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
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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: