HomeMy WebLinkAbout2008-02-14 - Board of Directors Meeting Agenda Packet■
z
Agenda Packet
Regular Meeting of the
Board of Directors
February 14, 2008
8:30 a.m.
4622 Plumosa Drive, Yorba Linda, CA 92886
Yorba Linda Water District
AGENDA
YORBA LINDA WATER DISTRICT
BOARD OF DIRECTORS REGULAR MEETING
Thursday, February 14, 2008, 8:30 A.M.
4622 Plumosa Drive, Yorba Linda - (714) 701-3020
CALL TO ORDER
PLEDGE OF ALLEGIANCE
ROLL CALL
John W. Summerfield, President
William R. Mills, Vice President
Paul R. Armstrong
Michael J. Beverage
Ric Collett
INTRODUCTION OF VISITORS AND 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 this 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 this agenda.
Comments are limited to matters of public interest and matters within the jurisdiction of the Water District.
Comments are limited to five minutes.
SPECIAL RECOGNITION
None
CONSENT CALENDAR (Items 1 through 31
All items listed on the consent calendar are considered to be routine matters, status reports, or
documents covering previous Board instructions. The items listed on the consent calendar may be
enacted by one motion. There will be no discussion on the items unless a member of the Board, the staff,
or the public requests further consideration.
Minutes of the Regular Board of Directors meeting held January 24, 2008.
Recommendation: Approve the minutes as presented.
2. Payment of bills, refunds, and wire transfers.
Recommendation: Ratify and authorize disbursements in the amount of
$2,834,527.98.
3. Construction of the New District Administration Building.
Recommendation: That the Board of Directors approve Progress Payment
No. 11 in the net amount of $559,759.65 to J.E. Grant General Contractors
for construction of the new Administration Building, Job No. 200313.
ACTION CALENDAR
This portion of the agenda is for items where staff presentations and Board discussions are needed prior
to formal Board actions.
4. Annual Board of Directors' tour of District facilities.
Recommendation: That the Board of Directors set a date and time for the
tour.
DISCUSSION ITEMS
This portion of the agenda is for matters that cannot reasonably be expected to be concluded by action of
the Board of Directors at the meeting, such as technical presentations, drafts of proposed policies, or
similar items for which staff is seeking the advice and counsel of the Board of Directors. Time permitting,
it is generally in the District's interest to discuss these more complex matters at one meeting and consider
formal action at another meeting. This portion of the agenda may also include items for information only.
5. Investment Outlook Highlights, January/February 2008, Keith Khorey, Wells
Capital Management.
6. 2008 State of the District Presentation.
REPORTS. INFORMATION ITEMS AND COMMENTS
7. a. President's Report
b. Directors Reports
c. General Managers Report
1) Eastlake pressure enhancement issue.
2) Three day MWD shutdown
3) City of Placentia - Award of Construction Contract-Miraloma & Richfield
4) 2008 Certificates of Participation
5) Highland Reservoir Bid Opening
d. General Counsel's Report
COMMITTEE REPORTS
8. a. Executive-Administrative-Organizational Committee
(Summerfield/Mills) Alternate: Collett
1) Meeting scheduled for February 20, 4:00 p.m.
b. Finance-Accounting Committee
(Beverage/Summerfield) Alternate: Mills
1) Minutes of meeting held February 12 will appear in the agenda for February
28.
2) Meeting scheduled for March 11, 4:00 p.m.
-2-
c. Personnel-Risk Management Committee
(Armstrong/Collett) Alternate: Summerfield
1) Minutes of meeting held February 11 will appear in the agenda for February
28.
2) Meeting scheduled for March 10, 4:00 p.m.
d. Planning-Engineering-Operations Committee
(Mills/Armstrong) Alternate: Beverage
1) Minutes of meeting held February 7 will appear in the agenda for February
28.
2) Meeting scheduled for March 6, 4:00 p.m.
e. Public Information Committee
(Collett/Beverage) Alternate: Armstrong
1) Minutes of meeting held February 5.
2) Minutes of the meeting held February 13 will appear in the agenda for
February 28.
3) Meeting scheduled for March 4, 4:00 p.m.
f. Building Ad Hoc Committee
(Beverage/Summerfield) Alternate: Armstrong
1) Minutes of meeting held January 31.
2) Meeting scheduled for February 21, 4:00 p.m.
g. MWDOC Ad Hoc Committee
(Mills/Beverage) Alternate: Collett
1) Meeting scheduled for March 7, 10:00 a.m.
h. City of Placentia Ad Hoc Committee
(Beverage/Payne)
1) Meeting to be scheduled for March.
INTERGOVERNMENTAL MEETINGS
9. a. GWRS Dedication January 25 (Mills)
b. WACO, February 1 (Mills)
c. MWDOC Planning & Operations Committee, February 4 (Staff)
d. Yorba Linda City Council, February 5 (Mills)
-3-
e. MWDOC/MWD Joint Workshop, February 6. (Staff)
f. OCWD Board, February 6. (Staff)
g. Yorba Linda Planning Commission, February 13 (Collett)
BOARD OF DIRECTORS ACTIVITY CALENDAR
Authorization to attend meetings scheduled after February 14, 2008. Agenda is available in the District office
prior to meeting.
Februarv 2008
President's Day, Feb 18
Yorba Linda City Council, Feb 19, 6:30 p.m.
MWDOC Board, Feb 20, 8:30 a.m.
Executive-Admin-Organizational Committee, Feb 20, 4:00 p.m
OCWD Board, Feb 20, 5:00 p.m.
Building Ad Hoc Committee, Feb 21, 4:00 p.m.
ACWA Washington DC Conference, Feb 26-28
Yorba Linda Planning Commission, Feb 27, 6:30 p.m.
Board of Directors Meeting, Feb 28, 9:00 a.m.
March 2008
FPublic Information Committee, March 4, 4:00 p.m.
Yorba Linda City Council, March 4, 6:30 p.m.
MWDOC/MWD Joint Workshop, March 5, 8:30 a.m.
OCWD Board, March 5,5:00 p.m.
Planning-Engineering-Operations Committee, March 6, 4:00 p.m
WACO, March 7, 7:30 a.m.
MWDOC Ad Hoc Committee, March 7, 10:00 a.m.
Personnel-Risk Management Committee, March 10, 4:00 p.m.
Finance-Accounting Committee, March 11, 4:00 p.m.
Yorba Linda Planning Commission, March 12, 6:30 p.m.
Board of Directors Meeting, March 13, 8:30 a.m.
Executive-Admin-Organizational Committee, March 18, 4:00 p.m
Yorba Linda City Council, March 18, 6:30 p.m.
MWDOC Board, March 19, 8:30 a.m.
OCWD Board, March 19, 5:00 p.m.
Building Ad Hoc Committee, March 20, 4:00 p.m.
Yorba Linda Planning Commission, March 26, 6:30 p.m.
Board of Directors Meeting, March 27, 8:30 a.m.
CONFERENCES AND SEMINARS
District Offices Closed
Armstrong
Staff
Summerfield/Mills
Staff
Beverage/Summerfield
Mills
Summerfield
Collett/Beverage
Mills
Staff
Staff
Mills/Armstrong
Mills/Beverage
Armstrong/Collett
Beverage/Summerfield
Collett
Summerfield/Mills
Armstrong
Staff
Staff
Beverage/Summerfield
Summerfield
10. Authorize attendance of Directors and such staff members of the District as
approved by the General Manager to attend the following conferences and
seminars.
a. None.
