213 $699.248 $3.853,964 $0 $3,124,615 $195,510 SO $3,320,125 $533,840 $398,663 8 1 1998 $3,00,000 $4,553,213 $699,68 $7,653,964 $4,430,00 $3,124,615 $192,667 SO $7,747,282 (t93,318) 5440,522 (t67,786) 2 1 19as f0 $4,418,313 S699,248 $3,719,064 $0 $3,007,220 SIBB,164 $0 $3,195,364 $523,660 $370,018 8 1 1999 34,100,00 54,418,313 S699,248 $7,819,064 f8,710,00 $3,007,220 $185,142 $0 $7,902,362 (f83,298) $440.383 (S57,249) 2 1 2000 $0 54,272,763 5699,248 $3,573,514 f0 $2,882,405 $180,354 SO $3,062,759 SS10,755 f361,453 8 1 2000 54,400,000 54.272,763 $699,248 $7,973,914 34,90,00 $2,852,405 $177,159 $0 58,039,564 (t66,050) L444,705 (S42,951) 2 1 2001 $O $4,116,963 S699,248 $3,417,314 $0 $2,750,435 $172,097 SO $2,922,532 1494,783 $312,963 8 1 2001 $4,700,000 $4,116,563 S699,248 $8,117,314 $5,250,00 $2,750,435 $163,729 SO $8,169,164 (551,849) t442,934 ($31,901) 2 1 2002 f0 $3,949,713 1626,109 $3,323,603 f0 $2,611,310 $163,392 $0 $2,774,702 $548,901 S328,499 8 1 2002 S5,100,000 $3,949,713 $552,971 $8,496,742 $5.835,000 S2,611,310 $159,648 $0 88,605,958 (5109,216) S439,685 (563,578) 2 1 2003 f0 53,768,663 $552,971 $3,215,692 $0 52,456,683 $153,716 $0 $2,610,399 BIOS,293 5342,741 8 1 2003 $5,500,00 13,768,663 $552,971 58,715,692 $6,275,000 $2,456,683 $149,691 $0 $8,881,373 (t165,681) $439,611 (S91,255) 2 1 2C04 $0 $3,573,413 $552,971 $3,020,442 $0 S2,290,395 S143,312 SO $2,433,707 $586,735 $314,343 8 1 200 $6,000,00 $3,573,413 $552,971 $9,020,442 $6,745,000 S2,290,395 $138,964 SO $9,174,379 ($153,938) 5432,797 (SB0,221) 2 1 2005 $0 t3,360,413 S552,971 f2,e07,462 $0 $2,10,653 $132,128 SO S2,243,70 $563,662 S235,721 8 1 2005 16,500,000 $3,30,413 t552,971 S9,307,442 $7,190,000 $2,111,653 $127,515 SO $9,429,167 (S121,76) SK1,936 (S60,019) 2 1 2006 0 S3,129,663 $552,971 $2,576,692 $0 $1,921,118 5120,2D6 s0 $2,041,323 f535,36B $256.766 8 1 2006 $7,000,000 $3,129,663 S552,971 $9,576,692 $7,635,000 $1,921,118 $115,307 f0 S9,671,425 (594,733) $440,635 (S44,194) 2 1 20D7 $0 S2,1111,163 $552,971 $2,328,192 $0 $1,718,790 $107,546 $O $1,826,336 $501,856 S227,732 8 1 2007 $7,600,000 f2,881,163 f552,971 S9,928,192 $8,170,000 S1,118,790 $102,304 $O S9,991,094 (862,903) $438,953 (S27,765) 2 1 2008 $0 $2,611,363 $552,971 $2,050.392 20 $1,502,285 593,999 so $1,596,284 $462,1011 $198,404 8 1 2008 $13,595,000 $2,611,363 $552,971 $15,653,392 $14,05,000 $1,502,285 $8,6,963 $O S15,672,248 (518,856) $443,252 (57,875) 2 1 2009 $0 $2,135.181 S552,971 $1,505,210 f0 S1,129,033 $70,644 SO $1,199,67T L3B5,534 $156,614 8 1 2009 114,660,00 $2,138,181 $552,971 $16,245,210 $15,000,D00 $1,129,033 $61,021 SO $16,190,053 $55,157 $440,691 f21,795 2 1 2010 $0 $1,627,831 $552,971 $1,074,860 SO $731,533 $45,773 So $777,305 $297,555 S114,366 8 1 2010 $15,745,000 $1,627,831 $552,971 $16,819,860 $15,905,000 $731,533 S35,568 $O $16,672,101 $147,759 $445,315 f55,241 2 1 2D11 SO $1,079,638 $552,971 $526,667 0 $310,050 $19,40 so S329,450 $197,217 S71,719 8 1 2011 516,965,000 t1,079,638 $12,493.971 15.550.667 $4,90,00 $310,050 $16,205 20 $5,306,255 $244,412 $441,628 f86,456 6 $ 8 1 2012 $7,005,000 5488,869 S221,60 $7,272,61 f6,720,0 0 $178,080 $6,831 SO S6s904,911 $367,349 SA45,388 $122,945 2 1 2013 f0 S252,450 $221,608 $30,942 $0 f0 ce 0 t0 $30,842 $10,040 8 1 2013 S7,48D,000 $252,450 $8,207,483 (S475,033) ce SO SO SO SO (S475,D33) ($444,191) ($150,424) ----------------------------------------------------- -------------------------------------------------------------------- --------------------------------------- TOTALS $145,350,000 f142,867,038 344,217,664 $243,999,373 $139,nO,00 S90,687,418 $5,651,810 $O $235,859,228 S5,304,134 $0,304,134 $5,281,102 Grose Savings as Percentage of Per Refueled: 5.71% PV Savings as Percentage of Par Refuded: 3.63% I-) NOTE: The savings added at the delivery dote equals the accrued interest plus the assured east of the bondholder cement election otherwise ceteaplated by the District Dims the first liquidity fee poyment. COUNTY SANITATION DISTRICTS Nos. 1, 2, and 3 of ORANGE COUNTY, GLIFORNIA O° Certificates of Participation - Joint FaciUtles Project Proposed Series D Refunding ADDITIONAL SAVINGS RESULTING FRON ANNUAL PRINCIPAL PAYMENTS L� Assumed Post-Refunding ADDITIONAL PRESENT VALUE Aeount of Money Market Estimated INVESTMENT EARNINGS OF ADDITIONAL Semi-Annual FU d Earnings Earnings Rate on ACCRUING TO CSDDC INVESTMENT EARNINGS Principal Rate a Deposited A is FROM REFUNDING ACCRUING TO CSOOC AT: Date Deposit 3.5005 8.500% TRANSACTION 5.51707% ----------------------------------.---------------------------------------............................ r 10 22 1992 2 1 1993 $1,300,000 SO SO w to 8 1 1993 SO $22,750 $55,250 $32,500 531,158 2 1 19% $1,400,000 w w w w 8 1 1994 w $24,500 559,50D $35,000 $31,777 2 1 1995 $1,500,000 w So w w a 1 1995 w $26,250 $63,750 $37,500 $32,243 2 1 1996 $1,650,000 w w w w 8 1 1996 w $28,875 S70,125 $41,250 03,589 .e 2 1 1997 $1,750,000 SO w w w 8 1 1997 w $30,625 $74,375 U3,750 $33,738 2 11998 $1,900,000 w w w w 8 1 1998 w $33,250 $90,750 U7,500 534,689 2 1 1999 $2,050,000 w SO SO w r 8 1 1999 w $35,975 S87,125 S51,250 S35,446 2 1 2000 92,200,000 SO SO w SO 8 1 2000 w S38,500 S93,500 $55,000 S36,024 2 1 2001 $2,350,000 w SO SO SO 8 1 2001 SO U1,125 S99,a75 S58,750 836,442 2 1 2002 92,550,090 SO w w w 8 1 2002 w U4,625 S1D8,375 W 750 537,U9 2 1 2003 $2,750,000 w SO w SO 8 1 2003 w 548,125 $116,875 868,75o S38,247 2 1 20D4 $3,000,000 SO to SO 0 8 1 20D4 w $52,500 S127,50D $75,000 $39,514 2 1 2OD5 S3,250,000 SO So SO SO 8 1 2005 SO S56,875 $138,125 S81,250 UO,539 2 12006 $3,500,000 so so w so 8 1 2006 w S61,250 $148,750 587,500 W,345 2 1 2007 $3,800,000 SO SO SO 0 8 1 2007 to S66,500 S161,500 $95,000 $42,511 2 1 2008 U,10D,000 SO SO SO w r 8 1 2008 SO S71,750 S174,250 $102,500 $43,438 2 12OD9 s4,450,00D w so w s0 8 1 2009 w $77,875 $189,125 S111,250 U4,649 2 12010 $4,800,000 w w w w 8 1 2010 w $84,000 S2U,Dw $120,000 U5,609 an 2 1 2011 $5,200,000 w w w SO 8 1 2011 w $91,000 S221,000 $130,000 U6,793 ----- ------------------------------------------------------------------------------------- $53,50D,000 S936,250 $2,273,750 S1,337,500 Sn5,202 rd r w� w COUNTY SANITATION DISTRICTS Now. 1, 2, and 3 of CRANTWE COUNTY, CALIFORNIA Certifimtes of Partieipatim ed Propmed Series 0 Refmdirg Smnarie 1: Refvdim Series 1986 COPS with Fixed Rote COPS 09/09/92 SOURCES AND USES OF FUNDS SCURCES: PAR AMOUNT OF BONDS 117,990,000.00 PROCEEDS FROM SALE OF 1986 DEAF 13,120,173.75 m ACCRUED INTEREST 128,723.10 ................ TOTAL SOURCES S 131,238,8%.85 USES: ESCROW FUND FOR 1986 COPS 118,367,933.77 DEBT SERVICE RESERVE FUND 11,043,380.00 INSURANCE COST 495,543.04 UNDERWITER'S 01SDOUNT 1,002,915.03 OTHER ISSUE COST 200,000.00 s' ACCRUED INTEREST 128,723.10 BALANCING AMOUNT 401.94 ---------------- TOTAL USES S 131,238,806.85 aS"S Not" ARBITRAGE BOND YIELD = 5.967274% DEFEASANCE ESCROW YIELD = 5.114927% S v/ ' COUTY SANITATION DISTRICTS Mos. 1, 2, and 3 of ORANGE COUNTY, CALIFORNIA Certificates of Participation s Prapeced Series D Refv in9 Scenario 1: Refunding using Fixed Rate CD+s DEBT SERVICE REPORT DATE PRINCIPAL COUPON INTEREST ACCRETION TOTAL m 08/01/93 5,300,000.00 3.250 5,259,257.97 0.00 10,559,257.97 08/01/94 3,940,000.00 3.800 6,447,795.00 0.00 10,367,795.00 08/01/95 3,955.DDD.00 4.250 6,298,075.00 0.00 10,253,075.00 08/01/96 4,060,000.00 4.700 6,129,987.50 0.00 10,189,987.50 08/01/97 4,060,000.00 5.ODO 5,939,167.50 0.00 9,999,167.50 06/01/98 4,310,000.00 5.150 5,736,167.50 0.00 10,046,167.50 OS/01/99 4,565,000.00 5.350 5,514,202.50 0.00 10,079,202.50 08/01/00 4,815,000.00 5.500 5,269,975.00 0.00 10,084,975.OD 08/01/01 5,070,000.00 5.600 5,005,150.00 0.00 10,075,150.00 08/01/02 5,640,000.00 5.700 4,721,230.00 0.00 10,361,230.00 05/01/03 6,070,000.00 5.SD0 4,399,750.00 0.00 1D,469,750.00 08/01/04 6,530,ODD.OD 5.900 4,047,690.00 0.00 10,577,690.00 08/01/05 6,990,ODO.00 6.000 3,662,420.00 0.00 10,652,420.00 08/01/06 7,450,OD0.00 6.050 3,243,020.00 0.00 10,693,020.00 08/01/07 8,000,000.00 6.100 2,792,295.00 0.00 10,792,295.00 08/01/08 8,550,000.00 6.150 2,304,295.00 0.00 10,854,295.00 08/01/09 9,195,000.00 6.200 1,778,470.00 0.00 10,973,470.00 08/01/10 9,835,000.00 6.200 1,208,380.00 0.00 11,043,380.00 08/01/11 9,655,DDO.00 6.200 598,610.00 0.00 10,253,610.D0 ................ ................ ............_.._ ...__......""--- 117,990,000.00 80,355,937.97 0.00 198,345,937.97 Dated Date: 10/15/92 Delivery Date: 10/22/92 Accrued Interest-. US,723.10 r COUNTY SANITATION DISTRICTS Nos. 1, 2, and 3 of ORANGE COUNTY, CALIFORNIA Certificates of Participation ee Proposed Series D Refunding Scenario 1: Refunding using Fixed Rate COPS PROOF OF YIELD REPORT Assures Semiamual Canpo ndinB Based on a 360-day Year Delivery Date: 10/22/92 Yteld: 5.%727386 DATE PRINCIPAL COUPON INTEREST ACCRETION TOTAL PV FACTOR PRESENT VALUE -------- ---------------- ------- ---------------- ---------------- ---------------- ----------- ---------------- Y 02/01/0 1,949,235.47 1,949,235.47 0.98396007 1,917,969.88 O8/01/93 5,300,000.00 3.250 3,310,022.50 0.00 8,610,022.50 0.95545283 8,226,470.36 02101/94 3,223,897.50 3,223,897.50 0.92777150 2,991,040.21 O8/01/94 3,940,000.00 3.800 3,223,897.50 0.00 7,163,897.50 0.90089215 6,453,898.99 ae 02/01/95 3,149,037.50 3,149,037.50 0.87479154 2,754,751.37 O8/01/95 3,955,000.00 4.250 3,149,037.50 0.00 7,104,037.50 0.86944712 6,034,504.23 O/01/% 3,664,993.75 3,064,993.75 0.a2483698 2,528,120.20 08/01/96 4,060,000.00 4.700 3,064,993.75 0.00 7,124,993.75 0.80093985 5,706,691.40 02/01/97 2,969,583.75 2,969,583.75 0.77/73506 2,309,549.38 O8/01/97 4,060,000.00 5.000 2,969,583.75 0.00 7,029,583.75 0.75520255 5,308,759.60 02/01/98 2,868,083.75 2,868,003.75 0.73332286 2,103,231.38 O8/01/90 4,310,000.00 5.150 2,868,083.75 0.00 7,178,083.75 0.71207707 5,111,348.63 02/01/99 2,757,101.25 2,757.101.25 0.69144651 1,906,388.85 s OB/01199 4,565,000.00 5.350 2,757,101.25 0.00 7,322,101.25 0.67141424 4,916,163.06 02/01/00 2,634,987.50 2,634,987.50 0.65196206 1,717,911.88 08/01/00 4,815,000.00 5.500 2,634,987.50 0.00 7,K9,987.50 0.63307345 4,716,389.28 02/01/01 2,502,575.00 2,502,575.00 0.61473207 1,538,413.12 We 08/01/01 5,070,000.00 5.600 2,502,575.00 0.00 7,572,575.00 0.59692209 4,520,237.27 02/01/02 2,360,615.00 2,360,615.00 0.57962809 1,368,278.76 08/01/02 5,640,000.00 5.700 2,360,615.00 0.00 8,030,615.00 0.56283513 4,503,027.20 02/01/03 2,199,875.00 2,199,875.00 0.54652870 1,202,294.82 08/01/03 6,07D,OOO.00 5.800 2,199,875.00 0.00 8,269,875.00 0.53069470 4,388,778.81 02/01/04 2,023,845.00 2,023,845.00 0.51531944 1.042,926.66 08/01/04 6,53D,000.00 5.900 2,023,845.00 0.00 8,553,545.00 0.50038M 4,280,255.31 s/ 02/01/05 1,831,210.00 1,831,210.00 0.48589236 889,770.95 08/01/05 6,990,000.00 6.000 1,831.210.00 0.00 8,821,210.00 0.47181511 4,161,990.19 02/01/06 1,621,510.00 1,621,510.00 0.45814571 742,887.85 DB/01/06 7,450,000.00 6.050 1,621,510.03 O.OD 9,071,510.00 0.44487233 4,035,663.92 02/01/07 1,3%,147.50 1,396,147.50 0.43198351 603,112.70 OB/01107 8,000,000.00 6.100 1,396,147.50 0.00 9,396,147.50 0.41946811 3,941,384.21 02/01/08 1,152,147.50 1,152,147.50 0.40731530 469,287.30 V�J 08/01/08 8,550,000.00 6.150 1,152,147.50 0.00 9,702,147.50 0.39551458 3,837,340.79 02/01/09 BB9,235.00 889,235.00 0.38405575 341,515.81 08101/O9 9,1%,000.00 6.200 SB9,235.00 0.00 10,084,235.00 0.37292891 3,760,702.72 02/01/10 604,190.00 604,190.00 0.36212443 218,791.% 08/01/10 9,835,000.00 6.200 604,190.00 0.00 10,439,190.00 0.35163295 3,670,763.45 02/01/11 299,305.00 299,305.00 0.341K548 102,1%.34 08/01/11 9,655,DDO.00 6.200 299,305.00 0.00 9,954,305.00 0.33155314 3,300,381.09 ---------------- ---------------- ---------------- ---------------- ---------------_ 117,990,000.00 80,355,937.97 0.00 198,345,937.97 117,623,180.06 TARGET AMOUNT CALCULATION: .......................... m Par • 117,990,000.00 Accrued Interest • 128,723.10 Insurance Cost - 493,543.04 ................. +� 117,623,180.06 EOd wy C5 60 Z6 to '60 \ DATE 09/04/92, 08;23:19 PACE I ems/ ve lna0ebber Iiteorporate0 Nunl a 1pol Reinvea[mmt Servi tte Group Cowty SPniteolon Districts of Orange County, Calif. p Cartificatea of Partltipatl an Prepoae6 Series 0 RefWIn9 W OTHER fNtO PORTfOl10 SELERIONS (REPORT $$) bl MATURITY - PURCHASE SETTLE- ACCRUED TOTAL jE TYPE COUPON DATE PAR AMOUNT PRICE PRICE MENT INTEREST PURCHASE .. ..... ........ ........ ............... ......... ............... ........ ............... ............... ea, .62 TNOTE 6.87500 07/31/93 2,440,000.00 102.60937 2,503,668.75 10/22/92 37,834.92 2,541,503.67 99 TNOTE 4.25000 07/31/96 2,695,000.00 100.36375 2,503,576.56 10/22/92 23,916.07 2,527,492.63 55 TNOTE 5.67500 07/13/95 2,463,000.00 111.03125 2,736,699.69 10/22/92 58,305.80 2,793,505.49 63 TN07E 7.87500 07/311% 99,545,000.00 109.23437 ID8,737.398.59 10/22/92 1,768,073.39 110,505,431.90 ar ............... -------------- ------------ ...... 106,943,000.00 116,479,303.59 1,898,630.18 118,367,933.77 ra >/ PRELIMINARY - SUBJECT TO CHANGE 10a sTv Ls:a9 z4 roD ee DATE 09/04/92, 08923:19 PAGE 1 / PB trwNebher Ircorporeto6 �eFd K-icipel Reinvestment Services Group te,anty Sanitation Districts of Orange Caney, Calif. 'd Certificates of Participatlon Prepose6 Series 0 Refundi,l9 OTNER FUND PORTfOLIO CASNFLOW SCHEDULE (REPORT 53) wc, PORTFOLIO PORTFOLIO RETAINED TOTAL TOTAL DRAW PRINCIPAL COUPON FLOAT OUTFLOWS PERIOD AVAILABLE LESS: ENDING DATE RETIREMENT EARNINGS EARNINGS (NOTE 1) INCOME W/PREY BALANCE OBLIGATIONS BALANCE ........ .............. .............. .............. .............. .............. .............. .............. .............. w 02101M 0.00 4.165,773.76 0.00 0.00 4,165,773.76 4,16S,7 3.76 4,OBS,1S0.00 80,623.76 INLOi/93 2,440,000.00 4,165,773.76 0.00 0.00 6,605,MJ6 6,606,397.52 6,685,ISO.00 1,247.52 02/01/94 0.00 4.081,898.76 0.00 0.00 4,081,30.76 4,083,146.28 3,929,150.00 153,m.28 00/01/94 2,495,000.00 4,001,898.76 0.00 0.09 6,576,890.76 6,730,595.04 6,729,150.00 1,745.04 02/01/95 0.00 4,028,eB0.01 0.00 0.00 4.028.=.Of 4,030,625.05 3,761,150.00 269,475.05 O6/01/95 2.463,000.00 4,026,880.01 0.00 0.00 6,491,880.01 6,761,355.06 6,761,150.00 205.06 02/01/% 0.00 3,919,564.38 0.00 0.00 3,919,584.38 3,9/9,769.44 3,581,150.00 338,639.K `o %/01/96 99,545,000.00 3.919.584.39 0.00 0.00 103,464,584.38 103,503,223.62 103.799.150.00 4,073.82 02/01/97 0.00 0.00 0.00 0.00 0.00 4,073.92 0.00 4,073.82 O8/O1/97 0.00 0.00 0.00 0.00 0.00 6,Gn.82 0.09 4,073.82 02/01/98 0.00 0.00 0.00 0.00 0.00 4,073.82 0.00 4,073.82 08/01/98 0.00 0.00 0.00 0.00 0.00 4,On.82 0.00 4,073.52 te. r/02/01/99 0.0 0.00 0.00 9.00 0.00. 4,073.02 0.00 4,073.82 OI/01/99 0.00 0.00 0.00 0.00 0.00 4,073.62 0.00 4,0n.82 V 72/01/00 0.00 0.00 0.00 0.00 0.00 4,073.82 0.00 4,On.e2 M/01/00 0.08 0.00 0.00 0.00 0.00 4,073.82 0.00 4,073.82 32/01/01 0.00 0.00 0.00 0.00 0.00 4,073.92 0.00 4,073.32 )8/01/01 .-.•••.•- 0.00 •-•.-•... 0.00 .-..•.'.-.0.00 - -...O.00 0.00 4,0n.82 ------.'- 0.00 4,On.82 �J ..... ....... 106,943,000.00 32,392,2n.82 0.00 0.00 134,333,2n.82 139,331,200.00 .� a 1: Includes retained portfolio accrued Interest and premlu s. ea, PRELIMINARY - SUBJECT TO CHANGE auc ps Ls ea 26 "00 ou DATE 09/04/92. O IZ:21 PAGE 1 PsipVeboer IM9rprste6 W ielpl Pelm egt t Services Or9 C"tY SMlt&tiM Dietrieb Of Ora Canty, CAM. w 4rtlflgteP at Oertic(ptiPn Pre Pd Serles D A9fY IM POETfOt10 9LEIroEo YIELD GLLIIUTI08 EEI09T (REPORT 10) 2 C0APa14DIN0E/YG0. RASE DATE 10/22/92 yn PV FACTOR CMUTIVE DATE AxQIAT AT 5.114927% 9V AA008T NEWRY VALUE ........ ............... ............. ............... ............... 10122/92 - 118,367,933.77 1.00000000000 - 118,367,M3.77 . 118,367,933.77 O1/15/0 109,295.63 0.98842306057 108,030.32 - 118,259,903.45 07/31/93 4,056,478.13 0.96420681802 4,000,526.39 - 114,259,377.06 to 07/15/93 109.295.63 0.%577466911 105.3M.38 - 114,154,040.68 07/31/0 6,496,478.13 0.9616138D274 6,247,103.62 - 107,906,937.05 01/15/94 109.293.63 0.93074132675 102,709.0 107,804,227.43 O1/31/94 3.972.603.13 0.93763423840 3,R4,848.71 - 104,079,378.72 07/15/% 109,295.63 0.91630710605 100.148.36 103.979.230.36 07/31/94 6•u7.603.13 0.91425256192 5,913,022.73 -98,066,207.67 01/15/95 109,295.63 0.89345726180 97,650.97 -97,968,556.66 01/31/95 3,919,584.38 0.89145395160 3,494,125.90 -94,474,427.67 O7/13/95 2,572,295.63 0.87117722148 2,240,925.36 -92,233,502.31 07/31/95 3,919,584.38 0.8022386739 3,406,9%.29 -88,826,506.02 01/31/96 3,919,584.36 0.84754813261 3,322,036.42 -85,504,469.60 `1 07/31/96 103,464,584.38 0.82641292292 85,504,469.60 0.00 4 r PRELIMINARY - SUBJECT TO CHANGE r vw►/ COUNTY SANITATION DISTRICTS OF CIANGE COUNTY, CALIFORNIA Certificates of Participation Proposed Series D Ref"irip Scenario 1A: Fixed Rate Refudim of Series 1956 and Series B COPS 09/09/92 W vvvvv_=.vvvv=aysysvvvvvv=s=vvvvvv®®vasv SOURCES AMD USES OF F U N D 5 svvs=svessvvavevvvvvsvvvvv==vsvvs=vvvvvs SOURCES: PAR AMOUNT OF BONDS 157,935,000.00 PROCEEDS FROM SALE OF 1986 DSRF 13,120,173.75 SERIES B DEBT SERVICE RESERVE FUND 7,985,8➢5.00 ACCRUED INTEREST 176,423.87 ---------------- TOTAL SOURCES S 179,217,472.62 USES: ESCROW FOR 1986 R B COPS 157,816,294.05 DEBT SERVICE RESERVE FUND 18,922,037.50 INSURANCE COST 707,314.90 ew UNDERWITERIS DISCOUNT 1,342,447.50 OTHER ISSUE COST 250,C00.00 ACCRUED INTEREST 176,423.87 BALANCING AMOUNT 2,954.80 TOTAL USES S 179,217,472.62 Notes ARBITRAGE BOND YIELD = 6.059748% DEFEASANCE ESCROW YIELD = 5.8016633% W ,d s s tm ems/ COUNTY SANITATION DISTRICTS OF ORANGE COUNTY, CALIFORNIA Certificates of Participation Prapoaed Series D Refunding ad Refunding of Seri es 1986 and Series B COPa DEBT SERYI CE REPORT DATE PRINCIPAL COUPON INTEREST ACCRETION TOTAL ........ ................ ....... ................ ................ ................ 08/01/93 6,045,000.00 3.250 7,208,175.18 0.00 13,253,175.18 V 08/01/94 3,990,000.00 3.800 8,376,765.00 0.00 12,866,765.00 08/01/95 4,015,000.00 4.250 8,725,145.00 0.00 12,740,145.00 DB/01/96 4,120,000.00 4.700 8,5%,507.50 0.00 12,674,507.50 DB/01/97 4,115,000.00 5.000 8,360,867.50 0.00 12,475,867.50 08/01/98 4,375,000.00 5.150 8,155,117.50 0.00 12,530,117.50 08/01/99 4,630,000.00 5.350 7,929,805.00 0.00 12,559,805.00 08/01/00 4,885,000.00 5.500 7,682,100.00 0.00 12,567,100.00 08/01/01 5,145,000.00 5.600 7,413,425.00 0.00 12,558,425.00 08/01/02 5,720,000.00 5.700 7,125,305.00 0.00 12,845,305.00 08/01/03 6,155,000.00 5.800 6,799,265.00 0.00 12,954,265.00 08/01/04 6,625,000.00 5.900 6,"2,275.00 0.00 13,067,275.00 08/01/05 7,090,000.00 6.000 6,051,400.00 0.00 13,141,400.00 OB/01/06 7,550,000.00 6.050 5,626,000.00 0.00 13,176,000.00 08/01/07 8,110,ODO.00 6.100 5,169,225.00 0.00 13,279,225.00 08/01/08 14,065,000.00 6.150 4,674,515.00 0.00 18,739,515.00 OS/01/D9 15,040,000.00 6.200 3,809,517.50 0.00 18,849,517.50 08/01/10 16,045,000.00 6.200 2,877,037.50 0.00 18,922,037.50 08/01/11 12,380,000.00 6.200 1,882,247.50 0.00 14,262,247.50 08/01/12 6,795,000.00 6.250 1,114,687.50 0.00 7,909,687.50 08/01/13 11,040,000.00 6.250 690,000.00 0.D0 11,730,000.00 157,935,000.00 125,167,382.68 0.00 283,102,382.66 `d Dated Date: 10/15/92 Delivery Date: 10/22/92 Accrued Interest: 176,423.87 l W r w w� COUNTY SANITATION DISTRICTS OF ORANGE COUNTY, CALIFORNIA Certificates of Participation Proposed Series D Refunding ye Refunding of Series 1936 and Series B COPS PROOF OF YIELD REPORT Asanmes S.iR.L Cmtwdiag Based on a 360-dey Year Delivery Date: 10/22/92 Yield: 6.05974807 DATE PRINCIPAL COUPON INTEREST ACCRETION TOTAL PV FACTOR PRESENT VALUE 02/01/93 2,671,561.43 2,671,561.43 0.98371718 2,628,060.88 O8/01/93 6,045,000.00 3,250 4,536,613.75 0.00 10,581,613.75 0.95478830 10,103,201.03 02/01/94 4,438,382.50 4,438,382.5D 0.92671015 4,113,094.11 08/01/94 3,990,000.00 3.8D0 4,438,3a2.50 0.00 8,428,382.50 0.89945771 7,580,973.65 02/01/95 4,362,572.50 4,362,572.50 0.87300671 3,BDB,555.07 08/01/95 4,015,000.00 4,250 4,362,572.50 0.00 8,377,572.50 0.84733357 7,D98,598.42 02/01/96 4,277,253.75 4,277,253.75 0.92241542 3,517,679.43 O8/01/96 4,120,000.00 4.700 4,277,253.R 0.00 8,397,253.75 0.79MOD5 6,702,940.31 02/01/97 4,180,433.75 4,180,433.75 0.77475593 3,238,815.82 08/01/97 4,115,000.00 5.000 4,180,433.75 0.00 8,295,433.75 0.75197212 6,237,934.8E 02/01/98 4,077,558.75 4,077,558.75 0.72985833 2,976,040.22 08/01/98 4,375,000.OD 5.150 4,077,558.75 0.09 8,452,558.75 0.70839486 5,987,749.15 02/01/99 3,964,902.50 3,964,902.50 0.68756258 2,726,118.58 08/01/99 4,630,000.00 5.350 3,%4,902.50 0.00 8,594,902.50 0.66734293 5,735,747.39 02/O1/CO 3,841,050.00 3,841,050.00 0.64771789 2,487,916.81 e• 08/01/00 4,865,000.00 5.500 3,841,050.00 0.00 8,726,050.00 0.62866998 5,485,805.70 D2/01/01 3,706,712.50 3,706,712.50 0.61018223 2,261,7M.ID 08/01/01 5,145,000.00 5.600 3,706,712.50 O.OD 8,851,712.50 0.59223816 5,242,321.92 02/01/02 3,562,652.50 3,562,652.50 0.57482173 2,047,M.26 OB/01/02 5,720,ODO.00 5.700 3,562,652.50 0.00 9,282,652.50 0.55791758 5,178,955.05 y' 02/01/03 3,399,632.50 3,399,632.50 0.54151050 1,840,936.69 DB/01/03 6,155,000.00 5.800 3,399,632.50 O.GO 9,554,632.50 0.52558591 5,021,780.19 02/01/04 3,221,137.50 3,221,137.50 0.51012962 1,643,197.65 OB/01/04 6,625,000.00 5.900 3,221,137.50 0.00 9,846,137.50 0.49512787 4,875,097.1D 02/01/05 3,025,7110.00 3,025,700.00 0.46056729 1,454,052.44 08/01/05 7,090,000.00 6.CC0 3,025,700.00 0.00 10,115,700.00 0.46643490 4,718,315.49 02/01/06 2,813,CCD.00 2,813,000.00 0.45271811 1,273,496.04 O8/01/06 7,550,000.00 6.050 2,813,000.0o 0.00 10,363,000.00 0.4394D470 4,553,550.91 02/01/07 2,584,612.50 2,584,612.50 0.42648281 1,102,292.80 O8/01/07 8,110,00D.00 6.100 2,584,612.50 O.DO 10,694,612.5D 0.41394092 4,426,937.74 02/01/08 2,337,257.50 2,337,257.50 0.40176786 939,034.94 08/01/08 14,065,000.D0 6.150 2,337,257.50 0.00 16,402,257.50 0.38995278 6,396,105.94 02/01/09 1,904,758.75 1,904,758.75 0.37848516 720,922.92 08/01/09 15,040,000.00 6.200 1,904,758.75 0.00 16,944,758.75 0.36735477 6,224,737.98 02/01/10 1,438,516.75 1,438,518.75 0.35655170 512,906.31 08/01/10 16,D45,000.00 6.200 1,438,518.75 0.00 17,483,518.75 0.34606633 6,050,457.17 02/01/11 941,123.75 941,123.75 0.33588931 316,113.40 O8/01/11 12,380,000.OD 6.200 941,123.75 0.00 13,321,1a.75 0.326D1157 4,342,840.43 '✓ 02/01/12 557,343.75 557,343.75 0.31642431 176,357.11 DS/01/12 6,795,000.00 6.250 557,343.75 0.00 7,352,343.75 0.30711899 2,258,044.39 02/01/13 345,000.00 345,000.00 0.29808732 102,840.13 08/01/13 11,040,000.00 6.250 345,000.00 0.00 11,385,000.00 0.28932125 3,293,922.44 157,935,000.00 125,167,382.65 0.00 283,102,382.68 157,404,108.97 TARGET AMOUNT CALCULATION: -------------------------- Par • 157,935,000.00 Accrued Interest • 176,423.87 Insurance Cost - 707,314.90 --------------- 157,404,108.97 .w✓ PaineWebber Incorporated Municipal Reinvestment Services Group County Sanitation Districts of Orange County,California o SERIES 1986 toot)—1992 SERIES COMBINED PRESENT I DATES CASHFLOW CASHFLOW CASHFLOW PERIODS VALUE 10 22 92 (118,367,933.77) (39,448,38D26) (157,616.294.05) 0.00 (157.816,294.05) 1 15 93 109.295.63 0.00 109,296.63 GAS 107,853.96 YIELD =5.80166330 �. 1 31 93 4.056.475.13 1,295,308.26 5.351.784.39 0.55 5,268,272.39 7 IS 93 109.295.63 0.00 109.295.63 1.46 104,823.20 7 31 93 6.496,47B.13 1,293,906.26 7,790,384.39 1.55 7.452.630.95 1 15 94 109,295.63 0.00 109,295.53 2.45 101,868.18 1 31 94 3,972,603.13 1,296,953.13 5,269,556.26 2.55 4,898,982.52 . 7 15 94 100,295.63 O.DO 109,295.63 3.46 99,996.46 7 31 94 6,467,603.13 1,294,775.00 7,762,378.13 3.55 7.013.063.22 1 15 95 109,295.63 1,161,000.00 1,270,295.63 4.46 1,118,156.98 1 31 95 3,919,504.08 130,550.00 4,050,134.38 4.55 3,556,014.37 7 15 95 2,572,295.63 1,163,000.00 8,735,295.63 5.46 3,195,244.31 7 31 95 3,919,584.38 130.550.00 4.D50,134.38 5.55 3,455,768.35 1 31 96 3,919584.38 1.295.550.00 5,215,134.38 6.55 4,324,359.67 7 31 96 103,464,584.38 1,296,862.50 104,761,445.88 7.55 84,416,746.20 1 31 97 1,294,218.75 1.294.218.75 8.55 1,013,505.76 7 15 97 1,293,000.00 1,203,000.00 9.46 986.511.33 1 15 98 1,294,000.DO 1,294,000.00 10.46 959,442.48 7 15 98 1,294,000.DO 1,294,000.00 11.46 932,395.26 1 15 99 1.294.000.00 1,294,000.00 12.46 906,110.52 7 15 99 1,294,D00.DO 1.294.000.00 13.46 080,566.76 1 15 100 1,294.D00.D0 1,294,000.00 14.46 055,743.10 7 15 100 1,294,000.00 1.294.000.00 15.46 831.619.22 1 15 101 1.294.000.00 1,294,000.00 16.46 808,175.41 7 15 101 40,411,000.00 40.411,D00.00 17.46 24,527,431.46 PRELIMINARY- SUBJECT TO CHANGE um GATE 09/04/92, Oet23:19 PACE I PaIDRNeb64f Inearpsratee Munlelpsl Relnvestm t Services Oreup Comfy Sanitation Districts of Orange Caunty, Calif. Certlf icatee of PerelNpatlon UP/ Prepoae6 SOPlea 0 RoflnOlnO OTHER FUND PORTFOLIO SELECTIONS (REPORT 35) y MATURITY PURCHASE SETTLE- ACCRUED TOTAL ,y. ZODE TYPE COUM DATE PAR AMOUNT PRICE PRICE MENT INTEREST PURCHASE ..... ..... ..... -------- ............... ......... ............... ........ ............... ............... 20562 INCITE 6.87500 07/31/93 2,"0,000.00 102.60937 2,503,661.75 10/22/92 31,834.92 2,541,503.67 2OS99 MOTE 4.23000 07/31/94 2,405,000.00 100.34175 2,503,576.56 10/22/92 23,916.07 2,527,492.63 20455 TNOTE 8.97500 07/15/99 2,463,000.00 111.03125 2,734,699.69 10/22/92 58,805.80 2,793,505.49 20563 TNOTE 7.87500 07/31/96 99,545,000.00 109.23437 108,737,358.59 10/22/92 1.768.073.39 110,505,431.98 ............... ............... --------- - ......________. ea 106,943,000.00 116,479,303.59 1,688,630.18 118,367,933.n I � Ve wl, PRELIMINARY SUBJECT TO CHANGE d M!/ UN DATE 09/04/92, 08123:19 PAGE 1 PeineNeeaer Nnoorper.,W Munie1p4t 0.aimeeteen[ Seretees Graup taunty Sanitation Districts of Orange Caanty. Calif. Certificates Of Participation Proposed series 0 Refunding OTHER FUN) PORTFOLIO GASNFLCN 9WEWlE (REPORT 53) PORTFOLIO PORTFOLIO RETAINED TOTAL TOTAL W DRAM PRINCIPAL COWON FLOAT WTFLDNS PEBI00 AVAILABLE LESS: ENDING DAIS RETIREMENT EARNINGS EARNINGS (NOTE 1) INCO14E N/PREV OALANCE OBLIGATIONS BALANCE ........ .............. .............. .............. .............. .............. .............. .............. .............. 02/01/93 0.00 4,165,773.76 0.00 0.00 4,165,773.76 4.165,773.76 4,085,150.00 80,623.76 08/01/93 2,440,000.00 4,163,773.76 0.00 0.00 6,605,773.76 6,686,397.52 6,655,150.00 1,247.52 02/01/94 0.00 4,081,898.76 0.00 0.00 4,081.898.76 4,083,146.28 3,929,150.00 153,W6.28 08/01/94 2,495,000.00 4,081,898.76 0.00 0.00 6,576,898.76 6.730.895.06 6,729,150.00 1,745.04 bP 02/01/05 0.00 4,028,BBO.ol 0.00 0.00 4,028,880.01 4,030,625.05 3,761,150.00 269,475.05 O8/01/95 2,463,000.00 4,028,880.01 0.00 0.00 6,491,880.01 6,761,395.06 6,761.150.00 205.06 02/011% 0.00 3,919,584.36 0.00 O.00 3,919,904.38 3,919,789.44 3,581,150.D0 33A,639.44 OB/01196 99,545,000.00 3,919,584.38 0.00 0.00 103,464,584.38 103,803,223.82 103.799,150.00 4,073.82 0v01/97 0.00 0.00 0.00 D.00 0.00 4,073.82 0.00 4,073.82 09/olf97 0.00 0.00 0.00 0.00 0.00 4,073.82 0.00 4,O73.a2 02/01/98 0.00 0.00 0.00 0.00 0.00 4,073.82 0.00 4,073.a2 09/01/98 0.00 0.00 0.00 0.00 0.00 4,073.82 0.00 4,073.52 O2/01/99 0.00 0.00 0.00 0.00 0.00 4,073.02 0.00 4,073.52 08/01/99 0.00 0.00 0.00 0.00 0,00 4,073.82 0.00 4,073.82 02/01/00 0.00 0.00 0.00 0.00 0.OB 4,073.82 0.00 4,073.82 08/01/00 0.00 0.00 0.00 0.00 0.00 4,073.82 0.00 4,073.92 D2/01/01 0.00 0.00 0.00 O.GO 0.00 4,073.82 0.00 4,073.82 08/01/01 0.00 0.00 0.00 0.00 0.00 4,073.82 0.00 4,073.02 as, .............. .............. .............. .............. .............. -------------- 106,943,000.00 32.392,273.82 0.00 0.00 139,333.273.82 139,331,200.00 10te 1: Includes retained portfolio accrued Interest and premiums. PRELIMINARY - SUBJECT TO CHANGE d r w - .x DATE 09/04/92, 08,Ui21 PAGE Painel4ebher Incorporated Nut iclpaL 4elnvestment services Ormry Dwnty sanitation Oistrteto of Orange County, Cs(if. c41tif14ate4 of varticl pP[ion e PropasM Sari.. o Na4uM11K PORTFOLIO BLENDED YIELD CALCULATION REPORT (REPORT 10) 2 DONP¢INOINGG/YEAR BASE DATE 10/22/92 PV FACTOR CUMULATIVE DATE PADUAT AT 5.1149274 PV MOUNT PRESENT VALUE •....... ............... ............. ............... ... ./ f0/22/92 118,M7,973.T7 LO0000000000 - 118,767,933.T! - 118,]67,933.77 01/15/93 109,295.63 0.98SAM6057 108,030.32 - 11B,259,9W.45 01/31/93 4,056,478.13 C.98620681802 4,000,5M-39 114,259,377.06 07/15/93 109,295.63 0.96377486911 105.336.18 - 114,154,040.6E t+ 07/31/93 6,496,478.13 0.9616lM9274 6,247,103.62 - 107,906,937.05 01/15/94 1W,295.63 0.93974132675 102,709.62 - 107,804,227.43 01/31/94 3,972,603.13 0.93763427840 3,n4,ME.71 104,079,378.72 07/15/94 109,295.63 0.91630710605 100,148.36 103,979,230.36 07/31/94 6,167,603.13 0.91425256192 5,913,022.73 -95,066,207.63 01/15/95 109,295.63 0.89345726180 97,650.97 -97,968,596.66 01/31/95 3,919,584.38 0.89145395160 3,494,128.98 -94,474,427.67 07/15/95 2,572,295.63 0.8711772214E 2,240,925.36 -92,233,502.31 07/31/95 3,919,564.38 0.86922386759 3,406,996.29 •88,826,506.02 01/31/% 3,919,5 B4.36 0.E4754813261 3,322,036.42 -85,504,469.60 .1 OMIM 103,464,584.38 0.82641292292 85,504,469.60 0.00 d s ~ PRELIMINARY - SUBJECT TO CHANGE as 50d Nv Es .O c: kt` UN DATE 09/04/92, 08,20:06 PACE 1 PSineNebber IAC9rprAte6 Nunit)yst Reirnestx t "Mc. Ge" tarty Ssnitstf. Oletri0ts 9f OrWO Casty, Callf. Csrtifintes of P."Imptlon 1990-1992 Series 8 r OTHER FUND PORTFOLIO SELECTIONS (REPORT 55) HATU41TT PURCHASE SETTLE- ACCRUED TOTAL d CODF TYPE COUPON DATE PAR ANDNNT nice PRICE NEXT INTEREST "DRAW ..... ..... ........ ........ ............... ......... ............... ........ ............... ............... 20542 ?MOTE 7.00000 01/31/93 1,040,000.00 101.000UO 1,050,400.00 10/22/92 16,419,37 1'0"'819.57 we 20562 TMOTE 6.81500 07/31/93 1,075,000.00 102.60987 1,103,0110.711 10/22/92 16,669.07 1,119,?19.85 20S82 TMOTE 4.87500 01/31/94 11115,000.00 101.40625 1,130,679.69 10/22/92 12,259.70 1,142.939.39 205" ?MOTE 4.25000 07/31/94 1,140,000.00 100.34375 1.143,918.75 10/22/92 10,927.30 1,154,866.33 20439 RFIN O.OUM 01/15/95 1.161,000.00 90.64500 1,092,423.28 10/2t/92 0.00 1,072,423.28 a 20455 SPIN 0.06000 07/1S/95 1.163,000.00 80.22600 1.026,068.38 10/22M 0.00 1,026,066.38 20543 TROTS MONO 01/31/96 1,165,000.00 107.99312 1,257,633.91 10/22/92 19,706.86 1.277.360.77 20563 TMOTE 7.87500 07/31/96 1.210,000.00 109.25437 1,321.735.% 10/22/92 21,491.47 1,343,227.41 sr 20583 TMOTE 6.25000 01/31/97 1,255,000.00 103.31250 1,296,971.88 10/22/92 17,691.07 1,314,262.95 20524 RFIN 0.00000 07/15/97 1,293,000.00 76.37000 %F,464.10 10/22/92 0.00 987,464.10 M41 RFIN 0.00000 01/15/90 1,296,000.00 73.4311110 050,287.72 10/22/92 0.00 950,287.72 M61 RFIN MOM 07/13/98 1,294,000.00 70.55300 912,935.82 10/22/92 0.00 912,955.82 20S81 RFIN 0.00000 01/15/99 1.294.000.00 67.57500 974,420.50 10/22/92 0.00 874,420.50 235" RFIN 0.00000 07/IS/99 1.294,000.00 64.97206 840,737.68 10/22/92 0.00 840,737.68 23199 RFIN 0.00000 01/15/00 1,294,000.00 62.22300 805,165.62 f0/22/92 0.00 805,165.62 y 235M RFIN 0.00000 07/15/00 1,2%,000.00 50.72200 772,602.66 10/22/92 O.OD 7R,602.66 23100 RFIN 0.D0000 91/15/01 1,294,000.00 57.03300 730,007.02 10/22/92 0.00 738,007.02 25501 RFIN O.MOO 07/15/01 0,411,M.00 54.61100 22,068,851.21 10/22/92 0.00 22,068,851.21 ............... --------------- ------------- ............... s 6t,086,000.00 39,333,196,96 115,165.32 39,448,360.28 d r paELIMINARY SUBJECT TO C14ANGE d r ram/ r ..r UN DATE 09/04/92, 08120109 PAGE 1 PaineWebber Imarporatal yvf Municipal Reinvestment Services Group County Sanitetlen Districts Of Orange County, Calif. Certificates of Participation 1990.1992 Series 8 y OTHER FUND PORTFOLIO CASNFLON SCHEDULE (REPORT 53) PORTFOLIO PORTFOLIO RETAINED TOTAL TOTAL 'Pe DEAN PRINCIPAL COIm FLOAT OUTFLOWS PERIM AVAILABLE LESS. ENDING DATE RETIREMENT EARNINGS EARNINGS (NOTE 1) INCOME N/PREV BALANCE OBLIGATIONS BALANCE ........ .............. .............. .............. .............. .............. .............. .............. .............. 02/01/93 1,040,000.00 255,306.26 0.00 0.00 1,2",306.26 1,295,306.26 1,294,312.50 993.76 OB/O1/93 1,073,000.00 210,906.26 0.00 0.00 1,293,906.26 1,294,900.02 1,294,312.50 557.52 02/01/94 1,115,000.00 181,953.13 0.00 0.00 1,2%,953.13 1,297,540.69 1,294,312.50 3,228.15 08/01/94 1,140,000.00 iS4,775.00 0.00 0.00 1,294,775.011 1,MB,OW.15 1,294,312.90 3.690.65 e"t 02/01/% 1,161,000.00 130,550.01) 0.03 0.00 1,291,550.00 1,293,260.65 1,294,312.50 929.15 05/01/95 1,163,000.00 130.550.00 0.00 0.00 1,293,550.00 1,294,470.15 1,294,312.50 165.65 02/01/96 1,165,000.00 130,550.00 0.00 0.00 1,295,550.00 1,295,715.65 1,294,312.50 1,403.15 08/01/96 1,210,000.40 96,562.90 0.00 0.00 1,296,862.50 1,MB,265.65 1,294.312.50 3,953.15 02/01/97 1,255,000.00 39.218.75 0.00 0.00 1,294,218.75 1.298,171.90 1,294,312.50 3,839.40 011/01/97 1,293,000.00 0.00 0.00 0.00 1,293,M11.00 1,296,09.40 1,M5,212.50 2,540.90 U!/UUV8 1,294,000.00 0.00 0.00 0.00 1,294,000.00 1.2%,346.90 1,294,312.30 2.234,40 00/01/98 1,2%,000.00 0.00 0.00 0.00 1,2%,000.00 1,296,234.40 1,294,312.30 1,921.90 02/01/99 1,294,000.00 0.00 0.00 0.00 1,294,000.00 1,29S,921.90 1,294,312.50 1,609.40 00/01/09 1,294,000.00 0.00 0.00 0.00 1,294,000.00 1,295,609.40 1,294,312.S0 1,296.90 �. 02/01/00 1.294,000.00 0.00 0.00 0.00 1,294,000.00 1,295,296.90 1,294,312.50 904.40 08/01/00 1,294,000.40 0.00 0.00 0.00 1,294,000.00 1.294,984.40 1,294,312.50 671.90 02/01/01 1.294,000.00 0.00 0.00 0.00 1,294,00D.00 1,294,671.90 1,294.312.50 359.40 08/01/01 40,411,000.00 0.00 0.00 0.00 40,411,000.00 40,411,359.40 40,411,312.50 46.90 ep .............. .............. .............. .............. .............. .............. 61,096,000.00 1,329,671.90 0.00 0.00 62.414,671.90 62,414,625.00 Vote 11 Includes retained portfolio accrued interest end preaivm. eN r ad pREL MINARY - SUBJECT TO CHANGE a* BO2 WY (s 80 ED -0 60 as' JN DATE 09/04/92, 08,20:12 PAGE I P.Irm ebb., lncerpereted / MNnfci Dal. Refmmtnent Services Oro P �M,►' CWnCY Sanitation Districts of Orange County, CGLff. Certificates Of Participation +� 1990-1993 Sarin 6 r PORTFOLIO BLENDED YIELD CALCULATION REPORT (EFFORT 101 2 CWPOWNDINOS/YEAR BASE DATE 10/22/92 PV FACTDR CUMULATIVE DATE AMOUNT AT 6.750120R W ANCIENT PRESENT VALUE ........ ............... ............. ............... ............... r 10122/9Z -39,448,360.28 1.00000000000 -39,448,360.28 -39,448,360.28 01/31/93 1,295,306.26 0.M190918741 1,271,873.12 -36,176,487.16 07/31/93 1,293,906.26 0.%"51140W 1,229,018.34 -36,947,468.83 01/31/94 1,296,953.13 0.91W"74593 1,191,692.08 .1$,755,776.74 as 071311% 1,294,775.00 O.S88B4083317 1,150,848.89 -34,605,W7.85 01/15/95 1,161,000.00 0.86236202721 1,001'202.31 -33,D03,775.54 01/31/95 130,550.00 0,85982134556 112,249.68 -33,491,475.86 07/15/95 1,163,000.00 0.WQ0703789 970,182.79 -32,521,293.08 07/31/95 130,S50.00 0.83174930616 108,584.87 -32,412,708.21 01/31/% 1,295,350.00 0.8D4593TU04 1,042,391.47 -31,370.316.?3 07/31/% 1,296,862.50 0.77832485016 1,009,380.31 -30,360,936.42 01/31/97 1,294,218.79 0.75291356447 974,434.85 -29,386,501.57 07/15/97 1,293,000.00 0.71048406817 944,515.0 48,441,985.67 01/15/98 1,294,000.00 0.70663472127 914,385.33 -27,$27,600.34 r, 07/IS/98 1,2%'000.00 0.683S6402427 884,531.85 -26,643,068.49 01/15/99 1,294,000.00 0."124655527 855,653.04 -25,787,415.45 07/15/99 1,294,000.OD 0.63965772237 827,717.09 -24,959,690.36 01/19/00 1,294,000.00 0.61ST7373656 800,693.22 -24,159,005.14 w+ 07/15/00 1,294,000.00 0.59857158550 774,551.63 -23.384,453.51 01/15/01 1,294,000.00 0.579029OD817 749,263.54 -22,635,189.97 07/15/01 40,411,000.00 0.56012447037 22,635,169.97 0.00 ea, ,.0 PRELIMINARY SUBJECT TO CHANGE COUNTY SANITATION DISTRICTS Mos. 1, 2, erxi 3 of y ORANGE COUNTY, CALIFORNIA Certificates of Participation Proposed Series D Refunding i Sceivrio 2: Variable-to-Fixed Rate Swap Refutdtrg of 1986 COPa 1P' FuN DSRF with COP. Proceeds 09/15/92 r 9 0 U R C E 5 A N D U S E S -'U F➢"F U NcD S SOURCES: PAR AMOUNT OF BONDS 116,960,000.00 PROCEEDS FROM SALE OF 19B6 DSRF 13,120,173.M ................ TOTAL SOURCES S 130,OB0,In.R USES: ESCROW FUND FDA 1986 COPS 118,M7,911.n d DEBT SERVICE RESERVE FUND 10,599,MO.00 INSURANCE COST 502,561.77 UNDERWRITER'S DISCOUNT 409,MO.00 OTHER ISSUE COST 200,000.00 BALANCING ANOINT 718.21 TOTAL USES S IM,080,171.75 ' •••• Notes • •• ARBITRAGE BOND YIELD - 5.517065686% DEFEASANCE ESCROW YIELD = 5.114927% d w d d s d r t a +l a [ t a 1 � ' t a t t a L ) l a COUNTY SANITATION DISTRICTS No. 1, 2, and 3 of ORAMOE COUNTY, CALIFORNIA l Certificates of Participation - Joint Facilities Project Proposed Series D Refunding - Savings Table Scenario 2: Use of Veriable-to-Fixed Rate Swap to Refund 1986 COPS; Fund DSRF with Bond Proceeds Series 1986 Refunded CWs Series 1992 Refunding COPS Savings Calculations DSRF Earnings Liquidity DSRF Earnings Semi-Amwl $11,941,000 Facility and $10,599,600 Bend Year Present Value 8.000% Net Total Remarketing Fee 5.517% Net Total Met Annual Met Savings at Date Principal Interest 5.550% Debt Service Principal Interest 0.325% 5.517% Debt Service Savings a Savings a 5.51707% •.............................................................. ...................................................................... ...... 10 22 1992 $81,560 SB1,560 061,560) (561,56D) 2 1 1993 SO $4,065,150 5262,702 93,822.448 $D $1,672,528 f99,124 5160,816 $1,610,835 $2,211,613 52,178,759 8 1 1993 $2,600,000 $4,085,150 $477.640 $6,207,510 115,130,OCO 53,040,960 $190,572 5292,393 $8,069,138 (91,861.628) $288.425 (51,784,741) 2 1 1994 SO $3,929,150 8477,640 $3,451,510 f0 $2,907,580 $185,355 $272,393 52,800,545 5650,965 $607,326 8 1 19% 92,800,000 $3,929,150 $477,640 56,251,510 $3,810,000 52,907,580 $182,915 $292,393 $6,608,102 (f356,592) 5294,374 (f323,756) 2 1 1995 f0 $3,761,150 $477,640 53,283,510 SO 52,808,520 f179,D43 $292,393 $2,695,170 $588,340 $519,025 8 1 1995 S3,000,000 $3,761,150 $477,640 $6,283,510 113,890,000 $2,808,520 $176,549 5292,393 $6,582,675 (5299,165) $289,175 (5257,230) 2 1 1996 $0 $3,581,150 $477,640 $3,103,510 f0 $2,707,380 $172,595 $292,393 92,587,582 $515,928 $431,700 8 1 1996 $3.300,000 $3,581,150 $477,640 $6.403.510 $4,04S,W0 S2,7W,380 $170,002 $292.393 $6,629,988 ($226,478) 5289,450 (11184,417) 2 1 19" f0 $3,383.150 8477,640 $2,905,510 f0 $2,602,210 $165,891 $292,393 $2,475,707 $429,803 5340,585 8 1 1997 f3,500,000 53,383,150 $477,640 $6,405,510 $4,075,CC0 52,602,210 $163,278 $292,393 $6,50,094 (f142,584) 5287,218 ($109,954) 2 1 1998 $0 $3,258,900 $477,640 52,781,260 50 $2,496,260 $159,137 5292,393 $2,363,003 5418,257 f313,880 8 1 1998 $3,800,000 $3,258,900 5477,640 $6,581,260 f4,350,000 $2,496,260 f156,347 5292,393 $6,710,214 ($128,954) $289,303 ($94,175) 2 1 1999 $0 $3,124,000 $477,640 $2,646,360 W $2,353,160 $151,926 5292,393 $2,242,693 $403,667 f286,B86 8 1 19W 54,100,000 53,124,000 5677,640 $6,746,360 54,625,000 f2,383,160 5148,961 $292,393 36,864,727 ($118,367) $285,300 (981,865) 2 1 2000 SO 52,978,450 $477,640 52,500,810 $0 52,262,P10 $144,261 $292,393 52,114,777 $366,033 $259,821 8 1 2000 14,400,000 $2,978,450 s477,640 $6,900,810 S4,SPO,O00 f2,262,910 $141,125 $292,393 $7,001,641 (S1W,831) $285,202 (f66,043) 2 1 2001 $O $2,822.250 3477,640 $2,344,610 90 $2,135,770 9136,155 $292,393 $1,979,532 $365,078 $232,702 8 1 2001 $4,700,000 $2,822,250 5477,640 f7,044,610 55,150,000 $2,135,770 9132,853 5292,393 $7,126,229 ($81,619) 5283,459 (250,628) 2 1 2002 f0 $2,655,400 5404,501 32,250,899 0 S2,OO1,870 5127,619 5292,393 $1,837,096 $413,503 $249,788 8 1 2002 $5.100,000 $2,655,400 $331,363 $7,424,037 f5,715,CCO $2,001,870 $123.954 $292,393 $7,548,431 (5124,394) 5289,4W ($73,073) 2 1 2003 SO $2,474,350 $331,363 $2,142,987 SO 51,853,250 $118,147 $292,393 $1,679,033 $463,954 $265,227 8 1 2003 55,500,000 92,474,350 5331,363 $7,642,987 86,140,000 f1,853,280 $114,209 $292,393 $7,815,096 (11172,109) 5291,845 (395,747) 2 1 2004 $O 92,279,100 0331,363 $1,947,737 SO 51,693,640 5107,970 $292,393 $1,509,216 7w,38,521 $237,409 8 1 2004 $6,000,000 $2,279,100 $331,363 27,947,737 16,590,000 $1,693,640 $103,744 5292,393 58,094,990 (f147,253) 5291,268 (577,581) 2 1 2005 $0 $2,066,100 $331,363 $1,734,737 SO 111,522,300 $97,047 5292,393 $1,326,953 $407,784 5209,074 8 1 2005 $6,500,000 $2,066,100 $331,363 $8,234,737 f7,030,000 f1,522,300 $92,539 $292,393 86,352,445 (f117,708) 5290,076 ($58,730) 2 1 2006 SO 51,835,350 $331,363 81,503,987 W $1.339,520 $85,394 $292,393 $1,132,521 $371,466 $180,366 8 1 2006 $7,000,000 $1,835,350 $331,363 W,503,987 $7,460,000 $1,339,520 $80,611 $292,393 $8,587,737 (50.750) $287,716 (539,573) 2 1 2007 S0 51,586,850 $331,363 $1,255,487 $0 $1,145,560 f73,029 5292,393 $926,196 $329,291 $151,419 8 1 2007 $7,600,000 $1,586,850 $331,363 $8,855,487 $7,970,000 21,145,560 $67,919 5292,393 58,891,085 (1,35,598) $293,693 (515,930) 2 1 2008 $O $1,317,050 $331,363 $985,687 $0 5938,340 $59,819 $292,393 $705,766 $279,921 $121,899 8 1 2008 18,200,000 $1,317,050 $331,363 59,185,687 $8,480,000 5938,340 $54,381 $292,393 $9,180,328 $5,359 f2B5,281 52,271 2 1 2009 $O 51,025,950 $331,363 $694,587 $0 $717,860 945,764 $292,393 5471,230 $223,357 $92,114 8 1 20W 58,900,000 51,025,950 $331,363 $9,594,587 59,060,000 $717,860 539,954 f292,393 $9,525,420 969,167 5292,524 127,759 2 1 2010 f0 $710,000 9331,363 9378,637 $O 5482,300 f30,747 5292,393 5220,653 $157,984 $61,703 8 1 2010 $9,600,000 5710,000 $331,363 $9,978,637 59,635,000 $492,300 524,568 5292,393 $9,849,475 $129,162 5287,147 $49,092 2 1 2011 SO 5369,200 $2331,363 $37,837 $0 s231,790 514,777 $292,393 (545,827) $83,664 f30,945 8 1 2011 $10,400,000 $369,200 $12,272,363 (51,503,163)1 58,915,000 $231,790 59,OW 610,891,993 (f1,736,144) SM,981 $316,645 f83,861 ____ __________ __________ ____________________________________________________ _________________________________________________________ _ TOTALS 5107,000,000 194,485,400 f27,023,976 $174,461,42{ 5116,960,C00 569,173,gaa f4,408,901 f21,578,973 f168,963,916 f5,517,508 f3,517,508 f7,559,{07 Gross Savings as Percentage of Par Refunded: 5.16% PV Savings as Percentage of Par Refunded: 3.33% M NOTE: The savings added at the delivery date equals the aaaened coat of the bondholder consent election otherwise conteipleted by the District minus the first liquidity fee payment. ass w, COUNTY SANITATION DISTRICTS Nos. 1, 2, end 3 of ORANGE COUNTY, CALIFORNIA Certificates of Participation Proposed Series 0 Refunding ate/ Scenario 2: Varlabte-to-Fixed Rate Swap Refunding of 1986 COPS Fuel OSRF with COPs Proceed DEBT SERVICE REPORT awl DATE PRINCIPAL COUPON INTEREST ACCRETION TOTAL ........ ................ ....... ................ ................ ................ 08/01/93 5,130,000.00 5.200 4,713,488.00 0.00 9,843,488.00 08/01/% 3,810,000.00 5.200 5,815,160.00 0.00 9,625,160.00 03/01/95 3,890,000.00 5.200 5,617,040.00 0.00 9,507,=.Do 08/01/96 4,045,000.00 5.200 5,414,760.00 0.00 9,459,760.00 DS/01/97 4,075,000.00 5.200 5,204,420.OD 0.00 9,279,420.00 08/01/98 4,350,000.00 5.20D 4,992,520.00 0.00 9,342,520.00 4' 05/01/99 4,625,000.00 5.200 4,766,320.OD 0.00 9,391,320.00 08/01/00 4,890,000.00 5.200 4,525,820.OD 0.00 9,415,920.00 OB/01/01 5,150,000.00 5.20D 4,271,540.00 0.00 9,421,540.00 06/01/02 5,715,000.00 5.200 4,003,740.00 0.00 9,718,740.00 08/01/03 6,140,000.00 5.200 3,706,560.OD 0.00 9,846,560.00 08/01/04 6,590,000.00 5.200 3,387,260.00 0.00 9,977,280.00 OB/01/05 7,030,000.OD 5.200 3,044,609.00 0.00 10,074,600.00 OB/01/06 7,460,000.00 5.200 2,679,040.00 0.00 10,139,040.00 08/01/07 7,970,OD0.00 5.200 2,291,120.00 0.00 10,261,120.00 1~ 08/01/08 8,480,080.00 5.200 1,876,680.00 0.00 10,356,680.00 08/01/09 9,060,000.00 5.200 1,435,720.00 0.00 ID,495,720.00 08/01/10 9,635,000.00 5.200 964,6C0.00 0.00 10,599,600.00 08/01/11 8,915,000.00 5.200 463,580.00 0.00 9,378,580.00 -.-- ................ ................ ................ ✓ 116,960,000.00 69,173,988.00 0.00 106,133,986.00 Dated Data: 10/22/92 0etivery Date: 10/22/92 ! Accrued Interest: 0.00 r ew 0as r tti COUNTY SANITATION DISTRICTS Nos. 1, 2, and 3 of ORANGE COUNTY, CALIFORNIA y/ Certificates of Participation, Joint facilities Project Proposed Series 0 Refunding - SCENARIO 2 Yield Calculation ✓ Target Value: $116,457,439.23 Arbitrage Yield: 5.517065656N PV Suggestion of Refunding Bond Debt Service: $116,457,438.23 -------------------------------------------------------------------------------- Debt Service - Gress Gross Value of on series LiquidityLtt' Fe Allowable Dress All9Nable $Refes 1992 Fan they Fees Debt Debt Paymmins Yie at Date Refunding :N1 the Seep Paysmats Arbitrage Yield 10 22 1992 $61,559.86 $81,559.36 S81,559.86 2 1 1993 $1,672,528.11 $75000.60 $1,747,525.60 $1,721,569.06 5 1 1993 $0.00 $75:000.60 S75,000.60 $72,887.99 ✓ 8 1 1993 $8,170,960.00 f71,710.99 $8,242,670.99 $7,902,240.22 11 1 1993 SO.00 $71,710.99 $71,710.99 $67,820.19 2 1 1994 $2,907,580.00 571,710.99 $2,979,290.99 $2,779,567.92 5 1 1994 $0.00 $71,710.99 $71,710.99 S65,999.57 a 1 1994 56,717,580.00 569,267.83 56,786,847.83 S6,161,899.13 Ra 11 1 1994 $0.00 S69,267.83 $69,267.83 $62,039.61 2 1 1995 $2,808,520.00 569,267.83 $2,877,787.83 S2,542,654.49 5 1 1995 SO.00 969,267.83 S69,267.83 $60,374.17 8 1 1995 S6,698,520.00 $66,773.36 S6,765,293.36 $5,816,916.60 tie 11 1 1995 $0.00 6,773.36 566,773.36 $56,637.62 2 56 1 1996 $2,707,380.00 $66,773.36 S2,774,153.36 $2,321,257.15 5 1 1996 SO.00 S66,773.36 S66,77336 SS5,117.19 e 1 1996 56,752,380.00 S64,179.51 $6,816,559.51 $5,550,602.46 11 1 1996 $0.00 $64,179.51 $64,179.51 $51,553.99 2 1 1997 S2,602,210.00 $64,179.51 S2,666,389.51 $2,112,908.01 5 1 1997 $0.00 S64,179.51 $64,179.51 $50,170.04 8 1 1"7 S6,677,210.00 $61,566.41 S6,738,776.41 $5,196,610.31 11 1 1997 SO.00 S61,566.41 S61,566.41 $46,835.36 2 1 1998 $2,496,260.00 $61,566.41 32,557,626.41 $1,919,518.39 s' 5 1 1998 ".Do $61,566.41 S61,566.41 "S,578.09 8 1 1998 S6,846,260.00 08,776.98 56,905,036.98 SS,042,771.86 11 1 1998 SO.00 $58,776.98 558,776.98 $42,344.95 2 1 1999 $2,383,160.00 358,776.98 S2,441,936.98 $1,739,481.03 r 5 1 19W SO.00 $55,776.98 $58,776.98 $41,205.21 8 1 1999 $7,008,160.00 $55,811.19 $7,063,971.19 S4,885,583.54 11 1 1999 SO.GO S55,811.19 S55,811.19 $38,078.50 2 1 2000 $2,262,910.00 S55,811.19 $2,318,721.19 $1,560,623.57 5 1 2000 ROM $55,611.19 $55,a11.19 S37,056.29 sr 8 1 2000 $7,152,910.00 $52,675.48 $7,205,585.48 $4,719,554.54 11 1 2000 $0.00 $52,675.48 $52,675.48 $34,035.43 2 1 20D1 $2,135,770.00 $52,673.48 S2,188,445.48 $1,394,920.87 5 1 2001 S0.00 S52,675.48 $52,675.48 $33,121.76 ✓ 8 1 2001 $7,285,770.00 $49,373.04 $7,335,143.04 34,549,928.08 11 1 20D1 50.00 S49,373.04 $49,373.04 $30,211.52 2 1 2002 $2,001,870.00 549,373.04 $2,051,243.04 $1,238,212.46 5 1 2002 $0.00 $49,373.04 $49,373.04 S29,400.79 8 1 2002 $7,716,870.00 $45,708.30 S7,762,578.30 $4,560,013.71 11 1 2002 $0.00 545,708.30 S45,708.30 $26,487.82 2 1 2003 S1,853,280.00 $45,708.30 S1,898,988.30 S1,085,586.79 5 1 2003 $0.00 S45,708.30 S45,708.30 $25,776.76 8 1 2003 $7,993,280.00 541,771.03 58,035,051.03 $4,470,056.41 11 1 2003 ".Do S41,771.03 S41,771.03 $22,924.01 ✓ 2 1 20" $1,693,640.00 $41,771.03 $1,735,411.03 5939,526.04 5 1 20D4 $0.00 $41,771.03 S41,771.03 $22,305.62 8 1 2004 $8,283,640.00 $37,545.19 $8,321,185.19 $4,384,032.47 it 1 2004 =.Go 1137,545.19 $37,545.19 $19,513.44 .� 2 1 2035 S1,522,300.00 S37,545.19 $1,559,845.19 $799,746.19 5 1 2005 SO.00 $37,545.19 $37,545.19 $18,989.61 8 1 2005 $8,552,300.OD $33,037.20 $8,585,337.20 54,2113,612.16 11 1 2005 S0.00 $33,037.20 $33,037.20 S16,260.99 2 1 20M $1,339,520.00 $33,037.20 $1,372,557.20 $665,446.58 5 1 2006 50.00 $33,037.20 $33,037.20 $15,824.47 8 1 20M 58,799,520.00 528,253.48 S6,827,773.48 $4,171,266.79 11 1 2006 90.00 S28,253.48 S28,253.48 $13,169.82 r w ✓ 2 1 2007 $1,145,560.OD S28,253.48 $1,173.813.48 $539,756.89 5 1 2007 SO.DD S28,253.48 S28,253.48 $12,916.28 8 1 2007 $9,115,560.OD S23,142.71 $9,138,702.71 24,D89,458.03 11 1 2007 $0.00 $0,142.71 523,142.71 $10,216.13 2 1 20DB 5938,340.00 $0,142.71 5961,482.71 $419,701.76 5 1 20M $0.00 S23,142.71 S23,142.71 $9,941.88 8 1 20M $9,418.340.00 $17,7 .91 S9,436,044.91 $3,998,852.77 1 04 1 1 2008 50.00 $17,704.91 $17,704.91 57,401.68 2 1 2009 $717,860.00 S17,704.91 $735,S64.91 2303,353.16 5 1 2009 WAD $17,704.91 $17,704.91 57,202.90 8 i 2009 S9,7r7,860.00 S11,895.19 59,789,755.19 $3,928,994.83 r 11 1 2039 50.00 S11,895.19 $11,895.19 56,709.47 2 1 2010 5482,300.OD S11,895.19 $494,195.19 S193,014.64 5 1 2010 50.00 S11,895.19 511,895.19 $4,583.04 8 1 2010 S10,117,300.0D $5,716.74 $10,123,016.74 23,847,545.74 11 1 2010 $0.00 S5,716.74 $5,716.74 S2,143.45 2 1 2011 S231,790.00 $5,716.74 52P,506.74 $87,848.OD 5 1 2011 WAM SS,716.74 $5,716.74 $2,065.91 8 1 2011 $9,146,790.00 $0.00 S9,146,790.00 $3,292,355.74 erJ $186,133,988.00 $3,411,199.19 $189,545,187.19 $116,457,438.23 TARGET VALUE GLMUT100: Per Avant of B 5116,960,0DO.00 r PLus: AccruM interest S0.00 Less: Bard Lreurence $502,561." TARGET VALUE $116.457,438.23 ✓ aee�en�seenzs-- --�ev�=_�_�m���e®a--_ r ✓ eK r r se to' 11Y E5:00 <6 to '60 _ TE 09/04/92. 0 :23:19 PAGE 1 Da1r�c9aDNer Ircorponte0 ate/ .6.1PPt Reinv¢tment $ervieea Oro County Sanitatlon District. Of Oratge Canty, Call/. Certificates of Partlel,atfat Drepmetl Series D NNWIIq OTNER.FIaD.PORTE0t 10 MCCTIONS (REPORT 55) R4TDRITT "CN65E SETTLE- ACCIPED _ TOOL Net TYPE COUPoM DATE PM 6NU0NT PRICE PRICE VENT INTEREST PORCMIE ----- ------"" ........ ............... ......... ............... ........ ............... ............... 1NOTE 6.37500 07/31/93 2,440,000.00 102.60W7 2,503,668.75 10/22/92 37,04.92 2,541,503.67 N! NOTE 4.25000 07/31/% 2,495,000.00 100.34375 2,503,576.56 10/22/92 23,916.07 2,527,492.63 TNOTE 3,97500 07/15/95 2,463,000.00 111.03125 2,734,699.69 10/22/92 58,805.80 2,793,505.49 TNOTE 7.87500 071311% 99,545,000.00 109.23437 1%,737,358.59 lo/22/92 1.768.073.39 110.505,431,90 ............... ------------"-- ------------ -_-_-_--_------ le, 1%,%3,000.00 116,479,303.59 1,888,630.18 118,367,933.77 ate' 4 ase, PRELIMINARY — SUBJECT TO CHANGE ar r aw rr r rua •• is+au 2e -PO tiu TE 09/04/92, 08:z3:19 PACE 1 PaineNe6per Inearpore[W Nunieipal Aeim taunt Services Croup County Sanitation Districts Rf Grage Ce)nty. Calif. Certif(utes of Particlpatlm .� Prepoaee Series 0 Refu dirg OTHER M PORTFOLIO CASHFLON SCHEOIAE (REPORT 53) PORTFOLIO PORTFOLIO RETAINED TOTAL TOTAL �. )RAN PRINCIPAL COUPON FLOAT WFLdR PERIM AVAILABLE LESS: ENDING )ATE RETIREMENT EARNINGS EARNINGS (NOTE 1) INCOME N/PREY BALANCE OBLIGATIONS BALANCE ...... •............. .............. .............. .............. .............. .............. .............. .............. O1/93 0.00 4,165,773.76 0.00 0.00 4,165,773.76 4,165,7n.76 4,085,150.00 80,623.76 1e'f 01193 2,440,000.00 4,165,173.76 0.00 0.00 6,605,173.76 6,686,397.52 6,685,150.00 1,267.52 Ov% 0.00 4,001,898.76 0.00 0.00 4,081.898.76 4,093.146.28 3,929,150.00 1S3,OP6.28 01/94 2,495,000.00 4,081,898.76 0.00 0.00 6,576.a98.76 6,730,895.04 6.729,150.00 1.745.04 F•P O1/95 0.00 4,028,800.01 0.00 0.00 4,OM.WO.01 6,030,625.05 3,761,150.00 269.475.05 01/0 2,465,000.00 4,020,890.01 0.00 0.00 6,491.BB0.01 6,761,355.06 6,761.150,00 205.06 01/96 0.00 3,919,584.36 0.00 0.00 3,919,S84.38 3,919,789.K 3,581,150.00 378,639.0 01/96 99.545.000.00 3,919,584.38 0.00 0.00 103,464,584.38 103,803,223.82 103.799.130.00 4,673.82 01/97 0.00 0.00 0.00 0.00 0.00 4,073.32 0.00 4,073.8z O1/97 0.00 0.00 0.00 0.00 0.00 4,073.az 0.00 4,073.82 Olt" 0.00 0.00 0.00 0.00 0.00 4,073.82 0.00 4,073.82 01/98 0.00 0.00 0.00 0.00 O.00 4,073.82 0.00 4,073.82 211" 0.00 0.00 0.00 0.= 0.00 4.073.62 0.00 a,073.0 31/99 0.00 0.00 0.00 0.00 0.00 4,073.82 0.00 4,073.62 71/00 0.00 0.00 0.00 0.00 0.00 4,073.82 0.00 4.0n.B2 WOO 0.00 0.00 0.00 0.00 0.00 4.073.82 0.00 4,073.62 11101 0.00 0.00 0.00 0.00 0.00 4,073.82 0.00 4,073.82 )1/01 0.00 0.00 0.00 0.0 0.00 4,073.82 0.00 4.0n.66 .N .............. .............. .............. .............. .............. ---._._.__,__. 106,947,000.00 32,392,273.82 0.0 0.00 179,3S5,273.82 139.331.200.00 Ineludee retained portfolio accrued Interest arA premiums. d r PRELIMINARY - SUBJECT TO CHANGE TE 09/04/92, 08:23t21 PAGE i Pafo Wbber Inee1p6raae6 Municl Pal Reinvestment Services Gr9 County Sanitation Districts of Orange Canty, Calif. Certt Tf utey of P.rticiw l mn Prep6se6 Ser l ee D RRfun6lMq PORTFOLIO BLENDED YIELD CALCULATIONREPORT (REPORT 10) 2 CU"NDINGS/YEAR USE DATE 10/22/92 PV FACTOR CUMULATIVE DATE AMOIAT AT 5.114927% PY AMOUNT PRESENT VALUE -------- --------------- ------------- --------------- -------------- iy 10/22/92 119,367,933." 