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Home My WebLink AboutMinutes 1962-03-28MINUTES OF THE ADJ0URN~)REGULAR MEETING~ BOARD OF DIRECIVRS,.C0UNTY~SANITATION DISTRICT.~NO...1 OF ORANGE COUNTY,CALIFORNIA March 28,1962 at 11:00 a.m. Room 239,110k West Eighth Street Santa Aria,California Pursuant to adjournment of the adjourned regular meeting op March 16,1962,the Board of Directors of County Sanitation District No.1 of Orange County,California met in an adjourned.xegular meet ing at 11:00 a.m.,March 28,1962 In Room 239 at 110k West Eighth Street,Santa Ana,California. The Chairman called the meeting to order at 11:00 a.m.The roll was called and a quorum was reported present. Directors present:A.Allen Hall (Chairman),Jerome Kidd, A.H.Meyers and C.M.Featherly Directors absent:None I,--, Award of contract for con struction of Job No.P1-b to Steiny and Mitchel Contractor Lee M.Nelson,Paul G.Brown,C.Arthur Nisson,Jr.,William Kroeger,Sidney t~wry,Ed Wells,Herman Zelles,E.H. Finster,T.A.Dunn,Robert Wright and Fred A..Harper,Secretary - That the Board of Directors adopt ___________________________ Resolution No.62-35—1,to receive and file bid tabulation and recom mendation of the Engineers and the General Manager and awarding contract for construction of Job No.p1-6 (Electrical Remodeling at Plant No.1)to Steiny and Mitchel,Contractor;arid autho rizing execution of contract for said work.Certified copy of this resolution is attached hereto and made a part of these minutes. Others present: Moved,seconded and duly carried: Awarding purchase of Moved,seconded and duly carried: passenger car to Smith Motor Company,Garden That the Board of Directors adopt Grove Resolution No.62-39-1,to receive /and file bid tabulation and recom— ~“mendation of the Purchasing Officer,and awarding purchase of passenger automobile to Smith Motor Company,Garden Grove, in the total amount of $2,2k0.O0.Certified copy of this resolution is attached hereto and made a part of these minutes. Memorandum from the General ~ounael relative to the ppsitiori of District 1.,as agent for the other Districts received and ordered filed Moved,seconded and duly carried: _____________________________ That memorandum dated March 22, ______________________________ 1962,from C.Arthur Nisson, Jr.,General Counsel,regarding the position of District No.1,as agent for the other Districts, be received arid ordered filed in the office of the Secretary. - - Authorizing the filing of application for Federal Grant under PUbIic-~aw bb0 on behalf or Districts 5 and b ii Moved,seconded and duly carried: 0 ______________________________ That the Board of Directors ______________________________ adopt Resolution No.62—37—1, authorizing and directing the filing of application for Federal Grant under Public law 660 on behalf of County Sanitation Districts Nos.5 and 6.Certi fied copy of this resolution is attached hereto and made a part of these minutes. Adjournment Moved,seconded and duly carried: That this meeting of the Board ofDirectors of County Sanitation District No.1 be adjourned. Whereupon,the Chairman declared the meeting so~adjourned at 11:30 a.m.,March 28,1962. ATTEST: Chairman,Board Of ~arectors 01 County Sanitation District No.1 of Orange County,California Secre&ary,~oara oi inreccors or County Sanitation District No.1 of Orange County,California 0 0 -2— r~ 1 MINUTES OF THE ADJOURNED REGULAR MEETING BOARD OF DIRECTORS,COUNTY SANITATION DISTRICT NO.7 OF ORANGE COUNTY,CALIFORNIA March 28,1962 at 11:00 a.m. •Room 239,11011.West Eighth Street • Santa Ana,California Pursuant to adjournment of the regular meeting on March 14,1962 the Board of Directors of County Sanitation District No.7 of Orange County,California met in an adjourned regular meeting at 11:00 a.m., March 28,1962 in Room 239 at 1104 West Eighth Street,Santa Ana, California. The Chairman called the meeting to order at 11:00 a.m.The roll was called and the Secretary reported a quorum present. •Directors present:Jerome Kidd (Chairman),Dee Cook, A.~.Allen Hall,A.H..Meyers,Rex A.Parks and C..M.Featherly Directors absent:None Others present:.Lee M.Nelson,Paul G.Brown,C. •Arthur Nisson,Jr.,William K~’oeger,Sidney Lowry,Ed Wells, Herman Zelles,E.H.Finster, T.A.Dunn,Robert Wright and P~ed A.Harper,Secretary Bids for purchase of This being the time and place fixed ~3,700,000 Election for the opening of bids for the 19b2 Bonds or the $3,700,000 Election 1962 Bonds of District County Sanitation District No.7 of Orange County,California,the following bids received pursuant to Notice of Sale were publicly opened,examined and read: United California Bank,Los Angeles 54,California bid par,accured interest to date of delivery arid a premium of $23.00 for bonds bearing interest payable annually the first year and semiannually thereafter at the rates of: Rates.Years 5 . . 