HomeMy WebLinkAboutMinutes 1971-04-21‘I
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Receive and file bid This being the time and place fixed
tabulation re:~l million for,considering bids received pursuant
bond sale to notice of sale calling,for
proposals on the $1,000,000 Orange
County Sanitation District No.7 1970 Bonds,Series B,which
were publicly opened,examined and read at 10:00 a.m.,Wednesday
July 21,1971,in the office of the Orange County Treasurer,
it was moved,seconded and daly carried:
That the recommendation of the Director of Finance that the
award of sale be made.to United California Bank and Associates
as the bid yielding the lowest net interest cost,and the
following bid tabulation be received and ordered filed:
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DISTRICT NO.7
MINUTES OF TEE ADJOURI\IED REGULAR MEETING
July 21,1971 -5:30 p.m
7/21/71
108114 Ellis Avenue
Fountain Valley,California
Pursuant to adjournment of the regular meeting held July
]A,1971,the Board of Directors of County Sanitation District
No.7,of Orange County,California,met in an adjourned regular
meeting at the above hour and date,in the Districtst offices.
The Chairman called the meeting to order at 5:30 p.m.The
roll was called and the Secretary reported.a quorum present.
Directors present:Clifton C.Miller (Chairman),
Lorin Griset,Ellis N.Porter,
Howard Rogers,Don Smith and
Robert Battin
Directors absent:None
STAFF PRESENT Fred A.Harper,.General Manager,
and J.Wayne Sylvester,Secretary
Bank
United California Bank
and Associates
Interest
,
Premium
6.oo%
5.70%
4.90%
5.00%
5.20%
5.30%
5.40%
5.50%
5.6o%
5.70%
5.80%
on $175,000.00
on.75,000.00
on 75,000.00
on 75,000.00
on 75,000.00
on 75,000.00
on 75,000.00
on 75,000.00
on 75,000.00
on 75,000.00
on 150,000.00
$3)4,500.00
21,375.00
22,050.00
26,250.00
31,200.00
35,775.00
40,500.00
11-5,375.00
5o,1100.00
55,575.00
126,150.00
$489,150.00
Net
$488,995 ~0Q$155.00
rr-.?--r-r’r---r-,
•6.50%
5~25%
5.10%
5.25%
5.40%
•
5.50%
5.70%
5,80%
5.90%
6.oo%
on $250,000.00
on 75,000.00
on 75,000.00
on 75,000.00
on 75,000.00
on 75,000.00
on 75,000.00
on 75,000.00
On 75,000.00
on 150,000.00
Crocker National Bank
$61,750.00
23,625.00
26,775.00
31,500.00
36,450.oo
41,250.00
47,025.00
52,200.00
51,525 .00
130,500.00
$508,600,00
$37,375.00
41,250.00
27,300,00
70,125.00
90,562.50
243,000,00
$509,612.50
—2—
0
Bank Interest Preimum Net
Bank of America •
6.20%on $175,000.00
4.70%on 150,000.00
4.90%on 75,000,00
5.10%on 75,000.00
5.25%on 75,000.00
5.40%.on 75,000.00
5.60%on 75,000.00
5.70%on 75,000.00
5.80%on 75,000,00
5.90%on 75,000.00
6.00$on 75,000.00
~
$
.
.
$
35,650.00
38,775.00
25,725.00
30,600.00
.35,437.50
40,500.00
46,200.00
51,300,00
56,550.00
.61,950.00
67)500,00
490,187:50
Security Pacific .
.
National Bank
6.oo%on $250,000.00
.
5.30%on 75,000.00
5.20%on 75,000.00
5.40%on 75,000.00
5.50%~on 75,000.00
5~6O%on 75,000,00
5.70%on 75,000.00
5.80%on 75,000.00
5.90%on 75,000.00
6.oo%on 150,000.00
.
$
..
~
.
$.
57,000.00
23,850.00
.21,300.00
32,400.00
.37,125.00
42,000.00
47,025.00
52,200.00
57,525.00
130,500,00
506,925.00
4
0
#7
7/21/71
$360.00 $489,827.50
-0—$506,925.00.
-0-$508,600.00
$161.50 $509,451.00
Merrill Lynch,Pierce,
Fenner &Smith,Inc..&Associates
6.50%
5.00%
5.20%
5.50%
5.75%
6.oo%
on $175,000.00
on 150,000.00
on 75,000.00
on 150,000,00
on 150,000,00
on 300,000,00
#7
7/2/171
Bank of California,N.A.
and Associates
on $250,000.00
•on 75,000.00
on 75,000.00
on 75,000,00
on 75,000.00
on 75,000.00
on 75,000.00
on 75,000.00
on 225,000.00
Awarding printing of bonds
and coupons to Jeffries
Banknote Company
$61,750.00.
