HomeMy WebLinkAboutResolution 1986 - 0198RESOLUTION NO.86—198—14
APPROVING AMENDMENT NO.1 ‘10 AGREEMENT ACQJIRING
~NERSHIP INTERESTS,ASSIGNING RIGHTS AND
ESTABLISHING OBLIGATIONS WITH THE IRVINE RANCH
WATER DISTRICT
A RESOLUTION OF THE BOARD OF DIRE~’1DRS OF OJIJNTY
SANITATION DISTRICT NO.14 OF ORANGE OJUNTY,
CALIFORNIA,APPROVING AMENDMENT NO.1 ‘10
AGREE~1ENT AC~JIRING ~NERSHIP INTERESTS,
ASSIGNING RIGHTS AND ESTABLISHING OBLIGATIONS
WITH THE IRVINE RANCH WATER DISTRICT
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WHEREAS,the Board of Directors of County Sanitation District No.14 of Orange
County,California,and the Irvine Ranch Water District (IRWD)have heretofore
entered into an ~reemant Acquiring Ownership Interests,Assigning Rights and
Establishing Obligations dated February 13,1986;and,
WHEREAS,pursuant to said agreeinsnt IRWD is required to periodically deposit
funds with District No.14 to finance the annual capital and operating costs for
services provided to IRWD by District No.14;and,
WHEREAS,District No.14 and IRWD have each determined that it scould be in the
best interests of the respective Districts,residents and property owners of
District No.14 and IRWD to art~nd said Agreen~nt to allow for the advance deposit of
funds with District No.14 by IRWD for investirent purposes.
NOW,THEREFORE,the Board of Directors of County Sanitation District No.14 of
Orange County,California,
DOES HEREBY RESOLVE,DB~TERMINE AND ORDER:
Section 1 That certain Airendirent No.1,dated December 10,1986,to the
Agreenent Acquiring Ownership Interests,Assigning Rights and Establishing
Obligations dated February 13,1986,allowing for the advance deposit of funds by
IRWD with District No.14,is hereby approved and accepted;and,
Section 2 That the Chairman and Secretary of the District are hereby
authorized and directed to execute said ?~ndrrient No.1 in form approved by the
General Counsel.
PASSED AND ADOPTED at a regular rreeting held December 10,1986.
STATE OF CALIFORNIA)
)ss.
COUNTY OF ORANGE )
I,RITA J.BROWN,Secretary of the Board of Directors of County
Sanitation District No.14 of Orange County,California,do hereby certify
that the foregoing Resolution No.86—198—14 was passed and adopted at a
regular meeting of said Board on the 10th day of December,1986,by the
following vote,to wit:
AYES:Peer Swan,Chairman pro tern,Ursula Kennedy,Don E.Smith
NOES:None
ABSENT:Sally Anne Miller,Roger Stanton
IN WITNESS WHEREOF,I have hereunto set my hand and affixed the official
seal of County Sanitation District No.14 of Orange County,California,this
10th day of December,1986.
~z~L ~
Rita J.Brown,Secret~ary
Board of Directors ~f-~unty -
Sanitation District No 14
of Orange County,California
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