HomeMy WebLinkAbout1981-04-06 - Board of Directors Meeting Minutes1637
April 6, 1981
The adjourned meeting of the Board of Directors of the Yorba Linda County Water
District was called to order by President Knauft at 7:30 p.m. in the offices of
the District on Plumosa Drive. Directors present Knauft, Lindow, Clodt, Korn and
Cromwell. Also present Ralph Shook general manager Jean Mathews secretary Betty
Emblidge auditor Bill Robertson project manager Art Kidman attorney, Hugo Prestinary
of Campeau Corporation, Alex Bowie attorney, Amador Gonzales, Stan Wolcott of
Rutan and Tucker and Karl Kylma engineer.
President Knauft welcomed the Campeau representatives and as:.ked Mr. Prestinary
to go ahead with his presentation.
Mr. Prestinary had several aerial pictures of the Bryaxt Ranch along with brochures.
He went ahead and explained the development and the various stages with anticipated
build out when completed of 4005 units. He also stated that they were dedicating
240 acres along the river to a wildlife preserve, with the extension of La Palma
as the main arterial highway to the Ranch Development. This will be accomplished
by building a levee or dike with the road on the top. Discussion at great length
on the staging of the development.
Mr. Leonard McQuarrie arrived for the meeting at 8:00 p.m.
Alex Bowie attorney for Campeau spoke on the funding and relations between develop-
ers and the District.
Mr. McQuarrie of Campeau stated that they would send in the money for the preparation
of the legislation to establish a standby acreage charge to assist in the payment of
obligations incurred for the development of the area by this District until the
assessed valuation of the development can carry the burden. Discussion.
Campeau Corporation's Mr. McQuarrie said that they would be willing to submit a
financial statement and enter into an agreement probably backed up by a letter of
credit to protect the District's bonds.
At 9:00 p.m. the Campeau Corporation representatives left the meeting.
Board reconvened at 9:25 p.m. with all directors present.
The Board continued to discuss the prospect of a bond issue in the fall. Stan
Wolcott of Rutan and Tucker their bond counsel had remained and discussed various
possibilities with the Board.
Moved by Director Korn seconded by Director Lindow to adjourn at 10:30 p.m.
Jean E. Mathews, Secretary
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