1.000000000DD - 118,367,933.77 - 118,367,933.77 01/15/93 109,295.63 0.98842306057 108,030.32 - 118,259,903.45 01/31/93 4,036,478.13 0.96620681802 4,000,526.39 - 114,259,3".06 07/15/93 109,395.63 0.96377486911 105,336.38 - 114,154,O4O.68 N 07/31/93 6,496,478.13 0.96161389274 6,247,103.62 - 107,906,937.05 01/15/94 109,295.63 0.93974132675 102,709.62 • 107,804,227.43 01/31/94 3,972,603.13 0.93763423UG 3,724,846.71 - 1%.079,378.72 r, 07/1S/94 109,295.63 0.91630710605 100,148.36 - 103,979,230.36 07/31/94 6,467,603.13 0.91425256192 5,913,022.73 •98,066,2UT.63 01/15/95 109,295.63 0.89345726180 97,650.97 -97,968.556.66 01/31/95 3,919,584.38 0.89143395160 3,494,128.98 -94,474,427.67 07/15/95 2,572,295.63 0.87117722148 2,24T),925.36 •92,233,502.31 07/31/95 3,919,584.38 0.86922386759 3,406,996.29 -85,826,506.02 01/31/96 3,919,584.38 0.64754813261 3,322,036.42 -55.501,469.60 07/31/96 103,464,584.38 0.82641292292 $5,504,469.60 0.00 Net ANN PRELIMINARY - SUBJECT TO CHANGE Ne, COUNTY SANITATION DISTRICTS Was. 1, 2, and 3 of ORANOE COUNTY, CALIFORNIA Certificates of Participation Proposed Series D RefimEinS Scenario 2A: Variabte-to-Flsed Rate Swap RefurNirg of Series 1M and S COPS yam/ FUN OPP with COPS Proceeds 09/15/92 vy SOU R C E5 AND U 5 E S OF FUNDS v SOURCES: PAR AMOUNT OF BONDS 163,835,000.00 PROCEEDS FROM SALE OF 1986 DSRF 13,120,173.75 ---------------- 'y TOTAL SOURCES S 176,955,173.75 USES: ESCR011 FOR 1986 AND B COPS 158,987,M." r DEBT SERVICE RESERVE FUND 16,383,500.00 INSURANCE COST 757,4s0.27 UNDERNRITER'S DISCOUNT 573,422.50 OTHER ISSUE COST 250,000.00 wv BALANCING AMOUNT 2,992.04 ---------------- TOTAL USES $ 176,955,173.75 ^"a Not" aaaae J MNITRAGE ROSS YIELD - 5.615148171% DEFEASMCE ESCROW YIELD - 5.60831258% ✓ ✓ ✓ r wJ r ��ar✓ w i t t t t a t [ COUNTY SANITATION DISTRICTS Ma. 1, 2, and 3 of ORANGE COUNTY, CALIFORNIA Certificates of Participation - Joint Facilities Project Freposed Series D Refunding - Savings Table Scenario 2A: Use of Variable-to-Fixed Rate Soap to Refund Series 1986 and B COPs; Fund DSRF with Bond Proceeds Series 1986 and B Refuded cops Series 0 Refunding COPs Savings Calculations DSRF Earnings $11.941,000 Liquidity DSRF Earni Ms Semi-Annual $11,941,000 Facility end $16,383,500 Bond Year Present Value 8.000% Net Total Remarketing Fee 5.550% Net Total Met Annual Net Savings at Date Prfmipal Interest 5.550% Debt Service Principal Interest 0.325% 5.550% Debt Service Savings a Savings a 5.61515% 10 22 1992 $114,278 9114,278 (594,278) ($94,278) 2 1 1993 f0 $5,379,463 SM.702 $5,116.761 $O $2,387,595 $138,901 $250,053 $2,276,743 $2,840,017 $2,797,095 8 1 1993 52,600,000 $5,379,463 $477,"0 57,501,823 $5,660,000 $4.341,628 $268,028 $454,642 $9,815,013 (52,313,191) 5432,548 ($2,216,014) 2 1 1994 $0 $5.223,463 $477,640 $4,745,823 SO 54,191,638 $262,274 5454,642 $3,999,269 5746,553 5695,660 8 1 1994 $2,800,000 $5,223,463 547F,640 17,545,823 53,885,000 $4,191,638 $259,701 $454,642 57,881,777 ($335,954) 5410,599 ($304,503) 2 1 1995 SO 55,055,463 $477,640 54,577,823 f0 $4,088,685 f255,832 $454,642 $3,889,875 $657,948 5606,514 6 1 1995 53,000,000 55,055,463 $477,640 $7,577,823 53,970,000 K,088,685 $253,285 f454,642 $7,857,328 (5279,505) 5408,442 (f239,691) 2 1 1996 $0 $4,075,463 $477,"0 $4,397,023 $O 53,983,480 $249,249 $454,642 $3,778,087 5619,735 $516,942 8 1 1996 $3,300,000 54,875,463 5477,640 $7,697,823 54,130,000 $3,983,480 $246,600 5454,642 $7,905,438 ($207,615) $412,120 (SI68,449) 2 1 1997 50 $4,677,463 $477,640 54,199,823 $O $3.874,035 $242,401 $454,642 53,661,794 $538,028 $424,610 8 1 1997 93,500,000 $4,677,463 5477,640 $7,699,823 $4,170,000 53,874,035 5239,726 5454,642 $7.629,119 (5129,296) $408,732 (599,254) 2 1 1998 $0 54,553,213 $477,640 $4,075,573 $O 53,763,530 $235,487 f454,642 $3,544,375 5531,198 5396,635 8 1 1998 53,800,C00 24,553,213 5477,640 57,875,573 $4,450,000 $3,763,530 5232,632 5454,642 $7,991,520 (9115,947) 2415,250 (f04,211) 2 1 1999 $0 $4,418,313 $477,"0 $3,940,673 $0 53,645,605 5228,108 $454,642 53,419,071 $521,601 5368,488 8 1 1999 $4,100,000 $4,418,313 5477,640 58,040,673 $4,735,000 $3,645,605 5225,070 5454,642 $5,151,O33 ($110,361) $411,241 (575,836) 2 1 2000 SO 14,272,763 f477,640 $3,795,123 SO $3,520,128 $220.257 5454,642 53,285,742 $509.380 $340,468 8 1 2000 54,400,000 54,272,763 5477,640 $8,195,123 55,005,000 $3,520,128 $217,046 $454,642 $8,287,531 (592,409) $416,971 1W,079) 2 1 2001 $0 $4,116,563 $477,640 $3,638,923 $0 $3,387,495 $211,958 5454,642 53,144,811 $494,112 $312,471 8 1 2001 54,700,000 $4,116,563 5477,640 $8,338,923 $5,255,000 $3,357,495 $208,567 $454.642 $8,426,420 (587,498) $406,614 (553,822) 2 1 2002 f0 $3,949,713 5404,501 $3,545,211 $0 $3,247,443 $203,195 $454,642 52,995,995 $549,216 S32B,607 8 1 20D2 $5,100,000 $3,949,713 5331,363 $8,718,350 55,860,000 $3,247,443 $199,435 $454,642 58,852,236 (5133,886) $415,330 (577,919) 2 1 2003 SO $3,769,663 $331,363 $3,437,300 $0 53,092,153 5193,478 5454,642 $2,830,989 $606,311 $343,225 8 1 2003 f5,500,000 $3,768,663 $331,363 58,937,300 56,310,000 $3,092,153 $189,430 5454,642 $9,136,940 (5199,641) $406,670 (5109,920) 2 1 2004 SO $3,573,413 $331,363 $3,242,050 $0 $2,924,938 5183,016 S454,642 $2,653,311 $588,739 $315,324 8 1 20W, 56,000,000 $3,573,413 $331,363 19,242,050 $6,780,000 $2,924,938 $178,666 U54:642 59,428,961 (5186,911) $401,827 (597,374) 2 1 2005 90 $3.360,413 $331,363 53,029,050 $O 52,745,268 f171,7F3 5454,642 $2,462,399 $566,651 5287,1K 8 1 2005 56,500,000 $3,360,413 $331,363 59,529,050 $7,225,000 52,745,268 $167,138 $454,642 59,682,764 (6153,714) $412,937 (575,765) 2 1 2006 SO $3,129,663 $331,363 $2,798,300 $0 $2,553,805 5159,794 5454 642 $2,258,956 $539,343 5258,582 6 1 2006 $7,000,000 53,129,663 5331,363 $9,798,3DO $7,670,000 52553,605 $154,873 $454:642 $9,924,036 (S125,736) $413,608 ($58,636) 2 1 2007 $0 $2,681,163 $331,363 $2,549,800 80 $2,350,550 $147,076 $454,642 $2,042,984 5506,816 $229,897 8 1 2007 $7,600,000 S2,8111,163 $331,363 $10,149,800 $8,210,000 $2,350,550 5141,808 f454,642 $10,247,716 ($97,917) $406,900 (543,203) 2 1 2008 $O $2,611,363 $531,363 f7,280,000 f0 $2,732,985 $133,462 $454,642 $1,811,805 5468,194 $200,937 8 1 2006 513,595,000 $2,611,363 $331,363 515,875,000 $14,120,000 52,132,985 $124,404 5454,642 $15,922,746 ($47,747) 5420,448 (519,932) 2 1 2009 $0 $2,138,181 $331,363 $1,606,819 $0 $1,758,805 5110,05D 5454,642 $1,414,213 $392,606 $159,419 8 1 2009 $14,660,000 $2,118,181 $331,363 $16,466,819 $15,040,000 51,758,605 $100,401 5454,642 f16,444,564 $22,255 5414,861 SB,790 2 1 2010 $O $1,627,531 $331,363 51,296,469 SO 51,360.245 $85,112 $454,642 $990,714 $3D5,754 $117,464 8 1 2010 $15,745,000 $1,627,831 $331,363 $17,041,469 $15,955,000 $1,360,245 $74,875 $454,642 516,935,478 $105.990 5411,744 f39,607 2 1 2011 S0 $1,079,638 $331,363 $740,275 $O $937,438 $58,656 $454,642 $541,452 $206,823 575,176 8 1 2011 $16,965,000 $1,079,638 $12,272,363 55,776,275 $5,035,000 $937,438 555,426 $454,642 $5,573,221 5799,053 $405.877 f70,376 2 1 2012 SO 5488,869 SO $488,869 s0 $804,010 $50,308 5454,642 $399,675 $89,193 $30,674 8 1 2012 57,005,000 $4438,869 SO $7,493,869 f6,790,000 $804,010 $45,951 $454,642 $7,185,319 $308,550 $397,743 $103,212 2 1 2013 SD 5252,450 SO 5252,450 SO $624,075 $39,049 5454,642 5208,482 $43968 $14,306 8 1 2013 $7,480,000 $252,450 $O $7,732,450 523,550,000 $624,075 $23,940 516,838,142 $7,359,873 $372:577 5416,545 5117,916 TOTALS $145,350,000 $142,867.038 $27,023,976 $261,193.062 $163,835,000 $116,702,138 $7,300,790 $35,273,880 5252,564,055 $6,649,007 58,649,007 $5,280,645 Grass Savings as Percentage of Par Refunded: 5.95% PV Savings as Percentage of Per Refunded: 3.63% fh XOTIlt The �fladdMiaati1tt e MfNwgydlatta e*mts the assumed cost of the baffiolder consent election otherwise conteiryleted by the District COUNTY SANITATION DISTRICTS Nos. 1, 2, and 3 of ORANGE COUNTY, CALIFORNIA Certificates of Participation Proposed Series 0 Refudin0 Scenario 2A: Variable-to-Fixed Rate Swap Refunding of Series 1986 and! 8 COPS FUM DSNF with Coos Proceeds DEBT SERVICE REPORT DATE PRINCIPAL C01 INTEREST ACCRETION TOTAL -------- ---------------- ------- ---------------- ---------------- ---------------- 08/01/0 5,660,000.00 5.300 6,729,522.63 0.00 12,389,522.63 w. 08/01/94 3,885,000.00 5.300 8,383,275.00 0.00 12,268,275.D0 08/01/95 3,970,000.00 5.300 8,177,370.00 0.00 12,147,370.00 08/01/% 4,130,000.00 5.300 7,966,960.00 O.DD 12,0%,960.00 08/01/97 4,170,000.00 5.300 7,748,070.00 0.00 11,918,070.00 08/01/0 4,450,000.00 5.3D0 7,527,060.00 0.00 11,977,060.00 08/01/99 4,735,OOO.DO 5.3D0 7,291,210.00 0.00 12,026,210.00 08/01/00 5,005,000.00 5.300 7,040,255.00 0.00 12,045,255.00 08/01/01 5,285,000.00 5.300 6,774,9%.DO 0.00 12,059,MOD 08/01/02 5,860,000.00 5.300 6,496,885.00 0.00 12,354,885.00 08/01/03 6,310,000.00 5.3D0 6,184,305.00 0.00 12,494,305.00 08/01/04 6,780,000.00 5.300 5,849,875.00 0.00 12,629,875.00 O3/01/05 7,225,000.00 5.300 5,4%,535.00 0.00 12,715,535.00 08/01/06 7,670,000.00 5.300 5,107,610.00 0.00 12,777,610.00 08/01/07 8,210,000.00 5.300 4,701,100.00 0.00 12,911,100.00 ,r 08/01/08 14,120,000.00 5.300 4,265,970.00 0.00 18,385,970.00 O8/01/09 15,040,000.00 5.300 3,517,610.00 0.00 18,557,610.00 08/01/10 15,M,000.00 5.300 2,720,490.00 0.D0 18,675,490.00 08/01/11 5,035,000.00 5.300 1,874,875.00 0.00 6,909,875.00 OB/01/12 6,790,000.00 5.30D 1,608,020.00 0.00 8,398,020.00 `^ OB/01/13 23,550,000.00 5.300 1,248,150.00 0.00 24,798,150.00 ................ ................ ................ ................ 163,835,000.00 116,702,137.63 0.00 280,537,137.63 Dated Date: 10/22/92 -J Oetivery Date: 10/22/92 Accrued Interest: 0.00 r .r sn aaa�/ .o r COUNTY SANITATION DISTRICTS Nos. 1, 2, and 3 of ORANGE COUNTY, CALIFORNIA Certificates of Participation, Joint Facf Litiea Project Proposed Series D Refunding - SCENARIO 2A Yield Cetcatation Target VOtue: $163,077,549.73 Arbitrage Yfetd: 5.6151491711 PV Suenatten of Refueling Bend Debt Service: $163,077,949.73 ................................................................................ r Debt Service Oren Present Value of an Proposed Liquidity Attemebte Drop Atlewbte Series 1992 FwfLlty Fps Debt Debt Payments at Date Refueling on the Seep Payments Arbitrage Yfetd -------------------------------------------------------------------------------- 10 22 1992 5114,278.24 $114,278.24 $114,278.24 2 1 1993 52,387,895.13 $105,110.39 $2,493,005.52 92,455,327.50 5 1 1993 $0.00 S1O5,110.39 $105,110.39 $102,098.48 8 1 1993 510,001,627.50 $101,479.15 510,103,106.65 $9,678,677.40 11 1 1993 ".Do $101,479.15 $101,479.15 $95,879.41 2 1 1994 $4,191,637.50 5101,479.15 54,293,116.65 $4,000,448.23 5 1 1994 p.00 1101,479.15 $101,479.15 $93,261.03 8 1 1994 $8.076,637.50 $98,966.68 18,175,624.18 $7,410,231.47 r 11 1 1994 p.GO 198,986.68 S98,986.68 $88,486.10 2 1 1995 U,068,655.00 $98,986.68 K,187,671.68 $3,691,971.74 5 1 1995 $0.00 S%,986.68 08,986.68 S86,D69.63 8 1 1995 W,058,685.00 196,439.68 $8,155,124.68 16,993,446.18 11 1 1995 10.00 $96,439.68 196,439.68 $81,565.00 r 2 1 1996 $3,983,41D.00 S%,439.68 $4,079,919.68 $3,403,197.34 5 1 1996 WAIT 596,439.68 S96,439.68 579,337.54 8 1 1996 $8,113,480.00 $93,790.02 $8,207,270.02 $6,659,001.78 11 1 1996 ROAD $93,790.02 f93,790.02 575,050.66 2 1 1997 $3,574,N5.00 593,790.02 0,967,825.02 $3,131,394.68 ` 5 1 1997 ROAD 593,790.02 193,7%.02 S73,001.10 8 1 1997 18,044,035.00 $91,114.71 18,135,149.71 56,244,903.56 11 1 1997 =.Do $91,114.71 $91,114.71 568,982.05 2 1 1998 13,763,530.OD $91,114.71 S3,854,644.71 52,878,189.80 r 5 1 1998 50.00 $91,114.71 $91,114.71 $67,098.22 8 1 1998 $8,213,530.00 $88,259.75 58,301,789.75 $6,029,505.48 11 1 1998 $0.00 588,259.75 188,259.75 $63,220.82 2 1 1999 53,465,605.00 588,259.75 53,753,864.75 $2,637,809.54 5 1 1999 ROAD $88,259.75 SS8,259.75 %1,494.32 'd 8 1 1999 $8,380,605.00 $85,221.95 18,465,826.% $5,811,402.70 11 1 1999 $0.00 185,221.95 585,221.95 557,756.21 2 1 2000 53,520,127.50 $85,221.95 $3,605,349.45 $2,409,805.52 5 1 2000 $0.00 $55,221.95 585,221.95 $56,178.94 e 1 2000 $8,525,127.50 $82,010.0 $8,607,138.43 $5,595,878.85 11 1 2000 SO.OD $82,010.93 Sa2,010.93 $52,585.63 2 1 2001 $3,387,495.00 582,010.93 53,469,505.93 52,194,077.89 5 1 2001 $0.00 $82,010.93 $82,010.93 551,149.76 8 1 2001 $8,672,495.00 $78,620.28 $8,751,115.28 $5,382,979.18 r 11 1 2001 $0.00 $78,620.28 $78,620.28 $47,695.93 2 1 2002 $3,247,442.50 578,620.28 $3,326,062.78 51,990,052.9E 5 1 2002 $0.00 $78,620.28 $78,620.28 $46,393.40 8 1 2002 $9,107,442.50 $74,860.72 59,182,303.22 $5,343,929.29 r 11 1 2002 $0.00 574,860.R 574,860.72 542,968.53 2 1 2003 $3,092,152.50 $74,860.72 $3,167,013.22 $1,792,8%.23 5 1 2003 ROAD $74,860.72 $74,860.72 541,795.10 8 1 2003 59,402,152.5D 570,812.46 19,472,964.% 55,216,086.45 11 1 2003 SO.00 $70,812.46 $70,812.46 $38,455.28 r 2 1 2004 $2,924,937.50 $70,812.46 $2,995,749.96 51,604,498.45 5 1 20D4 $0.00 $70,812.46 $70,812.46 $37,405.10 8 1 2004 $9,704,937.50 $66,462.67 $9,771,400.17 $5,090,558.43 11 1 2004 SO.OD $66,462.67 $66,462.67 534,148.67 2 1 2005 $2,745,267.50 566,462.67 52,811,730.17 51,424,810.66 S 1 2005 $0.00 $66,462.67 566,462.67 Sn,216.11 8 1 2005 $9,970,267.50 561,827.38 $10,032,094.88 $4,944,814.85 11 1 2005 WOO f61,827.38 561,827.38 $30,055.69 2 1 2036 $2,553,805.00 $61,827.38 $2,615,632.38 $1,254,035.98 m.s.,r✓ 5 1 2006 $0.00 $61,827.38 161,827.38 $29,234.90 8 1 20M SIO,223,805.00 $56,906.59 $10.280,711.59 54,794,367.91 11 1 20% $0.00 $56,906.59 556,906.59 $26,173.28 w r r 2 1 2007 92,350,550.00 $56,906.59 $2,407,456.59 S1,092,047.52 5 1 2007 30.00 556,906.59 $56,906.59 S25,458.52 8 1 2007 S10,560,550.00 S51,639.37 $10,612,189.37 54,652,340.04 11 1 2007 $0.00 S51,639.37 S51,639.37 $22,471.20 2 1 20M $2,132,MOO SS1,639.37 $2,184,624.37 S937,582.78 5 1 2008 50.00 $51,639.37 S51,639.37 $21,857.54 8 1 20M $16,252,985.00 S42,S80.50 S16,M 565.50 56,802,635.05 11 1 2008 S0.00 542,580.50 $42,580.50 $17,530.97 2 1 2009 S1,758,805.00 242,580.50 $1,801.385.50 $731,457.82 5 1 2009 SO.OD f42,580.50 $42.SB0.50 $17.052.22 8 1 20D9 S16,798,805.00 M.931.40 S16,S31,736.40 56,647,929.95 m 11 1 2009 50.00 $32.931.40 $32,931.40 S12,827.89 2 1 2010 S1,360,245.00 $32,931. 0 S1,393,176.40 $535,227.61 S 1 2010 30.00 S32,931.40 $32,01.40 $12,477.57 8 1 2010 517,315,245.00 S22,6%.27 $17,337,%0.27 56,478,9S2.66 11 1 2010 $0.00 S22,695.27 522,693.27 58,364.31 r 2 1 2011 $937,437.50 S22,695.27 3960,132.77 $348,990.39 5 1 2011 50.00 522,695.27 SZ2,695.27 $8,135.89 8 1 2011 SS,972,437.50 S19,465.01 $5,991,902.51 92,118,467.50 11 1 2011 50.00 S19,465.01 $19,465.01 $6,787.33 m 2 1 2012 5804,010.00 $19,465.01 S823,475.01 Sffi,192.91 5 1 2012 $0.00 519,465.01 $19,465.01 56,601.98 8 1 2012 $7,594,010.00 S15,108.80 S7,609,118.80 52,545,313.08 11 1 2012 SO.00 $15,108.80 $15,108.80 54,984.53 2 1 2013 S624,075.00 $15,108.80 5639,183.80 SZ07,973.26 r 5 1 2013 SO.00 $15,105.80 $15,108.80 S4,848.41 8 1 2013 $24,174,075.00 SO.00 $24.174,075.00 $7,650,793.63 S2W.537,137.63 S5,649,352.29 S286,186,489.92 S163,077,549.73 TARGET VALUE CALCULATION: ear Avant of BarKa $163,835,000.00 Plus: Accrued Interest $0.00 La60: Bard Irmurame $757,450.27 ----------------- TARGETVALUP 1163,077,549.73 __=�vvmv=_®c�v®v➢vv r m r r m�� PaineWebber Incorporated Municipal Reinvestment Services Group County Sanitation Districts of Orange County,California ^ 2 6 N SERIES 1906 1990-1992 SERIES 0 COMBINED PRESENT o DATES CASHFLOW CASHFLOW CASHFLOW PERIODS VALUE I y 22 92 (118.367,933.77) (40.619,875.17) (158.987.508.94) 0.00000 (156,097,808.94) 1 15 93 109.295.63 0.00 109.295.63 0.46111 107,910.71 YIELD =5.60831258 1 31 93 4,056,478.13 1.295.306.26 5.351.784.39 0.55000 5.270.996.63 7 15 93 109,295.53 0.00 109.295.63 1.46111 104.96726 7 31 93 6,496,470.13 1.293.906.26 7,790,384.39 1.55000 7,463,496.67 1 15 94 109.295.63 0.00 109.295.63 2.46111 102,104.10 1 31 94 3,972,603.13 1.296.953.13 5,269,556.26 2,55000 4,910,738.73 7 15 94 109.295.63 0.00 109.295.63 3,46111 99.319.04 7 31 94 6.467.603.13 1,294,775.00 7,762,378.13 3.55000 7,D36,503.45 I 15 95 109.295.63 1,161,000.00 1,270,225.63 4.46111 I.122,855.46 1 81 95 3.919.584.38 130.550.00 4,050,134.38 4.55000 3,371,255.07 7 15 95 2.572.295.63 1,163,000.00 3,735,295.63 6.48111 3211.688.07 7 31 95 3,019,554.39 130,550.00 4.050.134.36 5.5501100 3,473,843.08 1 31 96 3,919,5a4.38 1,295,550.00 5.215.134.35 6.55000 4,851,066.23 7 31 96 103,464,564.38 1,296,562.50 104,761,446.89 7.55000 95,01A981.75 1 31 97 1,294,218.75 1294.218.75 8.55000 1,021,683.82 7 15 97 1,293,000.00 1,293,000.00 9.46111 M.323.39 1 15 98 1294.000.00 1.294,0001.00 10.46111 966,923.05 7 15 98 1.294.000.00 1,294,000.00 11.48111 942,494.05 1 15 99 1,294,000.00 1294.000.00 12,46111 916,785.94 7 15 99 1,294,000.00 1,294,000.00 13.46111 891,779.06 1 15 100 1,294,000.00 1,204,000.00 14.46111 667,45428 7 15 100 1.294.000.00 1204,000.00 15.46111 543.793.00 1 15 101 1.294.000.00 1,294,000.00 15.46111 620.T77.14 2 15 101 40.411.000.00 40.411,00(1.00 16.62778 25.614.601.67 2 15 101 (40,411,000.00) (40.411,000.00) 16.62770 (25,514,601.67) a 1 101 40,411,000.00 40.411.000.00 17.55000 24,672,090.13 PRELIMINARY- SUBJECT M CHANGE r iuN OATE 09/04/92, M:20:19 PAGE 1 PairwUebbar Ineerpareted i icipat Reil atm t Services GraOp County Sanite9)m 0istrlCtR of Orertge C94Rlty, Calif. Cerrificate3 of Participation Propose6 Serits D RofWWIFNg UIBtN MRO 9UNIPULIU CANNRW SCNEOULE (REPORT 55) PORTFOLIO PORTFOLIO RETAINED TOTAL TOTAL DRAY PRINCIPAL COUPON FLOAT WTFLONS PERIOD AVAILABLE LESS2 ENDING DATE RETIREMENT EARNINGS EARNINGS (NOTE 1) INCOME WPREV BALANCE OBLIGATIONS BALANCE 12/01/93 0.00 4,165,TT3.76 0.00 9.00 4,165,773.76 4,169,773.76 4,085,150.W 80,623.76 08/01/93 2,440,000.00 4,165,773.76 0.00 0.00 6,605,773.76 6,656.397.52 6,685,150.00 1,247.52 02/01/94 0.00 4,081,898.76 0.00 0.00 4,081,896.76 4,063.146.78 3,929,150.00 153,9%.28 08/01/94 2,495,000.00 4,081,898.76 0.00 0.00 6,576,893.76 6,730,895.04 6,T29,150.00 1,745.04 02/O1/95 O.DO 4,028,880.01 0.00 0.00 4,028.880.01 4,030,625.05 3,761.150.00 269,475.05 08/01/% 2,463,000.00 4,028,880.01 0.00 0.00 6,491,880.01 6,761,355.06 6,761,150.00 205.06 02/91/% 0.00 3,919,554.38 0.00 0.00 3,919,564.30 3,919,789.44 3,581,150.00 M.639.K 08/01/96 W,545,000.00 3,919,584.38 0.00 0.00 103.464,584.38 103,803,223.62 103,799,150.00 4,073.n 02/01/97 0.00 0.90 0.00 0.00 0.00 4,073.82 0.00 4,073.82 08/01/97 0.00 0.00 0.00 0.00 0.09 4,0n.82 0.00 4,073.62 02/01/98 0.00 0.00 0.00 0.00 0.00 4,On.82 0.00 4,0n.82 06/01/98 9.00 0.00 0.00 0.00 0.00 4,073.92 0.00 4,073,82 02/01/99 0.00 0.00 0.00 0.00 0.09 4.073.82 0.00 4,073.82 06/01/W 0.00 0.00 0.00 0.00 0.00 4,073.82 0.00 4,0n.82 02/01/00 0.00 0.00 0.00 0.00 9.00 4,0n.82 0.00 4,0n.92 08/01/00 0.00 0.00 0.00 0.00 O.OD 4,On.82 0.00 4,073.62 02/01/01 O.Do 0.00 0.00 0.00 0.00 4,073.82 0.00 4,073.82 08/O1/O1 0.00 0.00 0.00 0.00 0.00 4,On.82 0.00 4,On.82 ... .............. .............. ....... ..... .............. 106,943,000.00 32,392,273.52 0.00 0.00 IM,335,273.82 139,331,200.00 ata I: Includes retain portfolio BecruM interest aM prmiw. r PRELIMINARY - SUBJECT TO CHANGE r r ION DATE 09/04/92, 08123t19 PACE I vai Mlabher [roerpara[ad Municipal 0.elmestFNnt Services 6ralgt Canty Sanitation Districts of Ornye Canty, CAlit. Certificates of Participation Proposed Series D Refladlm _ OTNER FUMY PORTFOLIO SELECTIONS (REPORT 55) MATURITY NAME! FETTLE- ACCRUED TOTAL CONE TYPE COUPON DATE PAR ANOONT PRICE PRICE OUT INTEREST PURCMASE .... ..... ........ ........ ............... ......... ............... ........ ............... ............... 20562 NOTE 6.87700 07/31/93 2,440,000.00 102.60937 2,503,668.75 10/22/92 37,834.92 2,561,503.67 205" TNOTE 4.25000 07/31/94 2,495,000.00 100.34375 2,503,576.56 10/22/92 23,916.07 2,527,492.63 ar MIS TROTS 8.87500 07/13/95 2,463,000.00 111,03125 2,734,699.69 ta/22/9Y 59,803.80 2,793,505.49 2056E TNOTE 7.87500 07/31/96 99,545,000.00 109.23437 108,737,358.59 10/22/92 1,768,073.39 110,505,431.98 ............... --------------- .--_•-- ------- ............... .� 106,943,000.00 116,479,303.59 1.888.630.16 118,367,933.77 yr PRELIMINARY - SUBJECT TO CHANGE .a r r�� and Wv EG60 Z6 '50 '60 UN DATE 09/04/92, 08:23:21 PAGE t Palneuebber Incorporated Mur,WI It Rol mestment Services Croup County Sanitatian Dlatrlcta of Orange County, Calif. cortifleates of Participoiti= Nr Prcp9Ped Serift D RefiAMia9 PORTFOLIO BLENDED YIELD CALCULATION REPORT (REPORT 10) 2 COMPDlINDINGS/YEAR USE DATE 10/22/92 r W FACTOR CUMULATIVE DATE AMOUNT AT 5.114927% PV AMOUNT PRESENT VALUE ........ ............... ............. ............... ............... 10/22/92 118,367,933.77 1.00000000000 - 118,367,933.A - 118,367,933.77 01/15/93 109.295.63 0.98842306057 108,030.32 . 118,259,903.45 01/31/93 4,056,478.13 0.98620681802 4,000,526.39 • 114,259,177.06 07/15/93 109,295.63 0.96377486911 105,336.38 - 114,154,040.60 07/31/93 6,496,478.13 0.96161389274 6,247,103.62 • 107.906.937.05 O1/15/94 109,295.63 0.03974132675 102.709.62 . 107,804,227.43 01/31/94 3,972,603.13 0.937634UUO 3,724,048.71 - 104,D79,3T8.72 r 07/15/94 109,295.63 0.91630710605 100,148.36 - 103,979,230.36 07/31/94 6,467,603.13 0.91429236192 5.913,022.73 -98,066,207.63 01/15/93 109.295.63 O.B9345726180 97,650.97 -97,%8.556.66 01/31/99 3,919,584.38 0.89145395160 3,494,128.98 •94,474,427.67 07/15/95 2,572,295.63 0.87117R2148 2,240,925.36 -92.233,502.31 .'/ 07/31/95 3,919,584.38 0.86922386759 3,406,996.29 -88,826,506.02 01/31/96 3,919,584.38 0.8475481326I 3,322,036.42 •85,504,469.60 07/31/96 ID3,464,584.38 0.82641292292 85,504,469.60 0.00- m PRELIMINARY - SUBJECT TO CHANGE Pod AV CG:50 26 '60 '60 /RUM DATE 09/O9/92, 09:39:12 PAGE 1 y PolneWe66er Incorporated Municipal Reimeetmnt serVieea Group County Sanitetim Districts of Crap. Canty, Go llf. Certificates Of Partiel pall m, 1990-1992 S9ri0a 8 r 01NER FUND PORTF01.I0 CASNFLOV SCHEDULE (REPORT 53) PORTFOLIO PORTFOLIO RETAINED TOTAL TOTAL DRAW PRINCIPAL COUPON FLOAT OUTFLOWS PERIOD AVAILABLE LESS: ENOINO DATE RETIREMENT EARNINGS EARNINGS (NOTE 1) INCOME W/PREY BALANCE OBLIGATIONS RALANCE ........ ---........... .............. ............- -------------- -------------- .....__....... ____.......... .............. 02/01/93 11040.000,00 255,306.26 0.00 0.00 1,295,306.26 1.295,306.26 1,294,312.50 996.76 08/01/93 11075,000.00 218,906.26 0.00 0.00 1.293,906.26 1,294,900.02 1,2%,312.50 587.52 09/01/94 1,115,000.00 181,953.13 0.00 0.00 1,296,953.13 1,297,540.65 1,294,312.50 3,228.15 OB/01/94 1,140,000.00 154,775.00 0.00 0.00 1,2%,M.06 1,29A,n03,15 1,294,312.50 3,690.61 ^%a+F*5 +.+^+.^^9.99 110,220.00 U,uu LAU U111,550.1l0 1,mma.6S 1,294.512.90 03A.I9 08/01/95 1,163,000.00 130,550.00 O.00 0.00 1,293,550.00 1,294,478.15 1,294,312.50 765.65 02/01/96 11165,000.00 130,550.00 0.00 0.00 1,293,350.00 1,295,715.65 1,294,312.50 1.403.15 r 08/01/96 1,210.000.00 86,862.50 0.00 0.00 1,2%,862.50 1,298,265.65 1,294,312.50 3,953.15 02/01/97 1,235,000.00 39,218.75 0.00 0.00 1,2%,218.75 1,290,i71.90 1,294.312.50 3,09.40 08/01/97 1,293.000.00 0.00 0.00 0.00 1,293,000.00 1,296,859.40 1,294,312.50 2,546.90 02/01/98 1,294,000.00 0.00 0.00 O.OD 1,2%,000.00 1,206,546.90 1,294,]12.50 2,234.40 08/01/98 1,294,000.03 0.00 0.00 0.00 1,294,OOD.00 1,296,234.40 1,294,312.50 1,921.90 02/01/99 1,294.000.00 0.00 0.00 MO 1,Z94,000.00 1,295,921.90 1,294,312.50 1,609.40 00/01/99 1,294,000.00 0,00 0.00 0.00 1,294.000.00 1,295,609.40 1,294,312.50 1,296.90 02/01/00 11294,000.00 0.00 0.00 0.00 1,294,000.00 1,293,296.90 1,294,312.50 984.40 08/01/00 1,29<,000.00 0,00 0.00 0.00 1,294,000.00 1,294,984.40 1,294,312.50 671.90 02/01/01 1,294,000.00 0.00 0.00 0.00 1,294,000,CO 1,294,671.90 1,294,312.50 359.40 ,d 08/01/01 40,411,000.00 O.CO 0.00 0.00 40,411,000.00 40,411,359.40 40,411,312.50 46.90 .............. .............. .............. .... --------- .............. 61,086,00D.00 1,328,671.90 0.00 0.00 62,414,671.90 62,414,625.00 "d rote 1: Includes retained portfolio accrued interest ad premlmO. .e pRELiMINARY - SUBJECT TO CHANGE COd :Vv ES 60 b c. �. r 1UM DATE 09/09/92, 0 ,39.11 PAGE vol neVe6ber Incerpere ted Nmlitioal Relmest.t Services Crop Canty Sanitation Olstrfcts of oron9e Canty, Calif. certiffcates of Partici Asti an ur 1990-1992 Merles 0 r OTHER FUND PORTFOLIO SELECTIONS (REPORT 55) MATURITY PURCHASE SETTLE- ACCRUED TOTAL .d CODE TYPE COUPON RATE PAR AMOUNT PRICE PRICE MENT INIEREST PURCHASE ..... ..... ........ ........ ............... ......... ............... ........ ............... ..............'20542 TNOTE 7.00000 01/31/93 1,040,00.00 101.00000 1,050,400.0 10/22/92 16,419.57 1,066,819.57 r 20562 TNOTE 6.97500 07/31/93 1,075,000.00 102.6007 1,103.050.70 10/22/92 16,669.07 1,119,719.05 20582 7XDTE 4.87500 01/31/94 1.115,000.0 101.40025 1,130,679.69 10/22/92 12,259.70 1,142,937.39 20599 TNOTE 4.25000 07/31/94 1,140,000.00 100.34373 1,143,918.75 10/22/92 10,927.58 I,154,846.33 20439 RFIN 0.00000 01/15/95 1,161,000.00 90,64800 1,02,423.28 10122M 0.00 1,052,423.28 r 20455 RFIN 0.00000 07/15/09 1110,000.00 88.22600 1,026,065.38 10/22/92 0.00 1,026,068.38 ZOO TMOTE 7.50000 01/31/96 1,165,000.00 107.95312 1,257,653-91 10/22/92 /9,70.A6 1,277,360.77 20563 TOTE 7.87500 07/31/96 1.210,000.00 109.23437 1,321,735.94 10/22/92 21,491.41 1,343,7Z7.41 20563 TNOTE 6.25000 01/31/97 1.255.000.00 10.31Z50 1,296,371.86 10/22/92 17,691.07 1,314,262.95 20524 RFIN 0.00000 07/15/97 1,293,000.00 76.37000 987,464.IO 10/22/92 0.00 987,464.10 20541 RFIM 0.00000 01/15/98 1,294,00.00 73.43800 950,287.72 10/22/92 0.00 950,787.72 2OS61 RFIN 0.00000 07/15/98 1,294,00.00 70.55300 912,959.62 10/22/92 0.00 912.955.02 20581 RFIN 0.00000 01/15/99 1,294,000.00 67.57500 874,4ZO.50 10/2Z/92 0.00 874,420.5D 235" RFIN 0.00000 07/15/99 1,294,00.00 64.97200 840.737.60 10/22/92 0.0 840,737.68 �131" RFIN 0.0020 01/15/00 1,294,00.00 62.22300 05,165.62 10/22/92 0.00 805,169.62 r 23500 RFIM 0.00000 07/15/0 1,294,000.00 59.72200 772,602.66 10/22/92 0.0 772.02.66 0100 RFIN 0.00000 01/19/01 1,294,000.0 57.03300 738,007.02 10/2Z/92 0.0 738,007.02 23501 ZERO 0.00000 02/15/01 40,411,00.0 57.51000 23,240,366.10 10/22/92 0.00 23,240,366.10 ............... ............... ............... ............... r 61,006,00.0 40,504,709.05 115.165.32 40,619,875.17 PRELIMINARY - SUBJECT TO CHANGE e� .04 My 15'So ZE '5J Eu 20M DATE 09/09/92, 09139,14 PAGE I Pain .bbAl tneotpotated Municipal Reinv %Aofl ServIc" GrW Cawcy Sanitation Ohtl'ictM Of 0ran9a Comry, bill. r CeniHtauO OY pact101paTIM 1990-1992 S.H. 8 r PORTEOL10,8LEMED YIELD CALCULATION REPORT (REPORT 10) 2 COMPOMOIN60/YEAA BASE DATE 10/22/92 r PV FACTOR ( MILATIVE DATE AMOUNT AT 6.5371468 PV AMdIMT PRESENT VALUE ........ ............... ............. ............... .............. 10/22/92 -40,619,878.)7 1.00000000000 -40,619,875.17 -40,619,875.17 01/31/93 1,295,306.26 0.99246594111 1,272,S94.28 -39,347,260.89 07/31/0 1,293,906.26 0.9513 MUS 1,230,983.25 -38,116,297.64 01/31/94 1,296,950.13 0.92125774880 1,194,82A.12 -36,921,469.52 07/31/94 1,294.776.00 0.89209084821 1,155,067.29 -35,766,402.23 01/15/95 1,161,000.00 0.06633611489 1'005,816.23 -34,760,S86.00 r 01/3l/95 130,550.00 0.86386286161 112,777.30 -34,647,808.71 07/15/95 1,163,000.00 0.11389ISS4936 975,658.78 -33.672,149.92 07/31/95 130,550.00 0.03652037748 109,207.76 -33,362,942.16 01/31/96 1,295,550.00 0.81004370907 1,049,452.13 -32,513,490.03 07/31/96 1,206,862.50 0.78640406495 1,017,265.25 -31,4%,224.78 01/31/97 1,294,218.75 0.75%7752065 993,039.47 -30,513,165.31 07/15/97 1,293,000.00 0.73764184263 9531770.90 -29,SS9,394.41 r 0//15/98 1,294,000.00 0.71429460345 924,297.22 -28,635,097.19 07/15/98 1,294,000.00 0.69168633208 e%,0@./1 -27,740,OS5.05 01/15/99 1,294,000.00 0.66979363932 1",712.97 -26,873,342.11 07/15/99 1,294,000.00 0.64859387624 W9,280.43 -26,034,061.63 r 01/15/00 1,294,000.00 0.62806511081 012,716.25 -25,221,345.38 07/15/00 1,294,000.00 0.60518610515 736,99Z.82 -24,4K,352.56 01/15/01 1,294,000.00 0.56893629360 762,083.56 -23,672.268.99 r 02/15/01 40,611,000.00 0.58578773366 23,672,260.99 0.00 r d r SUBJECT TO CHANGE PRE4IMINARY R. COUNTY SANITATION DISTRICTS Was. 1, 2, eM 3 of ORANGE COUNTY, CALIFORNIA Certificates of Participation Proposed Seri ae 0 Reful3iM Scenario 3: Veriabla•ta•Fixed Rate Seep Ref:ading of 1986 COPS fund DSRF With Municipal Reserve Surety Policy 09/08/92 O. S O U R C E S e�A N D �vU S E S 0 F F U NcD S eu SOURCES: PAR AMOUNT OF BONDS 105,540,000.00 PROCEEDS FROM SALE OF 1986 DSRF 13,120,173.75 ACCRUED INTEREST 107,723.78 ---------------- TOTAL SOURCES S 119,767,897.53 USES: ESCROW FUND FDA 1986 Core 118,367,933.77 DSRF MUNICIPAL SURETY POLICY 299,662.20 w INSURANCE COST 415,396.76 UNDERM ITER'S DISCOUNT 372,890.00 OTHER ISSUE LOST 200,000.00 ACCRUED INTEREST 107,723.78 BALANCING AMOUNT 4,291.02 rP ___________ TOTAL USES S 119,767,897.53 Net. 'sae' ARBITRAGE BOND YIELD - 5.5135520M DEFEASANCE ESCROW YIELD a 5.114927% V ee re a. COIDITY SANITATION DISTRICTS Mos. 1, 2, ad 3 of ORANGE COUNTY, CALIFORNIA Certificates of Participation Proposed Series 0 Refunding Scererio 3: Variable-to-fiNed Rate Seep Refunding of 1986 COPS Fuld DSRT with Mlnicipal Reserve Surety POUCY DEBT SERVICE REPORT DATE PRINCIPAL C131.11,011 INTEREST ACCRETION TOTAL ........ ................ ....... ................ ................ ................ 08/01/93 5,055,000.00 5.200 4,401,285.78 0.00 9,456,285.78 08/01/94 3,765,000.00 MITI) 5,277,220.00 0.00 9,042,220.00 08/01/95 3,845,000.00 5.2ON 5,081,K0.00 0.00 8,926,440.00 08/01/96 3,995,OOO.OD 5.200 4,881,500.00 0.00 8,876,500.00 O8/01/97 4,020,MIND 5.200 4,673,760.00 0.00 8,693,760.00 0/01/98 4,290,00.00 5.200 4,464,720.00 0.00 8,754,720.00 r 08/01/99 4,555,000.00 5.200 4,241,"0.00 0.00 8,796,640.00 08/01/00 4,815,000.00 5.200 4,004,780.00 0.00 8,819,780.00 08/01/01 5,065,000.00 5.200 3,754,400.00 0.00 8,819,400.00 ON/01/02 S,W,000.00 5.200 3,491,020.00 0.00 9,131,020.00 ao 08/01/03 6,065,000.00 5.200 3,197,760.00 0.00 9,262,740.00 08/01/04 6,500,ON0.ON 5.200 2,882,360.00 0.00 9,382,360.00 08/01/05 6,930,000.00 5.200 2,544,360.00 0.00 9,474,360.00 ON/O1/06 7,355,000.00 5.200 2,184,000.00 0.00 9,539,000.D0 03/01/07 7,865,000.00 5.200 1,801,540.00 0.00 9,666,540.00 ev 08/01/08 8,350,000.00 5.200 1,392,560.00 0.00 9,742,560.00 0/01/O9 3,93s,000.00 5.200 958,360.00 0.00 9,893,360.00 08/01/10 9,495,000.00 MIND 493,740.00 0.00 9,9ON,740.00 08/01/11 0.00 5.200 0.00 0.00 0.00 ..... .......... '--'---"'-----"............... ................ 106,540,000.00 59,726,425.78 0.00 166,266,425.A Dated Data: 10/15/92 Delivery Date: 10/22/92 Accrued Interest 107,723.78 J ' s r CQ TY SANITATION DISTRICTS Nos. 1, 2, and 3 of ORANGE COUNTY, CALIFORNIA Certificates of Participation, Joint Facilities Project Proposed Series D Rehaxiin9 - SCENARIO 3 Yield Calculation w Target Vet ue: 3106,M2,327.02 Arbitrage Yield: 5.513852070% PV Sumation of Refunding Bond Debt Service: S106,232,327.02 Debt Service Gross Present Vatue of on Proposed LiMidity Allowable Gros. Allowable Series 1992 Facility Fees Debt Debt Payments at Date Refunding on the Swap Payments Arbitrage Yield 10 22 1992 $74,367.73 S74,367.73 $74,367.73 2 1 1993 S1,631,245.78 S68,318.78 $1,699,564.55 31.674,331.92 5 1 1993 $0.00 168,318.78 568,318.78 $66,395.46 8 1 1993 $7,825,040.00 165,077.26 S7,890,117.M S7,564,430.66 ® 11 1 1993 MOO 965,On.26 165,077.26 161,548.36 2 1 1994 S2,658,610.00 $65,On.26 S2,703,687.26 12,5n,540.45 5 1 1994 M.00 M5,077.26 M5,an.26 $59,897.04 8 1 1994 S6,403,610.00 M2,662.95 M,466,272.95 $5,871,169.44 s 11 1 1994 50.00 $62,662.95 $62,662.95 $56,127.52 2 1 1995 S2,540,720.00 562,662.95 $2,603,382.95 $2.300,369.14 5 1 1995 50.00 S62,662.95 962,662.95 $54,621.64 8 1 1995 16,385,720.00 $60,197.34 S6.445,917.34 $5,542,649.74 11 1 1995 50.00 160,197.34 560,197.34 551,064.63 2 1 1996 S2,440,750.00 S60,197.34 S2,500,947.34 $2,092,867.90 5 1 1996 $0.00 160,197.34 160,197.34 149,694.58 8 1 1996 $6,435,750.00 S57,635.55 $6,493,385.55 55,288,071.95 11 1 1996 $0.00 S57,635.55 S57,635.55 S46,303.21 2 1 1997 S2,336,880.00 S57,635.55 52,394,515.55 $1,897,722.57 5 1 1997 $0.00 $57,635.55 $57,05.55 345,060.91 8 1 1997 M,356,880.00 S55,057.73 16,411,937.73 S4,945,306.95 11 1 1991 0.00 $55,057.n $55,057.n $41,890.61 2 1 1998 $2,232,M0.00 $55,057.73 $2,257,417.n $1,716,875.65 m 5 1 1998 MOO $55,057.73 S55,057.73 $40,7M.70 8 1 1998 $6,522,360.00 S52,306.76 $6,574,666.76 $4,802,368.65 11 1 1998 10.00 $52,3%.76 S52,306.76 137,690.69 2 1 1999 $2,120,820.00 S52,306.76 92,175,126.76 $1,544,741.12 5 1 1999 50.00 $52,306.76 152,306.76 $36,679.46 8 1 1999 16,675,820.00 $49,385.87 $6,725,205.87 $4,652,272.29 11 1 1999 $0.00 S49,385.87 $49,385.87 $33,702.08 2 1 2000 S2,002,390.00 549,385.87 $2,051,775.87 S1,381,269.29 5 1 2000 10.00 $49,385.87 549,385.87 $32,797.87 p 8 1 2000 M,817,390.00 146,298.25 S6,863,688.25 14,496,710.04 11 1 2000 MOO 546,298.25 $46,298.25 $29,922.40 2 1 2001 $1,8n,200.00 s46,298.25 51,923,498.25 $1,226,360.14 5 1 2031 $0.00 146,298.25 546,298.25 $29,119.59 8 1 2001 S6,942,200.00 $43,050.32 $6,985,250.32 $4,334,081.77 '0 11 1 2001 50.00 $43,050.32 143,050.32 526,350.3E 2 1 2002 $1,745,510.03 $43,050.32 S1,788,560.32 11,079,959.86 5 1 2002 50.00 143,050.32 $43,050.32 $25,643.35 8 1 2002 S7,395,510.00 $39,433.67 S7,424,943.67 54,363,008.73 11 1 2002 50.00 S39,433.67 09,433.67 122,858.66 'tl 2 1 2003 si,598,an.00 539,433.67 $1,638,303.67 $9M,863.28 5 1 2003 $0.00 $39,433.67 539,433.67 $22,245.57 8 1 2003 $7,663,870.00 S35,544.49 $7,699,414.49 54,284,n8.84 11 1 2003 50.00 S35,544.49 S35,5L4.49 S19,513.60 r 2 1 20% S1,441,180.00 535,544.49 $1,476,724.49 1799,m.90 5 1 2004 50.00 135,544.49 135,544.49 $18,990.06 8 1 2004 $7,941,180.00 $31,376.36 S7,972,556.M 54,201,903.76 11 1 2004 50.00 $31,376.M 131,376.36 516,313.44 2 1 2005 $1,272,180.03 S31,376.M $1,303,556.36 SW 601.29 5 1 2005 $0.00 131,376.M S31,376.M 515,875.76 8 1 2005 $8,202,180.00 $26,932.50 $8,229,112.50 $4,107,516.29 11 1 2005 50.00 $26,932.50 S26,932.50 $13,261.65 2 1 2006 $1,092,000.00 526,932.50 $1,118,932.50 $543,524.44 5 1 2006 MOO $26,9M.50 S26,932.50 $12,905.84 8 1 2006 58,447,000.00 $22,216.11 58,469,216.H $4,003,568.86 11 1 2006 50.00 $22,216.11 $22,216.11 $10,360.16 2 1 2007 $900,770.00 $22,216.11 $922,986.11 5424,607.98 5 1 2007 S0.00 S22,216.11 $22,216.11 $10,082.20 8 1 2007 58,765,770.00 S17,172.66 68,782,942.68 13,932,076.22 11 1 2007 S0.00 $17,172.68 $17,172.68 S7,584.2a 2 1 2008 sum,280.00 $17,172.66 $713,452.68 S310,839.32 5 1 2008 W.00 S17,172.68 $17,172.68 S7,380.80 8 1 2038 $9,046,280.00 $11,818.24 39,058,098.24 $3,840,578.96 11 1 20M $0.00 S11,818.24 911,818.24 54,%3.18 2 1 2009 $479,180.00 S11,Bta.24 5490,998.24 $202,5%.90 5 1 2009 50.00 $11,818.24 S11,818.24 56,810.56 8 1 2009 $9,414,180.00 56,088.67 $9,420,268.67 $3,782,690.02 11 1 2009 Man $6,088.67 $6,088.67 $2,411.57 2 1 2010 S246,870.00 $6,088.67 S252,958.67 598,849.83 5 1 201D 50.00 56,088.67 $6,088.67 $2,347.16 8 1 2010 59,741,870.00 $0.00 $9,741,870.00 $3,704,738.73 11 1 2010 $0.00 $0.00 $0.00 $0.00 r 2 1 2011 $0.00 $0.00 50.00 S0.00 5 1 2011 W.00 S0.00 $0.00 $0.00 8 1 2011 $0.00 $0.00 50.00 $0.00 sew $166,266,425.78 $2,940,024.21 $169,206,449.98 $106,232,327.02 TARGET VALUE 0ALCULATIONr Per Ampnt of Bootle $106,540,000.00 iy Plus: Accrued Interest $107,723.78 Less: Bard Imurorce 5415,396.76 TARGET VALUE $106,232,327.02 � vv_—a>avvv®..vvvvvvvveevvvvaev...vvvvvevvv®saevvm�_�®v r W r r s coo WV CG:90 26 to "60 New .TE 09/04/92, 09:23,19 Pace 1 / PRineue6Nor Incorporated .- W Mwiclpel Reinvestment Serviceo Group COunty Senitatlan OI*triste of Orange County, Galif. Ccrsi licatea of Particlpetlon Proposed Sella* D Refl ltp uN OTHER.FUND.YORTfOL10 SEL00TIONS (REPORT 55) .MATURITY ... ...:.. PURCHASE ' SETTLE- - ACCRUED 'TOTAR ' w TYPE mum DATE PAR AMOUNT PRICE PRICE MENT INTEREST PURCHASE ..... ........ ........ ... ......... ............... ........ ............... ............... TNOTE 6.87500 07/31/93 2,«a,o00.DO 102.6aW7 2,507,668.75 10/22/92 77,874.92 2,541,503.67 TNOTE 4.25000 07/31/04 2,495,000.00 100.34375 2,503,576.56 10/22/92 23,916.07 2,527,492.63 FINITE 8.87500 07/15/95 2,"11,000.00 111.03125 2,734,699.69 10/22/92 54,605.80 2,793,505.49 TMOTE 7.87500 07/31/96 99,545,000.00 109.23437 108,737,358.59 10/22/92 1,768,073.39 110.505.431.98 ............... --------------- ....------..... .........------ 106,%3,000.00 116,479,303.59 1,886,630.18 118,367,933.77 W s m PRELIMINARY - SUBJECT TO CHANGE s r m r t < .• csau zo -•O OO r - .r TE 09/04/92, OB)23:19 PAW 1 PeineueE6er Incorpareeea N-icipal Reim moment Services Croup Loopy Smitatim Dl StriCt9 Of Orange COmry. COW. CertiflCateS Of PartiGlpatlm q Proposed Series D Refunding OTNES FUND PORTFOLIO CASNFLW SCMEpOLE (REPORT 53) r PORTFOLIO PORTFOLIO RETAINED TOTAL TOTAL s )RAN PRINCIPAL muro1 FLOAT Off FLOWS PERIM AVAILABLE LESS: ENDING )ATE RETIREMENT EARNINGS EARNINGS (NOTE 1) IN(OIE N/PREY BALANCE 00LIGATIONS BALANCE ...... .............. .............. .............. .............. .............. .............. .............. .............. .01/0 0.00 4,165,776.76 0.00 0.00 4,165,773.76 4,165,773.76 4,085,150.00 80,623.76 '01/93 2,440,000.00 4,165,773.76 0.00 O.OD 6,605,775.76 6,656,397.52 6,685,150.00 1,247.52 '01/94 0.00 4,091,8913.76 0.00 0.00 4,051,898.76 4,0E3,146.28 3,929,190.00 153,996.28 '01194 2,495,000.00 4,081,8911.76 0.00 9.00 6,576,8911.76 6,730,695.04 6,729,150.00 1,745.04 r WAS 4.00 4,028,880.01 0.00 0.00 4,028,880.01 4,030,625.05 3,761,150.00' 269,475.05 01/95 2,463,000.00 4,D28,880.01 0.00 0.00 6,491,8110.01 6,761,355.06 6,761.150.001 205.06 01/% 0.00 3,919,504.38 0.00 0.00 3,919.584.38 3,919,789.44 3,581,150.00 338,639.0 01/96 99,545.000.00 3,919,586.3E 0.00 0.00 103,464,584.38 103,803,223.82 103.T99.150.00 4,073.82 01/97 0.00 0.00 0.00 0.00 0.00 4,073.82 0.00 4,073.8E 01/97 0.00 0.00 0.00 0.00 0.00 4,073.8E 0.0 4,073.82 01/98 0.00 0.00 0.00 0.00 0.00 4,o73.az 0.00 4,an.82 O1/98 0.00 0.00 0.00 0.00 0.00 4,o73.52 0.00 4,075.82 31/99 0.00 0.00 0.00 0.00 0.00 4,073.82 0.00 4,073.82 �/31/99 O.Do 0.00 0.00 0.00 0.00 4,013.82 0.00 1,073.82 31/00 0.00 0.00 0.00 0.00 0.00 4,073.82 0.00 4,073.9E r )1/00 0.00 0.00 0.00 0.00 0.00 4,073.82 0.00 4,073.82 )1/01 0.00 0.00 0.00 0.00 0.00 4,073.82 0.00 4,073.92 21101 0.00 0.00 0.00 0.00 0.00 4,o73.82 0.00 4,073.82 .............. .............. .............. .............. .............. -------------- V 106,943.000.00 32,392,273.82 0.00 0.00 139.315,273.82 139.331,200.00 Includes retained portfolio Accrued Interest and premiums. ad r b PRELIMINARY - SUBJECT TO CHANGE TE 09/04/92, 00a23t21 PACE 1 PaineWebber IncorporelM Naniclpat Relm#stxnt Services Greve COUrty S8niteti on District$ Of Orange County, Calif. Cart111COtea e/ Perk Cipalion ' Prepeae6 Series D RafuMina Aes PORTFOLIO BLENDED YIELD CALCULATION REPORT (REPORT 10) 2 COPPOUNDINGS/YEAR BASE DATE 10/22/92 ' A� PV FACTOR CUMULATIVE DATE AMQNIT AT 5.1149273 PV AMOUNT PRESENT VALUE ........ ............... ............. ............... ............... 10/22/92 - 110,367,933.77 1.00000000000 - 118,367,933.77 - 118,367,933.77 01/15/93 109,295.63 0.98842306057 108,030.32 - 118,259,903.45 01/31/93 4,OS6,478.13 0.98620681802 4,000,526.39 - 114,250,37T.06 07/15/93 -109,295.43 0.96377486911 10513M.m - 1141154,"0." - Fr 07/31/93 6,496,478.13 0.96161389274 6,247,103.62 - 107,906,937.05 01/15/94 109,295.63 0.93974132675 102,709.62 - 107,804,227.43 01/31/94 3,972,603.13 0.9376342380 3,724,848.71 - 104,079,378.72 07/15/94 109,295.63 0.91630710605 100,148.36 - 103,979,230.36 07i31/94 6.467.603.13 0.91425256192 5,913,022.73 -98,066,207.63 WAS/" 109,295.63 0.89345726180 97,650.97 -97,968,556.66 01/31/95 3,919,584.38 0.89145395160 3,494,123.98 -94,474,427.67 n 07/15/95 2,572,295.63 0.87117722148 2,240,925.36 -92,233,502.31 07/31/95 3,919,584.38 0.66922366759 3,406,996.29 -88,826,5m.02 01/31/96 3,919,584.38 0.64754813261 3,322,036.42 -85,504,469.60 ,r 07/31/96 103,464,584.38 0.92"1292292 95,504,469.60 0.00 c! eo' w PRELIMINARY - SUBJECT TO CHANGE 4 r 1� COMITY SANITATION DISTRICTS Mos. 1, 2, arel 3 of w4 ORANGE COUNTY, CALIFORNIA Certificates of Participation Proposed Series D Refueling Scenario 3A: Variable-to-Fixed Rate Swap Refueling of Series 1986 art! B CUPs Fuel DSRF with Municipal Reserve Swety Policy MW 09/09/92 r S OURCES�AND USES of FU NcDS w SOURCES: PAR AMOUNT OF BONDS 139,720,ODO.00 PROCEEDS FROM SALE OF 1986 DSRF 13,120,173.75 yy SERIES B DEBT SERVICE RESERVE FUND 7,985,875.00 ACCRUED INTEREST 143,989.22 ................ TOTAL SOURCES S 160,970,037.97 s USES: ESCROW FOR 1986 A B COPS 158,987,808.94 DSRF MUNICIPAL SURETY POLICY 521,O41.95 INSURANCE COST 575,158.57 UNDERIBN ITER'S 01SCONMT 489,020.00 OTHER ISSUE COST 250,OD0.00 ACCRUED INTEREST 1a3,989.22 SAMCING ANDUNT 3,019.29 ................ TOTAL USES S 160,970,037.97 e✓ " Notes AR BITRAGE ROND YIELD a 5.612AA9578S DEFEASANCE ESCROW YIELD - 5.6011131258% r d r =NTY WITATI0N DISTRICTS New. 1, 2, and 3 of ORANGE CGIINTY, CALIFORNIA Certificates of Participation Proposed Series D Refuidim Scenario 3A: Variable-to-Fixed Rate Swep Refunding of Series 1986 a:d 6 COPS Fu DSRF with Municipal Reserve Surety POIICy DEBT SERVICE REPORT •w/ DATE PRINCIPAL CWPON INTEREST ACCRETION TOTAL ........ ................ ....... ................ ................ ................ 08/01/93 5,740,000.00 5.300 5,882,988.22 0.00 11,622,988.22 y 08/01/% 3,865,000.00 5.300 7,100,940.00 0.00 10,965,940.00 08/01/95 3,945,000.00 5.300 6,8%,095.00 0.00 10,841,095.00 09/01/96 4,110,000.03 5.300 6,687,010.00 0.00 10,797,010.00 O8/01/97 4,150,000.00 5.300 6,469,180.00 0.00 10,619,180.00 08/01/98 4,430,000.00 5.300 6,249,230.00 0.00 10,679,230.00 e✓ 08/01/99 4,710,000.00 5.300 6,014,440.00 0.00 10,724,440.00 0/01/00 4,980,000.00 5.300 5,764,810.00 0.00 10,744,810.00 08/01/01 5,250,000.00 5.300 5,500,870.00 O.DO 10,750,870.00 OB/01/O2 5,835,000.00 5.300 5,222,620.00 O.DD 11,057,620.00 r, 08/01/03 6,275,000.00 5.300 4,913,365.00 0.00 11,188,365.00 08/01/04 6,745,000.09 5.300 4,580,790.00 0.00 11,325,790.00 08/01/05 7,190,000.00 5.300 4,223,305.00 0.00 11,413,305.00 08/01/06 7,635,030.00 5.300 3,842,05.00 0.00 11,477,235.00 08/01/07 8,170,000.00 5.300 3,437,580.00 0.00 11,607,580.OD r 08/01/08 14,085,000.00 5.300 3,004,570.00 0.00 17,089,570.00 O8/01/09 15,000,000.00 5.300 2,258,065.00 MO 17,258,065.00 DB/D1/10 15,905,000.00 5.30D 1,463,065.00 0.00 17,368,065.00 08/01/11 4,980,000.00 5.30D 620,100.00 0.00 5,600,100.00 O8/01/12 6,720,000.00 5.30D 356,160.00 0.00 7,076,160.00 DS/01/13 0.00 5.300 0.00 0.00 0.00 ................ ---------------- ---------------- ....____-_-----. 139,720,000.00 90,487,418.22 0.00 230,207,418.22 Dated Date: 10/15/92 cot ivory, Date: 10/22/92 Accrued Interest: 143,989.22 ar r r r r we, r ✓ use/ r COUNTY SANITATION DISTRICTS Nos. 1, 2, and 3 of ORANGE COUNTY, CALIFORNIA r7� Certificates of Participation, Joint Facilities Project Proposed Series D Refunding - SCENARIO 3 Yield Catcutation Target Va We: 5139,288,830.65 Arbitrage Yield: 5.612449578% PV Stmoation of RefuMing Bond Debt Service: $139,288,83D.65 d ........... ...................................................... Debt Service Gross Present Value of on Proposed LiWidity AlloNable Grose Allocable Series 1992 Facility Fees Debt Debt Pannents at Dote Refunding on the SNBp Pavnents Arbitrage Yield er ................................................................................ 10 22 1992 $97,556.53 $97,556.53 597,556.53 2 1 1993 $2,180,408.22 $89,639.11 52,270,047.33 52,235,nS.13 5 1 1993 ".00 $89,639.11 $89,639.11 587,071.73 8 1 1993 $9,442,580.00 $85,956.54 $9,528,536.54 $9,128,430.56 11 1 1993 50.00 $85,956.54 $85,956.54 581,215.54 2 1 1994 53,550,470.00 585,956.54 $3,636,426.54 $3,388,639.12 5 1 1994 $0.00 585,956.54 585,956.54 $78,998.66 8 1 1994 $7,415,470.00 $83,476.90 $7,498,946.90 56,797,220.65 r 11 1 1994 $0.00 583,476.90 $0,476.90 574,625.58 2 1 1995 53,448,047.50 $83,476.90 $3,531,524.40 53,113,679.37 5 1 1995 $0.00 183,476.90 583,476.90 $72,588.58 8 1 1995 57,393,047.50 580,945.94 57,473,993.44 56,409,807.38 11 1 1995 50.00 580,945.94 100,945.94 $68,466.42 b 2 1 1996 $3,343,505.00 $80,945.94 $3,424,450.94 s2,856,694.53 5 1 1996 ".Do 580,945.94 580,945.% 566,597.55 8 1 1996 57,453,505.00 578,309.12 $7,531,814.12 56,111,573.47 11 1 1996 50.00 $78,309.12 578,309.12 562,669.A8 2 1 1997 $3,234.5%.00 $78,309.12 $3,312,899.12 52,614,822.68 5 1 1997 $0.00 578,309.12 578,309.12 560,958.84 v�y� B 1 1997 57,364,590.00 575,646.63 57,460,236.63 55,727,528.04 11 1 199T 50.00 $75,646.63 575,646.63 $57,278.88 2 1 1998 $3,124,615.00 575,646.63 53,200,261.63 $2,389,905.31 5 1 1998 $0.00 575,646.63 $75,646.63 555,715.38 8 1 1998 $7,554,615.00 $72,804.51 $7,627,419.51 55,540,557.05 11 1 1998 $0.00 572,804.51 S72,SO4.51 $52,158.42 2 1 1999 $3,007,220.00 572,804.51 53,080,024.51 $2,176,258.90 w 5 1 1999 50.00 $72,804.51 52,804.51 550,734.69 8 1 1999 $7,717,220.00 $69,782.75 57,787,002.75 $5,351,891.54 11 1 1999 50.00 569,782.75 569,782.75 567,301.55 2 1 2030 $2,882,405.00 $69,782.75 $2,952,187.75 $1,973,610.91 5 1 2030 $0.00 569,782.75 569,782.75 546,010.39 se, 8 1 2000 $7,862,405.00 566,587.T7 $7,928,992.T7 $5,156,038.77 11 1 2000 $0.00 $66,587.77 W,587.77 S2,705.41 2 1 2001 52,750,435.00 $66,587.T7 s2,817,022.77 $1,781,641.62 5 1 2001 $0.00 $66,587.TT f66,587.77 541,539.72 8 1 2001 $8,000,435.00 563,219.57 58,063,654.57 $4,961,251.51 ass 11 1 2001 50.00 563,219.57 $63,219.57 538,761.99 2 1 2002 $2,611,310.00 $63,219.57 52,674,529.57 51,600,616.62 5 1 2002 $0.00 563,219.57 563,219.57 $37,314.85 8 1 2002 58,466,310.00 559,476.05 58,505,786.05 54,951,479.22 r 11 1 2002 50.00 559,476.05 559,476.05 954,147.03 2 1 2003 $2,456.682.50 559,476.05 52,516,158.55 $1,424,751.42 5 1 2003 50.00 559,476.05 559,476.05 $33,214.94 8 1 2003 $8,731,682.50 $55,450.25 58,787,132.75 54,839,816.22 11 1 2003 ".Do 555,450.25 $55,450.25 $30,121.42 ++ 2 1 2004 $2,290,395.00 555,450.25 S2,Y.5,845.25 51,256,786.86 5 1 20M ".Do $55,450.25 $55,450.25 529,299.2E 8 1 2004 $9,035,395.00 551,122.91 59,086,517.91 $4,735,222.D3 11 1 20M $0.00 551,122.91 951,122.91 526,225.36 2 1 2005 52,111,652.50 $51,122.91 52,162,T75.41 $1,096,313.78 ass 5 1 2005 $0.00 $51,122.91 $51.122.91 525,558.14 8 1 2005 19,301,652.50 $46,510.07 $9,348,162.57 54,609,250.3E 11 1 2005 50.00 $46,510.01 $46,510.07 $22,617.33 2 1 20D6 51,921,117.50 546,510.07 51,967,627.57 $943,686.03 os, 5 1 20M 50.00 566,510.07 V.6,510.07 521,999.% 8 1 2006 59,556,117.50 541,611.74 59,597,729.24 $4,477,480.56 11 1 20D6 50.00 K1,611.74 541,611,74 519,145.71 r r 2 1 2007 $1,718,790.00 541,611.74 $1,760,401.74 5798,835.94 5 1 2007 50.00 $41,611.74 $41,611.74 $18,623.10 8 1 2007 S9,88B,790.00 536,370.18 $9,925,160.18 54,380,905.81 11 1 2G07 50.00 $36,370.18 S36,370.18 $15,832.96 2 1 2000 S1,502,285.00 S36,370.18 S1,538,655.18 5660,614.78 5 1 2008 $0.00 $36,370.18 S36,370.18 $15,400.78 8 1 20M $15,587,285.00 $27,333.77 $15,614,618.77 $6,521,071.38', 11 1 2008 $0.00 S27,333.77 $27,333.77 $11,258.42 2 1 20M $1,129,032.50 S27,333.77 91,156,366.27 5469,746.52 5 1 2009 $0.00 927,333.77 S27,333.77 S10,951.11 8 1 2009 $16,129,032.50 $17,710.33 $16,146,742.83 $6,380,190.92 r 11 1 2009 $0.00 $17,710.33 $17,710.33 S6,901.85 2 1 2010 $731,532.50 $17,710.33 $749,242.83 S287,973.11 5 1 2010 50.00 $17.710.33 917,710.33 $6,713.46 8 1 2010 $16,636,532.50 $7,506.28 $16.644,038.78 $6,222,553.54 11 1 2010 50.00 $7,506.28 S7,506.28 S2,767.74 r 2 1 2011 $310,050.00 $7,506.28 S317,556.28 $115,481.18 5 1 2011 $0.00 $7,506.28 $7,506.28 52,692.19 8 1 2011 S5,290,050.00 54,311.30 S5,294,361.30 $1,872,771.00 11 1 2011 $0.00 56,311.30 54,311.30 51,504.08 r 2 1 2012 $178,080.00 K,311.30 $162,391.30 $62,756.08 5 1 2012 $0.00 54,311.30 54,311.30 S1,461.02 8 1 2012 $6,898,080.00 $0.00 56,898,OB0.00 S2,308,662.79 11 1 2012 $0.00 50.00 SO.GO $0.00 2 1 2013 50.00 50.00 50.00 S0.00 r 5 1 2013 S0.00 SO.00 50.00 50.00 8 1 2013 SO.00 $0.00 50.00 50.00 ................................................................................ $230,207,418.22 S4,373,365.29 $234,S80,M.52 $139,288,00.65 ✓ TARGET VALUE CALCULATION: Par Ammnt of Bonds S139,720,G00.00 Plus: Accrued Interest 5143,989.22 Less: Bond lnsurarce $575,158.57 TARGET VALUE $139,288,830.65 a r r r r r b�✓ r 1 ( 1 ( 1 t t ( l ( 1 l t [ t [ 1 C (` PaineWebber Inmrporated Municipal Reimestmenl Services Group County Sanimbon Dislach of Orange County,Cablomia SERIES 1986 ISN-1992 SERIES 8 COMBINED PRESENT FDATES CASHFLOW CASHFLOW CASHFLOW PERIODS VALUE 10 22 9y ' - (116,387,933.77) (4o5m.875.17) (158,987.800.94) 0,00000 (156.987,805.94) 1 15 93 109.295.63 0.00 109.295.63 0A6111 107.910.71 YIELD =5.60531256 1 31 93 4,056,478.13 1,295,306.26 5,351,784.39 0.55000 5.270.996.63 7 15 93 109295.63 0.00 109.295.63 1.46t 11 104,96726 7 31 93 6,496,478.13 1,293,906.26 7.790.384.39 1,55000 7.463.496.67 1 15 94 109,295.63 0.00 109.295.63 2.46111 102.104.10 1 31 94 - 3,972,603,13 1.296.953.13 5,269,556.26 2.55000 4,910,738.73 7 15 94 109.295.63 0.00 109,29563 3.46111 99.319.04 7 31 94 6.467.603.13 1,294,775.00 7,762,370.13 3.55000 7,036,503.45 I 15 - 95 109.295.63 1.161.000.00 1270.295.63 4.46111 t,122,655.46 1 31 95 3.919.684.33 130.550.00 4,050,134.38 4.55000 3,571,255.07 7 15 95 2,572,295.63 1.163.000.00 3,735,296.53 5.46111 3,211,658.07 7 31 95 3,919,554.38 130.560.00 4,050,134.38 5.55000 3,473,843.06 1 31 96 3.919.584.36 1,295,550.00 5,215,134.38 8.55000 4,351,065.23 7 31 - 96 103,464,554.36 1,296.86250 104,761,445.08 7.55000 85,019,901.75 1 31 97 1,294,21a.75 1,294,218.75 8.55000 1,021,683.62 7 15 97 1,293,000.00 %m,000.00 9.46111 995,323.39 1 15 98 1294.000.00 1,294,000.00 10.46111 965,923.05 7 15 96 1,294,000.00 1.294.000.00 11.48111 942,494.05 1 15 99 1,294,000.00 1294,000.00 12.46111 916.755.914 7 15 99 1,294,000.00 1,204,000.00 13.48111 891,779.06 1 /5 100 1,294,000.00 1.294.000.00 14.46111 967,454.28 7 15 100 1,294,000.00 1294,000.00 15.46111 543,793.01 1 15 101 1.294.000.00 1,294,000.00 15.46111 820,T77.14 2 15 101 40,411,000.00 40,411,000X0 16.62778 25,514.601,67 2 15 101 (40.411.000.00) (40,411,000.00) 16.62778 (25,514.601.67) 5 1 101 40,411,000.00 40,411,000.00 17.55000 24,572,090.13 PRELIMINARY - SUBJECT TO CHANGE r UN DATE 09/04/92, 00:33:19 PACE I / Fai near Incorporated �/✓ Nuni ct pal ael rn rveea tnmt Services Group County Sanitati an Districts of Orange County, Calif. �. CertifieattS of Participation Proposed Series 0 Reftndin, r UINIk IUND PUNIIMID UV11KOU SCHEDULE DEPORT 53) r. PORTFOLIO PORTFOLIO RETAINED TOTAL TOTAL GRAN PRINCIPAL CAPON FLOAT WTFLONS PERIOD AVAILABLE LESSt ENDING DATE RETIREMENT EARNINGS BAN]NOS (NOTE 1) INCONE WPREV BALANCE OBLIGATIONS "LARGE ........ .............. .............. .............. .............. .............. .............. .............. .............. ✓ 02/01/93 0.00 4,165,773.76 0.00 0.00 4,165,773.76 4,165,773.76 4,085,150.00 80,623.76 D8/01/93 2,440,000.00 4,165,773.76 0.00 0.00 6,605,773.76 6,686.397.52 6,685,150.00 1,247.52 02/O1/% 0.00 4,081,898.76 0.00 0.00 4,081,898.76 4,083.146.28 3,929.150.00 153,996.26 ✓ 08/01/94 2,40,000.00 4,081,898.76 0.00 0.00 6,576.898.76 6,730,895.04 6,729,150.00 1,745.04 02/01/95 0.00 4,028,880.01 0-00 0.00 4,Oi8,880.01 4,030,625.05 3,761,150.00 269,475.05 08/01/95 2,461,000.00 4,028,800.01 0.00 0.00 6,491,880.01 6,761,355.06 6,761,150.00 205.06 02/01/96 0.00 3,919,564.38 U.00 0.00 3,919,584.38 3,919,789.44 3,581,150.00 338,639.C4 ✓ DB/01/96 Wt545,000.00 3,919,584.38 0.00 0.00 103,464,584.38 103,803,223.82 103,799.150.00 4,073.82 02tOl1W 0.00 0.00 0.00 0.00 0.00 4.073.82 0.00 4,073.82 0/01/97 0.00 0.00 0.00 0.00 0.00 4,073.92 0.00 4,073.82 r 021011" 0.00 0.00 0.00 0.00 0.00 4,073.82 0.00 4,o75.02 08/01/98 0.99 0.00 0.00 0.00 O.00 4,073.82 0.00 4,073.82 02/01/99 0.00 0.00 0.00 0.00 0.00 4,073.82 0.00 4.073.82 08/01/W 0.00 0.00 0.00 0.00 0.00 4,073.82 0.00 4,073.82 02/01/00 0.00 0.aO 0.00 0.00 oleo 4,0775.82 0.00 4,073.82 0/01/00 -9.00 0.00 0.00 0.00 0,00 4,073.B2 0.00 4,073.82 02/01/01 0.00 0.00 0.00 0.00 0.00 4,073.82 0.00 4,073.82 08/01/01 0,00 0.00 0.00 oleo 0.00 4,073.aZ 0.00 4,073.02 r .............. .............. .............. .............. .-------...... .............. 106,943,000.00 32,392,273.92 0.00 0.00 139,339,273.82 139,331,200.00 ✓ Ste 1; Includes retained portfollo accrued intereet eras premiuu. r PRELIMINARY SUBJECT TO CHANGE r ✓ r (UN DATE 09/04/92, 08:23:19 PALE 1 / Pai,WebbM Imorporate6 Nunici9at Relm stwnt Sarvina Group County SAM uti 0n Districts of Or". C.,,, Wit. Certificates of Partfaipatfan P,WsW Serfes 0 Refl ln9 sa OTHER FUND PORTFOLIO SELECTIONS (REPORT 55) w HATURITY PURCHASE SETTLE ACCRUED TOTAL CODE TYPE COUPON DATE PAR AMOUNT PRICE PRICE PENT INTEREST PURCHASE ..... ..... ........ ........ ............... --------------- ............... ............... 205M TOTE 6.87500 07/31/93 2,440,000.00 102.60937 2,503,663.75 10/2Z/92 37,834.92 2,541,503.67 20599 TOTE 4.25000 07/31/94 2,495,000.00 100.34375 2,503,576.S6 IOVZZ192 Z3,916.07 2,527,492.63 20455 TOTE 8.87500 07/13/95 2,463,000.00 111.03125 2,734,699.69 10/22/92 311,805.80 2,793,505.49 2050 TOTE 7.87500 07/31/% 99,545,000.00 109.23W 108,T37,358.59 10/22/92 1,768,073.39 110,505,431.98 ............... --------------- --------------- ............... 106,943,000.00 f16,4?9,303.39 1,810,630.18 118,767,933.77 r✓ PRELIMINARY SUBJECT TO CHANGE r Ar r r UN DATE 09/04/92, 08:23:21 PACE I w/ Paln¢uebber Incerp9re[e0 MvnicipAL Relnveat.t Servi DAA Group County Sanitation 012trlcta of Oren9e COWty, Calif. C9ttifieatR. Pf Particip9ti9A Vr.MR" 3*tI.$ C RC1v 1, , r PORTFOLIO BLENDED YIELD c6LNLAT TON REPORT (REPORT 10) 2 CNPOUNDINGS/YEAR BASE DATE 10/22/92 r PV FACTOR C LATIVE DATE AMOUNT AT 5.114927% PV ARMY PRESENT VALE ........ ............... ............. ............... ............... r 10/22/92 - 118,367,931.77 1.00000000000 - 118,367,933.T/ - 118,367,973.77 01/15/93 109,295.63 0.98842306057 108.030,32 - 118,259,903.45 O1/31/93 4,056,478.13 0.98680681802 4,000,926.39 - 114,259,3A.06 07/15/93 109,295.63 0.96377486911 105,336.38 - 114,154,040.66 07/31/93 6,496,478.13 0.96161389274 6,247,103.62 107,906,937.05 01/15/94 109,295.63 0.93974132673 102,709.62 - 107,804,R7.43 O1/3l/% 3,972,603.13 0.93763423840 3,724,648.71 - 104,079,378.72 07/15/94 109.295.63 0.91630710605 100,148.36 - 103,979,230.36 07/31/94 6,467,603.13 0.91425256192 5.913,022.73 -98,066,207.63 01/15/95 109,295.63 0.8930726180 97.650.97 -97,968,556.66 s 01/31/95 3,919,584.38 0.89145395160 3,494,128.98 -94,474,427.67 ` ' 07/15/95 2,572,295.63 0.87117722168 2,240,925.36 -92,233,502.31 �Nt,Y 07/31/95 3,919,5%.38 0.8692238689 3,606,996.29 -0,826,506.02 O1/31/96 3,919,584.38 0.84754813261 3,322,036.42 -53,504.469.60 07/31/96 103,464 584.35 0.82641292292 $5,504,469.60 0.00 r r PRELIMINARY SUBJECT TOCHANGE r r s Ass r 4UR DATE 09/09192, 09:39:12 PAGE 1 A� PaInalleMer Incorooreted Xwlcipal Reinvestment Services Croup County Sanitatlm Districts of Gran. Canty, Calif. 's, Certificates of PArtieipselon 1990.1992 series B r OTHER FUND Pg1TfOl10 CA8NFLOY SCHEDULE (REPORT 53) PORTFOLIO PORTFOLIO RETAINED TOTAL TOTAL DRAW PRINCIPAL COUPON FLOAT OUTFLOW$ PERIOD AVAILABLE LESS: ENDING UAIE RETIRENEXT EARNINGS EARNINGS (NOTE 1) iNCOHE W/PREV BALANCE OBLIWTIONS BALANCE ........ .............. .............. .............. .............. .............. .............. .............. .............. 02/01/93 1,%0,000.00 255,306.26 0.00 0.00 1,295,306.26 1,295,306.26 1,294,312.50 993.76 00/01/93 11075,000.00 218,906.26 0.00 0.00 1.293,906.26 1,294,900.02 1,294,312.50 587.52 02/01/94 1.115,000.00 181,953.13 0.00 0.00 1,296,953.13 1,297,540.6E 1,294,312.50 3,278.15 i� 08/01/% 1,1L0,000.00 154,m.00 0100 0.00 1,294,775.001 1,7911,Ml,15 1,294,322.50 3,6".65 nr/nt/1n yAI.999,99 179,720.90 U.UU U.W 1,61,5511.111) 1,HS,24U.65 1,214.312.90 9l6.IS 08/0119S 1,163,000.00 130,550.00 0.00 0.00 1,293,550.00 1,294,478.15 1,294,312.50 165.65 02/01/96 11165,000.00 130,550.00 0.00 0.00 1,M,550.00 1,295,]15.65 1,294,312.50 1.403.15 r 08/01/% 1,210.000.00 36,862.50 0.00 CAD 1,296,862.50 1,298,265.65 1,2%,312.50 3,953.15 02/01/97 1,255.000.00 39,218.75 O.GO 0.00 1.294,216.75 1,2%,171.90 1,294,312.50 3,859.40 08/O1/97 1,293,000.00 0.00 0.00 0.00 1,293.000.00 1,296,859.40 1,294,312.50 2,5AC.90 s 02/01/% 1,2%,000.00 0.00 0.00 0.00 1,294,000.00 1,296,546.90 1,204.312.30 2,234.40 05/01/911 1,294,000.00 0.00 0.00 0.00 1,2916,000.00 1,2%,234.40 1,294,312.59 - 1,921.90 02/01/99 3,294,000.00 0.00 0.00 0.00 1,296,000.00 1,295,921.90 1,294,312.50 7,609.40 06/01/99 1,294,000.00 0100 0.00 0.00 1,294,000.00 1.295,609.40 1,2%,312.50 1,296.90 r 02/01/00 1,294.000.00 0.00 0.00 0.00 1,294,000.00 1,293,2%.90 1,294,312.50 986.40 Comm 1,294,000.00 0.00 D.00 0.00 1,294,000.00 1,294,984.40 1,2%,312.50 671.90 02/01/01 1,294,000.00 0.00 0.00 D.00 1,294,000.00 1,294,671.90 1,294,312.50 359.AO r 08/01/01 40,411,000.00 0.00 0.00 0.00 <O,Gi t,000.00 40,411,359.40 40,411,312.50 46.90 .............. .............. .............. .............. .............. .............. 61,086,000.00 1,328,671.90 0.00 0.00 62,414,671.90 62,414,625.00 rr late I: InclSges retalned portfollo accrued Interest anal premiums. r r FREL�M�NARY - SUBJECT TO CHANGE iUN DATE 09/09/92, 09:39:11 PAM 1 _`� Pai Mle66er Incorporated Ibmietpat Rel w teem Ser ieea Orae, County Sanitatiat 018trfets 9f Orenpe Canty, Calif. w Cf7tiffcates of Perticipetlm 1990-1998 Series S OTHER FOND PORTFOLIO SELECTIONS (REPORT 55) aNe MATURITY PURCHASE SETTLE- ACCRUED TOTAL CODE TYPE COUPOHN DATE PAR AMOUNT PRICE PRICE PONT INTEREST RRCMSE ..... ..... ........ ........ ............... ........• ............... ........ ............... ............... .20542 INDITE 7.00000 01/31/93 1,0<0,000.00 101.0000D 1,050,4M.00 10/22/9Z 16.419.57 1,066,819.57 'd 20562 INCITE 6.87500 07/3IJ93 1,075,000.00 102.60937 1,193,030.78 10/22/92 16,669.07 1,119,719.85 20562 THOTE 4.87500 DIM/" 1,115,000.00 101.40625 1,130,679.69 10/ZZ/92 12,259.70 1,142,M.39 205N TNOTE 4.25000 07/31/94 1,140,000.00 100.34375 1,143,918.73 10/22/92 10,927.58 1,154,846.33 20439 AFIN 0.00000 01/15/95 1,161,000400 90.64"0 1.052.423.28 10/2Z/92 0.00 1.052,423.28 20455 RFIN D.M0o0 07/15/95 1,163,000.00 88.22600 1,026,068.38 10/22/92 0.00 1,026,068.38 20043 TNOTE 7.50000 01/31/96 1,165,000.00 107.95312 11257,653.91 10/22/92 19,706.86 1.277,360.77 20563 TNOTE 7.87500 07/31/96 1,210,000.00 109.23437 1,321.735.94 10/22/92 21,491.47 1,343,ZZ7.41 Z0503 TNDTE 6.25000 01/31/97 1,255,000.00 103.31250 1,296,371.88 10/22/92 17,697.07 1,314,262.95 205Z4 RFIN 0.00000 07/15/97 1,293,000.00 76.37000 987,464.10 10/22/92 0.00 "1"464.10 20541 RFIN 0.00=0 01/15/98 1,20<,000.00 73.43800 %O,287.72 10/22/92 0.09 930,287.n 20561 RFIN O.W000 07/15/98 1,2%,000.00 70.55W 91Z,955.82 10/22/92 0.00 912.955.82 20581 AM 0.00000 01/15/99 1,294,000.00 67.57500 874,420.50 tD/ZZ/92 0.00 874,420.50 235" RFIN 0.000M 07/15/99 1,294,000.00 66.97200 8401737.68 10/22/92 0.00 840,737.68 23199 RFIN 0.00000 01/15/00 1,294,000.00 62.22300 805,165.62 102Z/92 0.00 805,165.62 r MOO RFIN 0.00000 07/15/00 1,294,000.00 59.72200 772,802.68 10/22/9Z 0.00 M.8102.68 BITO RFIN 0.00000 01/15/01 1,294,OOD.00 57.03300 738,007.02 10/22/92 0.00 YM.007.02 8501 ZERO 0.00000 02/15/01 40,417,000.00 57.51000 23,240,366.10 10/22/92 O.OD 23,240,11".10 ............... ......--------- ............... .----.--.-....- er 61,006,000.00 40,5041709.85 115,165.32 40.619,875.17 r r PRELIMINARY - SUBJECT TO CHANGE r r IUN DATE 09/09/92, 09:39:14 PAGE 1 PainsVeD6ar Incorporated Nvnicfpa( Ralnvos"nt Servl Ces GrvAP Cew,ty Soniud9n Districts of Oran9s Canty, CAM. +' Cerei llestas of psrtlelpall on 1990-1992 Series 8 r PORTFOLIO 8LEu0ED'YIELD GICVLIT fON gE001R (REPoRT 10) 2 COMPCUNDINdE/YUR EASE DATE 10/22/92 r PV FACTOR CUMULATIVE OATS AMOUNT AT 6.53714 TV AMOUNT PRESENT VALUE ........ ............... ............. ............... ............... r 10/22/92 -40,619,875.17 1.00000000000 -40,619,875.17 -40,619,875.17 01/31/93 1,295,306.26 0.9824659411t 1,272,5%.28 -39,347,280.89 07/31/93 1,293,906.26 0.95136972285 1,230,983.25 -38,116,297.64 r 01/31/94 1,296,933.13 0.92129774658 1,1%,828.12 -36,921,469.52 07/31/% 1,294,775.00 0.89209886621 1.155,067.29 -35,766,402.23 01/15/95 1,161,000.00 0.86633611489 1,005,816.23 -34,76(1,586.00 01/31/95 130,350.00 0.86396286161 112,777.30 -34,647,808.71 07/15/95 1,163,000.00 0.85891554936 973,658.78 .33.672.149.92 07/31/95 130,550.00 0.836920577A8 109,207.76 -33,562,%2.16 01/31/96 1,295,SSD.00 0.81004370907 1,a49,452.13 -32,513,490.03 r 07/31/96 1,296,062.50 0.?"404116495 1,017.265.23 -31,4%,224.78 01/31/97 1,294,218.75 0.75957752065 983,039.47 -30,513,165.31 07/15/97 1,293,000.00 0.73764184263 953.770.90 -29,5S9,394.41 01/15/98 1,294,000.00 0.7142MO345 924,297.22 -28,635,097.19 'r 07/15/98 1,294,000.00 0.69168633208 895,%2.11 .27,740,055.08 01/15/99 1,294,000.00 0.66979363932 866,712.97 26,873,342.11 07/13/99 1,294,000.00 0.64859387624 939,210." -26,034,061.63 r 01/15/00 1,294,000.00 0.62806511061 612,716.25 -25,221,345.38 07/15/00 1,294,000.00 0.60815610515 786,992.82 .26,434,352.S6 01/15/01 1,294,000.00 0.58893629560 762,083.56 -23,672.260.99 02/1S/01 40,411,000.00 0.585T6775566 23,672,268.99 0.00 r r r r pFiE41MINAFIY SUBJECT TO.CHANGE MNITY SANITATION DISTRICTS Nos. 1, 2, and 3 of ORANGE COUNTY, CALIFORNIA Certificates of Participation Joint Facilities Pr0l cot / Outstanding 19M COPS to be Refunded r."a,/ DEBT SERVICE REPORT DATE PRINCIPAL COUPON INTEREST ACCRETION TOTAL d ........ ................ ....... ................ ................ ................ 08/01/93 2,600,000.00 12.000 8,170,300.00 0.00 10,770,300.00 08/01/94 2,800,000.00 12.000 7,858,300.00 0.00 10,658,300.00 O8/01/95 3,000,000.00 12.000 7,522,300.00 0.00 10,522,300.00 08/01/96 3,300,000.00 12.000 7,162,300.00 0.00 10,462,300.00 08/01/97 3,500,000.00 7.100 6,766,300.00 0.00 10,266,300.00 08/01/% 3,800,000.D0 7.100 6,517,900.00 0.00 10,317,800.00 O8/01/99 4,100,000.D0 7.100 6,248,D00.00 0.00 10,348,000.00 O8/01/00 4,400,000.D0 7.100 5,956,900.00 0.00 10,356,900.00 ,..+ 08/01/01 4,700,000.D0 7.100 5,644,500.00 0.00 10,344,500.00 08/01/D2 5,100,000.00 7.100 5,310,800.00 0.00 10,410,800.00 08/01/03 5,500,000.D0 7.100 4,948,700.00 0.00 10,448,700.00 OS/01/04 6,000,000.00 7.100 4,558,200.00 0.00 10,558,200.00 08/01/05 6,500,000.D0 7.100 4,132,200.00 0.00 10,632,200.00 O8/01106 7,000,000.00 7.100 3,670,700.00 0.00 10,670,700.00 0/01107 7,600,000.00 7.100 3,173,700.00 0.00 10,773,700.00 08/01/08 8,200,000.00 7.100 2,634,100.00 0.00 10,834,100.00 08/01/09 8,900,000.00 7.100 2,051,900.00 0.00 10,951,900.00 08/01/10 9,600,000.00 7.100 1,420,000.00 0.00 11,020,000.00 08/01/11 10,400,000.DD 7.100 738,400.00 MO 11,138,400.00 ________________ ................ _..........____. ................ 107,000,000.00 94,485,400.00 0.00 201,485,400.00 d Dated Date: 08/01/92 Delivery Date: 05/01/92 accrued Interest: 0.00 sa COUNTY SANITATION DISTRICTS Nos. 1, 2, and 3 of ORANGE COUNTY, CALIFORNIA Certificates of Participation Joint Facilities Project Outacaldirg 1956 COPS to I:, RefuMed DEFEASANCE REQUIREMENTS REPORT m SONGS REDEMPTIDN PREMIUM DATE PRINCIPAL INTEREST REDEEMED PRICE PAID TOTAL ........ ................ ................ ................ ....... ................ ................ 02/01/93 4,085,150.00 4,085,150.00 08/01/93 2,600,000.O0 4,085,150.00 6,685,150.00 ® 02/01/94 3,929,150.00 3,929,150.00 08/01/94 2,800,000.00 3,929,150.00 6,729,150.00 02/01/95 3,761,150.00 3,761,150.00 08/01/95 3,DDO,000.00 3,761,150.00 6,761,150.OD 02/01/96 3,581,150.00 3,581,150.00 08/01/% 3,300,000.00 3,581,150.00 95,300,000.00 C.) 1,618,000.00 103,799,150.00 11,700,000.00 30,713,200.00 95,300,000.00 1,618,000.00 139,331,200.00 te) NOTE: The redetpticn price is calculated for each subsequent caturity based on the varying call Prices established by the optionei redeepticn previsions on the 1986 certificates. has/ ae �� COUNTY SANITATION DISTRICTS OF ORANGE COUNTY, CALIFORNIA Certificates of Participation 1990-1992 Seri ea B ..a Outstanding Debt t0 be Refunded DEBT SERVICE REPORT .. .. .... DATE PRINCIPAL COUPON INTEREST ACCRETION TOTAL .... ............ ....... ................ ................ ................ 08/01/93 0.00 0.000 2,588,625.00 0.00 2,588,625.00 08/01/% 0.00 0.000 2,588,625.00 0.00 2,588,625.00 08/01/95 0.00 0.000 2,588,625.00 0.00 2,588,625.00 s 08/01/96 0.00 O.00D 2,588,625.00 0.00 2,588,625.00 08/01/91 0.00 0.000 2,588,625.00 0.00 2,588,625.00 0B/01/98 0.00 D.MD 2,588,625.00 0.00 2,588,625.00 08/01/99 0.00 0.00D 2,588,625.00 0.00 2,588,625.00 03/01/00 0.00 0.000 2,588,625.00 0.00 2,588,625.00 -� 08/01/01 0.00 0.000 2,50,625.00 0.00 2,588,625.00 06/01/02 O.OD 0.000 2,588,625.OD O.OD 2,588,625.00 08/01/03 0.00 0.003 2,588,625.00 0.00 2,588,625.00 08/01/04 0.00 0.000 2,S88,625.00 0.00 2,588,625.00 r 08/01/05 0.00 0.000 2,568,625.00 O.OD 2,588,625.00 08/01/06 0.00 0.ODO 2,588,625.00 0.00 2,588,625.00 08/01/07 0.00 0.000 2,588,625.00 0.00 2,588,625.00 08/01/08 5,395,000.00 6.750 2,588,625.00 0.00 7,983,625.00 08/01/09 5,760,000.00 6.750 2,224,462.50 0.00 7,984,462.50 08/01/10 6,145,000.00 6.750 1,835,662.50 0.00 7,980,662.50 D8/01/11 6,565,ODO.aD 6.750 1,420,875.00 0.00 7,985,875.00 B8/01/12 7,005,000.00 6.750 977,737.50 0.00 7,982,737.50 08/O1/13 7,4BO,OD0.00 6.750 504,900.00 0.00 7,984,900.00 38,350,000.00 48,381,637.50 D.00 86,731,637.50 Dated Date: 09/01/92 Delivery Date: 06/01/92 �/ Accrued Interest: 0.00 COUNTY SANITATION DISTRICTS OF ORANGE COUNTY, CALIFORNIA Certificates of Participation 1990-1992 Series 8 Outstardin9 Debt to be Refueled y/ OEfEASANCE REQUIREMENTS REPORT — BONDS REDEMPTION PREMIUM DATE PRINCIPAL INTEREST REDEEMED PRICE PAID TOTAL ........ .............. ..... ................ ------- ................ ................ 02/01/93 1,294,312.50 1,294,312.50 08/01/93 0.00 1,2%,312.50 1,294,312.50 02/01/94 1,294,312.50 1,294,312.50 O8/01/94 0.00 1,294,312.50 1,294,312.50 02/01/95 1,2%,312.50 1,294,312.50 08/01/95 0.00 1,294,312.50 1,294,312.50 02/01/96 1,294,312.50 1,2%,312.50 .. 08/01/96 0.00 1,294,312.50 1,294,312.50 02/01/97 1,294,312.50 1,294,312.50 08/01/97 0.00 1,2%,312.5D 1,294,312.50 02/01/98 1,294,312.50 1,294,312.50 08/01/98 0.00 1,294,31?.50 1,2%,312.50 — 02/01/99 1,294,312.50 1,294,312.50 OB/01/99 0.00 1,294,312.50 1,2%,312.50 02/01/00 1,294,312.50 1,2%,312.50 08/01/00 0.00 1,294,312.50 1,2%,312.50 02/01/01 1,M 312.50 1,294,312.50 08/01/01 0.00 1,2 ,312.50 38,350,000.00 102.000 767,000.00 40,411,312.50 ________________ ________________ ________________ ....___......... ................ 0.00 23,297,625.00 38,350,000.00 767,000.U0 62,414,625.00 a , 4 f V ,t 1 C l v RE: AGENDA ITEM NO. 12 COUNTY SANITATION DISTRICTS September 28, 1992 of ORANGE COUNTY, CALIFORNIA 109A4 ELLIS AVENUE VO 90%9,27 FCNNTAIN VALLEY,CALRORNIA 9 2 72 8-812 7 OtA1962-Ban REPORT OF THE FISCAL POLICY COMMITTEE Meeting Date: September 28. 1992 FISCAL POLICY COMMITTEE: OTHERS PRESENT: Charles E. Puckett, Chairman Steve Coma, Merrill Lynch Don Griffin Mark Paris, Merrill Lynch John Gullixson Melissa Waters, Merrill Lynch Evelyn Hart John Shaw, General Counsel's Office Iry Pickier Peer Swan STAFF PRESENT: James Wahner Grace Winchell Gary G. Streed, Director of Finance Tom Dawes, Director of Engineering ABSENT: Ed Hodges, Assistant Director of Maintenance Patti Gorczyca, Financial Manager James V. Evans At the September 23, 1992, combined meeting of the Executive and Fiscal Policy Committees, staff presented their periodic report of interest payments and receipts for the 1990-92 Capital Improvement Program COP issues. Following the report, the Directors discussed the desirability and potential of reversing the 3-year SWAP related to 1991 Series B issue, and a special meeting of the Fiscal Policy Committee was called for Monday, September 28, 1992, to consider the matter. The Committee reviewed the terms of the 3-year SWAP which provide for the Districts to make monthly interest payments based upon the J. J. Kenny High Grade floating rate (shown in columns G and H of the tan schedule), in exchange for quarterly receipts from Merrill Lynch based upon a fixed rate of 5.56%. Performance to date has resulted in profits of $3,084,848 as of September 22, and has exceeded the original expectations of the financing team. The enclosed Potential Earnings Summary (gray) for the last nine months compares the potential earnings from remaining in the SWAP to those from a reversal. For the past two months, the reversal potential (column G) has exceeded the potential of remaining in the existing SWAP (column E), assuming the average J. J. Kenny rates will hold for the future. Report of the Fiscal Policy Committee Page 2 September 28, 1992 The financing team and the Committee reviewed and discussed the enclosed presentation booklet and the decision points and alternatives regarding a potential reversal SWAP. The consensus of the Committee was that the Districts could reasonably expect short-term interest rates to continue their overall decline for a few more weeks, and the existing SWAP should be maintained for that period. Committee Action The Committee directed staff to negotiate a reversal SWAP at such time as staff and the financing team consultants thought it appropriate; and to obtain concurrence from the Fiscal Policy Committee Chairman and the Joint Chairman prior to executing the reversal. In the event the Chairmen do not concur with the reverse SWAP proposal, the proposal will be reconsidered by the Directors. The recommended Board action is to ratify the Committee's direction to reverse the SWAP. GGS:lc REF:WPDOCS\FPC.MTG\RFPC9.28 uSDOC SUMMARY OF 3 YEAR SWAP ANALYSES A B C D E F G H SWAP PAYMENTS ACCRUED CSDOC POTENTIAL POTENTIAL AVERAGE ANALYSIS MADE BY SWAP PAYMENTS NET PROFIT PROFITASSUMING PROFIT CURRENT J.J. KENNY DATE CSDOC TO CSDOC TO DATE AVG. JJK to DATE ASSUMING JJ. KENNY M/07/91 TO D-B+ Inc.Column D CURRENT-UK PRESENT 0121/92 (3,230,023.16 4,274,09031 1,044,067.15 4,252,16855 8395,235.76 2.49% 4.21% OV28,/92 (3,230,023.16 4341,738.67 1,111,715.51 4399349.23 7,230,837.09 2.98% 4.17% OZ/04/92 (3,230,023.16 4381,63237 1,151,609.21 4,492,411.43 8,025,818.0.5 2.64% 4.14% 02/11/92 (3,230,023.16 4,446,072.23 1,216,049.07 4,614,187.12 8,246,67953 255% 4.10% 02/1892 (3,484375.82 4,766,790.27 1,282,414.45 4,746,W.00 7,908,089.77 2.70% 4.06% 02/25/92 (3,484375.82 4,829,946%7 1345,571.05 4,850,745.29 8332,859.17 252% 4.03% 03/03/92 (3,48529939 4,914,225.75 1,428,92636 4,974,17230 8,862,50656 230% 4.00% 03/IO/92 (3,495,29939 4,995,937.61 1500,638.22 5,107,485.84 7,794.265.84 2.78% 3.96% 03/17/92 (3,711,97657 5,273,959.94 1,562,083.37 5,206,503.75 7,343,663.84 2.98% 3.93% 03/24/92 (3,711876.57 5331,127.04 1,619,250.47 5,277,77752 5,76855554 3.69% 3.91% 03/31/92 (3,711876.57 5355835.23 1,643,958.66 5,289,244.46 6,415,969.16 339% 3.9D% 04/07/92 (3,711876-57 5,404,23231 1,692355.74 5350312.54 6,445,509.18 338% 3.88% 04/14/92 (4,007,60336 5,74857051 1,740,967.15 5389,095.20 6,062,261.69 356% 3.87% 04/21/92 (4,007,60336 5,795,694.6.5 1,788,081.29 5,404,446.96 5,654,284.78 3.74% 3.87% 0428M (4,007,60336 5836596.02 1=992.66 5,409,022.06 5366.402.66 3S9% 387% 05/05/92 (4,007,60336 5874,29852 1,866,695.16 5,414898.43 5,%4,025.13 3.61% 3.87% 05/12/92 (4,007,60336 5886,78139 1,979,178.23 5395,52558 6,232,751.13 3.47% 3.87% 05/19/92 (43218,958.97 6,296,032.10 1,957,073.13 5,462,27557 6,188,205.0/ 351% 3.86% 052692 (4338,958.97 6341,862.68 2,002,903.71 5,496,551.45 6595,74751 3.32% 3.85% 06, L (4338,958.97 6,W,581.07 2,046,622.10 5,5n%4.07 7,05535859 3.09% 3.95% 04109/92 (4338,958.97 6,429,299.46 2,090,W.49 5,559,647.19 7,939,752.96 2.65% 3.83% 06/16/92 (4,661,636.06 6816,20230 2,154566.24 5,631,065.36 8,148530.24 255% 3.81% 0623/92 (4,661,636.06 602567.13 2,220,931.97 5,703829.19 8,118,110.84 2.57% 3.79% 0630/92 (4,661,636.06 6,948,503.99 2,286867.93 5,770514.52 8823598.04 2.21% 3.77% 07/07/92 (4,661,636.06 7,02Z141.03 2,W,504.97 5",281.24 9589,237.27 1.92% 3.74% 07/14/92 (4,893,988.43 7336,47257 2,442,484.14 5,973,210.76 9,081,785.28 2.09% 3.71% 0721/92 (4,893,989.43 7,412,67655 2518,688.12 6,052,186.82 8,65481759 232% 3.69% 0728M (4,893,988.43 7,483,960.71 2589,972.29 6,125,443.67 8,739,435.81 2.28% 3.67% 08104/92 (4,893,998.43 7,538,828.61 2,644840.18 6,200,097.66 8A94,362.08 230% 3.64% 08/1192 (4,893,988.43 7,61054023 2,716551.80 6,271,987S9 8574,731.47 237% 3.62% 08/1892 (5,097,09753 7,883,864.25 2,7K766.72 6323348.71 8593,844.41 237% 3.61% 0825/92 (5,097,09753 7,954,079.91 2856982.38 6-IK94OAl 8,223,95939 257% 3S9% 09/0192 (5,097,09753 8,002,74432 2005,646.79 6,433503.82 7,716360.92 2,95% 3.57% 09/08/92 (5,097,09753 8,064830.89 2,967,733.36 6,475,058.46 7,726415.66 2.95% 356% 09/15/92 (5331,986.27 8359,666.78 3,027,68051 6514,052.18 7507,668.11 2.98% 355% 0922/92 (5331,986.27 8,416,&U.29 3,084,848.02 6549844.19 6,911858.72 333% 334% LJOC l 3 YEAR SWAP ANALYSIS SUMMARY OF REVERSAL ANALYSES A B C D POTENTIAL CURRENT AVERAGE ANALYSIS DATE REVERSAL PROM REVERSAL RATE 3 YEAR FIXED PAYOR 5/161 to PRESENT O7J04/92 2,798,453.23 4.37% 5.23% 02JI1y2 2,674,147.00 4.41% 5.23% O2/1892 2,551,319.52 4.46% 5.22% 02/2592 2,234,773.08 4.58% 522% 030392 2,154,656.68 4.60% 5.19% 03/1092 2,015,772.24 4.66% 5.17% 0311792 1,511,506.21 4.87% 5.16% 032492 1,578,999.22 4.84% 5.14% 0313192 1,849,600.83 4.70% 5.14% 04/0792 2,307,661.75 4.49% 5.12% 04/1492 2,688,224.49 4.31% 5.10% 042192 2,441,426.07 4.42% 5.08% 042892 2,485,124.45 4.39% 5.06% O5/0592 2,656,335.51 4.30% 5.05% O5/1292 2,664,237.92 4.29% 5.05% O5/1992 2,902,140.33 4.15% 5.01% 052692 2,335,258.47 4.42% 5,01% 0610292 2,508,474.80 4.32% 4.98% 06✓0992 2,681,691.12 4.22% 4.98% 06/1692 2,769,727.42 4.17% 4.96% 062392 2,725,148.56 4.18% 4.93% 06/3092 2,89703.66 4.09% 4.90% 0710792 3,278,899.33 3.89% 4.87% 0711492 3,500,904.33 3.74% 4.84% 072192 3,754,981.00 3.59% 4.81% 072892 3,931,347.35 3.53% 4.80% OSN492 3,780,109.75 3.59% 4.80% 0811192 4,099,829.18 3.40% 4.80% 08/1892 4,130,021.19 3.36% 4.79% OW592 4,047,120.53 3.38% 4.79% 09/0192 4,055,298.77 3.31% 4.75% 09/0892 4,558,783.21 3.01% 4.74% 09/1592 4,441,265.90 3.05% 4.72% 092292 4,368,090.40 3.06% 4.69% 1 � 1 CSDOC 3 Year Swap vs. Current Reversal Profits PROFITS FOR THE PERIOD FROM 09/22/92 THROUGH THE TERMINATION DATE OF 05/07/94. A B C D Assumed Present Value Present Value Present Value Reversal J.J. Kennv Avera a Potential Profits @ 4.69% Reversal Profits Difference 1.500010 7,012,511 4,368,090 2,644,421 2.000010 6,140,818 4,368,090 1,772,728 2.500010 5,269,125 4,368,090 901,035 3.00001b 4,397,433 4,368,090 29,342 3.060% (2) 4,368,090 4,368,090 0 3.330% (1) 3,822,115 4,368,090 (545,975 3.500% 3,525,740 4,368,090 (842,351 4.000010 2,654,047 4,368,090 (1,714,044 4.50001b 1,782,354 4,368,090 (2,585,736 5.000910 910,661 4,368,090 (3,457,429 5.500% 38,968 4,368,090 (4,329,122 6.000010 (832,724 4,368,090 (5,200,815 6.50001b (1,704,417 4,368,090 (6,072,508 7.000% 57 110 4,368.090 (6,97 983 (1)Current J.J.Kenny Index (2)Current Reversal Rate 9/24/92 Potential Earnings Summary 3-Year Series 8 SWAP 6 H D € E Sr Potential Potential Additional Additional Potential Analysis Net Profit Total Profit At Total Profit At Profit At Profit At Reversal Date To Date Average JJK Current JJK Avg JJK Curr JJK Profit lincledes BI lird.dee BI ( C - B ( ( D - B 1/14/92 977,060 4,096,135 8,312,737 3,119,075 7,335,677 3,105,739 2/18/92 1,282,414 4,746,364 7,908,090 3,463,950 6,625,676 2,551,320 3117/92 1,562,083 5,206,504 7,343,664 3,644,421 5,781,581 1,511,506 4/14/92 1,740,967 5,389,095 6,062,262 3,648,128 4,321,295 2,688,224 5/19/92 1,957,073 5,462,275 6,188,205 3,505,202 4,231,132 2,902,140 6/16/92 2,154,566 5,631,065 7,148,530 3,476,499 4,993,964 2,769,727 7/14/92 2,442,484 5,973,211 9,081,785 3,530,727 6,639,301 3,500,904 8/18/92 2,786,767 6,323,349 8,583,844 3,536,582 5,797,077 4,130,021 9/22/92 3,084,848 6,549,844 6,911,859 3,464,996 3,827,011 4,368,090 SWAP 1.XLS 12:39 PM l 1 l l t 1 I t 1 ( 1 1 1 t 1 t 1 I t 1 Interest Rate Swap Reversal Information for: c� COUNTY SANITATION DISTRICTS OF ORANGE COUNTY FISCAL POLICY COMMITTEE September 28, 1992 Comity Sanitation Districts of OmnRe County l l l l 1 l l I 1 ` A 1 1 1 1 1 1 1 ( l EXISTING TRANSACTION & RECOMMENDATIONS County Sanitation Districts of Omnze County e [ e [ [ t [ [ e e e e t t e e t e e Summary of 1991 Swap Transaction Bonds Issue Type: Fixed Rate Bonds Amount Swapped: $111,837,000 Average Coupon: 6.75% Interest Rate Swap Swap Term: 3 Years 3 Year Fixed Receivor Swap Rate: 5.56% Floating Index: JJK Effective Rate CSDOC Pays Fixed Rate Bonds: +6.75% CSDOC Receives Fixed Swap Payments: - 5.56% CSDOC Pays Floating Swap Payments*: +3.54% All-in Variable Rate: 3.54% + (6.75% - 5.56%) = 4.73% *J.J. Kenny Average Since Inception of Swap Comity Sanitnlimi Districts of Oron¢e County-1 [ [ e e e t t t t e t t e t [ e e e [ Rationale for Swap Rationale for Series B Interest Rate Swap: . Eliminate Negative Arbitrage . Potentially Lower Cost of Debt . Provide "Hedge" Against Reserves . Create Synthetic Variable Rate Debt to Comply With Rating Agency 50/50-Fixed/Variable Rate Debt Mix County Sanitation Districts of Omn¢e County ' [ [ e [ e e [ e [ e [ [ [ e [ [ [ e [ Merrill Lynch Recommendation as of February 20, 1992 Recommended Course of Action: . Maintain Existing Swap . Be Prepared To Review Reversal Should Net Profit Plus Reversal Value Exceed $4.5 Million CoanN Sani ation Disiricis of Orange County-2 Current Merrill Lynch Recommendation Undated Recommended Course of Action: . Merrill Lynch Remains Confident That Low Interest Rates Will Be Maintained During The Foreseeable Future. . A "50% Reversal" / "50% Maintain Existing Swap" Strategy Provides The Best Mechanism For Hedging Results. County Sanilalial Districts o(Omng County-3 a a a a a a t a a a a a a a a a a a a f DECISION ALTERNATIVES & REVERSAL ANALYSES _ _ County Sani(alion Disfriccs of Ornnae County Decision Alternatives Decision Alternatives: . Allow Swap To Continue To Maturity . Reverse Swap At Some Date Prior To Maturity . Reverse 50% of the Notional Amount of The Swap County Sanitation Disidas of Omnge Coway-4 e e e e e e e e e e e e e e t e e e e Decision Alternatives Allow Swap To Continue Through Maturity: . Results Depend On Future Interest Rates . Has Potential For Largest Profit To Districts . Will Continue Original Goals of Districts County Sanitation Districts of Orange County-5 [ 1 [ l ! [ [ t 1 1 [ l ! [ 1 A ! I 1 Decision Alternatives Reverse Swan: . Depends On Attractiveness Of Current Fixed Rates . Locks In Profit For Districts . Executed When District Feels Maximum Value Has Been Obtained From Swap County Sanitation Disoicis o(Omnke County-6 l Reversal Analysis Interest rate swaps can be reversed at any time. In order to reverse the proposed interest rate swap, CSDOC would execute a new swap which is the exact opposite of the original transaction. Existing Swap ......----------- --------------------------- 5.56% FixedPayment VariablePayment Merrill CSDOC VariablePayment Lynch I I 3.06% Fixed Payment Reverse Swap 2.50% CSDOC Fixed Payment YyenrcW Cowtro Sanitation DisMcts o(OwnPe Coway-7 [ l [ [ 1 [ [ [ [ [ [ [ 1 t Reversal Analysis 3 Year Swap vs. Current Reversal Profits PROFITS FOR THE PERIOD FROM 09/22/92 THROUGH THE TERMINATION DATE OF 05/07/94. A B C D Assumed Present Value Present Value Present Value Reversal J.J. Kennv Avera a Potential Profits 0 4.69% Reversal Profits Difference 1.500% 7,012,511 4,368,090 2,644,421 2000% 6,140,818 4,368,090 1,777,728 2.500010 5,269,125 4,368,090 901,035 3.00001b 4,397,433 4,368,090 29,342 3,060% (2) 4,368,090 4,368,090 0 3.330% (1) 3,822,115 4,368,090 (545,975 3.500010 3,525,740 4,368,090 (842,351 4.00001b 2,654,047 4,368,090 (1,714,044 4.500010 1,782,354 4,368,090 (2,585,736 5.00091b 910,661 4,368,090 (3,457,429 5.50001b 38,968 4,368,090 (4,329,122 6.000010 (832,724 4,368,090 (5,200,815 6.500% (1,704,417 4,368,090 (6,072,508 7.0006/b (2,576,110 4,368,090 6 944 201 (1)Current J.J.Kenny Index (2)Current Reversal Rate Coann,Sanitation Districts of Orange County-8 f l I t I 1 t 1 I I I 1 1 I 1 t l 1 1 Reversal Analysis 3 Year Swap vs.Current Reversal Profit Assuming 50150 Strategy PROFITS FOR THE PERIOD FROM 0922/92 THROUGH THE TERMINATION DATE OF 05/07/94. A B C D E Present Value Present Value Present Value Present Value Reversal Assumed Potential Profits @ 4.69% Potential Profits @ 4.69% Reversal Profits Difference J.J.Kenny Average Based on 100%of Notional Amount Based on 50%of Notional Amount Based on 50%of Notional Amount B—C—D 1.500% 7,012,512 3,506,256 2,184,045 1,322,211 2.000% 6,140,818 3,070,409 2,184,045 886,364 2.500% 5,269,126 2,634,563 2,184,045 450,519 3.000% 4,397,432 2,198,716 2,184,045 14,671 3.060%(2) 4,368,090 2,184,045 2,194,045 -0 3.330%(1) 3,822,116 1,911,058 2,184,045 (272,98 3.500% 3,525,740 1,762,870 2,184,045 (421,17 4.000% 2,654,046 1,327,023 2,194,045 (857,022 4.500% 1,782,354 891,177 2,184,045 (1,292,868 5.000% 910,662 455,331 2,184,045 (1,74714 5.500% 38,%8 19,484 2,194,045 (2,164,561 6.000% (832,724 (416,362) 2,194,045 (2,600,407 6.500% (1,704,418 (852,209) 2,184,045 (3,036,254 7.000% (2,576,110 (1,288,055) 2,184,045 (3,472,100 (1) Current J.J. Kenny Index (2) Current Reversal Rate County Sonitalimi Districts of Orange County-9 I t [ [ l l l STATUS OF CURRENT MARKET County Sanitation Distracts of Orange County f 1 1 l t l 1 l l I f 1 t 1 [ 1 1 1 1 Status of Current Market . Fundamental Aspects - Another Fed Easing Is Possible . Technical Aspects - Largest Visible 30-Day Supply Since 1985 - Treasuries Rich to Tax-Exempt Market . Election Predictions - Effect of Clinton vs. Bush Victory C nNSa((im(ion D's( 'c(s o(Om He Co N-10 Historical Reversal Rates Historical Fixed Payor Reversal Rates 05/07/91 - 09/24/92 6.0. .. . . ......... . -- --.. ............................................. 5.5. m, ..................................................................................... .............................. -4 R5.0.-.-. .. .. ........ .... ....................-...............--.............-.-............... aas.............. ..... ... .. ............. ........................................... t e4.0........ ...... ..... .. ...... .. ..... ............. ... ........................ S 3.5- — I Yew FXP 3.0 ® 2 Year FXP 2.5- MOW........WYN........YVVJ)Yf........63)%Wl........UOM........0"9'1'2'4"/'9'2' Date Cmutly Sanitadmi Di Was of OmWe Cmnly-11 e t e s t e [ [ 6 I ( t d t Historic Interest Rates J.J. Kenny vs. 5.56% Fixed Receivor Rate 05/07/91 - 09/24/92 5.5 5.0 4.5 R a 4.0 t 3.5 e S 3.0 J.J. Kenny Breakeven FXR 2.5 Savings 2.0 1.5 05/ /1 1/1 1 4/92 Date —_ County Sanitation Districts of Orange County-12 [ [ 1 l l l t 1 l 1 1 [ [ 1 A l 1 l 1 Historic Interest Rates J.J. Kenny vs. 30-Day Treasury Bill Rate 05/07/91 - 09/24/92 G.0 5.5 5.0 R 4.s a 4.0 t 3.5 e S 3.0 2.5 30 Day T-Bill Il — J.J. Kenny 2.0 1.5 05/07/91 09/12/91 01/16/92 05/21/92 09/24/92 Date County SantmBot Districts o(Omme County-13 t [ 1 1 [ [ [ [ [ 1 [ [ l H [ 1 [ 1 l Summary of Recent Analyses 4 B B 12 E E 9 B SWAP PAYWNM AC7;alED C.00C PO7 L PO1FNiNL A9 M AWLY9S W9£ DY BWM FAYAEN75 NET PNOPD Ma A WND fl ff f:URE147 J1 I w MM C M RJC>aOC MMM AM " DAW ASSUWND JAI w p MlM ma+ =.0 Wmn M PIESFM 0121I92 (3230A23.16 4274A9031 1A44.067.15 4252,IaM 8395235.76 2.49% 421% 01289E (32M,023.16 4MI,738A7 1,111,7051 439934923 72M,837D9 298% 4.17% MPM (32M.O23.16 4381.MM 11151A0921 4A82A 11A3 8925AI80 2M% 4.14% MAIM (32M.023.16 4A46MM 1216A49D7 4,614.187.1E 8;M,67953 255% 4.10% 02/13M (3,484375M 4,766,7%27 1=,414A5 4,7463MM 7908A89.77 2.70% 4D6% 02259E (3A8437= 4A2994627 1345571➢5 4A50.74529 83MA59.17 252% 4A3% 03)039E (3A8529939 49K225.73 1.42992636 4974,17230 8AW0656 2M% 4M% 03/10)92 pms29939 4985937A1 1500A3822 5,10700M 7.M8 .0A4 2.78% 3M% 0311792 (3,711A7657 5273,959.% 1.562,09337 5206503.75 734346334 2.98% 393% 0/24M (3,711A7657 5331,127A4 IAI92SOA7 52r.7VM 5,763SSS54 3M% 391% 03/31)92 (3,711A7657 S355A3S23 1A03,9MM S2M; 4A6 6,4IS969.16 3M% 390% 04p792 (3,711A7657 5.4N23231 IA92355.74 535031254 6A4530938 338% 3M% 04/1492 (4,007JMM 5,748,57051 1,740967.15 5389A9520 6A62261A9 356% 3A7% 0421r92 (4M740336 5,795A84A5 1,788,D8129 5,404,44 M SA84284.78 3.74% 327% 01289E (4,(107,60336 5AM5%M IA28992A6 5,409A22D6 53MA0 M 3M% 3M% 05UM (4M740336 5,8742985E IAMA95.16 5,4HAM.43 5,964A25.13 3A1% 3M% 05/1 )92 (007,60336 5A86,781M IA79,17823 53955E558 6232,751.13 3A7% 3A7% 05/1992 (4338958.97 6296A32.10 19P O73.13 SA6227557 6,1882OSD7 351% 3M% 05269E (4338958.W 634IA62M 2A02903.71 SA%6SSIA5 6585,74751 3M% 3M% O6A292 (43M.958.97 6385581A7 2M6,622.10 5507944D7 7A55358M 3M% 3A5% 06)0992 (4338958.97 6,4292.".46 2A90340A9 5559447.19 79M.7MM 20% 3M% 061169E (401AMM 6A1620230 2,1545MN SOIA6536 8,IM5M24 255% 3A1% 062L92 (401AMM 6A82567.0 22M931M 5,,MA29.19 8,118.110A4 2S% 3.79% 061309E (4A6IAMM 694850399 22 ,86793 5,7705145E 8A235%M 221% 3.77% 07,8779E (4A61AMM 7A22,141M 2360,5M97 SA6828124 958923727 122% 3.74% 07/1492 (4A93,,MA3 73MM7 2A42A84.14 5973210.76 9MI.76528 2A9% 3.71% 072192 (4A93,,MA3 7A72A7655 2518J688.12 6AS2,I8622 8A54A1759 2M% 3A9% 07289E (4A93,988.43 7,483960.71 2589,9MO 6,25A4347 8,739AMAI 2M% 3A7% O /D492 (4A93,.MA3 7538=41 2,644A40.18 6200AVM 8A943aM 2M% 364% O8/1192 (4A93,988.43 7AIO5SQM 2,716551M 6271987A9 8574,731A7 237% 3M% 081189E (5D97D9753 7A83AM4 2,786,766.7E 6323348.71 8583A44A1 237% 3A1% 08259E (SA97A9753 7954A7991 2A%$8238 6386,940A1 822395939 257% 359% 091019E (5397A9753 8A02.74432 2905,646.79 6A33503M 7,7163609E 2M% 3M% 010819E (SA97A9753 8064AMA9 2,967,73336 6,475A58A6 7,.M.4 UM 2A5% 356% 09/1592 (5331,9M27 835916M.78 3A27AA051 6,514,052.18 750715M.I1 298% 355% 09229E (5331,9NM 8,41643429 3M,848M 6549A44.19 6911AM.M 3M% 35496 Cmmt9 Sanitation Districts of OmnBe Gwnt9-14 l Fiscal Policy Committee Decision Alternatives Fiscal Policy Committee Decision Alternatives: . Allow 100% of the Notional Amount of the Swap to Continue to Maturity . Reverse 100% of the Notional Amount of the Swap At Some Date Prior to Maturity . Reverse 50% of the Notional Amount of the Swap At Some Date Prior to Maturity Courtly Sanitation Disidas of Ownne Counly-IS _ v J COUNTY SANITATION DISTRICTS W ORANGE COUNTY, CAUFORNIA 9 +o ¢us PO, >o wxe127+z> F Wwmvautr.�sz lv n+neezza++ RESOLUTIONS AND SUPPORTING DOCUMENTS OCTOBER 14, 1992 - 7:30 P.M. u u p FUND NO 9199 - JI GIST WORMING CAPITAL PROCESSING DATE 9/03/92 PAGE 1 REPORT NUMBER AP43 CCUNIY SANITATION DISTRICTS OF CRINGE COUNTY CLAIMS FAIR U9/;9/92 POSTING DATE C9/09/92 WARRANT NO. VENDOR AMOUNT DESCRIPTION 124453 ACCU•LAES RESEARCH INC S320..0 LAB SERVICES 124494 ACVANCC CCASTPUCIDPS INC $582.597.00 CONSTRUCTION P1-34-3, P2-35-2 124495 AIR FPCCLCIS A CHEMICAL IN 516.815.C1 OAK AGREEMENT OKY. GEM SYST. M.O.8-9-89 126496 AMLR ASSOC OF LNGTNCCRIN6 SOC $259.50 PUBLICATIONS 124497 AMERICAN CABLING 6 COMO 4254.R1 COMMUNICATIONS SUPPLIES 1254SO RCSCC INC 1/CR APERICAN SCALS 1446.75 HARDWARE 124459 APERICAK IVFE CLLIURI COLLECIN 5100.OU LAB SUPPLIES m 124500 ULANE P AKDLRSCN $I44.98 CELLULAR TELEPHONE SERVICES m 125501 ANIXTEP . DISTRIBUTION $759.25 ELECTRICAL PARTS C 124502 AFCO VALVE S FRIPER CORP $9.69q.68 PITTINGS y 1245Ci A-PLLS SISTEPS 12.55R.72 ADVERTISING 1245L4 AkAIEN SERVICES INC ST.0E0.91 UNIFORM RENTALS 124505 ASSOC. ADNINIS. s C3NSULTAk TS 1765.YC MEDICAL CLAIMS ADMINISTRATOR m224506 AUTO SHOT FOUIPYENT CO SI.II0.1b PARTS WASHER 3 124507 OWN IANCF III 55.122.5L RESIDUALS REMOVAL M.0.10-9-91 1245C8 EMU SAFETI C SLPPLY $708.51 SAFETY SUPPLIES 9i 12450 BANANA BLLEPRINT 1511.29 BLUEPRINTING SERVICES CD 124510 BATTERY SPECIALTIES 1998.04 BATTERIES 1 I24 '_11 BAXTER CIAGNCSTICS INC SIO-241:73 LAB SUPPLIES 221511 J L H TER GE INC $6239 LAB SUPPLIES n 124513 SIC 1ECP OFT. INC $42.92 SERVICE AGREEMENT r 124514 BOLSA RADIATOR SERVICE S211.2B TRUCK REPAIRS r 124515 BOOT BARN 3150.42 REIMBURSABLE SAFETY SHOES ty IS9416 APE NNER•FIEOLEk S ASSOC 1N f199.76 INSTRUMENT SUPPLIES 12g511 dfl CYN C CALC WE II CONSLLI116 ..."s .55 ENGINEERING SERVICES J-19, J-11-1 co 124518 BUILDERS EMPGRIUN 5290.75 HARDWARE A 124519 BURKE ENGINEERING CO $1.069.26 MOTORS 125520 GARY G SIREED 32.398.16 PETTY CASH REIMBURSEMENT L-0 124521 C P 1 5959.9U ELECTRIC PARTS --1 124522 CALTRCL INC $728.27 INSTRIMBNT PARTS Cn 124523 CALILORNIA WATER SERVICE CO $370.O4 83MINAR REGISTRATION 124524 JOHN CARCLLO ENGINEERS 9155.228.31 ENGINEERING SERVICES P1-34, P1-36, P1-20 124525 CEMTLRY SAFETY 1NST C SLFF 51.700.23 SAFETY SUPPLIES 124526 CMEYRCN TIN INC 53024.38 OIL 6 GREASE 124527 CHILICN BOCK CO $177.79 PUBLICATION 124529 CULE-PARMER INSTRUMENT CO 55.180.00 LAB EQUIPMENT 124529 COLICH AND SONS $83.166.30 CONSTRUCTION 7-3E-2 1245.-0 CCPPLiFR HAY $829.68 LAB SUPPLIES 124531 CCPPLEA. IOC. $3.607.01 COMPUTER SOFTWARE/HARDWARE 124532 CCRKELL EP FAPT1 / DIV $60.64 TRUCK PARTS 124533 CONSOLIDATED ELECTRICAL DIST sq.e75.30 ELECTRIC SUPPLIES 124534 CONTINENTAL AIR TOOLS INC 21.205.87 TOOLS 124F35 CCNVEPSE CCKSCLIANTS 0 C $10.104.82 ENGINEERING SERVICES I-9 124536 CCCPEP IOEUSIAIES INC $1Q09.31 COMPUTER PARTS 126537 CCLKTV IOCLESALE ELECTRIC $1.574.34 ELECTRIC SUPPLIES 12,538 CREATIVE SCREEN ARTS $376.78 SAFETY SUPPLIES a >; fJ FUND AC 4199 JT CISl yCgRINE CAPITOL PROCESSING DATE 9/03/92 N6L 2 REPORT NUMBER APO] CCUh7YCLAI SANIIA 91 DISTRICTS OF ORANGE 9/019 CLAIMS PAID S9/J9/92 POSTING PATE 09/U9/92 VARRANI NC. VFkDOR AMOUNT DESCPIPTION 124539 CPFSFY 6 CVERICN INC. 5300.OD VACUUM TRUCK SERVICES 124S46 CHARLES F CRCVLEY CO $84.5R PUMP PARTS 124541 J.V. D-ANGELO CO INC sl.U64.98 PIPE 124542 DANIELS 71PE SERVICE 3657.10 TIRES 124543 DATA STOOP $16.30 COMPUTER SOFTWARE 124l44 BE ARIA CCRFCRAl1OA $3,349.87 EQUIPMENT RENTAL 124545 DIALOG INF GXPATICN SERVICES $39.97 COMPUTER SOFTWARE n 124546 DIATEC ENVIRONMENTAL 35.667.4F CHEMICALS m 124547 DIGITAL ECCIPPERY COMP $2,000.10 OFFICE EQUIPMENT ITT 12454E CCRACC ENTERPRISES INC $13.653.11 PLANT MAINTENANCE 6 REPAIRS Z 124E49 CLAN ECLARDS CCRP 1212.2E PAINT SUPPLIES n 124556 DYNES 32.724.3R PLUMBING SUPPLIES 124551 E.C.S. 5682.09 PUBLICATION 124EE2 EIF COFRPS SVFPLV 3521.46 PLUMBING SUPPLIES -{ 124553 EASTPAN INC 31.454.42 OFFICE SUPPLIES ITT 124554 ISERhARC EOUIFMEAT $52.24 TRUCK PARTS 3 124555 EDUCATIONAL OLVELOPMENT SPEC $8.500.06 ENVIRONMENTAL EDUCATION CONTRIBUTION Ztk 124556 ENCHANTER INC 34.49O.DD OCEAN MONITORING M.O.7-17-91 00 1245E7 FALCCA C13FCI9L SFFVICE 33.38J.GG RESIDUALS REMOVAL H.O.10-9-91 1245'--8 JCFN P FALKENSIEIN FC $3.433.W CONSTRUCTION SERVICES I-9, 1-16 1 124559 FEDERAL EMPRESS CORP $955.00 AIR FREIGHT 124560 FERRELLGAS $178.61 PROPANE a 124561 CNIMVEST INC $83.96 FREIGHT r /24!f2 FILIERLINE CORP 396.33 FILTERS 124563 FILTER sLPr LV CC $1.367.U3 FILTERS d 124564 FMST AMERICAN TITLE INFUYA $435.00 TITLE INSURANCE N 124565 FISCHER A PORTER CO 36.796.f0 CHLORINATION PARTS -A 1245E6 FISHER SCIENTIFIC CO $1.004.49 LAB SUPPLIES 1245E7 FIs0A5 INSTRUrFNTS 3949.38 LAB EQUIPMENT 1245f0 FCRPA SCIERTIFIC. INC. $495.30 LAB SUPPLIES 124569 F CUNJAIR VALLEY CAFFPA 3225..l FILM N 124570 FOY INDUSTRIAL SALES $200.34 JANITORIAL SUPPLIES 124571 THE FOAPCPO CO 31.852.19 INSTRUMENT PARTS 124572 FR12EE PAINT L VALLCOVERING 594.73 PAINT SUPPLIES 124-73 CITY IF FLLLERTCR $5.00 WATER USE 124574 GST. INC. $5.130.12 OFFICE EQUIPMENT 124575 GAk AHL LUMBER CO 3476.54 HARDWARE/LUMBER 124576 GENEPAL IELEPHONE CO $259.09 TELEPHONE SERVICES 124SI7 GLCtl AL CCYPUTrR SUFPLIES $190.69 OFFICE EQUIPMENT 124578 LV GRAINGER INC $506.61 OFFICE SUPPLIES 124579 GRAPHIC OISTRIBUTORS 92,916.82 PHOTO SUPPLIES 124586 DCN EPEE. A ASSOCIATES 315.303.00 SURVEYING SERVICES M.O.6-11-92 124581 DAVIE P. EFIFFIA 93,540.00 LEGAL SERVICES M.0.12-11-91 1245E2 ARIMLR C CUY I11 ASSCC. 32.031.98 PROFESSIONAL SERVICES 124563 HSG TECNNOLCGY $366,996.84 CONSTRUCTION J-23-2, P2-44 124584 HACH COMPANY 312.00 LAB SUPPLIES ri i V: FUND AC 91g9 - Jl 0151 6IHKIK(, CAPITAL PROCESSING DATE 1/03/92 PAGE 3 REPORT NUMBER AF43 COUNTY SANITATION DISTRICTS OF ORANGE COUNTY CLAIMS HAIO 09/09/92 POSTING DATE 09/09/92 NARRAEI NO 9EACCR AMOUNT DESCRIPTION 124585 NAF.RINGTON INDUSTRIAL ILASII $731.50 GAUGE 1245fi6 HAULAWAI CONTAINEMS 69.860.01 TRASH REMOVAL SERVICES 124507 PL FAON CO INC S565.90 FILTERS 1245PS HILTI INC $154.19 CONCRETE 121!E9 HCBARI CCFF 11.831.82 LAB SUPPLIER 124590 RC hCFFPAN AAD/CS ISCC S1.26 Llq LAB SUPPLIES n 124591 NORIBA $5.247.43 ELECTRIC PARTS ITT 126592 J.I. HORVATH L ASSOC. 15.000.00 CONSTRUCTION SERVICES J-23-1, J-27 m 124593 RS HUGFES CC INC $651.63 PAINT SUPPLIES m 124554 NUKTIA CCFFCRAIICK SR2R.119.50 CONSTRUCTION J-19-1 y 124595 CITY OF HUNTINGTON BEACH S23.157..G WATER USE 124596 HUNTING70N PEACH RUBBER SIN S19.40 OFFICE SUPPLIES 124!S7 HUNTINGIOR VALLEY SCHUINA C 1161.36 BICYCLE PARTS m 124598 MYERACOR CCMPANV $716.62 LAB SUPPLIES 3 1245S9 IFPERIAL WEST CHEMICAL S40.180.68 FERRIC CHLORIDE H.O.21-10-90 12q GOT) INUUSTAIAL THREADED PRODUCTS $520.57 CONRECTORS ik 124601 INGRAM PAPER S933.55 JANITORIAL SUPPLIES 00 124612 Ih IEPMOLRIAIN SCIENTIFIC COPF $2.329.47 LAB SUPPLIES 12gf C3 IN 11051471 FATTERV SVSTFMS S821.6! BATTERIES 12g604 GGEAT 6ESIERK SANITARY SUIT S516.96 JANITORIAL SUPPLIES Oa 124605 JAWS CATERING $567.14 DIRECTORS' MEETING EXPENSES f- 124606 JIM•S SUSPENSION SERVICE S25.U0 TRUCK REPAIRS 124607 JCHNSIORE SLFFLY $868.01 ELECTRIC PARTS IN6C8 JCNFS CFIPICILS INC f2.Uq 1.9f CHEMICALS 12g6C5 JCRCIN CCF 1R[lt INC S298.63 INSTRUMENT PARTS Cn 12461N KAhC1ER INSULATICK INC $610.01 INSULATION INSTALLATION 124611 KEENAN L ASSOCIATES $2.475.00 SAFETY SUPPLIES 124612 KING BEARING INC S395.84 MACHINE SUPPLIES 124613 KNCR INDUETRIAL SUFFLICS $2,723.40 ELECTRICAL EQUIPMENT y 124614 MARTIN KCRDICK SR $1,544.70 CONSTRUCTION SERVICES I-9 124615 LAFALS 575.07 MEMBERSHIP FEES 324616 LA CELLULAN ICLEFFONE CO $443.17 CELLULAR TELEPHONE SERVICES 124617 IN MOTTC CHEMICAL PRODUCTS S89.9U CHEMICALS 124618 LANTPCNIK $242.44 OFFICE EQUIPMENT 124619 LAVA PARK EATERPRISE $4.267.96 TRUCK PARTS 124620 LIEPEPI CCRFCPAIIOK $20.130.00 SERVICE AGREEMENT 124621 LINT ICRLUE COFF 65.577.78 INSTRUMENT SUPPLIES 124622 COUNTY SANITATION DISTRICT S450.000.00 COOP AGREE - MONTROSE CHEMICAL 224623 F.RC APPLIED FNVIKOKPCNIAL $933.33 LAB SERVICES 126626 SL'SAK MLRCCII S236.30 CONSULTING SERVICES - ENVIRONMENTAL 124625 RFS $510.79 PHOTO SERVICES 124626 PAIh IENAhCE PROCUCTS INC S2.421.82 MECHANICAL PARTS 124627 MARDIC MOTORS $156.60 TONING SERVICES 124626 MANTEK 1419.24 GROUNDSKEEPING SUPPLIES 124629 MAPVIC CLECTRCNICS 37.78 INSTRUMENT SUPPLIES 12406 MAT! - CFLGP INC S1.456.54 CHLORINATION PARTS ri I FUND NC 9199 Jl GIST LCPKIKG CAPITAL PROCESSING DATE 9/03/92 FAGC R REPORT NUMBER APO3 CCLRIY SANIIATICH DISTRICTS OF CRARGE COUNTY CLAIMS FAIR 09/09/92 POSTING DATE U9/39/92 WARRANT NC. VENDOR AMOUNT DESCRIPTION 124631 MCPAIR IKSTRUNERIS 39950C SERVICE AGREEMENT 1296-2 MICMC Pella 5299.17 INSTRUMENT PARTS 124633 MICROAC.E COMPUTER 12.177.63 LAB SUPPLIES 124634 MICROAGE OF CERRITOS $687.75 COMPUTER SOFTWARE 1206-5 MICRCPICS CGRPOPATICN , 513.39S.05 OFFICE EQUIPMENT 1246-6 PILLIRORICS S3.U95.10 INSTRUMENT SUPPLIES a 120E-1 MISCC 56.875.75 MECHANICAL PARTS 129E30 MITCHELL INTERNATIONAL INC $179.95 PUBLICATION FCI 128639 PONTGONEPY LABORATORIES $10.833.75 LAB SERVICES C 224640 NCTICK TRDUSIRIES INC $1.852.94 MECHANICAL PARTS 124641 CITY OF REWPCRT REACH 528.22 WATER USE n 124642 CCCLFATICSAL WISICR SERVICES S473.01 REIMBURSABLE SAFETY GLASSES 124613 OK SYSTEMS CO 927.867.72 CHLORINE M.0.30-9-91 --i .12R614 CHANGE COUNTY CHEMICAL CO 5659.83 CHEMICALS 3 124645 ORANGE VALVE I FITTING CO. $1,559.97 124646 CPYGER SERVICE $557.95 SPECIALTY CA89E9 4h 124647 CCLRIY SARITATICK CISTRICT $415.26 REIMBURSE WORKERS COMP INSURANCE 00 124648 PACIFIC SAFETY EQUIPMENT CO S245.6t SAFETY SUPPLIES A 124649 PACIFIC BELL $1.067.61 TELEPHONE SERVICES 121E5C - PACTFL PEPIDIAN SYSTEMS $395.68 TELEPHONE SYSTEM MODIFICATIONS y 124651 FEAT PAPLICN FAIR I CC SI0A00.00 AUDITING SERVICES M.O.3-13-91 f— 1246E2 FICKLICF TAPER S474.11 OFFICE SUPPLIES 1— 128653 TICKER PARK S5.662.00 CONSTRUCTION RETENTION 5-30-3 129654 P1TNEY BOWES $133.18 POSTAGE MACHINE LEASE d 12A655 PLAINS IRUEVALUE HARDWARE 141.08 HARDWARE Cn 1206'6 PCLYPETHICS. ITC. 3661.00 EQUIPMENT RENTAL --1 124657 PCLYFURE INC $24.039.98 CATIONIC POLYMER M.O.3-11-92 A 124650 POWER - ONE LINEAR PPODUCT 1186.03 INSTRUMENT PARTS 124659 HAROLD PRIMROSE ICE $518.00 ICE 124660 PPCFESSICRAL TREE CARE $1.903.00 LANDSCAPING SERVICES Cn 124661 THE FRO:ECI SCLUTIONS CO. 52.360.00 INSTRUMENTATION INSPECTION M.O.7-17-91 124612 OUEST TRIERMATICRAL INC $958.75 INSTRUMENT 124663 FMB ENGINEFRIN6/KILLTPONICS $1,113.75 TRANSDUCER 124660 PAINPOW CISPCSAL CC $1.030.69 TRASH REMOVAL 12466S RECYC IRE $46.904.12 RESIDUALS REMOVAL M.0.3-13-91 124666 NEC 61KG SHCES $289.90 REIMBURSABLE SAFETY SHOES 128b67 REMOTE METER RESETTING SVST 15.dO0.Du POSTAGE 12966E MCJUNNIN-REPUBLIC SUPPLY $3,930.67 PLUMBING SUPPLIES 124GES J R PCBEPIS SBl.1J3.17 CONSTRUCTION 3-17 124670 ROYAL TRCCK BCEY $376.71 TRUCK PARTS 120671 ATAR•HERCE $1.786.87 PUMP PARTS 124672 JO SE IN I PVERSCK 6 SCR IN 1646.53 STEEL 124673 SANCON ENGINEERING INC 51.325.60 ENGINEERING SERVICES 124674 SAATA FE IRCUSTPIAL FLASIICS $185.36 PLUMBING SUPPLIES 12961E SCIEACE OFFLICA71CRE IRT-L 5137.693.55 OCEAN MONITORING M.O.6-12-91 124676 SEA COAST DESIERS $27.23 OFFICE SUPPLIES I r v: FURC AS 9191 . JT DIST WCPKIKG CAPITAL I` PPOCESSIKG CATE 9/03/92 PAGE 55 REPORT NUMBER AP43 COUNTY SANITATION DISTRICTS OF ORANGE COU MTV CLAIMS AATD 09/09/92 POSTING DATE 09119/92 YARRANI N0. VEhCCR AMOUNT DESCRIPTION 124677 SEARS ROEBUCK L CO 5947.19 LAB EQUIPMENT 124678 SCAVENTURES /1.125.Jo LAB SERVICES 124679 SECURITY SPECIALISTS 12.149.32 SECURITY SYSTEM PARTS 124EFD SERCCRE 12.095.05 ELECTRIC EQUIPMENT 124691 SHAMPOCK SUFFLY $92.12 SAFETY SUPPLIES 124682 SHfPWOOD MEDICAL CO $1.497.G6 LAB SUPPLIES a 124693 SHURELUCK SALES f2.455.3A TOOLS m 124f94 SIEVERS IASTPIPEKTATICN $255.50 LAB SUPPLIES Z 124E05 SIGMA ChEPICAL CO St.478.55 LAB SUPPLIES 124686 SILVERI L LE MDUEF 553.961.60 CONSTRUCTION 5-34-3 y 124687 SMITH-EMERY CO s200.CD SOIL TESTING M.0.7-17-91 I24682 SPITh FIFE L SLPPLY TIC 9674.99 PLUMBING SUPPLIES 124EP9 SC (CAST AIR CLALITY 1292.50 PERMIT FEES/TRAINING REGISTRATION 1246SC 514.1HNh CALIF LCISCh CC s44.130.42 POWER 3 124691 SC CAL (AS CC f6.8S1.65 NATURAL GAS 124692 SPLCIAL PLASTIC SYSTEMS I111 6542.61 PLUMBING SUPPLIES 41, 124693 SPECIALISED PRODUCTS CO 5290.67 ELECTRIC PARTS 010 124654 SFft TECH INC $190.39 WELDING SUPPLIES 1 124645 SPEW IKELSTRIES IKC 5489.68 LAB SUPPLIES 1246S. BY[RIINf IRl 501.78 OFFICE SUPPLIES a 124691 SUPRIT STEEL s2.404.42 METAL 124698 SUNSET FORD $135.34 TRUCK PARTS 124699 1 P F I C $250.00 PUBLICATION tE! 1211C0 TAYLCR.DLKK PFG COPFANY $303.14 TRUCK PARTS 121701 TAT AT LC BAN[ CC $727.31 SAND C4 1247L2 TECH FCLEF 9825.37 OFFICE SUPPLIES -4 124703 TFLE-CELL. INC $43.05 TELEPHONE PARTS 12.764 THOMPSON INDUSTRIAL SUPPLY $20.53 HARDWARE C7 12410`- TMOPPSOK FLBLISHING 6RCLF 5206.00 PUBLICATION N 12470E TCKY•S LICK E SAFE SERVICE 336.31 INSTRUMBNT PART 124711 TRAVEL If A%EL $3.471.00 TRAVEL SERVICES 129746 TRUCK 6 AUTO SUPPLY INC 51177.54 TRUCK PARTS 124709 J6 TUCKER I SON INC I3Y7.33 INSTRUMENT PARTS 124716 IUSTIN DODGE 95R.02 TRUCK PARTS 124711 TWINING LABORATCAIES OF $5.320.50 SOIL TESTING 124712 BAITED PARCEL SERVICE $740.31 PARCEL SERVICES 124713 UKITEC S14TE£ CIEVATCR LOAF s6R6.0n SERVICE AGREEMENT 124714 VVR SCIENTIFIC 56.79O.2G LAB SUPPLIES 124715 VALID CORPORATION $279.65 FILTER 12471E VALLEY CITIES SL'FFLV CO 18.627.99 PLUMBING SUPPLIES 124737 V601AR AhALTIICAL INSTRUIEKIS 519.918.17 LAB SUPPLIES 124716 WESTERN STATES CFEF.ICAL SUPPLY $34.299.61 CAUSTIC SODA 11.O.8-8-90 124719 WESTIN ENGINEERING 1654.05 ENGINEERING SERVICES 124720 WESTERN INTERNATIONAL $47.80 TRUCK PARTS 124721 VESCC 9643.63 ELECTRIC PARTS 124722 WHITKEY PAChIKERY IKC $701.96 TRUCK PARTS ]o 1 Ct FUND NO 9199 - JT DIST WORKING CAPITAL PROCESSING DATE 9/03192 PAGE 6 REPORT NUMBER AP43 COUNTY SANITATION DISTRICTS OF GRANGE COUNTY CLAIMS PAID C510192 POSTING DATE P9/b9/92 WARRANT NO. VENDOR AMOUNT DESCRIPTION 124723 RCURKE L LOOCPUFF L CR Ab0.256.38 LEGAL SERVICES N.0.2-19-92 124724 PERON CCFF A8088.12 COPIER LEASED 124725 GCCRLE TARULEV CC A256.98 LAB SUPPLIES 124726 IIEBARTH 4 ALPER/C.S. ALPER AB2.234.60 CONSTRUCTION P2-42-1 ----------------- 3- TCIAL CLAIPS FAIL 09/09/92 53.694.071.32 07 - m '-'-°-'--- -`-`- z c7 a SUMMARY AMOUNT 3 It OPER FUND 865.2E 41 CAP FAC FUND $510.00 W 02 OPER FUND $2,092.39 02 CAP FAC FUND $6,600.00 1 03 OPER FUND 824,854.35 03 CAP FAC FUND $3,500.00 a 15 OPER FUND $1,294.26 r 95 CAP FAC FUND $56,624.00 r E6 OPER FUND $26.94 t7 47 OPER FUND $3,790.43 N 47 CAP PAC FUND $83,566.30 011 DOPER FUND $6,963.94 A 114 CAP PAC FUND $8,425.66 0667 OPER FUND $2,638.41 C') 07634 OPER FUND $27.10 N JT OPER FUND $622,250.11 CORP $2,264,469.54 SELF FUNDED INSURANCE FUNDS O491,759.53 JT WIU INO CAPITAL $113,813.00 _______________ $3,694,071.32 a I CT 2 'FUND NO 9199 JT DIST VCRKIKC CAPITAL FROCESSI Ng DATE 9/I0/92 PAGE 1 REPORT NUMBER AF43 COUNTY SANITATION DISTRICTS OF ORANGE COUNTY CLAIMS PAID J9/23/92 POSTING DATE 09/23/92 WARRANT KO. VENDOR AMOUNT DESCRIPTION 124766 AS TECP COMPANY 5119.867.6u 124747 ACAC $131.00 RESIDUALS REMOVAL M.O.10-9-91 123798 ASR ANALYSIS 61.040.00 PUBLICATION 12 . ENGINE OIL ANALYSIS LONG DISTANCE TELEPHONE SERVICES 1247)50 p T A I 53.37267 ACTION RENTALS f1.785.OU EQUIPMENT RENTAL 124751 AIR DUCT CLEANING sB00.J0 AIR DUCT CLEANING 124152 AIR COLC SUFPLY INC 5128.93 p AIR CONDITIONER PARTS 12R753 ALL SIFPLt CC i1.23S.05 VALVE M y 1275 pPiT EK 852.65 INSTRUMENT PA RTSM124155 ANGEL SCIENTIFIC PRODUCTS 649. LAB SUPPLIES t:l 124756 A11KTEN D[STFIbUTION $634.75 COMPUTER PARTS 124757 A-PLLS SYETEYS $1,331.05 NOTICES 6 ADS 124758 ABC LAECRATCATES 5235.0. LAB SERVICES —I 129759 ANATEA SIAVICCS INC 8124.50 UNIFORM RENTALS 3 124768 ARK TECHNOLOGIES 13,000.03 DATA PROCESSING SERVICES 124761 ASSOC. ADMINIS. 8 CONSULTANTS 590.00 COBRA ADMINISTRATION FEES 226712 DENTAL INELRARCE CONSULT. S911.00 DENTAL INSURANCE CONSULTANTS 00 129763 APSA $350.00 TRAINING REGISTRATION 124764 AUTG SMCF EQUIPMENT CC 11.118.18 AUTO SHOP EQUIPMENT 124765 BC INDUSTRIAL SUPPLY INC S479.02 SAFETY SUPPLIES y 126766 BKK LANDFILL $7.117.83 RESIDUALS REMOVAL M.O.10-9-91 C— 124767 RAW SAFETY C SUPPLY $1.253.13 SAFETY SUPPLIES T— 12676E BAKAKA BLIEPRIKI $5.770.08 BLUEPRINTING SERVICES t7 124769 b BATEPAR 1603.30 DEFERRED COMP DISTRIBUTION 129770 BATTERY SPECIALTIES 1334.65 BATTERIES (n 124771 BANTER DIAGNOSTICS INC $7.127.27 LAB SUPPLIES —1 124712 PCOEPT BETA VILLIAP FRCS? sle.615.11 ENGINEERING SERVICES 5-33 A 124773 BELL SECLPITV $960.45 SECURITY SERVICES f7 124714 SIC SAFETY $541.57 LAB SUPPLIES --1 124775 BCEPRIhSER PAKNNCIM $700.83 LAB SUPPLIES CA 124776 BRENRER•FIEDLER 1 ASSOC IN S420.66 LAB SUPPLIES 129771 BUDGET JANITORIAL $1.650.00 JANITORIAL SERVICES 124778 OUTLIER.$ EPPORIUM 134.46 HARDWARE/LUMBER 124779 GARY S STREEC $3,594.33 PETTY CASH REIMBURSEMENT 12472J CEFA 5595.00 LAB SUPPLIES 1247b1 C N 1 5116.50 ELECTRIC REPAIRS 1247b2 SUMMIT SOLUTIONS. INC $3.723.93 MAINTENANCE AGREEMENT 1247B3 CS COMPANY 59.152.73 INSTRUMENT PARTS 1247B4 CABLETPCK SYSTEMS $242.43 INSTRUMENT PARTS 1287E5 CAL-FAC CKMICAL CO INC 5197.19 CHEMICALS 174786 CALTROL INC $338.36 INSTRUMENT SUPPLIES 124787 JOHN R CALAPAICC PHD 119.475.4L OCEAN MONITORING M.O.11-10-90 12478R CRLIFCPAII ALTO CCLLISION INC 51.639.78 TRUCK PARTS 124789 CALIFCPNIA AUICPAITC CATE 1010.32 SERVICE AGREEMENT / A2A 180 CALIFCNKIA SUPRESSICN SYSTEM $589.00 SERVICE AGREEMENT 126711 CASI •RUSCO $1.891.03 SECURITY SUPPLIES to I 177 N FORD NC 9199 - JT GIST 1CPNIAE CAPITAL PROCESSING DITE 9/I4/92 PAGE 2 REPORT NUMBER AP43 COUNTY SAGITATION DISTRICTS OF ORANGE COUNTY CLAIMS PAID 09/23/92 POSTING DATE 09/23/92 WARRANT MC. VERSON AMOUNT DESCRIPTION 124792 CE RIGHT SAFETY INST A SUPP $2.791.67 SAFETY SUPPLIES 124793 CITT OFFICE FURNITUPE INC 21.390.98 OFFICE FURNITURE 129799 COLICH ARC SCNS 11.153.9411.90 CONSTRUCTION I-9 124795 CCPPLADC $2,194.94 OFFICE EQUIPMENT 126756 COMPLIER BAY $142.23 LAB SUPPLIES I29797 COMPUTER PRODUCTS PLUS 1166.47 OFFICE SUPPLIES a 126796 COMPUSA. INC. $712.13 COMPUTER HARDWARE/SOFTWARE CI 126799 CGP.PLSERVC 521.78 COMPUTER SERVICES TT7 124000 CGKSCLICAIEC ELECTRICAL UIST $5,153.12 ELECTRICAL SUPPLIES m 124811 CCKTIKEKTAL AIR TOILS INC 3183.24 TOOLS a 129b02 CONTINENTAL CHEMICAL CO $4.848.75 CHLORINE M.O.9-9-91 126803 CONVERSC CONSULTANTS A C 13.153.26 ENGINEERING SERVICES 126804 COSTA MESA AUTC SLPFLV 9473.56 TRUCK PARTS -i 126R0S CCSTAP S99.112 LAB SUPPLIES Ili 1298C6 CCUKIV LSCLESALE ELECTRIC $576.61 ELECTRIC SUPPLIES 3 129807 CPLMICAL FROCESSCRS AND/OR 51.963.T0 CHEMICALS 4L 1268O6 CURTIN MATHESON SCIENTIFIC $219.21 LAB SUPPLIES 00 126809 CA DEFT OF HEALTH SERVICES $3.954.20 LAB CERTIFICATION FEES 324810 STATE WATER RESOLPCCS CON7PCL S42.95 UNDERGROUND STORAGE TANKS FEES - PLT 1 121P11 STATE WATIM RESCLRCES CCRIPCL 932.79 UNDERGROUND STORAGE TANKS FEES - PLT 2 n 129l12 CARTELS TIRE SERVICE $836.77 TIRES P- 124813 DE ARIA CORPCRATIOR $150.u0 EQUIPMENT RENTALS P- 124814 BE ARIA BAYSIDE VILLAGE $3.199.87 REFUND USER FEE OVERPAYMENT C 129815 DIlTEC ENVIRONMENTAL $1.830.57 CHEMICALS 12Al 16 CIFILIPPO ASSECI ATES $62.43 PRINTING v1 124817 DIGITAL EGLIFPEAT CORP 1673.9E - OFFICE EQUIPMENT --1 126818 DIONER CCPP. $7.004.88 SERVICE AGREEMENT 126619 DORADO ENTERFRISES INC 51.000.03 PLANT MAINTENANCE 6 REPAIRS 124P20 DREKELPROCK ERGR 9609.67 INSTRUMENT PARTS --1 124821 BURN ECAARES CCRF $2.149.IA PAINT SUPPLIES E(/1 124822 111. INSTFLPERIS IRE 146.79 INSTRUMENT SUPPLIES 121823 EPA SERVICES IRE $9.989.99 ENGINEERING SERVICES P2-66 124824 EASTMAN INC 13.769.3E OFFICE SUPPLIES 126025 ENCHANTER INC 53.920.St OCEAN MONITORING M.O.7-17-91 129026 ERVIPCNPERIAL RESOURCE ASSCC 16R6.50 LAB SERVICES 129E27 FKP COPIER FFCCLCTS 5539.96 PRINTING SUPPLIES 124828 FIT FARE ARE GRAVEL IRC 5978.60 ROAD BASE 1291129 MARSHALL FAIARLS $128.08 DEFERRED COMP DISTRIBUTION 129830 FALCON DISPOSAL SERVICF $7.207.36 - RESIDUALS REMOVAL M.O.10-9-91 124831 JCPR B FALKENSIEIK FC $3.400.00 CONSTRUCTION SERVICES I-9. 