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Home My WebLink About1995-04-11 COUNTY SANITATION DISTRICTS o'2fy �4t6 OF ORANGE COUNTY, CALIFORNIA P.O. BOX 8127, FOUNTAIN VALLEY,CALIFORNIA 92728-8127 10844 ELLIS.FOUNTAIN VALLEY, CALIFORNIA 927084018 (714)962-2411 April4, 1995 NOTICE OF SPECIAL MEETING COUNTY SANITATION DISTRICT NO. 5 OF ORANGE COUNTY, CALIFORNIA WEDNESDAY, APRIL 11. 1995 - 7:30 A.M. DISTRICTS' ADMINISTRATIVE OFFICES 10844 Ellis Avenue Fountain Valley, California 92708 The Special Meeting of the Board of Directors of County Sanitation District No. 5 of Orange County, California, will be held at the above location, time and date. Board Secr ry MN04A4 AGENDA COUNTY SANITATION DISTRICT NO. 5 OF ORANGE COUNTY, CALIFORNIA DISTRICTS' ADMINISTRATIVE OFFICES 10844 ELLIS AVENUE FOUNTAIN VALLEY, CA 92708 SPECIAL MEETING APRIL 11, 1995 - 7:30 A.M. i In accordance withthe requirements of California Government Code i Section 54954.2, this agenda has been posted in the main lobby of the Districts' Administrative Offices 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 proposed to be submitted to the Boards for discussion and/or action, it will be done in compliance with Section `.✓ 54954 2(b)as an emergency item or that there is a need to take immediate action which need came to the attention of the Districts subsequent to the posting of the agenda, 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 Chair pro tem, if necessary (4) 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 Chair, speakers may be deferred until the specific item is taken for discussion and remarks may be limited to five minutes. Matters of interest addressed by a member of the public and not listed on this agenda cannot have action taken by the Boards of Directors except as authorized by Section 54954.2(b). 03/29/95 (5) Update by Staff and Consultants concerning developments related to the v County's Commingled Investment Pool. (a) Consideration of action re proposed settlement agreement relative to the County's Commingled Investment Pool. (6) -------....___.__.__.....___.._______..__._� CLOSED SESSION:..During the course of conducting the business set forth on ] this agenda as regular meeting of the Boards,the Chair may convene the j Boards In closed session to consider matters of pending or potential litigation;or .personnel matters,pursuant to Government Code Sections 54956.9,54957:or >54957.6. I Reports relating to(a) purchase and sale of real property;.(b) matters of pending or potential litigation;(c)employment actions or negotiations with .employee representatives;or which are exempt from public disclosure under the California Public Records Act,may be reviewed by the Boards during a i permitted closed session and are not available for public inspection. At such jtime as final actions are taken by the Boards on any of these subjects,the minutes will reflect all required disclosures of information. (a) Convene in closed session, if necessary (b) Consideration of legal actions relative to Orange County Investment Pool bankruptcy (c) Reconvene in regular session (d) Consideration of action, if any, on matters considered in closed session (7) Other business and communications or supplemental agenda items, if any (8) Matters which a Director would like staff to report on at a subsequent meeting (9) Matters which a Director may wish to place on a future agenda for action and staff report (10) Other business and communications or supplemental agenda items, if any (11) Consideration of motion to adjourn -2- .F f 03/29/95 _............. NOTICE TO'DIRECTORS To place items on the agenda for the Regular Meeting of the 1-:Joint Boards, Directors shall submit items to the Board Secretary not later than the close of business 14 days preceding the Joint Board meeting. The Board Secretary shall include on the agenda all items submitted by Directors, the General Manager and General Counsel and E all formal communications. Board Secretary;. Penny Kyle (714) 962-2411, ext. 2026 0.aCR -3- P.c MEETING DATE:ADFII 11. 