HomeMy WebLinkAbout2007-08-23 - Resolution No. 07-15RESOLUTION NO. 07-15
RESOLUTION OF THE BOARD OF DIRECTORS OF THE
YORBA LINDA WATER DISTRICT REGARDING ITS
INTENTION TO ISSUE TAX-EXEMPT OBLIGATIONS
WHEREAS, the Board of Directors of the Yorba Linda Water District (the "Issuer")
desires to finance the costs of acquiring certain public facilities and
improvements, as provided in Exhibit A attached hereto and incorporated
herein (the "Projects"); and
WHEREAS, the Issuer intends to finance the acquisition of the Projects or portions of
the Projects with the proceeds of the sale of obligations the interest upon
which is excluded from gross income for federal income tax purposes (the
"Obligations"); and
WHEREAS, prior to the issuance of the Obligations, which may be issued in one or
more series, the Issuer desires to incur certain expenditures with respect to
the Projects from available monies of the Issuer which expenditures are
desired to be reimbursed by the Issuer from a portion of the proceeds of
the sale of the Obligations;
NOW, THEREFORE, BE IT RESOLVED that the Board of Directors of the Yorba Linda
Water District does hereby Resolve, Order and Determined as follows:
Section 1: The Issuer hereby states its intention and reasonably expects to
reimburse Projects costs incurred prior to the issuance of the Obligations
with proceeds of the Obligations. Exhibit A describes either the general
character, type, purpose, and function of the Projects, or the fund or
account from which Projects costs are to be paid and the general
functional purpose of the fund or account.
Section 2: The reasonably expected maximum principal amount of the Obligations is
$40,000,000.00 (forty million dollars).
Section 3: This resolution is being adopted on or prior to the date (the "Expenditures
Date or Dates") that the Issuer will expend monies for a portion of the
Projects costs to be reimbursed from proceeds of the Obligations.
Section 4: Except as described below, the expected date of issue of a series of the
Obligations will be within eighteen months of the later of the Expenditure
Date or Dates for a Project or the date the Project is placed in service;
provided, the reimbursement may not be made more than three years
after the original expenditure is paid. For Obligations subject to the small
issuer exception of Section 1 48(f)(4)(D) of the Internal Revenue Code, the
"eighteen-month limit" of the previous sentence is changed to "three
years" and the limitation of the previous sentence beginning with
provided, is not applicable.
Section 5: Proceeds of a series of the Obligations to be used to reimburse for Project
costs are not expected to be used, within one year of reimbursement,
directly or indirectly to pay debt service with respect to any obligation
(other than to pay current debt service coming due within the next
succeeding one year period on any tax-exempt obligation of the Issuer
(other than the Obligations)) or to be held as a reasonably required
reserve or replacement fund with respect to an obligation of the Issuer or
any entity related in any manner to the Issuer, or to reimburse any
expenditure that was originally paid with the proceeds of any obligation, or
to replace funds that are or will be used in such manner.
Section 6: This resolution is consistent with the budgetary and financial
circumstances of the Issuer, as of the date hereof. No monies from
sources other than the Obligation issue are, or are reasonably expected to
be reserved, allocated on a long-term basis, or otherwise set aside by the
Issuer (or any related party) pursuant to their budget or financial policies
with respect to the Projects costs. To the best of our knowledge, this
Board of Directors is not aware of the previous adoption of official intents
by the Issuer that have been made as a matter of course for the purpose
of reimbursing expenditures and for which tax-exempt obligations have not
been issued.
Section 7. The limitations described in Section 3 and Section 4 do not apply to (a)
costs of issuance of the Obligations, (b) an amount not in excess of the
lesser of $100,000 or five percent (5%) of the proceeds of the Obligations,
or (c) any preliminary expenditures, such as architectural, engineering,
surveying, soil testing, and similar costs other than land acquisition, site
preparation, and similar costs incident to commencement of construction,
not in excess of twenty percent (20%) of the aggregate issue price of the
Obligations that finances the Projects for which the preliminary
expenditures were incurred.
