HomeMy WebLinkAbout2010-03-11 - Public Financing Corporation Meeting Agenda Packet
Yorba Linda
Water District
AGENDA
YORBA LINDA WATER DISTRICT
PUBLIC FINANCING CORPORATION SPECIAL MEETING
Thursday, March 11, 2010, 8:30 AM
1717 E Miraloma Ave, Placentia CA 92870
1. CALL TO ORDER
1.1. PLEASE NOTE THAT THIS MEETING WILL BEGIN IMMEDIATELY FOLLOWING
THE REGULAR BOARD MEETING
2. ROLL CALL
William R. Mills, President
Michael J. Beverage, Vice President
Ric Collett
Phil Hawkins
John W. Summerfield
3. PUBLIC COMMENTS
Any individual wishing to address the Board is requested to identify themselves and state the matter on which
they wish to comment. If the matter is on the agenda, the Board will recognize the individual for their comment
when the item is considered. No action will be taken on matters not listed on the agenda. Comments are limited
to matters of public interest and matters within the jurisdiction of the Water District. Comments are limited to five
minutes.
4. ACTION CALENDAR
This portion of the agenda is for items where staff presentations and Board discussions are needed prior to
formal Board action.
4.1. Appointment of Corporate Officer
Recommendation: That the Board of Directors appoint Stephen Parker, Finance
Director, as Treasurer for the Public Financing Corporation and adopt the attached
Resolution No. PFC 10-01.
4.2. Minutes of the Regular Public Financing Corporation Meeting Held November 25, 2009
Recommendation: That the Board of Directors approve the minutes as presented.
5. ADJOURNMENT
5.1. The next regular meeting of the Public Financing Corporation will be held December 9,
2010 at 8:30 a. m.
Items Distributed to the Board Less Than 72 Hours Prior to the Meeting
Pursuant to Government Code section 54957.5, non-exempt public records that relate to open session agenda items
and are distributed to a majority of the Board less than seventy-two (72) hours prior to the meeting will be available for
public inspection in the lobby of the District's business office located at 1717 E. Miraloma Avenue, Placentia, CA 92870,
during regular business hours. When practical, these public records will also be made available on the District's internet
website accessible at http://www.ylwd.com/.
Accommodations for the Disabled
Any person may make a request for a disability-related modification or accommodation needed for that person to be
able to participate in the public meeting by telephoning the Executive Secretary at 714-701-3020, or writing to Yorba
Linda Water District, P.O. Box 309, Yorba Linda, CA 92885-0309. Requests must specify the nature of the disability and
the type of accommodation requested. A telephone number or other contact information should be included so the
District staff may discuss appropriate arrangements. Persons requesting a disability-related accommodation should
make the request with adequate time before the meeting for the District to provide the requested accommodation.
ITEM NO. 4.1
AGENDA REPORT
Meeting Date: March 11, 2010 Budgeted: N/A
Total Budget: N/A
To: Board of Directors Cost Estimate: N/A
Funding Source: N/A
From: Ken Vecchiarelli, General Account No: N/A
Manager
Job No: N/A
Presented By: Ken Vecchiarelli, General Dept: Administration
Manager
Reviewed by Legal: N/A
Prepared By: Annie Alexander, Executive CEQA Compliance: N/A
Secretary
Subject: Appointment of Corporate Officer
SUMMARY:
Pursuant to the Board of Directors Rules for Organization and Procedure (Resolution No. 07-16),
the officers of the District shall also serve as the officers of the Public Financing Corporation. With
the hiring of Stephen Parker as the permanent Finance Director, a new Treasurer needs to be
appointed for the Corporation.
STAFF RECOMMENDATION:
That the Board of Directors appoint Stephen Parker, Finance Director, as Treasurer for the Public
Financing Corporation and adopt the attached Resolution No. PFC 10-01.
DISCUSSION:
The officers of the District also serve as the officers of the Public Financing Corporation and are
customarily updated annually following the reorganization of the Board of Directors. On November
25, 2009, the Board of Directors appointed Cindy Navaroli, Interim Finance Director, as the Interim
Treasurer for the Corporation. With the hiring of Stephen Parker as the permanent Finance Director,
a new Treasurer needs to be appointed. According to the Board of Directors Rules for Organization
and Procedure, appointment of officers for the Corporation should be ratified by resolution.
