HomeMy WebLinkAbout1995-04-12 p\TA11p4
COUNTY SANITATION DISTRICTS
" OF ORANGE COUNTY, CALIFORNIA
P.O. BOX 8127. FOUNTAIN VALLEY. CALIFORNIA 92728-8127
10844 ELLIS. FOUNTAIN VALLEY,CALIFORNIA 92708-7018
°4+wp4 ca1'� p141 962-2411
April 5, 1995
NOTICE OF SPECIAL MEETING
BOARDS OF DIRECTORS
COUNTY SANITATION DISTRICTS
NOS. 1, 2, 3, 6, 7, 11, 13 AND 14
OF ORANGE COUNTY, CALIFORNIA
WEDNESDAY, APRIL 12, 1995 - 7:30 P.M.
DISTRICTS' ADMINISTRATIVE OFFICES
10844 Ellis Avenue
Fountain Valley, California 92708
The Special Meeting of the Boards of Directors of County Sanitation
Districts Nos. 1 , 2, 3, 6, 7, 11, 13 and 14 of Orange County, California, will
be held at the above location, time and date.
/2�'
Board Se to
ti
AGENDA
BOARDS OF DIRECTORS
COUNTY SANITATION DISTRICTS
NOS. 1, 2, 3, 6, 7, 11, 13 AND 14
OF ORANGE COUNTY, CALIFORNIA
DISTRICTS' ADMINISTRATIVE OFFICES
10844 ELLIS AVENUE
FOUNTAIN VALLEY, CA 92708
SPECIAL MEETING
APRIL 12, 1995 -7:30 P.M.
.. .............................
.........................................................._......................._..__..._..............._.__.........._.....................__
l
In accordance with the requirements of California Government Code Section 54954.2,this
'agenda has been posted'.in the main lobby of the Districts'Administrative Offices not less
i 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. -1
i 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
i emergency;item or that there is a need to take immediate action which need came tolhe
v i 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) DISTRICTS 1. 2. 3, 6. 7, 11, 13 & 14 L '
Update by Staff and Consultants concerning developments related to the County's
Commingled Investment Pool.
(a) Consideration of action re proposed settlement agreement relative to the
County's Commingled Investment Pool.
(6) DISTRICTS 1. 2. 3. 6. 7. 11, 13 & 14
CLOSED'SESSION: During the course of conducting the business set forth on
this agenda as-a regular meeting of the Boards,the Chair may convene the
Boards in closedto consider matters of pending or potential litigation,or
personnel matters,pursuant to'Government Code Sections 64956.9,54957 or
54957.6.
Reports relating to(a) purchase and sale of real properly;(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
` permitted closed session and are not available for public inspection. At such '
time as final actions are taken by the Boards on any of these subjects,the
minutes will reflect all required disclosures of information.
i.:........_..a a.,_...::...__........................................................._....................__..........__.............__...............
(a) Convene in dosed 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) DISTRICTS 1. 2. 3. 6. 7. 11, 13 & 14
Other business and communications or supplemental agenda items, if any
(8) DISTRICTS 1. 2 3 6 7. 11 13 & 14
Matters which a Director would like staff to report on at a subsequent meeting
(9) DISTRICTS 1. 2, 3 6 7 11 13 & 14
Matters which a Director may wish to place on a future agenda for action and staff report
(10) DISTRICT 1
Other business and communications or supplemental agenda items, if any
(11) DISTRICT 1
Consideration of motion to adjourn
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J..
03/29/95
(12) DISTRICT 2
Other business and communications or supplemental agenda items, if any
(13) DISTRICT 2
Consideration of motion to adjourn
(14) DISTRICT 3
Other business and communications or supplemental agenda items, if any
(15) DISTRICT 3
Consideration of motion to adjourn
(16) DISTRICT 6
Other business and communications or supplemental agenda items, if any
(17) DISTRICT 6
Consideration of motion to adjourn
(18) DISTRICT 7
Other business and communications or supplemental agenda items, if any
(19) DISTRICT 7
Consideration of motion to adjourn
(20) DISTRICT 11
`..� Other business and communications or supplemental agenda items, if any
(21) DISTRICT 11
Consideration of motion to adjourn
(22) DISTRICT 13
Other business and communications or supplemental agenda items, if any
(24) DISTRICT 13
Consideration of motion to adjourn
(25) DISTRICT 14
Other business and communications or supplemental agenda items, if any
(26) DISTRICT 14
Consideration of motion to adjourn
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_____.._..............._____________ .
312�
.
I NOTICE TO DIRECTORS: To place items on the agenda for the Regular Meeting of the
Joint Boards, Directors shall submit items to the Board Secretary not later than the close of
i business 14 days preceding the Joint Board meeting. The Board Secretaryshall include on
the agenda all items submitted by Directors, the General Manager and General Counsel and
all formal communications.
l
Board Secretary: Penny Kyle (714) 962-2411, ext. 2026
tw.r
N.Oie
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SUPPLEMENTAL AGENDA
BOARDS OF DIRECTORS
COUNTY SANITATION DISTRICTS
NOS. 1, 2, 3, 6, 7, 11, 13 AND 14
OF ORANGE COUNTY, CALIFORNIA
DISTRICTS'ADMINISTRATIVE OFFICES
10844 ELLIS AVENUE
FOUNTAIN VALLEY, CALIFORNIA 92708
SPECIAL MEETING
APRIL 12, 1995 -7:30 P.M.
......................................._........................................................................................................................................
.
In accordance with the requirements of California Government Code Section 54954.2, I
I this agenda has been posted in the main lobby of the Districts'Administrative Offices not less
than 72 hours prior to the meeting dale and time above. All written materials relating to each
agenda item are available for public inspection in the office of the Board Secretary.
v In the event any matter not listed on this agenda is proposed to be submitted to the I
Committee 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
i attention of the Committee subsequent to the posting of the agenda, or as set forth on a
i supplemental agenda posted in the manner as above, not less than 72 hours prior to the meeting
date.
i........................ .........................._......._........................._..........---.........................................................i
(7) DISTRICTS 1 2 3. 6. 7. 11, 13 8 14
Consideration of Resolution No. 9532, authorizing a short-term loan to the Garden
Grove Sanitary District to prevent their loan default arising from the Orange County
bankruptcy.