22,500,00
27,300.00
32,400.00
~7,.l25.00
~I2,O0O.OO
47,437.50
53,100.00
189,000.00
$512,612,50
Wells FargO Bank
Bank Interest Premium
.
Net
$6.oo%
5.50%
5.60%
5.70%
.5.80%
5.90%
6.oo%
6.io%
on $250,000.00
on 300,000.00
on .75,000.00
on 75,000.00
on 75,000.00
.on 75,000.00
on 75,000.00
on 75,000.00
57,000.00
123,750.00
42,000.00
47,025.00
52,200.00
57,525.00
63,000.00
68 .62~.00
0
0
$511,125.00
I
•
6,50%
5.00%
5.20%
5.4o%
550%
5.60~
5,75%
5~90%
6.00%
$k~.oo
-0-
$511,080.00
$512,612.50
Awarding sale of $1,000,000 Moved,seconded and duly carried:
District No~7 1970 Sewer
Bonds,Series B,to United That the Board of Directors adopt
California Bank and Assoc Resolution No.71—101-7,awarding
sale of Orange County Sanitation
District No.7 1970 Sewer Bonds,Series B,in the amount of
$1,000,000,to United California Bank and Associates.Certified
copy of this resolution is attached hereto and made a part
of these minutes.
_________________________
Moved,seconded and duly carried:
_________________________
That the proposal dated July 14,
1971,submitted by Jeffries Banknote
Company for printing bonds of the District is hereby accepted;
and,
That the General Manager be authorized to direct Jeffries
Banknote Company to print bonds of the District and interest
coupons therefor,in accordance with Resolution No.71-85—7,
heretofore adopted providing for issuance of $1,000,000 General
Obligation Bonds,and that payment for printing said bonds is
hereby authorized at the following rates:r~
Printing of issue $377.00
Plus $20.00 for each additional interest
rate over one
—3—
______________________
That the Board of Directors adopt
_____________________
Resolution No.71-102-7,authorizing
acceptance of Grant of Easement
from James R.and Mary T.Smock,relative to Assessment District..~
No.8,as recommended by General Counsel9 at a cost of $500
to the District.Certified copy of this resolution is attached
hereto and made a part of these minutes.
Moved,seconded and duly carried:
That this meeting of the Board of Directors of County Sanitation
District No.7 be adjourned.The Chairman then declared the
meeting so adjourned at 5:40 p~m.,July 21,l9~L.
Chairman,Board of Directors of
County Sanitation District No.7
Authorizing acceptance
of Grant of Easement
from James R.and Mary
T.Smock
#7
7/21/71
Moved,seconded and duly carried:
Authorizing acceptance
of Grant of Easement
from Roland Dean Olson
and Va Loye R.Olson
Moved,seconded and duly carried:
_______________________
That the Board of Directors adopt
_______________________
Resolution No.71-103-7,authorizing
acceptance of Grant of Easement
from Roland Dean Olson and Va Loye R.Olson,relative to
Assessment District No.8,as recommended by the General Counsel,
to a cost of $500.00 to the District,Certified copy of this
resolution is attached hereto and made a part of these minutes.
Authorizing acceptance
of Grant of Easement
from Georg~K.Bulk and
Eleanor M.Bulk
Moved,seconded and duly carried:
_______________________
That the Board of Directors adopt
_______________________
Resolution No.71-104-7,authorizing
acceptance of Grant of Easement
bfrom George K.Bulk and Eleanor M.Bulk,relative to
Assessment District No..8,as recommended by the General Counsel,
to no cost to the District..Certified copy of this resolution
is attached hereto and made a part of these minutes.
Authorizing acceptance
of Grant of Easement
from Allan Harris and
Gretchen Harris
Moved,seóonded and duly carried:
_______________________
That the Board of Directors adopt
______________________
Resolution No.71-105-7,authorizing
acceptance of Grant of Easement
from Allan Harris and Gretchen Harris,relative to Assessment
District No.8,as recommended by the General Counsel,at no
cost to the District.Certified copy of this resolution is
attached hereto and made a part of these minutes.
Adj ournnient
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ATTEST:
~3ecretary,i3oarcl or Directors 01.
County Sanitation District No.7
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