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 ]
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` (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]
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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.
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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
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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
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............................................................
ES211Mt® SEEIES 6 IES Men SERVICE IC DATE -- VASE 2
E L 11 e 0 9 9 6 S
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.................................................................. . .........................
OIC E6rnlrye -.-------- fYU Urniry6
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... . ......... 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
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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.
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PRELIMINARY - SUBJECT TO CHANGE
auc ps Ls ea 26 "00 ou
DATE 09/04/92. O IZ:21 PAGE 1
PsipVeboer IM9rprste6
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C"tY SMlt&tiM Dietrieb Of Ora Canty, CAM.
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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
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PRELIMINARY - SUBJECT TO CHANGE
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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
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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%
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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
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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
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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
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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
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.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
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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%
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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
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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
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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
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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
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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%
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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
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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
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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
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PaineWebber Incorporated
Municipal Reinvestment Services Group
County Sanitation Districts of Orange County,California ^
2
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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.
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PRELIMINARY - SUBJECT TO CHANGE
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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
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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
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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
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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!
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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%
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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
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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
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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
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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
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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.
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PRELIMINARY SUBJECT TO CHANGE
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✓
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(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
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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, ,
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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
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PRELIMINARY SUBJECT TOCHANGE
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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
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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
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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.
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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
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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:
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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.
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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.
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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.
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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
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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
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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.
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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.
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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
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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
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C.O. No. Twelve (12) If
Item 1 6w
Job No. J-17
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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.
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_ 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
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C.O. No. Twelve U
j Item 3
Job No. J-17 II
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Justification For Recommended Allocation _
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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.
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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
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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
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C.O. No. Twelve (12)
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Item 5
Job No. J-17
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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.
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r C. 0. NO. Twelve (12)
CONTRACTOR: J.R. Roberts Corporation DATE September 9. 1992
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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
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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
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C.O. No. Twelve y
Item 6
Job No. J-17
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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.
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CONTRACTOR: J.R. Roberts Corporation DATE September 9. 1992
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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
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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
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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.
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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
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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
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TOTAL: $ 13,140 .00 0
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C.O. No. Twelve
W Item 8
Job No. J-17
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Justification For Recommended Allocation
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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.
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C. 0. NO. Twelve (12)
CONTRACTOR: J.R. Roberts Corporation DATE September 9. 1992
JOB: CENTRAL LABORATORY, JOB NO. J-17
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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
_
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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
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C.O. No. Twelve
Item 9
Job No. J-17
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Justification For Recommended Allocation
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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.
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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
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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
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JOB: CENTRAL LABORATORY, JOB NO. J-17
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ITEM 10 - ADDITIONAL LAB CHASES
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C.O. No. Twelve ,J
Item 10
Job No. J-17 -
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Justification For Recommended Allocation
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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.
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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
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C.O. No. Twelve
Item 11
Job No. J-17
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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.
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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
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NO PICTURE AVAILABLE
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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
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C.O. No. Twelve
Item 12 L
Job No. J-17
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Justification For Recommended Allocation
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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
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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
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DATE September 9, 1992
Page 2
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JOB: LABORATORY, JOB NO. J-17
ITEM 13 - VELOCITY STACKS FOR EXHAUST FANS
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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
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C.O. No. Twelve
W Item 13
Job No. J-17
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Justification For Recommended Allocation
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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.
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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 "
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RECOMMENDATION FOR ALLOCATION
OF EXTRA COSTS ON CHANGE ORDERS
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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
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TOTAL: $ 18,550 .00 $ 835 .00
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C.O. No. Thirteen
Item 1 {.
Job No. J-19-1
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Conduit And Wiring For Emergency Light Fixtures
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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.
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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
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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
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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
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C.O. No. Thirteen
W Item 2
Job No. J-19-1
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Power, Control, Signal Raceway, And Cable For Engine Controls
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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.
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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
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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
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RECOMMENDATION FOR ALLOCATTUN L
OF EXTRA COSTS ON CHANGE ORDERS
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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
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C.O. No. Thirteen
W Item 3
Job No. J-19-1
Elevator Shaft Revisions For Code Compliance
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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.
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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)
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ADDED COST THIS CHANGE ORDER ITEM: $ 1,921.00
TIME EXTENSION THIS CHANGE ORDER ITEM: 0 Calendar Days
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" NO PICTURES AVAILABLE "
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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
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TOTAL:$1 ,921 .00 0
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C.O. No. Thirteen
Item 4 W
Job No. J-19-1
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Engine Status Panel Components And Cable
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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"
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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
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C.O. No. Thirteen y
Item 5
Job No. J-19-1
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Glass Block Modifications
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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
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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
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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
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C.O. No. Thirteen V
Item 1
Job No. P1-34-3
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Reconfigure LPDG Piping
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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.
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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
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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
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C.O. No. Thirteen
Item 2
Job No. P1-34-3
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LPDG Piping Supports
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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.
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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
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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
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JOB: ELECTRIFICATION OF PUMP DRIVES AT TREATMENT PLANT NO. 2
P2-42-1
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ITEM 2 FILTER CONTROL POWER
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C.O. No. Five (5)
Item 2
Job No. P2-42-1
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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.
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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
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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
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C.O. No. Five ( 5) L
Item 3
Job No. P2-42-1
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Justification For Recommended Allocation
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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.
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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
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ITEM 5 - REMOVE CONCRETE PADS
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C.O. No. Five ( 5)
Item 5
Job No. P2-42-1 II
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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.
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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
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C.O. No. Five ( 5)
Item 6 r
Job No. P2-42-1
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Justification For Recommended Allocation
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The Designer shall be charged the full amount of the plan change
due to his error in the contract drawings and specifications.
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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
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