MOORLACH UPDATE — Incoming Supervisors — November 29, 2014

I hope you’re enjoying a restful Thanksgiving weekend. Allow me to extend an invitation to a special Board of Supervisors meeting on Tuesday, December 2nd, at 11:30 a.m. Incoming Supervisor Lisa Bartlett will be sworn into office. The Orange County Breeze provides the details in the publishing of the County’s press release for the occasion.

LOOK BACKS (Also seeMOORLACH UPDATE — Homeless Shelter at Depot — November 21, 2014 and MOORLACH UPDATE — Venezia & Me — November 15, 2014):

• 2001 – Energy Crisis – I served as Chairman of the Southern California Edison Creditor’s Committee (see LOOK BACKS at MOORLACH UPDATE — OC Register — October 19, 2011, MOORLACH UPDATE — Los Angeles Daily News — October 4, 2011, MOORLACH UPDATE — VLF Theft — October 1, 2011, MOORLACH UPDATE — Seal Beach Sun — September 30, 2011, MOORLACH UPDATE — OC Register — September 24, 2011, MOORLACH UPDATE — Twin Tragedies — September 19, and MOORLACH UPDATE — OC Register — August 15, 2011).

• 2001 – FDIC vs. County of Orange – The Federal Government won this case that allowed it to avoid liens, penalties and interest charged by California County Treasurer-Tax Collectors. Orange County was the lead defendant (as is the case in numerous cases of import – without reimbursement of legal costs from Sacramento).

• 2001 – Recapture Case – Orange County Superior Court Judge John Watson would incorrectly rule that the 2 percent cost of living cap in Prop. 13 was applicable after a value reduction under Prop. 8. Orange County was the lead defendant on this case and would eventually succeed in the Appellate Court (see the LOOK BACKS at MOORLACH UPDATE — David Sundstrom — January 17, 2011, MOORLACH UPDATE — Ending Homelessness — January 27, 2012, MOORLACH UPDATE — Voice of OC — March 23, 2012, MOORLACH UPDATE — VLFAA — April 6, 2012, MOORLACH UPDATE — Steve Kight — May 1, 2012, and MOORLACH UPDATE — OCMA — December 14, 2012).

• 2001 – AB 609 (Kelley) A bill that I requested that eliminated duplications in Investment Code Sections 53601 and 53635

• 2001 – The Orange County Board of Supervisors approved 3% @ 50 for public safety employees

• 2002 – The implementation of a 50% increase in retirement benefits, retroactive to the date of hire, for public safety employees would begin my next fiscal fiasco warning about the impending public defined benefit pension plan crisis (that is now on top of us, like the city of Detroit)

• 2002 – AB 594 (Harman) A bill that I requested that would allow taxpayers to make credit card and other electronic payments of their property taxes by midnight of December 10th and April 10th. (Bolded and underlined to provide you with a gentle reminder and hint.)

• 2002 – SB 210 (Committee on Local Government) An effort I pursued to allow County Treasurers to utilize controlled disbursements

• 2002 – AB 2182 (John Campbell) I bill I authored that allowed County Treasurers to invest their local government investment pools like a money market fund under Rule 2a-7 as monitored by the Securities and Exchange Commission

• 2002 – SB 1494 (Ackerman) Required the Federal government to observe County Tax Collector liens, penalties and interest; thus offsetting FDIC vs. County of Orange (see 2001 above)

• 2003 – AB 1585 (Omnibus) A bill I requested that provided a more realistic Comprehensive Annual Financial Report (CAFR) completion deadline for County Employee Retirement Law (CERL) counties, like Orange County

• 2004 – Testified before the Orange County Board of Supervisors against the proposed defined benefit pension plan increase for general employees to “2.7 @ 55,” retroactive to the date of hire, to no avail (becoming the inspiration to eventually run for OC Supervisor)

• 2004 – Derailed merger/refinancing of two Transportation Corridor Agencies (TCA)

• 2004 – Addressed TCA’s potential use of interest-rate swaps – Had the TCA utilized this investment strategy, it would probably have had to file for Chapter 9 bankruptcy protection (a course that the County of Jefferson in Alabama pursued, due to the use of interest rate swaps)

• 2004 – GASB 45 – Other Postemployment Benefits (OPEB) would be issued, thus requiring the recognition of retiree medical unfunded actuarial accrued liabilities on the balance sheets of municipalities (CAFRs)

• 2004 – Proposition 71 – I was the opposition signatory of this proposition – Prop. 71 is now noted as the poster child of proposition abuse (see LOOK BACK at Double Dippers).

P.S. Many have asked if I will be continuing my UPDATES after I leave office. My response has been that I can. If you are interested in continuing the relationship past the conclusion of my term of office, just e-mail me and I’ll add you to my personal list.

Lisa Bartlett to be sworn in as County Supervisor on Dec. 2

A special meeting of the Orange County Board of Supervisors will convene at 11:30 a.m. on Tuesday, Dec. 2, 2014, in the Board Hearing Room to administer the Oath of Office to Supervisor-elect Lisa Bartlett.

Supervisor-elect Bartlett, who currently is mayor of Dana Point, was elected on Nov. 4, 2014, to represent the 5th Supervisorial District in south Orange County. She is taking office a month early to fill the unexpired term of Supervisor Patricia Bates, who was chosen by voters in the same election to represent the 36th state Senate District. The manner of succession was authorized by voters in the November election as an amendment to the County Charter.

Supervisor Bates will be sworn in as a new state Senator on Monday, Dec. 1, 2014. Joining her will be newly elected Senator Janet Nguyen, who has represented the 1st Supervisorial District in central Orange County. A special election will be called to choose a successor to Supervisor Nguyen.

Supervisor-elect Michelle Steel, also elected to office on Nov. 4, will be administered the Oath of Office on Jan. 5, 2015, to replace outgoing Supervisor John Moorlach to represent the 2nd Supervisorial District in west Orange County. Supervisor Bartlett also will be sworn in again at that time to her full four-year term.

The Board Hearing Room is located in the ground floor of the Hall of Administration, 333 W. Santa Ana Blvd., Building 10, Santa Ana.

The article above was released by the County of Orange.

BONUS:

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