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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 J:\WPDOC\BS~FORMS\95\F27E-O4.2