199515PAciAll TIME: 7:30 A.M. DISTRICTS: 5 DISTRICT 1 JOINT BOARDS IMORENOI . . . .. ... . MC GUIGAN . . . . . . . . (BOWMANI . . . . . . . .. AGE . . . . . .... ... . IPERRYI .. .. . . .. ... . FERRYMAN . . . . . . . . (LASZLOI . . . . . . . .. BROWN . . ......... — — MOONTZI . .. . . .. ... . MURPHY . . .... . . .. (Scowl . . . . . . . . . . . . . COLLINS . . . ... .... — — IPOTTS) . . .. . . .. . .. . SALTARELLI . ... .... IDEBAYI . . . . . . . . . . . . . COX . . . . . . ... .... — — ISTEINERI . .. . . . . . . . . STANTON . ........ (COAL.. . . . . . . . . . . . . DFBAY . . . . ... . ... — —__. (BELLI .. . . . . . . . . . . . . . DINES .. .. ..... .. —(SAUER) . . . . . . . . . . . . . DETTLOFF ... ... . .. DISTRICT 2 (PARKER) .. . .. .. . . . . . DUNLAP .... ..... . — — ISCOTTI ......... .. . COLLINS . . ..... ... (DOWNEY)......... . . . ECKENRODE . ...... _ — — IOULLIXSONI ........ . WELCH . . . . ... .... -- (MR") .... ....... . . FERRYMAN ....... . (BELL) . . . . .. . . .. . .. . DINES . . . . . . .. .. .. (ANDERSON) . ...... . . . FLORA . .......... — IPARKERI . ... . DUNLAP. . . . . . . . . .. _ (MAPSHALU ....... . .. GRIFFIN . .......... _ _ (DOWNEY) . . . .... . ECKENRODE . . . . . ... (WELCH) .... ... ... . . . GULLMSON .. ..... . _ _ (ANDERSON) . . . . . ... . FLORA . . . . . . . . . . .. IWARDI .... ...... . . . HAMMOND ....... . (MORENDI .. . . . . . .. . . MCGUIGAN . . . . . . . . -- (BAUER) ........ ... . . LEIPZIG . ..... .. . . . _ — — — — (COONTZ) . .. . . . . . ... MURPHY . . . . . . . . .. — (MINER) ........... . . LINN . .. .... . .. . . . _ (NORBY) .... . . . . .... SA . . . . . . . . . . . . .. (MORENO) .......... . . MC GUIGAN.. . .. .. . _ IZLAKETI.... . . ...... SINGER . . . . . . . . . .. -- ICOONTZI ......... . . . MURPHY .... . .... . (STEINERI . .. . . .. .... STANTON . . . . . . . .. IDUNLAP) ..... .... . . . PARKER. .......... _ — —(DALY) . . . . . . ... ... . ZEMEL . . . . . . .. .. .. (EPPERSON)........ . . . RICE . . . .......... _ INORBYI .... ...... . . . SA . . . . .......... — — DISTRICT (POTTS) .... ...... . . . SALTARELLI........ _ (DOTSONI ... . ...... . SAPIEN . . . .... .. .. (DOTSON) ... ..... . . . . SAPIEN . ..... .... . _ (PARKER( DUNLAP. . . . .. . . . .. RLAKETI. . . . ... . . . . . . SINGER . . ... . .. ... . .. . .... . . . — STE ERI (BASZLOI ... ...... . ARE N . . . . . . . . . . . (ST NTONI . .... . . . . . . STANTONER . . . . .. ... ILASZLOI ......... . . BROWN . . . . . . . . . . . ISTANTONI .. .... .. . . . SIEINEP . .. . . .. ... — ISCOTTI ........... . COLLINS . . . .. . . . . . IMILLER) ........... . . SWAN . . . ... . ..... — (ANDERSON) .. ....... FLORA . . . . . . . . . . . . (WAHLSTROMI ...... . . SYLVIA . .......... — — — — (MARSHALL) .. ....... GRIFFIN . . . . . . . . . . . — (GULLIXSONI ....... . . . WELCH . .......... _ (SAUER) ..... ....... LEIRIG . . . ... . . . .. (DALY) ..... ...... . . . ZEMEL ........... _ IMINERI .. ... . .. ... . LINN . . . . . . . .. .. . . (MORENO) . . .. . . ..... MCGUIOAN . .. . . . . (EPPERSON) ... . . ..... RICE . . . . . . . .. .. . . STAFF OTHERS INDRBYI . . ... . . . .... SA . . . . . . . . .. . . . . ANDERSON WOODRUFF .. ✓ RLAKETI. . . .. . .. .... SINGER . . . . .. . . . . . HASENSTAB DEMIR ... ... ISTEINERI . ... . .. .... STANTON . . ... .. . . —— HODGES . . . KNOPF . . ... IWAHLSTROMI . .. .... SYLVIA . . . . ... . . . JONK . .. . LEE . . . . .... IDALVI . .. ... . .. .... ZEMEL . . . ..... .. . KYLE . . . . . LINDSTROM.. -- LINDER . . . . NIXON. . .... DISTRICT 5 MCINTYRE SHAW...... (COXI . . . . ... ....... DEBAY . . . . .. MCNELLY . . STONE ..... _ (STANTON) .. . ..... . . . . .... ... �� — . COX OOTEN . . . . . IDEBAYI . .. . . .. .... COX . . . . . .. .. ... (/ STREED TALEBI . . . . _ _ -- TORRES . .. ..... . . . DISTRICT a VWCENT . . . .. . ...... . _ (PERRY( . . . . . .. ... . FERRYMAN. . .... .. . __. ._ WINSOR . . . ... .... . .. (cOxl . . . . . .. . .. ... . DEBAY . . . . . . .. . . . . — . . . . . . . . . . ISTANTONI . .. . . .... . STEINEP. . . . . ... . . . DISTRICT 7 %G IWARDI .. . .. .... . . . HAMMOND . . . . . . . . . (POTTS) . . . .... . . . . . SALTARELLI . . . . . . . . ( . . . .. .. . . . . . DEBAY . . . . . . . . . . . . (PERRY) . . . .. . . . . . . . FERRYMAN . . . . . . . . .(MORENOI . . .. .... . . . MCGUIOAN . . . . . . . . ICOONTZI . ... ... . . . . MURPHY . . . . . . . . . . ISTANTONI . ... .. . . . . STEINER . . . . . . . . . . . DISTRICT 11 IBAUERI . . . . . . . . . ... LEIPZIG . . . . . .. . . . . IBAUERI . . . . . . . . .... DETTLOFF . . . .. . . . _ ISTEINERI . . . . . . ... .. STANTON . . . . . . ... DISTRICT 19 IWELCHI . . .. . . . . .... OULLIXSON .. . , . . . IDUNLAPI .. . . . . ..... PARKER . . . . . . . . . . . (STANTON)COO NT ... .... . . MURPHY EINER . . . . . . . . . (DALY) .. ........ . . ZCMCL . . . . . . . . . . . . _ (DALYI ........... . . 2EMEL . . . . . . . . . . . . DISTRICT 14 (POTTS, . .... .... . . . SALTARELLI . . . .. . . . (WARDI ..... ..... . . HAMMOND. . . . .. . . .(COONTZI . ... .... . . . MURPHY . . . . . .. . . . - _ (STANTONI . .. .. . . . . . STEINER. . . . . . . . . . . _ DLIOZ d/1WM (MILLER) . ...... . . . . . SWAN . .. . MEETNO DATE:April 11. 199515PwdAI1 TIME:7:30 A.M. DISTRICTS: 5 DISTRICT 1 JOINT BOARDS IM KNOI ........... MC WIGAN ........ — IWWPAANI ........... ABE ............. _ IKRIM ............ FERRYMAN ........ — ILASZLO I ............ BROWN ........... — — ICOONTZI ........... MANY .......... — ISCOTTI ............. COLLINS .......... — _ IMTTSI ............ SALTARELLI ........ — IDEMYI ............. COX ............. — — ISTEWERI ........... STANTON ......... — ICO%1 ............... DEBAY ........... (SELL) ............... GENES ........... — OMUER) ............. DIMLOFF ......... — DISTRICT 2 (PARKER) ............ DUNLAP .......... — — ISCOM ............ COLUNS .......... _ IDONMEYI. ........... ECKENRODE ....... —_ IGULUXSONI ......... WELCH ........... IPERRYI . . ........... F PAAN ........ IBELD .............. DENES ............ — IANDERSONI .......... ROM ........... —_ (PARKER) ........... WNUP........... — IMARSHAW .......... ORBFW ........... IOOVME j .......... ECKENRODE ........ — — IW — ELCHI ............. OULUMSON ........ — — IANDEONI ......... FLORA ............ — IWAM) ............. HAMMOND ........ RSIMORENOI ........... MCGUgAN ........ IBAUERI ............. LEIPZK3 ........... — ICOONTZI ........... ARIRRIY .......... — IMINERI ............. WIN .............MORAY) . ........... SA .. ............ IMORENOI ............ w GUIGAN........ RUnT)............ SINGER ........... — — — (COONTZI ............ MANY .......... — — ISTEIKPJ ........... STANTON ......... — — — IDUNLAM ........... . PARKER........... — IDALY) ............. ZEMEL ............ — IEPPEASONI......... . . RICE ............. — WORBY) ............. SA . . ............ — — DISTRICT 3 IMTTSI ............. SALTAMLU........ IDOTSONI . . .... ... .. SAMN ........... (DOTSON) ............ SAPIEN . .......... — (PARKER) . ........ .. DUNLAP........... — (ZUKET............. SINGER . .......... — — IWWMAHI .......... AM ............. — STEINERI............ . STANTON ......... ILASZLO) ........... BROWN ........... — — —ISTAWONI .......... . STEWER .......... ISCOTTI ............ CWLWS .......... INILLER) ............ . SWAN ............ — — — (ANDEASON) ......... FLORA ............ — IWAHLSTROPB ........ SYLVIA ........... — — IMARSHALU ......... GAIFIN ........... IGUL SON( .......... MILM ........... IMUERI ............ UUMDO ........... — (DALY) .............. ZEMEL ........... _ — —(MINER) ............ L . ............ —ON (MOREN0) ........... MCOU)GAN ........ IEPPERSONI.......... RICE . .......... STAFF INORRY) ............ SA .............. — ANDERSON . WOODRUFF .. � RLAKETI............ SWOM ........... HASENSTAB DEMW...... — ISTEINENI STANTON ......... HODGES ... KNOPF . .... — — IwANLSTiIOMI ....... SYLVM ........... JONK .. .. LEE. . . . .... — IDALYI .. . ... . ...... ZEMEL . . . ......... KYLE ..... J/ O .. — LWDEII .... NIXONNI .. .. ...... DISTRICTS MCWTYRE.. S w.. . ... — — ICOX1 . . . . . ..... . . . . DEBAY.... ....... . MCNELLY .. STONE ..... ISTANTONI ....... .. . SIEWER.......... OOTEN ... ..... .. TALONSTREE . .. _IC .....I.... — IDEBAT ........... . COX ............. ✓— TALON . . .. _ TOMES ........ DISTRICT G VNCENT ... .......... — olwakN (COXI I . ... ... .. . .. FESAY............ — . WNSOR ... .......... — fSTANT.. .. . ... .. . .. DEBAY............ ... . ... ... _ ISTANTOHI .. ... .. . .. SIEINER........... _- DISTRICT 7 MARDI ............ HAMMOND......... — IMTTS) ............ SALTARELU ........ _ _ —(WXI .............. DEBAY............ (KMY) ............ FEFIYN N......... — — — IMOFEN01 ........... MCOUMAN ........ — —ICOONTZ) ........... MURMY .......... ISTAWONI .......... STEINER. .......... — — DISTRICT 11 IBAUER) ............ LEIRIG . .......... — —ISAUER) .. .......... DETLOFF ......... — —ISTEINERI ........... STANTON ......... DISTRICT 13 NVELCM ............ OULLI%SON ........ IWNUPI ........... PARKER ........... — ICOONRI ........... MURFHY .......... ISTANTON) .......... STEINER. .......... — (DALY) ............. ZEMEL . . .......... — — DISTRICT 14 IMTTSI ............ SALTARELU ........ — (WARD) ............ HAMMOND......... — — (COONM ........... ARNOW .......... _ ISTAN M) .......... STONER........... — OLIDZ WHIMIMILIERI ............ SWAN . ........... DISTRICT 5 04/11/95 -Soecial Board Meeting #5 - Update on County's Commingled Investment Pool Chair Jan Debay requested staffs update on the investment pool. Gary Streed gave a brief update. He referred Directors to the four-page handout. Page 1 is a summary of cash flows for all Districts. By the end of August we will be almost $6 million in the red if we don't get any money out of the pool. We need to find some way to get money out of the pool. Director Debay asked if this loan is approved does that change the July look. Gary stated yes, we will be that much less if the loan is approved. By the end of July it will be important. He also stated that the President of IRWD was prepared to prepay some 95-96 District 