Section 8: This resolution is adopted as official action of the Issuer in order to comply
with Treasury Regulation §1.150-2 and any other regulations of the
Internal Revenue Service relating to the qualification for reimbursement of
Issuer expenditures incurred prior to the date of issue of the Obligations, is
part of the Issuer's official proceedings, and will be available for inspection
by the general public at the main administrative office of the Issuer.
Section 9: All the recitals in this Resolution are true and correct and this Board of
Directors so finds, determines and represents.
2
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YORBA LINDA
WATER
DISTRICT
DIRECTORS
Paul R. Armstrong
Michael J. Beverage
Ric P. Collett
William R. Mills
John W. Summerfield
GENERAL MANAGER
Michael A. Payne
4622 Plumosa Drive
P.O. Box 309
Yorba Linda, CA 92885
el: (714) 777-9593
ax: (714) 701-0413
Email: ylwd@ylwd.com
Web: www.ylwd.com
SECRETARY'S CERTIFICATE
STATE OF CALIFORNIA )
) SS
COUNTY OF ORANGE )
I, Kenneth R. Vecchiarelli, Assistant Secretary of the Yorba Linda Water
District, hereby do certify that the foregoing Resolution No. 07-15 was
adopted at a regular meeting of the Board of Directors of the Yorba Linda
Water District held on the 23`d day of August, 2007, by the following roll
call vote:
AYES: 3
NOES: O
ABSENT: 2-
ABSTAIN:
Secretary, Yorba Linda Water District
STATE OF CALIFORNIA )
) SS
COUNTY OF ORANGE )
I, Kenneth R. Vecchiarelli, Assistant Secretary of the Yorba Linda Water
District, hereby do certify that the above and foregoing is a full, true and
correct copy of Resolution No. 07-15 of said District and that the same
has not been amended or repealed.
DATED: August 23, 2007
Assistant Secretary, Yorba Linda Water District
4
EXHIBIT A
DESCRIPTION OF THE PROJECTS
(See attached)
F--VE YEAR CAPITAL
PANA SPREADSHEE"
~ Fisca-' Years 2007-20'-2
A-1
YORBA LINDA WATER DISTRICT
WATER SYSTEM CAPITAL IMPROVEMENTS
RESERVOIRS
1. Highland Reservoir Replacement
Total estimated capital cost: $10,200,000
Project consists of constructing a new 6 million gallon (MG) reservoir to replace the
existing 4.6 MG reservoir constructed in 1911. A preliminary design report was used to
determine sizing recommendations, site constraints and project phasing. Staff proposes
to use long-term debt to finance this project.
2. Hidden Hills Reservoir and Santiago Booster Upgrades
Total estimated cost: $6,400,000
Project consists of building a new 2.0 million-gallon buried concrete reservoir to serve
Pressure Zone 1390 in I.D.-2. Pump station improvements include replacement of
pumps 1 & 2, and upgrades to the PLC and other electronic controls. Project costs
include engineering, inlet and outlet piping, grading, environmental mitigation,
construction management and contingency.
3. Lakeview Reservoir
Total estimated capital cost: $12,500,000
Project consists of constructing an 8 million-gallon buried concrete reservoir expandable
to 12 MG and demolition of two existing 2 MG steel tanks on the District's new
Lakeview Reservoir and Booster Pump Station site.
4. Elk Mountain Reservoir Improvements
Total estimated capital cost: $300,000
Project consists of improvements to the existing reservoir site for potential joint use as
practice fields or a passive park. This project is contingent on the City of Yorba Linda's
desire to approve and support a joint use agreement.
BOOSTER STATIONS
5. Lakeview Booster Pump Station
Total estimated capital cost: $4,500,000
Project consists of completing the new 5,000 gpm booster pump station, sodium
hypochlorite generator and multiple zone pressure reducing station. This capital project
benefits all service areas as it provides for the transmission of additional groundwater
throughout the District as well as providing for efficient transmission of imported water
to the various pressure zones normally fed by groundwater in case of surplus (in-lieu) or
emergencies.
