HomeMy WebLinkAboutOCSD 98-32RESOLUTION NO.OCSD 98-32
DECLARATION OF OFFICIAL INTENT TO REIMBURSE CERTAIN
OF THE DISTRICT’S CAPITAL RESERVE FUNDS FOR
EXPENDITURES MADE IN ADVANCE FOR 1998-99 CAPITAL
IMPROVEMENT PROJECTS FROM PROCEEDS OF A FUTURE
LONG-TERM FINANCING
A RESOLUTION OF THE BOARD OF DIRECTORS OF ORANGE
COUNTY SANITATION DISTRICT,AUTHORIZING FUTURE
CAPITAL EXPENDITURES TO BE REIMBURSED FROM FUTURE
LONG-TERM FINANCING
WHEREAS,the Orange County Board of Supervisors,by approval on April 14,
1998 of County Resolution No.98-1 40,has ordered the Consolidation of County
Sanitation Districts Nos.1,2,3,5,6,7,11,13 and 14 of Orange County,California (the
“Predecessor Districts”)into a single new District,to be known as the Orange County
Sanitation District (“District”);and
WHEREAS,pursuant to Government Code Section 57500,the District succeeds
to all of the powers,rights,duties,obligations,functions and properties of the
Predecessor Districts;and
WHEREAS,on July 13,1994,the Joint Boards of Directors of Predecessor
Districts 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,on July 30,1997 the Joint Boards of Directors of Predecessor
Districts 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;and,
WHEREAS,the District (“Issuer”)intends to acquire and/or construct,or
otherwise improve,certain capital improvements during Fiscal year 1998-99 and later,
as described in Exhibit “A”(the “Project”),attached hereto and incorporated herein by
reference;and,
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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;
NOW,THEREFORE,the Board of Directors of Orange County Sanitation
District,
DOES 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 Special Meeting held July 1,1998.
Chair
AU T:L~1~
Board Se~ètary
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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 District during the period commencing July 1,1998,and ending on
June 30,1999 (or such later date as the District 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.
Cate~orv G Includes miscellaneous capital improvement projects within County
Sanitation District Revenue Area No.1.
Category 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 Revenue Area No.2.
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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 Revenue Area No.3.
Category J Includes certain pump station improvements,trunk rehabilitation,and
other miscellaneous projects within County Sanitation District Revenue Area No.5.
Category K Includes pump station improvements and rehabilitation,sewer line and
trunk rehabilitation,and other miscellaneous projects within County Sanitation District
Revenue Area No.6.
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 Revenue
Area No.7.
Category M Includes pump station improvements and replacements,sewer line and
trunk rehabilitation,and other miscellaneous projects with County Sanitation District
Revenue Area No.II.
Category N Includes certain subtrunk and interceptor capacity projects and other
miscellaneous projects within County Sanitation District Revenue Area No.13.
Category 0 Includes certain interceptor capacity and other miscellaneous projects
within County Sanitation District Revenue Area No.14.
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