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02-0202_CVWD_Minutes_Regular MeetingMINUTES February 5, 2002 CAPISTRANO VALLEY WATER DISTRICT BOARD OF DIRECTORS CLOSED SESSION (610.85) - None Chairman Bathgate called the Regular Meeting of the Board of Directors of the Capistrano Valley Water District to order at 7:47 p.m. in the City Council Chamber. ROLL CALL BOARD MEMBERS PRESENT: Wyatt Hart, David M. Swerdlin, Vice Chairman John S. Gelff and Chairman Diane Bathgate BOARD MEMBERS ABSENT: Director Collene Campbell STAFF PRESENT: George Scarborough, General Manager; Julia Silva, Assistant City Manager; John Shaw, Legal Counsel; Meg Monahan, Clerk of the Board; Cynthia L. Russell, Administrative Services Director; William M. Huber, Engineering and Building Director; Al King, Jr., Community Services Director; Lt. Rick Stahr, Chief of Police Services; and, Dawn Schanded, Deputy City Clerk CONSENT CALENDAR Board Action: Moved by Vice Chairman Gelff, seconded by Director Hart and carried unanimously, 4-0-1, to approve items 1 and 2 as recommended by Staff. MINUTES FROM THE REGULAR MEETING OF JANUARY 10, 2002, APPROVED AS SUBMITTED. 2. RESOLUTION NO. CVWD 02-02-05-01 ADOPTED ENTITLED "A RESOLUTION OF THE BOARD OF DIRECTORS OF THE CAPISTRANO VALLEY WATER DISTRICT, RELEASING CERTIFICATE OF DEPOSIT FOR PUBLIC WATER FACILITIES LOCATED AT 31521 VIA ESTALITA (PALAZZO DEVELOPMENT, L.P.)" (600.70) CVWD Minutes 2-5-02 BOARD ACTIONS: C1. RESOLUTION NO. CVWD 02-02-05-02 ADOPTED APPROVING ISSUANCE OF REVENUE CERTIFICATES OF PARTICIPATION BY THE SAN JUAN CAPISTRANO PUBLIC FINANCING AUTHORITY (355.40) Project Description: In conjunction with authorizing the issuance of the San Juan Capistrano Public Financing Authority Revenue Certificates of Participation, Series 2002, the Board of Directors must take certain actions regarding the bidding and sale of the Certificates of Participation. Staff recommended approving the documents and acts in connection with the execution and delivery of an amount, not to exceed $9,000,000 of revenue Certificates of Participation. Pricing is anticipated for February 27, 2002. Written Communications: Report dated February 5, 2002, prepared by Cynthia L. Russell, Administrative Services Director. Oral Presentation: Cynthia L. Russell, Administrative Services Director, reviewed the staff recommendation. Council Action: Moved by Director Swerdlin, seconded by Director Hart and carried unanimously, 4-0-1, to adopt RESOLUTION NO. CVWD 02-02-05-02 entitled "A RESOLUTION OF THE BOARD OF DIRECTORS OF THE CAPISTRANO VALLEY WATER DISTRICT APPROVI NG THE EXECUTION AND DELIVERY OF CERTAIN DOCUMENTS AND AUTHORIZI NG CERTAIN ACTS IN CONNECTION WITH THE EXECUTION AND DELIVERY OF NOT TO EXCEED $9,000,000 REVENUE CERTIFICATES OF PARTICIPATION BYTHE SAN JUAN CAPISTRANO PUBLIC FINANCING AUTHORITY" ADJOURNMENT There being no further business, Chairman Bathgate adjourned the meeting at 7:50 p.m. to Tuesday, February 19, 2002, in the City Council Chamber. Resoectfully sub itte /211 R. MONAHAN, CLERK OF THE BOARD Adopted: March 5, 2002 ATTEST: CHAIRMAN BATHGATEJ CVWD Minutes 2 2-5-02 1 1 NOTICE OF ADJOURNMENT OF MEETING OF CAPISTRANO VALLEY WATER DISTRICT CALIFORNIA NOTICE IS HEREBY GIVEN, that the Capistrano Valley Water District at its Regular meeting of March 5, 2002, adjourned said meeting to Tuesday, March 19, 2002 at 5:30 p.m. in the City Council Chamber, 32400 Paseo Adelanto, San Juan Capistrano. DATED: March 5, 2002 4 /f I /2'l ret R. Monahan, Clerk of the Board STATE OF CALIFORNIA COUNTY OF ORANGE CITY OF SAN JUAN CAPISTRANO SS AFFIDAVIT OF POSTING I, MARGARET R. MONAHAN, City Clerk of the City of San Juan Capistrano, do hereby declare that the above Notice was posted at or near the door of the City Council chamber on March 5, 2002 within 24 hours of adjournment of the above-named meeting. I declare under penalty of perjury that the foregoing is true and correct. Ma g ret R. Monahan, City Clerk