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HomeMy WebLinkAbout1958-01-13; Municipal Water District; MinutesMINUTES OF AN ADJOURNED REGULAR MEETING OF THE BOARD OF DIRECTORS OF THE CARLSBAD MUNICIPAL WATER DISTRICT iIELD AT 7:30 P. M., JANUAFiY 13, 1958, AT 2960 PI0 PIC0 DRIVE, CAilLSBAD, CALIFORNIA The meeting was called to order by President Fry. Ewald, Fry, Kelly, Rogers, Greek; absent: none. A180 present were members of the advisory committee for Improvement District No. 2 (Carroll Kelly, Donald Ayree , Jack Lyman, Daniel Wiegand) , Attorney Paul Swireky, Wm. Cannon, Col. Harry Price and Executive Secretary A. Stephen8 Lowrie. Minutes Improvement Dietrict No.2 necessary for carryin out the sals of bonds at a Directors present: Minutes of the meetings of January 2, 1958 were approved on motion of Director Ewald, seconded by Director Kelly, c Attorney Swirsky pointed out that the procedure discowlt for Phase uAf of the construction program for Improvement District No. 2. would be as follows: 1. Authorization of the preparation of plane and specifications and advertising for construction bids for Phase A. 2. Determination by the Board of the amount of bonds to be sold to pay costs of construction of Phase A. 3. Determination by the Board that the remaining amount of authorized bonds (that amount remaining after determining the amount of bonds to be sold to pay costs of construction of Phaee A) would provide sufficient monies to construct all improvements called for in Phase B and C of the construction program for said District. Preparation of brochure and adoption of official statement for bond sale. 4. 5, 6. Resolution of intention to sell bonds, fixing time and place for taking of bids and directing publication of notice inviting bida. c 1 Opening of conetruction bids and bids for purchase of bonds, if any. 7. 8. Determination or adequacy of funds from sale of bonds to cover valid . construction bids, if there are any bide. Negotiation for sale of bonds by private sale, in the event of no bids on public sale. 9. Paying Agents the Security First National, he said, applies to a specific issue and agents would be located only in LOB Angeles whereas the Ban&, of America agents are located in Chicago and New York as well. Also thew of America Contract calls for a charge of 5$ per coupon with no minim.., whereas the Security First National would charge 7i$$ with a minimum of 4625.00. securities equal to an excees of 10s over market value. Motion On motion of Director Rogers, seconded by Director Greek, the Bank of America was named as Paying Agent for bonds for Improvement District No. 2 and the Secretary instructed to notify Schwabacher tk Go. to this effect. Resolution Resolution No. 68, declaring intent to sell bonds for NO. 68 with roll call vote as follows: Awarding of contracts for conatruction of improvements under Phase A, Attorney Swirsky noted that CMWD hae an open-end contract with the Bank of America as paying agents for any bond issue passed by the District. The Contract submitted by The Bank of America Contract also calls for ita pledging of 7 I Improvement District No. 2 in the amount of $350,000.00 wa8 read in full by the Attorney and authorized on motion of Director Ewald, seconded by Director Rogers, AYES: Directors: EWALD, FRY, KELLY, ROGERS, GREEK NOES: Directors: NONE ABSENT: Directors: NONE -1- Resolution Resolution No. 69, approving the draft of official No. 69 Statement regarding sale of bonds for Improvement District No. 2 was read in full by the Attorney and approved on motion of Director Roger8, seconded by Director Kelly, with roll call vote as follows: AYES: Directors: EWALD, FRY, KELLY, ROGERS, GREEK NOES: Direotors: NONE c_ ABSENT: Directors: HONE Engineering A discussion of possible procedure in the event that the bonds fail to sell followed. The question of Engineering costs amounting to approximately $17,000 was the major consideration. Committee or land owners of the Improvement District would be willing to foot the bill. Director Rogers added that unless someone puts up the money the bonds could not be advertized for sale. Mr. C. Kelly stated the opinion that this would not be possible. Director Ewald asked Mr. Ayres if there is a possibility of selling at private sale at 5$* Mr. Ayres said he doubted that the bonds would bring par and does not know of anyone who would buy them at par at 5% interest. It was suggested that Improvement District No. 1 funds might be used for Engineering and the Attorney was requested to get a ruling on this subject for presentation, at the January 30th meeting. Correspondence: Director Kelly asked if the Advisory 1. 2. 3. 4. 5. 6. Key was Western Water News, Dec., 1957 -- reporting on Long Beach Convention of IDA Feather River Prodects Association, 1-6-58 -- Newsletter. Ban Diego County Water Authority, Minutes 12-12-57 Resolution (441 7 establishing vote of representatives of Member Minutes 12-19-5 Agencies for 57-58 Tabulations for December BoYle Engineering, 1-7-58 -- transmitting estimate of construction costs for Phase "AI'. County of San DieRo Assessor, - 1-2-58 -- acknowledging Docwnents re: Improvement Diatrict No. 2. Irrigation District Officers Associations, - 1-9-58 -- requesting reservations for Lindsay Dinner 1-16-58 at Fireside, 6:30 P.M. Acres The request on behalf of "Key Acres" for a pipe-line connection (as presented at the meeting of January 2) reviewed. On motion of Direotor Rogers, eeconded by Director Greek, a letter was ordered sent stating that CMWD is prepared to 8erve water under the terms of Ordinance No. 9, Section 5, and that, provided a suitable connection can be found, water would be billed at wholesale until such time as a wholesale agency is formed to 8erve that area; details of installation to be determined by the Engineer. The motion carried with the abstaining vote of Director Ewald. Payment of Payment of bills through January 13, 1958 (checks Bills #2125-2134) was authorized on motion of Director Rogers, seconded by Director Ewald. Secretary's On motion of Director Rogers, seoonded by Director Kelly, Vacation the Executive Secretary was granted vacation time from March 28 to April 5 (six working days). - -2- Don’t Waste Director Rogers reported that he and Fire Chief Water Hardin had attended a meeting of the Don’t Waste Water Committee at which officers were elected and plans for the coming year were outlined. The Authority will be asked to contribute $5,500 for operating expenses to April lat, this would include $1,200 for advertising. Local committees will be organized in each community. spent on advertising will depend upon how serious the problem becomes. c How much i6 On motion of Director Rogers, seconded by Director Greek, the meeting was adjourned to 4:OO P.M., January 30, 1958. President of the/Board of’Directore CAI~LSBAD MUNICIP~L WATP DISTRICT ATTEST: 7L4D1 U! Secretary of the Board of Directors c- CARLSBAE- MUNICIPAL kATER DISTRICT (SEAL)