JOINT BOARDS OF DIRECTORS
SPECIAL MEETING
APRIL 12, 1995
Agenda Item (7): Consideration of Resolution No. 95-32
authorizing a short-term loan to the Garden Grove
Sanitary District to prevent their loan default
which could harm all borrowing entities In the
County
Summary:
One of our member agencies, the Garden Grove Sanitary District, has a $5.4 million
debt service payment due May 1, 1995. Director Swan proposed to the Finance and
Personnel Committee that the Districts loan the Sanitary District the funds for a short
tern to prevent a default which could harm all the borrowing entities in the County,
including us. The short-term loan would be secured by first rights to any proceeds from
the Orange County Investment Pool and a loan to the Sanitary Districts from Bank of
America. A 77% withdrawal from the OCIP would provide approximately $4.2 million for
the Sanitary District to repay a short-term loan.
After a presentation to the Joint Boards on March 29, 1995 by Director George Brown,
Finance and Personnel Committee Chairman, the Directors voted to approve a loan to
the Sanitary District in concept. They directed staff to return to the April 12, 1995,
Special Meeting with a resolution for consideration.
Enclosed are the original staff report and General Counsel's memo considered at the
March 29, 1995 meeting, and a draft Summary of Terms and Conditions for the
proposed loan called "Refunding Obligations" by the Sanitary District.
Staff Recommendation
That the Joint Boards approve Resolution No. 95-32 authorizing a short-term loan to the
Garden Grove Sanitary District to enable them to make a May 1, 1995 debt service
payment.
�/ r�awnu�wues
Summary of Terms and Conditions of Refunding Obligations
1. Amount and $5,363,640.63
Dated Date: May 1, 1995
2. Due Date: (a) In whole on December 1, 1995, or (b) earlier in whole or in
pan, upon GGSD receipt of repayment monies from the County or
refinancing proceeds from the sale of additional refunding
obligations.
3. Interest Rate: Payable on the 1st day of each month. Determined monthly at a
rate equal to the published rate of return of the State's Local
Agency Investment Fund ("LAIF") computed for actual days
elapsed. Rate for partial month shall be based on most recent rate
for which information is available.
4. Covenants: (A) GGSD to exercise best efforts to refinance shortfall between
first substantial County payout and principal amount ("Shortfall")
`.r as soon as possible upon receipt of first substantial County payout.
(B) GGSD to apply all payments from County in respect of
GGSD's deposits in County's lnvesanent Fund(s) to repayment of
the Refunding Obligations until paid in full, with interest.
(C) GGSD to maintain rates at a level sufficient to amortize
anticipated County shortfall of $1,300,000 on a level debt service
basis for a given term and the actual interest rate, after payment of
all normal operating expenses of GGSD; and
(D) GGSD to incur no other indebtedness, other than short term
obligations entered into in the ordinary course of business, while
Refunding Obligations remain outstanding without prior written
consent of Districts.
5. Prepayment: (A) Optional: At any time, in whole or in part, upon 48 hours
notice, at the option of GGSD, with accrued interest to prepayment
date, without premium.
(B) Mandatory: At any time, in whole or in pan, without prior
notice, upon receipt of County payout or proceeds of Refunding
Obligations.
4d
rusL.75100_1i 17112657.3 A-1
UJ/UF,95 08:97 $7l9 721 9937 YFR �L"VURI BCH I®UU7
Part 2
Conditions Precedent to Sanitation Districts Obligation to Purchase Refunding Obligations of
GGSD:
I. Districts receipt of GGSD Documentation of Refunding Obligations and rate
setting in form and substance satisfactory to Districts' General Manager.
2. Receipt of Evidence of Bank of America National Trust and Savings Association,
or City, or other commitment to refinance the Shortfall in a form and substance
satisfactory to Districts' General Manager.
3. Receipt of legal opinions of GGSD's general counsel or bond counsel as to due
authorization and enforceability of Refunding Obligations in form and substance
satisfactory to Districts' counsel.
YUBL:261 W_11 171 W657 3 A_2
COUNTY SANITATION DISTRICTS
.1 ORANGE COUNTY. CALIFORNIA
March29, 1995 'O94AELLISAVENUE
BO BOX 8127
y FOUNTAIN VALLEY.CALIFORMA 9272B.BN7
(71.1952.2.11
STAFF REPORT
LOAN TO GARDEN GROVE SANITARY DISTRICT
Background
One of our member agencies, the Garden Grove Sanitary District, has a $5.4 million
debt service payment due May 1, 1995. Director Swan proposed to the Finance and
Personnel Committee that the Districts loan the Sanitary District the funds for a short
term to prevent a default which could harm all the borrowing entities in the County,
including us. The short-term loan would be secured by first rights to any proceeds from
the Orange County Investment Pool and a loan to the Sanitary Districts from Bank of
America. A 77%B withdrawal from the OCIP would provide approximately $4.2 million for
the Sanitary District to repay a short-term loan.
The Committee directed staff to continue to evaluate the legality and feasibility of a
short-term loan to Garden Grove Sanitary District and to return to the April 12
y� Committee meeting with a report. Timely final approval of a loan was expected to
require a special Board meeting.
In the meantime, a special Joint Board meeting has been called to review OCIP
matters.
Proposal
General Counsel has reviewed the statutes and codes and has determined that it would
be legal for one or more County Sanitation Districts to loan funds to the Garden Grove
Sanitary District for its public purpose. Staff and General Counsel have agreed that it is
significantly simpler and less costly for only one District to make the loan.
The proposal discussed by the Finance and Personnel Committee would result in a $5.4
million loan to the Sanitary District until their OCIP distribution. There are two scenarios
for this. The Sanitary District has filed with Judge Ryan a petition for an immediate
release of 77% of their deposit, or approximately $4.2 million. The fallback position is
that the Sanitary District would be paid out of the OCIP with the rest of the depositors,
estimated to be in June 1995. This loan would earn interest in an amount similar to that
which would have been earned if the District had invested the funds.
Loan to Garden Grove Sanitary District
Page 2 ..d
March 29, 1995
The remainder of the Sanitation District loan to the Sanitary District, approximately $1.2
million, would be repaid to the District from proceeds of a new loan to the Sanitary
District from the Bank of America. Thus, within three to six months, the Sanitation
District would be completely repaid with interest.
The Finance and Personnel Committee recommended that this proposal be considered.
Alternative
Between the Committee meeting and now, Director Sheldon Singer from the Sanitary
District has proposed an alternative. This proposal eliminates the need for the Sanitary
District to borrow from the Bank of America. Instead, the Sanitation District would carry
a five-year loan for approximately $1.2 million due from the Sanitary District.
