HomeMy WebLinkAboutMinutes 1995-04-11 SPECIALCOUNTY SANITATION DISTRICT NO.5
OF ORANGE COUNTY.CALIFORNIA
MINUTES OF SPECIAL MEETING
April II,1995-7:30A.M.
10844 Ellis Avenue
Fountain Valley,California
Pursuant to adjournment of the special meeting of March 29,1995,the Board of Directors of
County Sanitation District No.5 of Orange county,California,met in a Special Meeting at the
above hour and date.
The Chair called the meeting to order at 7:30 p.m.The roll was called and the Secretary
reported a quorum preent.
DIRECTORS PRESENT:Jan Debay,Chair,John C.Cox,Jr.,William G.
Steiner
DIRECTORS ABSENT:None
STAFF MEMBERS PRESENT:
OTHERS PRESENT:
Don McIntyre,General Manager,Penny Kyle,
Board Secretary,Gary Streed,Jean Tappan
Thomas L.Woodruff,General Counsel
Approving Comprehensive
Settlement Agreement with the
County of Oranae re County’s
Commingled Investment Pool
The Director of Finance gave a brief update on the
County’s Commingled Investment Pool.He
referred the Directors to an informational handout
which summarized the cash flows for all of the
Districts.
Mr.Streed noted that if the District did not receive its share of the investment pool funds
by the end of August,the District would be negative by $6 million.
It was then moved,seconded and duly carried:
That the Comprehensive Settlement Agreement between the County of Orange and the
Orange County Investment Pools and each of the Depositors in the Pools including
County Sanitation District No.5,be,and is hereby,approved;and,
FURTHER MOVED:That County Sanitation District No.5 does hereby elect to become
a Settling Pool Participant under Option A of the Comprehensive Settlement Agreement.
DISTRICT 5 Moved,seconded and duly carned:
Adjournment
That this meeting of the Board of Directors of
County Sanitation District No.5 be adjourned.The Chair then declared the meeting so
adjourned at 7:44 a.m.
Secretary of t~(~oafd f~irectors of
County Sanit4ticfi Distiiet’No.5 of
Orange Counf~’CaIifomia
M.04B
I certify that the minutes of the special meeting of County Sanitation District No.5
of Orange County,California,on April 11,1995,reporting the actions of said District,are
a true and correct report of said minutes.
Secretary,Bo ectors
of County Sa tio istrict No.5
of Orange County,California
)ard of Directoi County
Sanitation District No.5
of Orange County,California
F2C-041 1 .D5
STATE OF CALIFORNIA)
)SS.
COUNTYOF ORANGE )
Pursuant to California Government Code Section 54954.2,I hereby certify that
the Notice and Agenda for the Special Board Meeting of District No.5 held on April 11,
1995,was duly posted for public inspection in the main lobby of the Districts’offices on
April 4,1995.
IN WITNESS WHEREOF,I have hereunto set my hand this 11th day of April,
1995.
P~~yl,è~
County Sanitati District No.5
of Orange County,California
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