6. Palm Avenue Booster Pump Station and Yorba Linda Boulevard Pipeline
Total estimated capital cost: $5,400,000
Project consists of replacing the existing Palm Avenue Booster Pump Station with a
two-pump 3,500 gpm capacity station including a block building enclosure and other
improvements. The project will assist the District in pushing more groundwater to the
east half of our service area. The project will require constructing a parallel 16-inch
pipeline in Yorba Linda Boulevard from Ohio Street to Fairmont Boulevard.
FY 2007-2012 CUP Project Descriptions A-2
YORBA LINDA WATER DISTRICT
WATER SYSTEM CAPITAL IMPROVEMENTS
7. Zone 1000 Booster Pump Station
Total estimated capital cost: $1,080,000
Project consists of a low head, high volume booster pump station located downstream of
the Quarterhorse Reservoir. This station will lift water from Pressure Zone 920 in the
Pulte Development to Pressure Zone 1000 and the Little Canyon Reservoir. Once
completed this station will allow the District to reconfigure the existing Fairmont
Booster Pump Station to pump groundwater to Zone 780 and therefore make it
accessible to the entire District.
8. Fairmont Booster Pump Station Reconfiguration
Total estimated capital cost: $400,000
Project consists of reconfiguring the existing station from a Pressure Zone 780-1000 lift
to a Pressure Zone 675-780 lift. This project converts the station from boosting imported
water from the Springview Reservoir to boosting groundwater into the Springview
Reservoir.
PRODUCTION
9. Well No. 19 Long Term Storage Program
Total estimated capital cost: $1,200,000
District Share: $100,000
Project consists of completing the MWD-OCWD Long Term Storage Program Well No.
19 and placing it into production and operations. Production and maintenance costs for
this well must be documented and will be closely monitored in accordance with the
program agreements with OCWD and MWD. Essentially, the additional capacity this
well provides the District should be held in reserve to meet demands when MWD
experiences a shortfall in supplies.
10. Well No. 20.
Total estimated capital cost: $2,000,000
Project consists of a new groundwater production well to replace Well No. 9, which was
recently abandoned by the District and to increase the reliability of the District's local
water resource production capabilities.
11. Groundwater Capacity Restoration
Total estimated capital cost: $1,200,000
Project consists of blanking out shallow perforations in the existing well casings of four
existing groundwater production wells, lowering the bowl assemblies and increasing
horsepower as required to restore production capacity at the Richfield production
facilities.
12. OC-51 Upgrade
Total estimated cost: $242,000
Project consists of increasing the capacity of MWD's OC-51 connection from 10cfs to
25cfs. The proposed upgrade will allow the District to back up the OC-66 connection off
the Allen McCulloch Pipeline with water carried from OC-51 through the Zone 4
Transmission Pipeline (North Yorba Linda Cross Feeder) to the Bryant Cross Feeder in
Fairmont Boulevard.
FY 2007-2012 CIP Project Descriptions A-3
YORBA LINDA WATER DISTRICT
WATER SYSTEM CAPITAL IMPROVEMENTS
PIPELINES
13. 2005 C.I. Replacements (Ohio Street, Buena Vista and Grandview Avenues)
Total estimated capital cost: $2,600,000
Project consists of completing the replacement of approximately 3,100 feet of old 10-
inch cast iron pipeline in Buena Vista Avenue from Lakeview Avenue to Grandview
Avenue, 2,300 feet of old 8-inch cast iron pipeline in Ohio Street from Grandview
Avenue to its southern terminus and 2,800 feet of old 6- & 8-inch cast iron pipeline in
Grandview Avenue from Mountain View south to Grandview Extension.
14. Zone 3 Transmission Pipeline, S&S Reach 5
Total estimated capital cost: $1,000,000
District share of cost (38%): $380,000
Project consists of the District's share of cost for construction of approximately 3,400
linear feet of 18-inch transmission pipeline in the proposed Bastanchury Road alignment
through the S&S Development west of Fairmont Boulevard. The proposed pipeline will
allow the District to transfer more groundwater east.
