HomeMy WebLinkAboutMinutes - EVWD Board of Directors - 08/20/1986EAST VALLEY WATER DISTRICT
NOTICE OF ADJOURNED BOARD MEETING
THE AUGUST 11, 1986 REGULAR MEETING OF THE BOARD OF DIRECTORS WAS
ADJOURNED TO AUGUST 20, 1986 AT 5:30 P.M., 1155 DEL ROSA AVENUE,
SAN BERNARDINO, CA.
THE PURPOSE OF THIS ADJOURNED MEETING WILL BE TO DISCUSS THE
ACQUISITION OF THE SOUTHERN CALIFORNIA WATER COMPANY'S HIGHLAND
WATER SYSTEM.
LARRY W. ROWE, SECRETARY
AFFIDAVIT OF POSTING
STATE OF CALIFORNIA )
)ss
COUNTY OF SAN BERNARDINO)
I, Larry W. Rowe, Secretary, being first duly sworn, deposes and
says:
That he is, and at all times mentioned was, the duly qualified rr
Secretary of the East Valley Water District, San Bernardino
County, San Bernardino, California; and that he caused to be
posted on or near the door of the meeting place of the Board of
Directors of said District at 1155 Del Rosa Avenue, San
Bernardino, California, a copy of Notice of Adjourned Regular
Board Meeting of the East Valley Water District.
Said posting commenced August 15, 1986 and remained posted to time
of the next regular meeting of July 14, 1986.
Larry W. Rowe
Secretary
EAST VALLEY WATER DISTRICT
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ADJOURNED REGULAR BOARD MEETING AUGUST 20, 1986
MINUTES
The adjourned regular board meeting was called to order at 5:30
p.m. by President Lightfoot. President Lightfoot also led the
flag salute.
ROLL CALL:
PRESENT: Glenn R. Lightfoot, President; Philip A. Disch,
Vice President; Directors Stoops, Johnson and
Rusher
ABSENT: None
STAFF: Larry W. Rowe, General Manager /Secretary; Donna
Spears, Treasurer; Bob Martin, Assistant District
Engineer; Sandy Shepherd, Recording Secretary
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LEGAL COUNSEL: Cynthia Ludvigsen
CONSULTANTS: Joseph Aklufi, Redwine & Sherrill Law Office
W. L. Fieldman, Fieldman, Rolapp & Assoc.
J. Jeffery Kinsell, Miller & Schroeder Financial
Bill Fawell, Miller & Schroeder Financial
Robert Krieger, Krieger & Stewart
GUESTS: Judy Scott, Highland Municipal Advisory Committee
Leo O. Donahue, Highland Municipal Advisory Comm.
Ross B. Jones, Citizen
Windsor C. Louie, Developer
Carol Strutt, Lightner Development
Gary Polakovic, Sun Telegram
Patti Gonalzes, City SB - Mayors Office
REVIEW OF PAST ACTIVITIES AND PERFORMANCE BY THE SOUTHERN
CALIFORNIA WATER COMPANY AND THE EAST VALLEY WATER DISTRICT
President Lightfoot informed the Board and audience of the
reason for the adjourned meeting.
The General Manager reviewed past activities and performance by
the Southern California Water Company and East Valley Water
District.
President Lightfoot introduced members of the professional
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consulting team: Mr. Joseph Aklufi, Redwine & Sherrill -
Attorney; Mr. W.L. Fieldman, Fieldman, Rolapp & Associates -
Financial Consultants; Mr. Robert Krieger, Krieger & Stewart -
Engineer; Mr. William J. Fawell and Mr. J. Jeffery Kinsell,
Miller & Schroeder - Bond Underwriters
COMMENTS FROM MEMBERS OF AUDIENCE
Comments from members of the audience were received. Jody Scott
of the Highland MAC offered their support to the District in the
acquisition of the Southern California Water Company Highland
system.
Carol Strutt from Lightner Development stated their reasons for
supporting the acquisition.
CONSULTING STAFF
M /S /C (Stoops- Johnson) that the District retain a
professional staff consisting of Mr. Joe Aklufi of Redwine &
Sherrill - Attorney; Mr. Bill Fieldman of Fieldman, Rolapp and
Associates - Financial Consultants; Mr. Robert Krieger of Krieger
& Stewart - Engineer; Mr. William Fawell & Mr. J. Jeffery Kinsell
of Miller & Schroeder - Bond Underwriters; Mr. Fritz Stradling of
Stradling, Yocca, Carlson & Rauth - Bond Counsel for the
acquisition of Southern California Water Company Highland water
system.
ROLL CALL:
AYES: Directors Disch, Stoops, Rusher, Johnson, Lightfoot
NOES: None
ABSENT: None
AUTHORIZATION TO TENDER OFFER TO SOUTHERN C ALIFORNIA WATER CO.
M /S /C ( Disch- Stoops) that the District's Special Counsel be
authorized to tender an offer to the Southern California Water
Company in the name of the East Valley Water District in an
amount equal to the fair market value of the system.
ROLL CALL:
AYES: Directors Disch, Stoops, Rusher, Johnson, Lightfoot
NOES: None
ABSENT: None
AUTHORIZATION TO SECURE BOND RATING
M /S /C (Rusher- Johnson) that staff be
bond rating and undertake the marketing
equal to the appraised value plus costs.
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authorized to secure a
of debt in an amount
L—
AUG. 2 1986
ROLL CALL:
AYES: Directors Disch, Stoops, Rusher, Johnson, Lightfoot
NOES: None
' ABSENT: None
PROGRESS REPORT TO BOARD ON SEPTEMBER 8TH
M /S /C ( Disch- Stoops) that staff be instructed to report back
to the Board of Directors at the regular board meeting of
September 8th regarding the status of the offer to buy.
ROLL CALL:
AYES: Directors Disch, Stoops, Rusher, Johnson, Lightfoot
NOES: None
ABSENT: None
M /S /C (Johnson- Stoops) that the meeting adjourn at 5:54 p.m.
Glenn R. Lightfoot, President
Larry W. Rowe, Secretary
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AUG. -') 1986