The URL can be used to link to this page

Home My WebLink About1978-04-24 Min - Board SPECIAL MEETING APRIL 24, 1978 T Special a 1 The S Meeting of the Board of Directors of the Truckee Donner Public Utility District was called to order by the President in the District office at 4:05 P.M. ROLL CALL: Directors Huber, Kuttel , and Maass were present; Director Sutton was absent. EMPLOYEES PRESENT: Susan Craig. OTHERS PRESENT: Don Strand. FARMERS HOME ADMINISTRATION LOAN/GRANT PROJECT Consideration of supplemental letter of conditions received from Farmers Home Administration Discussion regarding the Supplemental Letter of Conditions dated April 17 1978, from the United States Department of Agriculture, Farmers Home Administration, was had by the Directors . The Board determined that I conditions set forth in such letter would be met by the District by May 30, 1978. Director Huber moved to approve the Supplemental Letter of Con- ditions of April 17, 1978, indicating the District's intent to meet the conditions by May 309 1978, and authorizing the President to sign the Let- ter of Intent to Meet Conditions. The motion was seconded by Director Kuttel . ROLL CALL: Huber, aye; Kuttel , aye; Maass, aye; .SO MOVED. Resolution authorizing the signing of Farmers Home Administration Loan Resolution Director Kuttel moved that the Board adopt the Farmers Home Administration Loan Resolution (78-23) and authorize the President to sign the same. The motion was seconded by Director Huber. ROLL CALL: Huber, aye; Kuttel ; aye; Maass, aye. SO MOVED. ADJOURNMENT There being no further business before the Board, Director Huber moved that the meeting be adjourned. The motion was seconded by Director Kuttel . ALL AYE BY VOICE VOTE. President Maass adjourned the meeting at 4:08 P.M. TRUCKEE DONNER PUBLIC UTILITY DISTRICT Ja s A. Maass, President Approved:-X 1 , 1978 Signed: ?7/ Susan M. Craig Executive Secretary Position 5 USDA-FmHA Form FmHA 442-47 LOAN RESOLUTION No 7aft-2 3 (Public Bodies) (Rev.4-9-76) A RESOLUTION OF THE -------------84W-4-44---utr*ct"s------------------------------------------------------------------------------------------ �� OF THE ---- _V ------------------------------------------------------------------------------ AUTHORIZING AND PROVIDING FOR THE INCURRENCE OF INDEBTEDNESS FOR THE PURPOSE OF PROVIDING A PORTION OF THE COST OF ACQUIRING,CONSTRUCTING,ENLARGING,IMPROVING,AND/OR EXTENDING ITS---------w8tor -------------------------------------------------------------------------------- --- T W FACILITY TO SERVE AN AREA LAWFULLY WITHIN ITS JURIDICTION TO SERVE. WHEREAS,it is necessary for the --------------T4%"g*--Wmn*r---Pvb,-)- -4.4441-ty-4"tr-lert-------------------------------------- (Public B0 y) its Unds in the principal (herein after called association) to raise a portion of the cost of such undertaking by issuance of i ;- --------- ae amount of "" �"� �- ------------ - pursuant to the provisions of--- too 44599 on,UAfj hformepartment WHEREAS, the association intends to obtain assistance from the Farmers Home Administration, of Agriculture, (herein called the Government)acting under the provisions of the Consolidated Farm and Rural Development Act (7 U.S.C. 1921 et seq.) in the planning, financing, and supervision of such undertaking and to purchasing of bonds lawfully issued,in the event that no other acceptable purchaser for such bonds is found by the association: NOW THEREFORE, in consideration of the premises the association hereby resolves: 1. To have prepared on its behalf and to adopt an ordinance or resolution for the issuance of its bonds and containing such items and in such forms as are required by STATE statutes and as are agreeable and acceptable to the Government. 2. To refinance the unpaid balance, in whole or in part, of its bonds upon the request of the Government if at any time it shall appear to the Government that the association is able to refinance its bonds by obtaining a loan for such purposes from responsible cooperative or private sources at reasonable rates and terms for loans for similar purposes.and periods of time as required by section 333(c) of said Consolidated Farm and Rural Development Act (7 U.S.C. 1983(c)). 