1-16 124832 FECENAL EAFRIFS CORP $726.51 AIR FREIGHT 124833 FISCHER S PORTER CO $5.957.80 CHLORINATION SUPPLIES 124934 FLAT AND VERTICAL INC. 3131.0E CONCRETE CUTTING 126035 FLO-SVSTEPS $2.013.3L PUMP PARTS 1248-6 FCAMA SCIENTIFIC. INC. 5171.37 LAB SUPPLIES 129837 FCUKIAIK VALLEY CAPERA 511.5U FILM td I N W FUND NC 9199 JT DI9T W(PKINC CAPITAL PROCESSING 04TC 9/10/92 PAGE 3 REPORT NUMBER AP43 CCLAIV SANITAIICN DISTRICTS OF GRANGE COUNTY CLAIMS PAIL 69/23/92 POSTING DATE D9/23/92 WARRANT NO. VENDOR AMOUNT DESCRIPTION 124A36 FCURTAIN VALLEY FAINT 31.386.O1. PAINT SUPPLIES 124039 FCA INDUSTRIAL SALES 31.346.3, TOOLS 124840 THE FOXBORO CO 3496.27 INSTRUMENT 124841 JCRDAN CONTROLS. INC. 31.100.63 INSTRUMENT PARTS 124842 FREECOM IFAGING $151.49 SERVICE AGREEMENT 124643 PUC FRET $21.16 DEFERRED COMP DISTRIBUTION Y 124844 CITY OF FULLINTCN $119.91 WATER USE �. 124045 GANAHL LUMBER CO $85.65 HARDWARE/LUMBER m 12401E GENERAL ELECTRIC SLFPLT CC. 31.tI4.05 ELECTRIC SUPPLIES 124647 GENERAL IELEFMUE CC $933.67 TELEPHONE SERVICES 0l 124648 GIERLICF•PITCEELL INC 39r021.30 MECHANICAL PARTS 124949 6000UAT TOOLS COPP. 31.V5R.82 ELECTRIC PARTS 124850 GRAPHIC CONTROLS $174.41 INSTRUMENT SUPPLIES —1 124R51 GRAPHIC DISIRIBUICNS $226.20 PHOTO SUPPLIES 3 1248R_2 TIN CREEP L ASSCCIATES 923.504.00 SURVEYING SERVICES M.O.6-11-92 124B'_3 HP TYPE L EPAFEICS 514.20 PRINTING 4h 124854 HANBCUR ENGINEERING 511.695.00 PUMP PARTS 00 124655 FRCD A HARPER 31.500.00 DEFERRED COMP DISTRIBUTION 1248'.6 HARPIR610N INDUSTRIAL FLASH 9975.20 GAUGE 124E 5T M1ATCi L WIRE INC $219.69 INSTRUMENT PARTS n 1248M PL EAWN CO INC $116.37 FILTER T— 124859 HELPMATES TEMPORARY SERVICES $950.38 TEMPORARY SERVICES T- 124960 HEWLETT PACKARD 3690.60 SERVICE AGREEMENT d 124PE1 H6LEIT FACKAPO COPPANT s19a.27 LAB SUPPLIES 124862 HE STANCAAI ALTOPC71VE $6.421.45 TRUCE PARTS N 124863 J.T. HORVATH L ASSOC. 32000.eC CONSTRUCTION SERVICES J-23-1, J-17 124664 AS HUGHES CO INC $971.63 SAFETY SUPPLIES A 124NE5 HUNTINGTON BEACH RUPREP SIX 59.27 OFFICE SUPPLIES f7 124666 NLNT/N GTCK SLFPLT 346.22 HARDWARE .--{ 124867 IPPERIAL WEST CHEMICAL S41.473.62 FERRIC CHLORIDE M.O.11-14-90 Cn 124868 INDUSTRIAL THREADED PRODUCTS $1.340.72 CONNECTORS 1248E9 INGRAM PAPER 35.999.6G JANITORIAL SUPPLIES 124870 INIEFFOLNTAIN SCIENTIFIC CCRP $427.69 LAB SUPPLIES 124671 FACTEL TEIETRAC 1351.81 COMPUTER SYSTEM RENTAL 124072 INTERSTATE BATTERY SYSTEMS $1.292.99 BATTERIES 124873 IRVINE RANCH WATER DISTRICT 372.74 WATER USE 124074 JLA CPECII CCRF $145.32 MICROFICHE READER LEASE 124875 GREAT LECTERN SANITARY SEAT $2.082.10 JANITORIAL SUPPLIES 124876 JAWS CAtERIKG 3165.OG DIRRCYORS' MEETING EXPENSES 124877 JENSEN INSTRUMENTS CO 3104.27 INSTRUMENT SUPPLIES 124870 JIM.S SUSPENSION SERVICE $25.00 VEHICLE REPAIRS 124879 JP JCANSOK GENERAL CCNTR 52.93I.UU CONSTRUCTION SERVICES 3-7-4 124880 JCEKCTONE SEPTET 3301.43 ELECTRIC PARTS 124SE1 JCAES CHEMICALS INC $2.040.36 CHEMICALS 124082 JOKES INDUSTRIAL HARDWARE C $2.746.43 ELECTRICAL PARTS 124883 KARS- ADVANCED MATERIALS INC 34.998.50 LAB SERVICES W bit 3= FURS A[ 3195 JT DIST Y[PNI6O [IPI IOL PROCESSING DATE 9/IP/92 PAGE 9 REPORT NUMBER AF43 COUNTY SAN17AIl ON DISTRICTS OF ORAN6L COUNTY CLAIMS PAID 09/23/92 POSTING DATE 09/23/92 WARRANT NC. VEKCCP AMOUNT DESCRIPTION 124889 KEENAN A ASSOCIATES 19.950.0J SAFETY SUPPLIES 124885 KING NEARING INC 01.280.75 MECHANICAL PARTS 124806 NNOK INOLSTNIAL SUFFLICS $273.22 TOOLS 124BE7 PART16 MCPCICN SR 92.629.50 CONSTRUCTION SERVICES I-9 124BFB EEL CFFICES CF PCkCRI L LAVCIC $98.11 LEGAL SERVICES - FLORES V. DALBY 124889 LAYPAR. .(6LS R EYE. LAWYERS $15,005.49 LEGAL SERVICES - COOPER IND. 129090 LEKCO ELECTRIC CO 1118.65 TRUCK REPAIRS 124B91 NO LINOSTROM II.D 17.199.68 CONSULTING SERVICES - ENVIRONMENTAL m 12AE52 MPS 1150.53 PHOTO SERVICES Z 129893 PST PETAL SLPFLY INC. $303.55 METAL C7 129694 MACGPCO 4910.65 SERVICE AGREEMENT n 124895 HANTCN 62.346.6n PLUMBING SUPPLIES 124896 MARVAC ELECTRONICS 198.59 INSTRUMENT SUPPLIES 125N57 MATT CPLCP IKC $2.523.56 CHLORINATION PARTS m 124898 DCR PALMER 51.620.00 CONSULTING SERVIC83 3 121859 MECNMICAL ENENGV SYSTEM 525.LU REFUND USER FEE OVERPAYMENT ZEE 124900 MICRDAGC OF CERRITOS, $3.894.99 COMPUTER PARTS 00 12R901 MIPVAY MFE S MAChTNING $4.995.63 MECHANICAL REPAIRS 124992 FIRE SAFETY AFPIIARCES CC $3,759.95 SAFETY SUPPLI85 1 12550 FISSICN AEPASIVE SUFFLICS $942.61 MECHANICAL PARTS a 124969 MITCEELL INSTRUMENT CO $553.00 INSTRUMENT SUPPLIES r 124905 MLADCN BUMTICH CONSTRUCTION 5591.066.50 CONSTRUCTION 2-30 r 124906 MORGAN CRANE CO INC 1979.85 TRUCK PARTS 129947 MCSSY YEAR ROOK $610.31 LAB SUPPLIES t7 124908 9CTIC6 I6CUSIATIS INC 1450.72 MECHANICAL PARTS N 1255L9 ICTORCLA IRC 56.006.00 INSTRUMENT PARTS 124910 STASCARC REF. MATE. PROGRAP $432.00 PUBLICATIONS 125911 NATIONAL RESEARCH COON-CANADA $655.45 PUBLICATIONS 124912 NU-VEST FABRICATION $780.57 FILTERS �--I 324913 CCCUPATICAAL VISION SERVICES ;,500.25 REIMBURSABLE SAFETY GLASSES N 124S14 CFFICE FIVILICA/IRYERICF RCS $30.567.11 OFFICE FURNITURE M.0.6-10-92 124915 ON SYSTEMS CC $12.643.18 CHLORINE M.O.10-9-91 121916 ORACLE CORPORATION 91.750.06 TRAINING REGISTRATION 124917 ORANGE VALVE S FITTING CO. $838.11 FITTINGS 124919 CRANES CVERPEAC COCO COMPAN $217.30 DOOR REPAIRS 124919 CSCCC SELF-FLIDEC PECICAL 1 $100,000.00 PREMIUM ADVANCE 12492U CCUN7V SAKITATICK DISTRICT 619.973.d5 REIMBURSE WORKERS COMP INSURANCE 124921 PACCO SALES $584.76 PAINT SUPPLIES 125922 PACIFIC E6EPGY PESOUPCES 65.0IIO.00 ENGINEERING SERVICES P2-05-1 124923 PACO PUFFS $220.69 PUMP PARTS 124524 PACIFIC SAFETY EDUIPPERI CC $2.000.17 SAFETY SUPPLIES 124925 FACIFIC FELL 596.36 TELEPHONE SERVICES 124926 PACTCL MERIDIAN SYSTEMS $241.97 TELEPHONE SYSTEM MODIFICATIONS /29927 FAR VEST 9405.37 JANITORIAL SUPPLI88 12492R PARTS LAL IPt ICO 519551.70 TRUCK PARTS 124929 FEAT PAFVICN PAIR L CC $3.000.00 AUDITING SERVICES M.0.3-13-91 w F C L1O I FUND NO 9199 - JT DIST WORKING CAPITAL PROCESSING DATE 9/18/92 PAGE 5 R CRORY NUMBER AF43 COUNTY SANITATION DISTRICTS OF CAANSE COUNTY CLAIMS FRIG L9/23/92 POSTING DATE R9/23/92 WARRANT NO. VENDOR AMOUNT DESCRIPTION 124930 POT PENCERGRAFT 5464.00 DEFERRED COMP DISTRIBUTION 124931 PERKlh-CLPER CORFOPAIIOh $3.065.17 LAB SUPPLIES 124932 PLNKA LUERICATICK INC 5579.42 MACHINE SUPPLIES 324933 PIMA URO SYSTEMS INC 1125,693.60 RESIDUALS REMOVAL M.O.5-9-91 124934 PIONEER BANK 124.558.54 CONSTRUCTION RETENTION 5-34-3 124935 PCLYFLRE INC 914.957.77 CATIONIC POLYMER H.O.7-17-91 y 124936 PCWCP fLEC1RC SLPPLY CC $361.77 ELECTRIC SUPPLIES m 124537 FCLEP TRACK INC SIO2.69 PUMP PARTS Z 124938 PRLCISION INDUSTRIES $43.54 HARDWARE d 124939 FRCNIUM CONNECTING POINT 5584.24 COMPUTER PARTS y 124946 THE PROJECT SCLUTIONS CO. fh 960•UC INSTRUMENTATION INSPECTION H.O.7-17-91 324941 PAS INC $1.727.00 GRAPH SERVICES 12454E S7f VE P. FACCE. INC. L203.U49.90 CONSTRUCTION 14-1-1A-2, 1-16 m 124913 THE RCGISIEF 6245.TC NOTICES R ADS 3 124944 REISH MARINE S7UDILS. INC $680.00 OCEAN MONITORING 124945 MCJUNKlh-PEf UBLIC BUFPLY $640.38 ?COMING SUPPLIES It 124946 RICK COLCP LAE SS2.IE PRINTING 00 124947 RCCR]ELL ELECIPIC P25.00 REFUND PLANS 6 SPECS FEES IT948 0CSEPCURI 51.528.49 INSTRUMENTS S 99 PEGGY MUPP 5540.00 DEFERRED COMP DISTRIBUTION y 124950 SAFETY-NLEEN CORE $260.10 PARTS CLEANER 1- 124951 SANTA AKA RIVCR FLCGO $1.250.00 MEMBERSHIP FEES M.O.9-12-92 C- 124552 SANTA FE Ih CUSTRIAL PLASTICS $469.90 PLUMBING SUPPLIES C7 124953 CCLE SAP115 f2.925.00 FIRST AID/CPR TRAINING 124954 SEA-81RC ELECTPCKICS INC f125.0L LAB SUPPLIES C� 124955 SEA COAST LESIONS 543.05 OFFICE MACHINE 124956 SHURELUCN SALES $2,909.97 GASKETS 1249E7 SILVERI 6 LC RCUIF i221.U26.50 CONSTRUCTION 5-34-3 L--1 32195E SLIDE PAEIER 3408.33 . SLIDES --1 124959 S0I7h-EPERV CO 61.070.00 SOIL TESTING H.O.7-17-91 Cn 124960 SO COAST AIR QUALITY S68O.OU PERMIT FEES 124961 SOUTH COAST AIR QUALITY 53.500.UD SOURCE TESTS 1249E2 SO CALIF ALLIARCE OF PUBLIC $24.090.00 MEMBERSHIP DUES M.O.11-12-92 124983 SCUTPERN CALIF ECISCK CC $919.905.94 POWER 124514 SC CALIF ECISCR CC $25.000.00 DEPOSIT J-19-1 124965 SC CALIF WATER CO 83N.41 WATER USE 124166 WEST ALLOY INC $91.81 WIRE/CABLE 124967 SPECIAL PLASTIC SYSTEMS IRE $510.83 HARDWARE 1249E8 SPPI9GEP-LCRLAG $756.65 PUBLICATIONS 124969 STAPLES $40.54 OFFICE FURNITURE 224916 STERLING ART 9151.96 OFFICE SUPPLIES 124971 SUNSET FORD S99.04 TRUCK PARTS 124972 SUF'ELCO INC 9590.68 LAB SUPPLIES 124973 TCH ASSOCIATES $995.69 LAB SUPPLIES 224974 TENCRAIILICS 52.482.05 MECHANICAL PARTS 124975 IELALIOERIFh CCFFCRATIOR $119.16 FAX MACHINE REPAIRS t vi LA 1 FUND NC 9190 JF DIST NLOMING CAPITAL PROCESSING DATE 9/IM/92 PAGE f REPORT NUMBER AP43 CCUKTY SANITATICR DISTRICTS OF COARSE COUNTY CLAIMS PAID 05/23/92 POSTING DAIE 19,23/92 WARRANT NO. VENDOR AMOUNT DESCRIPTION 12997E TNEPPSOR IRCUSTPIAL SUPPLY $269.15 MECHANICAL PARTS 224977 FIAT-S LICK L SAFE SERVICE 92.357.36 KEYS 6 LOCKS 124978 TMAVEL TRAVEL $260.00 TRAVEL SERVICES 12/979 TOUCH 6 AUTO SUPPLY INC 815.29 TRUCK PARTS 124998 UNOCAL $/6.10 UNLEADED GASOLINE 124981 UNITED PARCEL SERVICE 5125.56 PARCEL SERVICES a 12/982 VAR SCIENTIFIC $3Q13.40 LAB SUPPLIES m 124983 VALIK CCOPORATIOK $589.93 ELECTRIC PARTS Z 124984 VALLEY CITIES SUPPLY CO 52.935.25 PLUMBING SUPPLIES tv 121985 VERTCY SYSTEMS $6.850.00 COMPUTER DATA SUPPORT y 12/906 VILLAGE KLRSERIES 5829.73 LANDSCAPING SUPPLIES 1219E7 NEA/PER ARC WTRD INATRUMEKI $507.51 SAFETY SUPPLIES 2219FP AESTEON STATES CFFMICAL SLFFLV $7.974.06 CAUSTIC SODA M.O.8-8-90 m 124989 YESCC 51.220.72 ELECTRIC PARTS 3 I21990 YXCSSOC YAPCC $15,454.91 STEEL 124991 RITES SCIENTIFIC 5905.1U LAB SUPPLIES 9! 12/9S2 HERON CCPP 52.278.50 COPIER LEASES 00 12/9S3 GECREf TAOCLEY CC S206.62 PUMP PARTS 1 121551 PICNAOO E ECPAR 5200.00 DEFERRED CON? DISTRIBUTION ................. a ' P- TOTAL CLAIMS PAID 09/23/92 $4,607,861.26 r ty i SUMMARY AMOUNT C'1 11 OPER FOND $242.30 1 11 CAP FAC FUND $43,374.19 Cn 12 OPER FUND $3,773.23 12 CAP PAC FUND $552,965.27 13 OPER FUND $35,756.81 05 OPER FUND - $4,112.59 15 CAP FAC FUND $256,750.18 46 OPRR FUND $162.39 17 OPER FUND $2,072.09 17 CAP PAC FUND $27,705.16 I11 OPER FUND $800.86 013 OPER FUND $37.80 RIE OPBR FUND $30.94 014 CAP FAC FUND $164,626.79 1566 OPER FUND $3,570.20 856E CAP FAC FUND $1,240.31 8761E OPER FUND $6,258.93 JT OPER FUND $2,367,972.96 CORP $1,877,141.52 SELF FUNDED INSURANCE PUNDB $219,701.16 CO JT WORKING CAPITAL $139,015.32 ------------------- $4,607,861.26 COUNTY SANITATION DISTRICTS OF ORANGE COUNTY Page 1 of 5 P. 0. BOX 8127 - 10844 ELLIS AVENUE FOUNTAIN VALLEY, CALIFORNIA 92708 CHANGE ORDER C. 0. NO. Thirteen (13) CONTRACTOR: J.R. Roberts Corporation DATE October 14, 1992 JOB: CENTRAL LABORATORY. JOB NO. J-17 Amount of this Change Order (Add) (Deduct) $ 51,362.52 In accordance with contract provisions, the following changes in the contract and/or contract work are hereby authorized and as compensation therefor, the following additions to or deductions from the contract price are hereby approved. Item 1 - ADDITIONAL STAINLESS STEEL DUCTWORK The Contractor was directed to furnish and install additional stainless steel exhaust ductwork in Room 231, provide thresholds and sweeps for Doors 27, 33, and 34, locksets for Doors 22, 24, 66, and 68, and to furnish and install ceramic tile above sink in Janitor's Room 117. The additional ductwork is required for planned equipment. The thresholds and sweeps are required to maintain the temperature differential from mechanical rooms to inside of laboratory. Locksets and ceramic tile is required for extended maintenance. This item was negotiated with the Contractor pursuant to Section 10-6(b) (2) (A) of the General Provisions. (Reference: JRR CDR 79R, FCO 42) ADDED COST THIS CHANGE ORDER ITEM: $ 9,344.00 TIME EXTENSION THIS CHANGE ORDER ITEM: 5 Calendar Days Item 2 - MODIFY PRECHLORIC HOOD DUCTWORK The Contractor was directed to remove the stainless steel ductwork and replace it with PVC ductwork, provide a new opening through the roof, relocate fire sprinkler line and heads, furnish and install inspection doors in duct shafts, and provide tamper switches for control valves. The previously proposed installation of prechloric hood ductwork would have resulted in excessive water through ducts and into the hood sink. Relocation of the fire sprinkler line and heads, inspection doors and tamper switches were required by the Fire Inspector. This item was negotiated with the Contractor pursuant to Section 10-6(b) (2) (A) of the General Provisions. (Reference: JRR CDR 81R, FCO 44) ADDED COST THIS CHANGE ORDER ITEM: $ 12,043.00 TIME EXTENSION THIS CHANGE ORDER ITEM: 7 Calendar Days "C-1" AGENDA ITEM #9(a) (1) - ALL DISTRICTS 11C-1" COUNTY SANITATION DISTRICTS OF ORANGE COUNTY Page 2 of 5 P. 0. BOX 8127 - 10844 ELLIS AVENUE FOUNTAIN VALLEY, CALIFORNIA 92708 CHANGE ORDER C. 0. NO. Thirteen (13) CONTRACTOR: J.R. Roberts Corporation DATE October 14, 1992 JOB: CENTRAL LABORATORY. JOB NO. J-17 Item 3 - VARIOUS MODIFICATIONS The Contractor was directed to provide the following items of work. A. Add conduit, conductors and hook up for the following: - Roll-up door motor. - Pump P-10 for heat exchanger. - An additional fire zone from fire alarm panel to elevator equipment room. - Telephone to the elevator cab. - Additional light switches in Rooms 227 and 229. - Water heater ignitors. - Additional receptacle boxes in Room 208. B. Change finishes for Room 208 which includes deletion of all cabinets and plumbing outlets, adding carpeting, patching drywall , repainting, and staring fixtures and original vinyl flooring in Room 102. C. Add vent, drain, and three-inch lateral to Kjeldahl unit in Room 228. Includes core drilling concrete floor and hook up to adjacent water supply lines. The above work was either not included in the contract documents but was required by code, or requested by Districts' staff. This item was negotiated with the Contractor pursuant to Section 10-6(b) (2) (A) of the General Provisions. (Reference: JRR CDR 86 and 97, FCO 45 and 46, and RFI 386) ADDED COST THIS CHANGE ORDER ITEM: $ 12,419.00 TIME EXTENSION THIS CHANGE ORDER ITEM: 14 Calendar Days "C-2" AGENDA ITEM #9(a) (1) - ALL DISTRICTS "C-2" COUNTY SANITATION DISTRICTS OF ORANGE COUNTY Page 3 of 5 P. 0. BOX 8127 - 10844 ELLIS AVENUE FOUNTAIN VALLEY, CALIFORNIA 92708 CHANGE ORDER C. 0. NO. Thirteen (13) CONTRACTOR: J.R. Roberts Corporation DATE October 14, 199�— JOB: CENTRAL LABORATORY, JOB NO. J-17 Item 4 - HOOKUP AUTOCLAVE UNITS The Contractor was directed to provide plumbing and electrical hook ups for two Districts-furnished autoclave units in Rooms 212 and 213. This work Included core drilling the concrete floor, floor sinks, fuseal fittings, and hot, cold and deionized water lines. Work also included conduits, conductors, breakers, switches and receptacle for 60 Amp, 208 Volt, three-phase power and dedicated circuit In Room 213 from electrical room. This work was required pursuant to manufacturers installation instructions and to meet code. This item was negotiated with the Contractor pursuant to Section 10-6(b)(2)(A) of the General Provisions. (Reference: JRR CDR 107, FCO 49) ADDED COST THIS CHANGE ORDER ITEM: $ 16,987.00 TIME EXTENSION THIS CHANGE ORDER ITEM: 14 Calendar Days Item 5 - WOOD VENEER CABINET FACES The Contractor was directed to delete the plastic laminate from the cabinet faces and to replace it with red oak wood veneer. The red oak will match the wood finish in the building. This request was made by the Laboratory Director. This item was negotiated with the Contractor pursuant to Section 10-6(b)(2)(A) of the General Provisions. (Reference: JRR CDR 96) ADDED COST THIS CHANGE ORDER ITEM: $ 2,510.00 TIME EXTENSION THIS CHANGE ORDER ITEM: 0 Calendar Days Item 6 - UTILITY COMPANY REQUIREMENTS AND FEES The Contractor was directed In the Detailed Specifications, Section 68-1600.01 to pay all fees to Southern California Edison Company. The Districts paid said fee directly and this item provides reimbursement for same. (Reference: Warrant No. 115800 dated July 17, 1991) DEDUCTED COST THIS CHANGE ORDER ITEM: $ (1,940.48) TIME EXTENSION THIS CHANGE ORDER ITEM: 0 Calendar Days TOTAL ADDED COST THIS CHANGE ORDER: $ 51,362.52 TOTAL TIME EXTENSION THIS CHANGE ORDER: 40 Calendar Days "C-3" AGENDA ITEM #9(a) (1) - ALL DISTRICTS "C-3" COUNTY SANITATION DISTRICTS OF ORANGE COUNTY Page 4 of 5 P. 0. BOX 8127 - 10844 ELLIS AVENUE FOUNTAIN VALLEY, CALIFORNIA 92708 CHANGE ORDER C. 0. NO. Thirteen (13) CONTRACTOR: J.R. Roberts Corporation DATE October 14, 1992 JOB: CENTRAL LABORATORY. JOB NO. J-17 The additional work contained within this Change Order can be performed incidental to the prime work and within the time allotted for the original Contract and any extensions to the Contract Time made by this and all previously issued Change Orders. It is therefore mutually agreed that 40 days extension of time to perform the work is required for this Change Order, but that no direct or indirect, incidential consequential costs, expenses, losses or damages have been or will be incurred by Contractor, except as expressly granted and approved by this Change Order. SUMMARY OF CONTRACT TIME Original Contract Date March 1, 1990 Original Contract Time 420 Calendar Days Original Completion Date April 24, 1991 Time Extension this C.O. 40 Calendar Days Total Contract Time Extension 426 Calendar Days Revised Contract Time 846 Calendar Days Revised Final Completion Due Date June 23, 1992 Time Subject to Liquidated Damages Not Applicable Actual Final Completion Date Not Applicable Original Contract Price $ 7,090,000.00 Prev. Auth. Changes $_1,011,639.55 This Change (Add) (Deduct) $ 51,362.52 Amended Contract Price $ 8,153,002.07 "C-4" AGENDA ITEM #9(a) ( 1 ) - ALL DISTRICTS "C-4" COUNTY SANITATION DISTRICTS OF ORANGE COUNTY Page 5 of 5 P. 0. BOX 8127 - 10844 ELLIS AVENUE FOUNTAIN VALLEY, CALIFORNIA 92708 CHANGE ORDER C. 0. NO. Thirteen (13) CONTRACTOR: J.R. Roberts Corporation DATE October 14, 1992 JOB: CENTRAL LABORATORY, JOB NO. J-17 Board Authorization Date: October 14, 1992 COUNTY SANITATION DISTRICTS OF ORANGE COUNTY, CALIFORNIA SUBMITTED BY: RECOMMENDED BY: jnineer Date Construction tanager Date APPROVED BY: � APPROVED AS TO FORM: j, teen �' _ -9✓ `) �' Y Director of Engineering Date General Counsel Date J. R. ROBERTS CORPORATION ACCE D BY: Contractor Date "C-5" AGENDA ITEM #9(a) (1) - ALL DISTRICTS "C-5" RESOLUTION NO. 92-137 ACCEPTING JOB NO. J-17 AS COMPLETE A JOINT RESOLUTION OF THE BOARDS OF DIRECTORS OF COUNTY SANITATION DISTRICTS NOS. 1, 2, 3, 5, 6, 7, 11, 13 AND 14 OF ORANGE COUNTY, CALIFORNIA, ACCEPTING CENTRAL LABORATORY, JOB NO. J-17, AS COMPLETE AND APPROVING FINAL CLOSEOUT AGREEMENT The Boards of Directors of County Sanitation Districts Was. 1, 2, 3, 5, 6, 7, 11, 13 and 14 of Orange County, California, DO HEREBY RESOLVE, DETERMINE AND ORDER: Section 1. That the contractor, J. R. Roberts Corporation, has completed the construction in accordance with the terms of the contract for Central Laboratory, Job No. J-17, on June 23, 1992; and, Section 2. That by letter the Districts' Director of Engineering has recommended acceptance of said work as having been completed in accordance with the terms of the contract, which said recommendation is hereby received and ordered filed; and, Section 3. That Central Laboratory, Job No. J-17, is hereby accepted as completed in accordance with the terms of the contract therefor, dated March 1, 1990; and, Section 4. That the Districts' Director of Engineering is hereby authorized and directed to execute a Notice of Completion therefor; and, Section 5. That the Final Closeout Agreement with J. R. Roberts Corporation, setting forth the terms and conditions for acceptance of Central Laboratory, Job No. J-17, is hereby approved and accepted in form approved by the General Counsel ; and, Section 6. That the Chairman and Secretary of District No. 1, acting for itself and on behalf of Districts Nos. 2, 3, 5, 6, 7, 11, 13 and 14, are hereby authorized and directed to execute said agreement on behalf of the Districts. PASSED AND ADOPTED at a regular meeting held October 14, 1992. "D" AGENDA ITEM #9(a) (2) - ALL DISTRICTS "D" COUNTY SANITATION DISTRICTS OF ORANGE COUNTY Page 1 of 6 P. 0. BOX 8127 - 10844 ELLIS AVENUE FOUNTAIN VALLEY, CALIFORNIA 92708 CHANGE ORDER C. 0. NO. Fourteen (14) CONTRACTOR: HUNTER CORPORATION DATE October 14, 1992 JOB: Central Power Generation System at Plant No. 1, Job No. J-19-1 Amount of this Change Order (Add) (Beduet:) $ 91,002.00 In accordance with contract provisions, the following changes in the contract and/or contract work are hereby authorized and as compensation therefor, the following additions to or deductions from the contract price are hereby approved. Item 1 - SIGNAL DUCT BANK TERMINAL CABINETS This item is for added work to the signal duct bank between the Central Power Generation System Building and the Signal Manhole S-1. The additional work includes the installation of one additional electric manhole and three terminal cabinets with related terminations and appurtenances. A portion of the signal duct bank routed under Fuentes Road was deleted from this contract in Item 3 of Change Order No. 4 and was constructed under the Primary Clarifiers Nos. 6-15 and Related Facilities at Reclamation Plant No. 1 (Job No. P1-33) project in order to construct the necessary portion of the duct bank prior to construction of the new Fuentes Road being built on the contract. This portion of the signal duct bank was also rerouted around the proposed location of structures to be `ftwl built in the future. This change added length and several bends to the duct bank in between Manholes S-2 and S-3 as shown on Contract Drawing IE11. The National Electric Code limits the number of bends in any conduit run between pulling points, or in this case, manholes. The additional bends required to reroute the signal duct bank necessitate the installation of an additional manhole to meet this code requirement. This additional manhole will be installed to the north of Fuentes Road in between Manholes S-2 and S-3 and adjacent to the existing 12KV Electric Manhole 12-12 A/B. The work includes the installation of the manhole, rerouting the constructed signal duct bank to the manhole as required, and installation of additional cable required by the increased length of the rerouted duct bank. Detailed Specification 66-3032 also required pulling calculations for multipair armored cable. This specification requires that the Contractor submit a cost proposal for additional work required to install the cable within the table's allowable pulling tension or if any applicable code is violated. Three additional terminal cabinets with the associated terminations and appurtenances are required to pull the cable within the manufacturer' s recommended pulling tension. This item also Includes all work to install one terminal cabinet in the Central Power Generation System Building and two in signal manholes located along the duct bank. The work includes installing waterproof cabinets, supports, 720 terminations with identification, connectors, and fittings. This item was negotiated with the Contractor pursuant to Section 10-6(b) (1) of the General Provisions. (Reference: Submittal No. J191-203) ADDED COST THIS CHANGE ORDER ITEM: $ 64,468.00 `.d TIME EXTENSION THIS CHANGE ORDER ITEM: 0 Calendar Days "E-1" AGENDA ITEM #9(b) - ALL DISTRICTS "E-1" COUNTY SANITATION DISTRICTS OF ORANGE COUNTY Page 2 of 6 P. 0. BOX 8127 - 10844 ELLIS AVENUE FOUNTAIN VALLEY, CALIFORNIA 92708 CHANGE ORDER C. 0. NO. Fourteen (14) CONTRACTOR: HUNTER CORPORATION DATE October 14, 1 92 JOB: Central Power Generation System at Plant No. 1, Job No. J-19-1 Item 2 - REVISE SIGNAL DUCT BANK AND CONDUITS AT 12KV SERVICE CENTER This item is for rerouting the signal duct bank adjacent to the 12KV Service Center below an existing retaining wall , removal of existing conduit in the basement of the Service Center, and the installation of new conduit in the basement. Contract drawings show the signal duct connecting to existing conduits in the basement of the Service Center on Contract Drawings 1E11 and 1E17. Contract drawings do not show an existing retaining wall at the east side of the service center which supports aparking lot. The signal duct bank was rerouted to get below the retaining wall. The resulting additional bends in the signal duct bank exceed the maximum bends allowed by the National Electric Code In that section of duct bank between Signal Manhole S-1 and the Service Center. The duct bank was rerouted from the retaining wall to the building in order to comply with the code. The conduit in the Service Center was also rerouted and replaced in order to comply with the code requirement. This item was accomplished by Contractor's Force Account pursuant to Section 10-6(b) (2) of the 1 General Provisions.. (Reference: FCO-013) �•✓ ADDED COST THIS CHANGE ORDER ITEM: $ 19,494.00 TIME EXTENSION THIS CHANGE ORDER ITEM: - 0 Calendar Days Item 3 - STARTING AND INSTRUMENT AIR PRESSURE SWITCHES This item is for providing adjustable differential pressure switches for the instrument and starting air compressors. The differential pressure switches required by the contract documents do not provide an adequate operating range for the compressors. This causes the compressors to start up and stop in short intervals causing unnecessary wear on the motors. The adjustable pressure switches allow a wider operating range for the compressors which provides longer operating intervals. This item was negotiated with the Contractor pursuant to Section 10-6(b)(1) of the General Provisions. (Reference: PCH J191-045) ADDED COST THIS CHANGE ORDER ITEM: $ 953.00 TIME EXTENSION THIS CHANGE ORDER ITEM: 0 Calendar Days "E-2" AGENDA ITEM #9(b) - ALL DISTRICTS "E-2" COUNTY SANITATION DISTRICTS OF ORANGE COUNTY Page 3 of 6 P. 0. BOX 8127 - 10844 ELLIS AVENUE FOUNTAIN VALLEY, CALIFORNIA 92708 CHANGE ORDER C. 0. NO. Fourteen (14) CONTRACTOR: HUNTER CORPORATION DATE October 14, 1992 JOB: Central Power Generation System at Plant No. 1, Job No. J-19-1 Item 4 - REVISE CONTROL ROOM FIRE DAMPERS This item is to relocate one fire damper on the six-inch air supply duct to Room 205 and install one new fire damper on the 10-inch corridor return air duct. These dampers will be located at the fire wall on the east side of the control room. Contract Drawing 2H03 shows one damper incorrectly located in Room 205 and no damper is shown on the corridor air return duct work. Code requires that these dampers be located at fire walls. The work includes additional framing of the fire wall to accommodate the dampers, the addition of one 10-inch damper, and the relocation of one six-inch damper. This item was negotiated with Contractor pursuant to Section 10-6(b)(1) of the General Provisions. (Reference: PCH J191-046) ADDED COST THIS CHANGE ORDER ITEM: $ 1,404.00 TIME EXTENSION THIS CHANGE ORDER ITEM: 0 Calendar Days Item 5 - MISCELLANEOUS STRUCTURAL MODIFICATIONS This item is for additional anchorage for Precast Panel No. 8, reinforcement of lateral bracing connections for precast panel carrying beams, and revisions to horizontal supports for the west crane rail beam located in the main engine room. Additional anchorage for Precast Panel No. 8 is required because there is not sufficient space to support the panels as required by Detail D on Contract Drawing 2528. Bolted connections for lateral braces for beams supporting the precast panels along Building Line E required welding to limit torsional deflection experienced during the installation of the panels. Connections were required to be reinforced where metal roof decking is installed parallel to the panel carrying beams. Revisions to the horizontal supports for the west crane beam were required because there is not sufficient room to install bolts in the top flange of the beams as shown on Detail A on Contract Drawing 2522. Welded connections were provided. This item was negotiated with the Contractor pursuant to Section 10-6(b)91) of the General Provisions. (Reference: RFI J191-206, PCH J191-048) ADDED COST THIS CHANGE ORDER ITEM: $ 3,795.00 TIME EXTENSION THIS CHANGE ORDER ITEM: 0 Calendar Days "E-3" AGENDA ITEM #9(b) - ALL DISTRICTS "E-3" COUNTY SANITATION DISTRICTS OF ORANGE COUNTY Page 4 of 6 P. 0. BOX 8127 - 10844 ELLIS AVENUE FOUNTAIN VALLEY, CALIFORNIA 92708 CHANGE ORDER C. 0. NO. Fourteen (14) CONTRACTOR: HUNTER CORPORATION DATE October 14, 1992 JOB: Central Power Generation System at Plant No. 1, Job No. J-19-1 Item 6 - ELEVATOR SHAFT VENT Contract Drawing 2HO3 requires a 30-inch diameter power exhaust fan to be installed in the elevator shaft. The operation of this exhaust fan would prevent air from entering the elevator when the elevator car is moving downward through the shaft. This item is for providing the required shaft venting by removing the fan motor and fan blade from the exhaust fan. This item was negotiated with the Contractor pursuant to Section 10-6(b)(1) of the General Provisions. (Reference: PCH J191-030) ADDED COST THIS CHANGE ORDER ITEM: $ 413.00 TIME EXTENSION THIS CHANGE ORDER ITEM: 0 Calendar Days Item 7 - TURNING GEAR PRESSURE REDUCING VALVE This item is for providing one turning gear pressure reducing valve (16PRV748). This valve 1s shown to be owner supplied on the Equipment List on Contract Drawing 1MO8. However, the valve is not included in the equipment manufacturer's contract. This item was negotiated with the Contractor pursuant to Section 10-6(b)(1) of the General Provisions. (Reference: PCH J191-051) ADDED COST THIS CHANGE ORDER ITEM: $ 475.00 TIME EXTENSION THIS CHANGE ORDER ITEM: 0 Calendar Days TOTAL ADDED COST THIS CHANGE ORDER: $ 91,002.00 TOTAL TIME EXTENSION THIS CHANGE ORDER: 0 Calendar Days "E-4" AGENDA ITEM #9(b) - ALL DISTRICTS "E-4" COUNTY SANITATION DISTRICTS OF ORANGE COUNTY Page 5 of 6 • P. 0. BOX 8127 - 10844 ELLIS AVENUE FOUNTAIN VALLEY, CALIFORNIA 92708 CHANGE ORDER C. 0. NO. Fourteen (14) CONTRACTOR: HUNTER CORPORATION DATE October 1 j— JOB: Central Power Generation System at Plant No. 1, Job No. J-19-1 The additional work contained within this Change Order can be performed incidental to the prime work and within the time allotted for the original Contract and any extensions to the Contract Time made by this and all previously issued Change Orders. It is therefore mutually agreed that no time is required for this Change Order, and no direct or indirect, incidental or consequential costs, expenses, losses or damages have been or will be incurred by Contractor, except as expressly granted and approved by this Change Order. SUMMARY OF CONTRACT TIME Original Contract Date February 21, 1991 Original Contract Time 600 Calendar Days Original Completion Date October 12, 1992 Time Extension this C.O. 0 Calendar Days Total Contract Time Extension 103 Calendar Days Revised Contract Time 703 Calendar Days Revised Final Completion Due Date January 23, 1993 Time Subject to Liquidated Damages Not Applicable Actual Final Completion Date Not Applicable Original Contract Price $ 15 410 855.00 Prev. Auth. Changes $ 51 84. This Change (Add) (Deauet) $ 9L,Doz.o Amended Contract Price E 16,O165 1�.UU "E-5" AGENDA ITEM #9(b) - ALL DISTRICTS "E-5" COUNTY SANITATION DISTRICTS OF ORANGE COUNTY Page 6 of 6 P. 0. BOX 8127 - 10844 ELLIS AVENUE FOUNTAIN VALLEY, CALIFORNIA 92708 CHANGE ORDER C. 0. NO. Fourteen (14) CONTRACTOR: HUNTER CORPORATION DATE October 14 1 JOB: Central Power Generation System at Plant No. 1, Job No. J-19-1 Board Authorization Date: October 14, 1992 COUNTY SANITATION DISTRICTS OF _ ORANGE COUNTY, CALIFORNIA SUBMITTED BY: RECOMMENDED BY: Engineer a econstruction manager Date APPROVED BY: APPROVED ASSTT�O �FOR�M: ec or o Engineering Date eneral ouu-- -/- Q s `` e-nssl a e HUNTER CORPORATION ACCEPTED B,Y::1ee contractor Date "E-6" AGENDA ITEM #9(b) - ALL DISTRICTS "E-6" COUNTY SANITATION DISTRICTS OF ORANGE COUNTY Page 1 of 2 P. 0. BOX 8127 - 10844 ELLIS AVENUE FOUNTAIN VALLEY, CALIFORNIA 92708 CHANGE ORDER C. 0. NO. Eight (8) CONTRACTOR: J.R. Roberts Corporation DATE October 14, 1992 JOB: CONTROL CENTER/OPERATIONS AND MAINTENANCE BUILDING, JOB NO. J-23-1 Amount of this Change Order (Add) (Deduct) $ 21,017.00 In accordance with contract provisions, the following changes in the contract and/or contract work are hereby authorized and as compensation therefor, the following additions to or deductions from the contract price are hereby approved. Item 1 - ALUMINUM HANDRAIL ENTRY The Contractor was directed to furnish and install a 1 1/2-inch aluminum handrail and posts at entry steps, west steps and at handicapped ramp. The handrail is necessary for compliance with the 1991 edition of the Uniform Building Code, Section 1712. The corresponding site work was approved in a previous change order. This item of work was negotiated pursuant to Section 10-6(b) (2)(A) of the General Provisions. (Reference: Sup. Drawing C-2 8 C-3, JRR CDR 61, and FCO 38). ADDED COST THIS CHANGE ORDER ITEM: $ 21,017.00 TIME EXTENSION THIS CHANGE ORDER ITEM: 0 Calendar Days TOTAL ADDED COST THIS CHANGE ORDER $ 219017.00 TOTAL TIME EXTENSION THIS CHANGE ORDER: 0 Calendar Days The additional work contained within this Change Order can be performed incidental to the prime work and within the time allotted for the original Contract and any extensions to the Contract Time made by this and all previously issued Change Orders. It is therefore mutually agreed that no time extension is required for this Change Order, but that no direct or indirect, incidental or consequential costs, expenses, losses or damages have been or will be incurred by Contractor, except as expressly granted and approved by this Change Order. SUMMARY OF CONTRACT TIME Original Contract Date March 27, 1991 Original Contract Time 270 Calendar Days Original Completion Date December 21, 1991 Time Extension this C.O. 0 Calendar Days Total Contract Time Extension 83 Calendar Days Revised Contract Time 353 Calendar Days Revised Final Completion Due Date March 14, 1992 Time Subject to Liquidated Damages Not Applicable Actual Final Completion Date Not Applicable "F-1" AGENDA ITEM #9(c) - ALL DISTRICTS "F-1" COUNTY SANITATION DISTRICTS OF ORANGE COUNTY Page 2 of 2 P. 0. BOX 8127 - 10844 ELLIS AVENUE FOUNTAIN VALLEY, CALIFORNIA 92708 CHANGE ORDER C. 0. NO. Eight (8) CONTRACTOR: J.R. Roberts Corooration DATE October 14. 1992 JOB: CONTROL CENTER/OPERATIONS AND MAINTENANCE BUILDING. JOB NO. J-23-1 Original Contract Price $ 3,675,000.00 Prev. Auth. Changes $ 142,072.00 This Change (Add) (Redact) $ 21,017.00 Amended Contract Price $ 3,838,089.00 Board Authorization Date: October 14, 1992 COUNTY SANITATION DISTRICTS OF ORANGE COUNTY, CALIFORNIA SUBMITTED BY: RECOMMENDED BY: , _21t 5-8'9L "'9- - �--9-9z ,/Engineer Date C nstruction Manager Date APPROVED BY: APPROVED AS TO FORM: ALA- v Director of Engineering Date Gene al Counsel f Date J. R. ERTS CORPORATION A EP D BY: cc>l� 9-3-gz Contractor Date "F-2" AGENDA ITEM #9(c) - ALL DISTRICTS "F-2" RESOLUTION NO. 92-138 REJECTING ALL BIDS FOR JOB NO. J-28 �..� A JOINT RESOLUTION OF THE BOARDS OF DIRECTORS OF COUNTY SANITATION DISTRICTS NOS. 1, 2, 3, 5, 6, 7, 11, 13 AND 14 OF ORANGE COUNTY, CALIFORNIA, REJECTING ALL BIDS FOR PUMP STATION TELEMETRY AND MONITORING SYSTEM, JOB NO. J-28, AND DIRECTING STAFF AND GENERAL COUNSEL TO REFORMULATE AND REBID THE JOB FOLLOWING RESOLUTION OF SOFTWARE LICENSING ISSUE * * * * * * * * * * * * * * * * The Boards of Directors of County Sanitation Districts Nos. 1, 2, 3, 5, 6, 7, 11, 13 and 14 of Orange County, California, DO HEREBY DETERMINE THAT: WHEREAS, the Districts have published Notice Inviting Bids for Pump Station Telemetry and Monitoring System, Job No. J-28, in accordance with the provisions of Section 20783 of the Public Contracts Code of the State of California, and on August 4, 1992, publicly opened and read all bids submitted; and, WHEREAS, said project specifies the use of Miser computer software for said system; and, WHEREAS, HSQ Technology, the proprietary owner of said Miser computer software and the supplier of said software program for equipment being installed on separate projects, Plant 1 Control Center Instrumentation, Job No. J-23-2, and Replacement of Computerized Monitoring System at Plant No. 2, Job No. P2-44, has questioned the Districts' right to use said software on the project for Pump Station Telemetry and Monitoring System, Job No. J-28, which said issue remains to be resolved; and, WHEREAS, the Director of Engineering has this day submitted a written recommendation that all bids be rejected and the project be delayed until General Counsel can resolve the software licensing issue and the project can then be reformulated accordingly and rebid, which said recommendation is concurred in by the General Counsel. "G-1" AGENDA ITEM #9(d)(5) - ALL DISTRICTS "G-)." NOW, THEREFORE, BE IT RESOLVED AND ORDER: Section 1. That the bid tabulation and recommendation of the Director of Engineering to reject all bids for Pump Station Telemetry and Monitoring System, Job No. J-28, be received and ordered filed; and, Section 2. That all bids for said work be, are are hereby, rejected; and, Section 3. That the General Manager be authorized to reformulate and rebid the project following resolution of the software licensing issue. PASSED AND ADOPTED at a regular meeting held October 14, 1992. "G-2" AGENDA ITEM #9(d) (5) - ALL DISTRICTS °G-2" COUNTY SANITATION DISTRICTS of ORANGE COUNTY. CAUFORNIA August 4, 1992 11:00 a.m. 1V ELLIS AVENUE ao BOX8127 4 ADDENDA FOUNTAIN VALLEY.CALIFORNIA 6272E-E127 n1m662-2411 �i BID TABULATION SHEET JOB NO. J-28 PROJECT TITLE Pump Station Telemetry and Monitoring System PROJECT DESCRIPTION Replacement of Existing Pump Station Telemetry with Computerized Monitoring Systems ENGINEER'S ESTIMATE $ 400,000.00 BUDGET AMOUNT $ 702,000.00 =====.Eve== vas=====:=.=z== .=n.= CONTRACTOR TOTAL BID 1. Domar Electric Inc., Lake Elsinore, CA $374,100.00 2. Canus Corporation, Laguna Hills, CA $416,289.79* 3. Gierlich-Mitchell , Inc., E1 Segundo, CA $583,588.00 4. HSQ Technology, South San Francisco, CA $607,500.00 S. ATSI, Escondido, CA No Bid *Addition error--corrected total. I have reviewed the proposals submitted for the above project and find that further review of the project is required. I, therefore, recommend that all bids be rejected. �, Qr.,s Thomas M. Dawes Director of Engineering "G-3" AGENDA ITEM #9(d) (5) - ALL DISTRICTS "G-3" COUNTY SANITATION DISTRICTS OF ORANGE COUNTY Page 1 of 7 P. 0. BOX 8127 - 10844 ELLIS AVENUE FOUNTAIN VALLEY, CALIFORNIA 92708 CHANGE ORDER C. 0. NO. Five (5) CONTRACTOR: SILVERI 8 LE BOUEF DATE October 14, 1992 JOB: IMPROVEMENTS TO BAYSIDE DRIVE TRUNK SEWER, PHASE 3, CONTRACT NO. 5-34-3 Amount of this Change Order (Add) (Bedwet) $ 303,271.00 In accordance with contract provisions, the following changes in the contract and/or contract work are hereby authorized and as compensation therefor, the following additions to or deductions from the contract price are hereby approved. Item 1 - EXTRA COSTS COVERED BY ROCK. STATION NO. 69+72 TO STATION NO. 89+54., MORNING CANYON ROAD TO THE SOUTHERLY CITY LIMITS The Contractor encountered very hard, solid rack in the tunneling section between Station No. 69+72 and Station No. 89+54, Morning Canyon Road to the southerly city limits. In some cases, the boring slowed or stopped because of the rock. When stopped, the tunnel had to be excavated from the surface to remove the interfering rock. In accordance with the General Provisions, this item compensates the Contractor for extra work for a change in condition of tunnel work. The extra work included removing, hauling, and disposing of rock, added equipment for breaking rock, compensation for repairs to damaged equipment, added equipment and labor costs. Added time is compensated for by early start. This item was accomplished by Contractor's Force Account pursuant to Section 10-6(B)(2) (b) of the 1991 General Provisions. ADDED COST THIS CHANGE ORDER ITEM: $ 128,397.00 TIME EXTENSION THIS CHANGE ORDER ITEM: 0 Calendar Days Item 2 - UNDISCLOSED ROCK AT LATERAL STATION NO. 56+00 AT SEAWARD ROAD AND PACIFIC COAST HIGHWAY The Contractor encountered very hard, solid rock while excavating for the sewer lateral connection at Station No. 56+00 at Seaward Road and Pacific Coast Highway. The Contractor was directed to take necessary actions to remove the rock in order to make the connection. In accordance with the General Provisions, this item compensates the Contractor for extra work for a change in condition of tunnel work. The extra work included removing, hauling, and disposing of rock and added equipment for breaking rock. This item was accomplished by Contractor's Force Account pursuant to Section 10-6(B)(2) (b) of the 1991 General Provisions. ADDED COST THIS CHANGE ORDER ITEM: $ 8,277.00 TIME EXTENSION THIS CHANGE ORDER ITEM: 0 Calendar Days "H-1" AGENDA ITEM #9(e) - DISTRICT 5 "H-1" COUNTY SANITATION DISTRICTS OF ORANGE COUNTY Page 2 of 7 P. 0. BOX 8127 - 10844 ELLIS AVENUE FOUNTAIN VALLEY, CALIFORNIA 92708 CHANGE ORDER C. 0. NO. Five (5) CONTRACTOR: SILVERI & LE BOUEF DATE October— 4,1992-- JOB: IMPROVEMENTS TO BAYSIDE DRIVE TRUNK SEWER, PHASE 3, CONTRACT NO. 5-34-3 Item 3 - UNDISCLOSED ROCK AT LATERAL STATION NO. 65+90 AT MORNING CANYON ROAD AND PACIFIC COAST HIGHWAY The Contractor encountered very hard, solid rock while excavating for a sewer lateral connection at Station No. 65+90 at Morning Canyon Road and Pacific Coast Highway. The Contractor was directed to take necessary actions to remove the rock in order to make the connection. In accordance with the General Provisions, this item is for extra work for a change in condition of tunnel work. The extra work included removing, hauling, and disposing of rock and added equipment for breaking rock. This item was accomplished by Contractor's Force Account pursuant to Section 10-6(8)(2)(b) of the 1991 General Provisions. ADDED COST THIS CHANGE ORDER ITEM: $ 9,474.00 TIME EXTENSION THIS CHANGE ORDER ITEM: 0 Calendar Days Item 4 - UNDISCLOSED ROCK AT LATERAL STATION NO. 69+73 BETWEEN MORNING CANYON ROAD AND CAMEO SHORES ROAD ON PACIFIC COAST HIGHWAY The Contractor encountered very hard, solid rock while excavating for a sewer lateral connection at Station No. 69+73 between Morning Canyon Road and Cameo Shores Road on Pacific Coast Highway. The Contractor was directed to take necessary actions to remove the rock in order to make the connection. In accordance with the General Provisions the Contractor is to be compensated for extra work for a change in condition of tunnel work. The extra work included removing, hauling, and disposing of rock and added equipment for breaking rock. This item was accomplished by Contractor's Force Account pursuant to Section 10-6(8) (2)(b) of the 1991 General Provisions. ADDED COST THIS CHANGE ORDER ITEM: $ 19,136.00 TIME EXTENSION THIS CHANGE ORDER ITEM: 0 Calendar Days "H-2" AGENDA ITEM #9(e) - DISTRICT 5 4-2" COUNTY SANITATION DISTRICTS OF ORANGE COUNTY Page 3 of 7 P. 0. BOX 8127 - 10844 ELLIS AVENUE FOUNTAIN VALLEY, CALIFORNIA 92708 CHANGE ORDER C. 0. NO. Five (5) CONTRACTOR: SILVERI 8 LE BOUEF DATE October 14, 1992 JOB: IMPROVEMENTS TO BAYSIDE DRIVE TRUNK SEWER, PHASE 3, CONTRACT NO. 5-34-3 Item 5 - SCHEDULE OF WORK WITH BONUS The Contract Special Provisions and Detailed Specifications provide a bonus/penalty clause for completion of the second tunnel section. Location and time limits are from Station 69+72.57 to Station 89+54.53, and to be completed prior to August 1, 1992. The Contractor was delayed in the construction by the rock (Item 1), but was allowed to start work ahead of schedule. This item recognizes both the early start and the delays via rock. The Contractor completed this section on June 29, 1992, 32 days ahead of the original completion date for this section. The bonus/penalty for this tunnel section is $1,000.00 per day. Therefore, the Contractor earned a total of 32 bonus days and is entitled to a bonus of $32,000.00. The Contractor accomplished this work in accordance with and pursuant to Section 52-8, Sequence of Work, of the Contract Special Provisions and Detailed Specifications. ADDED COST THIS CHANGE ORDER ITEM: $ 32,000.00 TIME EXTENSION THIS CHANGE ORDER ITEM: 0 Calendar Days Item 6 - CONNECT CITY OF NEWPORT BEACH LATERAL lr„I The City of Newport Beach requested that County Sanitation Districts of Orange County connect a city lateral at approx. Station 50+52 located at the Intersection of Pacific Coast Highway and Hazel Road. The Contractor encountered very hard solid rock while excavating for the sewer lateral connection. The Contractor was directed to take necessary actions to remove the rock in order to make the connection. The extra work included removing, hauling, and disposing of rock and added equipment for breaking rock, also for materials, labor and equipment for sewer lateral installation. (This item to be reimbursed by City of Newport Beach.) This item was accomplished by Contractor's Farce Account pursuant to Section 10-6(B)(2)(b) of the 1991 General Provisions. ADDED COST THIS CHANGE ORDER ITEM: $ 66,045.00 TIME EXTENSION THIS CHANGE ORDER ITEM: 0 Calendar Days Item 7 - RE-GRADE, REFILL, AND RE-COMPACT MEDIAN ISLAND The Contractor graded for new curb elevations between Poppy Avenue and Seaward Road in preparation to place curb/gutter per CALTRANS Standards and the contract drawings. Re-survey and re-grading were required to match the existing street contour. The data as shown in the Contract Documents was inconsistent with the actual field conditions. The added work had to be done in order to provide the proper curb height. This item was accomplished by Contractor's Force Account pursuant to Section 10-6(8)(2)(b) of the 1991 General Provisions. ADDED COST THIS CHANGE ORDER ITEM: $ 6,862.00 TIME EXTENSION THIS CHANGE ORDER ITEM: 0 Calendar Days "H-3" AGENDA ITEM #9(e) - DISTRICT 5 "H-3" COUNTY SANITATION DISTRICTS OF ORANGE COUNTY Page 4 of 7 P. 0. BOX 8127 - 10844 ELLIS AVENUE FOUNTAIN VALLEY, CALIFORNIA 92708 CHANGE ORDER C. 0. NO. Five (5) CONTRACTOR: SILVERI 8 LE BOUEF DATE October 14, 1992 JOB: IMPROVEMENTS TO BAYSIDE DRIVE TRUNK SEWER, PHASE 3, CONTRACT NO. 5-34-3 Item 8 - REPAIR TO 18-INCH WATER MAIN The Contractor encountered an 18-inch water main at a different location than indicated in the contract documents. The marked location on the street differed from its actual location. As a result, the I8-inch water main was damaged during open cut excavation. The City of Newport Beach accomplished the repair to their water line and billed the Contractor. The Contractor has paid for the damage repair. This item is for reimbursement. ADDED COST THIS CHANGE ORDER ITEM: $ 2,326.00 TIME EXTENSION THIS CHANGE ORDER ITEM: 0 Calendar Days Item 9 - REMOVAL OF EXCESS UNDISCLOSED CONCRETE ENCASEMENT �i The Contractor was directed to remove an excessively large undisclosed concrete encasement from around existing water valve located in the median island at approximate Station 238+10. The extra work included breaking, loading, and disposing of excess concrete. This item was accomplished by Contractor's Force Account pursuant to Section 10-6(B)(2)(b) of the 1991 General Provisions. ADDED COST THIS CHANGE ORDER ITEM: $ 968.00 TIME EXTENSION THIS CHANGE ORDER ITEM: 0 Calendar Days Item 10 - CURB AND SIDEWALK RETURN REPLACEMENT The Contractor formed and placed concrete for sidewalk return and handicap ramp at Marguerite Avenue and Pacific Coast Highway. This item of work was required due to the relocation of bore pit No. 1. Included in this item of work is the forming and placing of a portion of stamped concrete in the median island at the intersections of Marguerite Avenue and Pacific Coast Highway and Poppy Avenue and Pacific Coast Highway. The additional stamped concrete in this item was requested by the City of Newport Beach. This item was accomplished by Contractor's Force Account pursuant to section 10-6(B)(2)(b) of the 1991 General Provisions. ADDED COST THIS CHANGE ORDER ITEM: $ 1,581.00 TIME EXTENSION THIS CHANGE ORDER ITEM: 0 Calendar Days "H-4" AGENDA ITEM #9(e) - DISTRICT 5 "H-4" COUNTY SANITATION DISTRICTS OF ORANGE COUNTY Page 5 of 7 P. 0. BOX 8127 - 10844 ELLIS AVENUE FOUNTAIN VALLEY, CALIFORNIA 92708 CHANGE ORDER C. 0. NO. Five (5) CONTRACTOR: SILVERI 8 LE BOUEF DATE October 14, 1992 JOB: IMPROVEMENTS TO BAYSIDE DRIVE TRUNK SEWER, PHASE 3, CONTRACT NO. 5-34-3 Item 11 - EXTRA STREET STRIPING AND MARKING The Contractor was directed to provide extra striping and marking of Pacific Coast Highway as a result of extra open cut of the highway. The area includes the open cut portions due to hard rock encountered during boring operations. Also, CALTRANS required that thermo plastic traffic marking be used for the permanent marking. The contract documents did not require thermo plastic. This item was accomplished by Contractor's Force Account pursuant to Section 10-6(B) (2) (b) of the 1991 General Provisions. ADDED COST THIS CHANGE ORDER ITEM: $ 10,011.00 TIME EXTENSION THIS CHANGE ORDER ITEM: 0 Calendar Days Item 12 - PREPARATION FOR GRINDING AND A.C. CAP PAVING CALTRANS required paving operations to be in two stages. Therefore, the Contractor was directed to base pave the areas that were open cut due to hard rock encountered during the boring stages. In Stage 1, the areas were marked for location by the Districts, base paved to within one inch of final and striped for traffic control . In Stage 2, the areas were capped. The extra work consists of: grinding of the A.C. in the open cut portion plus sweeping, tack coating and final cap paving. This item, the Stage 2 work, was accomplished by Contractor's Force Account pursuant to Section 10-6(B) (2) (b) of the 1991 General Provisions. ADDED COST THIS CHANGE ORDER ITEM: $ 18,194.00 TIME EXTENSION THIS CHANGE ORDER ITEM: 0 Calendar Days TOTAL ADDED COST THIS CHANGE ORDER: $ 303,271.00 TOTAL TIME EXTENSION THIS CHANGE ORDER: 0 Calendar Days "H-5" AGENDA ITEM #9(e) - DISTRICT 5 "H-5" COUNTY SANITATION DISTRICTS OF ORANGE COUNTY Page 6 of 7 P. 0. BOX 8127 - 10844 ELLIS AVENUE FOUNTAIN VALLEY, CALIFORNIA 92708 CHANGE ORDER C. 0. NO. Five (5) CONTRACTOR: SILVERI 8 LE BOUEF DATE October 14, 1992 JOB: IMPROVEMENTS TO BAYSIDE DRIVE TRUNK SEWER, PHASE 3, CONTRACT NO. 5-34-3 The additional work contained within this Change Order can be performed incidental to the prime work and within the time allotted for the original Contract and any extensions to the Contract Time made by this and all previously issued Change Orders. It is therefore mutually agreed that no time is required for this Change Order, and no direct or indirect, incidental or consequential costs, expenses, losses or damages have been or will be incurred by Contractor, except as expressly granted and approved by this Change Order. SUMMARY OF CONTRACT TIME Original Contract Date September 10, 1991 `„,l Original Contract Time 365 Calendar Days Original Completion Date September 9, 1992 Time Extension this C.O. 0 Calendar Days Total Contract Time Extension 14 Calendar Days Revised Contract Time 379 Calendar Days Revised Final Completion Due Date September 23, 1992 Time Subject to Liquidated Damages Not Applicable Actual Final Completion Date Not Applicable Original Contract Price $ 3,267,992.00 Prev. Auth. Changes $--MY394.00 This Change (Add) (Deduct:) Amended Contract Price $ ,460 00 "H-6" AGENDA ITEM #9(e) - DISTRICT 5 "H-6" COUNTY SANITATION DISTRICTS OF ORANGE COUNTY Page 7 of 7 ' P. 0. BOX 8127 - 10844 ELLIS AVENUE FOUNTAIN VALLEY, CALIFORNIA 92708 CHANGE ORDER C. 0. NO. Five (5) CONTRACTOR: SILVERI 8 LE BOUEF DATE October 14, 19992 JOB: IMPROVEMENTS TO BAYSIDE DRIVE TRUNK SEWER, PHASE 3, CONTRACT NO. 5-34-3 Board Authorization Date: October 14, 1992 COUNTY SANITATION DISTRICTS OF ORANGE COUNTY, CALIFORNIA SUBMITTED BY: RECOMMENDED BY: ko - - 9 9-9z fl. LTigineer Date construction Manager Date APPROV D B1� APPROVED AS TO FORM: Director f Engineering Date en r I Counsel Date SILVERI 8 LE BOUEF ACCEPTED BY: contractor Date "H-7" AGENDA ITEM #9(e) - DISTRICT 5 "H-7" COUNTY SANITATION DISTRICTS OF ORANGE COUNTY Page 1 of 2 P. 0. BOX 8127 - 10844 ELLIS AVENUE FOUNTAIN VALLEY, CALIFORNIA 92708 CHANGE ORDER C. 0. N0. Three (3) CONTRACTOR: MITCHELL PACIFIC CONSTRUCTORS, INC. DATE October 14, 1992 JOB: Relocation Of Michelson Pump Station, Contract No. 7-11-2 Amount of this Change Order (Add) (Beduet) $ 73,000.00 In accordance with contract provisions, the following changes in the contract and/or contract work are hereby authorized and as compensation therefor, the following additions to or deductions from the contract price are hereby approved. Item 1 - REDUCED WORK DAY The contract documents specified certain allowable working hours during the day time for construction of the new sewer line in Michelson Drive within the City of Irvine. The working hours as stated in the contract were then changed at the direction of the City of Irvine staff from 7 a.m to 5 p.m. to 9 a.m. to 3 p.m. This change resulted in the Contractor being allowed to work fewer hours per day, with a corresponding loss of productivity. This item was negotiated pursuant to Section 10-6(B) (2)a of the General Provisions. ADDED COST THIS CHANGE ORDER ITEM: $ 73,000.00 TIME EXTENSION THIS CHANGE ORDER ITEM: - 0 Calendar Days TOTAL ADDED COST THIS CHANGE ORDER: $ 73,000.00 TOTAL TIME EXTENSION THIS CHANGE ORDER: 0 Calendar Days The additional work contained within this Change Order can be performed incidental to the prime work and within the time allotted for the original Contract and any extensions to the Contract Time made by this and all previously issued Change Orders. It is therefore mutually agreed that no time is required for this change Order, and no direct or indirect, incidental or consequential costs, expenses, losses or damages have been or will be incurred by Contractor except as expressly granted and approved by this Change Order. "I-1" AGENDA ITEM #9(f) (1) - DISTRICT 7 "I-1" COUNTY SANITATION DISTRICTS OF ORANGE COUNTY Page 2 of 2 P. 0. BOX 8127 - 10844 ELLIS AVENUE FOUNTAIN VALLEY, CALIFORNIA 92708 CHANGE ORDER C. 0. NO. Three (3) CONTRACTOR: MITCHELL PACIFIC CONSTRUCTORS, INC. DATE October 14, ITn JOB: Relocation Of Michelson Pump Station, Contract No. 7-11-2 SUMMARY OF CONTRACT TIME Original Contract Date August 7, 1991 Original Contract Time 330 Days Original Completion Date July 1, 1992 Time Extension this C.O. 0 Calendar Days Total Contract Time Extension 0 Calendar Days Revised Contract Time Not Applicable Revised Final Completion Due Date Not Applicable Time Subject to Liquidated Damages Not Applicable Actual Final Completion Date Not Applicable Original Contract Price $ 1 827 136.00 Prev. Auth. Changes $ 49125.00 This Change (Add) (Bedwet) $ Amended Contract Price $ 1, 500, 61.UO Board Authorization Date: October 14, 1992 COUNTY SANITATION DISTRICTS OF ORANGE COUNTY, CALIFORNIA SUBM TTED BY: RECOMMENDED BY: P. ' P r.r-9t En nee, eonstruction Manager Date APPROUD/ YY: APPROVED AS TO FORM: Director of n neer ng 604'L 7Z� Da a epe�(a Counsel I t Date MITCHELL PACIFIC CONSTRUCTORS, INC. U ACCEPTED BY: ontractor to "1-2" AGENDA ITEM #9(f) (1) — DISTRICT 7 "I-2" RESOLUTION NO. 92-141-7 ACCEPTING CONTRACT NO. 7-11-2 AS COMPLETE A RESOLUTION OF THE BOARD OF DIRECTORS OF COUNTY `.