The Sanitation Districts can legally execute a five-year note. We are attempting to get a
legal opinion from Garden Grove Sanitary District that it can legally issue such a note.
Several points would need to be clarified or established before entering such an
agreement, including the ability of the Sanitary District to repay the loan, revenue
coverage ratios, adequate sewer use rates, and status with LAFCO.
GGS:lc
J\W G W.IFIMGMHEUM9 W^.RGM1FiC(ifiO.W
EXHIBIT A
Part 1.
Summary of Terns and Conditions of Refunding Obligations:
1. Amount and $5,363,640.63
Dated Date: May 1, 1995
2. Due Date: (a) In whole on July 31, 1995, or(b) earlier in whole or in part, upon
GGSD's receipt of repayment monies from the County of Orange or
refinancing proceeds from the sale of additional refunding obligations.
3. Interest Rate: Payable on the 1st day of each month commencing June 1, 1995.
Determined monthly at a rate equal to the published rate of return of the
State's Local Agency Investment Fund ("LAIM computed for actual days
elapsed. Rate for a partial month shall be based on the most recent rate
for which information is available.
4. Covenants: (A) GGSD to exercise its best efforts to refinance any shortfall between
first substantial payout from the Orange County Investment Pool
bankruptcy proceeding and settlement agreement, and principal amount
("Shortfall") as soon as possible upon receipt of first substantial County
payout.
(B) GGSD to apply all payments from the Orange County Investment Pool
bankruptcy proceeding and settlement agreement in respect of GGSD's
deposits in Countys Investment Pool Fund(s) to repayment of the
Refunding Bonds until paid in full, with interest.
(C) GGSD to maintain service rates at a level sufficient to amortize the
anticipated shortfall of$1,300,000 between the proceeds of the bankruptcy
settlement and the amount of the Refunding Bonds purchased by the
Districts on a level debt service basis for a given term and the actual
interest rate, after payment of all normal operating expenses of GGSD;
and,
(D) GGSD to incur no other indebtedness, other than short tern
obligations entered into in the ordinary course of business, while Refunding
Bonds remain outstanding, without prior written consent of Districts.
5. Prepayment: (A) Optional: At any time, in whole or in part, upon 48 hours notice, at the
option of GGSD, with accrued interest to prepayment date, without
premium.
(B) Mandatory: At any time, in whole or in part, without prior notice, upon
receipt of GGSD payout of Orange County Investment Pool settlement
proceeds.
Exhibit A-1
Part 2
Conditions Precedent to Sanitation Districts' Obligation to Purchase Refunding Bonds of GGSD:
1. Districts receipt of GGSD Documentation of Refunding Bonds and rate setting in forth and
substance satisfactory to Districts' General Manager and General Counsel.
2. Receipt of Evidence of Bank of America National Trust and Savings Association, or City, or
other commitment to refinance the Shortfall in a form and substance satisfactory to
Districts' General Manager and General Counsel.
3. Receipt of legal opinions of GGSD's general counsel or bond counsel as to due
authorization and enforceability of Refunding bonds in forth and substance satisfactory to
Districts' General or Bond Counsel.
ss�
Exhibit A-2
- - i
Settlement Agreement
1
1
Plan � Cash � Notes � Claims � ± 100%
A
Plan Litigate or Negotiate for °
B Cash Remainder
I
1
i
No '
Opt Out Litigate
Plan
I
— - I
-- i
I
Path to 100 %
Recovery Notes
$20.6 million
rc Settlement Secured
Plan A Claims
. $45.8 million
e Repayment Claims
$50.3 million
Cash Distribution
$305.7 million Plan B Litigate
+ $48.9 million (previously or
{ withdrawn) Negotiate
$354.6 million
's
Improvements -
. Recovery Notes will be Good as Gold
. Litigation Proceeds flow directly from the
Settlement Secured Claims to the Repayment
Claims
. Pool Participants will never be subordinate to
Merrill Lynch
. Repayment Claim is stronger
i;
4111/95
All Districts
Ending Cash Balances
$40.00 -- 1995 _
$34.00 $33.42
$30.00 - -
S25 23
$23.34
$19.18 $18.72
$20.00 - - - - --- -
Lo
2 $10.00
6
o '
o $2 26 $2 15
0 0
r '
j �' m Q � � � N � Z ❑
� 0 2
m w
($10.00)
($13.44)
($20.00) _ _ - _ . - - _ _ . - - - - - . . . - - - - - - - - - - - - - - -- - ---- ---- - - --- ---- -------- -
($20.80)
($22.54)
($30.00)
CASFLIA5.XLS 129 PM
416195
Scenario 1A
COUNTY SANITATION DISTRICTS OF ORANGE COUNTY
Estimated Monthly Cash Flows
In Millions of Dollars
As Of March 31, 1995
Januarv, February March AN May Aped J* Auoust $ept QGt Noy BEG 12 Months
1 Beginning Cash Deposits (6.33) 23.34 19.18 18.72 34.00 33.42 25.23 2.26 (5.96) (13.44) (20.80) (22.54) (6.33)
2 Release of Funds in County Pool 46.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 46.00
3 Receipts:
4 User Fee&Tax Apportionments 11.00 7.80 7.02 22.10 7.10 0.00 1.50 0.00 0.00 0.00 7.60 33.60 97.72