14 costs in July if we need it to cover the $5 million loan, but he didn't have anything in writing. Page 4 reflects cash flows for individual Districts. District 5 would not be in the greatest shape by the end of July. Director Steiner asked if at tomorrow night's meeting we would have the reserves and cash receipts broken out by District. Gary referred him to page 2 of the handout. Director Cox asked if this reflects the actual financial situation by each District or if the payments were allocations. Gary stated that it does reflect each District's situation. It reflects if there was any money in the three pools. Districts 13 and 14 are not in the bond pool. District 5 did not participate in one of the cop financings. Whatever was left of the reverse repurchase is also in there. Tom Woodruff had no comments but would answer any questions with regard to the settlement agreement. Director Cox then moved approvement of Option A, and Director Steiner seconded the motion. The vote was unanimous. Meeting was adjourned at 7:44 a.m. NOMS.W COUNTY SANITATION DISTRICT NO. 5 OF ORANGE COUNTY, CALIFORNIA MINUTES OF SPECIAL MEETING April 11, 1995 -7:30 A.M. 10844 Ellis Avenue Fountain Valley, California Pursuant to adjournment of the special meeting of March 29, 1995, the Board of Directors of County Sanitation District No. 5 of Orange county, California, met in a Special Meeting at the above hour and date. The Chair called the meeting to order at 7:30 p.m. The roll was called and the Secretary reported a quorum preent. DIRECTORS PRESENT: Jan Debay, Chair, John C. Cox, Jr., William G. Steiner DIRECTORS ABSENT: None STAFF MEMBERS PRESENT: Don McIntyre, General Manager, Penny Kyle, Board Secretary, Gary Streed, Jean Tappan OTHERS PRESENT: Thomas L. Woodruff, General Counsel .. . . . . .. . . .. .. .. . . .. Approving Comprehensive The Director of Finance gave a brief update on the Settlement Agreement with the County's Commingled Investment Pool. He County of Orange re Countys referred the Directors to an informational handout Commingled Investment Pool which summarized the cash flows for all of the Districts. Mr. Streed noted that if the District did not receive its share of the investment pool funds by the end of August, the District would be negative by$6 million. It was then moved, seconded and duly carried: That the Comprehensive Settlement Agreement between the County of Orange and the Orange County Investment Pools and each of the Depositors in the Pools including County Sanitation District No. 5, be, and is hereby, approved; and, FURTHER MOVED: That County Sanitation District No. 5 does hereby elect to become a Settling Pool Participant under Option A of the Comprehensive Settlement Agreement. DISTRICT 5 Moved, seconded and duly carried: Adioumment `..� That this meeting of the Board of Directors of County Sanitation District No. 5 be adjourned. The Chair then declared the meeting so adjourned at 7:44 a.m. /NA�Z Secretary oft oa d irectors of County Sanit ti Dist No. 5 of Orange Coun California M UfB STATE OF CALIFORNIA) ) SS. COUNTY OF ORANGE ) Pursuant to California Government Code Section 54954.2, 1 hereby certify that the Notice and Agenda for the Special Board Meeting of District No. 5 held on April 11, 1995, was duly posted for public inspection in the main lobby of the Districts' offices on April 4, 1995. IN WITNESS WHEREOF, I have hereunto set my hand this 11th day of April, 1995. t enny KC a SW etary County Sanitation District No. 5 of Orange County, California JAWPDOCWTORWS FVE-0 .2