-4-
ADJOURN TO CLOSED SESSION
The Board may hold a closed session on items related to personnel, labor relations and/or litigation. The
public is excused during these discussions.
11. Public Employee Performance Evaluation [Government Code Section 54957] Title:
General Manager.
ADJOURNMENT
A regular meeting of the Board of Directors is scheduled for February 28, 2008, at 8:30
a.m., at 4622 Plumosa Drive, Yorba Linda 92886.
Accommodation 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 Michael A. Payne, General
Manager/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.
-5-
2008 BOARD OF DIRECTORS CALENDAR
JAN FEB MAR
S M T W T F S
11 2 3 4 5
6 7 8 9M 11 12
13 14 15 16 17 18 19
20 21 22 23M 25 26
27 28 29 30 31
APR
S
M
T
W T F
S
1
2 3 4
5
6
7
8
9■ 11
12
13
14
15
16 17 18
19
20
21
22
23025
26
27
28
29
30
S M
6 7
13 14
20 21
27 28
JUL
T W T F S
1 2 3 4f5
8 9W 11 12
15 16 17 18 19
22 23 M 25 26
293031
OCT
S M T W T F S
1 2 3 4
5 6 7 8. 10 11
12 13 14 15 16 17 18
19 20 21 22 ■ 24 25
26 27 28 29 30 31
Holiday
Board Meeting
Activities
S M
3 4
10 11
17 181
24 25
S M
4 5
11 12
18 19
A25 261
T
5
12
X19
26
W T
6 7
13M
20 21
27M
MAY
T W T
1
6 Y 8
13 14 15
20 21-
127 28 29
F S
1 2
8 9
15 16
22 23
29
F S
2 3
9 10
16 17
23 24
30 31
AUG
S
M
T
W T
F
S
1
2
3
4
5
6 7
8
9
10
11
12
13M
15
16
17
24
18
25
19
26
20 21
27M
22
29
23
30
311
NOV
S
M
T
W T
F
S
1
2
9
3
10
4 5 6
111 12-
7
14
8
15
16
17
18
19 20
21
22
23 24 25 26., 27' 28129
301
S
M
T
W T
F
Sl
1
2
9
3
10
4
11
5 6
12 =
7
14
8
15
16
23
17
24
18
25
19 20
26M
21
28
22
29,
30
311
JUN
S
M
T
W T
F
1
8
2
9
3
10
4 5
11 12
6
13
7
14
15
22
16
23
17
24
18 19
25 26
20
27
21
28
29
301
SEP
S M T W T
1[ 2 3 4
7 8 9 10 11
14 15 16 17 18
21 22 23 24=
28 29 30
F S
5 6
12 13
19 20
26 27
DEC
S M T W T F S
1 2 3 4 5 6
7 8 9 10M 12 13
14 15 16 17 18 19 20
21 22 23 24 r,` V 2S 26127
28 29 30 31
APPROVED BY THE BOARD OF DIRECTORS
OF THE YORBA LINDA WATER DISTRICT
r _3 1 20
ITEM NO.
- C'2~ BY MINUTES OF THE
UYORBA LINDA WATER DISTRICT
BOARD OF DIRECTORS REGULAR MEETING
January 24, 2008
The January 24, 2008 regular meeting of the Yorba Linda Water District Board of
Directors was called to order by President Summerfield at 8:30 a.m. The meeting was
held at the Richfield Plant, 913 S. Richfield Road, Placentia.
DIRECTORS PRESENT AT ROLL CALL
John W. Summerfield, President
William R. Mills, Vice President
Paul R. Armstrong
Michael J. Beverage
Richard P. Collett
STAFF PRESENT
Michael A. Payne, General Manager
Kenneth R. Vecchiarelli, Asst. G.M.
Lee Cory, Operations Manager
Pat Grady, IT Director
Amelia Cloonan, Executive Secretary
Sandi Van Etten, Senior Accountant
Jeff McDonald, Sr. Water Distribution Operator
INTRODUCTION OF VISITORS AND PUBLIC COMMENTS
None
SPECIAL RECOGNITION
President Summerfield recognized Jeff McDonald, Senior Water Distribution Operator,
for his accomplishment in completing the ACWA/JPIA Supervisor Basics Specialty
Programs.
Jeff McDonald left the meeting at 8:34 a.m.
CONSENT CALENDAR (Items 1 through 3)
On a motion by Director Armstrong, seconded by Vice President Mills, the Board of
Directors voted 5-0 to approve the Consent Calendar with Director Collett abstaining
from voting on Item 2, checks nos. 48182 and 48213.
Minutes of the Regular Board of Directors meeting held January 10, 2008.
Recommendation: Approve the minutes as presented.
2. Payment of bills, refunds, and wire transfers.
Recommendation: Ratify and authorize disbursements in the amount of
$1,497,577.73.
3. Progress Payment for Construction of the Lakeview Reservoir.
Recommendation: Approve Progress Payment No. 8 in the net amount of
$546,775.79 to SSC Construction, Inc. for construction of the Lakeview
Reservoir Project, Job No. 200704.
ACTION CALENDAR
4. Termination of Professional Services Agreement with Charles Z. Fedak &
Company. General Manager Payne presented the report. There is a provision in
the contract for ten days written notice for cancellation of the agreement. The
agreement will be cancelled because of performance issues. The matter went
before the Finance-Accounting Committee, which concurred. Diane Cyganik
outlined why the firm was chosen. The improvements in service promised by the
firm in the second year of the contract did not occur.
On a motion by Vice President Mills, seconded by Director Collett, the Board of
Directors voted 5-0 to approve termination of the Agreement with Charles Z.
Fedak & Company and authorize staff to solicit requests for proposals for new
independent auditors.
Sandi Van Etten left the meeting at 8:46 a.m.
5. Highland Reservoir Project Status Report. Assistant General Manager Vecchiarelli
presented the report. Board support is requested for abandonment of two
orphaned oil wells on the Highland Reservoir site. The owners of the first well
were located. Efforts to have our legal counsel communicate with the owners
failed. Another well, inactive for 50 years, was never operational. There are no
known owners of this well.
The District has a permit from the State Department of Conservation, Division of
Oil, Gas and Geothermal Resources to go ahead and abandon the wells. Only
one firm responded to the District's calls for an RFP, Harbor Resources, Inc. The
matter was brought before the PEO Committee. There were questions and
discussion about other wells in the area.
On a motion by Vice President Mills, seconded by Director Armstrong, the Board of
Directors voted 5-0 to authorize the General Manager to execute an agreement
with Harbor Resources, Inc. in the amount of $151,325.20 to properly abandon two
oil wells on the District's Highland Reservoir Site, Job No. 200309.
DISCUSSION ITEMS
6. None
REPORTS, INFORMATION ITEMS AND COMMENTS
7. a. President's Report
There was no report.
-2-
b. Directors Reports
Directors Armstrong, Beverage and Collett will not be attending the GWRS
Dedication tomorrow. President Summerfield and Vice President Mills will
attend.
