12/14/1976 - Packet TIGARD WATER DISTRICT 131341 S. W. COMMERCIAL ST.
TIGARD, OREGON 97223
PHONE (503) 639-1554
December 14 , 1976
AGENDA
CALL TO ORDER
1. RESOLUTION TO APPROVE MINUTES OF LAST
MEETING
2 . VISITORS
3. RESOLUTION TO PAY VOUCHERS
4. RESOLUTION TO SET UP INVESTMENT ACCOUNTS
IN THE LOCAL GOVERNMENT INVESTMENT POOL
(STATE OF OREGON) AND TO AUTHORIZE THE
ADMINISTRATOR AND/OR BOOKKEEPER TO TRANS-
FER FUNDS BETWEEN THE POOL AND LOCAL BANKS
5. RESOLUTION TO APPROVE PROPOSED LETTER TO
OREGON STATE HEALTH DIVISION REGARDING
FUTURE USE AND CONTROL OF THE BULL RUN
WATER SUPPLY
6 . RESOLUTION TO APPROVE THE AMENDMENTS TO
THE BY-LAWS OF TRI-COUNTY WATER DISTRICTS
ASSOCIATION
7. OTHER BUSINESS
ADJOURNMENT
Nrr
ADMINISTRATOR'S REPORT
1. Resolution to approve minutes of last meeting, as
.4•1" written.
2. Visitors.
3. Resolution to pay vouchers.
4 . Resolution to set up investment accounts in the Local
Government Investment Pool (State of Oregon) and to author-
ize the Administrator and/or Bookkeeper to transfer funds
between the pool and local banks .
The attached document dated July 15, 1976 and prepared
by James A. Redden, State Treasurer, describes the invest-
ment pool. It appears to be the best method, by far, to
obtain the maximum return on an investment. Bankers and
bond brokers have recommended the program. Banks are pres-
ently paying 6. 0% interest on 1-year Time Certificates of
Deposit (TCD' s) . More and more governmental agencies are
+r.y utilizing the investment pool as a convenient and profit-
able method to save on a daily basis .
It is proposed to open two accounts , as follows:
a. Bond Sinking Fund
b. Bond Construction Fund
When the Bond Construction Fund is depleted in December,
1977, the General Fund can assume that account in the invest-
ment pool.
-1-
was.
ADMINISTRATOR'S REPORT (Continued)
5. Resolution to approve proposed letter to Oregon
State Health Division regarding future use and control
of the Bull Run water supply.
The Oregon State Health Division has requested comments
on their report about control and management of the Bull Run
Reserve. The entire document contains a review of the
Forest Service' s Draft Environmental Statement. The issue
of control of the watershed as it affects the Portland Metro-
politan Area is addressed in a 3-page addendum, copies of
which are enclosed.
This is a very important document and one that could
have far-reaching impact upon eventual control of the Bull
Run watershed.
It is recommended that a strong position be taken sup-
porting a regional authority to govern and control the Bull
Run watershed. A letter has been prepared for the Chairman's
signature.
6. Resolution to approve the amendments to the By-laws of
Tri-County Water Districts Association.
Avor
Three amendments have been proposed by the committee.
The primary objective of the amendments is to elect directors
for two year terms versus one year.
Approval is recommended.
-2-
ADMINISTRATOR' S REPORT (Continued)
7. Other business.
Bond Issue Interest Rate:
During preparation of the prospectus there was some
doubt as to when the best date would be to go to market
with the bonds. On November 9 , 1976 the water district
accepted the offer of U. S. National Bank to purchase
$1. 9 million in General Obligation bonds at an effective
interest rate of 5. 48336%
A review of recent events and past bond sales reveals
that the district did not fair as badly as initially be-
lieved. The Municipal Newsletter dated November 8 , 1976
(copy enclosed) depicts a graph of bond interest rates for
the past few months. The graph shows that interest rates
were higher in July, August, and September, and slightly
lower in October.
Interest rates of comparable G.O. bond issues recently
sold are listed as follows:
Interest
Amount Date Rate
Wolf Creek Highway W.D. $1. 2 million 18Apr1976 5. 6645%
Wasco Cty Sch. Dist. $2 . 075 mil . 9Sep1876 5. 4280%
Umatilla Sch. Dist. $1. 975 mil. 14Sep1976 6. 0577%
Holcomb-Outlook W.D. $0. 150 mil. llOctl976 5. 5480%
Winston-Dillard W.D. $0. 995 mil. 20Oct1976 5 . 5600%
In view of the present bond market it would have been
better to have waited longer before going to market. How-
ever, who has the crystal ball?
-3-
ADMINISTRATOR'S REPORT (Continued)
"irw
8. Water pumped from wells, Calendar Year 1976.
Month Actual *Actual Allocation/Month
1976 Cubic Feet Acre-Feet Acre-Feet
Jan 3 , 131, 250 71. 9 88
Feb 2, 948, 530 67. 7 88
Mar 3, 212, 670 73. 7 88
Apr 3, 119, 030 71. 6 88
May 3,114, 860 71. 5 88
Jun 3, 013 , 940 69. 2 88
Jul 3, 136, 340 72. 0 88
Aug 3,166, 930 72. 7 88
Sep 3, 043, 140 69 . 9 88
Oct 3, 094, 830 71. 0 88
Nov 2 , 950, 740 67. 7 88
'4411w, TOTAL:
(11 Months) 33 , 932, 260 779. 0 968
12-month projection: 850. 0 1, 056
*1-acre-foot = 43, 560 cubic feet
Actually pumped in prior years :
CY 1970: 1, 616 acre-feet
CY 1971: 1,418 acre-feet
CY 1972 : 1, 501 acre-feet
CY 1973: 1,269 acre-feet
CY 1974 : 924 acre-feet
CY 1975: 930 acre-feet
"rrw
-4-
ADMINISTRATOR' S REPORT (Continued)
Now
9 . Percentage of Bull Run water purchased for computing
amount due for Systems Development Charge.
Month Well Lake Oswego Portland Total %
& Year Cu. Ft. Cu. Ft. Cu. Ft. Cu. Ft. Bull Run
Oct 1976 3, 094 , 830 4, 778 , 000 -0- 7 , 872, 830 0. 00000%
Nov 1976 2 , 950,740 4 , 582, 000 300 7 , 533 , 040 0. 00398%
TOTAL: 6, 045, 570 9, 360, 000 300 15,405, 870 0. 00195%
or about 1/5 of 1/100 of 1%
Amount consumed last year: 2% Bull Run
10. Unmetered Water.
Pumped Purchased Total Sold Loss
Month & Cu. Ft. Cu. Ft. Cu. Ft. Cu. Ft. Cu. Ft. Loss
Year x 1000 x 1000 x 1000 x 1000 x 1000 %
Nov 1976 2 , 951 *4 , 582 (L.0. ) 7, 533 7 , 423 110 1. 5%
-0- (Port)
Cumulative Total:
FY 1976-77 :
(5 months)
15, 392 31,456** 46, 848 46 ,522 326 0. 7%
* 60. 8 % of water consumed during November 1976 was
purchased from Lake Oswego.
** 67. 1% of water consumed during FY 1976-77 (5 months)
was purchased from either Lake Oswego or Portland.
Summary of Past Years:
Water
Fiscal Year Lake Oswego Portland Losses
1972-73 --- --- 18. 3%
1973-74 52% --- 11. 1%
__ 1974-75 59% 1% 16. 2%
1975-76 59% 2% 7 . 4%
-5-
ADMINISTRATOR'S REPORT (Continued)
,, 11. Work accomplished during November 1976
a. TWD installed 102 copper services for SUMMERFIELD,
Platt 8. (single family dwellings) .
b. Dale Construction Company installed 1300 feet of
6" D. I . + 3 fire hydrants along S. W. Brentwood Place for
SUMMERFIELD, Phase IV, for Tualatin Development Company,
Inc. (Developers) . TWD installed 49 copper services for
townhouses to be constructed.
c. Dale Construction Company installed 710 feet of
6" D.I. pipe + 3 fire hydrants along S. W. King Arthur
Court, near Beef Bend Road, for a multi-unit development
of 62 units (7 buildings) called: "KING CITY TERRACE #2" ,
for Tualatin Development Company, Inc. (Developers) .
TWD installed 2" galvanized services to the 7 buildings .
d. Cornell Construction Company installed 1, 000 feet
of 8" D. I . pipe and 300 feet of 6" D. I. pipe + 2 fire hy-
drants along S. W. 113th Place, south of Tigard Street,
for a development called "MUTTLEY ADDITION" consisting of
26 single family dwellings for Mr. Herbert Morrissette.
(Developers) . TWD installed copper services.
`"r"' e. Richard L. Martin, Inc. , continued construction
on 10-MG reservoir. He completed pouring concrete wall
footings. Walls will be constructed next month.
f. TWD installed 30 meters (4901 - 4872) . District
also serves 41 meters in Metzger Water District. Total :
4942 .
12 . Work to be accomplished during remainder of FY 1976-7 .
December 1976:
a. TWD install 550 feet of 12" D. I. pipe + 1 fire
hydrant along S. W. 135th Avenue, Fern Street to #3 reser-
voir, to provide adequate pressure south of Fern Street.