15. Zone 4 Transmission Pipeline, S&S Reach 5
Total estimated capital cost: $1,700,000
District share of cost (70%): $1,190,000
Project consists of the District's share of cost for construction of approximately 3,600
linear feet of 36-inch transmission pipeline in the proposed Bastanchury Road alignment
through the S&S Development west of Fairmont Boulevard. The proposed pipeline is
upsized to back up the Western Service Area with import water from OC-51 and as part
of the master-planned transmission pipeline that will back up the single import
connection serving the entire eastern half of the District.
16. Anaheim Intertie Connection Improvements
Total estimated capital cost: $500,000
District share of cost: $250,000
Project consists of the District's share of upgrades to the existing emergency intertie
connections with the City of Anaheim at Willow Woods Drive, Crystal Drive and
Jennifer Lane.
17. Fire Flow Improvement ( Via Sereno and Ohio)
Total estimated capital cost: $125,000
The project consists of the replacement of approximately 700 linear feet of 6-inch
pipeline in Via Sereno with an 8-inch pipe to increase fire flow capacity in the area.
18. Zone 4C Reconfiguration
Total estimated capital cost: $1,070,000
Project consists of the installation of approximately 3,600 l.f. of 12-inch transmission
pipe, 1,600 11. of 8-inch distribution pipeline and numerous gate valves cut-ins. This
project would increase the pressures in this area which are typically low in high demand
periods and eliminate inefficient use of pressure reducing stations located in Village
Center Drive and San Antonio Road.
FY 2007-2012 CIP Project Descriptions A-4
YORBA LINDA WATER DISTRICT
WATER SYSTEM CAPITAL IMPROVEMENTS
19. Foxtail Drive Pipeline
Total estimated capital cost: $250,000
Project consists of constructing 900 linear feet of 10-inch pipeline in Foxtail Drive from
Lomas de Yorba West. This pipeline project will allow the abandonment of the existing
10-inch pipeline in Lomas de Yorba West from Box Canyon Drive to Azela Circle. The
existing pipeline has been taken out of service for several years since it was damaged
from a slope failure that occurred along the property adjacent to the street. The new
pipeline will restore an important looped connection in this zone.
20. Meter Replacement Program, Phase I
Total estimated capital cost: $2,804,000
Project consists of completing the replacement of approximately 7,600 aging meters in
the Western Service Area with new radio read meters. This portion of the work was
performed with outside services and contracted labor. The balance of approximately
1,750 meters will be replaced by the contractor in fiscal year 2007-08.
21. Meter Replacement Program, Phase II
Total estimated capital cost: $1,000,000
Project consists of replacing approximately 450 2-inch and 1 112-inch meters in the
Western Service Area with new radio read meters to complete the meter replacement
project in the Western Service Area. This project will also begin the replacement of
aging meters in I.D. No. 2 with approximately 2,500 new radio read meters. The labor
for this replacement project will be YLWD staff.
22. Radio Read Water Meter Conversion Project, Phase I
Total estimated capital cost: $160,000
Project consists of equipping approximately 2,600 existing meters with radio read
transmitters to support full radio read capabilities in the Western Service Area.
BUILDING AND SUPPORT PROJECTS
23. Fairmont Booster Pump Station Site Improvements
Total estimated cost: $300,000
Project consists of improvements to the existing booster pump station building and
addition of a parts and equipment storage building used for maintenance and operations.
24. Richfield & Miraloma Administration Building
Total estimated capital cost: $7,700,000
Project consists of constructing a 20,000 square foot office building at the Richfield
Plant to house the administration, business and engineering departments. The project
includes sufficient space for the projected staffing requirements over the next twenty
years, central records storage, boardroom, conference room, parking and landscaping.
Long-term debt financing was established to fund a portion of this project.
FY 2007-2012 CIP Project Descriptions A-5
YORBA LINDA WATER DISTRICT
BUILDING AND SUPPORT SYSTEM CAPITAL IMPROVEMENTS
25. Edison Power Pole Relocations
Total estimated cost: $250,000
Project consists of relocating three Southern California Edison Company power poles
and high voltage power lines along the Richfield Road frontage of the District's
Maintenance and Operations facility. This power line relocation will allow for the
Richfield Road street widening and improvements required by the City of Placentia for
the District's site improvements.