Director Beverage queried if the District has a rain gauge. Operations Manager
Cory stated a gauge is maintained in the Production Department.
Director Collett reported Phil Anthony visited Waste Management's offices and
indicated to him that OCWD is actively looking to come to a settlement
agreement with the District.
c. General Managers Report
1) Report on Eastlake pressure enhancement project
General Manager Payne indicated the issue was presented at the PEO
Committee meeting on January 11. Assistant General Manager
Vecchiarelli stated members of the HOA attended and other property
owners attended. The District looked at some options and updated the
model. A zone reconfiguration project is still in the works. The PEO
Committee would like to see the results tied up in a full report. In
February, the full report will come back to the PEO Committee. It will still
take time to design and construct pipelines. The quickest solution for
homeowners is still to install pressure enhancement systems, which are
not that expensive. Installation costs are costly. President Summerfield is
acquainted with someone who is pleased with their pump system. When
the water is turned on, the pump turns on. The pump is located in the
garage. Assistant General Manager Vecchiarelli said a pipeline will last
60 years at a cost of $1-2 million, but the pressure enhancement system
will cost $4,000 and last only 15 years.
A report will come to the Board.
2) Highland Avenue Homeowners presentation
Invitations were sent out to residents living in proximity to the Highland
Reservoir. The District wanted to inform homeowners about ingress and
egress to the area during construction of the new reservoir and about
removal of trees. Of 120 invitations, 20 residents attended. A group from
the horse riders association also attended. Assistant General Manager
Vecchiarelli said there are some major challenges. The District is working
with those who gain access to their homes through our site. All official city
trails are south of the site. Most equestrians cut through the District's
property. During construction, they will be restricted from the east end
-3-
where the construction site and materials will be located. A joint venture
with the city is to be considered. The city has expressed interest in
working with the District on a trail with restricting access by autos. Fire,
police, ambulance and mail delivery will have keys to access. Vice
President Mills stated access to those homes is a long-term problem. A
card access system was suggested by Director Beverage. The District
committed to continue to meet with this group.
3) MWD 3 day shutdown (January 25-27)
The shutdown is starting Friday, January 25. The District has taken
precautions. Notice was given to the City of Yorba Linda, and small item
appeared in The Yorba Linda Star.
4) State of the District
The State of the District message is scheduled for January 29 from 11:00
a.m. to 2:00 p.m. at the Richfield Plant in the EOC Room.
5) 2008 Certificates of Participation
The District received two bond ratings: Fitch at AA- and S&P at AAA.
COMMITTEE REPORTS
8. a. Executive-Administrative-Organizational Committee
(Summerfield/Mills) Alternate: Collett
1) Minutes of meeting held January 15.
The committee discussed the proposal submitted by Foss Consulting Group
for appraisal services. The Committee also discussed the MWDOC
Municipal Services Review, revisions to the JPIA Agreement for IRS
compliance and the review of Board policies.
2) Meeting scheduled for February 20 at 4:00 p.m.
b. Finance-Accounting Committee
(Beverage/Summerfield) Alternate: Mills
1) Minutes of meeting held January 8.
The committee recommended termination of the contract with Charles Z.
Fedak & Co. for auditing services. There was further discussion of the
Water Rate Report for 2008. The Investment Report for month ending
November 30, 2007 was accepted.
2) Meeting scheduled for February 12, 4:00 p.m.
-4-
c. Personnel-Risk Management Committee
(Armstrong/Collett) Alternate: Summerfield
1) Minutes of meeting held January 14.
Staff recapped the ACWA/JPIA Board of Director's meeting held November
26, 2007. Information was presented to the committee regarding the
ACWA-JPIA RPA Stabilization Fund report. Property insurance coverage
was discussed as was recruitments and new hires and the status of current
litigation.
2) Meeting scheduled for February 11, 4:00 p.m.
d. Planning-Engineering-Operations Committee
(Mills/Armstrong) Alternate: Beverage
1) Minutes of meeting held January 11.
The results of the proposed Zone Reconfiguration Projects were presented
by staff. Homeowners from the East Lake Village Area were present. Staff
was instructed to complete their investigation and compile the finished
report for the next PEO meeting. An update on monthly maintenance
activities was presented. A report was presented on the topics discussed at
the monthly Orange County Groundwater Producers meeting. Monthly
water production and purchased imports through December 2007 were
reported on, and there was a status report of capital improvement projects.
2) Meeting scheduled for February 7, 4:00 p.m.
e. Public Information Committee
(Collett/Beverage) Alternate: Armstrong
1) Minutes of meeting held January 9.
The Committee agreed to the General Manager soliciting a contract for
upgrading the District's website with T-Write Design. There was a status
report on District information activities during December 2007 and those
planned for January. Also discussed were: the new District logo, ACWA
request for Prop 1A letters, water bill messages sent out in December 2007
and the SmarTimer program update. IT activities updated included:
telemetry, GIS and IT general activities. An intranet demonstration was
presented.
2) Meeting scheduled for February 5, 4:00 p.m.
-5-
f. Building Ad Hoc Committee
(Summerfield/Beverage) Alternate: Armstrong
1) The meeting scheduled for January 17 was cancelled.
2) Meeting scheduled for January 31, 4:00 p.m.
3) Meeting scheduled for February 21, 4:00 p.m.
g. MWDOC Ad Hoc Committee
(Mills/Beverage) Alternate: Collett
1) Meeting scheduled for February 26 is to be rescheduled.
h. City of Placentia Ad Hoc Committee
(Beverage/Payne)
1) Meeting to be scheduled for March.
i. City of Yorba Linda Ad Hoc Committee
(Summerfield/Payne)
1) Report on meeting held January 23.
President Summerfield reported on the meeting held at city hall. Also
present were General Manager Payne, Mayor Winder and City Manager
Letorneau. Items discussed included: synthetic turf, water conservation
and the impact from MWD. The city is investigating putting in synthetic turf
on some medians. They are not comfortable with SmarTimers yet. The
emergency drill was discussed, and they were invited to participate in
another county-wide drill in October. An update was given on the Highland
Reservoir project, Lakeview Reservoir, Palm Avenue booster station
easements, the pipeline from Ohio, Hidden Hills Reservoir, low pressure
enhancement in East Lake and the agricultural program cutoff in the
District's service area. They were informed about the water rate hearing that
took place in December and the possibility of the state taking property tax
revenues. The city is putting in an underground drip system in medians.
INTERGOVERNMENTAL MEETINGS
9. a. Yorba Linda City Council, Jan 15
Director Armstrong attended. The agenda did not commence until around
11:00 P.M.
b. MWDOC Board, Jan 16
No one attended as there was nothing pertaining to the District.
-6-
c. OCWD Board, Jan 16
General Manager Payne said they are commencing the budget process for
2008-2009. This involves the District. The District wants to meet with the City
of Garden Grove regarding the shallow aquifer project in the parks. A meeting
between Art Kidman, Joel Kooperberg, Mike Marcus and Mike Payne has
been scheduled for February 4.
d. Yorba Linda Planning Commission, Jan 23
No one attended.
BOARD OF DIRECTORS ACTIVITY CALENDAR
Authorization to attend meetings scheduled after January 24, 2008. Agenda is available in the District office
prior to meeting.