Also, install 500 feet of 6" D. I . pipe + 1 fire hydrant
along Fern Street, westerly, to provide adequate pressure.
b. TWD install anti-surge and pressure-reducing valve
with manifold in concrete vault at S . W. 132nd Street pump
station.
440, c. Private contractor install submersible deep well
pump at #1 reservoir site.
-6-
ADMINISTRATOR'S REPORT (Continued)
January 1977 :
a. TWD install fire hydrants at following locations:
(1) Easement (Penrose) and Mt. View Lane.
(2) 72nd and Landmark Lane. (Georgia-Pacific)
(3) 125th and Karen Street.
(4) Tigard and Summercrest Street.
February 1977 :
a. Private contractor install 540 feet of 8" D. I .
pipe + 2 fire hydrants along S . W. Scholls Ferry Road,
east of 121st Avenue, to serve multi-family complex of
6 buildings (53 units) . (Developers) . (For Randall
Construction Company) .
b. TWD install 400 feet of 12" D. I . + 1 fire hydrant
along S. W. Pacific Highway, Canterbury Lane to Gaarde
Street (west side) to complete a circulation loop.
c. TWD install 400 feet of 12" D. I . pipe + 1 fire
hydrant along S. W. 72nd Avenue to Kable Street.
March 1977:
a. TWD install 1400 feet of 12" D. I . and 1300 feet
of 6" D.I . pipe + 3 fire hydrants along S. W. 103rd Avenue,
Inez to MacDonald Street, to replace 6" O.D. steel pipe and
parallel for pressure system.
April and May 1976 :
a. TWD install 4500 feet of 16" D. I . pipe along S . W.
MacDonald Street, Hall to Pacific Highway, to strengthen
the district' s capability to receive more Clackamas River
water.
June 1976 :
a. TWD assist private contractor in making bores
under railroad tracks and Pacific Highway as follows :
(1) Pacific Highway at MacDonald St.
(36" bore for 24" D. I . pipe)
(20" bore for 12" D. I . pipe)
(2) Tiedeman Street, between North Dakota
°— and Tigard Avenue: 2 sets of RR tracks :
(36" bore for 24" D. I . pipe) .
(3) 72nd Avenue, north and south of Kable St:
2 sets of RR tracks :
(20" bore for 12" D. I. pipe)
b. TWD install 200 feet of 6" D. I. and 200 feet of
PVC in 36" steel casing (along with 16" D. I. ) under two
sets of RR tracks on Bonita Road, between 74th and General
Chain Bar Company.
-7-
REQUIREMENTS OF $1. 9 MILLION
GENERAL OBLIGATION BOND ISSUE
err
1. Administration
a. Attorney Fees (Estimate) $9 ,000
b. Printing of Bonds (Estimate) 1,000
Total: $10 , 000
2 . Interest Payment
a. Interest due 1 Jan 1977
(Estimate) $9 ,000
Total: 9 , 000
Total Expenditures: $19 , 000
3. Income from bond issue
y`"" a. Interest from bonds : Jan - Dec
1977 (Estimate) $19 , 000
Acquisition of Land Budgeted: $50, 000
1. Purchased land at S. W. 125th and Bull
Mountain Road: Mrs. Elsa Ames $50 ,040
Major Transmission Mains Budgeted: $350 , 000
1. Installed: July to 7 December 1976 : $29,379
2. To be installed: FY 1977-78:
JULY 1977 a. 10 -MG reservoir to 121st and
Gaarde: 2 , 000 ' of 36" D. I .
@ $80/ft (incl. 24" drain line) . $160, 000
AUG & b. 121st and Gaarde to Pac Hwy:
SEP 1977 3900 ' of 24" D. I . @ $50/ft 160 , 621
(General Fund) (34 , 379)
3800' of 12" D. I . @ $10/ft
(General Fund) (38 , 000)
Total: $350, 000
BC-1
Requirements of $1. 9 million bond issue (Continued)
Construction of reservoir, 10-MG Budgeted: $1, 200 , 000
Akilw
1. Disposal Site:
a. 24" culvert & gravel (WO 3718) $ 4 , 658
b. 48" culvert & gravel (WO 3678) 11 , 066
c. Landscaping 700
16, 424
Less : Profit on fir trees : -4, 706
Total: $ 11,718
2 . Excavation of reservoir site:
a. Removal of trees $ 752
b. F and F Dozing 65, 522
c. Fencing 7 ,413
Total: 73 , 687
3. Reservoir construction:
a. Washington County (Permits) $ 2 ,162
b. Professional Fees (Engr) 267
c. Advertising bids, sign, etc 199
d. Drain tile & gravel (WO 3758) 3, 994
e. 36" pipe + fittings (WO 3822) 25,473
f. Richard L. Martin 79 ,302
Total: 111, 397
TOTAL: 196 , 802
4. To be paid when completed:
DEC 1976-OCT 1977a. Richard L Martin (reservoir) . . . . $905,000
AUG 1977 b. Control vault 40 , 000
OCT 1977 c. Backfill and landscape 20, 000
OCT 1977 d. Street and fence 10 , 000
NOV 1977 e. Miscellaneous: Telemetry, alt.
control valves, PRV, etc 28 ,198
Total: 1,003 ,198
TOTAL: $1,200 ,000
low
BC-2
Requirements of $1. 9 million bond issue (Continued)
Pipe Replacements Budgeted: $ 300, 000
Nov
1. Installed: July to 7 December 1976 : $ 10, 062
2 . To be Installed: FY 1976-77 :
DEC 1976 a. Fern St. , 135th to the west
1100 ' of 12"D. I. @ $15/ft $16 , 500
900 ' of 6" D. I . @ $8/ft 7 ,200
DEC 1976 b. 135th, #3 reservoir to Fern St.
550 ' of 12" D.I . @ $15/ft 8 , 250
FEB 1977 c. PacHwy, Canterbury to Gaarde St
400 ' of 12" D.I . @ $15/ft 6 , 000
FEB 1977 d. 72nd Avenue, south to Kable St.
400 ' of 12" D. I. @ $15/ft 6 , 000
MAR 1977 e. 103rd Ave. , Inez to MacDonald St.
1400 ' of 12" D. I . @ $15/ft 21,000
1300 ' of 6" D. I . @ $8/ft 10, 400
APRIL & f. MacDonald St. , Hall to PacHwy. .
MAY 1977 4500 ' of 16" D. I . @ $30/ft 135, 000
JUNE 1977 g. Bonita Road, 74th to General
Chain Bar Co. :
`'""" 400 ' of 6" D. I . @ $8/ft 3 ,200
JUNE 1977 h. Bores under PacHwy & RR tracks :
PacHway at MacDonald:
120 ' of 36" casing @ $70/ft8 ,400
120 ' of 20" casing @ $50/ft6, 000
Tiedeman and North Dakota:
100 ' of 36" casing @ $70/ft7, 000
72nd Avenue, near Kable St;
120 ' of 20" casing @ $50/ft6 , 000
Total : FY 1976-77 : 240 , 950
3. To be Installed: FY 1977-78:
JULY 1977 a. #2 reservoir to Gaarde St.
600 ' of 12" D.I . @ $15/ft 9, 000
600 ' of 8" D. I . @ $10/ft 6, 000
AUG 1977 b. Pac Hwy, Gaarde to Watkins
1600 ' of 12" D. I . @ $15/ft 24 ,000
SEP 1977 c. North Dakota, near Tiedeman
44110. (Fanno Creek) 200 ' of 12" @$30/ft 6 , 000
d. Miscellaneous 3 , 988
Total : FY 1977-78 : 48 , 988
4. To be Installed: FY 1978-79 :
JUL 1978 a. 135th and Fern to 132nd St.
2, 260 ' of 12" D. I . @ $15/ft. . . . (33, 900)
(General Fund)
AUG 1978 b. Sunrise Lane and Bull Mt Road (90, 000)
(From General Fund) Total : FY1978-9 : (123 ,900)
BC-3 $300 , 000
00pa ,, INSURANCE SERVICES OFFICE
z O
OF OREGON
L. t 1, .�
' 721 S.W. OAK STREET, PORTLAND, OREGON 97205 �. '
E9 0 TELEPHONE (603) 226-2651
H. E. MAROUELING. MANAGER
f
December 1, 1976 i .
Mr. Russ Washburn, Fire Chief TO, l_;', t::
TUALATIN RURAL FIRE PROTECTION DISTRICT
Post Office Box 286
Tualatin OR 97062
Dear Rutis:
Our present schedule Is to begin tnt4pect ion of your dlftt rlc t the week of
December 27th. We realize this may be a difficult time to find officials
but we plan to work in whatever area of inspection is possible . Our usual
approach is to devote the first inspection time to water systems so we
can work with who ever is available. It would be helpful if you can inform
personnel of each water system of our schedule.
Mr. John Waring will be devoting much of his time to this work and will be
assisted by Dan Locey and Al Nisbet at times.
We received the interesting report from Bob Santee. Some of this projected
program will be incorporated in our grading if construction has been started
Ntiftw at the time of our inspection.
Very truly yours,
INSURANCE SERVICES OFFICE
I
•
D. F. Wagner, Supervisor
Public Protection Department
dfw:y
7
ADDENDUM
Bull Run Planning Unit
November 5, 1976
The issue of control as it affects the Portland Metropolitan Area is
addressed in this addendum. As stated in the review of the Dr. ft
441ftle Environmental Statement, the original purpose for establishing the Bull
Run was to provide high quality domestic water for Portland's eople.
This is clearly attested to by the original documents that led to its
establishment. But most people did not envision the manner in which
the major cities of the nation would be gradually surrounded b' the
political boundaries of other governmental units effectively s ifling
major growth potential for the city.
At present, the Portland Metropolitan Area includes more than ' 0 major
political entities and the Portland Water Bureau sells water tc 32 subur-
ban communities and water districts. In numbers of people, this means
that the Portland Water Bureau (Bull Run) provides water for 3'+0,000
people within the City of Portland and 300,000 people outside he City.
The Water Bureau is a monopoly run by the City of Portland for the benefit
of Portland which is not always to the liking of those suburban areas
that it serves. The lack of control by non-City of Portland users,
means that prices and availability of water is substantially controlled
by a governmental unit in which they have no direct representation.
The above is being reflected in actions taken by metropolitan area
communities and the result is a fragmentation of the original purpose
for establishing the Bull Run. If the Health Division were to rank the
major sources of water in the Portland Metropolitan Area, they would be
ranked as follows:
° (1) Bull Run Watershed -- Substantially superior to any other source.
At present, it has no treatment other than chlorination. The
Federal Safe Drinking Water Act may require filtration in the
future but this remains to be determined.
(2) Groundwater -- Quantity is limited in most areas and may be
limited in all areas. Shallow groundwater is frequently of
questionable quality. Deep groundwater (several hundred feet
and more) may be a desirable supplementary source but it is
expensive, and the total quantity available is unknown.
(3) Clackamas River -- Good quality as long as full treatment is
provided and upstream development does not expand materially.
(4) Columbia River -- Water above Troutdale is of good quality when
full treatment is provided. Quality deteriorates downstream of
Troutdale as effluents from communities, industries and eventually
the Willamette, enter the river.
(5) Willamette River -- Poor quality as the affluents and runoff from
the extensively developed Willamette Valley all ends up in the
river. The Division has encouraged people to spend more to go
to a better source. This has occurred in the case of Lake Oswego.
NNW
faIMMIINF
ADDENDUM
Bull Run Planning Unit
Page Two
November 5, 1976
(6) Tualatin River -- The upper Tualatin (above Forest Grove) is of
fair quality and requires full treatment. The lower Tualatin is
unusable.
S,. Some years ago the Clackamas Water District ( 15,000 people) , the Oak
Lodge Water District (20,000 people) , and the City of Gladstone obtained
their domestic water from the City of Portland. They now obtain their
domestic water from the Clackamas River. Also, much of the area served
by the City of Milwaukie obtained its water from the Bull Run. Milwaukie
now obtains its water from wells and is supplemented by Clackamas River
Water. Lake Oswego used to be intertied to the City of Portland. Lake
Oswego now obtains its water from the Clackamas River. As noted above,
Lake Oswego turned down a proposal to use Willamette River water and
spent more to develop a source on the Clackamas.
Recently the following actions have occurred:
(] ) Tigard Water District proposed a little over a year ago to go to
the Willamette River at Wilsonville. Tigard serves about 15,000
people and obtains about 69% of its water from Lake Oswego, about
29% from wells and 2% from the City of Portland. The Division has
asked for further study on the proposal.
(2) Wolf Creek Highway Water District serves 70,000 people and obtains
virtually all of its water from the City of Portland. Wolf Creek
has commissioned a study of alternate sources. Among those being
considered are the Willamette River both above and below Portland,
the upper Tualatin, development of the McKay Creek Watershed and
continuance with purchasing water from the City of Portland.
*we (3) The City of Beaverton presentlyserves 22 000
people and obtains
85% of its water from the City of Portland. The City is studying
several alternate sources and has indicated that they will take any
alternative to Portland that appears practical.
(4) Rockwood Water District has already completed a predesign report for
a water treatment plant on the Columbia River below the primary
sewage treatment plant for the City of Troutdale. Rockwood presently
serves about 40,000 people and obtains all of its water from the
City of Portland. Under Alternate 2 of the report, they would
include Parkrose, Hazelwood and Richland Water Districts for a
present total population of about 80,000. Under Alternate 3, they
would add Gilbert, Powell Valley and Fairview for a total population
of about 120,000. These additioral systems do not obtain all their
water from the City of Portland but the mv.jor portion does come from
the Bull Run. The economic study indicates that Alternate 2 is pre-
ferred and the cost of production compares favorably with City of
Portland rates.
•
`*rr+
ADDENDUM
Bull Run Planning Unit
Page Three
November 5, 1976
(5) The City of Gresham serves about 20,000 people and obtains all of
its water from the City of Portland. Gresham las just completed a
source study that contemplates a full treatment plant on the Clackamas
or on the Columbia above Troutdale by 1980. WElls would be drilled
and used for the interim period. Either proposal is cost competitive
with Portland rates and provides local control.
In summary, there are at least 180,000 people presently served by Bull Run
water and up to as many as 250,000 people that are seriously considering
and studying sources inferior to the Bull Run source. Some of these source:
are considerably inferior and others are of value for a limited time only.
All of this is being done to help assure the cities involved that they will
be able to control their own water supply; or if forced to purchase from the
City of Portland, they will have some representation or largaininq power.
Probably other systems presently serving about 50,000 people or more, are
similarly affected.
Good safe drinking water is critically important to the people of any com-
munity. Failure to speak out against the above fragmentation would be
dereliction of the Division's reponsibility to guard the health and welfare
of the people of the Portland Metropolitan Area. The fragmentation is also
in direct contradiction of CRAG's water plan for the metropolitan area
which anticipates everything east of Aloha in Washington County should
receive their domestic water from the Bull Run. This concept is also sup-
ported by every engineering study of the area known to the Di'-ision.
In summary, a determination must be made of who shall benefit from the
Bull Run. The people of the City of Portland or the people o the entire
Metropolitan Area. The Division believes that it is reasonab e to ask
that a resource of exceptional quality be provided full protection and be
used for the optimum benefit of the maximum number of people.
If you have any questions, please contact us.
•
Sir,
Copy of letter dated November 5, 1976, with enclosures to Mt. food
National Forest, Bull Run Planning Unit, was sent to each of tie
following:
CITY
Mayor and Commissioners:
City of Portland
City of Gresham
City of Beaverton
City of Sandy
League of Oregon Cities
Water Districts and Companies:
Barber Water Company
Barwell Park Water District
Baseline Water District
Beaverton, City of
Bedford Park Mutual Water Company
Burlington Water District
Capitol Highway Water District
Clackamas Water District
Community Water Company
Darlington Water District
East 72nd Street Water Company
Gilbert Water District
GNR Water Company
Green Valley Water Company
Gresham, City of
Hazelwood Water District
Hideaway Hills Water Company
• Lorna Water Company
Lusted Water District
Menlo Park Water District
`%✓ Metzger Water District
Palatine Hill Water District
Parkrose Water District
Pleasant Home Water District
Portland Water Bureau
Powell Valley Road Water District
Raleigh Water District
Richland Water District
Rockwood Water District •
Rose City Water District
Russellville Water District
Sandy, City of
Stanley Water District
Sylvan Water District
Tigard Water District
Tri-County Water Association
Valley View Water District
West Slope Water District
Wichita Water District
Wolf Creek Highway Water District
List (Continued) -2-
COUNTY
Association of Oregon Counties
Clackamas County Commissioners
14414, Clackamas County Planning Department
Columbia Region Association of Governments
Hood River County Commissioners
Hood River Planning Department
Mid-Columbia Economic Developmeit District
Multnomah County Commission
Multnomah County Division of Planning and Development
Washington County Commissioners
Washington County Planning Department
STATE
Department of Environmental Quality
Department of Fish and Wildlife
Local Government Relations Division
(For Distribution to all State Agencies)
Richard A. Davis
FEDERAL
Environmental Protection Agency
Subcommittee on Public Lands - U.S. House of Representatives
Oregon Congressional Delegation:
Senator Mark Hatfield
Senator Robert Packwood
*iire Representative Lee AuCoin, First District
Representative Robert Duncan, Third District
Representative Al Ullman, Second District
Representative James Weaver, Fourth District
PRIVATE
Citizen Groups and Individuals:
Carl Green
Bull Run Interest Group
League of Women Voters
Multnomah County Medical Society
Oregon Environmental Council
Public Health Commission
dialionhAMMIA
TIGARD WATER DISTRICT P541 S. W. COMMERCIAL ST.
TI3ARD, OREGON 97223
PHONE (503) 639-1554
December 14, 1976
Nosy
Richard E. Hatchard, Chief
Office of Protective Health Services
Department of Human Resources
Health Division
1400 S. W. 5th Avenue Re: W - Bull Run 'reserve
Portland, Oregon 97201 City of Portland
Dear Mr. Hatchard:
Receipt is acknowledged of the Health Division ' s
review of the Forest Service's Draft Envi ronmenta ' t-.ate-
ment on control and management of the Bull Run Wa! ershecl.
We appreciate the opportunity to comment on that ')ortion
of the report pertaining to control of the Bull Rin Water-
shed. (Addendum dated November 5, 1976) .
It is the unanimous opinion of the Board of Commis-
sioners that the addendum, as written, was long overdue
and accurately describes the existing relationships between
the City of Portland and a majority of the out-of-city users
of Bull Run water. We concur, wholeheartedly, with the con-
tents of the report and the conclusions contained therein.
'�✓ We agree that the Bull Run water is for everyone in
the metropolitan area and not for the selected few within
the incorporated limits of the City of Portland. We also
agree that this was the intent of Congress in establishing
the Bull Run Reserve in 1892.
We would strongly suggest the formation of a regional
authority, such as the Metropolitan Service District, to
control all water resources in the •Portland Metropolitan
Area. Please count on us to support such a regional body.
•
Thank you.
Sincerely,
TIGARD WATER DISTRICT
Clarence F. Nicoli
Chairman
Board of Commissioners
•
P
4
iRESOLUTION
BE IT AND THE SAME IS HEREBY RESOLVED, that the
Articles of Association and By-Laws of Tri-County Water
District Association be amended as follows :
Sow
•
ARTICLE III Section 2 (a) is amended to read:
" (a) (Annual) Biennial meeting. The (annual) biennial meeting 4
of the members for the purpose of electing directors shall be
held on the fourth Monday of October of each even-numbered year
and shall be held at such time and place on that day ns the
directorF,.. may decide. "
ARTICLE IV Section 2
"During June of each even-numbered year the Board of ]Directors
shall appoint from the commissioners of the members a nominating
committee of five persons who shall nominate persons i.o serve
as dire :tors for the (coming) following two years commencing
• with the date of the biennial membership meeting. (and) A list
of such nominees shall be sent to each member not later than the
following October 1st. Further nominations may be made from the
floor at the (annual) biennial October membership meeting.
Each director shall be elected at the (annual) biennial meeting
of members for a term of (one year) two years or until his
qualified successor has been elected. (The office of) A director
may be (terminated) removed from office upon a majority vote
sow of the members at a special meeting called for that purpose. "
ARTICLE IV Section 3
The (annual) biennial meeting of the directors shall be held
immediately following the biennial (annual) membership meeting
at which the directors shall select from their number a
President, Secretary and Treasurer.
BALLOT
TRI-COUNTY WATER DISTRICTS ASSOCIATION
:::1 Yes We approve the Ammendments
No We do not approve the Ammendments
Comments ----
Mail to: Mac Walker, Secretary
• c/o Richland Water District'
14151 N.E. San Rafael Street
Portland, Oregon 97230
Nikw
phone 253-9555
i 1 Alimicipal Newsletter
November 8, 1976
The Bond Buyer's Index this week stands at 6.34%, up only one basis point from last week. The
lative stability of the municipal market during the past month will be severely tested during
`rlie next month as the market is faced with the heaviest supply of new and secondary offerings
in its history.
The good availability of investment funds will help absorb the new supply, but it is likely
there will be some upward correction in tax exempt rates. The expectations of changes in the
municipal market during 1977 are clouded by the inability yet to predict how inflationary the
new Administration's fiscal policies may be.
BOND BUYER'S INDEX OF MUNICIPAL INTEREST RATES
7.75 _11 1 1 III III 1 1 1 1 III III 1 1 1 1 III III 1 1 1 1 1 1 1 III 1 1 1 1 III 1 1 1 1 1 1 1 Ill 1 1 1 1_ 7.75
7.50 - 7.50
7.25 : Cstril 11\14%A , _
7.25
7.00+ _- 7.00
\\41
6.75 ok 6.75
6.50 'I ^ 6.50
_
- X26-. - — . . ^_�. 6-25
WEEKLY BASIS -
6.00 1 1 1 1 1 1 1 1 1 1stril I S_l. I I I 1 J„1 I I I ,�, 1 1 1 1 1 I I I 1 1 ( 1 1 1 1 1 1 1 1 1 1 1 1 .J__I 111 I. 1 1 IL 6.00
JUL AUG SEP OCT NOV DEC JAN FES MAR APR MAY JUN JUL AUG SEP OCT NOV DEC
7.50 _I 1 1 1 1 IIIII IIIII IIIII 1 I I 11 IIIII I I I ' I 1 1 1 I I I ' I - I I I i i _j 7.50
7.00 %.4,0\ .
k- ;:°°
6.50 S.50
6.00 'E.00
i -
5.50 5,50
Nij\t\
., ./V.1 -
5.00T 5.00
MONTHLY BASIS
4.50 -I I I 11 IIIlltill ) 11111 1 1 1 1 1 1 1 1 1 1 1 I I I 1 ) 1 1 1 1.1 1 1 1 1 1 1 1 1 1 1 4.50
DJFMAMJJASONDJFMAMJJA $ ONDJFMAMJ JASONDJFMAMJ JASOND'JFMAM. JASOND
1972 I 1973 I 1974 I 1975 I 1976
An Information Bulletin of our MUNICIPAL CONSULTING DEPARTMENT—
a part of our full range of municipal financing consulting services.
R.O.Yeasting,Vice-Pres.—Manager
Municipal Consulting Department
THE STATEMENTS CONTAINED HEREIN.ALTHOUGH OBTAINED FROM RELIABLE SOURCES.ARE NOT GUARANTEED BY US.
Nap-
LOCAL GOVERNMENT INVESTMENT POOL
ftwe
TOLL- FREE NUMBER Prepared By :
1 -800-452-0345 JAMES A . REDDEN ,
STATE TREASURER
July 15 , 1976
OREGON ' S LOCAL GOVERNMENT INVESTMENT POOL
Oregon ' s Local Government Investment Pool was conceived at a meeting
of County Treasurers in the fall of 19.72 , when someone asked State
Treasurer Jim Redden : "How can we invest in the same things your
office does?" That question was answered in the 1972 Legislative
Session with the passage of enabling legislation (ORS 294. 805) which
was sponsored by the State Treasurer .
Briefly , the Act directs the State Treasurer , as Chief Investment
Officer for the State , to invest monies of Local Government units
who choose to pool their monies for the purpose of investment . In
addition , the Treasurer may make long-term investments on behalf
of municipalities or municipal corporations separately from the
Pool . The Act also authorized the formation of a Local Government
Investment Board which advises the State Treasurer and the Oregon
Investment Council regarding management of the Investment Pool .
The Board consists of five members : The State Treasurer , one
public member and three finance officers of Local Government
`- units. The public member is appointed by the Treasurer and the
three other members are appointed by the Governor upon recommendation
by the Association of Oregon Counties , the League of Oregon Cities
and the Oregon School Board Association , respectively . Members
serve four-year terms .
In late 1973 , an Ad Hoc Committee was appointed by State Treasurer
Jim Redden to determine exactly what services the Pool should provide
and how, within the law, the Pool would operate. This Committee was
composed of bankers and Local Government finance officials .
Following their discussions and completion of computerization of
investment accounting in the State Treasury Department , the Pool
became operative in November of 1974. The Pool has grown steadily
and now has over 200 participants . The Pool exceeded $300 million
at the end of its first year and currently is about $260 million
in size.
There are in excess of 1 ,600 Local Government units within the State
of Oregon . The amount of funds available for investment on a daily
basis by the aggregate of these units is staggering , as is the amount
that is not efficiently invested .
.
TRANSMITTAL OF FUNDS
LOCAL
GOVERN ENT
11‘
LOCAL
BANK
M
CORRESPONDENT
,.4.0, PAYMENT HANK RECEIPT
A A A
V I
1✓
LOCAL GOVERNMENT
INVESTMENT POOL
INVESTMENTS
Now
Although we do not have exact figures on average daily balances
held in demand accounts or in very low yield investments , we can
guess that these balances were very large prior to the availability
of the Pool . One guesstimate indicates that there was in excess
of $ 100 million in idle cash that could have been invested by
Local Governments .
The Pool is a readily available investment for any amount of funds
for any length of time. The only requirement is that the amount
of money invested and the length of the investment in the Pool
should simply be economic; for instance , a $5 , 000 investment for
three days will cost the Pool more to process than the return
would be more reasonable , as would be a $ 1 ,000 ,000 over-night
investment .
The transfer of funds to the Pool involves almost no loss of time .
We can make all transfers from any bank in the State by correspondent
bank transfer . If the Local Government unit directs its bank to
transfer funds to either U. S . National Bank of Oregon , First National
Bank of Oregon , the Oregon Bank or the Bank of California , all in
Portland , we can invest the funds the same day. Transfers or
Now withdrawals should be made as early as possible in the morning and
must be made no later than 10 : 30 a. m.
Later deposits or withdrawals may be refused but Local Governments
are encouraged to call as late as noon . If the Pool ' s investments
have not been completed , the deposit or withdrawal will still be
accepted.
The withdrawal of funds is simply a reverse transfer to the Local
Government unit ' s account and is effected on a same-day basis , if
needed ; however , advance notice to the Pool for sizable withdrawals
is very much appreciated and one day ' s notice for withdrawals
of $ 1 ,000 ,000 or more is required.
ACCOUNTING AND REPORTING
The accounting system is twofold : One system deals with transactions
within the Pool and the other deals with transactions to and from the
Pool with Local Governments . Within the Pool , a daily accrual method
of accounting for earnings is used . The earnings are then set aside
in an accrued earnings account for monthly credit to the Local Govern-
ment ' s principal accounts . At the same time , the Pool deducts up to
one per cent of the earnings as a fee to recover expenses . If
expenses are less than one per cent of the earnings , a correspondingly
less amount is deducted .
4r
Each month , Local Governments receive a statement that specifies
deposits , withdrawals and earnings distributed to each individual
account . If distributed earnings are not withdrawn from the
principal account , then a compounding of interest and other income
on a monthly basis results .
Portfolio gains and losses are distributed over a moving twelve-
month period. Each month is a new accounting period ; accordingly ,
the Pool takes very little interest rate risk and maintains a high
degree of liquidity .
INVESTMENTS
In order that a high degree of liquidity and proper diversification
can be maintained , certain guidelines are observed . The Pool cannot
invest in common stocks but does invest in a variety of instruments
which offer a high return with the lowest risk factors , in keeping
with prudent judgment. It is this "Prudent Man Rule" that gives
the Pool a 15-25% higher return than Local Governments can earn
investing their own funds . Local Governments in Oregon may only
invest in U. S . Government and U. S . Government Agency issues and
collateralized Certificates of Deposit (C . D. ' s) in Oregon banks .
`.r The Pool purchases Commercial Paper , negotiable C. D . ' s , Bankers '
Acceptances , Corporate Bonds with near maturities , U. S . Government
and U. S . Government Agency Debt , and some longer-term investments .
The Local Government Investment Board and the Oregon Investment
Council set the guidelines as to which of these items , and how
much of them , is prudent . Presently , the Pool may not invest
more than 10% of the assets in any given "A- 1 " rated Commercial
Paper name ; no more than 5% of the assets in any given "A-2"
rated Commercial Paper name which has been approved by the
Oregon Investment Council ; and no more than 15% of the Pool assets
may be invested in "A-2" Commercial Paper collectively .
The performance of the Pool (daily average for each month) has been :
(Please see next page)
AVERAGE DAILY EARNINGS
December 1974 9 . 5846
January 1975 9 . 0014
February 1975 7 . 9120
March 1975 7 . 8834
April 1975 7 . 1744
May 1975 6. 5976
June 1975 7 . 0204
July 1975 6 . 9979
August 1975 6. 7565
September 1975 6. 9070
October 1975 7 . 8655
November 1975 6. 5187
December 1975 6. 6672
January 1976 6 . 7121
February 1976 6 . 1944
March 1976 5 . 9271
April 1976 6. 4502
May 1976 5 . 8544
June 1976 6. 2476
.4020,
July 1976 6.2282
August 1976 6. 1560
September 1976 6 . 2220
October 1976
November 1976
December 1976
LONG-TERM INVESTMENTS
In addition to the above investments within the Pool , the enabling
Legislation made provision for accounts separate from the Pool for
Local Governments that have long-term funds to invest . This effectively
allows Local Governments to work with the Treasurer ' s office in planning
suitable long-term investments in such instruments as corporate bonds .
SETTING UP AN ACCOUNT
Before Local Governments may use the Local Government Pool , they must
obtain the consent of the governing body by resolution , ordinance or
other appropriate means . Next , they call the Pool and obtain an
account number ; then all that is needed is to wire the money to the
Pool , send a written confirmation (sample attached/please xerox your
own copies from the masters) to the Bank and a copy to the Pool , and
call the Pool to inform the Investment Officer that the money is
yoinq to be transferred or withdrawn .
`'mow
- -
wir'
NOTICE OF BANK TRANSFER OF FUNDS TO LOCAL GOVERNMENT POOL
DATE OF WIRE TRANSFER
TO : (LOCAL BANK) U. S. NATIONAL BANK OF OREGON
You are hereby authorized to charge our Account Number 036 0002 034
the sum of $ and transfer the above amount by wire
to your head office or correspondent bank in Portland for the account
of James A. Redden , State Treasurer , Local Government Pool Account .
(Check appropriate account)
LOCAL GOVERNMENT POOL ACCOUNT NUMBERS
BANK ACCOUNT NUMBER
XX U. S . NATIONAL BANK OF OREGON 300-566
FIRST NATIONAL BANK OF OREGON 650-447
THE OREGON BANK 004-008
THE BANK OF CALIFORNIA 003-067-27-9
BY :
OFFICIAL LOCAL GOVERNMENT DEPOSITOR
FOR : TIGARD WATER DISTRICT
LOCAL GOVERNMENT UNIT (ACCOUNT NAME)
4350
POOL FUND NUMBER
lxx TO CONFIRM REQUEST FOR TRANSFER MADE BY PHONE
Copies To:
Local Government Pool ( 1 )
Local Bank ( 1 )
A copy of this form must be mailed directly after phone confirmation
is made to: Local Government Pool , Room 103 State Capitol Building ,
Salem, Oregon , 97310 , Attention Mr. Richard A. Barnett .
(Toll Free Phone Number: 1-800-452-0345)
NOTE : ALL DEPOSIT REQUESTS MUST BE MADE BY PHONE AND TO YOUR BANK
"
AND THE LOCAL GOVERNMENT POOL AND THEN CONFIRMED BY MAIL . . . .
(Bond Construction Fund)
NOTICE OF WITHDRAWAL OF FUNDS FROM THE LOCAL GOVERNMENT POOL
DATE OF WITHDRAWAL
You are hereby authorized to withdraw from our Pool Account , Number
4350 , the sum of $
and transfer the above
Oregon,
amount to our local bank U. S. National Bank of/ Account Number
036 0002 034
By :
OFFICIAL LOCAL GOVERNMENT DEPOSITOR
FOR: TIGARD WATER DISTRICT
LOCAL GOVERNMENT UNIT (ACCOUNT NAME)
*we
(Toll Free Number: 1-800-452-0345)
(Bond Construction Fund)
GENERAL FUND BUDGET REPORT
ESTIMATE ESTIMATE + OVER
1975-76 1976-77 1975-76 NOVEMBER 1976-77 1975-76 WO. ACCUM. 1976-77 - UNDER
ACCOUNT ACTUAL BUDGET ACTUAL BUDGET ACTUAL ACTUAL BUDGET ACTUAL BUDGET
Beginning Working Capital 64,564 55,500 36,467 71,051 203,283 64,564 55,500 97,356 + 41,856
INCOME:
406 Meter installations 142,573 188,300 5,615 7,000 15,300 43,286 60,000 90,050 + 30,050
407 Line Extension Rebate 2,089 3,000 -0- -0- -0- 2,089 1,000 -0- - 1,000
408 Miscellaneous Income 4,873 18,000 759 1,500 40 2,785 7,500 2,269 - 5,231
412 Interest Income 178 300 -0- -0- -0- -0- 100 369 + 269
418-419 Water Sales 538,606 630,000 40,813 47,000 45,542 264,180 303,800 274,088 - 29,712
425 Penalties for Non-Pay 375 600 20 50 25 95 250 185 - 65
427 Sale of Fixed Assets 16,072 600 -0- 50 -0- -0- 250 -0- - 250
430 Developer's - 10% Overhead 13,250 24,000 2,198 2,000 116 8,360 10,000 9,240 - 760
430-1 Developer's - 8% Engineering 9,611 18,000 1,758 1,500 93 6,546 7,500 6,198 - 1,302
430-2 Developer's - Equipment 7,524 9,000 712 750 102 5,430 3,750 4,725 + 975
430-3 Developer's - Wage Reimbursement 13,127 15,000 1,335 1,250 170 10,127 6,250 7,901 + 1,651
TOTAL INCOME & WORKING CAPITAL 812,842 962,300 89,677 132,151 264,671 407,462 455,900 492,381 + 36,481
EXPENDITURES: Personal Services
500,1,2,3,4 Salaries 125,422 152,760 10,302 12,730 13,533 48,610 63,650 65,797 + 2,147
504-1 Overtime 5,455 6,840 402 570 376 2,740 2,850 2,484 - 366
505 Field Labor 22,770 29,400 1,603 2,450 2,414 13,444 12,250 11,278 - 972
506,1,2 Office Employees 16,423 19,800 - 1,370 1,650 1,836 6,833 8,250 8,436 + 186
170,070 208,800 13,677 17,400 18,159 71,627 87,000 87,995 + 995
EXPENDITURES: Material & Services
507 Blue Cross of Oregon 2,603 3,000 256 250 318 929 1,250 1,422 + 172
507-1 Dental Plan 400 1,000 -0- 84 65 -0- 412 324 - 88
508 Retirement 6,328 8,000 (242) (286) (263) 8,536 4,285 4,094 - 191
509 Social Security 9,159 9,600 591 750 834 3,645 4,050 4,535 + 485
510 State Accident Insurance Fund 7,010 8,000 -0- -0- -0- 2,039 2,000 2,671 + 671
511 State Unemployment Compensation 7,813 6,000 -0- -0- -0- 1,039 3,000 618 - 2,382
512 Advertising & Elections 751 600 -0- -0- -0- ! -0- 200 -0- - 200
514 Equipment Rentals 359 600 10 50 157 238 250 577 + 327
515 General Insurance 13,519 15,000 882 1,250 925 2,064 6,250 2,104 - 4,146
516 Miscellaneous Expenses 2,000 1,500 18 125 68 512 625 868 + 243
517 Dues & Subscriptions 602 600 105 50 380 391 300 453 + 153
518,1,2 Office Supplies & Expenses 8,587 7,200 428 600 854 3,035 3,000 3,106 + 106
519,1,2 Professional Fees 18,953 12,000 1,513 -0- 2,651 7,302 8,000 10,146 + 2,146
520 Meter Maintenance 1,642 4,200 596 350 1,192 1,258 1,750 2,261 + 511
521,1,2,3 Repairs - Lines, Pumps, etc. 7,233 4,800 453 400 423 ' 3,857 2,000 1,639 - 361
( ( (
GENERAL FUND BUDGET REPORT (Cont.)
