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HomeMy WebLinkAboutMinutes 1971-08-11 B-~DISTRICT NO.3 MINTJTES OF THE SPECIAL MEETING August 11,1971 -6:30 p.m io84~4.Ellis Avenue Fountain Valley,California A special meeting of the Board of Directors of County Sanitation District No.3 was held at the above hour.ariddate. The Chairman called the meeting to order at 6:30 p.m. The roll was called and the Secretary reported a quorum present. Joseph Hyde (Chairman),John Berton,Jerry Christie, -Robert Clark,Norman Culver, Jesse Davis,John Harper, Wade Herrin,Dexter Hemeon, H.K.Holden,Derek McWhinney, Hal Sims,Mark Stephenson and. Robert Battin Directors absent:Jack Green and Robert Harvey STAFF PRESENT:Fred A.Harper,General Manager, Paul G.Brown,Assistant General Manager,J.Wayne Sylvester, Secretary,Ray Lewis and Bill Clarke OTHERS PRESENT:Conrad Hohener,Harvey Hunt, Walt Howard and C.Arthur Nisson ********* Report on pre1imin~y The Director of Finance reviewed, budgets for 1971-72 in detail,the preliminary budgets fiscal year for the 1971-72 fiscal year and the five-year cash flow projections. He reported that the revised construction schedule of master plan facilities prepared by the District’s consulting design engineer based on escalating construction costs and increasing flow estimates had been reflected in the cash flow projections which indicate that the District will be unable to continue the proposed construction program past the 1971-72 fiscal year with the funding generated by the current tax rate unless alternate financing is resorted to or individual projects deferred. He stated it was the staff’s recommendation that the District maintain its present tax rate of approximately 21.7~per $100 of assessed valuation for the 1971-72 fiscal year and that the staff be authorized to study alternative methods of funding the District’s future requirements ‘and report back to the Board at a later date. Directors present: 0 0 rr —-‘-‘-----. :. Approval of 1971-72 flscal year bud~ets and directing staff to study alternative methods of financing Bond and Interest Fund -1951 and 1958 Accumulated Capital Outlay Fund $16,112,160 FURThER MOVED:That said budgets are hereby received and ordered filed;and,that the Chairman of •the Board of Directors is hereby authorized and directed to sign said budgets;and, ‘FURTUER MOVED:That the staff be directed to study alternative methods of financing the District’s future requirements and report back to the Board at a later date. Adjournment Moved,seconded and duly carried: I That this meeting of the Board of Directors of County Sanitation District No.3 be adjourned.The Chairman then declared the meeting so adjourned at 7:25 p.m., August 11,1971, S&~~et&r7y,Bdard bf Directors of County Sanitation District No.3 -2-- Chairman,Board of Directors of County Sanitation District No.3 8/11/71 #3 Following a lengthy discussion, it was moved,seconded and unanimously carried by roll call vote: That the District’s 1971-72 fiscal year budgets be and they are hereby approved and adopted in the following total amounts: Operating Fund $1,650,999 1,477,~84 12,983,377 ATTEST: