HomeMy WebLinkAbout1963-05-28 Min - BoardMe
Truckee, California
May 28, 1963
The members of the Board of Directors of the Truckee Public Utility
District met in a regular meeting at the office of the District on
Main Street, at 7:15 P.M.
Upon roll callthe following Directors were noted present.
Aweeka, McIver, Kaspian .
Absent: Spillner, Greenhouse.
Also present: F. Longo, M. Midyett, Guests: Mr. Harry Reising,
Mrs. C . Edmunds
The minutes of May 14, 1963 were read and approved.
Chairman Awe ek a introduced Mr. Reising and stated the Board would
like his comments on REA. Mr, Reising explained the history of REA.
REA has loaned money to a number of districts. Truckee Public Utility
District is the first Public Utility District in California to apply
for loan. Attorney McDonough is compiling the last of the information,
which is the history of the District, to complete the loan application.
REA consists of a Loaning staff, which makes feasibility studies, and
a Legal Staff whose job is to find out if the applicant is legally
qualified to borrow money.
Mr. Reising advised the Board, Bill AB1869 had been signed by
Govenor Brown on Thursday, May 23, 1963.
The amount of loan application is $367 , 000.00 Funds applied for must
be used for a specific purpose and if not REA will asked to be re- _
imbursed for the money used for unauthorized work. REA will make
an audit only on monies outlined on loan. REA will require notes or
a form of revenue bond.
The District had a choice of three ways in which to obtain the loan.
1. vote of the people 2. Judicial Rulting 3. Bill to Legislature.
The District will not receive the full amount of loan at one time.
As money is need the District will beable to draw. The interest will
only apply to the amount drawn, not the full amount of loan.
There are two district representatives in this area, Mr. Reising
who takes care of loaning and an electrical engineer, Mr. Wm. J. Hauck,
who inspects the construction to see the job is done according to the
contract, and to make sure the money is used properly.
In the event of default a program would be worked out and money would
be put on a standby basis, with on ythe interest payable until funds
became available with which to retire principal of loan.
Director Kaspian advised Mr. Reising the District would need more
money eventually and would approach them again, Mr . Reising advised,
REA are bankers and give professional service and would be happy to
consider requests for additional monies.
Regarding the Generation and Transmission program, Manager asked
Mr. Reising if he felt at some later date that such a program could be
Minutes
May 28, 1963
continued
worked out for this area with Plumas .
Mr. Rebing felt it could.
Director Kaspian felt the Board should look the matter over a while
longer before the sub -station was built. Mr. Reis ing explained it
was imperative for the installation of the sub -station as soon as possible
to take care of the immediate need. The District has a moratorim of
three years on repayment of principal. Manager Longo advised the
prune project was the installation of sub -station of which $120, 000.00
,-- had been allocated. This includes electrical cost, installation and
cost of 1 and .
A discussion ensued regarding Topal Mill. Manager advised Sierra
Pacific wants the District to service the mill.
I
Another source of power has not been determined at this date.
Continued efforts must be made to operate a low cost source.
In the contract the District must expand its service whenever feasible
to serve electric requirements of the people.
Sierra Pacift services transmitter at Prosser Fake Heights. District
does not service this area and it vfou3dbe a simple matter for Sierra
Pacific to extend facilities* Manager Longo reported Mr. Leyton had
not made any agreement with Sierra Pacific to his knowledge . The
District would beable to operate water 44power more economically
together than if only water were serviced.
Estimated costs of water and power District facilities are $68, 000.00
All facilities would be deeded to District, Mr. Leyton is believed to
have spent around $15, 000.00 of his own money at present on this project.
The Board thanked Mr. Reis i.ng for a better understanding of REA.
Mr. Reising advised the Board he would help in any way and left the
meeting 8:25 F.M.
Mr. Vick was introduced to the Board and a discussion ensued regarding
Nevada Aerial Survey bill in the amount of $770.79. Mr. Vick stated
rumor had gotten back to him that one of the Directors had critized
the amount of the bill . Mr. Vick reminded the Board he had reduced
the bill previously by $500,00 and would not reduced bill any further.
Manager Longo explained the purpose of the survey was for the tentative
location of proposed sub -station. It was later decided the location
was not- suitable .
