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00-0531_CVWD_Minutes_Adjourned Regular Meeting189 MAY 31, 2000 ADJOURNED REGULAR MEETING OF THE CAPISTRANO VALLEY WATER DISTRICT BOARD OF DIRECTORS CLOSED SESSION (610.85) -None RECESS UNTIL 7:00 P.M. BUSINESS SESSION The Adjourned Regular Meeting of the Board of Directors of the Capistrano Valley Water District was called to order by Chairman Hart at 7:15 p.m. in the City Council Chamber. The meeting was adjourned from May 16, 2000, due to lack of quorum. ROLL CALL: PRESENT: Wyatt Hart, Chairman David M. Swerdlin, Vice Chairman Diane Bathgate, Director Collene Campbell, Director John Greiner, Director ABSENT: None STAFF PRESENT: George Scarborough, General Manager; Jennifer Murray, Assistant City Manager; John Shaw, Interim City Attorney; Cheryl Johnson, Clerk of the Board; Cynthia L. Russell, Treasurer; William M. Huber, Engineering and Building Director; Thomas Tomlinson, Planning Director; Al King, Community Services Director, Lt. Rick Stahr, Orange County Sheriffs Department. CONSENT CALENDAR - None BOARD ACTIONS APPROVAL OF NON-DOMESTIC WATER SYSTEM MASTER PLAN FUNDING STRATEGY (330.40) (CONTINUED FROM MAY 2. 2000) Written Communications: Report dated May 16, 2000, from the Public Works Director, providing a discussion of the District's expenses and revenues and noting that the Non -Domestic Water Master Plan identified approximately $44.3 million in new capital improvements needed over the next ten years in order to meet current demand and provide capacity for future demand. The Report advised that it would be necessary to issue $3 million in bonds and increase the monthly service charge, the commodity charge and the development fees to finance the needed system improvements. The Report advised that grants had been secured from the Metropolitan Water District's Local Resources Program; and, that applications for grants and low interest loans would be submitted to the State Revolving Fund. It was anticipated that approximately 25% of the total capital Adjourned CVWD Minutes -1- 5131100 190 improvement program cost will be obtained through grants. Developer charges and low interest loans would be used to fund the remaining balance of the capital improvements. Cynthia Russell, Treasurer, made an oral presentation. Approval of Proposed Funding Strategy: It was moved by Director Swerdlin, seconded by Director Greiner and unanimously carried to approve the proposed funding strategy for the Non -Domestic Water Master Plan and to instruct staff to begin the process of public notices and hearings required to change rate fees, development fees and related fees and charges. ADJOURNMENT There being no further business before the Board, the meeting was adjourned at 7:15 p.m., to the next regular meeting date of Tuesday, June 6, 2000, at 5:30 p.m., in the City Council Chamber. Respectfully submitted, CHERYL JOH&tONVCLERK OF THE BOARD ATTEST: WYATT HA T, CHAIRMAN Adjourned CVWD Minutes -2- 5131100