Minutes - Board - 1995-03-30• MINUTES OF THE SPECIAL ADJOURNED MEETING
OF THE BOARD OF DIRECTORS
COSTA MESA SANITARY DISTRICT
Adjourned from March 23, 1995
March 30, 1995
Call to order: President Ferryman called the meeting to order
at 12 Noon in Conference Room 1 -A of the Costa Mesa
Civic Center.
Director Perry led the Pledge of Allegiance.
Director Reade gave the Invocation.
Roll Call: Directors present: Ferryman, Perry,
Reade, Worthington.
Directors Absent: Schafer (excused).
Staff Present: Rob Hamers, Manager /Engineer;
Alan Burns, General Counsel;
Susan Temple, Treasurer;
Flo Reichle, Assistant Manager/
Clerk of the District;
and Dawn Guastella, Assessment
• Specialist.
Topic: Mr. Hamers announced a special meeting had been
called to discuss the settlement agreement with the
County of Orange Investors Pool, now in bankruptcy.
He called upon Ms.Temple for a report.
•
Ms. Temple gave a short presentation on options A,B
& C of the settlement agreement being presented by
the Creditors Committee.
Mr. Burns commented upon his interpretation of the
of the agreement.
Mr. Hamers summarized his interpretation and recom-
mendation. He also said he had conferred with
Director Schafer, who was excused from the meeting,
and indicated her preference was Option A.
Motion: Director Perry made a motion, seconded by Director
Reade to approve Option A, execution and delivery
of ballot to be withheld until April 4, 1995.
Motion carried 4 -0.
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Special Adjourned Meeting March 30, 1995
Page 2
Motion: Director Reade made a motion, seconded by Director
Perry directing Director Ferryman or his alternate
to vote in favor of Option A at the meeting of the
Orange County Sanitation Districts 1, 6 and 7 on
April 12, 1995. Motion carried 4 -0.
Adjournment: President Ferryman adjourned the meeting at 12:57
p.m.
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President
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