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HomeMy WebLinkAbout1976-05-13 - Resolution No. 76-09r M RESOLUTION NO.76-9 RESOLUTION OF THE BOARD OF DIRECTORS OF THE YORBA LINDA COUNTY WATER DISTRICT WHEREAS, the Joint Exercise of Powers Agreement Creating Orange County Water Management Agency, dated April 27, 1973, provides that the Agreement may be rescinded and the Agency terminated by the unanimous consent of the members evidenced by a certified copy of the resolution of each governing body of the then members of the Agency; and WHEREAS, the Commission of the Agency, in meeting duly assembled, has determined that the Agreement should be rescinded and the Agency terminated; and WHEREAS, on April 27, 1976 at the regular meeting of the Commission of the Orange County Water Management Agency said Commission, by unanimous vote, on motion duly made and seconded took action deter- mining to submit to each member of Orange County Water Management Agency the proposal that the Agreement be rescinded and the Agency terminated. NOW, THEREFORE, BE IT RESOLVED THAT: THE YORBA LINDA COUNTY WATER DISTRICT does hereby consent and agree that the Joint Exercise of Powers Agreement Creating Orange County Water Management Agency dated April 27, 1973 be rescinded and that the Orange County Water Management Agency be terminated effective June 30, 1976; and RESOLVED FURTHER, that to effect the rescission of the Agreement and termination of the agency, the Treasurer is directed to 1)cancel all insurance of the Agency; 2) collect all sums due the Agency; 3) cause a final audit of the affairs of the Agency to be conducted; 4) pay the expenses of winding up and termination in- cluding legal and accounting expenses and all outstanding accounts payable; 5) submit to each member agency a copy of the audit report of the affairs of the Agency for the fiscal year July 1, 1975 to June 30, 1976 together with a statement of the balance of cash on hand upon final termination and the expenses incurred in termina- tion; and 6) disburse the balance of cash on hand pro rata to the members of the Agency. Passed and adopted this 13 day of May 1976. Ayes: Clodt, Knauft, Lindow and Korn Noes: None Absent: Wagner Abstain:None President Attest: Secre