HomeMy WebLinkAboutResolution 97-28RESOLUTION NO.97-28
DECLARATION OF OFFICIAL INTENT TO REIMBURSE CERTAIN OF THE
DISTRICTS’CAPITAL RESERVES FUNDS FOR EXPENDITURES MADE IN
ADVANCE FOR 1997-98 CAPITAL IMPROVEMENT PROJECTS FROM
PROCEEDS OF A FUTURE INDEBTEDNESS 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,DECLARING THEIR INTENT TO REIMBURSE
CERTAIN OF THE DISTRICTS’CAPITAL RESERVES FUNDS FOR
EXPENDITURES MADE IN ADVANCE FOR 1997-98 CAPITAL
IMPROVEMENT PROJECTS FROM PROCEEDS OF A FUTURE
INDEBTEDNESS ISSUE
WHEREAS,on July 13,1994,the Joint Boards of Directors of County Sanitation District
Nos.1,2,3,5,6,7,11,13 and 14 of Orange County,California (collectively the “Issuer”)
adopted Resolution No.94-81,declaring their official intent to reimburse their existing capital
reserve funds and accounts for certain expenditures made in advance of and in anticipation of
issuing indebtedness for capital improvements to be acquired,constructed,or paid for,by or on
behalf of the Districts during the period from July 1,1994 to June 30,1995,or such later date as
the Districts shall determine;and,
WHEREAS,the Issuer intends to acquire and/or construct,or otherwise improve,certain
capital improvements during Fiscal Year 1997-98,as described in Exhibit “A”(the “Project”),
attached hereto and incorporated herein by reference;and,
WHEREAS,the Issuer expects to pay certain expenditures (the “Reimbursement
Expenditures”)in connection with the Project prior to the issuance of indebtedness for the
purpose of financing costs associated with the Project on a long-term basis;and,
WHEREAS,the Issuer reasonably expects that the debt obligations in an amount not to
exceed $100 million will be issued and that certain of the proceeds of such debt obligations will
be used to reimburse the Issuer for Reimbursement Expenditures;
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NOW,THEREFORE,the Board 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 Issuer finds and determines that the foregoing recitals are true
and correct.
SECTION 2 That this declaration is made solely for purposes of establishing
compliance with the requirements of Section 1.150-2 of the U.S.Treasury Regulations.This
Resolution declaration does not bind the Issuer to make any expenditure,incur any
indebtedness,or proceed with the Project.
SECTION 3 That the Issuer hereby declares its official intent to use proceeds of
indebtedness to reimburse itself for the Reimbursement Expenditures.
SECTION 4 That this Resolution shall take effect immediately upon its adoption.
PASSED AND ADOPTED at a regular meeting held July 30,1997.
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EXHIBIT A
DESCRIPTION OF THE PROJECT
The following capital projects and improvements shall constitute the Project,to the extent such
capital projects and improvements are acquired,constructed or paid for by or on behalf of the
Districts during the period commencing July 1,1997,and ending on June 30,1998 (or such later
date as the Districts shall determine.)
Category A Plant No.I new and rebudgeted major projects to provide increased primary and
secondary treatment plant facilities and Master Plan projects for headworks,digesters,and
power systems.Also includes seismic retrofit,primary treatment,and secondary treatment
upgrades and expansion and other safety and miscellaneous improvements.
Category B Plant No.2 new and rebudgeted major projects to provide the necessary digestion
capacity to serve the increased primary and secondary treatment plant facilities.Includes Master
Plan projects for primary basins and power systems.Also includes seismic retrofit,primary
treatment,and secondary treatment upgrades and expansion and other safety and miscellaneous
improvements.
Category C Includes improved treatment and additional capacity projects for regional water
reclamation.
Category D Includes replacement and rehabilitation,improved treatment,and additional
capacity projects for interplant and joint facilities such as support facilities,outfall and booster
pump stations,sludge disposal,and other Master Plan projects.
Category E Includes special projects,studies,and research for improved treatment and
additional capacity at Plants No.I and No.2.
Category F Includes certain equipment for replacement and rehabilitation,improved
treatment,and additional capacity at Plants No.I and No.2.
Category G Includes miscellaneous capital improvement projects within County Sanitation
District No.1.
Cateaory H Includes certain manhole access modifications,subtrunk rehabilitation,pump
station rehabilitation,pump station rehabilitation,sewer line crossing upgrades,and projects
required by freeway widenings and other miscellaneous projects within County Sanitation District
No.2.
Category I Includes certain sewer line replacements,trunk rehabilitation,force main
replacements,pump and lift station rehabilitation,sewer line crossing upgrades,and projects
required by freeway widenings and other miscellaneous projects within County Sanitation District
No.3.
Cateaory J~Includes certain pump station improvements,trunk rehabilitation,and other
miscellaneous projects within County Sanitation District No.5.
Categorv K Includes pump station improvements and rehabilitation,sewer line and trunk
rehabilitation,and other miscellaneous projects within County Sanitation District No.6.
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Category L Includes manhole access modifications)trunk replacement,sewer system
improvements,pump station expansion and rehabilitation)projects required by freeway
widenings,and other miscellaneous projects within County Sanitation District No.7.
Cateaory M Includes pump station improvements and replacements,sewer line and trunk
rehabilitation,and other miscellaneous projects with County Sanitation District No.11.
Category N Includes certain subtrunk and interceptor capacity projects and other
miscellaneous projects within County Sanitation District No.13.
Category 0 Includes certain interceptor capacity and other miscellaneous projects within
County Sanitation District No.14.
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STATE OF CALIFORNIA )
)SS.
COUNTYOF ORANGE )
I,PENNY KYLE,Secretary of the Boards of Directors of County Sanitation
Districts Nos.1,2,3,5,6,7,II,13 and 14 of Orange County,California,do hereby
certify that the foregoing Resolution No.97-28 was passed and adopted at a regular
meeting of said Boards on the 30th day of July,1997,by the following vote,to wit:
AYES:Steve Anderson;George Brown;Tom Carroll;John Collins;Jan Debay;
Barry Denes;Harry Dotson;Burnie Dunlap;Norman Z.Eckenrode;James
M.Ferryman;Barry Hammond;Tom Harman;Mark Leyes;Pat McGuigan;
Eva Minor-Bradford;Mark A.Murphy,Chris Norby,Margie Rice,Thomas
R.Saltarelli,Mark Schwing,Todd Spitzer,Dave Sullivan;Peer A.Swan;
Charles E.Sylvia;Hank Wedaa;Bob Zemel
NOES:None
ABSENT:Patsy Marshall
IN WITNESS WHEREOF,I have hereunto set my hand and affixed the official
seal of County Sanitation District No.I on behalf of itself and Districts Nos.2,3,5,6,7,
11,13 and 14 of Orange County,California,this 30th day of July,1997.
Penny Kyle,S~c~étar)(1
Boards of Dire’~t~rs,~p’unty Sanitation
Districts Nos.1,2,3,5,6,7,11,13 and 14 of
Orange County,California
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