January
rISDOC, Jan 31, 11:30 a.m. (Mesa Consolidated Water District) Mills
Building Ad Hoc Committee, Jan 31, 4:00 p.m. Beverage/Summerfield
Februarv 2008
rWACO, Feb 1, 7:30 a.m.
Public Information Committee, Feb 5, 4:00 P.M.
Yorba Linda City Council, Feb 5, 6:30 p.m.
MWDOC/MWD Joint Workshop, Feb 6, 8:30 a.m.
OCWD Board, Feb 6, 5:00 p.m.
Planning-Enqineerinq-Operations Committee, Feb 7, 4:00 p.m.
Personnel-Risk Management Committee, Feb 11, 4:00 p.m.
Finance-Accounting Committee, Feb 12, 4:00 p.m.
Yorba Linda Planning Commission, Feb 13, 6:30 p.m.
District Board Meeting, Feb 14, 8:30 a.m.
President's Day, Feb 18
Yorba Linda City Council, Feb 19, 6:30 p.m.
MWDOC Board, Feb 20, 8:30 a.m.
Executive-Admin-Organizational Committee, Feb 20, 4:00 p.m.
OCWD Board, Feb 20, 5:00 p.m.
Building Ad Hoc Committee, Feb 21, 4:00 p.m.
MWDOC Ad Hoc Committee, Feb 26, 4:00 p.m. To be
rescheduled
Yorba Linda Planning Commission, Feb 27, 6:30 p.m.
District Board Meeting, Feb 28, 9:00 a.m.
No director assigned
Collett/Beverage
Mills
Staff
Staff
Mills/Armstrong
Armstrong/Collett
Beverage/Summerfield
Collett
District Offices Closed
Armstrong
Staff
Summerfield/Mills
Staff
Beverage/Summerfield
Mills/Beverage
Summerfield
-7-
March 2008
FPublic Information Committee, March 4, 4:00 p.m.
Collett/Beverage
Yorba Linda City Council, March 4, 6:30 p.m.
Mills
MWDOC/MWD Joint Workshop, March 5, 8:30 a.m.
Staff
OCWD Board, March 5,5:00 p.m.
Staff
Planning-Engineering-Operations Committee, March 6, 4:00 p.m.
Mills/Armstrong
WACO, March 7, 7:30 a.m.
Personnel-Risk Management Committee, March 10, 4:00 p.m.
Armstrong/Collett
Finance-Accountinq Committee, March 11, 4:00 p.m.
Beverage/Summerfield
Yorba Linda Planning Commission, March 12, 6:30 p.m.
Collett
District Board Meeting, March 13, 8:30 a.m.
Executive-Admin-Organizational Committee, March 18, 4:00 p.m.
Summerfield/Mills
Yorba Linda City Council, March 18, 6:30 p.m.
Armstrong
MWDOC Board, March 19, 8:30 a.m.
Staff
OCWD Board, March 19,5:00 p.m.
Staff
Building Ad Hoc Committee, March 20, 4:00 p.m.
Beverage/Summerfield
Yorba Linda Planning Commission, March 26, 6:30 p.m.
Summerfield
District Board Meeting, March 27, 8:30 a.m.
CONFERENCES AND SEMINARS
10. Authorize attendance of Directors and such staff members of the District as
approved by the General Manager to attend the following conferences and
seminars.
a. ISDOC Quarterly Meeting, Thursday, January 31, 11:30 a.m. - 1:00 p.m. The
2008 CSDA Conference: Why Orange County Special Districts Play a Key
Role in its Success, and How You Can Get Involved Today! Speaker: Darcel
Harris, Education Director, California Special Districts Association.
b. ACWA 2008 Spring Conference, Portola Plaza, Monterey, May 6-9.
Vice President Mills asked if Director Armstrong would be the JPIA
representative. Vice President Mills will be the alternate. This was agreed.
A recess as declared at 9:53 a.m. The Board reconvened at 9:58 a.m. and adjourned to
Closed Session. All Directors were present. Also present was General Manager
Payne.
ADJOURN TO CLOSED SESSION
11. Public Employee Performance Evaluation [Government Code Section 54957] Title:
General Manager.
-8-
RECONVENE IN OPEN SESSION
The Board of Directors reconvened in open session at 11:03 a.m.
CLOSED SESSION REPORT
On a motion by Vice President Mills, seconded by Director Beverage, the Board of
Directors voted 5-0 to approve a salary increase for the General Manager in the amount
of $12,000 per year effective January 1, 2008.
ADJOURNMENT
On a motion by Director Collett, seconded by Director Beverage, the Board of Directors
voted 5-0 to adjourn at 11:04 a.m. to a meeting of the Board of Directors scheduled for
February 14, 2008, at 8:30 a.m., at 4622 Plumosa Drive, Yorba Linda 92886.
-9-
ITEM NO. 2
AGENDA REPORT
Board Meeting Date: February 14, 2008
To: Board of Directors
From: Michael A. Payne, General Manager
Staff Contact: Diane Cyganik, Finance Director
Reviewed by General Counsel: N/A Budgeted:
Funding Source:
CEQA Account No:
Compliance: N/A Estimated Costs:
APPROVED BY THE BOARD OF DIRECTORS
OF THE YORBA LINDA WATER DISTRICT
BY_
Yes Total Budget: N/A
All Funds
N/A Job No: N/A
$2,834,527.98 Dept: Bus
Subject: Payments of Bills, Refunds, and Wire transfers
SUMMARY:
Section 31302 of the California Water Code says the District shall pay demands made against it
when they have been approved by the Board of Directors. Pursuant to law, staff is hereby
submitting the list of disbursements for Board of Directors' approval.
DISCUSSION:
The major items and wire transfers on this disbursement list are as follows: A wire of $72,170.39
to ACWA-HBA for February 2008 health premium; a wire of $240.69 to ACWA-EAP for February
2008 EAR a wire of $54,440.40 to OCWD for 2006-2007 annexation charge; a wire of
$1,768,162.80 to OCWD for July through December 2007 Replenishment Assessment; a wire of
$134.60 to Bank of America for January 2008 visa payment; a wire of $260,306.51 to MWDOC
for December 2007 water purchase; and, a check of $222,520.69 to Aqua Metric Sales for Jobs
0801 and 0802 and in-house materials. The balance of $238,502.46 is routine invoices.
In summary, the check register total is $2,616,478.54; payroll No. 2 total is $218,049.44; and,
the disbursements of this agenda report are $2,834,527.98. A summary of the checks is as
follows:
Pavables:
Void Check Check No. 48106
Computer Checks Check Nos. 48215 - 48327
Pavroll #2:
Computer Checks
Check Nos.
3732 - 3736
Manual Checks
Check Nos.
3737 - 3747
Void Check
Check No.
3748
Manual Checks
Check Nos.
3749 - 3751
The disbursement total for the current period is $2,834,527.98, distributed as follows:
Water $2,803,739.78
Sewer $ 24,386.20
ID #1 $ 6,402.00
ID #2 $ 0.00
TOTAL $2,834,527.98
PRIOR RELEVANT BOARD ACTION(S):
The Board of Directors approves bills, refunds and wire transfers semi-monthly.
