HomeMy WebLinkAboutResolution 1989 - 0085RESOLUTION NO.89-85-6
CREATING COUNTY SANITATION DISTRICT NO.6
CAPITAL FACILITIES FUND AND TERMINATING
THE ACCUMULATED CAPITAL OUTLAY FUND AND
THE FACILITIES REVOLVING FUND
A RESOLUTION OF THE BOARD OF DIRECTORS
OF COUNTY SANITATION DISTRICT NO.6 OF
ORANGE COUNTY,CALIFORNIA,CREATING A
CAPITAL FACILITIES FUND AND TERMINATING
THE ACCUMULATED CAPITAL OUTLAY FUND AND
THE FACILITIES REVOLVING FUND
WHEREAS,the Board of Directors of County Sanitation District No.6 has
heretofore established the Accumulated Capital Outlay Fund and the Facilities
Revolving Fund;and,
WHEREAS,the Board of Directors now wish to create a Capital Facilities
Fund which will contain the combined funds formerly deposited in the Accumulated
Capital Outlay Fund and the Facilities Revolving Fund.
NOW,THEREFORE,the Board of Directors of County Sanitation District
No.6 of Orange County,California,
DOES HEREBY RESOLVE,DETERMINE AND ORDER:
SectIon 1 That there is hereby established the Capital Facilities Fund of
County Sanitation District No.6 of Orange County,California.
Section 2 That all funds currently deposited in the Accumulated Capital
Outlay Fund and the Facilities Revolving Fund shall be transferred to the
Capital Facilities Fund.
Section 3 That all funds that would have been deposited in the
Accumulated Capital Outlay Fund or the Facilities Revolving Fund when collected
shall,hereafter,be deposited in the Capital Facilities Fund.
Section 4 That the Capital Facilities Fund shall be used only for the
acquisition,construction,reconstruction,maintenance and operation of sewerage
facilities;to repay principal and interest on debt instruments issued for the
construction or reconstruction of such water systems and sanitary or sewerage
facilities and to repay federal or state loans or advances made to such entity
for the construction or reconstruction of water systems and sanitary or sewerage
facilities;and other purposes described in Sections 5471 and 5474.9 of the
California Health and Safety Code,and Section 53731 of the Government Code.
Section 5 That upon transfer of funds from the Accumulated Capital Outlay
Fund and the Facilities Revolving Fund to the Capital Facilities Fund,the
Accumulated Capital Outlay Fund and the Facilities Revolving Fund shall
term i nate.
PASSED AND ADOPTED at a regular meeting held July 12,1989.
STATE OF CALIFORNIA)
)SS
COUNTY OF ORANGE )
I,RITA J.BROWN,Secretary of the Board of Directors of County
Sanitation District No.6 of Orange County,California,do hereby certify that
the foregoing Resolution No.89-85-6 was passed and adopted at a regular
meeting of said Board on the 12th day of July,1989,by the following vote,to
wit:
AYES:James A.Wahner,Chairman,Ruthelyn Plumer
NOES:None
ABSENT:Don R.Roth•
IN WITNESS WHEREOF,I have hereunto set my hand and affixed the official
seal of County Sanitation District No.6 of Orange County,California,this
12th day of July,1989.
Rita J.Brown,Secretary
Board of Directors of County
Sanitation District No.6
of Orange Coupty,Californta.