� SANITATION DISTRICT NO. 7 OF ORANGE COUNTY, CALIFORNIA, ACCEPTING RELOCATION OF MICHELSON PUMP STATION, CONTRACT NO. 7-11-2, AS COMPLETE AND APPROVING FINAL CLOSEOUT AGREEMENT xxxxxxxxxxxxxxxx The Board of Directors of County Sanitation District No. 7 of Orange County, California, DOES HEREBY RESOLVE, DETERMINE AND ORDER: Section 1. That the contractor, Mitchell Pacific Constructors, Inc., has completed the construction in accordance with the terns of the contract for Relocation of Michelson Pump Station, Contract No. 7-11-2, on July 1, 1992; and, Section 2. That by letter the Districts' Director of Engineering has recommended acceptance of said work as having been completed in accordance with the terns of the contract, which said recommendation is hereby received and ordered filed; and, Section 3. That Relocation of Michelson Pump Station, Contract No. 7-11-2, is hereby accepted as completed in accordance with the terms of the contract therefor, dated August 7, 1991; and, Section 4. That the Districts' Director of Engineering is hereby authorized and directed to execute a Notice of Completion therefor; and. Section 5. That the Final Closeout Agreement with Mitchell Pacific Constructors, Inc., setting forth the terms and conditions for acceptance of Relocation of Michelson Pump Station, Contract No. 7-11-2, is hereby approved and accepted in form approved by the General Counsel ; and, Section 6. That the Chairman and Secretary of District No. 7 are hereby authorized and directed to execute said agreement on behalf of the District. v PASSED AND ADOPTED at a regular meeting held October 14, 1992. OX, AGENDA ITEM #9(f) (2) .- DISTRICT 7 "J" RESOLUTION NO. 92-142-7 AWARDING CONTRACT NO. 7-14-1-1 A RESOLUTION OF THE BOARD OF DIRECTORS OF COUNTY SANITATION DISTRICT NO. 7 OF ORANGE COUNTY, CALIFORNIA, AWARDING CONTRACT FOR ABANDONMENT OF RED HILL PUMP STATION, PHASE 1, CONTRACT NO. 7-14-1-1 * * * k k * * * k * * * * f f The Board of Directors of County Sanitation District No. 7 of Orange County, California, DOES HEREBY RESOLVE, DETERMINE AND ORDER: Section 1. In accordance with the Districts' Guidelines Implementing the California Environmental Quality Act of 1970, as amended, the Board of Directors, on August 12, 1992, authorized filing a Notice of Exemption for Abandonment of Red Hill Pump Station, Phase 1, Contract No. 7-14-1-1; and, Section 2. That the written recommendation this day submitted to the Board of Directors by the Districts' Director of Engineering that award of contract be made to Silveri & LeBouef, JV, for Abandonment of Red Hill Pump Station, Phase 1, Contract No. 7-14-1-1, and bid tabulation and proposal submitted for said work are hereby received and ordered filed; and, Section 3. That the contract for Abandonment of Red Hill Pump Station, Phase 1, Contract No. 7-14-1-1, be awarded to Silveri & LeBouef, JV in the total amount of $90,732.00, in accordance with the terms of their bid and the prices contained therein; and, Section 4. That the Chairman and Secretary of the District are hereby authorized and directed to enter into and sign a contract with said contractor for said work, pursuant to the specifications and contract documents therefor, in form approved by the General Counsel ; and, Section 5. That all other bids for said work are hereby rejected. PASSED AND ADOPTED at a regular meeting held October 14, 1992. "K-1" AGENDA ITEM #9(g) - DISTRICT 7 "K-i" COUNTY SANITATION DISTRICTS .1 ORANGE COUNTY, CALIFORNIA September 15, 1992 11:00 a.m. 1p EWE AVENUE Po WX8127 NO Addenda fOUN7YN VA Er.CLL WA 927284127 VIMM 411 BID TAB E U E LATION CONTRACT NO. 7-14-1-1 PROJECT TITLE Abandonment of Red Hill Pump Station, Phase 1, Contract No. 7-14-1-1 PROJECT DESCRIPTION Install approximately 190 feet of 30-inch .lacked steel casing followed by approximate�345 feet of -inch DIP sewer pipe, including connections. ENGINEER'S ESTIMATE $140,000.00 BUDGET AMOUNT $150,000.00 CONTRACTOR TOTAL BID===="_ 1. Silveri & Le Bouef JV, Anaheim, CA $ 90,732.00 2. L & S Construction, Inc., Placentia, CA $ 92,580.00 4.� 3. G. R. McKervey, Inc. , Irvine, CA $ 97,834.00 4. BFI Constructors, Santa Ana, CA $ 98,430.00 5. Colich & Sons, Gardena, CA $101,373.00 6. Carney Brothers, Inc., Baldwin Park, CA $103,425.00 7. D. M. Kisling Construction, Laguna Beach, CA $107,000.00 8. Christeve Corp., Arcadia, CA $119,640.00 9. Atlas Allied, Inc., Anaheim, CA $129,115.00 10. Southern California Underground Contractors Inc., Apple Valley, CA $137,410.00 1 have reviewed the proposals submitted for the above protect and find that the low bid is a responsible bid. I, therefore, recommend award to Silveri & Le Bouef JV in the bid amount of $90,732.00 as the lowest and best bid. sv 4iw GG ... bmas M. Dawes s Director of Engineering "K-2" AGENDA ITEM #9(g) - DISTRICT 7 "K-2" RESOLUTION NO. 92-144 APPROVING LETTER AGREEMENT WITH PAINE-WEBBER FOR UNDERWRITING ERVICES TO RESTRUCTURE THE 1986 C P I U A JOINT RESOLUTION OF THE BOARDS OF DIRECTORS OF COUNTY SANITATION DISTRICT NOS. 1, 2, 3, 5, 6, 7 AND 11 OF ORANGE COUNTY, CALIFORNIA, APPROVING LETTER AGREEMENT WITH PAINE-WEBBER FOR UNDERWRITING SERVICES IN CONNECTION WITH RESTRUCTURING THE DISTRICTS' CAPITAL IMPROVEMENT PROGRAM 1986 CERTIFICATES OF PARTICIPATION ISSUE WHEREAS, County Sanitation Districts Nos. 1, 2, 3, 5, 6, 7 and 11 of Orange County, California, have heretofore issued Certificates of Participation to partially finance their master planned capital improvement and expansion requirements; and, WHEREAS, there have since been considerable advances in municipal debt financing techniques and Districts' long-term debt financing strategies; and, WHEREAS, to take advantage of these advances, staff and the Districts' consulting financing team members, have recommended a restructuring of the Districts Nos. 1, 2 and 3 1986 issue, and portions of the Districts Nos. 1, 2, 39 5, 6, 7 and 11 1991 Series B issue that has the potential of saving the Districts a considerable amount of money over the remaining life of said issues; and, WHEREAS, the Fiscal Policy Committee and Executive Committee have recommended that the Districts' staff financing team proceed with restructuring of said Certificates of Participation issues. NOW, THEREFORE, the Boards of Directors of County Sanitation Districts Nos. 1, 2, 3, 5, 6, 7 and 11 of Orange County, California, DO HEREBY RESOLVE, DETERMINE AND ORDER: Section 1. That the firm of PaineWebber is hereby appointed and designated as Underwriter in connection with the Refunding Certificates of "L-1" AGENDA ITEM #11(b) (1) (a) - DISTRICTS 1,2,3,5,6,7811 "LZ" Participation, 1992 Series; and, Section 2. That the terms and conditions of that certain Letter Agreement from PaineWebber, dated June 30, 1992, are hereby approved; and, Section 3. That payment for said underwriting services, for an amount not to exceed $8.50 per $1,000 certificate, for a fixed-rate restructuring, or $3.50 per $1,000 certificate for a synthetic fixed-rate restructuring, is hereby authorized; and, Section 4. That the General Manager is hereby authorized and directed to execute said Letter Agreement on behalf of the Districts. Section 5. That the Boards of Directors of Districts Nos. 1, 2 and 3 hereby rescind Resolution No. 92-90 adopted July 8, 1992. PASSED AND ADOPTED at a regular meeting held October 14, 1992. "L-2" AGENDA ITEM #11(b) (1) (a) - DISTRICTS 1,2,3,5,6,7a11 "L-2" RESOLUTION NO. 92-145 APPROVING LETTER AGREEMENT WITH MUDGE ROSE GUTHRIE ALEXANDER & FERDON TO SERVE AS THE DISTRICTS' CO-BOND COUNSEL TO RESTRUCTURE-THE-1986 COP ISSUE 1 A JOINT RESOLUTION OF THE BOARDS OF DIRECTORS OF COUNTY SANITATION DISTRICT NOS. 1, 2, 3, 5, 6, 7 AND 11 OF ORANGE COUNTY, CALIFORNIA, APPROVING LETTER AGREEMENT WITH MUDGE ROSE GUTHRIE ALEXANDER 8 FERDON TO SERVE AS CO-BOND COUNSEL IN CONNECTION WITH RESTRUCTURING THE DISTRICTS' CAPITAL IMPROVEMENT PROGRAM 1986 CERTIFICATES OF PARTICIPATION ISSUE t t t t i t t t t R R t t t R R t t t WHEREAS, County Sanitation Districts Nos. 1, 2, 3, 5, 6, 7 and 11 of Orange County, California, have heretofore issued Certificates of Participation to partially finance the master planned capital improvement and expansion requirements; and, WHEREAS, there have since been considerable advances in municipal debt financing techniques and Districts' long-term debt financing strategies; and, WHEREAS, to take advantage of these advances, staff and the Districts' consulting finance team members, have recommended a restructuring of the Districts Nos. 1, 2 and 3 1986 issue, and portions of the Districts Nos. 1, 2, 3, 5, 6, 7 and 11 1991 Series B issue that has the potential of saving the Districts a considerable amount of money over the remaining life of said issues; and, WHEREAS, the Fiscal Policy Committee and Executive Committee have recommended that the Districts' staff financing team proceed with restructuring of said Certificates of Participation issues. NOW, THEREFORE, the Boards of Directors of County Sanitation Districts Nos. 1, 2, 3, 5, 6, 7 and 11 of Orange County, California, DO HEREBY RESOLVE, DETERMINE AND ORDER: Section 1. That the firm of Mudge Rose Guthrie Alexander 8 Ferdon is hereby appointed and designated as Co-Bond Counsel with the Refunding "M-1" AGENDA ITEM 411(b) (1) (b) - DISTRICTS 1,2,3,5,6,7811 "M-1" Certificates of Participation, 1992 Series; and, Section 2. That the terms and conditions of that certain Letter Agreement from Mudge Rose Guthrie Alexander & Ferdon, dated June 18, 1992, are hereby approved; and Section 3. That payment for said special Co-Bond Counsel services, based on per diem rates, for an amount not to exceed $80,000 for a fixed-rate issue, plus an amount not to exceed $30,000 for the additional synthetic fixed-rate work, plus expenses, is hereby authorized; and, Section 4. That the General Manager is hereby authorized and directed to execute said Letter Agreement on behalf of the Districts. Section S. That the Boards of Directors of Districts Nos. 1, 2 and 3 hereby rescind Resolution No. 92-91 adopted July 8, 1992. PASSED AND ADOPTED at a regular meeting held October 14, 1992. "M-2" AGENDA ITEM #11(b) (1) (b) - DISTRICTS 1,2,3,5,6,7&11 "M-2" RESOLUTION NO. 92-146 APPROVING MEMORANDUM AGREEMENT WITH ROURKE & WOODRUFF ERV AS THE DISTRICTS' CO-BOND COUNSEL TO RES RU TUR H 1 P I UE u A JOINT RESOLUTION OF THE BOARDS OF DIRECTORS OF COUNTY SANITATION DISTRICT NOS. 1, 2, 3, 5, 6, 7 AND 11 OF ORANGE COUNTY, CALIFORNIA, APPROVING MEMORANDUM AGREEMENT WITH ROURKE & WOODRUFF TO SERVE AS CO-BOND COUNSEL IN CONNECTION WITH RESTRUCTURING THE DISTRICTS' CAPITAL IMPROVEMENT PROGRAM 1986 CERTIFICATES OF PARTICIPATION ISSUE k k k k k k * k k k k k k * k k f k k WHEREAS, County Sanitation Districts Nos. 1, 2, 3, 5, 6, 7 and 11 of Orange County, California, have heretofore issued Certificates of Participation to partially finance the master planned capital improvement and expansion requirements; and, WHEREAS, there have since been considerable advances in municipal debt financing techniques and Districts' long-term debt financing strategies; and, WHEREAS, to take advantage of these advances, staff and the Districts' consulting financing team members, have recommended a restructuring of the Districts Nos. 1, 2 and 3 1986 issue, and portions of the Districts Nos. 1, 2, 3, 5, 6, 7 and 11 1991 Series B issue that has the potential of saving the Districts a considerable amount of money over the remaining life of said issues; and, WHEREAS, the Fiscal Policy Committee and Executive Committee have recommended that the Districts' staff financing team proceed with restructuring of said Certificates of Participation issues. NOW, THEREFORE, the Boards of Directors of County Sanitation Districts Nos. 1, 2, 3, 5, 6, 7 and 11 of Orange County, California, DO HEREBY RESOLVE, DETERMINE AND ORDER: Section 1. That the firm of Rourke & Woodruff is hereby appointed and designated as Co-Bond Counsel with the Refunding Certificates of Participation, ` - "N-1" AGENDA ITEM #11(b) (1) (C) - DISTRICTS 1,2,3,5,6,7911 "N-1" 1992 Series; and, Section 2. That the terms and conditions of that certain Memorandum Agreement from Rourke & Woodruff, dated June 30, 1992, are hereby approved; and Section 3. That payment for said special Co-Bond Counsel services, in an amount not to exceed $15,000.00, is hereby authorized; and, Section 4. That the General Manager is hereby authorized and directed to execute said Memorandum Agreement on behalf of the Districts. Section 5. That the Boards of Directors of Districts Nos. 1, 2 and 3 hereby rescind Resolution No. 92-92 adopted July 8, 1992. PASSED AND ADOPTED at a regular meeting held October 14, 1992. "N-2" AGENDA ITEM #11(b) (1) (C) - DISTRICTS 1,2,3,5,6,7&11 "N-2" RESOLUTION NO. 92- APPROVING: REFUNDING CERTIFICATES OF PARTICIPATION FINANCING PURSUANT TO DISTRICTS' ADOPTED LONG-RANGE FINANCIAL PLAN, AND AGREEMENTS RELATED THERETO A RESOLUTION OF THE BOARD OF DIRECTORS OF COUNTY SANITATION DISTRICT NO. OF ORANGE COUNTY, CALIFORNIA, AUTHORIZING THE PREPARATION, EXECUTION AND DELIVERY OF REFUNDING CERTIFICATES OF PARTICIPATION, 1992 SERIES, APPROVING A TRUST AGREEMENT, AGREEMENT FOR ACQUISITION AND CONSTRUCTION, ASSIGNMENT AGREEMENT, ESCROW AGREEMENT, SWAP AGREEMENT, MUTUAL BENEFIT ADVANCES AGREEMENT, LIQUIDITY FACILITY, LIQUIDITY GUARANTY AGREEMENT, REMARKETING AGREEMENT, PRELIMINARY OFFICIAL STATEMENT AND THE DISTRIBUTION THEREOF, PURCHASE CONTRACT, AND CERTAIN ACTIONS IN CONNECTION THEREWITH WHEREAS, County Sanitation District Nos. 1, 2 and 3 of Orange County, California ("District Nos. 1, 2 and 3") have entered into an Agreement for the Acquisition and Construction of Joint Facilities, dated as of August 1, 1986 (the 111986 Agreement for Acquisition and Construction") ; and WHEREAS, District Nos. 1, 2 and 3 have caused to be delivered pursuant to a Trust Agreement, dated as of August 1, 1986, the Certificates of Participation, County Sanitation Districts Nos. 1, 2 and 3 of Orange County, California Joint Facilities Project (the 111986 Certificates") ; and WHEREAS, District Nos. 1, 2 and 3, together with County Sanitation District Nos. 5, 6, 7 and 11 (collectively, the "Participating Districts") have entered into an Agreement for Acquisition and Construction, dated as of May 1, 1991 (the 4-1991 Agreement for Acquisition and Construction") ; and WHEREAS, the Participating Districts have caused to be delivered pursuant to a Trust Agreement, dated as of May 1, 1991, the County Sanitation District Nos. 1, 2, 3, 5, 6, 7 and 11 of Orange County, California, Certificates of Participation (Capital Improvement Program, 1990-92 Series B) maturing August 1, 2013 (the "1991 Certificates") ; and "0-1" AGENDA ITEM #11 (b) (2) - DISTRICTS 1,2,3,5,6,7&11 "0-1" WHEREAS, it has been proposed that this District authorize, pursuant to a Trust Agreement, dated as of October 1, 1992, among State Street Bank and Trust Company of California, N.A. , as Trustee (the "Trustee") and the Participating Districts (the "New Trust Agreement") , the proposed form of which has been presented to this Board of Directors, the preparation, execution and delivery by the Trustee of refunding Certificates of Participation (the "New Certificates") , which New Certificates evidence and represent direct and proportionate interests in the Principal Components and Interest Components of the New Installment Payments, to provide funds sufficient, together with earnings thereon, to pay (i) interest and principal with respect to all outstanding 1986 Certificates to and including August 1, 1996 and to prepay the then remaining outstanding 1986 certificates on August 1, 1996 and providing for the prepayment of the related installment payments and (ii) interest and principal with respect to all outstanding 1991 Certificates to and including August 1, 2001 and to prepay the then outstanding 1991 Certificates on August 1, 2001, and providing for the prepayment of the related installment payments; and WHEREAS, District Nos. 1, 2 and 3 propose to acquire certain improvements to joint facilities and certain other public improvements constituting the project described in Appendix B to the 1986 Agreement for Acquisition and Construction (the "1986 Project") individually and in conjunction with District Nos. 1, 2 and 3; and WHEREAS, this District proposes to acquire certain improvements to joint facilities and certain other public improvements constituting a portion of the project described in Exhibit A to the 1991 Agreement for Acquisition and Construction (the 111991 Project") individually and in conjunction with the Participating Districts (the 1986 Project and the 1991 Project shall be referred to herein as the "Project") ; and WHEREAS, the Participating Districts propose to finance the acquisition of the Project; and WHEREAS, it has been proposed that the District in concert with the other Participating Districts acquire the Project pursuant to an Agreement for Acquisition and Construction, dated as of October 1, 1992, by and among the Participating Districts (the "New Acquisition Agreement") , the proposed form of which has been presented to this Board of Directors, pursuant to which the Participating Districts will agree to make certain installment payments (the "New Installment Payments") in connection therewith; and WHEREAS, it has been proposed that the District grant, assign and transfer all of its rights to receive the New Installment Payments from Net Enterprise Revenues, including, to :uaeo�wwa.o�c�a...aoo 2 "0-2" AGENDA ITEM #11 (b) (2) - DISTRICTS 1 ,2,3,5,6,7&11 "0-2" the fullest extent permitted by law, ad valorem property taxes pledged to the payment of such New Installment Payments) to the Trustee pursuant to an Assignment Agreement, dated as of October 1, 1992, by and among the Participating Districts and the Trustee (the "Assignment Agreement") , the proposed form of which has been presented to this Board of Directors; and WHEREAS, it has been proposed that certain proceeds received from the sale of the New Certificates and certain other moneys be deposited in an escrow fund to be held by the Trustee pursuant to an Escrow Agreement, dated as of October 1, 1992, by and among the Participating Districts and the Trustee, as Escrow Agent (the "Escrow Agreement") , the proposed form of which has been presented to this Board of Directors; and WHEREAS, it has been proposed that the District, in concert with the other Participating Districts, enter into an Interest Rate Swap Agreement among AIG Financial Products Corporation ("AIG-FP") and the Participating Districts (the "Swap Agreement") , pursuant to which the Participating Districts will pay a fixed rate to AIG-FP and AIG-FP will pay the variable interest rate on the New Certificates to the Participating Districts, the proposed form of which Swap Agreement has been presented to this Board of Directors; and WHEREAS, it has been proposed that this District, in concert with the Participating Districts, enter into a Mutual Benefit Advances Agreement, dated as of October 1, 1992, by and among the Participating Districts (the "Advances Agreement") (sometimes referred to as a "cross-collateralization agreement") , pursuant to which the Participating Districts agree to make certain advances of funds as needed to meet payment obligations of the other Participating Districts in connection with the delivery of the New Certificates, the proposed form of which Advances Agreement has been presented to this Board of Directors; and WHEREAS, there has been presented to this Board of Directors a Preliminary Official Statement relating to the New Certificates (the "Preliminary Official Statement") ; and WHEREAS, in order to secure the payment under certain circumstances of the purchase price of the New Certificates, the Participating Districts may enter into a letter of credit, liquidity facility or similar arrangement (the "Liquidity Facility") to be issued by one or more liquidity providers (the "Liquidity Provider") , the proposed form of which Liquidity Facility has been presented to this Board of Directors; and WHEREAS, it has been proposed that the District, in concert with the Participating Districts, enter into a Liquidity Guaranty Agreement among AIG-FP and the Participating Districts (the "Liquidity Guaranty") , pursuant to which AIG-FP will provide ���aemaawe.u�.w.as 3 "0-3" AGENDA ITEM #11(b) (2) - DISTRICTS 1 ,2,3,5,6,7&11 "0-3" assurance as to the liquidity support for the New Certificates after the expiration of the initial Liquidity Facility, the proposed form of which Liquidity Guaranty has been presented to this Board of Directors; and WHEREAS, in order to secure the payment of principal and interest with respect to the New Certificates, the Participating Districts may obtain municipal bond insurance; and WHEREAS, to facilitate the remarketing of the New Certificates, the Participating Districts may enter into a Remarketing Agreement, dated as of October 1, 1992 by and among the Participating Districts and PaineWebber Incorporated as Remarketing Agent (the "Remarketing Agent") (the "Remarketing Agreement") , the proposed form of which has been presented to this Board of Directors; and WHEREAS, it has been proposed that PaineWebber Incorporated (the "Underwriter") purchase the New Certificates pursuant to a Certificate Purchase Agreement among the Underwriter and the Participating Districts (the "Purchase Contract") , the proposed form of which has been presented to this Board of Directors; and WHEREAS, it is proposed that the terms of the financing contemplated by the foregoing shall be subject to the limitations set forth in Section 3 hereof; and WHEREAS, this District has determined that it is in the best interest of this District and the residents within the District to approve the Preliminary Official Statement and authorize and approve the transactions contemplated thereby; and NOW, THEREFORE, the Board of Directors of District No. _ does hereby resolve as follows: Section 1: That the New Trust Agreement, the New Acquisition Agreement, the Assignment Agreement, the Escrow Agreement, the Swap Agreement, the Advances Agreement, the Liquidity Facility, the Liquidity Guaranty, the Purchase Contract and the Remarketing Agreement, in the forms presented to this Board of Directors, are hereby approved. The Chairman or Chairman pro tempore and the Board Secretary or a Deputy Board Secretary are authorized for and in the name of the District to execute and deliver said agreements. The agreements shall be executed in the forms hereby approved, with such additions thereto and changes therein as are (i) approved in accordance with Section 3 hereof, such approval to be conclusively evidenced by the execution and delivery thereof or (ii) recommended by Special Counsel to the Participating Districts and approved by such officers, such approval to be conclusively evidenced by the execution and delivery thereof. ���aemwwe.wc�ne.es 4 "0-4" AGENDA ITEM #11(b) (2) - DISTRICTS 1 ,2,3,5.6,7&11 "0-4" Section 2: That this Board of Directors hereby authorizes the preparation, execution and delivery of the New Certificates in accordance with the terms and provisions of the New Trust Agreement (as executed and delivered) . Section 3: (a) The agreements referred to in Section 1 and of this Resolution shall, when executed and delivered pursuant hereto, contain such additions and changes as shall have been approved by the General Manager of the Participating Districts (or, in the absence of the General Manager, the Director of Finance) (the "Manager") , subject to the following limitations: (i) the aggregate principal amount of the New Certificates executed and delivered by the Participating Districts pursuant hereto shall not exceed $170, 000,000; (ii) the initial interest rate with respect to the New Certificates shall not exceed 5.00% and the fixed rate payable by the Participating Districts with respect to the Swap Agreement shall not exceed 6. 00%; (iii) the annual fee to the Remarketing Agent shall not exceed 0.075% per annum; (iv) the annual fee to the Liquidity Provider, which provider shall be selected by the Manager, shall not exceed 0.25% per annum of the stated amount of such Liquidity Facility; (v) the final New Installment Payment of the District under the New Acquisition Agreement shall be due and payable not later than December 2013; (vi) the Underwriter's discount (excluding any original issue discount) under the Purchase Contract shall not exceed 0.35% of the aggregate principal amount of the New Certificates; (vii) if the Manager shall decide to obtain municipal bond insurance with respect to all or any portion of the financing, the premium for such insurance shall not exceed 0.27% of the payments insured; and (viii) the annual fee payable to AIG-FP under the Liquidity Guaranty in the event the Liquidity Facility is terminated shall not exceed 0.25%. (b) The terms approved in paragraph (a) of this Section 3 shall produce for the Participating Districts a present value .AlOBO"MR.9W_m .d 5 "0-5" AGENDA ITEM #11 (b) (2) - DISTRICTS 1 ,2,3,5,6,7811 "0-5" savings from the advance refunding of the 1986 Certificates and the 1991 Certificates (after reduction for projected potential reserve fund earnings losses) of not less than 2.00% of the principal amount (production) of the New Certificates. Section 4: The Preliminary Official Statement presented to this Board of Directors is hereby approved, and the distribution of said Preliminary Official Statement (with such additions and changes as are consistent with this Resolution and the limits prescribed herein and approved by the Manager) to prospective purchasers of the New Certificates is hereby approved. Section 5: The Chairman or Chairman pro tempore is authorized to execute and deliver a final Official Statement in accordance with the Purchase Contract in substantially the form of the Preliminary Official Statement, with such additions thereto and changes therein as are consistent with this Resolution and the limits prescribed herein or recommended by Special Counsel to the Districts and approved by such officers, such approval to be conclusively evidenced by the execution and delivery thereof. Section 6: That this Board of Directors hereby appoints State Street Bank and Trust Company of California, N.A. as the Trustee under the New Trust Agreement. Section 7: The revenues of this District, pursuant to the Resolution of the District Dedicating its Revenues for the Payment of Obligations adopted May 13, 1992, are dedicated to the payment of all obligations of the District under the agreements referred to in Section 1 of this Resolution, in accordance with such Resolution. Section 8: The Chairman, Chairman pro tempore, Board Secretary and any other officer, official or member of the staff of the District is each authorized and directed, jointly and severally, to do any and all things and to execute and deliver any and all documents which they may deem necessary and advisable in order to effectuate the purposes of this Resolution, and such actions previously taken by such officers are hereby ratified and confirmed. cAIOSO9WAMCw-R .dm 6 "0-6" AGENDA ITEM #11(b) (2) - DISTRICTS 1 ,2,3,5,6,7a11 "0-6" Section 9: This Resolution shall take effect immediately upon its adoption. PASSED AND ADOPTED at a regular meeting held October 14, 1992. Guaaww.vsoogsa., 7 1 1 `mod "0-7" AGENDA ITEM #11(b) (2) - DISTRICTS 1,2,3,5,6,7&11 "0-7" RESOLUTION NO. 92-140-5 AWARDING CONTRACT NOS. 5-32 AND 5-33 �J A RESOLUTION OF THE BOARDS OF DIRECTORS OF COUNTY SANITATION DISTRICTS NOS. 5 AND 6 OF ORANGE COUNTY, CALIFORNIA, AWARDING CONTRACT FOR IMPROVEMENTS TO BITTER POINT AND ROCKY POINT PUMP STATIONS, CONTRACT NO. 5-32, AND IMPROVEMENTS TO BAY BRIDGE PUMP STATION, CONTRACT NO. 5-33 The Boards of Directors of County Sanitation Districts Nos. 5 and 6 of Orange County California, DO HEREBY RESOLVE, DETERMINE AND ORDER: Section 1. That the proposed construction contract is for a. project which is a portion of the previously-approved Collection, Treatment and Disposal Facilities Master Plan. The project is to be constructed as per the Master Plan approval. In accordance with the California Environmental Quality Act of 1970, as amended, and Section 15090 of the Districts' Guidelines, the Program Environmental Impact Report on the Collection, Treatment and Disposal Facilities Master Plan covering this project was approved by the District's Board of Directors on July 19, 1989; and, Section 2. That the written recommendation this day submitted to the Boards of Directors by the Districts' Director of Engineering that award of contract be made to Uhler, Inc. for Improvements to Bitter Point and Rocky Point Pump Stations, Contract No. 5-32, and Improvements to Bay Bridge Pump Station, Contract No. 5-33, and bid tabulation and proposal submitted for said work are hereby received and ordered filed; and, Section 3. That the contract for Improvements to Bitter Point and Rocky Point Pump Stations, Contract No. 5-32, and Improvements to Bay Bridge Pump Station, Contract No. 5-33, be awarded to Uhler, Inc. in the total corrected amount of $1,765,757.00, in accordance with the terms of their bid and the `..� prices contained therein; and, "P-1" AGENDA ITEM #28(C) - DISTRICTS 5 6 6 "P-1" Section 4. That the Chairman and Secretary of District No. 5, acting for Itself and on behalf of District No. 6, are hereby authorized and directed to enter into and sign a contract with said contractor for said work, pursuant to the specifications and contract documents therefor, in form approved by the General Counsel ; and, Section 5. That all other bids for said work are hereby rejected. PASSED AND ADOPTED at a regular meeting held October 14, 1992. "P-2" AGENDA ITEM #28(C) - DISTRICTS 5 8 6 "P-2" COUNTY SANITATION DISTRICTS 41 ORANGE COUM CAUFORNIA September 15, 1992 11:00 d.m. 19 ELUSAVENUE PO 80M 8127 One Addendum FOUNTAIN"G Y,C FORMA 927 127 014199E4411 8I0 T A B U L A T I ON SHEET CONTRACTS NOS. 5-32 & 5-33 PROJECT TITLE Im rovements Ie Bitter Point and Rock Point Pum Stations, Contract No. 5- 2, and Improvements to Bayside Drive Pump tation, Contract No. 5-33 PROJECT DESCRIPTION Architectural , structural , mechanical , and electrical rehabilitation of three pump stations in Districts Nos. 5 and 6 ENGINEER'S ESTIMATE $1.85 million BUDGET AMOUNT $1.90 million CONTRACTOR TOTAL BID 1. Uhler, Inc., Lake Forest, CA $1,765,757.00* 2. Schuler Engineering Corporation, Riverside, CA $1,769,240.50* �..✓ 3. Team Construction Corporation, Garden Grove, CA $1,832,954.00* 4. Advanco Constructors, Inc. , Upland, CA $1,856,026.50* 5. Colich & Sons, Gardena, CA $1,925,395.60 6. Pascal & Ludwig, Ontario, CA $1,979,000.00 *Corrected totals--mathematical errors. I have reviewed the proposals submitted for the above project and find that the low bid is a responsible bid. I , therefore, recommend award to Uhler Inc. in the bid amount of $1,765,757.00 as the lowest and best bid. /�4dl—b� 0, Thomas M. Dawes Director of Engineering "P-3" AGENDA ITEM #28(c) - DISTRICTS 5 & 6 "P-3" RESOLUTION NO. 92-139-5 APPROVING PLANS AND SPECIFICATIONS FOR CONTRACT NO. 5- 5- A RESOLUTION OF THE BOARD OF DIRECTORS OF COUNTY SANITATION DISTRICT NO. 5 OF ORANGE COUNTY, CALIFORNIA, APPROVING PLANS AND SPECIFICATIONS FOR SOUTH COAST TRUNK SEWER, PHASE 2, CONTRACT NO. 5-35-2 i t i f t i f t i f i i t f t t WHEREAS, The Keith Companies, District's engineers, have completed preparation of the plans and specifications for South Coast Trunk Sewer, Phase 2, Contract No. 5-35-2. NOW, THEREFORE, the Board of Directors of County Sanitation District No. 5 of Orange County, California, DOES HEREBY RESOLVE, DETERMINE AND ORDER: Section 1. That the project for South Coast Trunk Sewer, Phase 2, Contract No. 5-35-2, is hereby approved. Said project was included in the Environmental Impact Report on the Master Plan Report for District No. 5 and the Southern Half of District No. 6, approved by the Board of Directors on June 13, 1984. A Notice of Date mnination was filed by the Secretary on July 27, 1984, in accordance with the District's Guidelines Implementing the California Environmental Quality Act of 1970, as amended; and, Section 2. That the detailed plans, specifications and contract documents this day submitted to the Board of Directors by The Keith Companies, District's engineers, for construction of South Coast Trunk Sewer, Phase 2, Contract No. 5-35-2, are hereby approved and adopted; and, Section 3. That the Secretary be authorized and directed to advertise for bids for said work pursuant to the provisions of the Public Contracts Code of the State of California; and, Section 4. That the General Manager be authorized to establish the date and time at which said bids will be publicly opened and read; and, Section S. That the Secretary and the District's Director of Engineering or his designee be authorized to open said bids on behalf of the Board of Directors. PASSED AND ADOPTED at a regular meeting held October 14, 1992. "Q" AGENDA ITEM #31(b) - DISTRICT 5 „Q„ RESOLUTION NO. 92-143-7 \� A RESOLUTION OF THE BOARD OF DIRECTORS OF COUNTY SANITATION DISTRICT NO. 7 OF ORANGE COUNTY, CALIFORNIA, AUTHORIZING THE ACQUISITION OF EASEMENT/ASSESSOR'S PARCEL NOS. 503-532-05 AND 503-541-08 - LOT A, TRACT 5369 (COWAN HEIGHTS) - DISTRICT SEWER GRAVITY LINE PROJECT WHEREAS, the acquisition of an easement with respect to Assessors Parcel Nos. 503-532-05 and 503-541-08 is needed for public use, namely to be utilized to construct a gravity sewer line; and, WHEREAS, state law authorizes the use of eminent domain for acquisition of an easement for the above stated purposes; and, WHEREAS, notice of an opportunity to be heard was given to the \J easement owner pursuant to Code of Civil Procedure Section 1245.235. NOW, THEREFORE, the Board of Directors of County Sanitation District No. 7 of Orange County, California, DOES HEREBY RESOLVE, DETERMINE AND ORDER: Section 1. - Public Use. The public use for which an easement is necessary is for the construction of a gravity sewer line. Section 2. - Description of Easement and Extent of Easement to be Taken. The easement to be taken is set forth in Exhibit A attached and incorporated herein by reference. (FN48) "R-1" AGENDA ITEM #34(c) - DISTRICT 7 "R-1" Resolution No. 92-143-7 Page 2 Section 3. - Statutory Findings. The Board of Directors of District 7 makes the following additional findings: (a) The public interest requires the construction of a gravity sewer line; (b) The proposed project is planned and located in a manner that will be most compatible with the public good and the least private injury; (c) The easement described above is necessary for the construction of a gravity sewer line; (d) A offer of purchase of the easement has been made to the owner of the easement pursuant to Government Code Section 7267.2. Section 4. - Authorization. The General Manager and District Counsel are authorized and directed to perform all acts necessary, on behalf of District 7, for the acquisition of said easement, and said General Manager and District Counsel are further authorized to prepare, institute and prosecute to conclusion on behalf of District 7, an action in eminent domain, or such proceedings as may be required for the acquisition of the easement described herein, or interest in such easement, which cannot be acquired by negotiation of purchase, to do any and all other things in connection with such proceedings as in our judgment may be necessary or convenient to the successful conclusion of said proceedings. auu> "R-2" AGENDA ITEM #34(C) - DISTRICT 7 "R-2" e Resolution No. 92-1e3-7 Page 3 \.-/ Section 5. - Expenditure Funds. The General Manager is hereby authorized to expend funds available to District 7 for the acquisition of real properties described herein. Section 6. - Recording. The Clerk to the Board of Directors of District 7 is hereby authorized and directed to record a certified copy of this Resolution in the Office the County Recorder, County of Orange. PASSED AND ADOPTED at a regular meeting held , 1992. "R-3" AGENDA ITEM #34(C) - DISTRICT 7 "R-3" I COUNTY SANITATION `.. DISTRICTS NOS. 1, 2, 3, 5, 6, 7, 11, 13 AND 14 OF ORANGE COUNTY, CALIFORNIA MINUTES OF THE REGULAR MEETING ON SEPTEMBER 9, 1992 PNSTATIpA, � 4,�`ye4°lime pi�pls . U N N ppgA'GE coV ADMINISTRATIVE OFFICES 10844 ELLIS AVENUE FOUNTAIN VALLEY, CALIFORNIA ROLL CALL A regular meeting of the Boards of Directors of County Sanitation Districts Nos. 1, 2, 3, S. 6, 7, 11, 13 and 14 of Orange County, California, Was held on September 9, 1992, at 7:30 p.m., in the Districts' Amninistrative Offices. Following the Pledge of Allegiance and invocation the roll was called and the Secretary reported a quorum present for Districts Nos. 1, 2, 3, 5, 6, 7, 11, 13 and 14 as foll ws: \ftw" ACTIVE DIRECTORS ALTERNATE DIRECTORS DISTRICT NO. 1: x Dan Grtset, Chat rnan _Robert Richardson x Fred Barrera, Chairman pro tem Gene Beyer -7--Thomas _ R. Saltarellf Leslie A. Pontious =Roger Stanton —Don R. Roth z James A. Wahner —James Ferryman DISTRICT NO. 2: x Henry W. Medea, Chat roan John M. Gullixson %John Collins, Chairman pro tan —George Scott x Fred Barrera —Gene Beyer ` a Buck Catlin —_Chris Norby %Barry Genes Bab Bell %William D. Mahoney —_James H. Flora %Robert H. Main _Norman Culver %C arrey J. Nelson Glenn Parker -7--Arthur G. Newton —John 0. Tynes %Iry Pickler —Fred Hunter =Miguel Pulido —Dan Grtset 7--Roger Stanton _Don R. Roth DISTRICT NO. 3: x Sal A. Saplen, Chairman Harry M. Dotson %Burnie Dunlap, Chairman pro tem —Carrey J. Nelson a Buck Catlin —Chris Herby %John Collins —George Scott 7—Norman Culver —Robert H. Main =James V. Evans —Margie L. Rice u %James H. Flora —William D. Mahoney =Don R. Griffin —Rhonda J. McCune x Frank Laszlo —Gwen A. Forsythe Pat McGuigan z Robert Richardson x Eva G. Miner —_Larry Herman x Richard Partin Cecilia L. Age �J x Iry Pickier —Fred Hunter =Jim Silva Earle Robitaille %Roger Stanton —Don R. Roth x Charles Sylvia _Ronald Bates DISTRICT MD. 5: x Ruthelyn Plummer, Chairman Evelyn Hart -7—Phil Sansone, Chairman pro tan —John C. Cox, Jr. 7--Don R. Roth —Roger Stanton DISTRICT NO. 6: x James A. Mahner, Chairman _Dick Sherrick =Evelyn Hart, Chat roan pro tan Ruthelyn Plummer x Don R. Roth —Roger Stanton DISTRICT MD. 7: x m Charles E. Puckett, Chat an Thomas R. Saltarelli =James A. Wahner, Chatrmen pro tan _Nate Reade x Fred Barrera Gene Beyer %John C. Cox, Jr. —_Ruthelyn Plummer x Robert Richardson Miguel Pulido =Don R. Roth —Roger Stanton x Sally Anne Sheridan _Barry Hammond DISTRICT MD. 11: x Grace Winchell, Chairman _Linda Moulton-Patterson =Jack Kelly, Chairman pro tem Don MacAllister =Roger Stanton _Don R. Roth DISTRICT NO. 13: x John M. Gullixson, Chairman Henry W. Medea %Fred Barrera, Chairman pro tan _Gene Beyer Glenn Parker x Burnie Dunlap xlry Pickier Fred Hunter =Don R. Roth _Roger Stanton DISTRICT NO. 14: x Peer A. Swan, Chat nan _Darryl Miller =Leslie A. Pontious, Chatrman pro tem Charles E. Puckett =Fred Barrera —RogerGene Beyer =Don R. Roth _ Stanton =Sally Anne Sheridan _Barry Hammond -2- 09/09/92 STAFF MEMBERS PRESENT: J. Wayne Sylvester, General Manager, Blake P. Anderson, Thomas M. Dawes, Gary G. Streed, Penny Kyle, Assistant Board Secretary, Corrine Clawson, Gary Hasenstab, Ed Hodges, Jahn Linder, Margie Nellor, Bob Ooten, Mary Simpson, Chuck Wlnsor OTHERS PRESENT: Thomas L. Woodruff, General Counsel , Mary Lee, Rayeke Mazarei , Dick Sherrick, Phil Stone, Richard - von Langen x x x x x x x x x x x x x DISTRICT 13 Moved, seconded and duly carried: Receive and file minute excerpt re Board Appointments That the minute excerpt from the City of Anaheim re appointment of alternate Director, be, and is hereby, received and ordered filed, as follows: (*Mayor) Active Director Alternate Director Iry Pickler Fred Hunter* U ALL DISTRICTS Chairman Mahoney recognized Gary G. Presentation of service pfn to Streed, Director of Finance, for District employee Gary G. Streed 25 years of outstanding service to the Districts. Gary heads up the Districts' Finance Department and is responsible for all accounting and financial activities, as well as the Purchasing and Warehouse Division and the Management Information Services Division. He then presented Mr. Streed with a 25-year service pin. ALL DISTRICTS Joint Chairman Mahoney regretfully Report of the Joint Chairman announced that Jim McGuigan, husband of Director Pat McGuigan and long-time Orange County attorney, had passed away. Chairman Mahoney then extended the Directors' and staff's condolences to Director McGuigan. Chairman Mahoney then announced that Districts 1, 2, 3, 5, 6, 7 and 11 would be adjourning to Wednesday, September 16, 1992 at 7:30 p.m. to consider possible action to adjust Districts sewer service user fees for 1992-93 in response to the State's confiscation of Districts' property taxes. He also reported that the Executive Committee was scheduled to meet on Wednesday, September 23rd, at 5:30 p.m. He further stated that the Conservation, Recycle and Reuse Committee was scheduled to meet on Tuesday, September 29th, at 5:30 p.m. -3- 09/09/92 ALL DISTRICTS The General Manager requested that a Report of the General Manager brief status report be given to the Directors by the Director of Finance regarding the sale of the Series C Certificates of Participation (COP) which recently took place. Mr. Streed referred the Directors to a booklet included in their meeting folders that evening which summarized the sale of the Series C $98.5 million variable rate COPS. He reported the market was active the day of the sale with all COPS sold by 8:00 a:m. The initial interest rate was 2.7%, which Is reset daily. Despite the large supply of bonds on the market, the interest rate had not exceeded 3.0% and staff was continuing to monitor the rates. He further reported that the COPS were rated AAA and Aaa by the rating agencies because of the insurance provisions. DISTRICT 1 - There being no corrections or Approval of Minutes amendments to the minutes of the regular meeting held August 12, 1992, the Chairman ordered that said minutes be deemed approved, as mailed. Director Roger R. Stanton requested that his abstention from voting on this item be made a matter of record. DISTRICT 2 There being no corrections or Approval of Minutes amendments to the minutes of the regular meeting held August 12. 1992, the Chairman ordered that said minutes be deemed approved, as mailed. Director Roger R. Stanton requested that his abstention from voting on this item be made a matter of record. DISTRICT 3 There being no corrections or Approval of Minutes amendments to the minutes of the regular meeting held August 12, 1992, the Chairman ordered that said minutes be deemed approved, as mailed. Director Roger R. Stanton requested that his abstention from voting on this item be made a matter of record. DISTRICT 5 There being no corrections or Approval of Minutes amendments to the minutes of the regular meeting held August 12, 1992, the Chairman ordered that said minutes be deemed approved, as mailed. DISTRICT 6 There being no corrections or Approval of Minutes amendments to the minutes of the regular meeting held August 12, 1992, the Chairman ordered that sai'd minutes be deemed approved, as mailed. DISTRICT 7 There being no corrections or Approval of Minutes amendments to the minutes of the regular meeting held August 12, 1992, the Chairman ordered that said minutes be deemed approved, as mailed. -4- 09/09/92 DISTRICT 11 There being no corrections or Approval of Minutes amendments to the minutes of the regular meeting held August 12, 1992, the Chairman ordered that said minutes be deemed approved, as mailed. Director Roger R. Stanton requested that his abstention from voting on this item be made a matter of record. DISTRICT 13 There being no corrections or ' Approval of Minutes amendments to the minutes of the regular meeting held August 12, 1992, the Chairman ordered that said minutes be deemed approved, as mailed. DISTRICT 14 There being no corrections or Approval of Minutes amendments to the minutes of the regular meeting held August 12, 1992, the Chairman ordered that said minutes be deemed approved, as mailed. ALL DISTRICTS Moved, seconded and duly carried: Ratification of payment of Joint and Individual District Claims That payment of Joint and individual District claims set forth on pages "A" and "B" attached hereto and made a part of these minutes, and summarized below, be, and are hereby, ratified by the respective Boards in the amounts so indicated. 8/12/92 8/26/92 ALL DISTRICTS Joint Operating Fund - $1,003,566.85 $ 826,685.01 Capital Outlay Revolving Fund - 2,815,662.45 2,679,507.83 Joint Working Capital Fund - 145,981.49 157,907.44 Self-Funded Insurance Funds - -0- 101,023.30 DISTRICT NO. 1 - 595.00 46,763.65 DISTRICT - 15,165.99 178,105.11 DISTRICT NO. 3 - 24,773.87 27,888.33 DISTRICT NO. 5 - 15,583.92 165,259.88 DISTRICT NO. 6 - -0- 26.69 DISTRICT NO. 7 - 1,885,011.37 14,984.20 DISTRICT NO. 11 - 6,691.01 677.18 DISTR—I T� - -0- -0- D15TRICT NO. 14 - 6,952.04 430,455.85 DISTRICTS NOS. 5 8 6 JOINT - 203.65 3,838.74 DISTRICT NOS. 6 8 7 JOINT - 3,813.12 -0- DISTRI TS NOS. 7 8 14 JOINT - 170.39 5 430.74 _5, 24,171.15 4,638,55 .F -5- �% 09/09/92 ALL DISTRICTS Moved, seconded and duly carried: warding Microcomputer Hardware, Software and Associated That the bid tabulation and Pe ri herals, S etification recommendation re award of purchase No. E-219, to Golden tar order contract for Microcomputer Technology, Inc. Hardware, Software and Associated Peripherals, Specification No. E-219, be, and is hereby, received and ordered filed; and, FURTHER MOVED: That said purchase order contract be, and is hereby, awarded to Golden Star Technology, Inc. for 11 systems, for a total amount not to exceed $55,853.00 plus sales tax. ALL DISTRICTS Moved, seconded and duly carried: Authorizing staff to issue purchase order to Beckman Instruments, Inc. That staff be, and is hereby, Tor Purchase of One Tabletop 0 tima authorized to issue a purchase order TL ultracentrifuge Specification to Beckman Instruments, Inc. in No. E-Z the amount of $42,966.00 plus sales tax, for Purchase of One Tabletop Optima TL Ultracentrifuge (Specification No. E-220). ALL DISTRICTS Director John Collins expressed Actions re Chan a Orders for concern over the amount of and reasons 0 NOS. J-1 • J-1 -1; Pl-J4-J, for various items included on change P1-3 - and J- 1; and 2-42-1 orders on Job Nos. J-17; J-19-1; P1-34-3, P1-35-2 and J-21; and P2-42-1. He stated the Districts' cost for items added on are almost always �✓ higher than if included in the original bid amount. His intention, he concluded, was to focus staff's and consulting design engineers' attention and awareness that the Directors would be very critical of engineering design errors and omissions. A general discussion of the nature of change orders pertaining to large construction projects took place and the following actions were taken: Approving Change Order No. 12 to Director Collins requested that the lans and s ecifications for Item Nos.. 5, 6, 8 and 9 be Job No. J-17 included with the other cost recovery Item Nos. 1, 39 7, 10, 11, 12 and 13 for negotiation with the consultant with a follow-up report to the Directors on the outcome of said negotiations. It was then moved, seconded and duly carried: That Change Order No. 12 to the plans and specifications for Central Laboratory, Job No. J-17, authorizing an addition of $58,714.00 to the contract with J. R. Roberts Corporation for 15 items of additional work, and granting a time extension of 72 calendar days for completion of said additional work, be, and is hereby, approved. -6- 09/09/92 A rovin Chan a Order No. 13 to Director Collins requested that the 0 ans and specifications for Item Nos. 1, 2, 3 and 4 be Job NO. J-19-1 included with Item No. 5 for cost recovery negotiations with the design consultant with a follow-up report to the Directors on the outcome of said negotations. It was then moved, seconded and duly carried: That Change Order No. 13 to the plans and specifications for Central ' Power Generation System at Plant No. 1, Job No. J-19-1, authorizing an addition of $46,279.00 to the contract with Hunter Corporation for five items of additional work, be, and is hereby, approved. A rovin Chan a Order No. 13 to Director Collins requested that the ans and specifications for Item Nos. 1 and 2 of Change Order Job NOS. P1- 4- P1-35-2 and - 1 No. 13 be negotiated for cost recovery with the design consultant, with a follow-up report to the Directors on the outcome of said negotiations. It was then moved, seconded and duly carried: That Change Order No. 13 to the plans and specifications for Construction of Digesters Nos. 11-16 at Reclamation Plant No. 1, Job l i No. PI-34-3; Rehabilitation of Digesters 9 and 10 at Reclamation Plant �••✓ No. 1, Job No. P1-35-2; and Installation of Waste Digester Gas Flare Facilities at Plants 1 and 2, Job No. J-21, authorizing an addition of $15,957.00 to the contract with Advanco Constructors, Division of Zurn Constructors, Inc. , for two items of additional work, be, and is hereby, approved. A rovin Chan a Order No. 5 to the Director Collins requested that tans and s ecificat ons Tor negotiations for Item No. 5 be Job No. P -4 -1 included with the other Items Nos. 2, 3 and 6 for cost recovery from the design engineer, with a follow-up report to the Directors on the outcome of said negotiations. It was then moved, seconded and duly carried: That Change Order No. 5 to the plans and specifications for Electrification of Pump Drives at Treatment Plant No. 2, Job No. P2-42-1, authorizing an addition of $17,689.00 to the contract with Ziebarth 8 Alper and C. S. Alper Construction Co. , Inc. , for six items of additional work, be, and is hereby, approved. -7- 09/09/92 ALL DISTRICTS Moved, seconded and duly carried: Approving Addendum No. 1 to the Pro essional ervices A reement That the Boards of Directors hereby with Bo le n neerin Cor ora ion adopt Resolution No. 92-127, for prepa rat on of Wastewater approving Addendum No. 1 to the Quality. Diversion and Treatment Professional Services Agreement with u 1 Boyle Engineering Corporation for preparation of Wastewater Quality, Diversion and Treatment Study, providing for a reallocation of the costs among categories within said agreement, with no change in the maximum authorized compensation of $88,055.00. Said resolution, by reference hereto, is hereby made a part of these minutes. ALL DISTRICTS Moved, seconded and duly carried: Receive file and approve written report of the iscai Policy That the written report of the Fiscal Committee Policy Committee's meeting held on September 2, 1992, be, and is hereby, received, ordered filed and approved. DISTRICTS 1. 