ESTIMATE ESTIMATE + OVER
1975-76 1976-77 1975-76 NOVEMBER 1976-77 1975-76 404. ACCUM. 1976-77 - UNDER
ACCOUNT ACTUAL BUDGET ACTUAL BUDGET ACTUAL ACTUAL BUDGET ACTUAL BUDGET
522,1,2,3 Utilities 6,140 6,400 443 500 639 2,045 2,700 2,755 + 55
523 Fire Hydrant Maintenance 1,176 1,200 740 100 129 1,001 700 1,244 + 544
524 Truck & Equip. Maintenance 6,848 6,000 897 500 465 3,432 2,500 2,914 + 414
524-1 Gasoline & Oil 5,426 6,000 485 500 596 2,337 2,500 2,843 + 343
524-2 Tires & Batteries 1,058 900 559 75 56 605 375 426 + 51
525,1 Water Costs - Electricity, etc. 30,853 34,800 2,472 2,900 2,879 14,212 14,500 14,175 - 325
525-2 Water Costs - L.O. , Portland 87,817 168,500 5,461 10,200 6,619 44,763 85,300 48,015 - 37,285
526 Interest Expense 216 -0- -0- -0- -0- -0- -0- -0- -0-
527 Small Tools 512 1,200 210 100 143 1,451 500 651 + 151
529 Rain Gear, Safety Equip. , etc. 482 900 9 75 17 272 375 394 + 19
530 Employee Training 329 400 -0- 50 -0- -0- 150 144 - 6
227,816 308,400 15,886 18,623 19,147 104,963 146,972 108,379 - 38,593
EXPENDITURES: Capital Outlay
548 Fire Hydrants 3,653 3,600 -0- -0- -0- -0- 600 93 - 507
549 Equipment 55,926 60,400 3,276 8,000 15,329 52,454 25,400 25,295 - 105
550 Buildings & Additions 27,874 1,000 2,364 -0- -0- 22,653 -0- -0- -0-
551 Meter Installations 28,907 46,800 1,166 3,900 6,425 14,610 19,500 21,407 + 1,907
552 Land & Improvements 750 1,800 -0- -0- -0- 211 1,800 6,007 + 4,207
553 Operating Contingencies -0- 1,000 -0- -0- -0- -0- -0- -0- -0-
554 Line Extensions 19,804 2,800 -0- -0- -0- 15,766 -0- -0- -0-
555 Line Replacements 109,886 1,000 14,510 -0- -0- 47,780 -0- -0- -0-
246,800 118,400 21,316 11,900 21,754 f 153,474 47,300 52,802 + 5,502
700 Transfer to Bond Sinking Fund 70,800 271,200 -0- 22,600 -0- 38,600 113,000 37,594 - 75,406
Net Fund Balance 97,356 55,500 38,798 61,628 205,611 38,798 61,628 205,611 + 143,983
812,842 962,300 89,677 132,151 264,671 1 407,462 455,900 492,381 + 36,481
November 30, 1976 Inventory Balance = $ 61,494.26
BOND SINKING FUND NOVEMBER
103 Cash Balance at first of month 10,915
109 Time Deposits at first of month -0-
108 Local Government Pool at first of month -0-
INCOME:
400 Transfer-in from General Fund -0-
412 Taxes: Current 10,522
413 Delinquent 139
414 Trailer House -0-
415A Land Sales -0-
418 Interest earned from Investments -0-
419 Interest earned from Property Taxes -0-
Investments deposited -0-
10,661
EXPENDITURES:
585 Bond Principal 10,000
586 Bond Interest 914
587 Postage & Bank Fees -0-
Transfer to Government Pool 10,000
20,914
TOTAL CASH BALANCE AT END OF MONTH 662
TOTAL INVESTED MONIES AT END OF MONTH10i000-
TOTAL CASH AND INVESTMENTS AT END OF MONTH $ 10,662
TIGARD WATER DISTRICT NOVEMBER 30, 1976
WELL RECORDS:
WELL HOURS STATIC PUMPING COSTS-ELECT.
°Nur NO. OFF LEVEL LEVEL CUBIC FEET PUMPS, ETC. HOURS
1 891,260 $ 426.69 722
2 1,007,100 593.61 719
3 381,700 285.47 719
4 670,680 505.70 721
All 7 pump stations & Alarm-telemetry phones 1,067.68
2,950,740 $ 2,879.15
METER RECORDS:
Meters #4,872 through #4,901 = 30 meters sold.
BILLING DETAIL:
November $ 45,529.50
Delinquent 574.98
7,422,600 cubic feet of water billed.
f
TIGARD WATER DISTRICT November 1, through 30, 1976
SCHEDULE OF DISBURSEMENTS
GENERAL FUND
CHECK# PAYEE AMOUNT ACCOUNT
17970 State of Oregon - Employment Division 617.50 201
17971 Coast to Coast Stores 34.67 201
'No ' 17972 Goodyear Truck Tire Center 14.50 201
17973 Voided
17974 Frank's Disposal Service, Inc. 9.00 201
17975 Bureau of Water Works 204.00 201
17976 Luminite Sign Company 95.00 201
17977 Portland Typewriter 20.00 201
17978 Doug's Auto Parts 28.78 201
17979 U. S. Pipe & Foundry 28,761.91 150, 201
17980 Sears, Roebuck & Company 186.76 201
17981 Tualatin Valley Paving Company 267.84 201
17982 Knauss Chevrolet 16.77 201
17983 Alaska Steel Company 268.93 201
17984 Valley Concrete Products 390.00 201
17985 Portland Concrete Pipe Co. 10.22 201
17986 The Times Publications 73.60 125, 201
17987 Southwest Office Supply, Inc. 8.10 201
17988 Power Rents, Inc, 29.00 201
17989 Hinds Supply Company 4,682.51 201
17990 Cantel Incorporated 2.45 201
17991 Badger Meter, Inc. 774.05 201
17992 Miller Auto Service 14.50 201
17993 Kilham Stationery 3.55 201
17994 Winters STeel 120.60 201
17995 Utilities Supply Co. 25.50 201
17996 Pacific Water Works Supply Co. , Inc. 198.00 201
New 17997 Meter Box Equipment 928.90 201
17998 Pacific Stationery 54.99 201
17999 Utility Vault Company 171.00 201
18000 Shannon and Co. 44.29 201
18001 Waterworks Supplies Co. 1,024.35 201
18002 Case Power & Equipment 649.90 201
18003 L. H. Cobb Crushed Rock 2,772.00 201
18004 City of Lake Oswego 6,689.20 201
18005 Tigard Lumber & Building Supply, Inc. 90.96 201
18006 A & A Drilling Service 140.00 201
18007 Everett L. Wiggins 1,022.00 201
18008 Tigard Station Paid Men 40.00 522-3
18009 Secretarial Answering Service 25.00 518
18010 Watt Welding Supply 4.02 524
18011 Wheelock, Niehaus, Baines, Murphy & Ogilvy 2,335.00 519-1
18012 Water Metrics Co. 1,005.88 520
18013 The Hollman Co. 260.98 240
18014 Elsie W. Ames 448.06 240, (430)
18015 Nelsen Printing 76.90 518
18016 Oregon Engineering Examiners (OSBEE) 13.00 517
18017 All Metro Spray, Inc. 27.50 521-1
18018 Pitney Bowes 160.00 518-2
18019 Tom Henshaw 525.00 150
18020 Brewed Hot Coffee, Inc. 18.90 516, (529)
18021 Pipeline Products Company 61.10 150
18022 S. 0. - Western 247.24 (150) , 201
18023 Martig's Inc. 15,000.00 549
18024 Petty Cash 26.72 516, 518, 518-1, 520
18025 Willamette Fince Co. 380.00 125, 521-1
18026 General Telephone Company 419.79 522, 525-1
18027 Oliphant & Bates 925.00 515
18028 Robert E. Santee 671.77 500
18029 Nancy L. Larson 291.29 506
r
TIGARD WATER DISTRICT November 1, through 30, 1976
SCHEDULE OF DISBURSEMENTS
GENERAL FUND (cont.)