5 Interest&Other Income 1.18 0.87 1.65 1.04 1.01 0.80 1.25 0.80 0.63 1.15 0.90 0.60 11.88
6 Subtotal: Receipts 12.18 8.67 8.67 23.14 8.11 0.80 2.75 0.80 0.63 1.15 8.50 34.20 109.60
7 Requirements:
8 Payroll 2.70 2.70 3.90 2.70 2.70 2.70 2.70 3.90 2.70 2.70 2.70 2.70 34.80
9 Accounts Payable 4.68 3.86 4.44 4.37 5.22 5.52 4.90 5.12 4.64 5.04 6.77 6.04 00.60
10 Taxable Commercial Paper Program 20.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 20.00
11 COP Program Interest&Principal 1.13 6.28 0.80 0.80 0.77 0.77 18.12 0.00 0.77 0.77 0.77 0.77 31.75
12 Subtotal: Requirements 28.51 12.83 9.13 7.86 8.69 8.99 25.72 9.02 8.11 8.51 10.24 9.51 147.12
13 Ending Cash Deposits 23.34 19.18 18.72 34.00 33.42 25.23 2.26 (5.96) (13.44) (20.80) (22.54) 2.15 2.15
Assumes No Future Withdrawals After 846,900,000
Assumes No New Borrowing
Assumes Interest Earnings on Average Cash Balance @ 4%
Assumes COP Service After March at March Rates
Assumes Priority Capital Improvement Plan per 12130 Engr Estimates
Assumes Operating Payables Based on 1994 Actual Averages
1:19 PM
CASFLIA5.XLS
COUNTYSAWATION DISTRICtS OF ORANGE COUNTY
Schedule of EsMnahrd Dlsblal Cash Flows
for Me period Apol 1,1995 Mru July 31,1995
(In Millions olDollan)
As o/Manch 31, 1995
dl 1998 May 1995 June 1995 Jury 1895
Eat User Fee Interest& Payroll at Usar Fee Interest& Payroll at Interest& Payroll Est User Fee Interest 8 Payrolf Est
Distract Balance &Tax &Other An'& Balance &Tax &Other AIP& Balance It Other AIP& Balance &Tax &Oft, AIP& Balance
No. Y31196 pon. Income Debt.SON. 4I30195 Ap orl. Incom m e Dabl.Sew 5131195 Incoe Debt.Sew. W30105 Apport. Income Debt.Sam. 7131/96
1 1.41 1.80 0.10 (0.15) Z.57 0.60 0.10 (0.88) 2.37 0.08 (0.58) 1.57 0.10 0.12 (3.01)
2 6.79 7.00 0.32 (2.56) 10.63 2.23 0.31 (2.71) 10.30 0.25 (2.81) 7.80 0.50 0.39 (am) 0.14
3 6.42 7.70 0.32 12.40) 12.04 2.41 0.31 (2.69) 12.07 0.24 (2.78) 9.53 0.60 0.39 (7.85) 2.67
5 0.64 1.20 0.04 (0.29) 1.40 0.40 0.04 (0.31) 1.62 0.03 (0.32) 1.33 0.05 0.04 (1.43) (0.01)
L
1.02 1.00 0.05 (0.37) 1.70 0.35 0.05 (0.42) 1.68 0.04 (0.43) 1.29 0.06 0.06 (1.06) 0.36
Call 2.00 0.08 (0.68) 2.98 0.65 0.06 (0.70) 3.01 0.06 (0.73) 2.34 0.10 0.10 (1.87) 0.67
0.34 1.20 0.07 (0.48) 1.13 0.40 0.08 (0.53) 1.06 0.05 (0.55) 0.56 0.07 0.08 (1.43) 10.72)
0.24 0.20 0.01 (0.08) 0.37 0.06 0.01 (0.08) 0.36 0.01 (009) 0.28 0.02 0.01 (0.09) 0.22
1.38 0.00 0.05 (0.20) 1.23 0.00 0.05 0,39 0.89 0.04 0,40) 0.53 0.00 0.06 0.44) 015
15.72 22.10 1.04 7.86) 34.00 7.10 1.01 6.89 33A2 0.80 8.99 25.23 1.50 1.25 2572 2.26
416195 NEW_OLD XLSPRO FORMA
4/6/95
Allocation of Orange County Investment Pool To Individual Districts
A @ S Q E E Ga tf 1 ,!
Settlement Notes&Claims Past Distributions&Reserves Cash Total
Pre Bankruptcy Interim Professional Proceeds Distribution Settlement
Cash&Invest Recovery Settlement Repayment Distributions Service Withheld By On Proceeds
Dist Balances N9Las Secured Note Claims I4121 Thm 3117 Reamer Wail Street Effective Date E+F+G+H+I
1 29,187,677 1,578,017 2,839,060 3,113,593 7,530,670 4.657,170 89,427 479,798 17,005,684 29,762,749
2 136.360,169 6.259.165 13,263,642 14,546,203 34,069,009 15,406.650 417,788 2,241,537 86,911,833 139,046,817
3 134438,304 6.024.812 13.076.697 14,341,195 33,442,704 14,342.020 411.900 2,209,946 86,680,519 137,087.089
5 27,442,172 1,016,682 2,669,277 2,927,391 6,613,349 1.702,470 84,079 451.105 19,131,852 27.962,855
6 20,917,998 936,688 2,034.676 2,231,426 5.202,790 2,213,680 64,090 343.858 13,505,720 21,330,138
7 54,221.424 2,123,632 5,274,071 5,784.066 13,181,769 4,033,400 166.127 891.312 37,017,120 55,289,728
11 33,461,082 1,387,288 3,254,730 3,569,458 8,211,477 2,884,350 102,520 550,046 22,371,961 34,120,354
13 11,663,503 386,982 1.134,499 1,244.203 2,765,684 478.380 35,735 191,729 8,421,778 11,893,306
14 6.599,445 375,065 641,922 703,996 1,720,983 1,181,880 20,220 108,484 3,697.904 6,729,471
Total 464,291,774 20,088.331 44,188.573 48,461,529 112,738,434 46,900,000 1,391,886 7,467,815 294,744,372 463,242,506
100.00% 4.42% 9.73% 10.67% 24.82% 10.32% 0.31% 1.64% 64.88% 101.97%
OCIP 26.XLS 11:OOAM
MEETING DATE:ADTI( 12. 1995(SBBBIBII TIME: 7:30 P.M. DISTRICTS: 1. 2.3. S.7. 11, 13 S 14
DISTRICT JOINT BOARD6
(MORENO) •• MC BUIGAN . . ..... . I IBOWMANI ...... ..... AGE . . .
. .. .ow) ....... . .. .......
(COONT .....0 I�RIRPHY . . . .... . . .be ILASZLO . ............ MOM . . .. .......
ILO TS) .. ....... .. MURPHY ...... .... ✓ ISCOTTI . . ...... ... .. COLLINSX .. . .. . .. ....
IPoTT81 . ... ...... .. BALTARELU .... .... T IDEBAYI . . ......... .. COX .. . . . ........
ISTEWERI ....... .... STANTON ... . ... .. (COX) .. ............. DEBAY ... ........
BELLI
IMUE . . . .. .......... DENES ....... ..
IBAUERI . ........... . DETTIOFF .... ... ..
DISTRICT 2 %RKERI ........... . DUNLAP ..........
ISCOTTI ............ COLUNS .......... ./ (DOWNEY)............ ECKENRODE .......
