HomeMy WebLinkAboutResolution 1980 - 0020RESOLUTION NO.80-20-S
APPROVING AGREEMENT WITH DAON CORPORATION FOR ADVANCE
PAYMENT OF CONNECTION FEES AND REIMBURSEMENT AGREEMENT
A RESOLUTION OF THE BOARD OF DIRECTORS OF COUNTY SANITATION
DISTRICT NO,5 OF ORANGE COUNTY,CALIFORNIA,APPROVING AN
AGREEMENT WITH DAON CORPORATION FOR ADVANCE PAYMENT OF
CONNECTION FEES AND OTHER MONIES TO DISTRICT TO AID IN THE
CONSTRUCTION OF FACILITIES TO SERVE THE BIG CANYON DRAINAGE
AREA AND PROVIDING FOR REIMBURSEMENT THEREOF
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WHEREAS,the District and the Daon Corporation have entered into negotiations
pertaining to the financing of th.e construction of new expanded trunk sewer facilities
to serve the Big Canyon Drainage Area,which is designated as Zone 2 within District
No.5 boundaries;and,,
WHEREAS,it is proposed that Daon Corporation,as a benefited property owner
within Zone 2 of the District will make payment of the sum of $400,000.00 to the
District,a portion of which,sum shall be deemed to be advance payment of required
connection fees,to aid District in financing the cost of construction of facilities
to serve the Big Canyon Drainage Area;and,
WHEREAS,the parties desire to make provision wherein the District will reim
burse Daon Corporation,for any monies paid to District to aid in construction
which exceed the total financial obligation owing the District for connection fees.
NOW,,THEREFORE,the Board of Directors of County Sanitation District No.5
of Orange County,,California~
DOES HEREBY RESOLVER DETERMINE AND ORDER;
Section 1 That certain agreement dated February 27,1980,by and between
District No.5 and the Daon Corporation,providing for the payment of $400,000.00
to District to aid in the construction of facilities to serve the Big Canyon
Drainage Area and other terms and conditions,including the reimbursement of
certain portions of the sums paid by Daon Corporation,is hereby approved in form
approved by the General Counsel of the Districts.
Section 2 The Chairman and the Secretary of the District are hereby
authorized and directed to execute said agreement.
PASSED AND ADOPTED at an adjourned regular meeting held January 15,1980
STATE OF CALIFORNIA )
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COUNTY OF ORANGE )
I,J.WAYNE SYLVESTER,Secretary of the Board of Directors of County
Sanitation District No.~of Orange County,California,do hereby certify
that the above and foregoing Resolution No.80-20-5 was regularly passed
and adopted at an adjourned regular meeting of said Board on the 15th day of
January ,
1980
,by the following vote,to wit:
AYES:Paul Ryckoff (Chairman)and Donald Strauss
NOES:Thomas Riley
ABSENT:None
IN WIThESS WHEREOF,I have hereunto set my hand and affixed the official
seal of County Sanitation District No.5 of Orange County,California,this
15th day of January ,1980
ter,Secretary,
:tors of County
strict No.5
:e County,California
S-103