2, 3. 5. 6, 7 8 11 Actions re ro osed ordinances amend ng or nances increasing sanitary sewer service Charges to replace Districts' property taxes confiscated 6y the State Verbal report of staff and The General Counsel reported that, eneral Counsel pursuant to the recommendations �...� of the Fiscal Policy and Executive Committees the proposed ordinances to increase the Districts' 1992-93 sanitary sewer service charges to make up for Districts' property taxes confiscated by the State were being introduced for the first reading tonight. The Districts would then adjourn to Wednesday, September 16, 1992 at 7:30 p.m. to hold the second reading, a public hearing and then consider the ordinances for adoption. If adopted, the effective date would be October 16, 1992, 30 days following adoption. In response to Directors' questions regarding the scheduling for consideration of sewer service fee adjustment ordinances, Mr. Woodruff explained that the introduction of the ordinances at this meeting was needed because of certain provisions in the recently approved State budget. The budget includes a tax shift that generally calls for taking between 35% and 40%, not to exceed 10% of total revenue, from special districts' ad valorem tax revenue. Part of that bill provided that those special districts, such as the Sanitation Districts, that collect their annual sewer service fees on the tax roll have until October 1, 1992 to submit the necessary data to the Auditor's office for inclusion on the 1992-93 tax bill. If this deadline is not met, then the fees could not be adjusted and collected for the Districts for the 1992-93 fiscal year. Currently the Districts do have ordinances in effect to collect the old sewer service fees but the proposed increases are reflected in the new ordinances. Thus, the ordinance introduction and hearing must be completed essentially in accordance with the `..� recommended schedule in order to meet the October 1st deadline. -8- 09/09/92 In response to Directors' questions, the General Manager stated that the final impact of the State's budget is still unknown, and probably will not be known for several months because of certain provisions in the State' s budget bill . He explained that the bill provides that 35% of special districts property tax revenues not to exceed 10% of their total revenue, will initially be shifted. However, if the state-wide target of $375.0 million is not satisfied by that 35% transfer, then the County Auditors have the discretion to increase the transfer up to another 5%, for a total of 40%, but still subject to a 10% cap. Thus, the final amount won't be known until the County Auditor calculates it. They have advised this will be done later in the fall once calculations have been made for all the special districts that are affected state-wide. Mr. Sylvester reiterated that the Districts collect user fees on the tax bill as the most cost effective way to do it. Thus, in order to meet the extended time limit of October 1 , 1992 to supply data tapes to the County Auditor' s office for the 1992-93 property tax roll , the increased fee consideration must follow the aforementioned time schedule included in the report of the Fiscal Policy and Executive Committees. He also pointed out that the Fiscal Policy Committee discussed at considerable length alternatives to address the loss of revenue from the property tax confiscation. One option was the issuance of short-term notes. Many member agencies, on an annual basis, because of the cash-flow of property tax receipts, have to borrow for the short-term using what is commonly called tax revenue anticipation notes (TRANS) to get through the so-called dry period. Often net arbitrage earnings result. Several months ago the Districts discussed this alternative. However, because of our reserves position, our bond counsel ruled that the Districts could not do such short-term borrowing. Bond counsel has now ruled, however, that it is possible for the Districts to do short short-term borrowing using taxable notes because of the unique situation caused by the State's action in confiscating our taxes and, in fact, it is projected that we could also arbitrage and come out with net earnings. The Fiscal Policy Committee discussed this at great length and the consensus was that there is a very strong likelihood that next year and in the following years, the State will be after what remaining property taxes they didn't get this year from special districts. Mr. Sylvester also referred to a letter from Senator Marian Bergeson, Chair of the Senate Local Government Committee, that was included in the Directors' agenda packages. Her letter basically says that the State will be back, at least to the enterprise districts, for the rest of their tax monies next year, and each year thereafter until the State gets it all . Thus, the Fiscal Policy Committee was concerned that short-term borrowing would only be putting off the inevitable of increasing service fees by an even greater amount and it would be more difficult to explain. -9- 09/09/92 Another option discussed was the use of existing reserves. There was concern that this would exacerbate the Districts' net revenue situation because we would not only lase the property taxes confiscated by the State, but also lose the interest being earned on the reserves. Further, the current reserve structure is in accordance with the long term financial strategy that the Board has adopted as part of the Districts 30-year wastewater management plan. Another related issue concerns the possible negative impact that reducing reserves might have on the Districts' favorable reputation and rating in the bond market. Also of great concern is that in the wastewater business, major emergencies can occur at any time that are expensive to take corrective action on and the reserve levels established by the Boards take that into consideration. The Committee discussed at great length the matter of further budgetary cuts. It was pointed out that in putting together the 1992-93 budgets, the Committee recognized the current state of the economy and therefore sharpened the budget pencil and cut it by $54.2 million under the 1991-92 budget. This was accomplished in spite of the fact that Districts' costs of operation continue to rise because of the added costs of complying with regulatory requirements, both air quality and water quality, and costs associated with increasing sewerage flows resulting from ongoing development and population increases. Part of the costs associated with these two are, of course, the expenses necessary for operating and maintaining the approximately $100 million in new facilities that are placed into service each year. The impacts of inflation also affect our costs. It was noted that due to the probable delay in starting up central generation we anticipate running �...� over the budget because we will not realize the full electrical cost savings anticipated with an earlier start-up. It was also noted that there are few discretionary expenditures in operating wastewater treatment facilities. Although some further operating budget cuts could be made, any meaningful reductions would impair our operating and maintenance capabilities for processing 230 million-gallons-per-day, and thus jeopardize our ability to keep the collection, treatment and disposal facilities in a state of repair that enables us to continuously comply with regulatory requirements and protect public health, the marine environment and the beaches. Research and development is an example of what might be considered discretionary, and there are some others. But, it was observed, Districts' research and development is directed towards the goals of finding better and more efficient ways of doing things, and assuring that the public's health and the environment are being adequately protected. The same can be said of such activities as our involvement in legislative and regulatory affairs which is intended to bring some rationality to laws and regulations that will , in the long run, save millions of dollars. \� -10- 09/09/92 It was therefore the consensus of the Committee that the staff and the Boards of Directors had already acted in an earnest and responsible manner by cutting $54.2 million from the 1992-93 budget and holding 1992-93 fees at the same level as 1991-92; and that further 1992-93 budget cuts would jeopardize the integrity and quality of the Districts' wastewater management program and the Boards' level of service commitment to the citizens, communities and the coastal cities for the protection of public health and the environment. The Comnittee was also concerned that further cutbacks would jeopardize the Districts' 301(h) Waiver NPDES Permit which saves the citizens of Orange County $50 million a year. However, the members also agreed that the Fiscal Policy Committee and staff should continue to work - together to consider potential future opportunities for budgetary savings and operational economies. For these reasons, it was also the consensus of the Committee that the action of the Governor and State Legislature in confiscating up to $13.7 million (40%) of the Districts annual property tax, and the likelihood that the State will eventually take 100% or ($34.2 million) of the Districts' annual property taxes, the Directors have no viable alternative but to raise user fees. Mr. Sylvester also reported that there was information not available at this time that could affect the projected user fees. The Districts are attempting to get the most current information from the County in terms of the tax base that will be used to calculate the tax shift and how the 10% cap may apply. He also reminded the Directors of an action they took several months ago and the provision in the budget act that allows exemption from any property tax shift, for those tax monies that are dedicated to debt service. Staff and Counsel believe the Districts may qualify under that exemption and are putting together our position on that to hopefully get concurrence from the County Auditor. Preliminary information also indicates that the 10% revenue cap will probably apply in some Districts. All of these would have the affect of reducing the estimated amount of property taxes shown in the Committee reports as being confiscated. He then summarized the Fiscal Policy Committee's recommendation to Introduce the ordinances this evening to adjust user fees with the understanding that once more definitive information is received, the Boards will have the option to adopt or reject the ordinances at the second reading. The second reading is scheduled for September 16, 1992. The Boards then entered into a lengthy discussion of the State' s budget action and the proposed increase of sewer service fees for 1992-93 to make up for the loss of up to $13.7 million in Districts' local property taxes being seized by the State to help balance California' s budget. During the discussion several Directors reiterated the deliberations and conclusions of the Fiscal Policy Committee and spoke in favor of the Committee's recommendation to increase in Districts sewer service fees to replace the property taxes shifted to the State by the Governor and Legislature. The point was made that there are options as reported by the Fiscal Policy Committee, but that they were short term, not in the best interests of the Districts or their -11- 09/09/92 constituents, and that under any alternative sewer service charges would ultimately have to be raised to avoid Jeopardizing the Districts' fiscal and operational integrity. It was also pointed out that increasing the fees now would be better understood by the public because of their current awareness that it was precipitated by the actions of the State Legislature and Governor. It was further pointed out that the proposed fee adjustments were based on the best information currently available and that if clarifying information pertaining to certain provisions of the tax shift was forthcoming from the State or County prior to adoption of any new fees, the fees could be adjusted accordingly. Other Directors expressed concern and discomfort over the proposed sewer service fee increases and particularly the short time frame that the Boards were faced with in considering and acting on the alternatives; i .e. , the need to introduce ordinances, hold first and second readings, conduct a public hearing and consider adoption, all in order to enable computerized fee data to be submitted to the County Auditor by the October 1st deadline established as part of the State' s budget action. In response to a question regarding the possibility of delaying consideration and issuing a supplemental bill in the event fees for 1992-93 were ultimately increased, Directors were advised that the County Auditor would not allow such a procedure. In response to questions concerning whether a vote in favor of introducing the proposed ordinances was considered a vote in favor of increasing the sewer service charges, It was clarified that an affirmative vote for the agenda item was only a vote to introduce the ordinance and pass to second reading and hearing on September 16th, and not necessarily a vote in favor of a fee increase. It was further clarified that the Directors reserved the right not to go forward with the proposed fee increase after second reading and the public hearing. �...✓ Following further discussion and clarification of procedures to be followed in considering and voting on the agenda items pertaining to the proposed ordinances to increase 1992-93 sewer service charges, the following actions were taken by the respective Boards: DISTRICT 1 Act ons re introduction of proposed Ordinance No. 121 Makin' t121hat adoption of Moved, seconded and duly Ordinance No. s statu on carried: exempt per CEQA Guidelines That the Board of Directors hereby finds that adoption of Ordinance No. 121, An Ordinance of the Board of Directors of County Sanitation District No. 1 of Orange County, California, Amending Ordinance No. 109 Establishing Sanitary Sewer Service Charges, and Repealing Ordinance No. 118, is statutorily exempt pursuant to California Environmental Quality Act (CEQA) Guidelines Sections 15273(a) and 21080(b)(8) in that the Ordinance is a regulatory action taken by the District to assure the protection of the environment; and the increased revenues to be received by the sanitary sewer service charges will be used for meeting operational and maintenance expenses and meeting financial reserves and capital requirements which are necessary for the continued maintenance of service within existing �✓ defined service areas of the Districts as set forth in the comprehensive Master Plan. -12- 09/09/92 First reading of proposed Moved, seconded and duly Ordinance No. 121 carried: That proposed Ordinance No. 121, An Ordinance of the Board of Directors of County Sanitation District No. 1 of Orange County, California, Amending Ordinance No. 109 Establishing Sanitary Sewer Service Charges, and Repealing Ordinance No. 118, be read by title only; and, FURTHER MOVED: That reading of said ordinance in its entirety be, and is hereby, waived. Following the reading of Ordinance No. 121 by title only, it was moved, seconded and duly carried: That Ordinance No. 121, An Ordinance of the Board of Directors of County Sanitation District No. 1 of Orange County, California, Amending Ordinance No. 109 Establishing Sanitary Sewer Service Charges, and Repealing Ordinance No. 118, be introduced and passed to second reading and public hearing on September 16, 1992, at 7:30 p.m. , at the District's Administrative Office. DISTRICT 2 Actions re introduction of proposed Ordinance No. 216 Making finding that adoption of Moved, seconded and duly Ordinance No. 216 is statutorily carried: exempt per CE A Guidelines That the Board of Directors hereby finds that adoption of Ordinance No. 216, An Ordinance of the Board of Directors of County Sanitation District No. 2 of Orange County, California, Amending Ordinance No. 210 Establishing Sanitary Sewer Service Charges, and Repealing Ordinance No. 213, Is statutorily exempt pursuant to California Environmental Quality Act (CEQA) Guidelines Sections 15273(a) and 21080(b) (8) in that the Ordinance is a regulatory action taken by the District to assure the protection of the environment; and the increased revenues to be received by the sanitary sewer service charges will be used for meeting operational and maintenance expenses and meeting financial reserves and capital requirements which are necessary for the continued maintenance of service within existing defined service areas of the Districts as set forth in the comprehensive Master Plan. Director Main requested that his vote in opposition to the motion _ be made a matter of record. First reading 01 proposed Moved, seconded and duly Ordinance No. 216 carried: That proposed Ordinance No. 216, An Ordinance of the Board of Directors of County Sanitation District No. 2 of Orange County, California, Amending Ordinance No. 210 Establishing Sanitary Sewer Service Charges, and Repealing Ordinance No. 213, be read by title only; and, �..� -13- 09/09/92 FURTHER MOVED: That reading of said ordinance in its entirety be, and is hereby, waived. Following the reading of Ordinance No. 216 by title only, it was moved, seconded and duly carried: That Ordinance No. 216, An Ordinance of the Board of Directors of County Sanitation District No. 2 of Orange County, California, Amending Ordinance No. 210 Establishing Sanitary Sewer Service Charges, and Repealing Ordinance No. 213, be introduced and passed to second reading and public hearing on September 16, 1992, at 7:30 p.m. , at the District's Administrative Office. Director Main requested that his vote in opposition to the motion be made a matter of record. DISTRICT 3 Actions re introduction of proposed Ordinance No. 319 Making finding that adoption of Moved, seconded and duly Ordinance No. 319 is statutorily carried: exempt per CEQA Guidelines That the Board of Directors hereby finds that adoption of Ordinance No. 319, An Ordinance of the Board of Directors of County Sanitation District No. 3 of Orange County, California, Amending Ordinance No. 309 Establishing Sanitary Sewer Service Charges, and Repealing Ordinance No. 316, is statutorily exempt pursuant to California Environmental Quality Act (CEQA) Guidelines Sections 15273(a) and 21080(b) (8) in that `...� the Ordinance is a regulatory action taken by the District to assure the protection of the environment; and the increased revenues to be received by the sanitary sewer service charges will be used for meeting operational and maintenance expenses and meeting financial reserves and capital requirements which are necessary for the continued maintenance of service within existing defined service areas of the Districts as set forth in the comprehensive Master Plan. Directors Culver and Silva requested that their votes in opposition to the motion be made a matter of record. First reading of proposed Moved, seconded and duly Ordinance No. 319 carried: That proposed Ordinance No. 319, An Ordinance of the Board of Directors of County Sanitation District No. 3 of Orange County, California, Amending Ordinance No. 309 Establishing Sanitary Sewer Service Charges, and Repealing Ordinance No. 316, be read by title only; and, FURTHER MOVED: That reading of said ordinance in its entirety be, and is hereby, waived. Following the reading of Ordinance No. 319 by title only, it was moved, seconded and duly carried: -14- 09/09/92 That Ordinance No. 319, An Ordinance of the Board of Directors of County Sanitation District No. 3 of Orange County, California, Amending Ordinance No. 309 Establishing Sanitary Sewer Service Charges, and Repealing Ordinance No. 316, be introduced and passed to second reading and public hearing on September 16, 1992, at 7:30 p.m. , at the District' s Administrative Office. Directors Culver and Silva requested that their votes in opposition to the motion be made a matter of record. DISTRICT 5 Actions re introduction of proposed Ordinance No. 528 - Making finding that adoption of Moved, seconded and duly Ordinance No. 528 is statutorily carried: exempt per CEQA Guidelines That the Board of Directors hereby finds that adoption of Ordinance No. 528, An Ordinance of the Board of Directors of County Sanitation District No. 5 of Orange County, California, Amending Ordinance No. 516 Establishing Sanitary Sewer Service Charges, and Repealing Ordinance No. 525, is statutorily exempt pursuant to California Environmental Quality Act (CEQA) Guidelines Sections 15273(a) and 21080(b) (8) in that the Ordinance is a regulatory action taken by the District to assure the protection of the environment; and the increased revenues to be received by the sanitary sewer service charges will be used for meeting operational and maintenance expenses and meeting financial reserves and capital requirements which are necessary for the continued maintenance of service within existing defined service areas of the Districts as set forth in the comprehensive Master Plan. Director Roth requested that his vote in opposition to the motion be made a matter of record. First re an of Moved, seconded and duly rdinancdi e No. 5 proposed 28 carried: That proposed Ordinance No. 528, An Ordinance of the Board of Directors of County Sanitation District No. 5 of Orange County, California, Amending Ordinance No. 516 Establishing Sanitary Sewer Service Charges, and Repealing Ordinance No. 525, be read by title only; and, FURTHER MOVED: That reading of said ordinance in its entirety be, and is hereby, waived. Following the reading of Ordinance No. 528 by title only, it was moved, seconded and duly carried: That Ordinance No. 528, An Ordinance of the Board of Directors of County Sanitation District No. 5 of Orange County, California, Amending Ordinance No. 516 Establishing Sanitary Sewer Service Charges, and Repealing Ordinance No. 525, be introduced and passed to second reading and public hearing on September 16, 1992, at �..✓ 7:30 p.m. , at the District's Administrative Office. -15- 09/09/92 Director Roth requested that his vote in opposition to the motion be made a matter of record. DISTRICT 6 Actions re introduction of proposed Ordinance No. 622 Making finding that adoption of Moved, seconded and duly Ordinance No. 622 is statutorily carried: exempt per CEQA Guidelines That the Board of Directors hereby finds that adoption of Ordinance No. 622, An Ordinance of the Board of Directors of County Sanitation District No. 6 of Orange County, California, Amending Ordinance No. 609 Establishing Sanitary Sewer Service Charges, and Repealing Ordinance No. 619, is statutorily exempt pursuant to California Environmental Quality Act (CEQA) Guidelines Sections 15273(a) and 21080(b)(8) in that the Ordinance is a regulatory action taken by the District to assure the protection of the environment; and the increased revenues to be received by the sanitary sewer service charges will be used for meeting operational and maintenance expenses and meeting financial reserves and capital requirements which are necessary for the continued maintenance of service within existing defined service areas of the Districts as set forth in the comprehensive Master Plan. Director Roth requested that his vote in opposition to the motion be made a matter of record. First reading of proposed Moved, seconded and duly Ordinance No. 622 carried: That proposed Ordinance No. 622, An Ordinance of the Board of Directors of County Sanitation District No. 6 of Orange County, California, Amending Ordinance No. 609 Establishing Sanitary Sewer Service Charges, and Repealing Ordinance No. 619, be read by title only; and, FURTHER MOVED: That reading of said ordinance in its entirety be, and is hereby, waived. Following the reading of Ordinance No. 622 by title only, it was moved, seconded and duly carried: That Ordinance No. 622, An Ordinance of the Board of Directors of County Sanitation District No. 6 of Orange County, California, Amending Ordinance No. 609 Establishing Sanitary Sewer Service Charges, and Repealing Ordinance No. 619, be introduced and passed to second reading and public hearing on September 16, 1992, at 7:30 p.m. , at the District's Administrative Office. Director Roth requested that his vote in opposition to the motion be made a matter of record. -16- 09/09/92 DISTRICT 7 Actions re introduction of proposed Ordinance No. 729 `... Making finding that adoption of Moved, seconded and duly Ordinance No. 729 is statutorily carried: exempt per CEQA Guidelines That the Board of Directors hereby finds that adoption of Ordinance No. 729, An Ordinance of the Board of Directors of County Sanitation District No. 7 of Orange County, California, Amending Ordinance No. 725 Establishing Sanitary Sewer Service Charges is statutorily exempt pursuant to California Environmental Quality Act (CEQA) Guidelines Sections 15273(a) and 21080(b) (8) in that the Ordinance is a regulatory action taken by the District to assure the protection of the environment; and the increased revenues to be received by the sanitary sewer service charges will be used for meeting operational and maintenance expenses and meeting financial reserves and capital requirements which are necessary for the continued maintenance of service within existing defined service areas of the Districts as set forth in the comprehensive Master Plan. Director Roth requested that his vote in opposition to the motion be made a matter of record. First reading of proposed Moved, seconded and duly Ordinance No. 729 carried: That proposed Ordinance No. 729, An Ordinance of the Board of Directors of County Sanitation District No. 7 of Orange County, California, Amending Ordinance No. 725 Establishing Sanitary Sewer Service Charges, be read by title only; and, FURTHER MOVED: That reading of said ordinance in its entirety be, and is hereby, waived. Following the reading of Ordinance No. 729 by title only, it was moved, seconded and duly carried: That Ordinance No. 729, An Ordinance of the Board of Directors of County Sanitation District No. 7 of Orange County, California, Amending Ordinance No. 725 Establishing Sanitary Sewer Service Charges, be introduced and passed to second reading and public hearing on September 16, 1992, at 7:30 p.m. , at the District' s Administrative Office. Director Roth requested that his vote in opposition to the motion be made a matter of record. -17- 09/09/92 DISTRICT 11 Actions re introduction of proposed Ordinance No. 1118 �..� Making finding that adoption of Moved, seconded and duly Ordinance No. 1118 is statutorily carried: exempt per CEQA Guidelines That the Board of Directors hereby finds that adoption of Ordinance No. 1118, An Ordinance of the Board of Directors of County Sanitation District No. 11 of Orange County, California, Amending Ordinance No. 1108 Establishing Sanitary Sewer Service Charges, and Repealing Ordinance No. 1115, is statutorily exempt pursuant to California Environmental Quality Act (CEQA) Guidelines Sections 15273(a) and 21080(b)(8) in that the Ordinance is a regulatory action taken by the District to assure the protection of the environment; and the increased revenues to be received by the sanitary sewer service charges will be used for meeting operational and maintenance expenses and meeting financial reserves and capital requirements which are necessary for the continued maintenance of service within existing defined service areas of the Districts as set forth in the comprehensive Master Plan. First reading of proposed Moved, seconded and duly Ordinance No. 1118 carried: That proposed Ordinance No. 1118, An Ordinance of the Board of Directors of County Sanitation District No. 11 of Orange County, California, Amending Ordinance No. 1108 Establishing Sanitary Sewer Service Charges, and Repealing Ordinance No. 1115, be read by title only; and, FURTHER MOVED: That reading of said ordinance in its entirety be, and is hereby, waived. Following the reading of Ordinance No. 1118 by title only, it was moved, seconded and duly carried: That Ordinance No. 1118, An Ordinance of the Board of Directors of County Sanitation District No. 11 of Orange County, California, Amending Ordinance No. 1108 Establishing Sanitary Sewer Service Charges, and Repealing Ordinance No. 1115, be introduced and passed to second reading and public hearing on September 16, 1992, at 7:30 p.m. , at the District's Administrative Office. DISTRICTS 1, 2, 3, 5, 62 7 8 it The Directors entered into a Authorizing staff to develop and discussion of the Fiscal Policy implement a public information Committee's recommendation to develop program re need to raise sewer a public information program service char es to recover ro ert explaining the need to raise taxes confiscate by the State Districts' sanitary sewer charges to recover property taxes confiscated by the State as a result of the actions of the Governor and State Legislature. The pros and cons and content of such a program and some alternative means of communicating with the public were also discussed. It was the concern of the Directors that development of a program should proceed and be submitted for review and further direction before implementation. -18- 09/09/92 After further comments and discussion by Directors, it was moved, seconded and duly carried: That staff be, and is hereby, authorized and directed to develop and implement a public information program explaining the need to raise Districts' sanitary sewer service charges to recover property taxes confiscated by the State as a result of the action of the Governor and State Legislature that will initially take up to 40% of the Districts' annual property taxes. ALL DISTRICTS General Counsel reported to the General Counsel 's Comments Prior to Directors of the need for a closed Closed Session session as authorized by Government Code Section 54956.9 to review: 1) A proposed settlement of litigation entitled, United States Government vs. Montrose Chemical Company, County Sanitation Districts. 2) Request for authorization to initiate litigation against the manufacturer and general contractor on Districts' two jobs relating to the co-generation combustion engines. - ALL DISTRICTS Moved, seconded and duly carried: onvene in closed session pursuant To Government Code ection The Boards convened in closed session 4 56.9 at 9:00 p.m. pursuant to Government Code Section 54956.9. Confidential Minutes of the Closed Session held by the Board(s) of Directors have been prepared in accordance with California Government Code Section 54957.2 and are maintained by the Board Secretary in the Official Book of Confidential Minutes of Board and Committee Closed Meetings. ALL DISTRICTS At 10:07 p.m. the Boards reconvened Reconvene in regular session in regular session. DISTRICT 1 Moved, seconded and duly carried: Adjournment That this meeting of the Board of Directors of County Sanitation District No. 1 be adjourned to Wednesday, September 16, 1992, at 7:30 p.m., for a public meeting for the purpose of reviewing District reports and state budget reports affecting the 1992-93 sewer service charges and consideration of ordinance to increase sewer service charges, if necessary. The Chairman then declared the meeting so adjourned at 10:07 p.m. , September 9, 1992. DISTRICT 2 Moved, seconded and duly carried: Approving agreement with Richard Joseph Battaglia, Trustee That the Board of Directors hereby of the Richa rtl Jose h Bedatta lia adopts Resolution No. 92-128-2, Trust oroviding for d cation and approving and authorizing execution rantin of new easements necessary of agreement with Richard Joseph for Rehabilitat on of ypress Battaglia, Trustee of the Richard Avenue ewer, Contract Joseph Battaglia Trust dated No. 2-9-R1 February 27, 1986, providing for dedication and granting of new easements necessary for Rehabilitation of Cypress Avenue Subtrunk Sewer, Contract No. 2-9-R1, at no cost to the District, and quitclaiming the old easement. Said resolution, by reference hereto, is hereby made a part of these minutes. -19- 09/09/92 DISTRICT 2 Moved, seconded and duly carried: Adjournment That this meeting of the Board of Directors of County Sanitation District No. 2 be adjourned to Wednesday, September 16, 1992, at 7:30 p.m. , for a public meeting for the purpose of reviewing District reports and state budget reports affecting the 1992-93 sewer service charges and consideration of ordinance to increase sewer service charges, if necessary. The Chairman then declared the meeting so adjourned at 10:07 p.m. , September 9, 1992. DISTRICT 3 Moved, seconded and duly carried: Adjournment That this meeting of the Board of Directors of County Sanitation District No. 3 be adjourned to Wednesday, September 16, 1992, at 7:30 p.m. , for a public meeting for the purpose of reviewing District reports and state budget reports affecting the 1992-93 sewer service charges and consideration of ordinance to increase sewer service charges, if necessary. The Chairman then declared the meeting so adjourned at 10:07 p.m. , September 9, 1992. DISTRICT 5 Moved, seconded and duly carried: Adjournment That this meeting of the Board of Directors of County Sanitation District No. 5 be adjourned to Wednesday, September 16, 1992, at 7:30 p.m. , for a public meeting for the purpose of reviewing District reports and state budget reports affecting the 1992-93 sewer service charges and consideration of ordinance to increase sewer service charges, if necessary. The Chairman then declared the meeting so adjourned at 10:07 p.m. , September 9, 1992. �...� DISTRICT 6 Moved, seconded and duly carried: Adjournment That this meeting of the Board of Directors of County Sanitation District No. 6 be adjourned to Wednesday, September 16, 1992, at 7:30 p.m. , for a public meeting for the purpose of reviewing District reports and state budget reports affecting the 1992-93 sewer service charges and consideration of ordinance to increase sewer service charges, if necessary. The Chairman then declared the meeting so adjourned at 10:07 p.m. , September 9, 1992. DISTRICT 7 Moved, seconded and duly carried: Adjournment That this meeting of the Board of Directors of County Sanitation District No. 7 be adjourned to Wednesday, September 16, 1992, at 7:30 p.m. , for a public meeting for the purpose of reviewing District reports and state budget reports affecting the 1992-93 sewer service charges and consideration of ordinance to increase sewer service charges, if necessary. The Chairman then declared the meeting so adjourned at 10:07 p.m. , September 9, 1992. -20- 09/09/92 DISTRICT 11 Moved, seconded and duly carried: Adjournment That this meeting of the Board of Directors of County Sanitation District No. 11 be adjourned to Wednesday, September 16, 1992, at 7:30 p.m. , for a public meeting for the purpose of reviewing District reports and state budget reports affecting the 1992-93 sewer service charges and consideration of ordinance to increase sewer service charges, if necessary. The Chairman then declared the meeting so adjourned at 10:07 p.m. , September 9, 1992. DISTRICT 13 Moved, seconded and duly carried: Adjournment That this meeting of the Board of Directors of County Sanitation District No. 13 be adjourned to 7:30 p.m. , September 16, 1992. The Chairman then declared the meeting so adjourned at 10:07 p.m., September 9, 1992. DISTRICT 14 Moved, seconded and duly carried: Receive and file request for uthorizin annexation and ag That the petition from The Irvine initiation of proceedings re Company requesting annexation of proposed Annexation No. 1 - 54.52 acres of territory to the San Joaquin Hills Road Annexation District in the vicinity of San Joaquin Hills Road and Newport Coast Drive in unincorporated County territory, be, and is hereby, received and ordered filed; and, FURTHER MOVED: That the Board of Directors hereby adopts Resolution No. 92-129-14, authorizing initiation of proceedings to annex said territory to the District (proposed Annexation No. I - San Joaquin Hills Road Annexation to County Sanitation District No. 14). Said resolution, by reference hereto, is hereby made a part of these minutes. Director Don R. Roth and Director Roger R. Stanton requested that their abstentions from voting on this item be made a matter of record. DISTRICT 14 Moved, seconded and duly carried: Adjournment That this meeting of the Board of Directors of County Sanitation District No. 14 be adjourned to 7:30 p.m. , September 16, 1992. The Chairman then declared the meeting so adjourned at 10:07 p.m. , September 9, 1992. Assistant SecyW r the Boards of Directors Of County Sanitation Districts Nos. 1, 2, 3, 5, 6, 7, 11, 13 and 14 -P1- FUE( 9199 - JT DIST WORKING CAPITAL PROCESSING DATE 8/07/92 PAGE 1 REPORT NUMBER AF43 CCUATY SANIIATICN DISTRICTS OF GRANGE COUNTY CLAIMS PAID 08/12/92 POSTING DATE 08/12/92 WARRANT NO. VENDOR AMOUNT DESCRIPTION I2S917 AE TECH C[PPINY l62.791.98 12391E ASP /NALISIS 9680.00 ENGINE OIL ANALYSIS REMOVAL M.O.10-9-91 123919 ACAOEPIC TRESS f282.31 LAD S O LAB SUPPLIES 123921 ACCU-LABS RESEARCH INC f310.00 LAB SERVICES 123921 ACLU - SLUDGE .602.00 SLUDGE EQUIPMENT RENTALS 123923 ACTICKDVAKC REATALS 06.162.00 CONSTRUCT ONNTAL9 123923 AIR PO PRODUCTS UC TCHE IAC l906.962.00 CONSTRUCTION PI-39-3, SYST M.O J-21 AIR N FENCE t CHEMICALS 1 l92.160.00 O&M EN FENCING AGREEMENT O%V G8N eVBT M.O.0-9-09 I23926 ALCOPN FENCE CO 12.500.00 PKNCINT 123927 ALL AN[PIGN ASPHALT f91.233.27 ASPHALT 121927 ALFNA6A2 31.233.39 SPECIALTY GA888 1239.2E NENR In•FHIATEY•KC[MLR f10$995.00 PUBLICATION PARTS 123930 AREP INCI&/D 6F ICA CIVIL EN6P f995.B0 PUBLICATION 123931 ROBCOAMERI IN t/GP AM CPI CAN SEALS f068.31 PLUMBING BUPPLI88 123931 AVERIT An SiGRA 11$312.00 PUBLICATION BUPPLI88 127932 AVER SCCIETT LCP RICROBICLO f318.00 PUBLICATION 12393! AREPEWAA CLASS CCC IURL [OIIEC it .201.80 LAB BUPPLI88 123935 An LATIC ESTIN CC fT.201.00 LAB SUPPLIES X 123936 ABATER[ TESTING LABORATORY 23,553.00 LAB UNIFORM RENTALS S 1279l6 ABATER SERVICES INC $2.157.12 INSTRUMENT RENTALS 12393E ART7CNA IASTRUMCtT 11.151.07 INBTRUMBNT PARTS 11U 12IS-S AALPL V A/61I3CA 31$849.O4 PUMP 123f39 UNKLT LAT /LSllk CO f899.99 TUBING 1239411 DNK SAFETY CF IIL $1.19.45 SAFETY SUPPLIES REMOVAL M.O.10-9-91 1 123901 BAV SAFETY t SUPPLY f1.169.05 SAFETY 9UPPLIIN I 123902 RALNFLBV PREVENTION DEVICE S32.00 MANHOLE TESTING 123993 RALLIK CCA STRLC TION CO f6.l90.00 PUBLICATIONS IONSRB 123990 BATTERYS RAY FLILISFFAS S168.38 PUBLICATIONS 123995 BATTERY STECIITIIE3 .373.66 LBATTERIES 123996 BATTEN LI INSTRUMENTS RAC $ $1,200.00 LAB SUPPLIES 123991 BEEN MAN INET, INC TS 31$163.71 SERVICE AGREEMENT 12390E PIO TEEM NET. INC f101.29 LAB AGREEMENT 123950 FCLNPINGEF MAKNNEIM f101.00 LAB CONSTRUCTION 123951 RP.INTEPSCT [CAP 71.723.00 CONSTRUCTION SERVICES 123951 BRCURUDGE 8 EALCUEJANITORIAL LL CONSULTING $$1. 50.00 JANITORIAL SERVICES 7-11-1 123953 BUDGET JANI EMPIRI 11.650.00 JANITORIAL 96RVI C88 123955 BUILDER-5 EMPORIUM 1116.80 HARDWARE 1239l0 CARVE ChITREEPIAG CC 3809.50 ELECTRIC PARTS 1239!5 ELIY G STEEED f1.$72.30 PETTY CASH LIES PBBNBNT 1239`57 BLIL ER F/FER [C PP InY 375.l8 OFFICEELECTRIC C SUPPLIES 123958 C M 1 f2.3T5.92 ELECTRIC BUPPLI88 - 12l959 SUMMIT SOLUTIONS. INC l959.23 CHEICALSMAINTENANCE AGREEMENT 123960 CAL-PAC INCCHITAL CO INC l201.90 CHEMICALS 123960 CAIEPfL I 33.200 d8 INSTRUMENT PARTS 12396 JTNA R CALATPI CE FFC f1P.308. OCEAN MONITORING M.O.11-14-90 123962 TALIFCPAII AUl[ CCLLISIOn INC iB99.3771 TRUCK PARTS FUND NC 919E • JT CIST WINNING CAPITAL PROCESSING DATE 8/07192 FAST 2 REPORT NUMBER AP43 CCLKTY SANITATICA DISTRICTS OF GRANGE COUNTY CLAIMS PAID 08/12/92 POSTING DATE 06/12/92 WARRANT NO. VENDOR AMOUNT DESCRIPTION 123963 CALIFCRNIA AUTOVATIC GATE 5908.79 SERVICE AGREEMENT 123964 CALIFCNhIA JCURRAL INC 1167.00 TRAINING REGISTRATION 123965 CALIFORNIA PUBLIC FINANCE $545.00 PUBLICATION 123966 CENTER FOR STUDY OF LAY A POLL $64.65 PUBLICATIONS 1219E7 CERTLRY SAFETY INST 0 SUFP $6.374.56 SAFETY SUPPLIES 12396E CMFVRCN LEN INC f5.l91.05 OIL 6 GREASE 123969 ChILCAEK•S MCSPITAL IF O.C. $154.54 REFUND USER FEE OVERPAYMENT 123970 SOUTHERN CAL MATERIAL HANDLING $8,563.42 BUILDING MATERIALS 123971 CLEAK.EK PAPER 6 CHEMICAL 3907.55 JANITORIAL SUPPLIES 123972 THE COES GRCUP $127.15 COMPUTER SOFTWARE 121973 CCPFASS ILECIFINICS CCRP S54.35 INSTRUMENT REPAIRS 123974 CCPFUSA. INC. $1.220.15 COMPUTER HARDWARE/SOFTWARE 123975 CONAPOOS PHOTOGRAPHY $269.38 PHOTOGRAPHIC SERVICES 123976 COKSCLIDATED ELECTRICAL DIST 38.010.79 ELECTRIC SUPPLIES 123977 CCKTIAENTAL AIR TOOLS INC $398.90 TOOLS 123978 CCCPEP IRCLSTRIES INC $13.728.16 COMPRESSOR PARTS 123979 COUNTY WHOLESALE ELECTRIC 5615.79 ELECTRIC SUPPLIES ITT 1239PO CRANE VEYOR CORP 579.21 SAFETY SUPPLIES X 1239E1 THE REGENTS CA THE UAIVERSITY $6.145.00 TWNI PROJECT FEES 2 123582 CA CETI IF NFALTE SERVICES $4.808.00 REGISTRATION - LAB ACCREDITATION 1235E3 STATE IF CALIFCPRIA 513.306.00 STATE UNEMPLOYMENT INSURANCE 123984 OF AhZA CURFCRATIOh 5150.00 EQUIPMENT RENTALS 123985 DELTA FOAM PRODUCTS f1B9.53 LAB SUPPLIES n 123986 OEW-PAR SALES A SERVICE 5536.55 MANHOLE PARTS 1239P7 DEIURIN AND/CP CS In 31#715.J9 VALVE PARTS (V 1239P6 CIATf[ FIIIPChPEl7IL ilr69 R.79 CHEMICALS 1235E9 CIFILIPFC ASSCCIATES 11,224.58 PRINTING 123990 DI6ITAL EQUIPMENT COPP $3.674.36 OFFICE EQUIPMENT 123991 DISCO PRINT COMPANY $132.01 OFFICE SUPPLIES 121552 DOPAOC ERIERFAISES INC $21.459.40 PLANT MAINTENANCE 6 REPAIRS 123591 RCPERT F ERIVIR ASSCC $3.700.09 BOND-COMP INSURANCE 123554 CLhK ECLIRCS CCRP $539.96 PAINT SUPPLIES 123995 CYKATECH LABCRATCRIES $10.322.71 LAB EQUIPMENT 123996 EASTMAN INC 34.777.65 OFFICE SUPPLIES 123997 DONALD ELDER $2.166.00 REFUND USER FEE OVERPAYMENT 123958 ENCHANTER INC $5.040.00 OCEAN MONITORING M.O.7-17-91 123959 FALCCK CISPCSAL SERVICE 13.690.00 RESIDUALS REMOVAL M.O.10-9-91 129((C JCHh 8 FILOEKSIEIK FE S3.400.0C CONSTRUCTION SERVICES I-9, 1-16 1240CI FARE SALES 0 SERVICE $8.317.43 - FILTERS 124602 FEDERAL CYPRESS CORP $316.00 AIR FREIGHT 1290M3 FERRELLGAS $102.07 PROPANE 124004 FISChEP I PINTER CO 9992.74 CHLORINATION PARTS 120RO5 FISHER SCIENTIFIC CC 1169.3P LAB SUPPLIES 129CCE FISCKS IKSTRLPEKTS $229.023.19 LAB EQUIPMENT M.0.2-19-92 124067 FLC-SYS7ERS $6.350.81 PUMP PARTS 124008 CLIFFORD A FOPKERT $6.995.85 SURVEYING SERVICES M.O.6-12-91 C FORD At 9199 • JT CIST WCRFIKC CIPITOL PROCESSING DATE 8/07/92 PAGE 3 REPORT NUMBER AP43 COUNTY SANITATICN DISTRICTS OF ORANGE COU NTT CLAIMS PAID 08/12/92 POSTING DATE 08/22/92 WARRANT At. VFNCCR AMOUNT DESCRIPTION 1240C9 FCLNTAIN VALLEY CAPERA $66.64 FILM 124010 CITY OF FOUNTAIN VALLEY 59.316.80 WATER USE 124011 FOUNTAIN VALLEY PAINT 5316.30 PAINT SUPPLIES 124012 FIX IRDLSIRIAL SALES t248.46 OFFICE FURNITURE 124013 GPC TRUCK A BUS GROUF 513.215.54 VEHICLE 174CI4 GET. INC. $1,001.84 COMPUTER SOFTWARE 129P15 GA MHL LL7DER CO $516.86 HARDWARE 129616 GARRATT-CALLAHAN COMPANY $30459.73 CHEMICALS 124917 GENERAL ELECTPIC CC $040.00 ELECTRIC REPAIRS 124018 GENERAL ELECTRIC SLPPLY CC. $804.52 ELECTRIC SUPPLIES 324015 GIFPLICI-PIICFELL INC 5366.71 MECHANICAL PARTS 129A20 GRAPHIC CCNTRCLS 5397.99 INSTRUMENT SUPPLIES 124021 DON GRCEK 8 ASSOCIATES 516.606.0P SURVEYING SERVICES M.O.6-12-91 224022 HAAKER EGLIFPENT CC $1,679.59 VALVE 124023 MACH CC/FANY 8389.2R CHEMICALS 224024 HARPIAGICF IACLEIRIAL PLASIf 529.09 VALVE 124025 HALLAWAY CONTAINERS 93,805.04 TRASH REMOVAL X 124026 EG HELLER.S SON INC S91102 TOOLS S 124027 HEVLETT FACKARC $3.665.50 SERVICE AGREEMENTS 124028 HICKS IAC. FIEEPCLASS CCPP $100.00 FIBERGLASS REPAIRS CO 124029 HOERSIGER CVS CALIF IRE S674.73 MECHANICAL PARTS 124030 HORIZON HIGH REACH 0 EQUIP 5179.48 TRUCK PARTS 12 4 0.1 J.T. HORVATH A ASSOC. 53.000.00 CONSTRUCTION SERVICES J-23-1, J-17 ]a 124032 AS HUGPE£ CC INC 11068.06 SAFETY SUPPLIES 1 1240l3 HUNTER CCFFCRATICA 51.351.302.32 CONSTRUCTION J-19-1 W 124034 CITY CF IUNTINGION bEACM 520.41 WATER USE 124035 HUNTINGTON BEACH RUBBER SIR 3266.25 OFFICE SUPPLIES 124936 HYDPOTEN INC $8.345.55 OIL 124037 IPC INDLSTPIES 5237.28 ELECTRIC SUPPLIES 12403P. THE IDEA EANR 8111.13 PUBLICATION 124039 IMPERIAL WEST CHEMICAL $26,271.98 FERRIC CHLORIDE H.O.11-10-90 124040 INDUSTRIAL THREADED PRCOLCTS 5935.54 CONNECTORS 124041 INFCIRIEVE 551.00 PUBLICATION 120042 IKCRAP PAPER S3.349.52 JANITORIAL SUPPLIES 124043 INTERMOUNTAIN SCIENTIFIC CORP $275.63 LAB SUPPLIES 124094 PACTEL TELETRAC 5376.81 NOTEBOOK COMPUTER RENTAL 12408! INTERSTATE DA77EAT SYSTEPS 52006.07 BATTERIES 12001E IRVINE PINCH NAIEN DISTRICT $1,879.448.27 SEWAGE CAPACITY PURCHASE M.O.6-10-92 124041 IAVINE PINCH 6111R C157HICI $124.27 WATER USE 12001E JLA CRECIT CCRP S145.32 MICROFICHE READER LEASE 124069 GREAT WESTERN SANITARY SUPP $1.200.29 JANITORIAL SUPPLIES 124050 JENSEN INSTRUMENTS CO S4.869.23 INSTRUMENT PARTS 1240!1 JCHN57OKE SLPPLY S64.38 ELECTRIC PARTS 1240l2 KARS• ACVA6C[C PA7ER1ALS INC $4,999.00 LAB SERVICES 1290!3 TPE REM CCPF/RIFE $824.50 ENGINEERING SERVICES 5-35 124P59 KELLY SERVICES 1705.33 TEMPORARY SERVICES FUND NC 9199 - JT LIST WINNING CAPITAL PROCESSING DATE 8/01/92 PACE A REPORT NUMBER AP43 CCUAIY SANITAIICN DISTRICTS OF ORANGE COUNTY CLAIMS PAID U8/12/92 POSTING DATE 00/12/92 WARRANT NO. VFNDCN AMOUNT DESCRIPTION 1290!`_ MING NEARING IAC $299.61 MACHINE SUPPLIES 124056 ANON INDUSTRIAL SUPPLIES $I.309.92 PAINT SUPPLIES 124957 MARTIN XORDICN SR $3.264.60 CONSTRUCTION SERVICES I-9 I240!8 LAP FRGIREERIRG PLASTICS S2.885.71 REFUND USER FEE OVERPAYMENT 1240!9 LA CfLLLLAP IELEFFCNE CC $981.38 SERVICE AGREEMENTS 124CED LA LIOUE HANCLING SVS7EPS $723.75 MECHANICAL PARTS 129061 LAP SUPFCAT $585.00 TEMPORARY SERVICES 124062 LAYNAN. JONES A DYE. LAWVEPS f8.967.61 LEGAL SERVICES - COOPER INDUSTRIES 124063 ORANGE COUNTY DIVISION 9200.00 PUBLICATIONS 124064 LIGI.7ECh $550.00 COMPUTER SERVICES 124065 LTYIICPCLE CCRF S124.60 ELECTRIC SUPPLIES 124066 SOCC-LVACF CCNP $870.12 JANITORIAL SUPPLIES 124067 MFS $95.90 PHOTOGRAPHIC SERVICES 129068 MACOMCO 1668.65 SERVICE AGREEMENT 124019 MAINTENANCE PRODUCTS INC $2.991.52 MECHAHICAL PARTS 124070 MANOIC FCTORS S120.00 TOWING SERVICES 124071 MANHCLE ADJUSTING $6.910.00 MANHOLE ADJUSTING SERVICES m 124072 MANLEY•S ROILEP REPAIR CO. INC $3.515.84 BOILER REPAIRS X 124073 MARYAC ELECTRONICS S19.50 INSTRUMENT SUPPLIES 124074 MATT CFLCN JAC 91.235.22 CHLORINATION PARTS 1>y 124075 0 A MATTRELS A ASSCCIATES SI.769.00 INSTRUMENT 12901E CCA IALPFP $5.790.00 OCEAN MONITORING 124077 MC AFCE /SSCCIP i[S 35.469.75 COMPUTER SOFTWARE LICENSE 324078 MCMENNA ENGR A EQUIP $196.01 PUMP PARTS 1 224079 MEASUREMENT CONTROL SYS INC $419.86 INSTRUMENT PARTS -Cr 124080 MICRCSOFI CORF $159.60 COMPUTER SOFTWARE 124001 FIKNES07A LESTERA VISUAL PPES. S545.50 OFFICE SUPPLIES 124681 FIICFELL IRSIALPENT CC $372.00 INSTRUMENT SUPPLIES 124083 MCDICCN. INC $943.00 ENGINEERING SERVICES 124084 MONTGOMERY LABORATORIES 19.992.00 LAB SERVICES 124085 MOTICN INDUSTRIES INC $1.159.00 MECHANICAL PARTS 1240P6 NUDGE NCI[ CUTNPIE ALEAANCE $7.126.42 FINANCIAL SERVICES M.0.3-13-91 124Of7 NIIICAAL SAFETY CCLACIL $69.35 SAFETY FILM RENTAL 124008 NPIICRAL LATER RESEARCH S21 dA3.00 WATER RESEARCH INSTITUTE GRANT 124009 NEWARH ELECTRONICS 9698.50 INSTRUMENT PARTS 124090 CITY OF NEWPORT ULACM $9.25 WATER USE 124091 DX SYS7U5 CC $21,577.60 CHLORINE M.O.10-9-91 124092 CRANCE CILATY $LTC PARTS C $40.81 TRUCK PARTS 124CS3 CPANCE CLIAIV CRCFICAL CC $2.645.98 CHEMICALS 124099 CPA NEC VA L Y C A FITTING CC. $1.587.39 FITTINGS 124095 ORITEA CORP 21,200.19 MECHANICAL PARTS 124096 OXYGEN SERVICE $760.51 SPECIALTY GASES 124097 PC SVSTEPS DESIGN $483.80 COMPUTER HARDWARE 129098 PCL FACRICIRE $316.95 REFUND USER FEE OVERPAYMENT 124099 PSI S934.61 MECHRNICAL PARTS 224100 PACIFIC PARTS S349.01 INSTRUMENT PARTS FUND NC 9199 . J1 DIST LCPMINE CAFIIAL PROCESSING DATE 0/07/92 PAGE 5 R EPORI NUMBER AP43 COUNTY SANITATION DISTRICTS OF ORANGE COUNTY CLAIMS PAID 08/12192 POSTING DATE 08112/92 BARRANI NC. VEKCOR AMOUNT DESCRIFTION 124102 PACIFIC SAFETY EQUIPMENT CC 1658.51 SAFETY SUPPLIES 124102 PACTEL MERIDIAN SYSTEMS $212.14 TELEPHONE SYSTEM MODIFICATIONS I24103 PAR 6EST SIr319.3A JANITORIAL SUPPLIES 124104 PARAECN CABLE $36.78 CABLE SERVICES I2410 PEPPIR.ELPEP CCPFCOA7104 1R33.22 LAB SUPPLIES 1241JE PIPA SAC SVSIEFS IKC $247.161.60 RESIDUALS REMOVAL M.0.5-0-91 1241D1 PLAINS TRUEVALUE HARDVAAE 344.0E HARDWARE 124108 POLVMETRICS. INC. $10,423.34 EQUIPMENT RENTALS 124109 PCLYPL'PE INC 124,123.05 CATIONIC POLYMER M.0.3-11-92 124110 PCSIIIVE FCRPLLATCRS- INC. S241.50 CHEMICALS 124111 PREMIER FAINTING CORP. S4.834.75 PRINTING 124112 HANOLD PRIMROSE ICE 9262.50 ICE 124113 THE PROJECT SOLUTIONS CO. 54.720.00 INSTRUMENTATION INSPECTION M.0.7-17-91 124114 0UCSIROK (CRT 117.157.00 LAB EQUIPMENT 124115 NJE IRTERKATICRAL. IKC $752.32 LAB SUPPLIES 12411E RO S/SIEFS IOC $2.222.00 SECURITY SYSTEM REPAIRS 124117 PECYC INC $44,840.82 RESIDUALS REMOVAL M.0.3-13-91 124218 REGIONAL MEDIA LABORATORY 5641.57 LAB SUPPLIES X 324119 HCJUKNIK-PEPUBLIC SUPPLY 51.893.97 PLUMBING SUPPLIES = 124120 RCYAL BLEIAESS FIRMS IAC 5534.86 PRINTING 124121 RCVCE IASTRLPCN7 $232.38 INSTRUMENT PARTS 124222 RYAN-NERCO 51.777.88 METER 1 324123 JOSEPH T RYERSON A SON IN $464.08 METAL a 124124 SAFETY`MLIEN COOP $173.40 PARTS CLEANER 1 124121 SAAIR F[ IK CUSTR UL PLASTICS $3.98T.72 PLUMBING SUPPLIES LFI 12412E SIP 61KG IA ER IC $309.46 PUMP PARTS 124127 SEA COAST DESICKS 5118.52 OFFICE EQUIPMENT 124329 CITY OF SEAL BEACH $285.50 WATER USE 224129 SEL SALES INC $752.34 METER 124130 SHAMPCCK SUPFLY $110.39 HARDWARE 124131 SNURILUCM SALES 514.163.89 HARDWARE 124132 SIGMA CHEFICAL CO $40.26 PUBLICATIONS 124133 SPILL PATH. INC. $198.00 TRAINING REGISTRATION 124134 SKYPARK WALK-IN MEDICAL CLI 11.fil4.04 PRE EMPLOYMENT PHYSICAL EXAMS 124139 SFITP PIFE 1 SLPPLY IKC $251.80 PLUMBING SUPPLIES 12413E SCLTPERR CALIF IDISCK CC 5331.579.82 POWER 124137 STANCH 2 SPASSOFF FC 53.920.00 ENGINEERING SERVICES M.0.3-11-92 124130 VESTALLOV INC 91,391.41 WELDING SUPPLIES 124139 STAPLES $09.09 OFFICE SUPPLIES 124140 STAR TCCL L SUPPLY CC $6.087.80 TOOLS 124141 SIERLIKF ART $93.02 ART SUPPLIES 224142 STROPPOIKE PRIKTIKG 13.728.15 PRINTING 124143 SUMMIT STEEL $737.40 METAL 1241,44 SUN ELECTRIC CORP $232.37 TRUCE PARTS 124145 SUPER ICE CCRP S81.76 LAB SUPPLIES 124146 SUP-LITE CCRPCRATIUK 1591.34 MECHANICAL PARTS FUND NO 9199 - JT DIST WORKING CAPITAL PROCESSING DATE 0/07/92 PAGE 6 REPORT NUMBER API] COUNTY SANITATION DISTRICTS OF ORANGE COUNTY CLAIMS PAIL O8112192 POSTING DATE 08/12/92 WARRANT NO. VENDOR AMOUNT DESCRIPTION 121117 SYSTLT $205•4,O COMPUTER SOFTWARE 1241,48 TCN ASSCCIATES $421.00 LAB SUPPLIES 124149 TAYLEP-CLAR PFG CCPFAKY $390.42 BLEMRIC CART PARTS 124150 IEKONIULICS $5.064.32 MACHINE REPAIRS 124151 TELAUTOGRAPH CORPORATION 9168.35 OFFICE EQUIPMENT 12/152 THERMO ENVIRONMENTAL 5184.41 INSTRUMENT PARTS 1211l3 IHCMASOK PECPANICAL COPP 51.600.00 PUMP REPAIRS 124154 THCVPSCK IRCUSTRIAL SUPPLY 122.62 MECHANICAL PARTS 1211!! 