STAFF RECOMMENDATION:
That the Board of Directors ratify and authorize disbursements in the amount of $2,834,527.98.
February 14, 2008
CHECK NUMBERS
48106 $ 0.00
48215 TO 48327 $ 461,023.15
WIRES:
W-012808
ACWA-HBA
$
72,170.39
W-012808A
ACWA-EAP
$
240.69
W-13108
OCWD
$
54,440.40
W-013108A
OCWD
$
1,768,162.80
W-21108
BANK OF AMERICA
$
134.60
W-021408
MWDOC
$
260.306.51
$
2,155,455.39
TOTAL OF CHECKS AND WIRES:
PAYROLL NO. 2:
CHECK NUMBERS:
$2,616,478.54
3732 TO 3751 $ 218,049.44
TOTAL: $2,834,527.98
APPROVED BY THE BOARD OF DIRECTORS MINUTE ORDER AT BOARD
MEETING OF FEBRUARY 14, 2008
TOTAL DISBURSEMENTS ARE DISTRIBUTED TO THE FUND ACCOUNTS
AS FOLLOWS:
WATER $2,803,739.78 SEWER $
ID # 1 $ 6,402.00 ID # 2 $
TOTAL: $2,834,527.98
24,386.20
0.00
Yorba Linda Water DistrictCHECK REGISTER
FOR CHECKS DATED 01-25-08 THRU 02-14-08
Check. Check... Posting. Vendor Name Check.....
No Date Date Amount
48225
02-14
-08
02
-14-08
A-1 FENCE
675.00
48226
02-14
-08
02
-14-08
ABIGAIL ABBOTT STAFFING SVC
2,716.60
48215
02-14
-08
02
-14-08
ACTION ENVIRONMENTAL
996.42
48227
02-14
-08
02
-14-08
ACTION WHOLESALE PRODUCTS, INC
38.88
012808
01-28
-08
01
-28-08
ACWA-HBA
72,170.39
12808A
01-28
-08
01
-28-08
ACWA-H9A
240.69
48228
02-14
-08
02
-14-08
ACWA/JPIA
50.00
48229
02-14
-08
02
-14-08
ADVANCED INFRASTRUCTURE
2,429.53
48230
02-14
-08
02
-14-08
ALAIN JAMAR DESIGN
1,293.00
48231
02-14
-08
02
-14-08
ALEXANDER HAMILTON INSTITUTE
86.88
48216
02-14
-08
02
-14-08
AMERICAN ASPHALT
672.66
48232
02-14
-08
02
-14-08
ANAHEIM WHEEL & TIRE
45.00
48233
02-14
-08
02
-14-08
ANSWER ONE COMMUNICATIONS
307.56
48234
02-14
-08
02
-14-08
AQUA-METRIC SALES CO.
222,520.69
48235
02-14
-08
02
-14-08
ARROW TRUCK BODIES
5,710.75
48236
02-14
-08
02
-14-08
ARROWHEAD
12.69
48237
02-14
-08
02
-14-08
ARTISTIC MAINTENANCE, INC
614.50
48238
02-14
-08
02
-14-08
ASSOCIATED LABORATORIES
6,367.80
48239
02-14
-08
02
-14-08
AT&T
45.13
48240
02-14
-08
02
-14-08
AT&T/MCI
4,273.87
48241
02-14
-08
02
-14-08
ATWOOD SALES
215.50
48242
02-14-08
02-14-08
AUTO GLASS TECH
576.56
48243
02-14
-08
02-14-08
AUTOMATED OFFICE PRODUCTS
232.18
48244
02-14
-08
02
-14-08
AWWA
173.00
48245
02-14
-08
02
-14-08
B & M LAWN & GARDEN
94.85
W21108
02-11-08
02
-11-08
BANK OF AMERICA
134.60
48246
02-14
-08
02-
14-08
BEVERLY MEZA
2,530.21
48247
02-14
-08
02-
14-08
BILCO CO.
1,926.99
48248
02-14
-08
02-
14-08
BNI BUILDING NEWS
11.64
48249
02-14
-08
02-
14-08
BRUCE SCOTT ABBE
60.00
48250
02-14
-08
02-
14-08
C & L REFRIGERATION CORP.
707.41
48251
02-14
-08
02-
14-08
C WELLS PIPELINE MATERIALS
207.96
48252
02-14
-08
02-
14-08
CADET UNIFORM SERVICE
1,164.89
48217
02-14
-08
02-
14-08
CASSIE NOE
11.96
48253
02-14
-08
02-
14-08
CHARLES E. ANDERSON
2,600.00
Yorba Linda Water DistrictCHECK REGISTER
FOR CHECKS DATED 01-25-08 THRU 02-14-08
Check. Check... Posting. Vendor Name Check.....
No Date Date Amount
48218
02-14
-08
02-14-08
CHERYL PERANICH
2.88
48254
02-14
-08
02-14-08
CITY OF ANAHEIM
437.72
48255
02-14
-08
02-14-08
CITY OF PLACENTIA
5,204.99
48256
02-14
-08
02-14-08
COASTLINE EQUIPMENT
3,082.13
48257
02-14
-08
02-14-08
CSUF UNIVERSITY EXTENDED EDU
615.00
48258
02-14
-08
02-14-08
CULLIGAN
2,858.68
48259
02-14
-08
02-14-08
CYNTHIA MEDIA
151.82
48260
02-14
-08
02-14-08
D. R. CRISKE TRUCKING
323.25
48261
02-14
-08
02-14-08
D.RENEE CHRISTENSEN INC
425.00
48262
02-14
-08
02-14-08
DAPPER TIRE CO. INC.
1,132.35
48263
02-14
-08
02-14-08
DOSE, INC.
6,714.00
48264
02-14
-08
02-14-08
DELL MARKETING L.P.
599.09
48265
02-14
-08
02-14-08
DICK'S LOCK & SAFE INC.
2,618.57
48266
02-14
-08
02-14-08
DLT SOLUTIONS, INC.
1,428.02
48267
02-14
-08
02-14-08
DSR COMPANY
1,021.40
48219
02-14
-08
02-14-08
FRANK LUCERO
21.39
48268
02-14
-08
02-14-08
FREDDIE OJEDA
88.26
48269
02-14
-08
02-14-08
FRY'S ELECTRONICS
233.53
48270
02-14
-08
02-14-08
GRIFFITH AIR TOOL, INC.
37.71
48271
02-14
-08
02-14-08
HAAKER EQUIPMENT CO.
318.57
48272
02-14-
08
02-14-08
HASCO OIL COMPANY
596.94
48273
02-14-
08
02-14-08
INFOSEND
1,756.78
48274
02-14
-08
02-14-08
INTERIORS BY JANI-TRESS
3,964.51
48275
02-14-
08
02-14-08
IWATER, INC
4,310.00
48276
02-14
-08
02-14-08
JIM NELSON
624.19
48277
02-14-
08
02-14-08
JOHN DECRISCIO
650.00
48278
02-14-
08
02-14-08
JOHN DEERE LANDSCAPES
28.44
48220
02-14-
08
02-14-08
KAREN VALLADON
8.01
48279
02-14-
08
02-14-08
LIEBERT CASSIDY WHITMORE
2,742.00
48280
02-14
-08
02-14-08
LLOYD PEST CONTROL
63.00
48281
02-14-
08
02-14-08
LOMA VISTA NURSERY
74.89
48282
02-14-
08
02-14-08
MINUTEMAN PRESS
1,112.20
48283
02-14-
08
02-14-08
MUNICIPAL WATER DISTRICT
448.50
021408
02-14-
08
02-14-08
MUNICIPAL WATER DISTRICT
260,306.51
48284
02-14
-08
02-14-08
NCO RECEIVABLES MANAGEMENT
100.00
Yorba Linda Water DistrictCHECK REGISTER
FOR CHECKS DATED 01-25-08 THRU 02-14-08
Check.