IGULLIXSONI . ........ WELCH ....... .... f+( (MARY) .. ...... ... . . FERRYMAN ........
(BELLI . .. ........... DENES . ........... (ANDERSON) .......... FLORA ....... ... .
IPARKERI ........... DUNLAP.. ......... (MARSHALU .......... GRIFFIN .. .........
(DOWNEYI .......... ECKENRODE ........ .je_ (WELCH) ............. GULLIXSON ........ _ _
(ANDERSON) ......... FLOM . .. ....... .. t (WARD) ............. HAMMOND ........
IMORENOI .......... . MCGUIGAN ........ �L IBAUERI ............. LEIPZIG . .......... _
ICOON121 ........... MUMMY .......... _EG IMILERI ............. LINN . . . ..........
INORBVI ............ ..SIN .......... (CORENONTZ) GPHUI A............ MC Y . ......... —_
RLAKETI...... ...... SA . ........ ( O ............ M . .......
(STEINER) ..... ...... STANTON ........ . OF IOUNLAPI ............ PARKER...........
IDALYI ............. ZEMEL . .. ......... . (EPPERSON)........... RICE . . .. ......... —
(NORBYI ......... .... SA ..... . ........
DISTRICT 3 (MITTS) ... ...... .... SALTARELU........ _
IDOTBONI . ..... . .... BANEN ..... .... .. ...L IDOTSOM .. ...... .... GAPER ........... _
)PARKER) . ......... . DUNLAP..... ...... w0 12LAKETI. . . . .. ... . . . . SINGER ... ........ _ _
BIOWMANI .... ...... ABC ........, , STEINER). ... .... .. ... STANTON . . ...... _
ILASZLOI .. ... ... ... BROWN ....... .. ISTANTOMLLEAS . . . ... . . . ... STENERWAN . . . . . ..... . _ _
LADDER) IMILLERI . , . . . . . . . . . SWAN ..... . .. ... .
IANDERSONI ......... FLORA ............ . IGULLMTROMI . .. .. . .. WELVIACH
....... ... .
IIMflSHAILI ......... GRIFFIN . .......... ,J[ IOVLLLXBONI .......... YIEICH ....... ... . —
(BAUEfl) . ........... LEIPZIG ........... IDALYI . ... ... ... ... . ZEMEL ...... .....
IMWERI .. ........ . I LWN ............. J[
(MORENOI .......... . MCGUIGAN ......
IEMEMONI.......... PILE .. ........... STAFF OTTERS
INORBYI ............ SA . ........... .. . ANDERSON . WOODRUFF .. JC
ELAKETI.......... .. SINGER ........... _ e HASENSTAB yL DEMIR..... .
(STEINERI ........... STANTON ...... HODGES .. . yf. MOM .... .
IWAHLSIiIOMI ....... 8YLVIA .. ...... ... JONK .... . LEE . . ......
IDALYI ........ ..... ZEMEL .. . ...... ... . KYLE .... . ,� LINDSTROM..
LINDER .... _ NIXON......
-mmicls MCINTYRE. . JL SHAW .... ..
ICOXI ..... .. DE&LV MCNELLY . , STONE ... .. _
OOTEN . . .
(STANTONI ..... . . .. . .. .•• •• —
IDEBAY ... ...... COX
.. . . . ..... . .. ST11EE0 ... .•G .. . . . .....
TALEBI .... _ .. . . . . ....
� .TRICT TORRES ... . . . . ......
NiRMN ..if� L 7EMPRTR......... ./ VINCENT. . . _. _. . ... ......
(COX) .............. DEBAY . ........... �r WINBOR . . . _ _ . .........
(STANTON) .......... STEINER. . ...... ... S!-�� . .. .. .. . "
DISTRICT 7 �
IWARDI ........... . HAMMOND......... JG ,B.E,y
IPOTTSI ..... ...... . SALTARELLI ........ JG
ICOXI ... DESAY............ SP
IMORENOI .. ...... ... MCGUIGAN
....... . J[_ __ ,d,(•Q_ yL
ISOONTZI .......... . MUMMY ......... . _
ISTANTONI .......... STEINER..........
DISTRICT 11
IBAUERI . . ...... . . .. LEIPZIG ........ .. . _!� _
IBAUERI . ....... .... DETTLOFF ...... ...
(STEINER) . .......... STANTON ...... ... .
DISTRICT 13
IWELCHI ............ GULUXSON ........
IDUNLAPI ..... ...... PARKER . ... ...... . . _.
ICOONT4 ........... MURPHY .
IBTANT.. ZEMEL.......... fl. ..........
IDALYI .......... . 2EMEL . . .......... JL
DISTRICT 14
(PUTTS) . ......... .. SALTARELU ....... . JG
IWARDI ......... . .. HAMMOND........ . .Ae-
ICOONT4 ........... MURPHY ......... . JL
ISTANTONI .......... STEINER........... ouoz
(MILLER) .......... .. SWAN ............ 04M19s
MEETING DATE:April 12, 1995 IbPeci.q TIME: 7:30 P.M. DISTRICTS:1.2. 3. B. 7.,11, 13 A 14
DISTRICT 1 3 JOINT BOARDS 0 '
(MORENO) . . . .. ... . . . MC GUIGAN . .. y.. IBOWMANI . . . . . . . . . . . AGE . . . . . . .......
BERIIYI . . . ...... . . . FEEIXYMAN ..]L:[/.M.4' ILASZLO I . . . . . . . . . . . . BROWN . . . ........ _ .
ICOONT21 . . . ..... . . . MURPHY ...... .... ISCOTTI . . . . . . . . . . . . . COLLINS . . . ....... .
IPOTTSI . . . . .. .. . . . . SALTARELLI ........ . IDESAYI . . . . . . . . . . . . . COX .. . . . . . . . .. . .
(STEINER) . . ...... . . . STANTON ..... ICOX1 . . . . . . . . . . . . . . . DEBAY . . . . . . . .. . . —
(BELLI .. . . . . . . . . . . . . . DENES . . . . . . . . . ..
IBAUERI — . . . .. . . . . . DETTLOFF . . . . . . . . .
S IPARKERI . . . . . . . . . . . .iiYMt'Af . . . . . . . . . .
ISCOXF� . . . . .. . . . . . . COLLINS ..... . .. . J IDOWNEY '(. . . .. . . . . . ECKENRODE . . . . . . .
—
IGULLIXSONI . .... . . . . WELCH . ........ . ILA4F . . . AMNV4YN . . . . . . . . .