1CKV-S LLCM L SAFE SERVICE $96.55 LOCKSMITH SERVICES 124156 TOTS LANDSCAPING CO $1.555.00 CONTMCT GROUNDSKEEPING M.O.11-13-91 124157 TRANSCHER $1,043.68 REFUND USSR FEE OVERPAYMENT 12/156 TRUCK A AUTO SUPPLY INC $230.71 TRUCK PARTS /211l9 THE LNISCLPCE CERF $363.12 OFFICE SUPPLIES 121I60 URITEC PARCEL SERVICE $315.19 PARCEL SERVICES 1211E1 VCC TESTING $7.000.00 SMISStONS TESTING 124162 VWR SCIEATIFIC SB.8/11.31 LAB SUPPLIES 124163 VS SYSTEMS INC $155.90 INSTRUMENT PARTS Ir 124161 VALLEY CITIES SUPPLY CO 11.115.79 PLUMBING SUPPLIES X 1211E! VAPIAN ARALYTICAL INSTRLMEAIS 11.123.53 LAB SUPPLIES = 124l66 VILLACE ALRSERIE£ 560.64 LANDSCAPING SUPPLIES 22/167 HATWCPTP. IRCCRPCPATEC S005.97 OFFICE FURNITURE 12116E WESTERN STATES CPEN/CAL SUPPLY $50.183.96 CAUSTIC SODA M.0.8-8-90 124169 0ESTIN ENGINEERING $2.167.20 ENGINEERING SERVICES 32/170 eESC0 22.541.40 ELECTRIC PARTS a124171 WHATPAN LAB SALES INC $25.95 LAB SUPPLIES C71 121... WHITKCY KACHIREPV IRC $1.508.58 TRUCK PARTS 32.I13 MVI T IRC $329.93 LAB SUPPLIES 12417/ VERCK CCRP SB.918.80 COPIER LEASES 124175 IIEOARTH A ALPER/C.S. ALPER $40.000.00 CONSTRUCTION P2-92-1 --------------- TOTAL CLAIRE FAIC OP112/92 $5.924.171.15 as aaa___zzaaaaaza FUND NO 9199 - OT DIST WORKING CAPITAL PROCESSING DATE OS/07/92 PAGE 7 REPORT NUMBER AP43 COUNTY SANITATION DISTRICTS OF ORANGE COUNTY CLAINS PAID O8/12/92 POSTING DATE OB/12/92 SUMMARY AMOUNT 41 OPBR FUND $595.00 42 OPER FUND P9,143.B4 42 CAP FAC FUND $6,022.15 43 OPBR FUND $24,773.87 45 OPER FOND $10,752.02 45 CAP FAC FUND $4,631.90 47 OPER FUND $2,917.07 47 CAP FAC FUND $1,862,094.30 III OPER FUND $6,691.01 414 OPER FUND $82.24 014 CAP FAC FUND $6,869.80 4556 OPER FUND $203.65 4667 OPER FUND $3,813.12 m 47614 OPER FUND $170.39 YC JT OPER FUND $1,003,566.85 = MR? $2,815,662.45 SELF FUNDED INSURANCE FUNDS P0.00 JT DIST WORKING CAPITAL FUND $145,981.49 ______________ n $5,924,,L91.15__ I V FUND NO 9199 - JT DIST WORKING CAPITAL PROCESSING DATE 0/21/92 FAGE I REPORT NUMBER AP43 CGUhTY SANITATION DISTRICTS OF ORANGE COUNTY CLAIMS PAID 09/26/92 POSTING DATE 00/26/92 WARRANT NO. VEADOR AMOUNT DESCRIPTION 124193 AG TECH COMPANY 272.305.35 RESIDUALS REMOVAL M.O.10-9-91 I241S4 ASS ANALYSIS $2.380.00 ENGINE OIL ANALYSIS 124155 A 7 A I $3.660.89 LONG DISTANCE TELEPHONE SERVICES 124196 AMERICAN IELEFHOhE 6 TELEGRAPh $1.504.01 LONG DISTANCE TELEPHONE SERVICES 124197 A T 1 T 1380.04 LONG DISTANCE TELEPHONE SERVICES 124198 AWWA/WPCF RESIDUALS MGMT $29.93 LAB SUPPLIES 124199 ACACEPIC FRESS $589.51 LAB SUPPLIES 1242C0 AIR COLE SLFFLY 19C $646.50 AIR CONDITIONER SUPPLIES 124202 AIR FRCDLCIS / CHEMICAL IN $16,815.00 O&M AGREEMENT DAY GEN SYST M.O.8-9-09 124202 RCBCO INC 6/CR APERICAN SEALS $59.22 PUMP PARTS 124203 APERSHAP CCRP $344.89 LAB SUPPLIES 1242C4 KE7EPA TAC f1.052.10 MECHANICAL PARTS 124205 ANAHEIM SEVER CCNSTRUCTION $2,009.05 EMERGENCY SEWER REPAIRS 124206 ABC LABORATORIES $1.630.00 BBRVICE AGREEMENT 124207 ART SUPPLY WMSE $97.59 ENGINEERING SUPPLIES 124208 DENTAL INS LRARCE CONSULT. $48.00 DENTAL INSURANCE ADMINISTRATOR I24209 BRL SAFEIV 1 SCPPLV $1.935.30 SAFETY SUPPLIES 124210 EARANA ELLEFPIRT $3,393.33 BLUBPRIHTING SERVICES R1 124211 B BATEFAR 1600.00 DEFERRED COMP DISTRIBUTION X 124212 BATTERY SPECIALTIES 1105.82 BATTERIES r=. 124213 BANTER DIAGNOSTICS INC $10.259.25 LAB SUPPLIES b0 224214 J A H BERGE INC $222.85 LAB SUPPLIES 1212I5 PERTECH 5526.0E ELECTRIC PARTS 12421E BCISA FACIA i[P SERVICE fBS 1.55 TRUCK REPAIRS CO 124217 RON-A-RUES $209.68 TRUCK PARTS 1 124218 DUILDER•S EMPORIUM $256.11 HARDNARB/LUMBER 124219 BUSH AhC ASECCIATES INC 91,580.00 SURVEY SERVICES M.O.6-10-92 124220 CARY G STREEC 55.455.92 PETTY CASH REIMBURSEMENT 124221 BUTLER PAPER COPPARY $737.38 OFFICE SUPPLIES 124222 CEPA $75.00 PROFESSIONAL SERVICES 324223 CM2M RILL $699.00 ENGINEERING SERVICES 124224 SUMMIT SOLLTICNS. INC $454.23 MAINTENANCE AGREEMENT 124225 CS CCMPAAY SIDI.Ti GAUGS 12422E CACOVLAK SYSIEPS INC $193.21 OFFICE SUPPLIES 124227 CAL-GLASS FOR RESEARCH INC. 1720.29 LAB SUPPLIES 124228 CALTROL INC $10.100.50 INSTRUMENT SUPPLIES 124229 CALIFCRKIS AUTO CCLLISTOR INC $1.403.94 TRUCK REPAIRS 124230 CChTLRY SAFETY INST A Sur 54.662.36 SAFETY SUPPLIES 1242!1 C"CP[ CFARKShAFI INC $570.00 FITTINGS 124232 SOUTHERN CAL PATERIAL HANDLING 53.002.99 BUILDING MATERIALS 124233 COAST FIRE EQUIPMENT 15.aSl.70 SAFETY SUPPLIES 124254 COLICH AND SONS 52.195.291.00 CONSTRUCTION I-9 124235 CCLTCN IOLIPPERT CO f405.77 TRUCK PARTS 124226 CCPPLIER AROCLCIS PLLS S/66.47 OFFICE SUPPLIES 124237 CCPPLSA. INC. $3.031.82 COMPUTER SOFTWARE/HARDWARE 124238 CON4RD-S PHOTOGRAPHY 5269.30 PHOTO SERVICES FUNO'NC 9199 41 OISI LCFKIRE CAFIIIL PROCESSING DATE 8/21/92 PAGE 2 REPORT NUMBER AP43 COUNTY SANITATION DISTRICTS OF ORANGE COUNTY CLAIMS PAID U8/26/92 POSTING DATE O6126192 WARRAKT NC. VERCOR AMOUNT DESCRIPTION 124239 COKNELL CA PARTS / DIY $2.744.22 TRUCK PARTS 124240 CONSOLIDATED ELECTFICAL GIST 95,254.95 ELSCPRIC SUPPLIES 124241 CCNTINENIAL AIR TOCLS INC 3L.R40.97 TOOLS 124242 CCKTIREKTAL CHEPICAL CC $2.195.00 CHLORINE M.O.9-9-91 124243 CCKTRACICF•S PC[K S1CRE 31.213.50 PUBLICATIONS 124244 CCCPIR 16CUSTRIES INC 3378.17 COMPRESSOR PARTS 124245 COSTA MESA AUTO SUPPLY $732.65 TRUCK PARTS 124246 CCON I LACLESALE ELECTRIC 3328.29 ELECTRIC SUPPLIES 124247 VERNE CC' CC. REAL ESTATE APFP $7.500.00 APPRAISAL SERVICES DIST 6 124244 CHARLES P CFCWLEY CC $176.59 PUMP PARTS 124249 CROON FENCE CO 3855.00 FENCING 124250 CRYSTAL CLEAR WINDOW MAINT. $2.250.00 WINDOW CLEANING 1242!1 OVE INC 3555.07 PLUMBING SUPPLIES 124252 DAMES E FCCRE 324.526.53 ENGINEERING SERVICES P1-38-3 1242!3 06KIELS 11RE SERVICE 91.332.58 TIRES 124254 PICHAEL K CASKALAMIS $6.697.50 REFUND USER FEE OVERPAYMENT 124255 BE SUCKLE 1 SONS GLASS CO 369.D8 GLASS m 124256 DELL COMPUTER CORP $287.80 COMPUTER REPAIRS X 1242l7 DElURIK AND/CP CS CO $13.717.07 VALVE PARTS = 1242!8 CIATEC [KYIRCKMERIAL $1.936.97 CHEMICALS 1242l9 CICKSCN4 $059.84 APPLIANCE 124260 DIGITAL EQUIPMENT CORP 3673.46 OFFICE EQUIPMENT 124261 DUNN EDWARDS CORP 36.O12.11 PAINT SUPPLIES 124262 DURO•SENSE CORP 3749.57 MECHANICAL PARTS l'A 124263 E.C.S. $252.00 PUBLICATION 1 1242 E4 CIL INSTRUMERTS INC $75.19 INSTRUMENT PARTS N 124265 1ASTM AN INC 36.534.04 OFFICE SUPPLIES 124266 ECOANALYSIS INC 3961.76 OCEAN MONITORING M.O.7-17-91 1242E7 ELEC741C EEL MANUFACTURIKG C 1182.48 PLUMBING SUPPLIES 124PER EKCHAKTER IKC $5,040.00 OCEAN MONITORING M.O.7-17-91 1242E5 EKVIPCKE7ICS. IKC 32.396.40 LAB SUPPLIES 124270 Ell $9.701.56 INSTRUMENT PARTS 124271 ENVIRONMENTAL RESOURCE ASSOC $646.50 LAB SERVICES 124272 EUPOTRERM RECCROERS INC $339.48 INSTRUMENT PARTS 124273 FIT SAKE AMC GRAVEL INC $326.31 ROAD BASE 124274 MARSPALL FAIPRES 378.06 DEFERRED COMP DISTRIBUTION 124275 FALCCA CISPCSAL SEAVICE $9.080.26 RESIDUALS REMOVAL M.O.10-9-91 124276 JCHH 6 FALKENSTEIN PE $3.400.00 CONSTRUCTION SERVICES I-9, 1-16 124277 FEDERAL EXPRESS CORP $267.25 AIR FREIGHT 124218 FIRST COMFANY 3256.45 JANITORIAL SUPPLIES 124279 FISCHER F PCRTEP CO $4.177.71 CHLORINATION PARTS 1242FO FISHER SCIEKIIFIC CE $371.74 LAB SUPPLIES 124281 F ISCAS INETRUPENIS $10.635.00 SERVICE AGREEMENT 124282 FLO-SYSTEMS $336.58 PUMP PARTS 1242R3 FCLSOP LAME FORD 316.987.44 TRUCK 124204 FCPEBCPC4 CCVFAhV $228.97 OFFICE SUPPLIES FUND NO 9199 - JT DIST YCRKING CAPITAL PROCESSING DATE 6/21/92 PAGE 3 REPORT NUMBER AP43 CCUNTV SANIIATICN DISTRICTS OF CRANGE COUNTY CLAIMS PAID GS/26/92 POSTING DATE GS/26/92 WARRANT NO. VENDOR AMOUNT DESCRIPTION 124285 FCUNTAIN VALLEY CAMERA $10.33 FILM 1242116 FCLNIAIR $ALLEY PAINT $1.796.57 PAINT SUPPLIES 124287 FCA IRDLS7RIAL SALES $2.261.59 JANITORIAL SUPPLIES 12628E FREEDOM IMAGING 5123.16 SERVICE AGREEMENT 324209 BUD FRET S21.IS DEFERRED COMP DISTRIBUTION 1242SO CITY OF FULLERTCN $96.91 WATER USE 124291 OTC TRUCK 1 EUS ERCUF 513.215.54 TRUCK 124252 GANAPI UPPER CC 21.113.40 BUILDING MATERIALS 120295 GARRATT-CALLAPAN COMFORT $387.90 CHEMICALS 124294 GATES FIBERGLASS INSTALLERS $1.600.00 FIBERGLASS PIPE 124295 GENERAL TELEPHONE CC SS.J80.38 TELEPHONE SERVICES 125256 GITRLICP.PITCHELI INC $2.593.77 MECHANICAL PARTS 125297 GLCEAL CCPPUTER SUFPLIES $358.31 OFFICE SUPPLIES 124298 GRAPHIC DISTRIBUTORS 595.90 CAMERA 124299 DCN GREEN 6 ASSOCIATES 919,959.00 SURVEY SERVICES M.0.6-10-92 124300 HACH CCPFANV SSS1.45 LAB SUPPLIES 124SC1 FRED A FARFER 51.500.00 DEFERRED COMP DISTRIBUTION m 1293C2 HARRINGICN INDUSTRIAL PLASTI 5331.78 FITTINGS X 124303 HATCH 6 KIRK INC 5592.00 MECHANICAL PARTS 2 124304 PL HAWN CO INC $194.19 FILTERS 124305 MILEY IRE $2.004.75 ELECTRIC PARTS I243C6 MI SIAR'EAFE ALICPCTIVE 5370.25 TRUCK REPAIRS 124307 HCEFEP SCIENTIFIC INSIR. 51.262.58 LAB SUPPLIES 124308 HOERBIGER CVS CALIF INC $2.107.70 COMPRESSOR PARTS UU 124309 HONE CONTROLS OIV MOKE. INC. 9362.21 VALVE 1 I2A]10 J.T. FORVATH 1 ASSOC. 22,100.00 CONSTRUCTION SERVICES J-23-1, J-17 W 129311 A HL6P EI CC INC $1.124.31 PAINT SUPPLIES 126312 HURIIKGTCR BLACP RUBBER SIR 579.25 OFFICE SUPPLIES 124313 HUNTINGTON VALLEY SCHWINN C $129.10 BICYCLE PARTS 12431/ IND INDUSTRIES 51.692.21 ELECTRIC SUPPLIES 124315 IRP PECHANALVSIS 1255.08 INSTRUMENT 124316 THE ICEA EONK $144.80 PUBLICATION 124317 IMFERIAL $EST CHEMICAL $13.005.18 FERRIC CHLORIDE M.O.11-10-90 1243I8 INDUSTRIAL THREADED PRODUCTS $1.201.57 CONNECTORS 124319 INSIDE E.P.P. S13T.25 PUBLICATION 124320 INTEPYOLNIAIN SCIENTIFIC CCRP 570.51 LAB SUPPLIES 124321 INSTPCMENI SPECIALISTS 53.660.00 INSTRUMENT RENTAL 124322 INTEGRA7EC BUSINESS INT. INC /95.115.00 LAB FURNITURE M.O.0-8-92 124323 PACTIL TELETRAC 125.00 TELEPHONE SERVICES 124324 INTERSTATE BATTERY SYSTEMS $243.41 BATTERIES 124395 IRVINE MAKCH WATER DISTRICT $4.90 WATER USE 124326 GREAT VESTERA SANITARY SUPP $779.49 JANITORIAL SUPPLIES 124327 JIP.S SLSFENSICN SERVICE 130.00 VEHICLE REPAIRS 124328 JOHNSTONE SUPPLY $749.71 ELECTRIC PARTS 124329 JONES CHEMICALS INC $6.214.74 CHEMICALS 124330 JOKES INDUSTRIAL HARDWARE C $169.25 TOOL FUND NO 9199 - JT OIS 1.T VCRNIKG CAPITAL PROCESSING DATE 8121/92 PAGE 1 REPORT NUMBER AP43 COUNTY SANITATION DISTRICTS OF ORANGE COUNTY CLAIMS PAID 08/26/92 POSTING DATE 08/26/92 WARRANT NC. VE60CA AMOUNT DESCRIPTION 124331 KARS. ADVANCED MATERIALS INC 14.995.00 LAB SERVICES 324312 MINE BEARING INC 11.503.19 MACHINE SUPPLIES 121333 KNCR INCISTRIAL SUPPLIES SI.423.71 TOOLS 124334 LAW OFFICES OF MISERY L LAVOIE $111.01 LEGAL SERVICES - FLORES V. DALEY 124335 LEARN KEY $54.95 COMPUTER SOFTWARE 124336 LEWCO ELECTRIC CO f302.92 TRUCK REPAIRS 1243-7 LIFECCM-SAFETY SERVICE SUPPL $107.75 SAFETY SUPPLIES 124336 SCCC.LVNCP CCRF 5702.72 JANITORIAL SUPPLIES 124339 MPS $203.32 PHOTOGRAPHIC SERVICES 124340 MACOMCO $316.07 SERVICE AGREEMENT 124341 HAG SYSTEMS 5559.D2 INSTRUMENT 124342 MAINTENANCE PPOCUCTS INC 5396.52 MECHANICAL PARTS 124313 FARCTC PCICRE 552.50 TONING SERVICES 124341 MARVAC ELECIRCKICS 397.15 INSTRUMENT SUPPLIES 124345 MATT - CHLOR INC $338.88 CHLORINATION PARTS 124346 DON MAURER $2.640.00 OCEAN MONITORING 124341 MCBAIN INSTRUMENTS 52.259.77 INSTRUMENTS m 124348 PEASLPEPEFI VARIABLES 5985.19 INSTRUMENT PARTS X 124349 PERICIAR EIAGNCSTICS INC f273.00 LAB SUPPLIES = 121350 MES CO MPANV f18.826.13 MECHANICAL REPAIRS 121351 MIDWAY PFG S FACNINING f9.890.37 MECHANICAL PARTS " 1213!2 FINE SAFETY APPLIANCES CC $4.291.17 SAFETY SUPPLIES 1243l3 PIRKESOTA WESTERN VISUAL FPES. $437.94 VIDEO SUPPLIES 124354 P.ISSICN AEPASIVE SUPPLIES 5260.21 HARDWARE bG 124355 MITCHELL INSTRUMENT CO 51.254.00 ELECTRIC EQUIPMENT 12121356 MLADEN RURTICH CONSTRUCTION $171.252.00 CONSTRUCTION 2-30 13--7 NATICRAL SAFETY COLNCIL $191.10 SAFETY FILM RENTAL /243!0 RATIONAL IARIIAPV SLFPLV $109.04 JANITORIAL SUPPLIES 124359 NEW ERUKSLICK SCIENTIFIC SR.919.60 LAB SUPPLIES 124360 NEWPRK ELECTRONICS 913.03 INSTRUMENT SUPPLIES 124361 NGRTHWESTERN CARBON 15.119.60 CHEMICALS 1213E2 NOVELL $425.62 COMPUTER SOFTWARE 124363 ON SYSTEMS CC $51.105.92 CHLORINE M.0.20-9-91 124364 OLYPFUS CCRF $23.795.00 INSTRUMENT 124365 ORACLE CORPORATION 1550.00 PROFESSIONAL SERVICES 124366 ORANGE COUNTY CHEMICAL CO $3.979.02 HYDROCHLORIC ACID 1293E1 CRANCE VALVE A FITTING CC. f1./58.78 FITTINGS 124368 CNYGER SERVICE 52.138.56 SPECIALTY GASES 124369 CSOOC SELF-FUNDED PEDICAL I f100.000.00 PREMIUM ADVANCE 124370 COUNTY SANITATION DISTRICT $631.29 REIMBURSE WORKERS COMP INSURANCE 124371 PC SYSTFPS DESIGN 590.618.57 COMPUTER HARDWARE H.O.6-30-92 124372 PACIFIC FARTS 529589.13 COMPRESSOR PARTS 124313 PACIFIC SAFETY EQUIPMEKI CC 5792.19 SAFETY SUPPLIES 124374 PACIFIC EELL 1271.38 TELEPHONE SERVICES 124375 PACIFIC WATER CONDITIONING C $68.40 RENTAL EQUIPMENT 124376 PAK WEST 9130.97 JANITORIAL SUPPLIES FUND NE 9199 - JT DIST UCRKIhG CAPITAL PROCESSING DATE 8/21/92 PAGE 5 REPORT NUMBER AP43 COUNTY SANITATION DISTRICTS OF ORANGE COUNTY CLAIMS FAZE 08/26/92 POSTING DATE O8/26192 WARRANT NC. VEROCR AMOUNT DESCRIPTION 124377 PALMIER]. TYLER. WIENER. $3,373.00 LEGAL SERVICES - OIL WELLS 124378 PARTS LNLIP17ED $1.296.00 TRUCK PARTS 124379 RCV FERtERGRAFT $464.00 DEFERRED COMP DISTRIBUTION 1293E0 FICNSICM TAPER $350.45 OFFICE SUPPLIES 124381 PIFA GRC SYSTEPS INC $117.403.28 RESIDUALS REMOVAL M.0.5-8-91 124382 PIONEER BANK $16.062.40 CONSTRUCTION RETENTION 5-34-3 124383 PLASTIC INDUSTRIES $149.34 PLASTIC BOTTLES 129509 PCLIPURE INC $21.046.00 CHEMICALS 124385 PCREIICS CCPP $607.96 LAB SUPPLIES 124386 PCUER ELECTRC SUPPLY CO 1783.62 ELECTRIC SUPPLIES 124387 PREMIUM CONNECTING POINT $231.66 OFFICE SUPPLIES 224388 PREMIER PRINTING CORP. 3431.00 PRINTING 1243P9 HAROLC PRIMPOSE ICE 330A.00 ICE 124390 ThE FPO.ECT SOLUTIONS CC. 39.968.00 INSTRUMENTATION INSPECTION M.0.7-17-91 124351 FRC-TECH LAB $5.250.00 PUMP PARTS 324392 RMR ENGINEER INS/"ILL TPONICS 3629.95 INSTRUMENT 124393 STEVE P. RADOS. INC. 1461.686.50 CONSTRUCTION 10-1-IA-2 FTI 124394 RAINPCW CISPCSAL CC $1.430.09 TRASH REMOVAL X 124355 RECYC INC 559.896.57 RESIDUALS REMOVAL M.0.3-13-91 = 124396 PEOI EXPRESS 340.95 MESSENGER SERVICES �D 124397 RA REED ELECTRIC $1.282.97 ELECTRICAL REPAIRS 1233SO IMF REGISTER SBO5.35 NOTICES 6 ADS --I 129399 MCJUNNIR.PIPUBLIC SUPPLY $7.059.79 PLUMBING SUPPLIES bG 1294C0 RCSEPCUNT ANALVIICAL 3846.7B INSTRUMENT PARTS 129A61 RUSEMOUNT/UNILOC $2.U35.67 INSTRUMENT PARTS In 129902 PEGGY RUPP 3540.00 DEFERRED COMP DISTRIBUTION 129903 RYAN-HERCC 313.589.60 PUMPS 124404 SAFETY-KLEEN CORP 52.928.54 PARTS CLEANER 1244CB SAND OCLLAR OLSINESS FCRPS $720.06 PRINTING 129406 SANTA ANA ELECIPIC MOTORS 3265.46 ELECTRIC PARTS 329407 SANTA FE INDUSTRIAL PLASTICS 59.993.59 PLUMBING SUPPLIES 129008 SCHERING-FLOUGU 398.00 SAFETY SUPPLIES 124909 SCMVIhG APCRICA $1.257.20 ELECTRIC PARTS 129410 SCIENCE FFPLICATIONS Ihl-L $28.063.69 OCEAN MONITORING M.O.6-12-91 129911 SEA COAST DESIENS $1.348.24 OFFICE EQUIPMENT 129412 SHINPO AMERICA CORP $95.39 METER 129913 SHUREIUCK SALES $11.075.75 HARDWARE 129414 SIGMA CHIFICAL CO 137.64 LAB SUPPLIES 124915 SILYENI 6 LE BCUEF $199.561.60 CONSTRUCTION 5-30-3 129416 SKYPARK UALK-IN MEDICAL CL1 51.011.50 PRE-EMPLOYMENT PHYSICAL EXAMS 129417 SMITH-F.MEPY Cr. 3799.00 SOIL TESTING M.O.7-17-91 12401A SCUTH CCAST WATER $95.00 EQUIPMENT RENTAL 124419 SCUThCRK CALIF EDISON CC $215,652.14 POWER 129420 SO CAL GAS CO 19.322.29 NATURAL GAS 129921 SCUTHFRN COUNTIES OIL CO 316.464.67 DIESEL/UNLEADED FUEL 129R22 SEUVERIR F"TO 291.87 FILM PROCESSING FUND MC 9199 • JT GIST UCRKINC CAPITA PROCESSING DATE 8/21/92 FADE 6 REPORT NUMBER AP43 COUNTY SANITATION DISTRICTS OF ORANGE COUNTY CLAIMS PAID 08/26/92 POSTING DATE 08/26/92 WARRANT NO. VERCOR AMOUNT DESCRIPTION 124423 SPARKLETTS ORINKING WATER $2.615.62 COOLER RENTALS/DRINKING WATER 124424 WESIALLCY INC $1.917.80 WELDING SUPPLIES 124425 SPECIAL12EC PROCLCIS CC $467.31 ELECTRIC PARTS 121126 SPEX INDUSTRIES INC $1.474.37 LAB SUPPLIES 129421 GRECO FLEXIBLE $130.28 TRUCK PARTS 124426 SUPELCO IRC 21.173.54 LAB SUPPLIES 124429 SLFER CPIP CCPF 5379.117 CHEMICALS 129430 TAYLCP-CUAK FFG COMPANY $07.281.24 ELECTRIC CART PARTS 124431 OR GEORGE TCHO6ANOGLOUS 9972.00 ENGINEERING SERVICES 124432 TEKOPAULICS 521.056.51 MECHANICAL PARTS 124933 37 EOUIPPENT CCFPAAY $235.05 FITTINGS 1200I9 1CKY.S LICK L SAFE SERVICE S495.48 SECURITY SERVICES I24435 TRAVEL TRAVEL 5729.00 TRAVEL SERVICES M.O.6-10-92 124936 TRUCK 1 /UYC SUPPLY INC $819.15 TRUCK PARTS 129431 JG TUCKEP L SCR INC 52.918.95 INSTRUMENT SUPPLIES 128938 ULTRA SCIENTIFIC $938.00 LAB SUPPLIES 124939 UNOCAL $76.00 UNLEADED GASOLINE m 124440 UNITEC CCNCRETE COFPANIES $945.54 CONCRETE X 129441 UKIIEO PARCEL SERVICE $340.64 PARCEL SERVICES .!. 124492 UNITED STATES ELEVATOR CORP $236.50 MAINTENANCE AGREEMENT C" 129443 VUR SCIENTIFIC $3.086.75 LAB SUPPLIES 124 9A4 VALLEY CITIES SUPPLY CO S1.7R7.92 PLUMBING SUPPLIES 324415 VALL ET CL 1R 01T DIFSEL i1P A10.59 ENGINE PARTS GF1 1244V6 VANIEP BUSINESS FORMS 5587.08 OFFICE SUPPLIES C1 129447 VARIAN ANALYTICOL INSTRUMENTS 54.517.42 LAB SUPPLIES 129995 VERTEX SISTEFS 3812.50 COMPUTER DATA SUPPORT 124119 VILL/EC ALRSERIES 5861.3E LANDSCAPING SUPPLIES 129950 WATER EKVIRCNPENI FED. $197.45 PUBLICATION 124451 WESTERN STATES CHEMICAL SUPPLY $50.924.32 CAUSTIC SODA M.O.8-8-90 124152 WESTIRGHCLSE ELECTRIC COPP 5319.80 ELECTRIC PARTS 1294E3 61LLtAN ASSCCIAIES 53.397.61 ENGINEERING SERVICES 129959 VI TEG SCIENTIFIC 1468.72 LAB SUPPLIES 124455 XEROX CORP $2.052.46 COPIER LEASES 124456 GECRGE YARDLEY CC $700.83 LAB SUPPLIES 1244'--7 lIERARIP AKC ALPER 962.194.33 CONSTRUCTION PI-30-1 124958 RICHARD E ECGAR $200.00 DEFERRED COMP DISTRIBUTION ----------------- TOTAL CLAIMS PAID 08/26/92 24.638.553.95 FUND NO 9199 - JT DIST WORKING CAPITAL PROCESSING DATE 8/21/92 PAGE 7 REPORT NUMBER AP43 COUNTY SANITATION DISTRICTS OF ORANGE COUNTY CLAIMS PAID 08/26/92 POSTING DATE 08/26/92 SUMMARY AMOUNT 01 CAP FAC FUND $46,763.65 E2 OPER FUND $6,381.83 82 CAP FAC FUND $171,723.28 P3 OPER FUND $27,292.05 R3 CAP FAC FUND - $596.28 05 OPER FOND 44,635.SB N5 CAP FAC FUND $260,624.00 R6 OPER FUND $26.69 B7 OPSR FUND $4,275.75 p7 CAP FAC FUND $10,708.45 R11 OPER FUND $677.18 414 CAP FAC FUND $430,455.85 R566 OPRR FUND $3,838.74 m 47614 OPER FUND $5,430.74 X JT OPER FUND $826,685.01 CORF $2,679,507.03 Op SELF FUNDED INSURANCE FUNDS $101,023.30 JT DIET MORNING CAPITAL FUND $157,907.44 -� ______________ w $4,638,553.95 V COUNTY SANITATION DISTRICTS OF 1 ORANGE COUNTY, CALIFORNIA MINUTES OF THE ADJOURNED REGULAR MEETING OF DISTRICTS NOS. 19 29 39 59 69 71 AND 11 AND THE SPECIAL MEETING OF DISTRICTS NOS. 13 AND 14 ON SEPTEMBER 16, 1992 r�J�PN%SATIOV ,p •aa�liNa Oioe�I6TV N 'snae 195 ,�y 0�Hce c0131' t ADMINISTRATIVE OFFICES 10844 ELLIS AVENUE FOUNTAIN VALLEY, CALIFORNIA ROLL CALL An adjourned regular meeting of the Boards of Directors of County Sanitation Districts Nos. 1, 2, 3, 5, 6, 7 and 11 of Orange County, California, and a Special Meeting of the Boards of Directors of County Sanitation Districts Nos. 13 and 14 of Orange County, California, was held on Septemaer 16, 1992 at 7:30 p.m., in the Districts' Administrative Offices. Following the Pledge of Allegiance and invocation the roll was called and the Secretary reported a Quorum present for Districts Nos. 1, 2, 3, 5, 6, 7, 11, 13 and 14 as follows: ACTIVE DIRECTORS ALTERNATE DIRECTORS ' DISTRICT NO. 1: Dan Griset, Chairman x Robert Richardson x Fred Barrera, Chat nnan pro tem —Gene Beyer x Thomas R. Saltarelli —_Leslie A. Pontious -7--Roger Stanton Don R. Roth x James A. Wahner _James Ferryman DISTRICT NO. 2: x Henry W. Waded, Chat man John M. Gullixson =John Collins, Chairman pro tem —George Scott x Fred Barrera —_Gene Beyer -7--Buck Catlin _Chris Herby 7--Barry Denes Bob Bell =William D. Mahoney —_Jme as H. Flora -7--Robert H. Main Norman Culver =Carrey J. Nelson —_Glenn Parker a Arthur G. Newton —John 0. Tynes -7--Iry Pickier Fred Hunter a Miguel Pulido —Dan Griset x Roger Stanton _Don R. Roth DISTRICT NO. 3: x Sal A. Saplen, Chairman Harry M. Dotson =Burnie Dunlap, Chairman pro tem —_Carrey J. Nelson =Buck Catlin Chris Herby =John Collins —George Scott -7--Homan Culver —Robert H. Main =James V. Evans —Margie L. Rice x James H. Flora —William D. Mahoney 7—Don R. Griffin —Rhonda J. McCune =Frank Laszlo —_Gwen A. Forsythe =Pat McGuigan Robert Richardson -7--Eva G. Miner —Larry Herman �✓ -Richard Partin _Cecilia L. Age x Iry Pickier Fred Hunter =Jtm Silva —_Earle Robitaille =Roger Stanton Don R. Roth =Charles Sylvia —Ronald Bates DISTRICT NO. 5: x Ruthelyn Plummer, Chat man Evelyn Hart Phil Sansone, Chat resin pro in _x C. Cox, Jr. =Don R. Roth =Roger Stanton DISTRICT NO. 6: xJames A. Wahner, Chat man _Dick Sherrick x Evelyn Hart, Chat nnan pro tern Ruthelyn Plainer -7--Don R. Roth —Roger Stanton DISTRICT NO. 7: x Charles E. Puckett, Chat resin _Thomas R. Saitarelli =James A. Mahner, Chairman pro tan Nate Reads =Fred Barrera —Gene Beyer x John C. Cox, Jr. Ruthelyn Plummer =Robert Richardson =Miguel Pulido =Don A. Roth Roger Stanton_ =Sally Anne Sheridan _Barry Hammond DISTRICT NO. 11: x Grace Winchell, Chat man Linda Moulton-Patterson Jack Kelly, Chairman pro tern x Don MacAllister =Roger Stanton _Don R. Roth DISTRICT NO. 13: x Jahn M. Gullixson, Chat rm n _Henry W. Wedae =Fred Barrera, Chat naan pro tern _Gene Beyer a Glenn Parker Burnie Dunlap =Iry Plckler —Fred Hunter -7--Don R. Roth _Roger Stanton DISTRICT NO. 14: x Peer A. Swan, Chat man _Darryl Miller �✓ z Leslie A. Pontious, Chat resin pro tem Charles E. Puckett x Fred Barrera —Gene Beyer =Don R. Roth —Roger Stanton x Sally Anne Sheridan _Barry Hammond -2- 09/16/92 STAFF MEMBERS PRESENT: J. Wayne Sylvester, General Manager, Thomas M. Dawes, Gary G. Streed, - Penny Kyle, Assistant Board Secretary, 1 Nick Arhontes, Corrine Clawson, �•d Gary Hasenstab, Ed Hodges, Bob Ooten, Mary Simpson OTHERS PRESENT: Thomas L. Woodruff, General Counsel , / Dick Sherrick DISTRICTS 1,2,3,5,6,7 8 11 Public hearing and adoption of ordinances increasin an g sitary sewer Service Charges Public Hearing The Joint Chairman announced that this was the time and place fixed by the Boards of Directors of County Sanitation Districts Nos. 1, 2, 3, 5, 6, 7 and 11 for a public hearing on the following proposed Ordinances, Amending Ordinances Establishing Sanitary Sewer Service Charges: Amending Repealing District Ordinance No. Ordinance No. Ordinance No. 1 121 109 118 2 216 210 213 3 319 309 316 5 528 516 525 6 622 609 619 7 729 725 N/A 11 1118 1108 1115 Open Public Hearing The Chairman declared the hearing open at 7:42 p.m. Public Comments The Chairman called for public comments. There were none. DISTRICTS 1, 2, 3 5, 6, 7 8 11 Report and Discussion The General Counsel reported that the the proposed ordinances, which increase 1992-93 sewer service fees to make up for the loss of local Districts' property taxes confiscated by the State, were introduced for first reading at the September 9, 1992 Board meeting. He referred the Directors to the reports of staff and the Fiscal Policy Committee pertaining to this matter and included with the agenda material , and stated that if any of the variations set forth in the General Manager's Report, which include a recalculated lower sewer service fees based on subsequent information received from the County Auditor, were included in the ordinance by action of the Directors, then the actual adopted -3- 09/16/92 ordinances will reflect those changes. The legal notification of the ordinances included a notation that the Boards, without further notice and public hearing, could set a lesser rate. However, there is no authority to set higher rates without further legal notification and public hearings. The General Manager then reported that during the budget process the 1 Boards considered reports from staff and General Counsel concerning the potential impact of the State's action that was initially proposed in the spring to take property taxes away from special districts. As the discussions between the Governor and the Legislature narrowed during the summer months, in mid-August staff prepared and provided the Directors with reports on the potential impacts based upon the best information available at that time, as well as alternatives that the Boards could consider in order to address those impacts. Mr. Sylvester stated that on September 2nd, the day that the Governor signed the new budget, the Fiscal Policy Committee met and considered those alternatives. He referred to the Committee's Report included in the Directors' agenda material , reviewing the alternatives along with a recommendation to increase the 1992-93 sewer service fees to make up for the loss of Districts' property taxes seized by the State. Those fee increases were introduced at the September 9th Board meeting. Since then staff has been having on-going discussions with the County Auditor. Several issues have become clarified at both the State level and the County Auditor's level , and this data was included in the General Manager' s written report included with the agenda material . He then asked the Director of Finance to review the tables contained in \✓ that report. Gary Streed, Director of Finance, referred to the four tables included with the referenced General Manager's Report and reviewed them with the Directors. He reviewed the provisions of the State's budget action which shifts 35% of special districts local property taxes to the State. However, if the 35% transfer does not meet the State' s $375 million state-wide target, then the County Auditor is authorized to shift up to an additional 5%, up to a total of 40%, all subject to a 10% cap based on total revenue of the agency. He pointed out that the Fiscal Policy Committee's report notes that the specific user fee adjustment recommendations were subject to further refinement upon receipt of additional information that was pending from the County and State. Certain provisions of the State' s new budget have since been clarified and we have received more current information on the property tax base upon which the shift will be calculated, and the total revenue base against which the 10% cap applies. It appears as if the 10% cap will apply in Districts Nos. 5, 7 and 11, thus reducing the amount to be confiscated by the State for those Districts. The amounts in each of the other Districts has also been reduced somewhat. Based on this new information, staff has recalculated the user fee increases necessary to replace the lost property taxes based on a 35% seizure, not to exceed 10% of total revenue, as summarized in the report, and which are less for each District than the rates introduced by -4- 09/16/92 ordinances at the September 9th Board meeting. The single family residential fee increases now calculated range between $8.24 and $21.75 per year and the 1992-93 average total fee would be $72.14; whereas the fee increases introduced at the September 9th meeting ranged between $9.16 and $37.15 per year and the average annual fee total was $74.18. Mr. Streed also pointed out that several months ago the Directors took an action to dedicate property tax revenues to the payment of 1 outstanding debt. The language in the State' s budget exempts taxes used for debt service, however, this issue is still in question as it pertains to our Districts. At this time, the County Auditor will only use the constitutional definition of debt and will not honor the resolutions the Boards took. A copy of the resolutions and General Counsel ' s opinion have been sent to the County Auditor and they are reviewing them but they have said it will take them at least lYi months for a final determination and will require some guidance from the State. He further noted that because of the time requirements for action for 1992-93, any favorable decision could be taken into account In setting rates for 1993-94. In response to Directors' questions concerning the possibility of a legal challenge to SB 844, the State's budget act which includes the tax shift provisions, and any unfavorable ruling on the debt exemption issue, the General Counsel reported that some agencies and/or state-wide associations are considering that and his office was monitoring it, but a lot would depend on any forthcoming interpretations or rulings on the various issues. In response to a question concerning the consideration of future budgetary cuts as an alternative to increasing sewer service fees, the General Manager reported that the Fiscal Policy Committee had spent a great deal of time discussing that very issue at their meeting on September 2nd. In developing the 1992-93 budgets, perhaps the good news was that we had information at that time to indicate that there was a strong likelihood that we were going to lose property taxes because of the proposal of the Governor early in the Spring. In developing the budgets, the Committee took that into consideration. Overall in the nine Districts they cut $54 million out of the budget. The Committee also discussed at considerable length the fact that they felt further cuts to the budget would Jeopardize the Districts' financial and operational integrity and, thus, the Districts' ability to meet the commitments of these Boards to the level of wastewater service that we have provided to the community and for environmental and public health protection, and most particularly the coastal . communities because of the ocean pollution issues. He also referred to the summary discussion in the Committee's report on the issue of budgetary cuts. Directors asked for a review of the $54 million budget cutback by the Director of Finance. Mr. Streed reviewed the 1992-93 budget cuts in some detail , summarized as follows: -5- 09/16/92 The total budget for 1991-92 was $592.4 million. The 1992-93 budget, as adopted, was a decrease to $538.2 million, hence the $54.2 million cut. Of the major budget categories the Joint Treatment Works budget was cut from $50 million to $48.6 million, a decrease of $1.4 million or a 9% cut. The collection systems' budget was cut from $11.4 million `...J to $11.3 million, or $100,000. The most significant decrease was in • the treatment plant construction appropriations. That was decreased $33.5 million, down from $114 million to $80.5 million. He further reported that the individual Districts also have trunk sewer capital 1 improvement programs. Their budget for capital improvements was decreased $700,000 down from $30.1 million to $29.4 million. General obligation debt and COP service was the one item that increased because the Districts Just issued $98.5 million in COPS on September 1st which increased debt service $3.5 million in the budget. He observed that the remainder of the budget difference is attributable to the reserves program that was reviewed and discussed several times by the Boards during the last year. The new reserve approach including operating reserves, cash flow reserves, contingency reserves, insurance reserves, environmental reserves and capital improvement reserves are all part of the Boards' adopted long-range financial strategy. That overall reduction in the reserves of $22.0 million, coupled with the $32.2 million in the aforementioned budget categories, add up to the $54.2 million reduction in the total budget. There followed a general discussion of the issues pertaining to the State's current and projected seizures of Districts' property taxes vis-a-vis the Districts' budget and short and long-term financial position and strategy. In response to questions, staff clarified certain operational , capital and debt service budgetary items, budgeted versus actual expenditures, and the effect of major multi-year construction projects on annual budgetary requirements, cash flow and carryover. The Directors also further discussed the issue of additional budget reductions or project/program delays and the relationship to maintaining the Districts' operational and financial integrity and the Boards' commitment to the residents and communities for standards of service and environmental and public health protection. Also pointed out was the possible impact of compromising the Boards' adopted 2020 VISION Wastewater Management Plan on the Districts' 301(h) NPDES Permit which saves ratepayers about $50 million annually. Also discussed were the pros and cons of acting this year to raise fees to make up for the loss in property taxes seized by the State versus delaying any action until next year, and how that might be viewed by State legislators and the Governor when they are considering whether to confiscate remaining Districts' local property taxes in future years. It was the consensus of Directors that the Boards had acted responsibly in previously cutting the 1992-93 budget and holding the line on fees, and that the disadvantages of alternatives to raising the 1992-93 sewer service charges to make up for the loss of property taxes diverted by the State outweighed by the advantages and, further, that not Increasing the fees would send the wrong message to Sacramento and Districts' users. The following actions were then taken: Close Hearing The Chairman declared the hearing closed at 7:44 p.m. -6- 09/16/92 DISTRICT 1 Moved, seconded and duly carried: Second Reading of Proposed Ordinance No. 121 That proposed Ordinance No. 121, An u Ordinance of the Board of Directors of County Sanitation District No. 1 of Orange County, California, Amending Ordinance No. 109 Establishing Sanitary Sewer Service Charges, and Repealing Ordinance No. 118, be read by title only; and, 1 FURTHER MOVED: That the second reading of said ordinance in its entirety be, and is hereby, waived, whereupon the Secretary read Ordinance No. 121 by title only. DISTRICT 1 Moved, seconded and duly carried by Adopting Ordinance No. 121 the following roll call vote: AYES: Fred Barrera, Chairman pro tem, Robert Richardson, Thomas R. Saltarelli , James A. Wahner NOES: Roger R. Stanton ABSENT: None That Ordinance No. 121, An Ordinance of the Board of Directors of County Sanitation District No. 1 of Orange County, California, Amending Ordinance No. 109 Establishing Sanitary Sewer Service Charges, and Repealing Ordinance No. 118, be, and is hereby, adopted. DISTRICT 2 Moved, seconded and duly carried: - Second Reading of Proposed Ordinance No. Z15 That proposed Ordinance No. 216, An Ordinance of the Board of Directors of County Sanitation District No. 2 of Orange County, California, Amending Ordinance No. 210 Establishing Sanitary Sewer Service Charges, and Repealing Ordinance No. 213, be read by title only; and, FURTHER MOVED: That the second reading of said ordinance in its entirety be, and is hereby, waived, whereupon the Secretary read Ordinance No. 216 by title only. DISTRICT 2 Moved, seconded and duly carried by Adopting Ordinance No. 216 the following roll call vote: AYES: Henry W. Wedaa, Chairman, Fred Barrera, Buck Catlin, John Collins, Barry Denes, William D. Mahoney, Carrey J. Nelson, Iry Pickler NOES: Robert H. Main, Roger R. Stanton ABSENT: Arthur G. Newton, Miguel Pulido ti That Ordinance No. 216, An Ordinance of the Board of Directors of County Sanitation District No. 2 of Orange County, California, Amending Ordinance , No. 210 Establishing Sanitary Sewer Service Charges, and Repealing Ordinance No. 213, be, and is hereby, adopted. - �.s 09/16/92 DISTRICT 3 Moved, seconded and duly carried: Second Reading of Proposed Ordinance No. 1 That proposed Ordinance No. 319, An Ordinance of the Board of Directors of County Sanitation District No. 3 of Orange County, California, Amending Ordinance No. 309 Establishing _ Sanitary Sewer Service Charges, and Repealing Ordinance No. 316, be read by title only; and, FURTHER MOVED: That the second reading of said ordinance in its entirety be, and is hereby, waived, whereupon the Secretary read Ordinance No. 319 by title only. DISTRICT 3 Moved, seconded and duly carried by Adopting Ordinance No. 319 the following roll call vote: AYES: Sal Sapien, Chairman, Buck Catlin, John Collins, Burnie Dunlap, James H. Flora, Don R. Griffin, Frank Laszlo, Pat McGuigan, Eva G. Miner, Richard Partin, Iry Pickler, Charles E. Sylvia NOES: Norman E. Culver, James V. Evans, Jim Silva, Roger R. Stanton ABSENT: None That Ordinance No. 319, An Ordinance of the Board of Directors of County Sanitation District No. 3 of Orange County, California, Amending Ordinance No. 309 Establishing Sanitary Sewer Service Charges, and Repealing Ordinance No. 316, be, and is hereby, adopted. DISTRICT 5 Moved, seconded and duly carried: Second Readin of Proposed rd nance o. That proposed Ordinance No. 528, An Ordinance of the Board of Directors of County Sanitation District No. 5 of Orange County, California, Amending Ordinance No. 516 Establishing Sanitary Sewer Service Charges, and Repealing Ordinance No. 525, be read by title only; and, FURTHER MOVED: That the second reading of said ordinance in its entirety be, and is hereby, waived, whereupon the Secretary read Ordinance No. 528 by title only. DISTRICT 5 Moved, seconded and duly carried by Adopting Ordinance No. 528 the following roll call vote: AYES: Ruthelyn Plummer, Chairman, John C. Cox, Jr. NOES: Roger R. Stanton ABSENT: None That Ordinance No. 528, An Ordinance of the Board of Directors of County Sanitation District No. 5 of Orange County, California, Amending Ordinance No. 516 Establishing Sanitary Sewer Service Charges, and Repealing Ordinance No. 525, be, and is hereby, adopted. -8- 09/16/92 DISTRICT 6 Moved, seconded and duly carried: Second ReadinQ of Proposed Ordinance NO. bZZ That proposed Ordinance No. 622, An 1 1 Ordinance of the Board of Directors �.✓ of County Sanitation District No. 6 of Orange County, California, Amending Ordinance No. 609 Establishing Sanitary Sewer Service Charges, and Repealing Ordinance No. 619, be read by title only; and, FURTHER MOVED: That the second reading of said ordinance in its entirety be, and is hereby, waived, whereupon the Secretary read Ordinance No. 622 by title only. DISTRICT 6 Moved, seconded and duly carried by Adopting rdinance No. 622 the following roll call vote: AYES: James A. Wahner, Chairman, Evelyn Hart NOES: Don R. Roth ABSENT: None That Ordinance No. 622, An Ordinance of the Board of Directors of County Sanitation District No. 6 of Orange County, California, Amending Ordinance No. 609 Establishing Sanitary Sewer Service Charges, and Repealing Ordinance No. 619, be, and is hereby, adopted. DISTRICT 7 Moved, seconded and duly carried: Second Reading of Proposed Ordinance No. lzq That proposed Ordinance No. 729, An Ordinance of the Board of Directors of County Sanitation District No. 7 of Orange County, California, Amending Ordinance No. 725 Establishing Sanitary Sewer Service Charges; and, FURTHER MOVED: That the second reading of said ordinance in its entirety be, and is hereby, waived, whereupon the Secretary read Ordinance No. 729 by title only. DISTRICT 7 Moved, seconded and duly carried by Adopting rd nance No. 729 the following roll call vote: AYES: Charles E. Puckett, Chairman, Fred Barrera, John C. Cox, Jr. , Robert Richardson, Sally Anne Sheridan, James A. Nahner NOES: Don R. Roth ABSENT: None That Ordinance No. 729, An Ordinance of the Board of Directors of County Sanitation District No. 7 of Orange County, California, Amending Ordinance No. 725 Establishing Sanitary Sewer Service Charges, be, and is hereby, adopted. 1 / -9- 09/16/92 DISTRICT 11 Moved, seconded and duly carried: Second Reading of Proposed rtlinance o. 11111 That proposed Ordinance No. 1118, An Ordinance of the Board of Directors of County Sanitation District No. 11 of Orange County, California, Amending Ordinance No. 1108 Establishing Sanitary Sewer Service Charges, and Repealing Ordinance No. 1115, be read by title only; and, • FURTHER MOVED: That the second reading of said ordinance in its entirety be, and is hereby, waived, whereupon the Secretary read Ordinance No. 1118 by title only. DISTRICT 11 It was moved that proposed Ordinance Ordinance No. 1118 failed to pass No. 1118, An Ordinance of the Board of Directors of County Sanitation District No. it of Orange County, California, Amending Ordinance No. 1108 Establishing Sanitary Sewer Service Charges, and Repealing Ordinance No. 1115, be adopted. - The motion failed by lack of a second. DISTRICTS 1, 2, 3. 5, 6 8 7 Moved, seconded and duly carried: Directin the Count Auditor- Controller to Include sewer service That the Boards of Directors hereby char ng with 992-es on ro ert tax bills adopt the following resolutions commenci sca year directing the County Auditor-Controller to include sewer service charges on the property tax bills, pursuant to Ordinances of County Sanitation Districts Nos. 1, 2, 3, S. 6 and 7 of Orange County, California, commencing with the 1992-93 fiscal year: District Resolution No. Ordinance No. 1 92-130-1 121 2 92-131-2 216 3 92-132-3 319 5 92-133-5 528 6 92-134-6 622 7 92-135-7 729 Director Roger R. Stanton requested that his opposition to voting on Resolution No. 92-130-1 be made a matter of record. Director Roger R. Stanton requested that his opposition to voting on Resolution No. 92-131-2 be made a matter of record. Directors Norman E. Culver, Jim Silva and Roger R. Stanton requested that their opposition to voting on Resolution No. 92-132-3 be made a matter of record. Director Don R. Roth requested that his opposition to voting on Resolution No. 92-133-5 be made a matter of record. Director Don R. Roth requested that his opposition to voting on Resolution No. 92-134-6 be made a matter of record. Director Don R. Roth requested that his opposition to voting on Resolution No. 92-135-7 be made a matter of record. Said resolutions, by reference hereto, are hereby made a part of these minutes. -10- 09/16/92 ALL DISTRICTS General Counsel reported to the General ounsel s omments Prior to Directors of the need for a closed Closed Session session as authorized by Goverment Code Section 54956.9 to review: 1) Request for authorization to initiate litigation against the manufacturer and general contractor on Districts' two jobs relating to the co-generation internal combustion engines. ALL DISTRICTS Moved, seconded and duly carried: Convene in closed Bess on ursuan To Government ode ection 54956.9 The Boards convened in closed session at 9:13 p.m. pursuant to Government Code Section 54956.9. Confidential Minutes of the Closed Session held by the Board(s) of Directors have been prepared in accordance with California Government Code Section 54957.2 and are maintained by the Board Secretary in the Official Book of Confidential Minutes of Board and Committee Closed Meetings. ALL DISTRICTS At 10:29 p.m. the Boards reconvened Reconvene in regular session in regular session. DISTRICT 1 Moved, seconded and duly carried: Adjournment That this meeting of the Board of Directors of County Sanitation District No. 1 be adjourned. The Chairman then declared the meeting so adjourned at 10:29 p.m., September 16, 1992. DISTRICT 2 Moved, seconded and duly carried: Adjournment That this meeting of the Board of Directors of County Sanitation District No. 2 be adjourned. The Chairman then declared the meeting so adjourned at 10:29 p.m., September 16, 1992. DISTRICT 3 Moved, seconded and duly carried: Adjournment That this meeting of the Board of Directors of County Sanitation District No. 3 be adjourned. The Chairman then declared the meeting so adjourned at 10:29 p.m., September 16, 1992. DISTRICT 5 Moved, seconded and duly carried: Adjournment That this meeting of the Board of Directors of County Sanitation District No. 5 be adjourned. The Chairman then declared the meeting so adjourned at 10:29 p.m., September 16, 1992. DISTRICT 6 Moved, seconded and duly carried: Adjournment That this meeting of the Board of Directors of County Sanitation District No. 6 be adjourned. The Chairman then declared the meeting so adjourned at 10:29 p.m., September 16, 1992. DISTRICT 7 Moved, seconded and duly carried: Adjournment That this meeting of the Board of Directors of County Sanitation District No. 7 be adjourned. The Chairman then declared the meeting so adjourned at 10:29 p.m. , September 16, 1992. -11- 09/16/92 DISTRICT 11 Moved, seconded and duly carried: Adjournment That this meeting of the Board of s Directors of County Sanitation District No. 11 be adjourned. The Chairman then declared the meeting so adjourned at 10:29 p.m. , September 16, 1992. DISTRICT 13 Moved, seconded and duly carried: Adjournment That this meeting of the Board of Directors of County Sanitation District No. 13 be adjourned. The Chairman then declared the meeting so adjourned at 10:29 p.m. , September 16, 1992. DISTRICT 14 Moved, seconded and duly carried: Adjournment That this meeting of the Board of Directors of County Sanitation District No. 14 be adjourned. The Chairman then declared the meeting so adjourned at 10:29 p.m., September 16, 1992. As istant S a Lary f the Boards of Directors f cou ty Sanitation Districts Nos. 1, 2, 3, 5, 6, 7, 11, 13 and 14 -12- COUNTY SANITATION DISTRICTS / Al ORANGE COUNTY. CALIFORNIA ' Octdtler 14, 1992 tO�IF�DEN� ��//7/,� IOSAA ELLIS AVENUE PO SOX 8127 FOUNTAIN VALLEY.CALIFORNIA WZ28-8127 1 MEMORANDUM i TO: Board Members RE: Plant 2 Central Power Generation System Engines BACKGROUND At the September Stith Board meeting the Directors received the second report from Mr. Gregory Beshouri , Vice President of Engineering, Advanced Engine Technologies Corporation (AETC) the independent expert consultant engaged by the Districts' General Counsel to determine the cause of the damage to the Plant 2 Central Power Generation System engines. He reviewed the findings and reported that AETC's investigation had concluded that the damages had been caused by breach of contractual obligations, in part by Cooper Energy Services (the engine manufacturer) and in part by Brinderson Corporation (the building and engine installation manufacturer). STATUS �✓ Staff and Counsel also reported a major breakthrough in discussions earlier that day with Cooper and Brinderson regarding repairs to the engines. Prior to that date, both Cooper and Brinderson had steadfastly denied any responsibility. However, we believe largely as a result of the investigative work to date, they have now tentatively agreed to cooperatively participate in correcting the problems. Proposed Three-Party Settlement Agreement: Basically, the tentative agreement was that Cooper, Brinderson and the Districts would enter into a three-party agreement to provide for resolution of the relative responsibilities of the respective parties for the cost of fixing the engines, to be determined by negotiation among the parties and based upon the forensic evaluation and conclusions undertaken as part of the disassembly and restoration/repair. In the event that the parties cannot agree among themselves as to the allocation of responsibility, the matter would be referred to a binding arbitration process that could hopefully be concluded within 5 months of commencement. The way the disassembly and repair process would essentially work is that two of the five engines would be selected and Cooper would tear down two engines under the direction and observation of a forensic team consisting of representatives of all three parties who would participate and share in the forensic infornation, determine the exact extent of the damages; repair the engines, troubleshoot the controls, and get the data logging system up and running. Concurrently, Brinderson would repipe and flush the lube oil system; clean and _ All Board Members CONFIDENTIAL October 14, 1992 Page Two of Five bring up the ,jacket water, fuel gas add starting air systems; and recalibrate the controls. The Districts, in addition to participating in the forensic work, would re-engineer the lube oil piping (by Brown and Caldwell , the consulting design engineer) and engage AETC to provide the expertise to protect the Districts' interests, conduct certain forensic tasks, and oversee the work to make sure it's done correctly. Once the two engines are disassembled and inspection is complete, the evidence and costs would be evaluated by all the parties and an attempt made to agree to the respective share of financial responsibility to be allocated to each. If the parties fail to reach agreement among themselves, the matter would be submitted to an arbitrator who would determine and assign responsibility. This would also serve as the basis for determining responsibility on the remaining three engines (with the possible exception of Engine Al if it is determined that Brinderson has added culpability for that engine's damages because of the incorrect installation of the oil filters). Concurrently with the evaluation and allocation process, Cooper will proceed to reassemble and repair the disassembled engines. This approach has several benefits: (1) The parties with contractual responsibilities (Cooper and Brinderson) would be stepping forward to address and correct the problem, rather than involving outside parties. (2) The responsibility for damages and the corrective measures, would be allocated among the parties through an evaluation process by all three of the parties commencing at the conclusion of the disassembly. (3) Warranty/guarantee disputes and claims relating to (a) equipment, and (b) performance (air emission standards) , would be minimized. (4) Costly and lengthy litigation would be avoided by the parties agreeing to binding arbitration of the unresolved issues relating to allocation of financial responsibility. At the September 16th meeting the Boards authorized staff and Counsel to negotiate an agreement providing for a resolution based on the above-described procedure. The Districts' General Counsel and the attorneys for Cooper and Brinderson are working on a three-party agreement to effect the above tentative agreement based on the provisions set forth in the attached September 29th letter to Cooper and Brinderson from Mr. Woodruff. All Board Members CONFIDENTIAL October 14, 1992 Page Three of Five Cost: As might be expected, the major issue to be resolved is the cost of performing the work. Currently, we have estimates as follows, some of which were received as recently as today: Estimated Outside Casts (a) II Alternative 1 Alternative 2A Alternative 2B Item of Mork Cooper Thomason CISERV IIII Engine Repairs $2,028,726 (b) $1,733,160 (c) $ 990,000 (d) (parts, labor, etc.) Lube Oil Repiping 300,000 (e) 300,000 (e) 100,820 (f) SUBTOTAL- Repair Costs $2,328,726 $2,033,160 $1,090,820 Cooper Forensic Analysis 143,000 AETC Forensic Analysis 43,200 92,400 92,400 AETC Oversight 91.800 360,000 360,000 TOTAL $2,606,726 $2,485,560 $1,543.220 (a) Excludes any costs of crankshaft grinding, which at this time the consultant does not believe will be necessary (b) Estimates provided by Cooper Energy Services (c) Estimates provided by Thomason Mechanical Corporation, solicited by Brinderson (d) Estimates provided by Allborg CISERV, solicited by the Districts (e) Estimate provided by Brinderson but does not include flushing or overhead costs (f) Estimated provided by Allborg CISERV The Districts' staff and consultant, AETC, are analyzing the various proposals to make sure that they are complete and comparable, vis-a-vis the scope of work to be performed and, thus, they cannot be considered firm or final at this point, although we have reason to believe they are representative of the effort ..J required based on the best information we have today. All Board Members CONFIDENTIAL October 14, 1992 Page Four of Five OPTIONS The Districts have two basic options. They are: (1) Cooper/Brinderson/Districts' Settlement Agreement: If the three-way settlement agreement between the Districts, Cooper and Brinderson can be successfully negotiated we can then move forward. This is the most desirable for the reasons herein above set forth. The major issue will be reaching agreement on the costs. Because it is believed that Cooper and Brinderson are responsible for the engine problems and, thus, will ultimately have to pay for the work as determined by the parties or an arbitrator, this means they are the key to an agreement. It can be argued that since it is believed that the Districts bear no responsibility (or minimally at worst) then the cost doesn't significantly matter to the Districts. Nonetheless, staff believes j that it is in everyone's best interests that the work be accomplished at a fair and reasonable cost. Cooper and Brinderson would presumably prefer to have the work done pursuant to their respective proposals. However, they may not agree on the prices. (2) Districts Order Work Done and Sue Cooper/Brinderson: If the three parties cannot agree on the settlement agreement and or costs, then the Districts can order the work done and file suit against Cooper and Brinderson to �.,.