HomeMy WebLinkAboutResolution 1981 - 0094RESOLUTION NO.81-94-5
APPROVING AGREEMENT WITH J.M.PETERS COMPANY,INC.
FOR ADVANCE PAYMENT OF CONNECTION FEES
A RESOLUTION OF THE BOARD OF DIRECTORS OF COUNTY
SANITATION DISTRICT NO.5 OF ORANGE COUNTY,CALIFORNIA,
APPROVING AN AGREEMENT WITH J.M.PETERS COMPANY,INC.
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
WHEREAS,the District and J.M.Peters Company,Inc.have entered
into negotiations pertaining to the financing of the 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 J.M.Peters Company,Inc.,as a bene
fited property owner within Zone 2 of the District will make payment of the
sum of $350,000.00 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 reimburse J.M.Peters Company,Inc.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,California,
DO HEREBY RESOLVE,DETERMINE AND ORDER:
Section 1 That certain agreement dated July 1,1981 by and
between District No.5 and J.M.Peters Company,Inc.,providing for the
payment of $350,000.00 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 J.M.
Peters Company,Inc.,is hereby approved and accepted;and,
Section 2 That the Chairman and Secretary of the District are
hereby authorized and directed to execute said agreement in form approved
by the General Counsel.
PASSED AND ADOPTED at an adjourned regular meeting held July 1,1981.
STATE OF CALIFORNIA )
)SS.
COUNTY OF ORANGE )
I,J.WAYNE SYLVESTER,Secretary of the Board of Directors of County
Sanitation District No.5 of Orange County,California,do hereby certify
that the above and foregoing Resolution No.81-94-5 was regularly passed
and adopted at an adjourned regular meeting of said Board on the 1st day of
July ,1981
,by the following vote,to wit:
AYES:Jacqueline Heather (Chairman),John Cox,Jr.and Thomas~
Riley
NOES:None
ABSENT:None
IN WITNESS WHEREOF,I have hereunto set my hand andy affixed the official
of County Sanitation District No..5 of Orange County,California,this.
day of July ,.
19 81
seal
1st
ter,Secretary,
:ors of County
;trict No.~
County,California