HomeMy WebLinkAboutResolution 1992 - 0044RESOLUTION NO.92-44
APPROVING LETTER AGREEMENT WITH MUDGE ROSE GUTHRIE
ALEXANDER &FERDON TO SERVE AS THE DISTRICTS’
—
CO-BOND COUNSEL FOR THE 1990-92 SERIES C 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 C
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 the 1990—92 Series B Certificates of Participation
issue;and,
WHEREAS,the Boards of Directors have heretofore directed the Fiscal
Policy Comittee 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 C 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 forthcoming Capital
Improvement Program 1990-92 Series C 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 April 7,1992,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
Variable Rate Only $80,000
Variable and Fixed 100,000
Rate Combination
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 May 13,1992.
STATE OF CALIFORNIA)
)SS.
COUNTY OF ORANGE )
I,RITA J.BROWN,Board 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.92-44
was passed and adopted at a regular meeting of said Boards on the 13th day of
May,1992,by the following vote,to wit:
AYES:Fred Barrera,Buck Catlin,John Collins,Norman E.Culver,
Barry Denes,Burnie Dunlap,James H.Flora,Dan Griset,
John M.Gullixson,Barry Hamond,Evelyn Hart,
Frank Laszlo,Don MacAllister,William D.Mahoney,
Robert H.Main,Pat McGuigan,Eva G.Miner,Carrey J.
Nelson,Glenn Parker,Richard Partin,Ruthelyn Plumer,
Leslie A.Pontious,Charles E.Puckett,Miguel Pulido,
Margie L.Rice,Robert Richardson,Thomas R.Saltarelli,
Phil Sansone,Sal A.Sapien,Peer A.Swan,Charles E.
Sylvia,James A.Wahner,Henry W.Wedaa,Grace H.Winchell
NOES:None
ABSENT:William D.Ehrle,Don R.Griffin,Arthur G.Newton,
Irv Pickler,Jim Silva
ABSTENTIONS:Roger R.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.2,3,5,6,7,11,13 and 14 of Orange County,California,this 13th day
of May,1992.
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Boards of Directors,County
Sanitation Districts Nos.1,2,3,5,
6,7,11,13 and 14 of Orange County,
California