HomeMy WebLinkAboutResolution 1954 - 0354RESOLUTION NO.354—2
RESOLUTION OF THE BOARD OF DIRECTORS OF COtThITY
SANITATION DISTRICT NO.2 OF ORANGE COUNTY,
CALIFORNIA,FIXING AND DETERMINING THE OUTSTANDING
INDEBTEDNESS OF THE DISTRICT AS OF FEBRUARY 24,195)4,
AND DETERMINING THE EFFECT ON THE SEWERAGE SYSTEM
OF THE DISTRICT OF A PROPOSED WITHDRAWAL OF TER
RITORY THEREFROM.
The Board of Directors of County Sanitation District No.
2 of Orange County,California,does resolve as follows:
WHEREAS,a petition to withdraw certain territor~from
County Sanitation District No.2 of Orange County has been flied
with the County Board of Supervisors;and
WHEREAS,It is necessary to determine the outstanding
indebtedness of said District as of this date;and
WHEREAS,the Directors of County Sanitation District No.
2 ~f Orange County are required to report as to how said with
drawal from said District will affect the operations of the
sewerage system of the District;
NOW,THEREFORE,the Board of Directors of County SanJtatioi~
District No.2 does hereby FIND,DETERMINE and RESOLVE as fo11ows~
Section 1.That County Sanitation District No.2 has,
as of February 24,1954,the following items of Indebtedness:
.1.District 2’s obligations under the Agreement of Sale and
Purchase dated February ?8,19~1 for the purchase of certain
sewage disposal facilities made pursuant to the proposition
for the issuance of the District’s bonds approved at an
election held February 28,1949:
Districts share of total
payments listed under Para
graph 8,Items 1,2 and 3,
less its share of bonds assumed
from cities of Anaheim and Orangc
in accordance with Resolution
No.1)42-2 adopted on
April 9,1952:$275,262.00
Excess inventory on
personal property 1,99)4.4)4
ConstructIon of
additional facIlities 59,629.27 $336,88~.7l
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2.Districts share of bonds assumed
from the cities of Anaheim and 0~ange:
City of Anaheim bonds:
Principa]$4,563.00
Interest 1,026.68
$5,589.68
City of Orange Bonds:
Principal 1,014.00
Interest 50.70
$1,0624.70 $6,654.38
3.District bonds outstandlne:$1,560,000.00
4.Bond interest coupons to be
redeemed August 1,1954 to
August 1,1988,inclusive h38,381.25
$2 5a1,921.34
Section 2.That the total outstanding indebtedness for
said County Sanitation District No.2 ac of February 24,1954 is
Two Million Five Hundred Forty-One Thousand Nine Hundred Twenty-
One Dollars and Thirty-four Cents (~2,524l,92l.324).
Section 3.That the proposed withdrawal will not affect
thE.sewerage system of County Sanitation District No.2 of Orange
County in that no sewerage facilities to serve the immediate area
~roposed to be withdrawn are in existence or are proposed in the
n3ar future;that such withdrawal will not adversely affect the
existing sewerage system of this district.
THE FOREGOING RESOLUTION was oass~d and adopted at a
regular meeting of the Board of DirL-ctors of County Sanitation
District No.2 on the 214th day of February,1954.
——
Secretary of the Board
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STATE OF CAL IFORN IA)
55
COUNTY OF ORANGE )
I,ORA MAE MERRITT,Secretary of the Board of Directors of
County Sanitation District No.2 of Orange County,California,
do hereby certify that the foregoing Resolution was passed and
adopted at a regular meeting of the Board of Directors of County
Sanitation District No.2 of Orange County,California,held
on the 24th day of February ,1954,by the following roll
call vote:
AYES:Directors Frank J.Schweitzer,Jr.,Hugh W.Warden,
Willis H.Warner,Charles E.Stevens,Charles Morgan.,
L.N.Wisser and Courtney R.Chandler
NOES:Directors None
ABSENT:Directors sean W.Hasson
IN WITNESS WHEREOF,I have hereunto set my hand and affixed
the seal of County Sanitation District No.2 of Orange County,
California,this 2L4.thday of February ,1954.
e~retary,Boa d of Directors
County Sanitation District No.2
Orange County,California