HomeMy WebLinkAboutResolution 1993 - 0146RESOLUTION NO.93-146
APPROVING MEMORANDUM AGREEMENT WITH ROURKE.
WOODRUFF &SPRADLIN TO SERVE AS THE DISTRICTS’
CO-COUNSEL FOR TAXABLE COMMERCIAL PAPER PROGRAM
A JOINT RESOLUTION OF THE BOARDS OF DIRECTORS OF
COUNTY SANITATION DISTRICTS NOS.1,2,3,5,6,7,
11,13 AND 14 OF ORANGE COUNTY,CALIFORNIA,APPROVING
MEMORANDUM AGREEMENT WITH ROURKE,WOODRUFF &.SPRADLIN
TO SERVE AS THE DISTRICTS’CO-COUNSEL FOR TAXABLE
COMMERCIAL PAPER PROGRAM (TCPP)
WHEREAS,the Boards of Directors have received and
considered a report from their staff and consulting finance team
indicating that the Districts could realize a substantial net
annual financial gain by implementing a Taxable Commercial Paper
Program for tax and user fee revenue “dry—period”funding;and,
WHEREAS,based on said report,it is deemed in the
Districts’best interests to implement such a program;and,
WHEREAS,the services of the Districts’General Counsel are
necessary to assist the Special Counsel in implementing said
program.
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 Rourke,Woodruff &Spradlin is
hereby appointed and designated as Co-Bond Counsel for the
Taxable Commercial Paper Program;and,
Section 2 That the terms and conditions of that certain
Memorandum Agreement from Rourke,Woodruff &Spradlin,dated
October 13,1993,are hereby approved;and,
Section 3 That payment for said Co-Bond Counsel services,
in an amount not to exceed $5,000.00,is hereby authorized;and,
Section 4 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 November 10,
1993.
RAG89-146
STATE OF CALIFORNIA)
)SS.
COUNTY OF ORANGE )
I,PENNY KYLE,Assistant 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.93-146 was passed and adopted
at a regular meeting of said Boards on the 10th day of November,
1993,by the following vote,to wit:
AYES:Fred Barrera,Bob Bell,George Brown,Buck Catlin,
John Collins,John C.Cox,Jr.,Jan Debay,
James Flora,Don R.Griffin,John M.Gullixson,
Barry Hammond,Evelyn Hart,Gail Kerry,Victor
Leipzig,Thomas E.Lutz,William D.Mahoney,
Eva Miner,Ted Moreno,Carrey J.Nelson,Glenn
Parker,Irv Pickier,Leslie Pontious,Charles E.
Puckett,Margie Rice,Earle Robitaille,Thomas R.
Saltarelli,Phil Sansone,Sal Sapien,Jim Silva,
Sheldon Singer,Roger Stanton,William G.Steiner,
Peer A.Swan,Charles E.Sylvia,James Wahner,
Henry Wedaa,George L.Ziaket
NOES:None
ABSENT:Maria Moreno
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 10th day of November,1993.
Penny Ky istant Secretary
Boards o D ctors,County
Sanitation stricts Nos.1,2,3,
5,6,7,11,13 and 14 of
Orange County,California