HomeMy WebLinkAboutResolution 1991 - 0031RESOLUTION NO.91—31
APPROVING LETTER AGREEMENT WITH MUDGE ROSE GUTHRIE
ALEXANDER &FERDON TO SERVE AS THE DISTRICTS’
CO—BOND COUNSEL FOR THE 1990—92 SERIES B C.O.P.ISSUE
A JOINT RESOLUTION OF THE BOARDS OF DIRECTORS OF
COUNTY.SANITATION DISTRICT NOS.1,2,3,5,6,7,11,
13 AND 14 OF ORANGE COUNTY,CALIFORNIA,APPROVING
LETTER AGREEMENT WITH MUDGE ROSE GUTHRIE ALEXANDER &
FERDON TO SERVE AS CO-BOND COUNSEL FOR THE DISTRICTS’
CAPITAL IMPROVEMENT PROGRAM 1990—92 SERIES B
CERTIFICATES OF PARTICIPATION ISSUE
*******************
WHEREAS,the County Sanitation Districts of Orange County,California,
pursuant to financial needs and requirements described In its Collection,
Treatment and Disposal Facilities Master Plan adopted July 19,1989,have
determined to issue long—term debt obligations/securities to obtain the
necessary funds to complete the development of its needed capital facilities;
and,
WHEREAS,the Districts,have heretofore considered several well qualified
legal firms to serve as their Bond Counsel,and Mudge Rose Guthrie Alexander &
Ferdon was selected as co—Bond Counsel,along with Rourke &Woodruff,for the
Districts’Capital Improvement Program 1990—92 Series A Certificates of
Participation issue;and,
WHEREAS,the Boards of Directors have heretofore directed the Fiscal
Policy Connittee and other finance team members,Including Mudge Rose Guthrie
Alexander &Ferdon,to proceed with planning and implementation of the Capital
Improvement Program 1990—92 Series B Certificates of Participation.
NOW,THEREFORE,the Boards of Directors of County Sanitation Districts
Nos.1,2,3,5,6,7,11,13 and 14 of Orange County,California,
DO HEREBY RESOLVE,DETERMINE AND ORDER:
Section 1 That the firm of Mudge Rose Guthrie Alexander &Ferdon is
hereby appointed and designated as co—Bond Counsel for the foi-thcomlng.Capital
Improvement Program 1990—92 SerIes B Certificates of Participation debt issue;
and,
Section 2 That the terms and conditions of that certain Letter agreement
from Mudge Rose Guthrie Alexander &Ferdon,dated February 15,1991,are hereby
approved,and payment for said special co—Bond.Counsel services,not to exceed
the maximum amounts set forth below,Is hereby authorized:
Maximum
Type of Issue/Service Fee
Var1able~Rate Only $80,000
Fixed Rate Only 85,000
Variable and Fixed 100,000
Rate Contribution
Other Legal Services 20,000
Expenses At Cost
and,
Section 3 That the General Manager Is hereby authorized and directed to
execute said letter agreement on behalf of the Districts.
PASSED AND ADOPTED at a regular meeting held March 13,1991.
STATE OF CALIFORNIA)
)SS.
COUNTY OF ORANGE )
I,RITA J.BROWN,Secretary of the Boards of Directors of County
Sanitation Districts Nos.1,2,3,5,6,7,11,13 and 14 of Orange County,
California.,do hereby certify that the foregoing Resolution No.91-31 was
passed and adopted at a regular meeting of said Boards on the 13th day of
March,1991,by the following vote,to wit:
AYES:Fred Barrera,Bob Bell,Walter K.Bowman,A.B.°Buck”Catlin,
John Collins,John C.Cox,Jr.,Norman E.Culver,Burnie
Dunlap,Richard B.Edgar,James V.Evans,Don R.Griffin,Dan
Griset,John M.Gullixson,Evelyn Hart,Jack Kelly,William
D.Mahoney,Robert H.Main,Keith A.Nelson,Glenn Parker,Irv
Pickler,Ruthelyn Plumer,Leslie A.Pontious,Charles
E.Puckett,Robert Richardson,Earle Robitaille,Don R.Roth,
Phil Sansone,Sal A.Sapien,Mark Schwing,Sally Anne Sheridan,
Roger R.Stanton,Beth Strader,Peer A.Swan,Charles
E.Sylvia,James A.Wahner,Edna Wilson,Grace H.Winchell
NOES:None
ABSENT:William D.Ehrle,Arthur G.Newton,Miguel Pulido
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.2,3,5,6,7,11,13 and 14 of Orange County,California,this 13th day
of March,1991.
Rita J.Brown.Secretary
Boards of Diréct~rs,County
Sanitation Districts Nos.1,~2,~3 5
6,7,11,13 and 14 of Orange.County,
California