Director Kaspian advised Mr. Vick the Board would like a bid on
future jobs from now on., Mr. Vick agreed*
Manager _Longo asked Mr. Vick if he would give a quotation on line to
Section #3 . Mr. Vick quoted $ 2 00.00 , which would include map,
description and survey. A cross section of Freeway crossing will
r ,
also be required. -
The Board apologized to Mr. Vick for any misunderstanding there ,might
have been. Mr. Vick departed at 8:40 P.M.
The following statements of bank balances, bills paid and due were
presented to the board for approval.
662
Minutes May 28, 1963 continued
ELECTRIC DEPARTMENT
Balance in Bank
5-14-63
$ 7,372.55
Deposits to Date
5-28-63
4,, 679.53
$12,052.08
BILLS PAID TO DATE Gross
- Net
O.T.
Baltazar Viscarra-Deposit Refund
20.00
Payroll
Lawrence Best 368.60
284.78
34.20
Charles Clements 245.7 0
220.23
8.10
John Elliott 117.60
68.06
Judy Giovannoni 183,50
145,32
Manley Haltom 60.00
57.22
Charles Tramley 237.60
189.31
Printing Division Document Section 1.56
State Board of Equalization
6.68
Speedy Transport o
49.20
Buddie Carter-N.Firpo-Dep.Refund
15.00
Printing Division Document Section 1.04
1.058.40
$1, 217.00
$1, 058.40
$42.30 $100993.68
BILLS FOR BOARDS APPROVAL
Petty Cash.-Misc. Supplies
38.07
Nevada Co .Disaster Off ice-Truckd
185.00
223 * 07
$223,07
$10*770,61
OUTSTANDING BILLS
-Martin McDonough 729.32
Sierra Pacific Power Co. -April $10,914,73
It was moved by Direction Kaspian and second Director McIver the
electric bills be paid as listed. It was so carried.
WATER DEPARTMENT
Balance in Bank
5-14-63
$ 3.841.16.
Deposits to date
5-28-63
965.69
$ 4 * 806.85
B ILLS PAID TO DATE
Payroll Gross
Net
O.T.
John Elliott 128,80
122,84
Ermin Hintz 300.05
240.38
10.05
Marilyn Midyett 175.00
135.61
Patsy Tonini 48.75
37.69
David Vieu 235.00
181.83
15.00
State Board of Equalization
2.38
7 20.7 3
$887.60
$720.73
$25.05 $40086.12
B�II�q FQR BOARDS APPROVAL,
'
Petty Cash-Misc.Supplies
22.27
C .Edmunds-Dir . -Sal .April
10.00
J.McIver-Dir-Sal bApri.l
10.00
E .AweekaTD ik . -Sal .April
10.00
D .Horman-Dir .-Sal .April
- 10.00
Masonic Temple Assoc -Rent
70.00
Truckee Volunteer Fire Dept* -
Prisoners labor -Painting fire Hydrants57.50
189.77
$189.77
$3 , 896.35
OUTSTAND INB B II S,
Nevada Aerial - Survey- Ice Palace
$ 7 7 0.7 9
Minutes May 28, 1963 Cobt inued
It was moved by Director Kaspian and second by Director McIver the water
bills ..)be paid as listed. It was so carried.
At this time Manager Longo read letter from California Disaster office.
Longo advised $6 , 000.00 will go back in water fund. Board was advised
this is a grant and will not have to be repaid. The total cost of
damage was $10,000,00 to $11,000,00. This amount and an additional
$7,500.00 were requested but only $6,000.00 was granted.
�--- MANAGER'S REPORT
Manager . advised Mr. Leyton will go ahead with Prosser Lake Heights
project, . Mre Leyton is not pressing the District ,as he will not require
service until _August .
McGuire & Son submitted a bi.tl for survey on line e,Ktension to Prosser
Lake Heights in the amount of $478 , 00 .
It was moved by Director McIver and second by Director Kaspian the
District hire Straines and Son to perform the annual audit.
Confirmed cash balances to O'anuary 3.10 1963 was presented to the Board
along with . th.e Budget for 1963-1964 for Boards consideration.
It was agreed that Mr. Longo and members of the Board go to Nevada City
on May 31, 1963 to have a meeting with District.Attorney Harold Berliner
at 10:30 A.M.
Manager reported H.H.F.A. would .have a determination in a week.
There being no further business to be brought before the board the
.— meeting was adjourned at 9 : 00 P . M.
E . Aweeka, Chairman
M. Midyett, Recording Secretary-