HomeMy WebLinkAbout09-08-2010 Administration Committee MinutesMINUTES OF THE REGULAR MEETING OF
THE ADMINISTRATION COMMITTEE
Orange County Sanitation District
Wednesday, September 8, 2010, at 5:30P.M.
A regular meeting of the Administration Committee of the Orange County Sanitation
District was held on September 8, 2010, at 5:30 p.m., in the Sanitation District's
Administrative Office.
Following the Pledge of Allegiance, a quorum was declared present, as follows:
DIRECTORS PRESENT:
Phil Luebben, Chair
John Anderson
Denis Bilodeau
Doug Davert
Cathy Green
Janet Nguyen
Brad Reese
Christina Shea
Sal Tinajero
Mark Waldman
Larry Crandall, Board Chair
Troy Edgar, Board Vice Chair
DIRECTORS ABSENT:
John Withers, Vice Chair
PUBLIC COMMENTS
There were no public comments.
STAFF PRESENT:
Jim Ruth, General Manager
Bob Ghirelli, Assistant General Manager
Lorenzo Tyner, Director of Finance and
Administrative Services
Donna Terrones, Clerk of the Board
Lilia Kovac, Committee Secretary
Jeff Reed, Human Resources Manager
Mike White, Controller
Laura Maravilla
Juanita Skillman
Rich Spencer
OTHERS PRESENT:
Julie Meggers
Darius llgunas
Ed Soong FILED IN T HE OFF ICE OF
THE CLERK OF THE BOARD
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REPORT OF THE COMMITTEE CHAIR
The Committee Chair did not give a report.
REPORT OF THE GENERAL MANAGER
Jim Ruth, General Manager and Bob Ghirelli, Assistant General Manager, briefly
discussed the current reorganization of the District.
Minutes of the Administration Committee
September 8, 2010
Page 2 of 3
REPORT OF DIRECTOR OF FINANCE AND ADMINISTRATIVE SERVICES
Lorenzo Tyner, Director of Finance and Administration, discussed the 201 0 2nd Quarter
Investment Management Program and introduced employees from PIMCO who
presented the Investment Policy/Portfolio to the Committee.
The Committee requested staff prepare a 5-year look back at the value of the
District's investment portfolio and to bring it back at a future date for discussion.
CONSENT CALENDAR ITEMS
1. MOVED, SECONDED, AND DULY CARRIED: Approve minutes of the July 14,
2010, meeting of the Administration Committee.
ACTION ITEMS
2. MOVED, SECONDED, AND DULY CARRIED: Recommend to the Board of
Directors to Authorize the General Manager to issue Revenue Refunding
Certificate Anticipation Notes, Series 201 OB, as one-year fixed-rate
obligations, in an amount not to exceed $167.0 million to replace the $165.9
million Refunding Certificate Anticipation Notes, Series 2009B maturing on
December 1, 2010.
3. MOVED, SECONDED, AND DULY CARRIED: Recommend to the Board
of Directors to Authorize the General Manager to issue up to $157 million
in new fixed-rate Certificates of Participation (COP) debt, in one or more
series.
4. MOVED, SECONDED, AND DULY CARRIED: Recommend to the Board of
Directors to Adopt Resolution No. OCSD 10 -15, Declaration of Official Intent to
reimburse certain of the District's Capital Reserve Funds for expenditures made in
advance for Fiscal Year 201 0-11 Capital Improvement Projects from proceeds of a
future long-term financing.
INFORMATIONAL ITEMS
None
Minutes of the Administration Committee
September 8, 2010
Page 3 of 3
CLOSED SESSION
CONVENE IN CLOSED SESSION PURSUANT TO GOVERNMENT CODE SECTION
54954.5(f)
The Administration Committee convened in closed session at 6:00p.m. to discuss two
matters. Confidential Minutes of the Closed Session held by the Administration
Committee have been prepared in accordance with Government Code Section
54954.5(f), and are maintained by the Clerk of the Board in the Official Book of
Confidential Minutes of Board and Committee Closed Meetings.
The Administration Committee reconvened at 6:39 p.m. in regular session.
OTHER BUSINESS, COMMUNICATIONS OR SUPPLEMENTAL AGENDA ITEMS, IF
ANY
There were none.
ADJOURNMENT AND FUTURE MEETING DATES
The Chair declared the meeting adjourned at 6:40 p.m . The next regular Administration
Committee meeting is scheduled for October 13, 2010, at 5:30 p.m.
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