PRIOR RELEVANT BOARD ACTION(S):
On November 25, 2009, the Board of Directors appointed the following as corporate officers of the
Public Financing Corporation (Resolution No. PFC 09-01):
William R. Mills, President
Michael J. Beverage, Vice President
Ken Vecchiarelli, Secretary
Pat Grady, Assistant Secretary
Cindy Navaroli, Interim Treasurer
ATTACHMENTS:
Name: Description: Type:
Resolution PFC 10-01.doc Resolution No. PFC 10-01 Resolution
Approved by the Board of Directors of the
Yorba Linda Water District
3/11/2010
MB/RC 5-0 Roll Call
RESOLUTION NO. PFC 10-01
RESOLUTION OF THE BOARD OF DIRECTORS
OF THE YORBA LINDA WATER DISTRICT
PUBLIC FINANCING CORPORATION
RATIFYING THE APPOINTMENT OF OFFICERS
AND RESCINDING RESOLUTION NO. PFC 09-01
WHEREAS, the Board of Directors previously adopted Resolution No. PFC 09-10
ratifying the appointment of officers for the Public Financing Corporation;
and
WHEREAS, the Board of Directors is desirous of ratifying its appointment of Stephen
Parker to the office of Treasurer for the Public Financing Corporation.
NOW THEREFORE BE IT RESOLVED by the Board of Directors of the Corporation as
follows:
Section 1. Each of the foregoing recitals is true and correct.
Section 2. The following persons are hereby appointed to the offices of the
Corporation indicated opposite their names, and each such person is to
serve in accordance with the Bylaws of the Corporation:
Name Office
William R. Mills President
Michael J. Beverage Vice President
Ken Vecchiarelli Secretary
Pat Grady Assistant Secretary
Stephen Parker Treasurer
Section 3. That Resolution No. PFC 09-01 is hereby rescinded.
PASSED AND ADOPTED this 11th day of March 2010, by the following called vote:
AYES:
NOES:
ABSTAIN:
ABSENT:
William R. Mills, President
Yorba Linda Water District
ATTEST:
Ken Vecchiarelli, Secretary
Yorba Linda Water District
Resolution No. PFC 10-01 Ratifying the Appointment of Stephen Parker to the Office of Treasurer for the Corporation 1
ITEM NO. 4.2
AGENDA REPORT
Meeting Date: March 11, 2010
Subject: Minutes of the Regular Public Financing Corporation Meeting Held November
25, 2009
STAFF RECOMMENDATION:
That the Board of Directors approve the minutes as presented.
ATTACHMENTS:
Name: Description: Type:
112509 PFC - Minutes.doc PFC Mtg Minutes 11/25/09 Minutes
Approved by the Board of Directors of the
Yorba Linda Water District
3/11/2010
MB/RC 5-0
MINUTES OF THE
YORBA LINDA WATER DISTRICT
PUBLIC FINANCING CORPORATION REGULAR MEETING
November 25, 2009
1. CALL TO ORDER
The November 25, 2009 regular meeting of the Yorba Linda Water District Public
Financing Corporation was called to order by President Summerfield at 9:29 a.m.
The meeting was held at the District's Administrative Office at 1717 E Miraloma
Ave, Placentia CA 92870.
2. PLEDGE OF ALLEGIANCE
o
3. ROLL CALL
DIRECTORS PRESENT STAFF PRESENT
John W. Summerfield, President Ken Vecchiarelli, General Manager
William R. Mills, Vice President Pat Grady, Assistant General Manager
Michael J. Beverage Steve Conklin, Engineering Manager
Ric Collett Lee Cory, Operations Manager
Cindy Navaroli, Interim Finance Director
Annie Alexander, Executive Secretary
2
DIRECTORS ABSENT
Paul R. Armstrong
4. PUBLIC COMMENTS
None.
5. ACTION CALENDAR ,
5.1. Election of Officers for the Public Financing Corporation
Mr. Vecchiarelli explained that the officers of the District also serve as the
officers of the Public Financing Corporation and are updated annually
following the reorganization of the Board of Directors. According to the
Board of Directors' Rules for Organization and Procedure, appointment of
officers for the Public Financing Corporation should be ratified by
resolution, however, this practice had not been observed since December
2003.
On a motion by Director Collett, seconded by Director Beverage, the
Board voted 4-0 on a Roll Call to adopt Resolution No. PFC-09-01
Ratifying the Appointment of Officers of the Yorba Linda Water District
Public Financing Corporation.
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6. ADJOURNMENT
6.1. The meeting was adjourned at 9:32 a.m.
Ken Vecchiarelli
Secretary
2