IBELU . . . . . . ..... . . . DENES .. .... . (ANDERSON) . . . .. . . . . . FLORA .. .. . . . . . . .
(PARKER) . . ...... . . . DUNLAP........... ...L IMARSHALLI . . . . . . . . . . GRIFFIN .. .. . . . ....
(DOWNEY) . . .. ... .. . ECKENRODE ........ Jc IWELCHI ... . . . .. . . . . . GULLIXSON . . . . .. . . —
(ANDERSON) . . . .. . . . . FLORA .. . . . . . .... . (WARM . . . . . . .. . . . . . HAMMOND . . . . .. . . —
(MOREN0) . . . . . . . . . . . MCGUIGAN . .. — , _K IBAUERI . . . . . . .. . . . . . LEIPZIG . . . . ....... —
ICOONTZI . . . . . II . . . . MURPHY . . . . . ... . . IMINERI . . . . . . . . . . . . . LINN ... . .. ....... _ —
INORBYI . . . . . . . . . . . . SA . ..... . . . .. . IMOREN01 . . . . . . . . . . . . MC GUIGAN. . . . .. ..
—
(ZLAKET). . . . . . . . . . . . SINGER . . . . . . .. . . . y ICOONTZI . . . .. . . . . .. . MURPHY . . . . . .....
ISTEINERI . . . . . . . . . . . STANTON . . . . . . .. . IDUNLAPI . . . . . . . . . . . . PARKER. . . . . . . .. .. _ —
IDALYI . . . . . . . . . . . . . ZEMEL .. . . . . . . . . . . . IEPPEASONI . . . . . . . . . . . RICE ... . . . . . . .. . .
INORBYI . . . . . . .. . . . . . SA .... . . . . .... ..
DISTRICT 3� IPOTTSI .. . . . .. . . . . .. SALTARELLI........
IOOTSONI . . . . . . . . . . . SA%EN . . . . . . ... . . yI :DOTSON) . . . .. . . . . . . . SA%EN . . .. .. ..... —
(PARKER) . . . .. . . .. . . DUNLAP. . . . . . . . . . . . IZLAKETI . . . . . . . . . . . . . SINGER . . . . . . ... .. . .
—
.. . . . . . . . .. . .IBOWMANI . . . . . . . . . . AGE (STEINER) . . . . . . . . . . . . . STANTON . . .. ... . . .
JG
(SCOTILASZLO) . . . . . . . . . . . BROWN . . . . . . . . . . . (STANTON)LUERI . . . . . . . . . . . . STENER . . . . . ... ..
ISCOTi) . . . . .. . . . . . . COLLINS . . . . . . . . . . JC IMILLERI . . . . . . . . . . . . . SWAN .. . . ... ..... —
—
(ANDERSON) . . . . . . . . . FLORA . . . . . . . . . . . . . IWAHLSTROMI . . . . . ... SYLVIA . . . ........ _
(MARSHALL) . .. . . . . . . GRIFFIN . . . . . . . . . . . IGULUXSONI . . . . . . . . .. WELCH.. . . . ..... ..
IBAUERI . . . . . . . . . . . . LEIPZIG . . . . . . . . . . IDALVI . . . . . . . . . . . .. . ZEMEL . . . . .......
(MINER) . . . . . . . . . . . . LINN . .. . . . . ... . . . JG —
(MORENO) . . . . . . . . . . . MCGUIGAN . . . .. . . . .
IEPPERSONI . . . . . . . . . . RICE .. . . . . . . .. . . . JG STAFF OTHERS
INORBYI . . . . . . . . . . . . SA .. . . . . . . . . . . . . ANDERSON WOODRUFF
IZLAKETI . . . . . - . . . . . SINGER . . . . . . . . . . . L HASENSTAB JG DEMIR . . . . ..
KNOM
IGTEINERI MI . . . . .. . STANTONYLVIA . . . . . .. . . . JG HONK ... _� LEE . . . . . .. _
IDAHLSTROMI . . . . ... SYLVIA . . . . .... . .. . JONK . .- LEE LINDSTROM ..
IDALVI . . . . . . . . . .... ZEMEL . . . . ..... ... KYLE . . ... ,� NIXONIOM ..
LINGER . . . NI%ON. . .... _
ICT B MCINTYRE . . _� SHA W, ... , .
. . DEBAY . ... .. MCNELLY . . �� STONE .....
ISTANTONI OOTEN . . J� ... ..... _
DEBAY COX STREEO . . . JL ....... � _
TALEBI .
DISTRICT b [��// �. TORRES . . . . .. . . . . . ..
RlRRTP ......... . . .`FEAR1'MRN.'x!ZRT(�� VINCENT . .. . ... . . . . ..
ICO%1 OEBAV . . . . . . ... . . . $e WINSOR ... . .. . . . . ...
_ _
ISTANTONI . . . . . . . . .. STEINER. . . ..... ...
(STRICT 7 / � 0
I STR HAMMOND. . . . .....
IP SI ..... . .... . . SALTARELLI . . . .. ... J� _
(COX) DEBAY
fERRMMIRr gYIT.�r I� `/"//(S(/wV/fC`o�-'
IMOBENOI . ....... . . . MCGUIGAN . . . . . . . .ICOONTZI . ... . . . . . MURPHY . . . .... . . .
ISTANTONI . . . . . . . . .. STEINER. . . . ....... � � ?6 0L �
DISTRICT 11 —
IBAUERI ..... . ... . . . LEIPZIG . .. . . . . _
IBAUERI O . . . . . . .
(STEINER( .. ... STANTON.. . . . STAN . . . . . . . . .
DISTRICT 133 b
IWELCH) . . . . . . . . ... . GULLIXSON
(DUNLAP) PARKER . . . . . . . . . y/ _
ICOONTZI MURPHY . . . . . . . . . -K
ISTANTONI . . . . . . . . .. STEINER. . . . . . . . . . .
IDALVI . . . . . . . . . .... ZEMEL . . . . . . .. . ..
(STRICT I4
......... . . SALTARELLI . . . . . . . . ✓� ___
HAMMO
ICOON . . ... I . ... MURPHY . . . . . . . . . . _
(STANTON)NT .. . . . . ... MURPHY . . . ... . . . . —.