Check
Posting.
Vendor Name
Check.....
No
Date
Date
Amount
48285
02-14
-08
02-
14-08
NEXTEL COMMUNICATIONS
1,743.11
48286
02-14
-08
02-
14-08
NICIOLAS A SIOKAS
65.00
48287
02-14
-08
02-
14-08
NICKEY PETROLEUM CO
9,741.89
48288
02-14
-08
02-
14-08
NORMAN A TRAUB ASSOCIATES
2,568.95
48289
02-14
-08
02-
14-08
OFFICE SOLUTIONS
1,405.08
48290
02-14
-08
02-
14-08
ORANGE COUNTY - SANITATION
588.83
48291
02-14
-08
02-
14-08
ORANGE COUNTY - SANITATION DST
588.83
48292
02-14
-08
02-
14-08
ORANGE COUNTY WATER ASSN.-DUES
70.00
013108
01-31
-08
01-
31-08
ORANGE COUNTY WATER DISTRICT
54,440.40
13108A
01-31
-08
01-
31-08
ORANGE COUNTY WATER DISTRICT 1,
768,162.80
48293
02-14
-08
02-
14-08
PACIFIC TEK
721.93
48294
02-14
-08
02-
14-08
PRAXAIR DISTRIBUTION
92.56
48295
02-14
-08
02-
14-08
R J SERVICES, INC
2,595.39
48296
02-14
-08
02-
14-08
RBF CONSULTING
12,804.00
48297
02-14
-08
02-
14-08
RICARDO DE ANDA
2,353.69
48298
02-14
-08
02-
14-08
RICK WALKEMEYER
90.00
48299
02-14
-08
02-
14-08
ROOTX
4,342.75
48221
02-14
-08
02-
14-08
ROSEEN BUILDERS INC
697.18
48300
02-14
-08
02-
14-08
SACRAMENTO ADVOCATES
6,000.00
48301
02-14
-08
02-14-08
SAFETY-KLEEN CORP.
283.55
48302
02-14
-08
02-14-08
SC FUELS
2,029.11
48303
02-14
-08
02-
14-08
SCOTT W. MOULTON
4,856.25
48304
02-14
-08
02-
14-08
SECURITY SOLUTIONS
325.00
48305
02-14
-08
02-
14-08
SEVERN TRENT SERVICES
843.99
48306
02-14
-08
02-
14-08
SIEMENS WATER
313.98
48307
02-14
-08
02-14-08
SIMPSON GMC
71.72
48308
02-14
-08
02-
14-08
SOUTHERN CALIF EDISON CO.
51,322.15
48309
02-14
-08
02-
14-08
SOUTHERN CALIF GAS CO.
23,565.13
48310
02-14
-08
02-
14-08
SOUTHERN COUNTIES
3,704.35
48311
02-14
-08
02-
14-08
SOUTHWEST NETWORKS INC.
3,236.25
48312
02-14
-08
02-
14-08
STACY BAVOL/PETTY CASH
370.09
48313
02-14
-08
02-
14-08
STATE CHEMICAL MANUFACTURING
421.62
48314
02-14
-08
02-
14-08
STATER BROS. MARKETS
29.52
48315
02-14
-08
02-
14-08
STEFANO'S GOLDEN BAKED HAMS
749.13
48222
02-14
-08
02-
14-08
STEVEN HARMS
793.18
Yorba Linda Water DistrictCHECK REGISTER
FOR CHECKS DATED 01-25-08 THRU 02-14-08
Check. Check... Posting. Vendor Name Check.....
No Date Date Amount
48316
02-14-08
02
-14
-08
STRADLING,YOCCA,CARLSON&RAUTH
360.00
48106
01-10-08
02
-05
-08
TECHNICAL PRODUCTS CORPORATION
-1,276.84
48223
02-14-08
02
-14
-08
TERRY ULVEN
728.46
48317
02-14-08
02
-14
-08
TONY RAPER
132.77
48318
02-14-08
02
-14
-08
TOWNSEND PUBLIC AFFAIRS, INC.
5,240.00
48319
02-14-08
02
-14
-08
TRAFFIC CONTROL SERVICE, INC
206.46
48320
02-14-08
02
-14
-08
UNITED INDUSTRIES
736.60
48321
02-14-08
02
-14
-08
UNITED RENTALS - ANAHEIM
448.46
48322
02-14-08
02
-14
-08
VALVERDE CONSTRUCTION, INC.
891.74
48323
02-14-08
02
-14
-08
VERIZON WIRELESS
363.87
48324
02-14-08
02-14
-08
VILLAGE NURSERIES
126.07
48325
02-14-08
02-14
-08
VISION SERVICE PLAN
1,757.90
48326
02-14-08
02-14
-08
WELLS SUPPLY CO
8,584.81
48224
02-14-08
02-14
-08
WILLIAM SHAFFER
8.01
48327
02-14-08
02
-14
-08
YORBA LINDA AUTO PARTS
166.70
2,616,478.54
ITEM NO. 3
AGENDA REPORT
d, P,('G'CC) aY THE WAHU Ot U n' f ` V
Board Meeting Date: February 14, 2008
lb J
To: Board of Directors
From: Michael A. Payne, General Manager
Staff Contact: Ken Vecchiarelli, Assistant General Manager
Hank Samaripa, Project Engineer
Reviewed by General Counsel: N/A Budgeted: Yes Total Budget: $ 8.OM
Funding Source: Water Revenue Bond
CEQA Account No: 101-2700 Job No: 200313
Compliance: Mitigated Neg. Dec. Estimated Costs: $ 77M Dept: Eng
Subject: Construction of the New District Administration Building
SUMMARY:
On January 25, 2007, the Board of Directors authorized the award of a construction contract for
the District's new administration building to J.E. Grant General Contractors (Grant) of Carlsbad.
A Notice to Proceed was issued effective March 19, 2007. The location for the new building
was chosen to take advantage of property currently owned by the District and to facilitate a
centralized approach to District operations in placing all departments on the same campus. The
District also hired a construction management firm C3 to observe construction activities and
coordinate inspection efforts along with the District's architect Gillis and Associates.
DISCUSSION:
In accordance with the construction documents for the new administration building, J.E. Grant
General Contractors has submitted a request for Progress Payment No. 11 in the net amount of
$559,759.65 for the period ending January 31, 2008. During this period, Grant completed 80%
of site lighting, 95% of site concrete, 84% of stonework, 60% interior painting, 94% of flashing
and sheet metal, 85% of wood windows and art glass, 80% of acoustical ceiling work, 92% of
HVAC equipment installation and 31 % of the electrical fixtures.
