The URL can be used to link to this page

Home My WebLink AboutResolution 1985 - 0108RESOLUTION NO.85-108 APPROVING LICENSE AGREEMENTS WITH THE ORANGE COUNTY WATER DISTRICT A JOINT RESOLUTION OF THE BOARDS OF DIRECTORS OF COUNTY SANITATION DISTRICTS NOS.1,2,3,5,6, 7,11 AND 13 OF ORANGE COUNTY,CALIFORNIA, APPROVING TEMPORARY CONSTRUCTION LICENSE AND LICENSE AGREEMENT TO OCCUPY RIGHT-OF-WAY WITH THE ORANGE COUNTY WATER DISTRICT TO CONSTRUCT AND MAINTAIN ITS GREEN ACRES PIPELINE UNDER DISTRICTS’INTERPLANT SEWERS ADJACENT TO THE SANTA ?1NA RIVER BETWEEN PLANT NO.1 AND PLANT NO.2 ***************** The Boards of Directors of County Sanitation Districts Nos.1,2,3,5,6, 7,11 and 13 of Orange County,California, DO HEREBY RESOLVE,DETERMINE AND ORDER: Section 1 That the Temporary Construction License dated June 19,1985, and the License Agreement dated June 19,1985,by and between the Orange County Water District (Licensee)and the County Sanitation Districts of Orange County (Licensor),wherein Licensor grants to Licensee the right to occupy right—of—way to construct and maintain its Green Acres Pipeline under Districts’interplant sewers adjacent to the Santa Ana River between Plant No.1 and Plant No.2 in the vicinities of Garfield Avenue and Adams Street,is hereby approved;and, Section 2 That said Licenses shall be granted at no cost to the Licensee;and, Section 3 That the Chairman and Secretary of District No.1 are hereby authorized and directed to execute said Temporary Construction License and permanent License Agreement on behalf of itself and as agent for County Sanitation Districts Nos.2,3,5,6,7,11 and 13,in form approved by the General Counsel. - PASSED MD ADOPTED at a regular meeting held July 10,1985. STATE OF CALIFORNIA) SS. COUNTY OF ORANGE I,RITA J.BROWN,Secretary of the Boards of Directors of County Sanitation Districts Nos.1,2,3,5,6,7,11 and 13 of Orange County, California,do hereby certify that the foregoing Resolution No.85—108 was passed and adopted at a regular meeting of said Boards on the 10th day of July,1985,by the following vote,to wit: AYES:Ruth Bailey,Michael Beverage,Richard Buck,Sam Cooper,Norman Culver,Richard B.Edgar,Don R.Griffin,Dan Griset,Robert Hanson,Evelyn Hart,Ron Hoesterey,Carol Kawanami,William Mahoney,Philip Maurer,Molly McClanahan,James Neal,Carrey Nelson,Richard Olson,Richard Partin,Bob Perry,Ruthelyn Plummer,Richard Polis,Joyce Risner,Don Roth,David Sills,Jean Siriani,Don Smith,Charles Sylvia,John Thomas,James Wahner, Gene Wisner NOES:None ABSENT:Roger Stanton IN WITNESS WHEREOF,I have hereunto set my hand and affixed the official seal of County Sanitation District No.1 on behalf of itself and Districts Nos.2,3,5,6,7,11 and 13 of Orange County,California,this 10th day of July,1985. c~~ Rita J.Brown,Secretary Boards of Directors,County Sanitation Districts Nos.1,2,3, 5,6,7 11 and 13 of Orange County, California RESOLUTION NO.85-108A ADOPTING COUNTY TREASURER’S ANNUAL STATEMENT OF INVESTMENT POLICY,AND AUTHORI ZING COUNTY AUDITOR-CONTROLLER TO REVIEW THE COUNTY TREASURER’S MONTHLY INVESTMENT REPORTS A JOINT RESOLUTION OF THE BOARDS OF DIRECTORS OF COUNTY SANITATION DISTRICTS NOS.1,2,3,5,6,7,11 AND 13 OF ORANGE COUNTY,CALIFORNIA,ADOPTING COUNTY TREASURER’S INVESTMENT POLICY,AND AUTHORI Z ING COUNTY AUDITOR- CONTROLLER TO REVIEW THE COUNTY TREASURER’S MONTHLY INVESTMENT REPORTS *.***************** WHEREAS,the State Legislature,by statute,adopted and chaptered as Chapter 1226 of the 1984 Statutes,amended California Government Code Sections 53630 and 53646(a),relating to investment policies of local agencies;and, WHEREAS,under the provisions of Section 53646(a),the Treasurer or Chief Fiscal Officer of each public agency shall annuaIl~j render to the legislative dy of the local agency,,a statement of investment policy;and, WHEREAS,pursuant to the provisions of Section 53646(b),the Treasurer or Chief Fiscal Officer shall render a nonthl~j report to the Chief Executive Officer and legislative body of the local agency,showing the type of investment,the institution,the date of maturity,the amount of deposit,the current market value for all securities with a maturi:ty of more than 12 months, the rate of interest,and such data as may be required by the loc’aI’agency;and, WHEREAS,the Sanitation Districts are organized pursuant to the Sanitation District Act,and Section 4732 thereof establishes the County Audttor as the ex officio auditor of the Districts;and, WHEREAS,the Chief Fiscal ,Officer of the Districts is the Director of Finance;and, WHEREAS,all revenues received by the Districts and expenditures made by the ‘Distticts from its several funds,including general operating fund,capital outlay revolving fund,and miscellaneous bond funds,are maintained