1964 to 1967 1968 3-1/2 1969 to 1983 3.6 1984 to 1987 3.7 1988 to 3-31k %1990 to 1992 0 John Nuveen &Company and Associates bid par,accrued interest to date of delivery and a premium of $307.00.for bonds bearing,interest payable annually the first year and semiannually.,thereafter at the rates of: Rates Years 5 1964 to 1969 ‘91Q.to’.1971. 3-1/2 %1972 to 1984 3.6 ~1985 to 1992 Security First National Bank bid par,accrued interest to date of delivery and a premium of $11.00 for bonds bearing interest payable annually the first yearand semiannually’thereafter at the rates of: Rates Years 1964 to 1972 3—1/4 %1973 to 1978 3-iJ~1979 to 1987 0 3,6 %1988 to 1992 The Bank of California National AssociatiOn bid par,accrued interest to date of delivery and a premium.of $259.00 for bonds bearing interest payable ann~al1y the first year and semiannually thereafter at the rates of: Rates .Years •5 1964 to ‘1974 H 1975 3.5 ~1976 to 1979. 3.6 %1980 to 1981 3,7 %1982 to .1985. 3.75 ~1986 to 1988 3.5 %1989 to 1992 Bank of’America National Trust and Savings Association bid par,accrued interest to date of delivery and a premium of $139.00 for bonds bearing interest payable annually.:the first year and semiannually:thereafter at the rates of: -2- —‘i~i~aiiIi ~i Rates Years ~.75 %].964 to 1972 3.6 ~1973 3.25 %19711 to 1977 3.k %1978 to 1979 3.5 %i98o to 198_~•_ 3.6 %1981~to 1992 F.S.Smithers &Company •bid par,accrued interest to date of delivery for bonds bearing interest payable annually the fi.rst year and semiannually there after at the rates of: Rates Years 5 l96l~to1970 3-172 ,~197].to 1985 3.7 %1986 to 1992 Each bid was accompanied by a.good faith check 341 an amount not less than $10,000.00. All bids were then referred to Stone &Youngberg,Municipal Financing Consultants,and the Director of Finance for checking and computation,a report thereon to be given to the Board of Directors later in this meeting. Report of the General The General Manager submitted to Mana&er the Directors a Construction Schedule and an accompanying map showing facilities to be constructed under the bond program. Bid tabulation and recommendation Moved,seconded and duly concerning award or sale ot bon~carried: • received and.ordered riled in the otTice or the Secretary That bid tabulation and recommendation of Stone & Youngberg and the Director of Finance concerning sale of $3,700,000 bonds of the District,be received and ordered tiled in the office of the Secretary. Stone &Youngberg,Financing Consultants,and the Director of Finance,appointed to check and compute the bids on the bonds for which bids were opened previously during this meeting reported that the bid of Security First National Bank is the bid yielding the lowest net interest cost. Awarding sale of $3,700,000 Moved,seconded and duly carried: Election l9b2 bonds to the security First National Bank That the Board of Directors adopt Resolution Mo.62-38—7, awarding sale of Election 1962 bonds of the District in the amount of $3,700,000 to the Security.First National Bank. Certified copy of this resolution is attached hereto and made -3- a part of these minutes. Approving and adopting plans and specirications ror the Lemon Heights Trui4E~Sewer, Contract No.7~3;and autho That the Board of Directors rizing advertising ror bids adopt Resolution No.62-36-7, approving and adopting plans and specificatioris..for the Lemon Heights ‘I~’unkSewer,Contract No.7-3;and authorizing advertising for bids for said work. Certified copy of.this resolution is attached.hereto and made a part of these minutes, Adjournment Moved,seconded and duly carried: That this meeting of the Board of Directors of COunty Sanitation District No.7 be adjourned, Whex~eupon the Chairman declared the meeting so adj9urned at 11:55 a.m.,March 28,1962, Secretary,Board 01.Directors or County Sanitation District No.7 of Orange County,California ch~.irman,Bord~Or~Direct~ors or County Sanitation District No.7 of Orange County,California Moved,seconded and duly carried: ATTEST: 11 I ~ I 0 0 0