The status of the construction contract with Grant General Contractors is as follows:
• The current contract is $6,705,364.00 and 360 calendar days starting March 19, 2007.
• If approved Progress Payment No. 11 is $621,955.17 (9.3% of the total contract
amount), less 10% retention of $62,195.52 for a net payment of $559,759.65.
• Total payments to date including retention are $5,576,929.15 (83.2% of the total
contract amount).
• As of January 31, 2008, 318 calendar days were used (88.3% of the contract duration).
Staff and C3, the District's construction manager for the project, reviewed the contractor's
progress payment request and recommend approval. A copy of Progress Payment No. 11 is
attached for your reference.
I
The Board of Directors approved the sale of $10.2M in revenue bonds for two key projects in
2003, of which $3.2M was allocated for the Administration Building and $7.OM was allocated for
the Highland Reservoir Replacement. With approval of the construction budget on January 25,
2007, the Board authorized a transfer from the annexation fund for up to $5M to fund the
balance of this project.
PRIOR RELEVANT BOARD ACTION(S):
On January 25, 2007, the Board of Directors authorized the award of a construction contract to
J.E. Grant General Contractors for the construction of the District's new administration building
at the Richfield site. The Board has approved nine progress payments to date, the latest of
which, Progress Payment No. 10, was approved on January 10, 2008.
STAFF RECOMMENDATION:
Approve Progress Payment No. 11 in the net amount of $559,759.65 to J.E. Grant General
Contractors for construction of the New Administration Building, Job No. 200313.
III
YORBA LINDA WATER DISTRICT PROGRESS PAY REPORT
PROJECT Phase III Administration Building PROGRESS PAY REQUEST NO. 11
LOCATION Placentia PROJECT NO. J-0313 PAGE 1 OF 1 PAGES
CONTRACTOR J.E. Grant General Contractors DATE February 5, 2008
I
ORIGINAL CONTRACT AMOUNT: $ 6,445,828
AUTHORIZED CHANGE ORDERS: $ 259,536
E
•
LREVISED CONTRACT AMOUNT: $ 6,705,364
PROGRESS PAY ESTIMATE FOR PERIOD
VALUE OF WORK COMPLETED
CHANGE ORDER WORK COMPLETED
TOTAL VALUE OF WORK COMPLETED
LESS RETENTION 10%
LESS OTHER DEDUCTIONS
AMOUNT DUE THIS ESTIMATE
LESS AMOUNT PREVIOUSLY PAID
BALANCE DUE THIS ESTIMATE
NOTICE TO PROCEED
COMPLETION TIME
APPROVED TIME EXTENSIONS
TOTAL CONTRACT TIME
TIME EXPENDED TO DATE
TIME REMAINING
January 1, 2008
PREVIOUS
Is 4,686,828.69 1 $
1 $ 268,145.29 1 $
$ 4,954,973.981$
March 19, 2007
360 CALENDAR DAYS
0 CALENDAR DAYS
360 CALENDAR DAYS
318 CALENDAR DAYS
42 CALENDAR DAYS
TO January 31, 2008
THIS MONTH
TO DATE
596,699.94 1 $
5,283,528.63 1
25,255.231 $
293,400.52
621,955171 $
5,576,929.15
$
557,692.92
I
$
1
$
5,019,236.23
1 $
4,459,476.58 1
1 $
559,759.65
REQUESTED BY. J4 2L DATE
Peter "'rows, J.E. Grant - QQNTRACTOR
APPROVED BY ~ DATE
S m Sampson, c3 Qon Rant OWNER'S REPRESENTATIVE
APPROVED BY:'ll i~✓ ~C~ ~G~-~x-t DATE: ✓
Kenneth R. Vecchiarelli, YLWD-OWNER
ITEM NO. T
AGENDA REPORT
WPROVED BY THE BOARD OF DIRECTORS
Board Meeting Date: February 14, 2008 OF THE YORBA LINDA WATER DISTRICT
To: Board of Directors ' 1 2C, t
From: Michael A. Payne, General Manager ~9 Y
Staff Contact: Ken Vecchiarelli, Assistant General Manager
Reviewed by General Counsel: No Budgeted: Yes Total Budget: $ 545
Funding Source: Water Operating Fund
CEQA Account No: 141830 Job No:
Compliance: N/A Estimated Costs: $ 500 Dept: Bus
Subject: Annual Board of Director's tour of District facilities
SUMMARY:
The purpose of this tour is to provide the members of the Board of Directors with the
latest information and status of various District projects underway and projects slated for
future construction.
DISCUSSION:
The tour will begin at the Richfield Plant. Sites proposed to visit are: GWRS spreading basin,
proposed well sites, Highland Reservoir, Lakeview Reservoir, Lakeview Booster Station,
Fairmont Reservoir, Palm Booster Station, East Lake - Twin Peaks area, Elk Mountain
Reservoir and the Hidden Hills area. The tour is expected to take approximately two hours.
PRIOR RELEVANT BOARD ACTION(S):
The Board of Directors tours the District facilities each year.
STAFF RECOMMENDATION:
That the Board of Directors set a date and time for the tour.
4
~',l 44,
ll:i
1
BY -
Yorba Linda Water District
Account #18611500
Performance Summary Report
For the period ende
d:
Re4y rting Period:
Month-to- Quarter to
Date Date YTD
Yorba Linda Water District
0.39% 1.21% 5.09%
Investment Portfolio
Lipper Institutional Money
0.41% 1.25% 5.26%
Market Fund Index
6.00%
-
5.00% ■ YLWD
■ Lipper Inst. MM Fund Index
4.00%
3.00%
2.00%
1.00%
~_-----f
0.00%,
Month-to-Date
Uuartei to Date
ITEM NO. ~'S
December 31, 2007
Annualized
Return Since
Inception*
4.88%
5.04%
Annualized Since
Inception
* - Inception date for purposes of performance calculation: 11/1/05
Returns are net of Wells Capital Management fees.
YTD
WFLLS CAPITAL MANAGFMI:NT
Mir
INVESTMENT OUTLOOK HIGHLIGHTS
January/February 2008
* The economy continues to sag under "body blows -front high fuel costs, a more threatening housing slump and
a worsening credit "squeeze. " However, numerous "shock absorbers" still make a "saucer-shaped" cycle--featuring
modest growth of about I %-1'12% through mid year and a modest recovery by early 2009-more likely than a deep and
prolonged slump.
* A proposed, $150 billion fiscal-stimulus package more likely would mitigate a prolonged slowdown than
prevent one, while increasing the odds of a pickup of activity, later this year. High-cost housing markets could benefit
most from a temporary increase in mortgage-loan amounts qualifying for Fannie Mae and Freddie Mac financing frwn
the current $417,000 to 125% of an area's median home price, tip to a ceiling ofjust under $730,000.
* The Federal Reserve's bold, inter-meeting cut of three-quarters of a percentage point in the Fed funds target
rate on January 22, to 3.5%, was meant to counter "disorderly" market conditions threatening to aggravate the credit
squeeze and deepen the economic slowdown materially. Heightened market volatility increases the odds that "rapid fire"
interest-rate cuts to counter a slowing econonty will leave the Fed funds target rate at about 2'12% by the summer.