26. Richfield Road Widening
Total estimated cost: $350,000
Project consists of widening Richfield Road approximately 15 feet along with curb,
gutter and sidewalk improvements. This project will be constructed in cooperation with
the City of Placentia.
27. Miraloma Through Street Improvements
Total estimated cost: $250,000
Project consists of the Miraloma through street improvements connecting the existing
street terminus east of Van Buren Street with the section through to Richfield Road.
This project will be constructed in cooperation with the City of Placentia.
28. Mira Loma Storm Drain Project
Total estimated cost: $525,000
Project consists of approximately 1,750 feet of 30-inch storm drain in Van Buren Street
and Miraloma Avenue collecting drainage from the District's site and the local streets.
This project will be constructed in cooperation with the City of Placentia.
29. District Geographical Information System Project
Total estimated capital cost: $700,000
Project consists of developing a digital information database and analytical geographical
information system containing the water and sewer infrastructure, parcel and street
information linked to the customer service and operational database systems. This
system will provide for more efficient access to information and the ability to perform
complex analysis in support of services for each department. This project will convert
the District's existing hard copy maps and as-built plans from paper to digital
information. The project includes data conversion, computer servers, software, support
consulting and programming services as well as start up and maintenance training.
FY 2007-2012 CIP Project Descriptions A-6
YORBA LINDA WATER DISTRICT
SEWER SYSTEM CAPITAL IMPROVEMENTS
1. S&S TTM 16209 Downstream Improvements (Rio del Oro)
Total estimated capital cost: $93,000
Project consists of retention payments for improvements north of Yorba Linda
Boulevard completed in fiscal year 2006-07.
2. Kellogg Sewer Improvements
Total estimated capital cost: $1,500,000
District share of cost (50%): $750,000
Project consists of completing trunk system improvements in Kellogg Drive from Short
Street north to Club View Drive. These improvements support the proposed Yorba
Linda High School and Shapell development projects north of Yorba Linda Boulevard
and east of Fairmont Boulevard. The project also provides capacity for the District's
existing drainage areas at build out when all properties are connected to the public sewer
system.
3. Grandview Sewer
Total estimated cost: $260,000
Project consists of completing the sewer pipeline construction in Grandview Avenue
from Buena Vista Avenue to Mountain View Avenue. The District will be refunded for
this project as additional property owners connect in the future.
4. Lakeview Sewer Lift Station Rehabilitation
Total estimated cost: $200,000
Project consists of replacing the two existing pumps with new grinder pumps and
upgrades to the electrical service to the station to support these improvements.
FY 2007-2012 CIP Project Descriptions A-7
F--VE YEAR CAP--r--'-'A--
PRO.-ECTS SPREADSHEE~
Fisca-- Years 2007-20'-2
it
FY 2007-2012 CIP Project Descriptions A-8
FY 2007-12 FIVE YEAR CAPITAL PROJECTS
a
t
(WATER SYSTEM CAPITAL IMPROVEMENTS ( Cost Estimate lCumulative
{District Cost (District Cost District Cost (District Cost District Cost
No.
Project Name I
$ (Cost, $M
1FY 2007-08 1FY 2008-09 (FY 200940 1FY 2010-11 {FY 2011-12
24.
(New Administration Building I
$7,700,000 I
S770
( $7,700,000 I
_ {
{
S.
Lakeview Booster Pump Station (5000 GPM) (
$4,500,000 ;
S12.20
S1,800,000 1
J
'_0.
(Meter Replacement Program, Phase I J
$21804,000 I
S15.00
1 $841,200 {
1
I
13.
12005 C.I. Replace (Ohio/Buena Vista/Grandview) J
52,600,000 I
517 60
l 5260,000
l
15.
{Zone 4 Transmission S&S, R 5 (36 inch)
$1,700,000 I
S1930
I 51,190,000 1
1
9.