ISTLLER) . SWAN .... . . . . . . . DL101
IMILLERI SWAN OCIl Dl95
a
1
COUNTY SANITATION
DISTRICTS NOS. 1, 2, 3, 6, 7, 11, 13 AND 14
OF
ORANGE COUNTY, CALIFORNIA
MINUTES
SPECIAL JOINT BOARD MEETING
APRIL 12, 1995
�Q�STRICTS pFp
G
y
Z �
v a
ADMINISTRATIVE OFFICES
10844 ELLIS AVENUE
FOUNTAIN VALLEY, CALIFORNIA 92708-7018
ROLL CALL
A special meeting of the Boards of Directors of County Sanitation Districts Nos. 1,2. 3, 6, T,
11, 13..it 14 of Orange County, California, was held on April 12, 1995,at 7:30 p.m.,in the
Districts'Administrative Office.. Following the Pledge of Allegiance and invocation the roll was called
and the Secretary reparted a quorum present for Districts Nos. 1, 2,3.6, ]. 11, 13 and 14 Be
follows:
ACTNE ALTPANATE
DIRECTORS DIRECTO115
DISTRICT NO. 1: Pat McGuigan, Chair Ted A.Mares
James M.Ferryman,Chair pro tam _a_ Arlene Schaler
x Mark A.Murphy Josaw Cooms
Tlamas R.Saltarelli Jim Pons
Roger Stamon William G.Stainer
DBTTRICT NO.g: Z John Collins.Clair George Sco0
y Daniel T.Welch.Chair pro tam John M.Gullixson
1 Berry Dams Bob Bell
Burnie Dumas Glenn Parker
Norman Z.Eckemode C .l Downey
x James H.to. Steve Anderson
Pat McGuigan Ted R.New.
x Mark A.Murphy Joanna Cos=
Julie Sa Chris Norby
Sheldon Singer George L.Maker
Roger Salmon William G.Stainer
Bob Zemm Tom Daly
DISTRICT NO.3: Sal A.Sapien.Chair Haney M.Dmwn
Burnie Dunlap,Chair pro tam Glenn Parker
y Cecilia Ape Walter Bowman
George Sown Frank tesslo
John Collim Geom.Scott
s_ James H.Flora Stove Anderson
Don R.Griffin Patsy Marshall
Victor teiprig Ralph Bauer
Wally Linn Eve G.Miner
Pat McGuigan Ted R.Moreno
_3— Margie L.Rice Grace Epperson
g Julie So Chms Norby
Sh ulon Singer George L.Maket
Roper Shaman William G.Steiner
x Charles Sylvia Robert W.Netmm
Bob Zemel Tom Dely
DISTRICT NO.S: _ Jan Delay,Chair John C.Cox,Jr.
_ William G.Stamen,Chair pro tam _ Raper Stanton
John C.Cox,Jr. _ Jan Deboy
DISTRICT NO.6: James M.Ferrymen,Chair Mane Schafer
g Jan Delay.Chair pro tam _ John C.Cox,Jr.
y William G.Stainer _ Scaler Stanton
DISTRICT NO,T: 1 Barry Hammond,Chair Mike Ward
x Thomas R.Salt eelli,Chair pro tam Jim Potts
1 Jan Delay John C.Co.,Jr.
_ James M.Fanyman Adene Schafer
i Pat McGuigan Ted R.Moreno
• Mark A.Murphy Joanne CeonD
g William G.Steiner Roger Stanton
DISTRICT NO.11: Victor Winig.Chair Ralph Bauer
g Shirley Detach,Chair pro tam Ralph Bauer
x Roger Stanton Wiliam G.Steiner
DIMICT NO. 13: John M.Gullixinn, Chair Daniel T.Welch
Glenn Parker,Clair pro tam Sunni.Dunlap
f_ Mark A.Murphy Jenne C.w
x Wlliam G.Steiner _ Roper Stanton
y Bob Zemel _ Tom Daly
DISTRICT NO. 14: x Thames R.Saltarelli,Chair Jim Potts
x Barry HBmmor d.Chair pro tam _ Mike Wald
a Mark A.Murphy Joanne CoonR
�ai y Wlliam G.Staner _ Roper Stanton
J� peer A.Swan _ Darryl Miller
-2-
04/12/95
STAFF MEMBERS PRESENT: Don McIntyre, General Manager, Penny Kyle,
Board Secretary, Gary Hasenstab, Irwin Haydock,
Ed Hodges, Pat McNally, Bob Ooten, Gary
Streed, Jean Tappan
OTHERS PRESENT: Thomas L. Woodruff, General Counsel, Lucinda
Dennis, Patti Gorczyca, Ellen LaPointe, George
Zlaket
DISTRICT 6 In the absence of Chair James M. Ferryman and
AAbpointment of Chair Pro tem Chair pro tern Jan Debay, Director Arlene Schafer
was appointed Chair pro tem of District No. 6.
DISTRICT 1 Moved, seconded and duly carried:
Approving Comprehensive Settlement
Agreement with the County of Orange re That the Comprehensive Settlement Agreement
County's Commingled Investment Pool between the County of Orange and the Orange
County Investment Pools and each of the
Depositors in the Pools including County Sanitation District No. 1, be, and is hereby, approved;
and,
FURTHER MOVED: That County Sanitation District No. 1 does hereby elect to become a Settling
Pool Participant under Option A of the Comprehensive Settlement Agreement.
DISTRICT 2 Moved, seconded and duly carried:
Approving Comprehensive Settlement L
Agreement with the County of Orange re That the Comprehensive Settlement Agreement
Countys Commingled Investment Pool between the County of Orange and the Orange
County Investment Pools and each of the
Depositors in the Pools including County Sanitation District No. 2, be, and is hereby, approved;
and,
FURTHER MOVED: That County Sanitation District No. 2 does hereby elect to become a Settling
Pool Participant under Option A of the Comprehensive Settlement Agreement.
DISTRICT 3 Moved, seconded and duly carried:
Approving Comprehensive Settlement
Agreement with the County of Orange re That the Comprehensive Settlement Agreement
Countys Commingled Investment Pool between the County of Orange and the Orange
County Investment Pools and each of the
Depositors in the Pools including County Sanitation District No. 3, be, and is hereby, approved;
and,
FURTHER MOVED: That County Sanitation District No. 3 does hereby elect to become a Settling
Pool Participant under Option A of the Comprehensive Settlement Agreement.
Directors Don R. Griffin and Victor Leipzig requested that their oppositions to the motion be made
a matter of record.
...
