HomeMy WebLinkAboutResolution 1981 - 0079RESOLUTION NO.81-79-5
APPROVING AGREEMENT WITH THE IRVINE COMPANY FOR
ADVANCE PAYMENT OF CONNECTION FEES AND REIMBURSE
MENT THEREOF
A RESOLUTION OF THE BOARD OF DIRECTORS OF COUNTY
SANITATION DISTRICT NO.5 OF ORANGE COUNTY,CALIFORNIA,
APPROVING AN AGREEMENT WITH THE IRVINE COMPANY FOR
ADVANCE PAYMENT OF FEES AS AN AID IN CONSTRUCTION
OF FACILITIES TO SERVE THE BIG CANYON DRAINAGE AREA
AND PROVIDING FOR REIMBURSEMENT THEREOF
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WHEREAS,the District and The Irvine Company entered into an
agreement on May 12,1976,for advance payment of connection charges
in order to construct the Back Bay Trunk Sewer;and,
WHEREAS,since execution of said agreement with The Irvine
Company,conditions pertaining to financing,and constructing of
said facilities to serve the Big Canyon Drainage Area have
S
substantially changed;and,
WHEREAS,because of said changes,it appears in the best
interests of County Sanitation District No.5 and The Irvine Company
to terminate said agreement and enter into a new agreement for
advance payment of fees as an aid in construction of facilities to
serve the Big Canyon Drainage Area.
NOW,THEREFORE,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 agreement dated May 20,1981
by and between District No.5 and The Irvine Company,providing for
advance payment of connection fees of up to $600,000.00 to the District
to aid in the construction of facilities to serve the Big Canyon
Drainage Area (Back Bay Trunk Sewer,Contract No.5-24),and providing
for reimbursement to The Irvine Company,is hereby approved in form
approved by the General Counsel;and,
I
Section 2 That the agreement dated May 12,1976,between
District No.5 and The Irvine Company,be terminated and
made of no further effect;and,
Section 3 That the Chairman and Secretary are hereby
authorized and directed to execute said new agreement on behalf
of the District.
PASSED AND ADOPTED at an adjourned regular meeting held
May 20,1931.
STATE OF CALIFC•~i..)
)SS.
COUNTY OF ORANGE )
I,J.WAYNE SYLVESTER,Secretary of the Board of Directors of County
Sanitation District No.S of Orange County,California,do hereby certify
that the above and foregoing Resolution No.81-79-5 was regularly passed
and adopted at an adjourned regular meeting of said Board on the 20th day of
May 1981 ,by the following vote,to wit:
AYES:
NOES:
ABSENT:
Jacqueline Heather (Chairman),John Cox,Jr.and Thomas
Riley
None
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
20th day of May
,
19 81
~r,Secretary,
rs of County
•rict No.5
County,California