and controlled by the Auditor of the County of Orange as ex officio auditor of the County Sanitation Districts;and, WHEREAS,the investment of all surplus funds owned by the Districts are made by the County Treasurer,on behalf of the Districts, NOW THEREFORE,the Boards of Directors of County Sanitation Districts Nos. 1,2,3,5,6,7,11 and 13 of Orange County,California, DO HEREBY RESOLVE,DETERMINE AND ORDER: Section 1 That they adopt the annualstatementof Treasurer Investment Policies required by state law,of the County Treasurer of the County of Orange attached hereto as Exhibit “A”,as the Districts’statement of investment policy. Section 2 That the County Treasurer is requested to render a monthly report to the Districts’Director of Finance and General Manager,and to the County Auditor—Controller for review,which report shall’be deemed to be the report of the Districts. Section 3 That all funds of the Districts maintained and controlled by the County Auditor and invested by the County Treasurer shair be invested in accordance with the adopted annual statement of Treasurer Investment Policies of the County Treasurer. PASSED AND ADOPTED at a regular meeting held Jul~r 10,1985. COUNTY OF ORANGE I TREASURER INVESTMENT POLICIES Effective:January 1,1985 Pursuant to amended Sections 53600 and 53630 of the Government Code (Chapter 1226)the following are the investment policies of the County of Orange Treasurer’s Office as prescribed. 1.COMPLIANCE WITH CALIFORNIA GOVERNMENT CODE (CGC All County investments must comply with the laws as set forth in the 53600 series of the State of California Government Code,as amended or hereafter amended. 2.SAFETY AND LIQUIDITY The foremost primary concern,when investing,must be safety an~liquidity of all public funds under the control of the County Treasurer. 3.DAILY DEMANDS ON TREASURY The Treasurer shall always maintain sufficient funds in the Treasury to meet daily demands. ~.INVESTMENT GUIDELINES The Treasurer shall develop and maintain investment guidelines defining authorized investments as well as credit,marketability,maturity and diversification criteria for County investments.With the exception of capital funds,no investment shall be made for more than two years maturity.The average maturity for the entire portfolio shall not exceed 360 days maturity.One specific diversified criteria for Treasury investments shall be matched Reverse Repurchase Agreements.It is the established investment criteria of the Treasury that all Government Treasury and Government Agency Securities be continually leveraged through the Reverse Repurchase procedure.The limitations that may be placed upon this type of investing shall be limited to always maintaining sufficient liquidity in the Treasury to meet daily cash flow demands.(See 2 and 3.) 5.The Treasury shall issue to those legally responsible to receive same,monthly reports showing the type of investments made with the name of the institution,the dates of maturity and the amount of the investment with the rate of interest and current market value for all securities with a maturity of more than 12 months.The report will also specify all investments made in Reverse Repurchase Agreements. Said report regarding investments in Reverse Repurchase Agreements shall be in compliance with the investment guidelines as stated in 4. Dated this 7th day of February at Santa Ana,California. • ____ B L.I ON,ORANGE COUNTY TREASURER—TAX COLLECTOR Rob.,,L.“Bob”Citron Oi.sig.County T.i Colkctor—Tr.osu,.,rvu IDI T hAil Santo Ana’California LI%h1 I I?I I r~ TO RESOLUTION NO.85—lo8A STATE OF CALIFORNIA) SS. COUNTY OF ORMGE I,RITA 3.BROWN,Secretary of the Boards of Directors of County Sanitation Districts Nos.1,2,3,5,6,7,11 and 13 of Orange County, California,do hereby certify that the foregoing Resolution No.85—108A was passed and adopted at a regular meeting of said Boards on the 10th day of July,1985,by the following vote,to wit: AYES:Ruth Bailey,Michael Beverage,Richard Buck,Sam Cooper,Norman Culver,Richard B.Edgar,Don R.Griffin,Dan Griset,Robert Hanson,Evelyn Hart,Ron Hoesterey,Carol I(awanami,William Mahoney,Philip Maurer,Molly McClanahan,James Neal,Carrey Nelson,Richard Olson,Richard Partin,Bob Perry,Ruthelyn Pluminer,Richard Polis,Joyce Risner,Don Roth,David Sills,Jean Siriani,Don Smith,Charles Sylvia,John Thomas,James Wahner, Gene Wisner NOES:None ABSENT:Roger Stanton IN WITNESS WHEREOF,I have hereunto set my hand and affixed the official seal of County Sanitation District No.1 on behalf of itself and Districts Nos.2,3,5,6,7,11 and 13 of Orange County,California,this 10th day of July,1985. Rita J.BrowK,~ecretary Boards of Directors,County Sanitation Districts Nos.1,2.,3, 5,6,7 11 and 13 of Orange County, California -