-3-
04/12/95
DISTRICT 6 Moved, seconded and duly carried:
Approvina Comprehensive Settlement
Agreement with the County of Orange re That the Comprehensive Settlement Agreement
County's Commingled Investment Pool between the County of Orange and the Orange
County Investment Pools and each of the
Depositors in the Pools including County Sanitation District No. 6, be, and is hereby, approved;
and,
FURTHER MOVED: That County Sanitation District No. 6 does hereby elect to become a Settling
Pool Participant under Option A of the Comprehensive Settlement Agreement.
DISTRICT 7 Moved, seconded and duly carried:
Approving Comprehensive Settlement
Agreement with the County of Orange re That the Comprehensive Settlement Agreement
Countv's Commingled Investment Pool between the County of Orange and the Orange
County Investment Pools and each of the
Depositors in the Pools including County Sanitation District No. 7, be, and is hereby, approved;
and,
FURTHER MOVED: That County Sanitation District No. 7 does hereby elect to become a Settling
Pool Participant under Option A of the Comprehensive Settlement Agreement.
DISTRICT 11 Moved, seconded and duly carried:
Approving Comprehensive Settlement
Aareement with the County of Orange re That the Comprehensive Settlement Agreement
County's Commingled Investment Pool between the County of Orange and the Orange
County Investment Pools and each of the
Depositors in the Pools including County Sanitation District No. 11, be, and is hereby, approved;
and,
FURTHER MOVED: That County Sanitation District No. 11 does hereby elect to become a
Settling Pool Participant under Option A of the Comprehensive Settlement Agreement.
Director Victor Leipzig requested that his opposition to the motion be made a matter of record.
DISTRICT 13 Moved, seconded and duly carried:
Approving Comprehensive Settlement
Agreement with the County of Orange re That the Comprehensive Settlement Agreement
Countys Commingled Investment Pool between the County of Orange and the Orange
County Investment Pools and each of the
Depositors in the Pools including County Sanitation District No. 13, be, and is hereby, approved;
and,
FURTHER MOVED: That County Sanitation District No. 13 does hereby elect to become a
Settling Pool Participant under Option A of the Comprehensive Settlement Agreement.
1
-4-
04/12/95
DISTRICT 14 Moved, seconded and duly carried:
Approving Comprehensive Settlement
Aareement with the County of Orange re That the Comprehensive Settlement Agreement
County's Commingled Investment Pool between the County of Orange and the Orange
County Investment Pools and each of the
Depositors in the Pools including County Sanitation District No. 14, be, and is hereby, approved;
and,
FURTHER MOVED: That County Sanitation District No. 14 does hereby elect to become a
Settling Pool Participant under Option A of the Comprehensive Settlement Agreement.
DISTRICTS 1. 2. 3. 6. 7. 11, 13 & 14 Moved, seconded and duly carried:
Authorizing a short-term loan to the Garden
Grove Sanitary District That the Boards of Directors hereby adopt
Resolution No. 95-32, authorizing a short-term
loan to the Garden Grove Sanitary District to prevent their loan default arising from the Orange
County bankruptcy. Said resolution, by reference hereto, is hereby made a part of these minutes.
DISTRICT 1 Moved, seconded and duly carried:
Adioumment
That this meeting of the Board of Directors of
County Sanitation District No. 1 be adjourned. The Chair then declared the meeting so adjourned
at 7:45 p.m.
DISTRICT 2 Moved, seconded and duly carried:
Adioumment �..J
That this meeting of the Board of Directors of
County Sanitation District No. 2 be adjourned. The Chair then declared the meeting so adjourned
at 7:45 p.m.
DISTRICT 3 Moved, seconded and duly carried:
Adioumment
That this meeting of the Board of Directors of
County Sanitation District No. 3 be adjourned. The Chair then declared the meeting so adjourned
at 7:45 p.m.
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 Chair then decared the meeting so adjourned
at 7:45 p.m.
DISTRICT 7 Moved, seconded and duly carried:
_Adioumment
That this meeting of the Board of Directors of
County Sanitation District No. 7 be adjourned. The Chair then declared the meeting so adjourned
at 7:45 p.m.
..
-5-
04/12/95
DISTRICT 11 Moved, seconded and duly carried:
Adioumment
That this meeting of the Board of Directors of
County Sanitation District No. 11 be adjourned. The Chair then declared the meeting so
adjourned at 7:45 p.m.
DISTRICT 13 Moved, seconded and duly monied:
Adioumment
That this meeting of the Board of Directors of
County Sanitation District No. 13 be adjourned. The Chair then declared the meeting so
adjourned at 7:45 p.m.
DISTRICT 14 Moved, seconded and duly carried:
Adioumment
That this meeting of the Board of Directors of
County Sanitation District No. 14 be adjourned. The Chair then declared the meeting so
adjourned at 7:45 p.m.
Nvv,
Secretary oft a of Directors
oun of Cty Sa it do thcts
Nos. 1, 2, 3, 6, 7, 11, 13 and 14
MND
.d -6-
i
MOTION:
Move to approve the Comprehensive Settlement
Agreement between the County of Orange and
the Orange County Investment Pools and each of
the Depositors in the Pools including Sanitation
District No.
Move that District No. _ elect to become a
Settling Pool Participant under Option (A) or (B) of
the Comprehensive Settlement Agreement.
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 Districts Nos. 1, 2, 3, 6, 7, 11,
13 and 14 held on April 12, 1995, was duly posted for public inspection in the main
lobby of the Districts' offices on April 5, 1995.
IN WITNESS WHEREOF, I have hereunto set my hand this 12th day of April,
1995.
Penny Kyle, cr ry of each of the
Boards of Di ct of County Sanitation
Districts Nos. 1, 2, 3, 6, 7, 11, 13 & 14
of Orange County, California
J:\WPOO WWRWS 51 7E-Nl
STATE OF CALIFORNIA)
) SS.
COUNTY OF ORANGE )
Pursuant to California Government Code Section 54954.2, 1 hereby certify that
the Supplemental Agenda for the Special Board Meeting of Districts Nos. 1, 2, 3, 6, 7,
11, 13 and 14 held on ' 19fy,-was duly posted for public
inspection in the main lobby of the Districts' offices on _, 19Pr
IN WITNESS WHEREOF, I have hereunto set my hand this JJW day of
19QS
Pe ny Kyle, Se tary ac of the
rs Boards of Dire® of ounly Sanitation
Districts Nos. 1, 2, 3, 5, 6, 7, 11, 13 & 14
of Orange County, California
MlForms 27C