CHECK# PAYEE AMOUNT ACCOUNT
18030 Janice E. Roderick 217.38 506-1
18031 John P. Miller 594.62 502
Nir" 18032 Russell A. Thomas 431.49 501, 504-1
18033 William C. Bryant 422.86 504
18034 John C. Dixon 429.51 501-1
18035 Harold H. Kuehn 262.00 503-2
18036 Gregory M. Stroeder 334.26 503-1
18037 Robert M. Adams 300.52 503-1
18038 Michael G. McDermott 295.56 501-2
18039 Donnie R. Foster 432.23 503
18040 Randy J. Volk 459.74 503-1, 504-1
18041 Mickey L. Wilson 295.67 505
18042 Oscar Guy Williams, Jr. 284.44 504-1, 505
18043 Ervin A. Soot 300.68 505
' 18044 Richard L. Martin, Inc. 20,000.00 125
18045 National Society of Prof. Engineers 67.00 517
18046 Robert E. Santee 722.83 500
18047 Nancy L. Larson 290.31 506
18048 Janice E. Roderick 285.69 506-1
18049 John P. Miller 584.43 502
r 18050 Russell A. Thomas 392.27 501, 504-1
18051 William C. Bryant 412.07 504
1 18052 John C. Dixon 364.57 501-1
18053 Harold H. Kuehn 197.66 503-2
p 18054 Gregory M. Stroeder 318.42 503-1, 504-1
18055 Robert M. Adams 351.99 503-1, 504-1
18056 Donnie R. Foster 394.07 503
_, 18057 Randy J. Volk 357.64 503-1
18058 Mickey L. Wilson 295.75 505
18059 Guy Williams 281.33 505
18060 Ervin A. Soot 300.76 505
18061 Annie L. Schwartz 170.21 506-2
18062 Douglas E. Hardt 25.51 505
18063 Public Employees Social Security 1,667.80 211, 509
18064 U.S.N.B. Federal Deposit 2,842.30 212
18065 Dept. of Revenue - State of Oregon 1,014.00 213
18066 Blue Cross of Oregon 536.80 215, 507
18067 Washington County F C U 758.00 216
18063 Banker's Life Nebraska - Dental 125.73 217, 507-1
18069 Banker's Life Nebraska - Life 39.74 217
18070 Family Cancer Care Plan 36.20 218
18071 Oregon Mutual Savings Bank 499.50 240, (430)
18072 Walter Linder #1A-72 22.50 121 set 1
` 18073 USNB - Trust Dept. #1A-171 6.00 121 set 1
18074 Frank's Disposal Service, Inc. 9.00 522-3
18075 Northwest Natural Gas Co. 30.70 522-1
18076 Tri-County Water Districts Assoc 245.00 517
18077 Utilities Telecommunications Council 30.00 517
1 18078 Washington County Dept. of Public Works 25.00 517
18079 The Riddle Press 174.15 518
18080 Tualatin Rural Fire District 128.96 523
18081 U.S. Postal Service 300.00 518-1
18082 Petty Cash 20.42 125, 518, 518-1, 521-1
18083 Portland General Electric Co. 2,855.82 522-2, 525 /524
18084 Michael G. McDermott 295.72 501-2
$115,945.29
TIGARD WATER DISTRICT November 1, through 30, 1976
SCHEDULE OF DISBURSEMENTS
OTHER FUNDS
CHECK# PAYEE AMOUNT ACCOUNT
BOND SINKING FUND
221 U.S. National Bank - Corporate Trust $ 10,913.75 585, 586
GENERAL FUND - FNB
164 TWD - General Fund - U.S.N.B. $ 2,692.50 107
'mow`
Tigard Water District
11-76 Regular Meeting
November 9, 1976
PRESENT: Clarence F. Nicoli, Chairman
Don W. Thomas
R. Verne Wheelwright
Robert E. Santee, Administrator
John P. Miller, Foreman
Kenneth W. Baines, Attorney
VISITORS: Dennis H. Miller, The Oregon Bank
Joyce Scharbrough, 1st National Bank
Edward E. Fritz, U. S. National Bank
Clarence Bear, 12720 S. W. Prince Albert
,ftior The meeting was called to order by Chairman Nicoli
at 7: 34 p.m.
Motion was made and seconded to approve the minutes
of the last meeting, as written. Motion carried unani-
mously.
The Administrator opened and read aloud the sealed
bids for the sale of the $1. 9 million General Obligation
bond issue. Effective interest rates were as follows :
U. S. National Bank 5. 48336%
The Oregon Bank 5. 492757%
1st National Bank 5. 526%
Motion was made by Verne Wheelwright and seconded by Don
Thomas to accept the apparent low bidder, U. S. National
Bank. (Complete motion attached) . Motion carried unani-
mously.
Clarence Bear appeared before the Board to request
relief on an excessively high water bill due to an un-
detected water leak which occurred while he was out of
town. Motion was made by Don Thomas and seconded by
-1-
Minutes (Continued)
Tigard Water District
Verne Wheelwright to grant some relief by the district
absorbing one-half the loss incurred by Mr. Bear over
the normal water bill for this time of year. This
amounted to $37. 50. Motion carried unanimously.
The Administrator opened and read aloud the sealed
bids for the purchase of a 1977 Ford 3/4-ton pickup
truck. Bids were as follows :
Vic Alfonso Ford $ 5, 619 . 42
Dee Thomason Ford $ 5,746. 22
Motion was made by Verne Wheelwright and seconded by
Don Thomas to accept the apparent low bid presented by
Vic Alfonso Ford. Motion carried unanimously.
Motion was made by Verne Wheelwright and seconded
N"' by Don Thomas to annex 120 acres of land located south
of S . W. 72nd Avenue and Upper Boones Ferry Road, sub-
ject to the approval of the Boundary Review Commission.
Motion carried unanimously.
Motion was made by Verne Wheelwright and seconded
by Don Thomas to pay the vouchers. Motion carried
unanimously.
Ken Baines discussed the proposed contract with
the City of Hillsboro, Utilities Commission, on the
transfer of water rights to 2500 acre-feet of water
at Scoggins Dam.
Motion was made to adjourn at 9 : 19 p.m. Motion
carried unanimously.
RESOLUTION
WHEREAS, on Tuesday, the 9th day of November, 1976 , at
or about 7:30 P.M. , Pacific Standard Time, Administrator Robert E.
Santee reported that three bids had been duly submitted for the
District's $1,900 ,000 general obligation bond issue, and
WHEREAS, Administrator Robert E. Santee did forthwith
open and read aloud the following three bids:
1. Bid submitted by United States National Bank of
Oregon, with a net interest cost to the District of $1,212 ,005 . 83 ,
being an effective interest rate of 5.48336 percent;
2. Bid submitted by The Oregon Bank, with a net interest
cost to the District of $1,214 ,082.29 , being an effective interest
rate of 5.492757 percent;
3. Bid submitted by First National Bank of Oregon, with
an estimated net interest cost to the District of $1,221,464.36 ,
being an effective interest rate of 5.526 percent, and
WHEREAS, it being duly noted that the bid submitted by
United States National Bank of Oregon will result in the lowest
interest cost to the District, and
WHEREAS, it being moved by Verne Wheelwright and seconded
by Don Thomas that said bid be accepted,
NOW, THEREFORE, IT IS UNANIMOUSLY RESOLVED AND ADOPTED
as follows :
1. That the bid submitted by United States National
Bank of Oregon for the purchase of $1,900 ,000 general obligation
bonds of the Tigard Water District is hereby accepted, and
2. That the good faith deposit of the United States
National Bank of Oregon in the sum of $38 ,000 be deposited in the
general funds of the District and be credited on the purchase price
of the bonds, and
3. That the good faith deposits of the two unsuccessful
bidders, hereinbefore named, each in the sum of $38 ,000 , be immediately
returned to them.
MOVED BY:
Verne Wheelwright
SECONDED BY:
Don Thomas
RESOLUTION PASSED-FAILED: PASSED
/
/ <<
...,�. SIGNED: z�-�_ �t
Clarence F. Nicdli
ATTESTED TO: _.r•9tjt).
Robert E. Santee
Y
B'Nu e
X ,
UNITED STATES NATIONAL BANK OF OREGON
A Subsidiary of U.S.Bancorp
HEAD OFFICE
309 S.W. SIXTH AVENUE
P.O. BOX 4412, PORTLAND, OREGON 97208
November 9, 1976
Tigard Water District
8841 S. W. Commercial St.
Tigard, Oregon 97223
Gentlemen:
For $1 ,900,000 (One Million Nine Hundred Thousand Dollars) Tigard Water District
General Obligation Bonds, Issue 1976, to he dated December 1, 1976, to be in
denominations of $5,000 each, bearing interest payable semiannually and to
mature serially in numerical order as follows:
$ 60,000 due Jan. 1, 1978 @ % $100,000 due Jan. 1, 1988 0
65,000 due Jan. 1, 1979 @ -.7/0 105,000 due Jan. 1, 1989 @ .:.'
65,000 due Jan. 1, 1980 @ .,0 115,000 due Jan. 1, 1990 @
70,000 due Jan. 1, 1981 @ 120,000 due Jan. 1, 1991 @ ,.
