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02-1001_CVWD_Minutes_Regular MeetingMINUTES October 1, 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 9:23 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; Omar Sandoval, Legal Counsel; Meg Monahan, Clerk of the Board; Cynthia L. Russell, Administrative Services Director; Thomas Tomlinson, Planning Director; William M. Huber, Engineering and Building Director; Lt. J.B. Davis, Chief of Police Services; and Maria Guevara, Secretary. CONSENT CALENDAR Board Action: Moved by Director Hart, seconded by Vice Chairman Gelff and carried unanimously, 4-0, to approve items 131 through B3 as recommended by Staff. MINUTES FROM THE REGULAR MEETING OF SEPTEMBER 3, 2002, APPROVED AS SUBMITTED 2. UTILITY AGREEMENT WITH THE CITY OF SAN JUAN CAPISTRANO FOR THE CAMINO CAPISTRANO SLOPE REPAIR APPROVED; AND, CHAIRMAN AUTHORIZED TO SIGN THE AGREEMENT ON BEHALF OF THE CAPISTRANO VALLEY WATER DISTRICT (CIP NO. 139) (000.70) 3. INVESTMENT POLICY FOR THE CAPISTRANO VALLEY WATER DISTRICT FOR FISCAL YEAR 2002-2003 APPROVED; AND, THE CLERK OF THE BOARD DIRECTED TO FORWARD THE INVESTMENT POLICY TO THE CALIFORNIA DEBT AND INVESTMENT ADVISORY COMMISSION (350.30) 4. RESOLUTION NO, CVWD 02-10-01-01 ADOPTED ENTITLED "RESOLUTION OF THE BOARD OF DIRECTORS OF THE CAPISTRANO VALLEY WATER DISTRICT, ORANGE COUNTY, CALIFORNIA, APPROVING AMENDMENT CVWD Minutes 1 10-1-02 NO. 3 TO THE JOINT EXERCISE OF POWERS AGREEMENT CREATING THE SAN JUAN BASIN AUTHORITY" (600.70) Proiect Description: The financing plan for Phase I of the Ground Water Recovery Plant, the San Juan Basin Authority, includes issuing Marks -Roos bonds. The Joint Exercise of Powers Agreement creating the San Juan Basin Authority (SJBA) provides for the issuance of revenue bonds and is silent on issuing Marks -Roos bonds. SJBA legal counsel recommends approval of Amendment No. 3., giving the Authority the power to issue revenue bonds pursuant to the Marks -Roos Local Pooling Act of 1985. Written Communication: Report dated October 1, 2002, from Cynthia L. Russell, Administrative Services Director. Presentation: Cynthia L. Russell, Administrative Services Director, reviewed the staff recommendation. Director Swerdlin voiced his opposition to the project, expressing concerned with the potential risks. Board Action: Moved by Director Hart; seconded by Vice Chairman Gelff and carried, 3-1-1, to adopt Resolution No. CVWD 02-10-01-01 approving Amendment No. 3 to the Joint Exercise of Powers Agreement creating the San Juan Basin Authority. ROLL CALL AYES: DIRECTORS: Hart, Vice Chairman Gelff and Chairman Bathgate NOES: DIRECTORS: Swerdlin ABSENT: DIRECTORS: Campbell 5. RESOLUTION NO. CVWD 02-10-01-02 ADOPTED ENTITLED "RESOLUTION OF THE BOARD OF DIRECTORS OF THE CAPISTRANO VALLEY WATER DISTRICT REGARDING ITS INTENTION TO ISSUE TAX-EXEMPT OBLIGATIONS" RELATING TO PHASE I OF THE GROUNDWATER RECOVERY PLANT (340.20) Project Description: On September 3, 2002, the Capistrano Valley Water District Board of Directors approved a Service Contract with ECO Resources, Inc. to design, build and operate Phase I of the Ground Water Recovery Plant. The Project will be financed through the San Juan Basin Authority. Prior to the issuance of debt by the San Juan Basin Authority, the District will be incurring costs associated with its obligations under the Service Contract. Staff recommends that the Board of CVWD Minutes 2 10-1-02 1 1 Directors adopt a resolution approving the District's Intention to Issue Tax -Exempt Obligations related to the Phase I of the Ground Water Recovery Plant. Written Communication: Report dated October 1, 2002, from Cynthia L. Russell, Administrative Services Director. Presentation: Cynthia L. Russell, Administrative Services Director, reviewed the staff recommendation. Director Swerdlin indicated he would not support the recommendation due to his concern with the project. Board Action: Moved by Director Hart, Seconded by Vice Chairman Gelff, and carried, 3-1-1, to adopt Resolution No. CVWD 02-10-01-02 approving the District's intention to issue tax-exempt obligations relating to Phase I of the Ground Water Recovery Plant. ROLL CALL AYES: DIRECTORS: NOES: DIRECTORS ABSENT: DIRECTORS BOARD ACTIONS: None ADJOURNMENT Hart, Vice Chairman Gelff and Chairman Bathgate Swerdlin Campbell There being no further business, Chairman Bathgate adjourned the meeting at 9:25 p.m. to An Adjourned Regular meeting, Tuesday, October 15, 2002, at 5:30 p.m. for Closed Session and 7:00 p.m. for the Public Business Session in the City Council Chamber. Respertfully subm' e L GARET R. MONAHAN, CLERK OF THE BOARD proved: November 5, 2002 ATTEST: CHAIRMAN BATHGA CVWD Minutes 3 10-1-02 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 November 5, 2002, adjourned said meeting to Tuesday, November 19, 2002 at 5;30 p.m., for Closed Session and 7:00 p.m. for the public Business Session, in the City Council Chamber, 32400 Paseo Adelanto, San Juan Capistrano. DATED: November 5, 2002 L 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 November 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. aret R. Monahan, City Clerk 1