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HomeMy WebLinkAboutMinutes 1971-04-21‘I 0 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: 0 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 0 ATTEST: ~3ecretary,i3oarcl or Directors 01. County Sanitation District No.7 -4—