� recover the costs and enforce all other contractual provisions. If this becomes necessary, in all likelihood the Districts would engage CISERV to perform the work. RECOMMENDATIONS Staff and Counsel recommend that the Boards delegate authority to the Executive Committee to: I (1) If a three party settlement agreement can be worked out, authorize J execution of the agreement between Cooper, Brinderson and the Districts, in form approved by the General Counsel , in an amount to be determined based on final cost estimate (and approved by the Executive Committee). (2) If a three-party agreement cannot be worked out, authorize staff and General Counsel to order the work done, engage a firm or firms to perform the work in an amount to be determined based on final cost estimates (and approved by the Executive Committee) ; and further authorizing the General Counsel to initiate appropriate legal actions to recover the costs, including consequential damages, and to enforce all of Districts' rights and interests. All Board Members 'October 14, 1992 Page Five of Five (3) Authorize staff to engage Advanced Engine Technologies Corporation to conduct forensic evaluations of the engine problems and to oversee their repair, based on the current anticipated scope of work: (a) If work is performed pursuant to a three-party settlement agreement, in an amount not to exceed $135,000. (b) If the Districts order work done and have to sue Cooper/Brinderson, in an amount not to exceed $452,400. S vey e star JWS:sc er ralI J Ro-CLP tX 1'Ynn�CUI'�• CAI CC SCSIqpy-«SLVxq COvlpvAnpx CL ICPeON6 Vlal SSB90CC CRAIC,O I RRm GTC ISCSi N iL[Vu1 BCSnB) ,."A.w. I..BAT.x SUITE '000 O16 E.I., ..0 TOI SOVTN PGRNCR STREET R LOCAS ORANGE. CALIFORNIA 92888 NCR I.N �A Lu.A... wRITER'S oIw ECT DIAL NUw ER N 'CVOICN 7ROMA6 F. N 6C. .OVRCC ./CNN R.9Niw (714) 564-2605 AwLNCE wi.1R, SP CANICL 6.SP.AOON A '"o.i l.ol x+ ,A. woo _ September 29, 1992 1 ) Earl D. Weed III, Esq. Cooper Industries P.O. Box 4446 Houston, TX 77210 and Mr. Ronald Smith Vice-President J Brinderson Corporation 19800 MacArthur Boulevard, Ste. 1400 Irvine, Ca. 92715 Re: County Sanitation Districts of orange County Contract Nos. J-19-2 and J-19A Gentlemen: This letter will serve to confirm the basic understanding and agreement among Cooper. Industries, doing business as C-B Reciprocating ("Cooper") , Brinderson Corporation ("Brinderson") and County Sanitation Districts of Orange County ("Districts") , relating to the current issues to resolve the contaminated and damaged engines manufactured by Cooper, installed by Brinderson and owned by the Districts. First, it was agreed that this Firm would be responsible for drafting the proposed Settlement Agreement by and among the parties to encompass the resolution of responsibility for bringing the engines to full operating performance. It is anticipated that the draft Agreement, which should be forthcoming within the next ten (10) days, would set forth the following: • Recitals. Reference to the December 31, 1987 Agreement J by and between Cooper and Districts, and Amendment Nos. 1, 2 and 3 thereto, Job No. J-19A. Page Two September 29, 1992 �� • Reference to the March 19, 1990 Agreement by and between Brinderson and Districts, Job No. J-19-2. • Summary of the J-19A Agreements: • Summary of terms, including compliance schedule, delivery/completion dates, installation supervision services by Cooper, and price. • Summary of the J-19-2 Agreement: • Summary recital of terms, completion date, reference to change orders and price. • Reference to acceptance by Districts of engines at the rail head. • Warranty periods. • Discovery of contaminants. • Need for examination by tear down of engines. TERMS OF THE AGREEMENT IIII 1. Cooper to tear down and repair Engine Nos. 2 and 5 I immediately after execution of this Agreement. 2 . Brinderson to tear down and repair the lube oil piping systems, Engine Nos. 2 and 5, immediately after execution of this Agreement. J . Districts to redesign and re-engineer the lube oil system. 1 4 . The tear down of Engine Nos. 2 and 5 will be done on a II forensic basis with all parts and engine/compressor components recorded, logged, identified and photographed in accordance with a procedure jointly agreed to by the parties. 5. Cooper will provide the labor and material at their expense; do the disassembly; repair and restore to full service performance standards on Engine Nos. 2 and 5. I 6. Brinderson will provide the labor and material to make the necessary repairs and restore to performance service standards of the lube oil system. Page Three September 29, 1992 `.� 7. All personnel assigned for work on the engine compressor units by Cooper will be qualified personnel as approved by Districts. a. Cooper will provide, prior to commencement of any work, a schedule of time to effect the tear down and an additional schedule to effect the repair and rehabilitation of Engine Nos. 2 and 5. 9. Cooper will provide, prior to commencement of any work, a scooe of work and a maximum cost to affect the work contained in the scope, which scope and cost shall be approved prior to commencement by both Brinderson and Districts. All work performed by Cooper on Engine Nos. 2 and 5 shall be participated in by Brinderson and Districts to the extent of allowing Brinderson and Districts to have observers. 10. All work to be performed by Brinderson with respect to the lube oil system on Engine Nos. 2 and 5 will be participated in by Cooper and Districts to the extent of providing observers. 11. All parties will have full and equal access and receive copies of all information obtained during the forensic disassembly of Engine Nos. 2 and 5. �7 12. The final allocation of responsibility for the damages, if any, and the costs of repair, as determined to be applicable for Engine Nos. 2 and 5 by and among Cooper, Brinderson and the Districts, shall be the basis for allocation of the financial responsibility for the disassembly, repair and restoration to full performance service of Engine Nos. 3 and 4, without need for further forensic examination and protocol compliance. The parties will be bound with regards to Engine Nos. 3 and 4 by the determination of Engine Nos. 2 and 5. The allocation of financial responsibility for the cost of repair and restoration to full performance standards of Engine No. 1 shall be agreed to by and among the parties, or in the event of such agreement which shall be subject to the arbitration procedures, as further outlined in the Agreement. By undertaking the immediate efforts to disassemble Engine No. 2 and 5 for purposes of ascertaining the cause and scope of the damages, cost of repair and the allocation of responsibility, each party reserves all of its legal rights to assert and recover its I damages from the other parties. This right of recovery will be as adjudicated in accordance with the arbitration procedures set forth \J Pa4e =our September 29, 1992 in the Agreement. Upon completion of the disassembly of Engine Nos. 2 and 5, as agreed to by the parties, the following schedule of calendar days, and the procedural requirements to resolve disputes and allocate ultimate financial responsibility for the damages, if any, incurred by each party, shall be as follows: 13. Day No. i - Disassembly of Engine Nos. 2 and 5 is deemed complete. 14. Day No. 28 - Each party shall submit to the other two parties, a statement of the case to the other parties, setting forth the following: • A list of their factual contentions relating to cause, scope and responsibility; • Identification accompanied by a submittal of all documents that support the contentions set forth. • Identification of all individuals within that party's control who are designated to be witnesses in any proceeding and a summary of the expected testimony of said witness. • Itemization of all evidence to be submitted for consideration. • Itemization of all legal contentions and points and authorities to be relied on. 15. Day No. 35 - A joint meeting of all three parties to include persons with authorization to effect settlement and legal counsel of each party's choice, to meet with the pre-selected facilitator for purposes of meeting, conferring and negotiating a full and complete resolution of the issues to and including allocation of financial responsibility. IN THE EVENT NO MUTUAL AGREEMENT AMONG THE PARTIES IS ARRIVED AT: 16. Day No. 49 - A report of the mediation meeting with the facilitator and all parties will be prepared by each party, setting forth those items that have been agreed to by and among the parties and the issues being necessary to be arbitrated. Each party shall set forth therein any supplemental contentions of fact or law not previously set forth in its Day No. 28 report, and each party shall further identify the names and expected testimony of any expert witnesses. PeOe live September 29, 1992 17. Day No. 50 to Day No. 100 - Undertake and completion of all discovery, including limited interrogatories and depositions. 18. Day No. 130 - Each party to submit an arbitration brief to the designated Arbitrator, together with the written testimony of all witnesses to be proffered to the Arbitrator for consideration. 19. Day No. 140 to Day No. 146 - Arbitration Hearing. :with regards to the general rules relating to a facilitator in arbitration, the following was also agreed to: 20. Each party would review a list of retired judicial personnel employed by Judicial Arbitration & Mediation Service ("JAMS") , and the parties would jointly agree to the selection of one individual to act as the facilitator in the meeting to be held I on Cav No. 35, as referenced above. 21. The parties further agree that they will each review the personnel employed by JAMS to select a single, retired jurist to serve in the capacity as Arbitrator for the review and consideration of all proffered evidence and to conduct the hearing on Dav Nos. 140 - 146. In the event the parties are unable to agree upon a single Arbitrator, each party, upon notice from any `J one party, shall then select an Arbitrator of their choice, and the three selected Arbitrators shall serve as a panel to render the decisions in accordance with the procedure set forth in the Agreement. All selected Arbitrators shall come from the personnel list of JAMS. 22. The parties agree that the Arbitrator shall be given certain limited authorization and discretion to issue orders to modi:y the Agreement with respect to evidence and witnesses upon request of any party and upon the proof of a good faith showing of need _or variation in the agreed-upon terms. 23. Each party will be limited to take a total of two (2) depositions, which may be selected from either of the other two parties. In addition, each party shall make all non-party expert witnesses available for deposition. The party taking the experts deposition shall be responsible to pay reasonable expert fees for the deposition. Each party shall be entitled to submit thirty interrogatories to each of the other parties. 24 . The supplemental report to be filed on Day No. 49 shall not include any new witnesses, except for good cause and upon approval of the order of the Arbitrator. Page Six September 29, 1992 I 25. The selection of the mediator will occur prior to Day No. 1. The selection of the Arbitrator will occur prior to Day No. 28. While I believe this to be a full and complete itemization of the major points of concept approval agreed to by the parties, please advise as soon as possible if you believe I have overlooked something or if in fact a new item that may have been overlooked by all should be considered. I believe it is the understanding of all that the success of proceeding with this Agreement rests with the ability to reach an agreement as to the scope of work and the cost to effect the scope of work. we will await receipt of that information from Cooper by September 30, 1992. In view of the consensus to expedite all facets of the proceedings and perhaps most importantly the approval of this Agreement and the commencement of the disassembly and restoration of the engines, I would urge that this receive your immediate attention, and any comments, suggestions or questions be forwarded as soon as possible. Very truly yours, ROURKE & WOODRUFF Thomas L. Woodruff General Counsel R\\'''01 cc: Mr. J. W. Sylvester I u I� APPENDIX A TO STAFF REPORT, DATED OCTOBER 15, 1992 REGARDING Results of Negotiations re Reimbursement for Error and Omissions Change Orders and — Review of Construction Contract Change Order Practices COUNTY SANITATION DISTRICTS OF ORANGE COUNTY 1992 r r r r The purpose of this report is to provide additional information and clarification for specific items of work for four (4) change orders that were presented to the Board of Directors at their regular meeting on Wednesday, September 9, 1992. r The specific items in questions are the result of omissions or r errors in the design drawings by the consulting engineers that resulted in plan changes and consequently, extra work. As noted in the Manager's Report of subject meeting, there will be a r partial recovery of costs from the consulting engineer. r r r r W r r r r r r r TABLE OF CONTENTS r Section I - Central Laboratory J-17 J:R. Roberts Corporation Change Order 12 r Items 1,3,5,6,7,8,9,10,17 and 13 r, Section II- Central Power Generation System At Plant No. 1 J-19 Hunter Corporation Change Order 13 r Items 1,2,3,4 and 5 Section III- Construction of Digesters Nos. 11-16 At Plant No. 1 P1-34-3 Advanco Constructors V Change Orders 13 Items 1 and 2 r Section IV - Electrification of Pump Drives At Plant No. 2 P2-42-1 Ziebarth s Alper Construction Co. r Change Order 5 Items 2,3 ,5 and 6 r r r r r r r r C. 0. NO. Twelve (121 CONTRACTOR: J.R. Roberts Corporation DATE September 9. 1992 _ JOB: CENTRAL LABORATORY, JOB NO. J-17 DESIGNER BOYLE ENGINEERING CORPORATION Item I - ADDITIONAL STRUCTURAL SUPPORT FOR A. C. UNITS _ The Contractor was directed to furnish and install two additional 14-inch x 26-inch steel beams, one under Air Conditioner No. 2 and the other under Air Conditioner No. 3. The actual structural steel layout of specified air conditioner units was different than shown on the contract drawings. This item was negotiated with the Contractor pursuant to Section 10-6(b) (2) (A) of the General Provisions. (Reference: JRR CDR 19) ADDED COST THIS CHANGE ORDER ITEM: $ 1,282.00 TINE EXTENSION THIS CHANGE ORDER ITEM: 0 Calendar Days RECOMMENDATION FOR ALLOCATION OF EXTRA COSTS ON CHANGE ORDERS COST: TOTAL ASSIGNED TO DESIGNER: LABOR : $ 710.00 O MATERIAL : $ 197.00 ,0 EQUIPMENT: $ 300.00 p MARK-UP : $ 84.00 $ 42.50 TOTAL: $1282.00 $ 42.50 Item 1 Continued Next Page � i V C.O. No. Twelve (12) If Item 1 6w Job No. J-17 r Justification For Recommended Allocation Districts policy dictates that equipment or materials may not be recommended from one source which is called "sole sourcing" . Contract specifications call for a particular type of equipment or equal. Therefore, after that contract has been awarded, the Contractor will search for the piece of equipment that meets the specifications at the lowest possible price. Neither the Design nor the Districts know what the actual physical dimensions of the equipment may be until it is presented to the Districts by the Contractor for review. Therefore another structural member had to be added under the proposed air conditioner unit in order to be safely mounted on the roof. This could have been avoided if the contract included language that any necessary modifications for "or equal" equipment is the ` : responsibility of the contractor. u Lr I 4 I 1,+ r V L _ C. 0. NO. Twelve (12) CONTRACTOR: J.R. Roberts Corporation DATE September 9. 1992 JOB: CENTRAL LABORATORY JOB N0. J-17 DESIGNER BOYLE ENGINEERING CORPORATION Item 3 - DOUBLE STUD WALL AT STAIRS NO. 1 AND 3 The Contractor was directed to provide double studs for radius walls of stairs No. 1 and No. 3 in order to fill five-inch gap between landing and framing. The gap was created by a dimensional error between the Structural and Architectural Drawings. This item was negotiated with the Contractor pursuant to Section 10-6(b) (2) (A) of the General Provisions. (Reference: RFI 159 and 160, JRR CDR 36R) ADDED COST THIS CHANGE ORDER ITEM: $ 1,992.00 TIME EXTENSION THIS CHANGE ORDER ITEM: 0 Calendar Days _ RECOMMENDATION FOR ALLOCATION OF EXTRA COSTS ON CHANGE ORDERS COST: TOTAL ASSIGNED TO DESIGNER: LABOR : $ 880 .00 $ 880.00 MATERIAL : $ 851 .60 $ 851 .60 EQUIPMENT: 0.00 0 .00 MARK-UP : $ 260.40 $ 260.40 TOTAL:$1992 .00 $1992.00 U C.O. No. Twelve U j Item 3 Job No. J-17 II Ir Justification For Recommended Allocation _ II r There was a dimensional error between the structural and architectural drawings. This error created a gap between the stair landing pan and the metal studwall. The engineer was assessed 100% of the cost of this item. I ' Id � i v If v b L L VI � I v L u L L C. 0. NO. Twelve (12) CONTRACTOR: J.R. Roberts Corporation DATE September 9. 1992 JOB: CENTRAL LABORATORY JOB NO J-17 DESIGNER: BOYLE ENGINEERING CORPORATION Item 5 - ADDITIONAL STRUCTURAL SUPPORTS FOR ELEVATOR The Contractor was directed to furnish and install additional structural supports for the elevator. These were required by the State Elevator Inspector in order to meet code. This item was negotiated with the Contractor pursuant to Section 10-6(b) (2) (A) of the General Provisions. (Reference: JRR CDR 60R) ADDED COST THIS CHANGE ORDER ITEM: $ 6,500.00 TIME EXTENSION THIS CHANGE ORDER ITEM: 0 Calendar Days , 1 1 � RECOMMENDATION FOR ALLOCATION OF EXTRA COSTS ON CHANGE ORDERS COST: TOTAL ASSIGNED TO DESIGNER: LAB➢R :$ 4500 .00 0 MATERIAL :$ 1500.00 0 EQUIPMENT:$ 131. 00 0 MARK-UP :$ 369 .00 $ 184.50 TOTAL:$ 6500.00 $ 184 .50 L I� u C.O. No. Twelve (12) L' Item 5 Job No. J-17 r Justification For Recommended Allocation li The State of California elevator inspector required additional II structural support for the elevator guide rails after the rails were installed. It is the engineers responsibility to design per code. The cost of this item of work would have increased the bid by an equivalent amount. Staff recommends that the designer L reimburse for added costs, at 50% of the overhead and profit. L v � I r L 60 V li �.i V L L L L r C. 0. NO. Twelve (12) CONTRACTOR: J.R. Roberts Corporation DATE September 9. 1992 r JOB: CENTRAL LABORATORY JOB NO. J-17 DESIGNER: BOYLE ENGINEERING CORPORATION Item 6 - SHEET METAL COVERS FOR A. C. FILTER UNITS The Contractor was directed to provide sheet metal covers for the four air conditioner filter units. The covers are necessary to protect against water leakage through the A.C. platform into the building. The covers were not shown or called out on the Contract Drawings. This item was negotiated with the Contractor pursuant to Section 10-6(b) (2) (A) of the General Provisions. (Reference: JRR CDR 50) ADDED COST THIS CHANGE ORDER ITEM: $ 1,279.00 TIME EXTENSION THIS CHANGE ORDER ITEM: 0 Calendar Days ■ ��1lmll� r . r r RECOMMENDATION FOR ALLOCATION r OF EXTRA COSTS ON CSANGE ORDERS COST: TOTAL ASSIGNED TO DESIGNER: r LABOR : $ 548.00 0 MATERIAL : $ 548.00 0 EQUIPMENT: $ 0 .00 0 _... _ MARK-UP : $ 182.00 0 .SAL$ 1278 .00 0 U U C.O. No. Twelve y Item 6 Job No. J-17 V Justification For Recommended Allocation II This item was added by staff to prevent problems, should a leak occur. It is part of the "belt and suspender " approach that staff uses is, always backups. It is not a designer error. Iu L i V � I W L L+ I IV U L Lr �L Ld r C. 0. NO. Twelve (12) CONTRACTOR: J.R. Roberts Corporation DATE September 9. 1992 r JOB: CENTRAL LABORATORY, JOB NO. J-17 DESIGNER: BOYLE ENGINEERING CORPORATION r Item 7 - RESURVEY CURB The Contractor was required to recalculate and to resurvey the curb for the r sample drop off turnout. This was due to an error in the curve data on the Contract Drawings. This item was negotiated with the Contractor pursuant to Section 10-6(b) (2) (A) of the General Provisions. (Reference: JRR CDR 72) ADDED COST THIS CHANGE ORDER ITEM: $ 956.00 TIME EXTENSION THIS CHANGE ORDER ITEM: 0 Calendar Days r f r � r r r r r r RECOMMENDATION FOR ALLOCATION r OF EXTRA COSTS ON CHANGE ORDERS COST: TOTAL ASSIGNED TO DESIGNER: LABOR : $ 819 .00 $ 819 .00 MATERIAL : 0.00 0 EQUIPMENT: 0.00 0 r MARK—UP : $ 137 .00 $ 137.00 TOTAL: $ 956.00 $ 956.00 C.O. No. Twelve Item 7 Job No. J-17 r Justification For Recommended Allocation V There was a error in the curve date on the contract drawings. I , The contractors surveyor was required to recalculate and restake `, curb at the sample drop turn out. The engineer was assessed 100% of the cost of this item. u L .r Ij L L u L IL' I ' IUI W C. 0. NO. Twelve (121 CONTRACTOR: J.R. Roberts Corporation DATE September 9. 1992 JOB: CENTRAL LABORATORY, JOB NO. J-17 DESIGNER: BOYLE ENGINEERING CORPORATION item 8 - VARIOUS DRYWALL REVISIONS The Contractor was directed to furr walls, columns, and steel pasts in Rooms 103, 105, 115. 121, 212, 213, 222, 227, 229, and 231,, soffit in Room 115. The Contractor also provided a stainless steel cap for sill and ceramic tile for window jambs of Room 118. The furring of walls and columns is required for casework to line up and to cover vent ducts. The stainless steel cap and ceramic tile is to extend maintenance. This item was negotiated with the Contractor pursuant to Section 10-6(b) (2) (A) of the General Provisions. (Reference: JRR CDR 71R and 77R. FCO 40) ADDED COST THIS CHANGE ORDER ITEM: $ 13,140.00 TIME EXTENSION THIS CHANGE ORDER ITEM: 7 Calendar Days C. 0. NO. Twelve ( 12 ) u Date September 9 , 1992 Page 2 Job: CENTRAL LABORATORY, JOB NO. J-17 VI Item 8 - VARIOUS DRYWALL REVISIONS u r `r u u r RECOMMENDATION FOR ALLOCATION OF EXTRA COSTS ON CHANGE ORDERS V COST: TOTAL ASSIGNER TO DESIGNER: I , LABOR : $ 9,911.00 0 MATERIAL : $ 2,170.00 EQUIPMENT: $ 0 0 - MARK-Up $ 1,059 .00 0 I u TOTAL: $ 13,140 .00 0 L Iv W W W W C.O. No. Twelve W Item 8 Job No. J-17 W Justification For Recommended Allocation W This is the furring if walls, columns, steel post, soffit and the rear of a drinking fountain added by change orders. The cost of W this item should not be the responsibility of the engineer. W W W W W W J W W W W C. 0. NO. Twelve (12) CONTRACTOR: J.R. Roberts Corporation DATE September 9. 1992 JOB: CENTRAL LABORATORY, JOB NO. J-17 w DESIGNER: BOYLE ENGINEERING CORPORATION Item 9 - MODIFY SITE WORK The Contractor was directed to construct, pursuant to the revised design, the .. loading dock, concrete ramp, six-foot cross gutter, front entry sidewalk, handicap ramp, and to add handicap ramp, bollard, and wire mesh at rear sidewalk. Also to remove plaster and install 3/4-inch channel screed at two locations on the north face of the building, replaster and refog seal , the entire panel . The Contractor was also directed to delete 1,118 linear feet of asphalt paving, 24 linear feet of curb, and 170 square feet of gutter. The revisions are required in order to comply with Federal Register, Americans with Disabilities Act Title 24, Access to Public Buildings. Deleted items of work to be completed by others. This item was negotiated with the Contractor pursuant _ to Section 10-6(b) (2) (A) of the General Provisions. (Reference: FCO 41, JRR CDR 78R) ADDED COST THIS CHANGE ORDER ITEM: $ 9,694.00 TIME EXTENSION THIS CHANGE ORDER ITEM: 20 Calendar Days _ _ RECOMMENDATION FOR ALLOCATION _ OF EXTRA COSTS ON CHANGE ORDERS COST: TOTAL ASSIGNED TO DESIGNER: LABOR : $ 9,159 .00 0 MATERIAL : 0 .00 0 EQUIPMENT: 0.00 p MARE-UP $ 535.00 0 TOTAL: $ 9,694 .00 0 C. O. NO. Twelve (12) CENTRAL LABORATORY, JOB NO. J-17 DATE September 9,1992 ITEM 9 -MODIFY SITE WORK Page 2 i 4� l� C.O. No. Twelve Item 9 Job No. J-17 � i W Justification For Recommended Allocation W The District directed design changes were made to enhance the use of the facility and to meet the requirements of Americans with Disabilities Act, Title 24, Access to Public Buildings. This Act v took effect after the project was designed, therefore the engineer should not be responsible for these costs. u L L Lr V V L L L L C. 0. NO. Twelve (12) CONTRACTOR: J.R. Roberts Corporation DATE September 9. 1992 JOB: CENTRAL LABORATORY, JOB NO. J-17 DESIGNER: BOYLE ENGINEERING CORPORATION Item 10 - MODIFY GRAVITY CONVEYORS, DISH SINK, AND HOOD The Contractor was directed to revise the gravity conveyers, dish sink and hood in Room 118. This work consisted of notching and rewelding supports, relocating mounting clips, conveyor modifications, and additional engineering to accomplish the new layout. The Contractor was also directed to fabricate and install stainless steel support legs for hood and 316 stainless steel valve handle guide for dish sink. Revisions were necessary in order for the room to funct'on as intended. Weight of hood would not allow anchoring into wall only. 30-inch valve extensions required support. This item was negotiated with the Contractor pursuant to Section 10-6(b) (2) (A) of the General Provisions. (Reference: JRR CDR 92R) ADDED COST THIS CHANGE ORDER ITEM: S 6,622.00 TIME EXTENSION THIS CHANGE ORDER ITEM: 14 Calendar Days t RECOMMENDATION FOR ALLOCATION ., OF EXTRA COSTS ON CHANGE ORDERS COST: TOTAL ASSIGNED TO DESIGNER: _. LABOR $ 5 , 882 .00 $4 ,451 .00 MATERIAL : $ 740 .00 $ 607 .00 EQUIPMENT: 0 MARK-UP 0 TOTAL: $ 6, 622 .00 $5,058 . 00 C. 0. NO. Twelve (12 ) DATE September 9, 1992 Page 1 s JOB: CENTRAL LABORATORY, JOB NO. J-17 e ITEM 10 - ADDITIONAL LAB CHASES 44 n - yN _ C.O. No. Twelve ,J Item 10 Job No. J-17 - i w Justification For Recommended Allocation V Rework of equipment was necessary because of incomplete information on specified equipment and omission of details from the contract drawings. The engineer should pay $5,058. of the u cost of this item. J �J Yy L 1..1 V I IJ 1� L C. 0. NO. Twelve (12) CONTRACTOR: J.R. Roberts Corporation DATE September 9. 1992 JOB: CENTRAL LABORATORY, JOB NO. J-17 DESIGNER: BOYLE ENGINEERING CORPORATION Item 11 - ADDITIONAL LAB CHASES The Contractor was directed to furnish and install four extra lab chases to conceal power, telephone, and data conduit to the lab tops from the second floor ceiling. The Contract Drawings did not show the lab casework being fed from below. This item was negotiated with the Contractor pursuant to Section 10-6(b) (2) (A) of the General Provisions. (Reference: JRR CDR 95) ADDED COST THIS CHANGE ORDER ITEM: $ 1,548.00 TIME EXTENSION THIS CHANGE ORDER ITEM: 1 Calendar Days RECOMMENDATION FOR ALLOCATION OF EXTRA COSTS ON CHANGE ORDERS COST: TOTAL ASSIGNED TO DESIGNER: LABOR : $ 1,032 .00 $ 50.00 MATERIAL : $ 516 .00 0 EQUIPMENT: 0 0 MARK-UP 0 0 TOTAL: $ 1 , 548. 00 $ 50 .00 C. O. NO. Twelve (12) r DATE September 9, 1992 Page 2 r . JOB: CENTRAL LABORATORY, JOB NO. J-17 ITEM 11 - ADDITIONAL LAB CHASES r r r r �a r r 40 V II C.O. No. Twelve Item 11 Job No. J-17 J Justification For Recommended Allocation V The lab chases were omitted from the contract drawings. Since _ the cost of this item of work would have increased the bid it amount, the engineer should only be responsible for the staff y costs. This item had been negotiated with the Contractor and with no overhead and profit included. li r U I � Y�1 L �II Y� L r U r C. 0. N0. Twelve (12) CONTRACTOR: J.R. Roberts Corporation DATE September 9. 1992 10 JOB: CENTRAL LABORATORY. JOB NO. J-17 DESIGNER BOYLE ENGINEERING CORPORATION r Item 12 - ADDITIONAL FRAMING AND FIRE RATED DRYWALL r The Contractor was directed to provide additional framing and drywall for fire rated wall in soffit area above Rooms 234 and 236. This work was necessary as there was not enough clearance in the soffit to allow for the HVAC ductwork and r maintain the one-hour fire rating required for the corridor. This item was negotiated with the Contractor pursuant to Section 10-6(b) (2) (A) of the General Provisions. (Reference: JRR CDR 98) ADDED COST THIS CHANGE ORDER ITEM $ 1,074.00 TIME EXTENSION THIS CHANGE ORDER ITEM: 3 Calendar Days v r r NO PICTURE AVAILABLE r r r r •+ RECOMMENDATION FOR ALLOCATION OF EXTRA COSTS ON CHANGE ORDERS COST: TOTAL ASSIGNED TO DESIGNER: LABOR : $ 800.00 0 MATERIAL : $ 120.00 0 r EQUIPMENT: 0 0 MARK-UP : $ 154.00 $ 77.00 r TOTAL: $1,074 .00 $ 77.00 r L C.O. No. Twelve Item 12 L Job No. J-17 a+ Justification For Recommended Allocation V The engineer did not coordinate between the mechanical and architectural drawings. This lack of coordination required additional framing and drywall in order to maintain a one hour W fire rating of the corridor. If shown on the plans, the bid prices would have been higher. The staff recommends that the - designer share in the added profit and overhead costs. IJ L L I � W L I W L L iJ C. 0. NO. Twelve (12) CONTRACTOR: J.R. Roberts Corporation DATE September 9. 1992 JOB:_ CENTRAL LABORATORY JOB NO J-17 DESIGNER: BOYLE ENGINEERING CORPORATION Item 3 - VELOCITY STACKS FOR EXHAUST FANS The Contractor was directed to furnish and install five additional velocity stacks for Exhaust Fans EF-3, 5, 6, 8, and 13. The stacks were not installed due to a conflict in the Contract Drawings. The HVAC system could not be balanced without the installation of these stacks. This item was negotiated with the Contractor pursuant to Section 10-6(b) (2)(A) of the General Provisions. (Reference: JRR CDR 99) ADDED COST THIS CHANGE ORDER ITEM: $ 1.617.00 TIME EXTENSION THIS CHANGE ORDER ITEM: 7 Calendar Days r 1 it C. O. N0. Twelve (12) LI DATE September 9, 1992 Page 2 i v JOB: LABORATORY, JOB NO. J-17 ITEM 13 - VELOCITY STACKS FOR EXHAUST FANS I„1 RENDATION FOR ALLOCATION OF EKTRA COSTS ON CHANGE ORDERS COST: TOTAL ASSIGNED TO DESIGNER: LABOR : $ 925.00 0 MATERIAL : $ 460.00 0 EQUIPMEW: 0 0 MARK-OP $ 232.00 $ 116. 00 ,. TOTAL: $1,617.00 $ 116 .00 li J L u 4 V LI i w v r r C.O. No. Twelve W Item 13 Job No. J-17 r Justification For Recommended Allocation r only two exhaust fans were called out to have velocity stacks. Seven are required in order to balance the HVAC system. Since the cost of this item of work would have increased the bid amount, Staff recommends that the designer share in its added profits and overhead. tog V V V r r C. 0. NO. Thirteen (13) ,r CONTRACTOR: HUNTER CORPORATION DATE September 9. 1992 JOB: Central Power Generation System at Plant No 1. Job No. J-19-1 v DESIGNER• BROWN AND CALOWELL CONSULTING ENGINEERS Item 1 - CONDUIT AND WIRING FOR EMERGENCY LIGHT FIXTURES This item is for providing conduit, wiring, and junction boxes to provide power for the emergency light fixtures in the Central Power Generation Building. r These light fixtures were omitted in the contract documents. Emergency battery packs for type B fixtures are included in this item. This item was negotiated with the Contractor pursuant to Section 10-6(b)1 of the General Provisions. ,r (Reference: J191-040) ADDED COST THIS CHANGE ORDER ITEM: $ 18,550.00 r TIME EXTENSION THIS CHANGE ORDER ITEM: 0 Calendar Days NO PICTURES AVAILABLE " J r 4i v u RECOMMENDATION FOR ALLOCATION OF EXTRA COSTS ON CHANGE ORDERS r COST: TOTAL ASSIGNED TO DESIGNER: LABOR : $ 11 ,345.00 0 MATERIAL : $ 4 ,285.00 0 ' EQUIPMENT: $ 500.00 0 MARK-UP : $ 2,420 .00 $ 835.00 r TOTAL: $ 18,550 .00 $ 835 .00 r i � v C.O. No. Thirteen Item 1 {. Job No. J-19-1 i u Conduit And Wiring For Emergency Light Fixtures L This item for providing conduit, wiring, and junction boxes to _ provide power for the emergency light fixtures inside the Central Generation Building. Contract changes of this scope are more ,r costly than original contract costs due to lost productivity, increased field engineering and supervision. The consultant - - omitted these items from the original design and should reimburse L the Districts for these added cost. L li u L I ' u I ! u u IL U L 11L 4J C. 0. NO. Thirteen (13) CONTRACTOR:_HUNTER CORPORATION DATE September 9. 1992 JOB: Central Power Generation System at Plant No. 1. Job No. J-19-1 r DESIGNER: BROWN AND CALDWELL CONSULTING ENGINEERS r Item 2 - POWER, CONTROL, SIGNAL RACEWAY, AND CABLE FOR ENGINE CONTROLS r This item is for providing conduit, supports, wiring, wire terminations and additional testing required to provide power and controls to the owner-supplied engine controls. The contract documents did not provide the correct number of circuits required to operate the control features provided with the engine r controls. This item was negotiated with the Contractor pursuant to Section 10-6(b)1 of the General Provisions. (Reference: J191-031) ., ADDED COST THIS CHANGE ORDER ITEM: E 18,191.00 TIME EXTENSION THIS CHANGE ORDER ITEM: 0 Calendar Days r r u C. O. NO. Thirteen (13 ) DATE September 9 , 1992 I Page 2 L JOB: CENTRAL POWER GENERATION SYSTEM AT PLANT No. 1 J-19-1 ITEM 2- POWER, CONTROL, SIGNAL RACEWAY, AND CABLE FOR ENGINE CONTROLS t.l LU V L L L L L RECOMMENDATION FOR ALLOCATION L OF EXTRA COSTS ON CHANGE ORDERS COST: TOTAL ASSIGNED W DESIGNER: V LABOR : $ 12,397.00 0 MATERIAL : $ 3,221.00 0 _ L EQUIPMENT: $ 200.00 0 MARE-UP $ 2,373.00 0 TOTAL: $ 18,191.00 $ 682.00 L L L L W W W C.O. No. Thirteen W Item 2 Job No. J-19-1 W Power, Control, Signal Raceway, And Cable For Engine Controls W This item for providing conduit, supports, wiring, wiring terminations, and additional testing to provide power for the W generator engine controls. Contract changes of this scope are more costly than original contract costs due to lost productivity, increased field engineering and supervision. The consultant omitted these items from the original design and should reimburse the Districts for these added cost. W W W W W W .r W W C. 0. NO. Thirteen (13) CONTRACTOR: HUNTER CORPORATION DATE September 9, 1992 JOB: Central Power Generation System at Plant No. 1. Job No. J-19-1 DESIGNER: BROWN AND CALDWELL CONSULTING ENGINEERS Item 3 - ELEVATOR SHAFT REVISIONS FOR CODE COMPLIANCE" This item is for providing a ladder, receptacle, junction box, light fixture, switch and associated conduit and wiring in the elevator shaft to comply with state elevator code requirements. These items were not provided for in the contract documents. This item was negotiated with the Contractor pursuant to Section 10-6(b)1 of the General Provisions. (Reference: J191-043) ADDED COST THIS CHANGE ORDER ITEM: $ 4,014.00 TIME EXTENSION THIS CHANGE ORDER ITEM: 0 Calendar Days , i j I 1 w L C. O. NO. Thirteen (13) DATE September 9, 1992 I � Page 2 L JOB: CENTRAL POWER GENERATION SYSTEM AT PLANT NO. 1. 6I ITEM 3 - ELEVATOR SHAFT REVISIONS FOR CODE COMPLIANCE L L � I 61 h V ' I V L L L L RECOMMENDATION FOR ALLOCATTUN L OF EXTRA COSTS ON CHANGE ORDERS I COST: TOTAL ASSIGNED TO DESIGNER: LABOR : $ 2,098 .00 0 MATERIAL : $ 1,257.00 0 Ll EQUIPMENT: $ 135.00 0 W MARK-UP : $ 524.00 $ 262.00 TOTAL: $ 4,014.00 $ 262.00 L L L r v C.O. No. Thirteen W Item 3 Job No. J-19-1 Elevator Shaft Revisions For Code Compliance u This item for providing facilities in the elevator shaft to allow safe access and working conditions for maintenance personnel W working inside shaft. These items are required by state elevator codes. Contract changes of this scope are more costly than original contract costs due to lost productivity, increased field v engineering and supervision. The consultant omitted these items from the original design and should reimburse the Districts for these added cost. u W r Y11 �1 C. 0. NO. Thirteen (13) r CONTRACTOR: HUNTER CORPORATION DATE September 9. 1992 W JOB: Central Power Generation System at Plant No. 1. Job No. J-19-1 DESIGNER: BROWN AND CALDWELL CONSULTING ENGINEERS r Item 4 - ENGINE STATUS PANEL COMPONENTS AND CABLE This item is for adding push-buttons, indicating lights, and terminal boards to the engine status panel shown on contract drawings 2E27 and 2E44. These changes to the panel are required for compatibility between the owner-supplied equipment and contractor-furnished control panel . These panel components were not required in the contract documents. This item includes credit for deleting control raceway and cable between the status panel and the uninterruptible power supply that is no longer required. This item was negotiated with the Contractor pursuant to Section 10-6(b)1 of the General Provisions. (Reference: J191-044) u ADDED COST THIS CHANGE ORDER ITEM: $ 1,921.00 TIME EXTENSION THIS CHANGE ORDER ITEM: 0 Calendar Days v W " NO PICTURES AVAILABLE " r W W RECOMMENDATION FOR ALLOCATION OF EXTRA COSTS ON CHANGE ORDERS COST: TOTAL ASSIGNED TO DESIGNER: r LABOR : $ 583 .00 0 MATERIAL : $1 ,117.00 0 EQUIPMENT: 0 0 MARK-UP : $ 221 .00 0 r TOTAL:$1 ,921 .00 0 u IV L C.O. No. Thirteen Item 4 W Job No. J-19-1 w Engine Status Panel Components And Cable V This item for adding push-buttons, indicating lights, and terminal boards to the engine status panel. These items are for � . compatibility with the owner supplied equipment and were 60 overlooked by staff, Cooper Industries, and the designer. This is a small omission which can be expected on projects of this complexity. 6" 6+ -I r I V I 61 V li b W Y/ . IJ 61 IV W C. 0. NO. Thirteen (13) CONTRACTOR: HUNTER CORPORATION DATE Seotember 9. 1992 JOB: Central Power Generation Svstem at Plant Na. 1. Job No. J-19-1 DESIGNER: BROWN AND CALDWELL CONSULTING ENGINEERS Item 5 - GLASS BLOCK MODIFICATIONS This item is for providing lintels and flashing at the second floor level for glass block windows and revising wall openings for glass block at the front door in the Central Power Building. Contract drawings require glass block windows that are thirty-two feet in height which exceeds the allowable unsupported height allowed by the building code. This item includes support angles'and weather flashing at the second floor level for three high windows on the north side of the building. This item also includes widening of the wall opening on both sides of the front door to include space for the glass block expansion joints. Contract drawings show a 16-inch opening on both sides of the door. Sixteen and one half inches are required to install the glass block and expansion joints. This item was negotiated with the Contractor pursuant to Section 10-6(b)1 of the General Provisions. ADDED COST THIS CHANGE ORDER ITEM: $ 3;603.00 TIME EXTENSION THIS CHANGE ORDER ITEM: 0 Calendar Days TOTAL ADDED COST THIS CHANGE ORDER: $ 46,279.00 TOTAL TIME EXTENSION THIS CHANGE ORDER: 0 Calendar Days RECOMMENDATION FOR ALLOCATION OF EXTRA COSTS ON CHANGE ORDERS COST: TOTAL ASSIGNED TO DESIGNER: LABOR : $ 2, 585.00 $982 .30 MATERIAL : $ 548 .00 $208 .24 EQUIPMENT: 0 0 MARK-UP : $ 470.00 $178 .60 TOTAL: $ 3, 603 .00 $1,369 .14 C.O. NO. Thirteen ( 13 ) DATE September 9, 1992 • JOB: CENTRAL POWER GENERATION SYSTEM AT PLANT NO- 1 Job No. J-19-1 ITEM 5 - GLASS SLOCK MODIFICATIONS AW- J ; i r • 1 i • u Li C.O. No. Thirteen y Item 5 Job No. J-19-1 bl Glass Block Modifications V This item for adding support lintels for glass block windows and � also for reworking the openings around the front door to allow 16, room for installation of glass expansion joints. The designer detailed a dimension on the plans which did not allow enough room to install the glass block expansion joint at the front door. Ir This opening in the concrete wall at the front door had to be widened on half inch after concrete had been poured. Costs associated with chipping out and grouting back the concrete wall L are being charged to the designer. 60 li V V V V � I 1� IJ � I V Ir u C. 0. NO. Thirteen (13) CONTRACTOR: Advanco Constructors. Division of DATE September 9. 1992 Zurn Constructors. Inc. r JOB: Construction of Digesters Nos. 11-16 at Reclamation Plant No. 1. Job No. P1-34-3: Rehabilitation of Digesters 9 and 10 at Reclamation Plant No. 1. Job No. P1-35-2: and Installation of Waste Digester Gas Flare Ni Facilities at Plants 1 and 2. Job No. J-21 DESIGNER: JOHN CAROLLO ENGINEERS Item 1 - LPDG PIPING MODIFICATION The Contractor was directed to reroute the low pressure digester gas piping (LPDG) on the east wall of Control Building 11-14 when conflicts were discovered. The 20-inch ductile iron piping, as shown on the contract drawings, interferes with an HVAC exhaust fan at the same elevation. The most cost effective solution was to reroute the piping over the exhaust fan. The work was r negotiated with the Contractor pursuant to Section 10-6(b) (2) (A) of the General Provisions. (Reference: FCO-052) r ADDED COST THIS CHANGE ORDER ITEM: $ 6,105.00 TIME EXTENSION THIS CHANGE ORDER ITEM: 0 Calendar Days r ei r RECOMMENDATION FOR ALLOCATION OF EXTRA COSTS ON CHANGE ORDERS COST: TOTAL ASSIGNED TO DESIGNER: LABOR : $ 859 .00 0 MATERIAL : $ 3471 .00 0 r EQUIPMENT: $ 863 .00 0 MARK-UP 912 .00 $ 456 .00 TOTAL: $6, 105 .00 $ 456 .00 L C.O. No. Thirteen V Item 1 Job No. P1-34-3 y Reconfigure LPDG Piping u The item would have been avoided if the contractor had been given clear information with which to work. The plans for this L particular piping were lacking essential information and the contractor was given supplemental information which conflicted with the original drawings. For these reasons, a design fee equal to 7.5% of the extra costs should be refunded by the design consultant. r 41 y y Wi L L L L C. 0. NO. Thirteen (13) CONTRACTOR: Advanco Constructors. Division of DATE September 9. 1992 Zurn Constructors, Inc. JOB: Construction of Digesters Nos. 11-16 at Reclamation Plant No. 1. Job No. P1-34-3: Rehabilitation of Digesters 9 and 10 at Reclamation Plant No. 1. Job No. P1-35-2: and Installation of Waste Digester Gas Flare Facilities at Plants 1 and 2. Job No. J-21 DESIGNER: JOHN CAROLLO ENGINEERS Item 2 - GAS PIPE SUPPORT CHANGE The pipe support detail shown on the contract drawings for the LPDG piping on the roof of the Control Buildings indicates a flush mounted pipe. The piping, however, must be supported in order to clear the 12-inch parapet curb and also to maintain a slope down to the drip traps. Since the parapet was incorporated in the roofing membrane system, it was decided to direct the Contractor to change the specified support detail to a concrete saddle type with a galvanized retainer strap in order to support the piping at the correct elevation and provide seismic restraint. The work was negotiated with the Contractor pursuant to Section 10-6(b) (2) (A) of the General Provisions. (Reference: FCO-53) ADDED COST THIS CHANGE ORDER ITEM: $ 9,852.00 TIME EXTENSION THIS CHANGE ORDER ITEM: 0 Calendar Days r - i RECOMMENDATION FOR ALLOCATION OF EXTRA COSTS ON CHANGE ORDERS COST: TOTAL ASSIGNED TO DESIGNER: LABOR : $ 4722.00 0 MATERIAL : $ 3270 .00 0 EQUIPMENT: $ 1064 .00 0 MARK-UP : $ 796.00 0 TOTAL: $ 9852.00 0 JOB: CONSTRUCTION OF DIGESTERS NOS. C. O. NO. Thirteen ( 13 ) 11-16 AT RECLAMATION PLANT NO. 1 DATE September 9 , 1992 JOB NO. P1-34-3 Page 2 ITEM 2 - GAS PIPE SUPPORT CHANGE Q a 4 a a \ a \ v \ 1 r C.O. No. Thirteen Item 2 Job No. P1-34-3 L LPDG Piping Supports L The item would have been avoided if the correct detail had been shown on the plans. However, the contractor's bid would have been higher by this same amount. The change is a result of a drafting error and as such no refunded monies are necessary from the consultant. IL y L r1 L J V Iyl W C. 0. NO. Five (5) CONTRACTOR: Ziebarth & Alper and C.S. Alper DATE September 9. 1992 Construction Co. JOB: Electrification of Pump Drives at Treatment Plant No. 2. Job No. P2-42-1 DESIGNER: JOHN CAROLLO ENGINEERS Item 2 - FILTER CONTROL POWER After installation was complete, it was later determined that the Ocean outfall Booster Station Harmonic Filter Control Power from Panel 'AL' should be connected to Panel 'BL' for Pumps Nos. 3, 4, and 5. In case of a power failure on Panel "AL', the facility would lose all filter control to all pumps. Therefore, the Contractor was instructed to disconnect and reconnect the control power on a force account basis in accordance with General Provisions Section 10-6(b) (2) (B) . (Reference: PCH No. 026) . ADDED COST THIS CHANGE ORDER ITEM: $ 411.00 TIME EXTENSION THIS CHANGE ORDER ITEM: 0 Calendar Days eee � � A r r RECOMMENDATION FOR ALLOCATION OF EXTRA COSTS ON CHANGE ORDERS COST: TOTAL ASSIGNED TO DESIGNER: LABOR : $3 5 8 .0 0 $179 .00 MATERIAL : 0 0 _ EQUIPMENT: 0 0 MARK-Up : $ 53 .00 $ 26 .50 TOTAL:$4 11 .0 0 $205.50 ITEM 2 CONTINUED NEXT PAGE " C. O. NO. FIVE (5) DATE September 9 , 1992 Page 2 r JOB: ELECTRIFICATION OF PUMP DRIVES AT TREATMENT PLANT NO. 2 P2-42-1 r ITEM 2 FILTER CONTROL POWER No r I I L L C.O. No. Five (5) Item 2 Job No. P2-42-1 v I Justification For Recommended Allocation In order to assure the reliability of the Ocean Outfall Booster Station in the event of a power failure, approximately one-half y of the available power was placed on one power feed (Bus A) and the other half on a second power feed (Bus B) . The Designer and the Districts shared in this change. L u L ) I 6W r I ! 4 L lJ L l� C. 0. NO. Five (5) / CONTRACTOR: Ziebarth & Alper and C S Alper DATE September 9. 1992 Construction Co. JOB: Electrification of Pump Drives at Treatment Plant No. 2. Job No. P2-42-1 DESIGNER: JOHN CAROLLO ENGINEERS item 3 - PRESSURE SWITCHES Problems were experienced with the pressure switches that regulate the flow for / the seal water of the ten new pumps installed in Headworks 8 and C. The pressure switches initially specified did not work properly due to the dirty plant water. The Contractor was instructed to replace the ten switches with a better design that was more suitable to the dirty water conditions at a firm / price in accordance with General Provisions Section 10-6(b) (2) (A) . (Reference: John Carollo Engineers' letter dated April 15. 1992 and PCH No. 027) / ADDED COST THIS CHANGE ORDER ITEM: $ 4,875.00 TIME EXTENSION THIS CHANGE ORDER ITEM: 0 Calendar Days r 1 f .yea W: A RECOMMENDATION FOR ALLOCATION OF EXTRA COSTS ON CHANGE ORDERS COST: TOTAL ASSIGNED TO DESIGNER: LABOR $ 720.00 $ 180 .00 MATERIAL : $ 2900.00 $ 725 .00 EQUIPMENT: $ 560.00 140. 00 MARK-UP $ 695.00 $ 173.75 TOTAL: $ 4875 .00 $1218 .75 ITEM 2 CONTINUED NEXT Page C. O. NO. FIVE ( 5) • DATE September 9, 1992 Page 2 • JOB: ELECTRIFICATION OF PUMP DRIVES AT TREATMENT PLANT NO 2 P2-42-1 ITEM 3 PRESSURE SWITCHES r r 'V al • • r i r • " RY� • • yF.. "e • r � �a r • 1 I L L L C.O. No. Five ( 5) L Item 3 Job No. P2-42-1 I b Justification For Recommended Allocation Ir The Districts utilizes plant water throughout their operations for the cooling of engines, seal water for pumps, wash down of ' f facilities and many other general uses. The quality of the water U varies from time to time , depending on the amount of foreign matter that may find its way into the system, such as algae debris, snails, etc. Therefore, the Districts share the greatest V percentage of responsibility, however, the Designer has been associated with the Districts operations for a long time and is very familiar with these operations. Therefore, they are subject 11 to some liability in this occurrance. L ii 6I V I 6r V IW W J L C. 0. NO. Five (5) CONTRACTOR: Ziebarth & Alper and C.S. Alper DATE September 9. 1992 Construction Co. JOB: Electrification of Pump Drives at Treatment Plant No. 2. Jab No. PZ-42-1 DESIGNER: JOHN CAROLLO ENGINEERS Item 5 - REMOVE CONCRETE PADS The contract drawings did not provide for the removal of the existing reinforced concrete pads that supported the two engines, lube oil , and heat recovery units in the Primary Effluent Pumping Station. These concrete pads sticking above the operating floor presented an obstruction to the operation and maintenance of the new electric motors that replaced the engines. The Contractor was instructed to provide labor and equipment on a force account basis in accordance with General Provisions Section 10-6(b) (2) (B) . (Reference: PCH No. 031) ADDED COST THIS CHANGE ORDER ITEM: $ 8,252.00 TIME EXTENSION THIS CHANGE ORDER ITEM: 0 Calendar Days RECOMMENDATION FOR ALLOCATION OF EXTRA COSTS ON CHANGE ORDERS COST: TOTAL ASSIGNED TO DESIGNER: - LABOR : $ 3 ,952.00 0 MATERIAL : $ 1 ,740.00 0 EQUIPMENT: $ 1 ,500 .00 0 MARK-UP : $ 1,060.00 0 TOTAL:$ 8 ,252 .00 0 ITEM 5 CONTINUED NEXT PAGE r C. O. NO. FIVE (5) DATE September 9, 1992 PAGE 2 JOB: ELECTRIFICATION OF PUMP DRIVES AT TREATMENT PLANT NO. 2 JOB NO. P2-42-1 r ITEM 5 - REMOVE CONCRETE PADS r r r L L L' C.O. No. Five ( 5) Item 5 Job No. P2-42-1 II V II V Justification For Recommended Allocation During the preliminary design review process in which operations L and Maintenance personnel were involved, particularly the review meetings, no request was made by them to remove the engine and heat recovery equipment concrete pads. j While the Contractor was in the area performing other demolition work and after the stated equipment had been removed, it became apparent that leaving the concrete pads would be a safety hazard. y The Districts benefited having the work performed while the Contractor was in the area since the work was on a time and material basis with no additional costs later for an additional move in and move out for this or any other Contractor. II v L I ! V J u L C. 0. NO. Five (5) CONTRACTOR: Ziebarth & Alper and C.S. Alper DATE September 9. 1992 Construction Co. JOB: Electrification of Pump Drives at Treatment Plant No. 2. Job No. P2-42-1 DESIGNER: JOHN CAROLLO ENGINEERS Item 6 - MODIFY LIGHTING FIXTURES The contract drawings specified 21 120 volt lighting fixtures for Headworks C when in fact there is 480 volt power existing. The Contractor had already purchased and received the lighting fixtures when the error was discovered. The Contractor returned the lighting fixtures ballast housings to the manufacturer but was assessed a handling and restocking fee. Work was performed on a force account in accordance with General Provisions Section 10-6(b) (2) (B) . (Reference: PCH No. 032) ,. ADDED COST THIS CHANGE ORDER ITEM: $ 889.00 TIME EXTENSION THIS CHANGE ORDER ITEM: 0 Calendar Days TOTAL ADDED COST THIS CHANGE ORDER: $ 17,689.00 TOTAL TIME EXTENSION THIS CHANGE ORDER: 0 Calendar Days >iy • W J II it C.O. No. Five ( 5) Item 6 r Job No. P2-42-1 r Justification For Recommended Allocation r The Designer shall be charged the full amount of the plan change due to his error in the contract drawings and specifications. Iu 4 L L RECOMMENDATION FOR ALLOCATION OF EXTRA COSTS ON CHANGE ORDERS L COST: TOTAL ASSIGNED TO DESIGNER: L LABOR : 0 0L MATERIAL : $780.00 $788.00 EQUIPMENT: 0 MARK-UP : $109 .00 $109 .00 L TOTAL: $889.00 $889 .00 L ITRMR 5 rnNTTN11Rn NRXT ➢AI L L L L L