HomeMy WebLinkAboutMinutes 1986-07-30 ACOUNTY SANITATION DISTRICT NO.6
OF ORANGE COUNTY,CALIFORNIA
MINUTES OF SPECIAL MEETING
July 30,1986 —4:30 p.m.
10844 Ellis Avenue
Fountain Valley,California
Pursuant to the call of the Chairman,the Board of Directors of County
Sanitation District No.6 of Orange County,California met in a special meeting
at the above hour and date at the Districts’administrative office.
The Chairman called the meeting to order at 4:30 p.m.The roll was called
and the Secretary reported a quorum present.
DIRECTORS PRESENT:James Wahner,Chairman,Ruthelyn
Plummer
DIRECTORS ABSENT:Roger Stanton
STAFF MEMBERS PRESENT:J.Wayne Sylvester,General Manager,
Rita J.Brown,Secretary,William H.
Butler,Thomas M.Dawes,Gary Streed
OTHERS PRESENT:Thomas L.Woodruff,General Counsel,
Joint Chairman Don R.Griffin
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Staff report on capital financing The staff reviewed recent actions
program projections considered by Board to help fund
the District’s financial needs during
the next five years.In May and June,1986 the Board modified its long—range
financial program to enable the District to provide additional revenues to help
meet the District’s financial obligations and adopted Ordinance No.608
increasing the connection fee and Ordinance No.609 increasing the annual use fee
effective July 1,1986.
Concurrently,the Board had been considering issuance of long—term debt
securities to partially finance the District’s share of master planned joint
works facilities.However,at a special meeting on July 9,1986,after
thoroughly evaluating the financing alternatives,the District elected not
to proceed with long—term debt financing and directed the staff to prepare
updated financial projections,increasing the existing connection fee
schedule in lieu of long—term debt financing to finance District’s capital
requirements.
The Director of Finance reviewed cash flow schedules comparing projected revenues
and expenses over the next five years.Immediate implementation of a 50%
increase in connection fees would result in approximately $1.2 million in
additional revenues to the District from both the increased fee and higher
interest earnings over the next five years.
Following a discussion of the District’s long—term financing alternatives and the
anticipated development within the District that would generate connection fee
revenue,the Board declared its intent to amend the one—time connection fee
schedule,as follows:
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District 6
07/30/86
Single/Multi—Family Commercial/Industrial!
Dwelling Units Governmental/Other
Existing Fee $1,000 per dwelling $200 per 1,000 sq.ft.
unit of building
Proposed Fee $1,500 per dwelling $300 per 1,000 sq.ft.
unit of building
The additional funds would be used to finance master—planned District 6
projects and its share of joint works construction projects.
First reading of proposed It was moved,seconded and unanimously
Ordinance No.610 carried:
That Ordinance No.610,An Ordinance of the Board of Directors of County
Sanitation District No.6 of Orange County,California,Amending Ordinance
No.606 Pertaining to Sewer Connection Charges,be read by title only;and,
FURTHER MOVED:That reading of said entire ordinance be,and is hereby,waived.
Following the reading of Ordinance No.608 by title only,it was then moved,
seconded and duly carried:
That Ordinance No.610,An Ordinance of the Board of Directors of County
Sanitation District No.6 of Orange County,California,Amending Ordinance
No.606 Pertaining to Sewer Connection Charges,be introduced and passed to the
second reading on August 13,1986,at 7:30 p.m.,at the District’s
administrative office.
Adjournment Moved,seconded and duly carried:
That this meeting of the Board of Directors of County Sanitation District No.6
be adjourned.The Chairman then declared the meeting so adjourned at 4:56 p.m.,
July 30,1986.
Secretary,Board of Directors
County Sanitation District No.6 of
Orange County,California
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