HomeMy WebLinkAbout1981-07-01 - Board of Directors Meeting Minutes1653
July 1, 1981
The adjourned meeting of the Board of Directors of the Yorba Linda County Water
District was called to order by President Knauft at 2:10 p.m. in the offices of
the District on Plumosa Drive. Directors Roy Knauft, Howard Lindow, Fred Clodt,
Art Korn and Whit Cromwell were all present. Also present Ralph Shook general
manager, Jean Mathews secretary, Bill Robertson project manager, Art Kidman
attorney, DuWayne Lidke and Bob Seemans engineers, Jackie Harrison a Yorba Linda
resident, Bill Wright attorney, Hugo Prestinary and Carl Klyma from C-W Associates.
Mr. Wright gave out a letter from the law office of Alex Bowie. After the
directors had read the letter President Knauft asked the group from C-W Associates
if they had anything they wanted to add. Bill Wright attorney for C.W. Assoc-
iates gave a rather long dissertation on their reasons for wanting interest paid
on funds advanced for construction, urging the District to change their policy of
many years.
Discussion.
Mr. Prestinary asked Mr. Shook if anyone else had ever advanced funds for instance
in I.D. # 1. Mr. Shook replied they had and rather large sums, no interest paid
to date on any such funds.
Art Kidman said there were several reasons why a 40,~P,V! sale was not possible, the
unusual interest rates, no good market, A.V. for I.D. # 2 too low because of their
own manipulation, the landowner Bryant,had requested that the District not sell a
lot of bonds but keep the sale low. He also pointed out that this was only in-
terim financing until the bonds were sold.
The question was asked if District did pay interest where does it start, back
with agreements already signed, with agreements now being negotiated, or with
new ones to be negotiated.
Mr. Kylma said that because 42 million dollars of G.O. Bonds were available
for I.D. #2 he had urged C-W to purchase the Bryant Ranch and he never would have
if he had known it was going to be like this.
Moved by Director Clodt seconded by Director Cromwell to deny the request for
interest and continue the current policy of the District. Motion carried unanimously.
The next business for this meeting was the discussion of type of reservoir, steel
tanks vs buried concrete.
A general discussion followed on the two kinds of facilities, the location of
same, and the points in favor of each. Mr. Kylma referred to the Woodside Report
that stated that the steel tank was the most cost effective. City favors buried
concrete and there would be a dual use of a buried concrete reservoir. Talk of
bidding the reservoir both ways at an estimated extra cost of at least $15,000.00.
Board said if C-W wanted to pay the extra costs they might consider it.
Staff recommendations are for a buried concrete and a poll of the Board members
indicated they favor the staff recommendations.
Staff instructed to look further into the costs and report at the July 9th board
meeting.
Moved by Director Clodt seconded by Director Cromwell to adjourn the board meeting.
Motion carried.
IZ-
e Mathews Secretary