HomeMy WebLinkAboutResolution 1978 - 0189RESOLUTION NO.78-189-7
APPROVING AGREEMENT FOR DEFERRED PAYMENT OF ACREAGE
FEES RE ANNEXATION NO.83
A RESOLUTION OF THE BOARD OF DIRECTORS OF COUNTY
SANITATION DISTRICT NO.7 OF ORANGE COUNTY,CALIFORNIA,
APPROVING AGREEMENT WITH AKINS DEVELOPMENT COMPANY,
VENTURE I,FOR DEFERRED PAYMENT OF ACREAGE FEES RE
ANNEXATION NO.83 AND ESTABLISHING CONDITIONS THEREFOR
************
The Board of Directors of County Sanitation District No.7 of Orange County,
California,
DOES HEREBY RESOLVE,DETERMINE AND ORDER:
Section 1 That the certain agreement dated January 1,1979 by and
between County Sanitation District No.7 and Akins D~ve1opment Company,Venture
I,a general partnership,providing for deferred payment of acreage fees payable
in connection with proposed Annexation Nb.83 -Tract No.10507 to County Sanitation
District No.7,is hereby approved;and,
Section 2 That the following conditions for said deferred payment of fees in the
amount of $72,471.21 are hereby established:
-Payment of interest at the rate of 10.5%on the unpaid balance.
-Execution of a note payable to District No.7 secured by a Trust
Deed with Assignment of Rents.
-Payment of a flat fee in the amount of $500.00 to cover legal and
administrative costs.
Section 3 That the Chairman and Secretary of the District are hereby
authorized and directed execute said agreement on behalf of the District,in form
approved by the General Counsel.
PASSED AND ADOPTED at an adjourned regular meeting held November 15,1978.
~TATE OF CALIFORNIA )
)SS.
-‘~‘COUNTY OF ORt~NGE )
I,J.WAYNE SYLVESTER,Secretary of the Boardof Directors of County
Sanitation District No.7 Of Orange County,California,do hereby certify
that the above and foregoing Resolution No.78-189-7 was regularly passed
at an adjourned regular meeting of said Board on the lSthday of
1978
,by the following vote,to wit:
AYES:Don Smith (Chairman),Francis Glockner,Vernon Evans,Thomas
Riley,Donald Saltarelli,Bill Vardoulis and Ray Williams
:ster,Seèretary,
~f Di~ctors of County
Sa’hit~/ibn 1~’istrict No.7
O~nge County,.California
and adopted
November
seal
15th
NOES:None
ABSENT:None
IN WITNESS WHEREOF,I have hereunto set my hand and affixed the official
of County Sanitation District No.7 of Orange County,California,this
day of November
,
19 78
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