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HomeMy WebLinkAbout1994-12-15 - Board of Directors Meeting MinutesPage December 15, 1994 MINUTES OF THE YORBA LINDA WATER DISTRICT BOARD OF DIRECTORS' ADJOURNED REGULAR MEETING December 15, 1994 The December 15, 1994, Adjourned Regular Meeting of the Yorba Linda Water District Board of Directors was called to order by President Carl T. Scanlin at 9:30 a.m. The meeting was held at the District Headquarters located at 4622 Plumosa Drive, Yorba Linda. ROLL CALL Directors "resent at Roll Call: President Carl T. Scanlin Vice President Arthur C. Kom Paul R. Armstrong Michael J. Beverage Sterling L. Fox Staff present: William J. Robertson, Secretary/General Manager Arthur G. Kidman, General Counsel Barbara Bower, Secretary to the General Manager Charles Gray, Engineering Manager Ray Harsma, Operations Superintendent Beverly Meza, Business Manager Michael J. Robinson, Assistant Administrator Mr. Ronald Rus, District Bankruptcy Counsel joined the meeting in progress. ACTION CALENDAR Report on Orange County Commingled Investment Pool. General Manager Robertson presented an update of activities relative to bankruptcy of the Orange County Commingled Investment Pool that occurred subsequent to the December 13, Adjourned meeting. General Counsel and Mr. Ronald Rus, District Bankruptcy Counsel, presented a lengthy report on legal issues relative to this matter. On a motion by Director Armstrong, seconded by Director Fox, the Board of Directors voted 5-0 authorizing staff and counsel's to take action they believe are necessary to protect the District's interests in matters pertaining to bankruptcy of the Orange County Commingled Investment Pool, and to move forward with business arrangements to form a consortium of agencies and cities which have similar interests. AD.IOURNMENT On a mo ' n by Director Fox, seconded by Director Armstrong, the Board of Directors voted 5-0, at 11:05;'a.m. to adjourn to Thursday, December 22, 1994, at 8:30 a.m., at the District headqu ' ers on PWmosa Drive. General