HomeMy WebLinkAbout1961-02-21; Municipal Water District; MinutesMINUTES QF A REGU MEETING OF BOARD QF DIRECTORS OF THE CARISBAD MUNICIPAL WER DIS'I
HELD FEBRUARY 21, 1961 AT 2:OO P.M. AT 2698 STATE STREET, CARLSBb, CALIFORNIA:
President Kelly called the meeting to order at 2:OO P.M. with Directors Carnohan, Coe a
Maerkle answering roll, call. Attorney Swirsky , Engineer Clayton , Pipeline Superintende
Tucker, Engineer Kubota, Mr. Guerin of Schwabacher & Co. and office secretary were alsc
present.
upon motion of Director Carnohan, seconded by Director Maerkle and unanimously carried,
was moved the minutes of a regular meeting January 17, 1961 and adjourned regular meetj
of January 31 , 1961 be approved.
The attorney advised the board they were to adopt a Resolution for the sale of bonds fc
Improyement District #3. He asked Mr. Guerin to submit his report on changes made on 1
official statement.
Mr. Guerin stated the offical statement was approved at the last meeting held February
1961 subject to review and agproval of the bonding counsel. He stated the official sta
ment was herewith presented? with the following corrections: First they had made.al1
typographical corrections and had changed the bid date to March 7, 1961. They had adde
in the section discussing local future prospects, a little stronger language with respe
Precision, Inc., if the board approves, stating they were currently constructing the fi
building for its airborne division at nearby San Marcos, within a few minutes' commutin
distance of Improvement District No. 3. A letter from Hugh E. Beatty, General Manager
the Company, to the Carlsbad Municipal Water District stated they anticipate 285,000 sq
ft. of floor space, and 3,500 local employees by 1965 and its proximity to Improyement
District No. 3 should contribute to local deman for homes, goods and services and to ul
mate development of the area.
With reference to the official maturity schedule, Mr. Guerin stated they had tried work
with O'Melveny &'Myers to make the bonds just 'as strong as possible and to make the
optional maturity charges as light as possible to be called when due. He said O'Melver
and Myers had made a research of considerable length and unfortunately had come up wit1
the answer they cannot recommend approving that the board assume any assessed liability
or obligation beyond that specifically set forth in the statutes. Therefore, O'Melveny
and Myers have made certain provisions in it's initial Resolution of Issuance. Former1
it read "Optional Maturity Schedule" and this has been changed to "Redemption Schedule"
The schedule is the same as previously submitted except for adding the bond nur&ers, T
identifies the particular bonds and the year of possible redemption. The other change
the %Debt Statement". The one shown in the rought draft presented February 14, 1961 wa
for a sale one week earlier than is now scheduled, which makes the debt table different
Director Greek arrvied at 2: 30 P .M.
Mr. Guerin stated he would like the board to adopt a Resolution that the official state
be adopted in final form as previously submitted with the corrections discussed today.
Resolution After discussion, the legal counsel read a RESOLUTION OF BOARD QF DIRECTORS
# 128 CARLSBAI) MUNICIPAL WTER DISTRICT PROVIDING FOR THE ISSUANCE (IF BONDS OF Sh
DISTRICT FOR IWROWMENT DIS'ESCT NO. 3 THEREOF IN THE AMOUNT OF $800,000 F
TRE &QUISITIQN AND CONSTRUCTION OF A MTER TRANSMISSION PIPELINE NITH &?PURTEN..&NCES b
APPURTENANT WORKS, On motion of Director Maerkle, seconded by Director Carnohan, the E
resolution numbered #l28 was adopted by the following vote:
I
to. sub-division potentialities and added a paragraph about Librascope, Division of Gene
I
AYES: Pirectors Kelly, Carnohan, Coe, Greek and Maerkle
NOES: None I ABSENT: None
Resolution After discussion, the legaljcounsel read a RESOLUTION OF THE BOARD OF pIREC
ij129 OF CARLSBAD MUNICIPAL WATER DISTRICT DECLARING ITS INTENTION TO SELL BONDS
SAID DISTRICT FOR I"ENT DISTRICT No. 3' THEREOF IN THE AMOUNT OF $800,
AND FIXING TIME AM> PLACE FOR TAKING BIDS AND DIRECTING PUBLICATION OF NOTICE INVITING
On motion of Director Coe, seconded by Director Maerkle, the said resolution numbered #
was adopted by the following vote:
AYES: Directors Kelly, Carnohan, Coe, Greek and Maerkle
NOES: NONE
ABSENT: NONE
Resolution After discussion, the legal counsel read a RESOLpION OF THE BOARD OF DIREC
#130 OF C&3LSB&I MUNICIPAL WTER DISWCT APPROVING DRAFT OF OFFICI& S"JINT.