--Monetary "easing" by the Federal Reserve will help cushion the economic slowdown directly, by lowering
borrowing costs on short-term and adjustable-rate loans and indirectly, by "steepening" the yield curve, boosting banks'
net interest margins and underpinning profitability needed to restore industry capital and to alleviate the credit squeeze.
* Though profits ofnon-financial firms may have held up well in the fourth quarter, this year's growth there and
in the financial services sector likely will fall well short of the double-digit consensus forecast. Earnings of "defensive"
consumer staples, health care and utilities likely will hold up best in the face of an economic slowdown, if the past is any
guide, pointing toward a rotation by investors to those sectors as the economy continues to weaken.
* The S&P 500 price-earnings (PIE) multiple of little more than 13 times projected earnings in late January
would climb to an above-average, 16.8 multiple with a more recession-like, 10% decline in corporate profits for this year.
The good news for stocks is that relative valuations, compared to bonds, still would be attractive at that higher multiple
because of the unusually low yields on those securities.
--However, relatively "cheap " valuations likely will do more to support a rally, once earnings recover, than to
prevent a setback as corporate profits weaken with the economic .slowdown.
*Dollar-denominated returns on international stocks could face "head winds " this year that were largely avoided
in 2007, from slower economic and earnings growth abroad and from a bottoming of the dollar's exchange rate against
currencies in other advanced economies.
* Investors in the bond market's taxable, investment-grade sector may be inclined to "tip toe" out along the risk
curve in search of higher interest income by rotating into so-called agency securities, or by opting for other yield-oriented
substitutes for bonds, such as preferred stocks, or even REITs and high-quality, dividend-oriented stocks. Others may, be
attracted to relatively "cheap, " high-quality municipal securities. So-called "yield-curve" strategy (the distribution of
investments to achieve a targeted "duration') continues to offer attractive opportunities to enhance returns materially, as
well.
Gary Schlossberg January 25, 2008
Wells Capital Management (WellsCap) is a registered investment adviser and a wholly owned subsidiary of Wells Fargo Bank, N.A. WellsCap
provides investment management services for a variety of institutions. The views expressed are those of the author at the time of writing and are
subject to change. This material has been distributer) for educational purposes only, and should not be considered as investment advice or a
reconunendation for any particular security, strategy or investment product. The material is based upon information we consider reliable, but its
accuracy and completeness cannot be guaranteed. Past performance is not a guarantee of future returns. As with any investment vehicle, there is a
potential for profit as well as the possibility of loss. For additional information on Wells Capital Management and its advisory services, please view
our web site at wnww.welAcan. com, or refer to our Form ADV Part II, which is available upon request by calling 415.396.8000.
APPROVED BY THE BOARD OF MECTM
OF THE YORBA LINDA WATER DISTRICT
ti !-~3 Y 4
ITEM NO. 8, e
°YY K V MINUTES OF THE
YORBA LINDA WATER DISTRICT
PUBLIC INFORMATION - TECHNOLOGY COMMITTEE MEETING
February 5, 2008
A meeting of the Yorba Linda Water District Public Information-Technology
Committee was called to order by Committee Chair Ric Collett at 4:00 p.m. The
meeting was held at the District Administration Office at 4622 Plumosa Drive,
Yorba Linda.
COMMITTEE MEMBERS PRESENT: STAFF PRESENT:
Director Ric Collett, Chair Michael A. Payne, General Manager
Director Michael J. Beverage Pat Grady, IT Manager
Cindy Mejia, Administrative Assist.
Pamela Pietras, Administrative Assist.
INTRODUCTION OF VISITORS AND PUBLIC COMMENTS:
None.
ACTION ITEMS:
1. Consider New District Logo. Cindy Mejia presented the seven logos that Alain
Jamar Designs originally submitted. From this, the Committee members and
staff decided that three designs were the top choices, with additional revisions
needed on these three. Director Beverage suggested a special meeting of the
committee to discuss the logo at length with Alain Jamar Designs available for
questions. The date was set as Wednesday, February 13, 2008.
DISCUSSION ITEMS:
2. Status report on District Information activities. Cindy Mejia presented a list of
activities she attended for the month of January 2008, including the North
Orange County Legislative Alliance reception on January 25, 2008. Mike
Payne stated that the February version of the WaterLines newsletter would be
developed soon and that the 2007 Consumer Confidence Report was on
schedule to be mailed out in July. Cindy Mejia then gave an update on the
progress of the District Video and requested that the Committee approve a
sum of $500 to be donated to OCWD's Children's Water Education Festival,
which they did.
3. Tech II/ Programming Position update. Pat Grady informed the Committee
that the new individual for the position is due to begin work the first week of
March.
4. Lobby Discussion. Pat Grady informed the Committee that he and Cindy
Mejia were working on an interactive aspect for the design of the new
Administration Building Lobby.
5. Employee ID/ Access Card System. Pat Grady informed the Committee that
new Employee IDs and Access Cards were being designed by Cindy Mejia
and would soon be available to the Board as well as the employees.
6. GIS Update. Pat Grady gave the Committee an update on where we are as
far as water and sewer as-built scans. He concluded we are on schedule for
full completion in August.
7. Telemetry Update. Pat Grady gave the Committee an update of the Telemetry
process.
8. IT General Update. Pat Grady informed the Committee that the IT Master
Plan should be completed as of the next PI Committee Meeting and that IT
and Finance were working together on looking at new utility billing/ financial
software.
ADJOURNMENT:
The meeting adjourned at 5:30 p.m. The next meeting of the Public Information-
Technology Committee is scheduled for March 4, 2008.
ITEM NO.
PA!)'.I "i? E 9 ARD Of MECTORS
MINUTES OF THE )FTHE"ORBAUNCAWATER DISTRICT
YORBA LINDA WATER DISTRICT
BUILDING AD HOC COMMITTEE ~~3 G~
January 31, 2008, 4:00 P.M.
A meeting of the Yorba Linda Water District Building Ad Hoc Committee-Was ca e 16--
order by John Summerfield at 4:00 pm. The meeting was held at District's Emergency
Operations Center, 913 Richfield Road, Placentia, CA.
DIRECTORS PRESENT STAFF PRESENT:
Michael J. Beverage Michael Payne, General Manager
John W. Summerfield Ken Vecchiarelli, Ass't General Manager
Hank Samaripa, Project Engineer
Cindy Mejia, Administration
DISCUSSION ITEMS:
1. The Committee discussed several options for the main lobby public information
display wall.
2. Reviewed the revised front landscape design with synthetic sod.
3. Discussed move team coordination that is on-going until move-in.
4. Discussed construction progress to date and final OCFA occupancy permit
requirements. March 28, 2008 is still the contractor's estimated completion date.
5. Reviewed future change order request from Grant Construction and overall project
cost impact.
INFORMATION ITEMS:
6. Miraloma/Richfield Street improvement bids were received by the City of Placentia
with the low bid at $358,360, well under the engineer's estimate of $579,000.
ADJOURNMENT:
The committee adjourned at 5:30pm. The next Building Ad Hoc Committee meeting is
scheduled for February 21, 4:00 p.m. at 913 South Richfield Road, Placentia.
l_