( Well No. 19 Long Term Storage Program I
$1,200,000 i
S20.50
$ l 00,000 1
(
1
14.
Zone 3 Transmission S&S, R 5 (18 inch) J
Sl,000,000
S21.5o
M 5380,000 1
28.
IMiraloma Storm Drain Pipeline
5525,000 ;
52203
1 5525,000 I
I
1
25.
(Edison Power Pole Relocations I
5250,000 I
522.28
I 530,000 I
(
1
3.
Lakeview Reservoir (8MG) I
$12,500,000 1
S34 78
{ 57,500,000 {
55,000,000 {
1.
Highland Reservoir Replacement (6MG) J
$10.200,000
$4498
( $6,120,000 1
54,080,000 {
1
18.
JZone 4C Reconfiguration I
S1,070,000
S46.05
{ $267,500 {
$802,500 1
1
21.
1 Water Meter Replacement Project, Phase 2 J
S 1,000,000
$47 05
S500,000
5500,000
1
29.
IGIS Implementation Project J
5700,000
$47.75
( $380,000 1
S320,000
{ I
26.
(Richfield Road Widening J
$310,000 (
548.10
$315,000 1
535,000
1
27.
1Miraloma Through Street Improvements I
5250,000
S48 35
1 S225,000
525,000 (
I {
23.
Fairmont Booster Pump Station Site Improvements J
5300,000 ;
$48.65
( $200,000 I
$100,000 {
( 1
12.
IOC-51 Upgrade (
5242,000 I
S48 89
1 560,500 (
$181,500 I
1 1
22.
Radio Read Water Meter Conversion Project, Phase I I
S160,000 (
$49.05
I $80,000 {
$80,000 (
{
2.
(Hidden Hills Reservoir (2MG) and Santiago Booster Upgrades
56,400,000 1
555.45
( $2,240,000
52,880,000 {
51
280
000 1
6.
{Palm Ave BS Upgrade & YL Blvd Pipelines l
$5,400,000
$60.85
1 $540,000 {
52,160,000
,
,
52,700,000 {
10.
lWcll No. 20 J
52,000,000 I
$62.85
I $500,000 I
51,300,000 (
5200,000 { I
I I
Groundwater Capacity Restoration I
S1.000,000 1
563.85
I $150,000 I
5550,000 1
$300,000 1 {
16.
Anaheim lnteme Connection Improvements J
$500,000 1
S64 35
1
$62,5001
$187,5001
7.
Zone 5 (1000) Booster Station I
51,080,000 (
$65 43
5270,000 (
$270,000 1 $540,000 {
8.
Fairmont Booster Pump station Reconfiguration {
5400,000 V
565.83
- (
5200,000 I 5200
000 {
19.
{Foxtail Drive Pipeline J
$245,000 I
S66.08
I
,
S49,000 1 $196,000
4
Elk Mountain Res. Site Improvements l
$300,000 1
566.38
1 I
J
1 S300,0001
17
Wire Flow improvement (Via Sereno & Ohio) J
$125,000 I
S66 50
( {
{
1 525,000 I $100,000
Total Water Projects (
$66,501,000
$31,904,200 (
$18,346,500 {
$5,186,500 ( $1,261,000 ( $100,000
Water CIP's $56,798,200
SEWER SYSTEM CAPITAL IMPROVFMENTS 1
!
l (
J
I J
I .
IS&S TIM 16209 Downstream Improvements (Rio del Oro) (
593.000 1
$009
$9,300 (
{
1
2
IYLWD/S&S Kellogg Sewer Improvements (
S1,5001000 1
S 159
1 $15[),000 I
I
I
3.
Grandview Sewer I
$260,000 1
$1.85
1 526,000 1
1
J
4.
Lakeview Sewer Lift station Upgrades (
5200,000 1
S2 05
$20,000 1
1
( l
I Total Sewer Projects(
52,053,000 l
1 $385,300 1,
(
Sewer CIP's $385,300
Projects in Construction Phase Note. Protect Number corresponds to location in Protect Description [-1st
Projects in Design Phase
Revised June 22, 2007
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