75,000 due Jan. 1, 1982 @ :. 125,000 due Jan. 1, 1992 @ .`
80,000 due Jan. 1, 1983 @ 130,000 due Jan. 1, 1993 @
80,000 due Jan. 1, 1984 @ 140,000 due Jan. 1, 1994 @ .GG'
85,000 due Jan. 1, 1985 @ 75 145,000 due Jan. 1, 1995 @ ;•"
90 ,000 due Jan. 1, 1986 @ '. .'?U 155,000 due Jan. 1, 1996 @
95,000 due Jan. 1, 1987 @
providing, however, that such bonds then outstanding are subject to prior
redemption at the option of the District in inverse numerical order on January
1, 1987 or on any interest payment date thereafter, both the principal of and
the interest upon the bonds will be paid at the office of the Department of
Finance and Administration of Washington County, all in accordance with your
published notice of sale, we will pay you at the rate of . for. each
$100.00 face value, together with accrued interest to date of delivery to us
in Portland, Oregon.
On the basis of the above bid, the interest cost to the District is as follows:
s
Coupon Interest Cost
Less Premium Bid
Net Interest Cost
'`n• Effective Interest Rate •'.
POINIMM
� , t HI I 7 l.U,
JNITED '•a'H5• P.'-\HLJNAL BANK CIF CIF?( =DN
Tigard Water District November 9, 1976
This bid is made for prompt acceptance only and for as prompt delivery of
the bonds as they can be conveniently prepared and executed on or about
December 1, 1976, unless further extended by mutual agreement.
This bid is also made with the understanding that prior to our taking up
and paying for the bonds, you will provide without cost to us the opinion
of Messrs. Rankin, Samson & Gallagher of Portland, Oregon approving the
legality of said bonds and the sale thereof, which opinion will be printed
on the bonds at the expense of the District.
As evidence of good faith, we attach hereto our cashier's check #009067 dated
November 5, 1976 for $38,000.00 in favor. of Tigard Water. District upon the
understanding that if said 'bonds are awarded and delivered Co us in accordance
with this bid, said check may be applied an part payment; (iiIn rwl:;r•, to
he promptly returned to us.
Jointly submitted,
UNITED STATES NATIONAL BANK OF OREGON
BLYTH EASTMAN DILLON & CO. INC.
�rw DAIN, KALMAN & QUAIL, INC.
ATKINSON & COMPANY
�C
By ! L d
t � _�.< (
Edward E. Fritz
Vice President and Manager
Tigard Branch
United States National Bank of Oregon
Encl.
Marr
•
rinsit
Now
bank N, 0
^AL"r;. DEPAPT"J1Ei'IT
November 9, 1976
Tigard Water District
8841 S.W. Commercial St.
Tigard, Oregon 97223
Gentlemen:
For your $1 ,900,000 par amount of Tigard Water District General Obligation
Bonds, issue 1976, dated 12-1-76 and maturing 1-1-78 through 1-1-96 in-
clrr:;ivr, In denominations of $5,000 each, bcarinr, interest payable s;rrrri-
annually, both the principal of and the interest upon the bonds payable
at the office of the Dept. of Finance and Administration of Washington
County, We will pay par plus a premium of $ None for bonds to
bear the following interest rate or rates:
$60,000 due 1-1-78 @ 6.25 % $100,000 due 1-1-88 @ 5.10
$65,000 due 1-1-79 @ 6.25 % $105,000 due 1-1-89 @ 5.25
$65,000. due 1-1-80 @ 6.25 % $115,000 due 1-1-90 @ 5.40
$70,000 due 1-1-81 @ 6.25 % $120,000 due 1-1-91 @ 5.50
$75,000 due 1-1-82 @ 6.25 '/ $125,000 due 1-1-92 @ 5.60
$80,000 due 1-1-83 @ 4.40 % $130,000 due 1-1-93 @ 5.70
$80,000 due 1-1-84 @ 4.60 '/ $140,000 due 1-1-94 @ 5.70 7
$85,000 due 1-1-85 @ 4.75 % $145,000 due 1-1-95 @ 5.75
$90,000 due 1-1-86 @ 4.90 % $155,000 due 1-1-96 @ 5.75 '/
$95,000 due 1-1-87 @ 5.00
providing all bonds maturing after 1-1-87 are subject to call and
redemption in inverse order on 1-1-87 and on any interest payment
date thereafter.
S rrr
L
The following is for infoiuiation only:
Gross Interest Cost $1,214.082.29
Less Premium None
Net Interest Cost $1.214.082.29
Average Rate 5.492757
This bid is made for prompt acceptance only and for delivery and payment
for not later than 30 days from date of sale unless further extended
with our approval.
This bid is made subject to our receiving prior to the delivery of the
bond;, without cost to us, the unqualified legal opinion of Rankin,
:;;tuition ,G Callagher, Attorneys, Portland, Oregon; said legal to be
pi inti d on the bonds.
Enclosed is our cashiers check in the amount of $38,000 which is to be
returned to us if this hid is not accepted; otherwise it shall be held
as advanced part payment; or, if we fail to pick up and pay for the
bonds under the terms of this bid, it shall be forfeited to the District
as and for all liquidated damages.
`rYrr'
Respectfully submitted this 9th day of November, 1976.
The Oregon Bank
Seattle First National Bank
Foster & Marshall, Inc.
Piper, Jaffray & Hopwood, Inc.
B 1S
Y
/MAU
Tigard Branch
The Oregon Bank
7
FIRST NATIONAL BANK OF OREGON
„..?ROPOSAL FOR PURCHASE OF BONDS Dated November 9, 1976
TO
Members of the Board of Commissioners
Tigard Water District
8841 S. W. Commercial Street
Tigard, Oregon 97223
PROPOSAL FOR all but no part of Bonds Dated December 1, 1976 Denominations S 5,000.00
$1,900,000 TIGARD WATER DISTRICT,
WASHINGTON COUNTY, OREGON GENERAL
OBLIGATION BONDS, ISSUE 1976
Interest payable semi-annually, January 1 and July 1,
to maturity.
IN ACCORDANCE WITH THE TERMS OF THE OFFICIAL NOTICE INVITING RIDS, PUBLISHED 10/20/76 AND 'ATTACHED
W[ BR) A'; Ft)1 I OW; — —,—
i',u Voltie Interest Rate Maturing ftnnt 14) 1{ including
$ 190,000. 6% 1-1-78 1-1-80
575,000. 5.25% 1-1-81 1-1-87
100,000. 5.10/ 1-1-88
105,000. 5.30% 1-1-89
115,000. 5.40% 1-1-90
*kali
120,000. 5.50% 1-1-91
255,000. 5.60% 1-1-92 1-1-93
140,000. 5.70% 1-1-94
300,000. 5.757. 1-1-95 1-1-96
We will pay par and accrued interest to date of delivery,
less a discount of ESTIMATED
plus a premium of $ 0 NET INTEREST COST $ 1,221,464.36 or 5.526 %
•
Enclosed is our Good Faith check in the amount of $ 38,000.00
In the event you are unable to award the bonds to us or deliver the bonds in accordance with the terms of the bid, our check is to be re-
turned to the undersigned branch of the First National Bank of Oregon.
•Delivery to be within 30 days from date of Respectfully submitted,
sale, unless mutually extended.
FIRST NATIONAL BANK OF OREGON
This bid is made for immediate acceptance.
Delivery to be made in Portland, Oregon.
**ow AND ASSOCIATES
by First National Bank of Oregon
Tigard Branch '
/ i;
14c .i4L` ONSa (Wed
ON SALEM FREEWAY 1-5 AT HAINES ROAD EXIT • ONLY 8 MINUTES FROM DOWNTOWN PORTLAND (503) 639-1131
P. O. BOX 23247 • 12000 S.W. 66TH AVENUE • PORTLAND,OREGON 97223
November 9, 1976
fir. Robert E. Santee
Tigard Water District
8841 S.W. Commercial St.
Tigard, Oregon 97223
Dear Mr. Santee;
Thank you for the opportunity to bid on one new 1977 Ford Pick-up. This
truck would conform to your published specifications.
Your cost F.O.D. Tigard $5619.42 plus License fee (if any)
We are looking forward to doing business with you in the near future.
Vic Alfonso Ford wants to be your Car Company.
VIC , 2:NSO,_ ORD )001
New !/ )
ce c anie
Fleet Manager
DEE THOMASON FORD co.
��y�e�� } FOR D FORD SALES & SERVICE
309 South State Street • Phone 636-3691
LAKE OSWEGO, OREGON 97034
November 9, 1976
Tigard Water District
8841 S. W. Commercial St
Tigard, Oregoh, 97223
Bid:
1977 Ford F250 133" WB Styleside Pickup, 81 Box, GVW 6200#
Equiped as follows:
Body Side Moulding
Low Mount Mirrors
351 A
Extra Cooling Radiator
Cruise-0-Matic
3.73 Rear Axle
60 Amp Alternator
68 Amp Hr Battery
Gages
Ci arette Lighter
AM/FM Radio
Hi Output Heater
Power Brakes
Power Steering
Dual Tanks
Locking Gas Caps
8.00 x 16.5 E Radial BSW Tires
3 Highway Tread
2 Mud & Snow Treads
Step Rear Bumpers
Front Stabilizer Bar
Protection Group
Front Taw Hooks
Tool Stowage Box
Service & Undercoat
Rota - Beam - RB11 12 volt Lamp
Delivered Locally to your Shop:
Your Coat: $5746.22
Thank You,
JOHN W. HANNA
Truck & Fleet