HomeMy WebLinkAbout2003-03-05 Min - Board REGULAR MEETING
March 5, 2003
In accordance with District Code Section 2.08.010, the TDPUD minutes are action only min-
utes All Board meetings are recorded on audio tapes which are preserved perpetually and
made available for listening to any interested party upon their request.
The regular meeting of the Board of Directors of the Truckee Donner Public Utility District was called
to order at 7:03 PM in the TDPUD Board room by President Hemig.
ROLL CALL: Directors Joe Aguera, Ron Hemig, James Maass, Patricia Sutton and Nelson Van-
Gundy were present.
EMPLOYEES PRESENT: Joe Horvath, Mary Chapman, Tammie Hoedeman, Kathy Neus, Peter
Holzmeister, Steve Hollabaugh, Neil Kaufman, Jim Wilson and Barbara Cahill.
CONSULTANTS PRESENT: Steve Gross, Sandra Mc Donald, Mike McDonald and Greg Blonde.
OTHERS PRESENT: Frank and Juanita Schneider, Joe Burns, Mike Nethersdle, Bill Quesnel and
Rene Shadforth
PUBLIC INPUT
There was no public input.
PUBLIC HEARING
A PUBLIC HEARING WILL BE HELD FOR THE PURPOSE OF RECEIVING WRITTEN AND OR
ORAL COMMENTS FROM MEMBERS OF THE PUBLIC REGARDING THE DISTRICT'S CONSID-
ERATION OF AN ORDINANCE SETTING ELECTRIC FACILITIES FEES
There was no public input.
ACTION ITEMS
CONSIDERATION OF AN ORDINANCE SETTING ELECTRIC FACILITIES FEES.
Director Maass moved and Director Aguera seconded, a motion to adopt an ordinance establishing
electric facilities fees for the purpose of financing new public electric system facilities to mitigate the
impacts of additional demands on the existing electric system caused by new development within the
District's electric service area.
ROLL CALL: All Directors, aye. SO MOVED.
CONSIDERATION OF APPROVING A POWER SUPPLY CONTRACT
Mr. Hollabaugh reported that the District received three final proposals. Due to a request of confiden-
tiality, the names of the two proposals the District staff did not accept will not be revealed. Attorney
Gross said the staff is not required to disclose the proposals publicly. If a Director wants to access this
information, a confidentiality agreement must be signed.
Director Maass moved and Director Van Gundy seconded, a motion to enter into a wholesale power
sales contract with Constellation Power Source, Inc., monthly shaped blocks with shaping, term from
April 1, 2003 through December 31, 2007 and price of$49.95 per MWH.
ROLL CALL: All Directors, aye. SO MOVED.
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CONSIDERATION OF A RESOLUTION AUTHORIZING EXECUTION AND DELIVERY OF AN
INSTALLMENT PURCHASE AGREEMENT AND A TRUST AGREEMENT AND CERTAIN OTHER
ACTIONS IN CONNECTION WITH THE ISSUANCE OF CERTIFICATES OF PARTICIPATION, SE-
RIES 2003 TO FINANCE THE SETTLEMENT OBLIGATION TO IDACORP ENERGY.
Mr. Blonde, bond counsel with Stradling Yocca Carlson & Rauth, described that this resolution adopts
the key documents that implement the Certificate of Participation: Installment Purchase Agreement,
Trust Agreement, Purchase Contract, Preliminary Official Statement and a Continuing Disclosure
Agreement.
Director Maass moved and Director Aguera seconded, a motion to adopt a resolution authorizing the
execution and delivery of an Installment Purchase Agreement and a Trust Agreement and certain
other actions in connection with the issuance of Certificates of Participation, series 2003 to finance the
Settlement Obligation to IDACORP energy.
ROLL CALL: All Directors, aye. SO MOVED.
Director Maass moved and Director Van Gundy seconded, a motion to recess the regular meeting of
the Truckee Donner PUD. ROLL CALL: All Directors, aye. SO MOVED.
The regular meeting of the Truckee Donner PUD recessed at 8:00 PM and reconvened at 8:03 PM.
ROUTINE BUSINESS
CONSIDERATION OF THE MINUTES OF FEBRUARY 19, 2003.
Director Van Gundy moved, and Director Sutton seconded, that the Board approve the minutes of
February 19, 2003, regular meeting.
ROLL CALL: All Directors aye, by voice vote. SO MOVED.
TREASURER'S REPORT
Approval of the report: Director Aguera moved, and Director Van Gundy seconded, that the Board
approve the month ended December 31, 2002 (interim report).
ROLL CALL: All Directors aye, by voice vote. SO MOVED
Approval of disbursements: Director Aguera moved, and Director Van Gundy seconded, that the
Board approve December 2002 disbursements report.
ROLL CALL: Director Sutton, no; All other Directors, aye. SO MOVED.
ADJOURNMENT
There being no further business before the Board, the meeting was adjourned at 8:05 PM.
TRUCKEE DON R PUBLIC TILITY DISTRICT
. Ro Hemig, President
Prepared by
Barbara Ca�ill, Deputy District Clerk-
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