HomeMy WebLinkAboutResolution 1965 - 0198RESOLUTION NO.65-198-5
APPROVING LOAN AGREEMENT WITH THE IRVINE Co
A RESOLUTION OF THE BOARD OF DIRECTORS OF
COUNTY SANITATION DISTRICT NO.5,OF ORANGE
COUNTY,CALIFORNIA,APPROVING LOAN AGREEMENT
WITH THE IRVINE COMPANY RELATIVE TO FINANCING
OF THE CONSTRUCTION OF CONTRACT NO.5-12
The Board of Directors of County Sanitation District No.5,
of Orange County,California,
DOES HEREBY RESOLVE,DETERMINE AND ORDER;
Section 1 That the certain Loan Agreement between the
District and THE IRVINE COMPANY,wherein The Irvine Company will
loan to the District the sum of $290,000.00 to be used in the
financing of the Coast Highway Trunk Sewer and Bay Bridge Pumping
Station,Contract No.5-12,be approved;and,
Section 2 That the Chairman and the Secretary of the
District be authorized and directed to execute said agreement on
behalf of the District;and,
Section 3 That Reso1ution~No.65-159-5,adopted by the
Board of Directors on September 27,1965,is hereby rescinded and
made of no further effect.
STATE OF CALIFORNIA
sS.
COUNTY OF ORANGE
I,FRED A.HARPER,Secretary of the Board of Directors
of County Sanitation District No.5 of Orange County,Cali
fornia,do hereby certify that the above and foregoing Resolution
No.65-198-5 was regularly passed and adopted at a regular
meeting of said Board on the 10th day of November ,196 5 ,by
the following vote,to wit:
AYES:Directors $toddard,.Gruber and Hirstein
NOES:None
ABSENT:None
IN WITNESS WHEREOF,I have hereunto set my hand and affixed
the official seal of County Sanitation District No.5 ,
of Orange
County,California,this 10th day of November,196 ~
Fred .Harper,Secretary,
Board of Directors of County Sanitation
District No.5 ,
of Orange County,
California