Qn motion of Director Coe, seconded by Director Maerkle, the said resolution numbered 4
was adopted by the following vote: I
AYES! Directors Kelly, Carnohan, Coe, Greek and Maerkle
NOES: NONE
ABSENT: NONE
Mr. Guerin left at 2:45 P.M..
City of Discussion by the Board followed regarding reducing the rate of water to the
Carlsbad City. It was the feeling of the board the override charge to the City could
to cost of water at $19.00 plus chlorination charges would make the cost around $27.50
per acre feet.
Resolution After discussion, the legal counsel read a RESOLUTION OF THE BOARD OF DIREC
1,131 OF THE GARLSB@ MUNICIPAL IiIATER DISTRICT ESTABLISHING AND FIXING AND CHANGI
dropped to $8.00 after making a check of current operating figures. This add
THE RATE AND CHARGE FOR "'ER S0T.D TO AWdOLESALE AGENCY BY THE ChLSBAD
MUNICIPAL "3R DISTRTCT WITHIN THE CARLSBAD MUNICIPAL EATE!R DISTRIC" . On motion of
Director Greek, seconded by Director Carnohan, the said resolution numbered #131 was ad
by the following vote:
I AYES: Directors Kelly, Carnohan, Coe, Greek and Maerkle
NOES: NONE
ABSENT: NONE
Other Director Greek advised the board the County Supervisors had passed a Resolutj
Business permitting the Carlsbad Municipal Water District to join them on their purchz
Standard Oil got the new contract this year for gas and oil which is includec
in the above.
After discussion, it was decided Director Greek would follow through on the purchase oj
gas and oil and see about having a pump installed.
Finances Upon motion of Director Greek, seconded by Director Coe, and unanimously car1
it was moyed invoices from Boyle Engineering for Improvement District C3 in t
amount of $3,397.03 and for Proposed freeway construction in the amount of $621.50 be
approved.
Invoice from McClellan Insurance Company for P/L and P/D insurance in the amount of $1,
be turned over to the Attorney to be checked, and brought up at the next meeting.
Upon motion of Director Greek, seconded by Director Maerkle, and unanimously carried, i
was moved Checks #3993-4032 ($61,452.57) and check 1'437 transfer of funds from Bank jof
America to Security First National ($20,000.00) be ratified.
Upon motion of Director Greek, seconded by Director Coe, and unanimously carried, it wi
moved Boyle Engineering invoice in the amount of $8,000.00 for design report on Improvc
District #4 be approved.
I
The engineer presented the design report to the Board stating he would like to go over
at the next meeting after the directors had had an opportunity to look it over. He saj
I
his basic reason for presenting the design report in this form was to have a complete
package to present to the State.
The meeting was declared adjourned at 6:15 P.M.
CARLSBAD MUNICIPAL WATER DIS~
ATTEST :
,l? * . ,? /; +;/: :,L&.c&/ /2 , L. L- ~ 1-
Secretary of the Board of Directors
CARJLSBAD MUNICIPAT., WATER DISTRICT
I
I