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HomeMy WebLinkAboutMinutes 1958-10-15MINUTES OF T~REGULAR ADJOURNED MEETING BOARD OF DIRECTORS,COUNTY SANITATION DISTRICT NO.11 ORANGE COUNTY,CALIFORNIA October 15,1958 at 8:00 o’clock p.m. Room 239,1104 West Eight1~Street Santa Ana,Ca1iforn~a C Pursuant to adjournment of the regular meeting on October 8, 1958,the Board of Directors of County Sanitation District No.11 of Orange County,California,met in regular adjourned meeting at the hour of 8:00 o’clock p.m.on October 15,1958,in Room 239 at 1104 West Eighth Street,Santa Ana,California. The Cbairman called the meeting to order at 3:00 o’clock p.m. The roll was called and the Secretary reported a quroum of the board present. Directors present:Earl T.Irby (Chairman), Victor Terry and Willis H.Warner Directors absent:None Others present:Lee N.Nelson,General Manager C.Arthur Njsson,Jr.General Counsel Sidney L.Lowry and Ora Mae Merritt,Secretary Report of the Mr.Nelson reported upon items of General Manager business appearing on the Agenda and specifications received from the engineers,together with estimated costs.Mr. Nelson called upon Mr..Lowry for report on studies the engineers had made on schedules of bond and interest retirements. Mr.Sidney L.Lowry distributed to the Directors copies of the three studies the Engineers had made on retirments of bonds and interest,all based on 4%interest rate and 4O~year annual maturity payments,varying only in the annual amount of principal payments and resultant tax rates,and their recommendation that Study No.3 be considered for approval. whereupon,a motion was made by Director Willis H. Warner,seconded by Director Victor Terry and duly carried: That the report and recommendation on bond and interest maturity schedules received from Lowry-Overniyer and Associates dated October 15,1958,be received and ordered filed. Report of the Mr.Nisson reviewed drafts of General Counsel resolutions,based on the recom mendation of Schedule 3,and reported that from all sources of information he had received,it appeared the District would benefit by advertising its bonds for sale at the same time as Districts 2 and 3. -.1— P Consideration of reports and recorn mendations Adoption of resolution providing for issuance of bonds in the amount of $1,515,000 and made a part of these A genera],discussion was held on reports given by the General Manager,General Counsel and the Engineers The Board of Directors adopted Resolution No.551-11,providing for issuance of bonds in the amount of $1,515,000.Certified copy of this resolution is attached hereto minutes Authorizing sale of bonds The Board of Directors adopted in the amount of Resolution No.552-11,authorizing $1,515,000,and ordering the sale of $1,515,000 general publication of notice obligation bonds;and directing the thereof Secretary to publish notice inviting bids for the purchase of said bonds. Certified copy of this resolution is attached hereto and made a part of these minutes. Authorizing the General Manager to prepare and mail brochure relative to the bond issue That the General Manager is authorized to prepare and mail brochure relative to the,bond issue at a cost not to exceed the sum of $2,000.00. ~pgineers’plans and speci The General Manager,Mr.Lee M. fications and cost estimates Nelson,reported he had received received and ordered filed detailed plans,specifications, contract documents and estimated construction costs from the Engineers,Lowry-Overmyer and Associates,for construction of the Atlanta Intercepter Trunk Sewer-Unit VII and the Golden West Trunk Sewer-Unit Iv. Whereupon,a motion was made by Director Willis H. Warner,seconded by Director Victor Terry and duly carried: That the plans,specifications and estimated costs of construction reported received by the General Manager from the Engineers,Lowry-Overmyer and Associates,Inc.,be received and ordered filed in the office of the Secretary. Operating Fund Warrant Register the Board of Directors: That District No.11 Operating Fund Warrant Register be approved for signature of the Chairman and the County Auditor Is authorized to pay: Warrant Demand No Moved by Director 7octor Terry, seconded by Director Willis H~ That this meeting of the Board of Directors of County Sanitation District No.11 of Orange County,California Moved by Director Victor Terry, seconded by Director Willis H. Warner and duly carried: ~Ii Moved by Director Victor Terry, seconded by Director Willis H. Warner and duly carried by In Favor Of 11-34 Lowry-Overmyer and Associates,Inc. AdJournment Warner and duly carried: Amount $3,097.38 -2— be adjourned to Wednesday afternoon,November 5,1958, at the hour of 4:00 o’clock p.m.,in Room 239 at 1104 West Eighth Street,Santa Ana,California. Whereupon,the Chairman declared the meeting so adjourned at the hour of 9:50 ‘clock p.m. Chairman,Board of Directors County Sanitation District No,11 Orange County,California ATTEST: Secretary,Board of Directors County Sanitation District No.11 Orange County,California —3— I .