HomeMy WebLinkAboutResolution 1982 - 0021I
28,1982,
lesser sum
thereof prior
District No.7
RESOLUTION NO.82-21-7
APPROVING AMENDMENT NO.1 TO MASTER PLAN
REIMBURSEMENT AGREEMENT WITH TWO TOWN CENTER
ASSOCIATES RE CONTRACT NO.7-6—2B
A RESOLUTION OF THE BOARD OF DIRECTORS OF COUNTY
SANITATION DISTRICT NO.7 OF ORANGE COUNTY,
CALIFORNIA,APPROVING AMENDMENT NO.1 TO SEWERAGE
FACILITY REIMBURSEMENT AGREEMENT (MASTER PLAN)
WITH TWO TOWN CENTER ASSOCIATES FOR CONTRACT
NO.7-6-2B,RE ACCELERATED PAYMENT SCHEDULE
WHEREAS,District No.7 and Two Town Center Associates entered into an
agreement dated June 22,1981,to provide for construction of a Master Plan
sewer line and appurtenances described as Town Center Sub—Trunk Sewer from
Sunflower Avenue to Anton Boulevard,Contract No.7—6—2B;and,
WHEREAS,said agreement provided for the District to reimburse Two Town
Center Associates the sum of $140,136.40;and,
WHEREAS,said agreement provided for annual reimbursement payments to
commence not later than February 28,1982,in an amount not to exceed
33—1/3 percent of the reimbursable amount in any given year;and,
WHEREAS,the sum of $46,712.13 is due and owing on February
leaving a balance of $93,424.27;and,
WHEREAS,Two Town Center Associates has offered to accept a
than the total amount due in exchange for District making payment
to the scheduled due date.
NOW,THEREFORE,the Board of Directors of County Sanitation
of Orange County,California,
DOES HEREBY RESOLVE,DETERMINE AND ORDER:
Section 1 That Amendment No.1 dated February 10,1982,to that certain
Sewerage Facility Reimbursement Agreement (Master Plan)dated June 22,1981,by
and between County Sanitation District No.7 of Orange County and Two Town
Center Associates for reimbursement to Two Town Center Associates for the cost
of the Town Center Sub—Trunk Sewer from Sunflower Avenue to Anton Boulevard,
Contract No.7—6—2B,providing for a change in the reimbursement provision of
said agreement from a minimum three—year payment period to immediate payment,
be,and is hereby,approved;and,
Section 2 That,in consideration for accelerated payment,the
reimbursable amount provided for in said agreement shall be reduced by
$21,020.46,from $140,136.40 to $119,115.94;and,
Section 3 That the Chairman and Secretary of the District be,and are
hereby,authorized and directed to execute said amendment on behalf of the Board
of Directors,in form approved by the General Counsel.
PASSED PND ADOPTED at a regular meeting held February 10,1982.
STATE OF CALIFORNIA)
SS.
COUNTY OF ORANGE
I,J.WAYNE SYLVESTER,Secretary of the Board of Directors of County
Sanitation District No.7 of Orange County,California,do hereby certify that
the foregoing Resolution No.82—21—7 was passed and adopted at a regular
meeting of said Board on the 10th day of February,1982,by the following
vote,to wit:
AYES:Richard Edgar (Chairman),Evelyn Hart,Robert Luxembourger,Don
Smith,Bill Vardoulis,James Wahner and Harriett Wieder
NOES:None
ABSENT:None
IN WITNESS WHEREOF,I have hereunto set my hand and affixed the official
seal of County Sanitation District No.7 of Orange County,California,this
10th day of February,1982.
~ict No.7