HomeMy WebLinkAboutResolution 1992 - 0045RESOLUTION NO.92-45
APPROVING MEMORANDUM AGREEMENT WITH ROURKE &
WOODRUFF 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 MEMORANDUM AGREEMENT WITH ROURKE &
WOODRUFF TO SERVE AS CO-BOND COUNSEL FOR THE
DISTRICTS’CAPITAL IMPROVEMENT PROGRAM 1990-92
SERIES C CERTIFICATES OF PARTICIPATION ISSUE
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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 Jul~i 19,1989,have
determined to issue long-tern 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 Rourke &Woodruff was selected
as co-Bond Counsel,along with Mudge Rose Guthrie Alexander &Ferdon,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 Rourke &Woodruff,
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 fim of Rourke &Woodruff 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 tems and conditions of that certain Memorandum
agreement from Rourke &Woodruff,dated April 7,1992,are hereby approved,
and payment for said special co-Bond Counsel services,for.a maximum fee not to
exceed $7,500.00,is hereby authorized;and,
Section 3 That the General Manager is hereby authorized and directed to
execute said Memorandum agreement on behalf of the Districts.
PASSED AND ADOPTED at a regular meeting held May 13,1991.
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 14of Orange
County,California,do hereby certify that the foregoing Resolution No.92—45
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.Saltareili,
Phil Sansone,Sal A.Sapien,Peer A.Swan,Charles E.
Sylvia,James A.Wahner,Henry W.Wedaa,Grace H.Wincheil
NOES:‘None
ABSENT:William D.Ehrle,Don R.Griffin,Arthur G.Newton,
Irv Pickier,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.
cz~~
Rita J.Brown,Board Secretary
Boards of Directors,County’-
Sanitation Districts Nos.1,2,3,5,
6,7,11,13 and 14 of Orange County,
California ‘