3. To provide for, execute, and comply with Form FmHA 400-4, "Nondiscrimination Agreement"; and Form FmHA 400-1, "Equal Opportunity Agreement", including an "Equal Opportunity Clause",which clause is to be in- corporated in, or attached as a rider to, each construction contract and subcontract involving in excess of$10,000. 4. To indemnify the Government for any payments made or losses suffered by the Government on behalf of the association. Such indemnification shall be payable from the same source of founds pledged to pay the bonds or any other legally permissable source. 5. That upon default in the payments of any principal and accrued interest on the bonds or in the performance of any covenant or agreement contained herein or in the instruments incident to making or insuring the loan,the Government, at its option may (a) declare the entire principal amount then outstanding and accrued interest immediately due and payable, (b) for the account of the association (payable from the source of funds pledged to pay the bonds or any other legally permissable source) incur and pay reasonable expenses for repair, maintenance, and operation of the facility and such other reasonable expenses as may be necessary to cure the cause of default, and/or (c) take possession of the facility, repair, maintain, and operate or rent it. Default under the provisions of this Resolution or any instrument incident to the making or insuring of the loan may be construed-by the Government to constitute default under any other instrument held by the Government and executed or assumed by the association,and default under any such instrument may be construed by the Government to constitute default hereunder. 6. Not to sell, transfer, lease, or otherwise encumber the facility or any portion thereof,or interest therein,not permit others to do so,without the prior written consent of the Government. 7. Not to borrow any money from any source,enter into any contract or agreement, or incur any other liabilities in connection with making enlargements,improvements or extensions.to, or for any other purpose in connection with the facility (exclusive of normal maintenance) without the prior written consent of the Government if such undertaking would involve the source of funds pledged- to pay the--bonds. 8. To place the proceeds of the bonds on deposit in an account,in a bank,and in-:a manner approved by the Government. FmHA 44247(Rev.4-9-76) USIM-1 4'niflA (%.114-31 �or m F ritH A 446-1 FINANCE OFFICE ONLY ='Rev. 9-10-76) REQUEST FOR OBLIGATION OF FUNDS Loan Number Fiscal Year PART I -COMPLETE FOR ALL LOANS AND GRANTS: 1. DATE OF APPROVAL ST CO B-ORROWER IDENTIFICATION 3. 1014 OK219 0 1914 6 0I 0 1.14 4 19 2 1 1 - -_ I I 2. NO. NAME FIELDS (1,2,or 3 from below) BORROWER'S NAME STATE bjAME ' IT R U CIK E El- DJO I N NIE I_R 4. L Calif ornia 2 p UIB[L I C, U_ T I IL I T Y D I S T COUNTY NAME 3[ . 1 Nevada TYPE ACTION Ix 11 ---Obligation Only 2-Oblig. & Check Request 3 -Correction of Oblig. TYPE OF ASSISTANCE 8. TYPE OF LOAN FUNDS 9. TYPE OF SUBMISSION [LE (See FM 1) 1-Guaranteed x] 2-1 nsured 11 1-Initial [X- 2-Subsequent '.O. REPAYMENT TERMS 11. DIRECT PAYMENT TO: 12. CREDIT REPORT 13. VETERAN 4 Years F--11-Ctx Off L.2- Fin Off 3-No l_ 711-Yes 22-No l F-11-Yes E2-No :OR OFFICIAL USE ONLY OR 15. TYPE OF ENTITY CODE(Associatioq Organizations, 4. Complete for Individuals Only etc. only) 1-7 1-W 2-Nja -A I --]4-SA .10. X 6-Tax Exem t -Non-Tax Exempt L8-NZA 1�] . I - - - D7 b. SEX OF BORROWER(S) (Individuals Only): 1 M 2-F 7. BORROWER(S) MARITAL STATUS (individuals Only): .�L11-Married L12-Separated 713-Unmarried (including widowed or divorced) 8. COMPLETE IF APPLICABLE (See FMI) 19. INTEREST RATE 1-Credit i redit Sale 2-Assumption 0 15 # 0 0 0 0 % - E 1 '0. PAYMENTS: 11-Monthly 1;j I 2-Annually �-Semiannually 1 4-Quarterly 1. AMOUNT OF LOAN 22. AMOUNT OF GRANT 23.AMOUNT OF IMMEDIATE ADVANCE 6 1 0 0 0 [TI 0 10 'ART 11 -EM LOANS ONLY 24. DISASTER CODE 'ART III -MULTIPLE HOUSING ONLY INTEREST CREDIT 26. PROFIT TYPE Ll 1-Yes 2-No 171-Full Profit 112-Limited Profit ..D3tNon-Profit TYPE OF APPLICANT: 11-Individual I 12-Partnership 3-Corporation L]4-Public Body 5-Assn. of Farmers --16-Organ.of Farmworkers F-17-Other 'ART IV - INDIVIDUAL HOUSING LOANS Z. TYPE OF UNIT:,1-Farm Tract 7 2-Non-Farm Tract n. DWELLING: 1-Build 2-Purchase-New 29. ADJUSTED FAMILY INCOME 0 F3-Purchase-Old 4-Refinance -Repair 1. INTEREST CREDIT 32. TAXES AND INSURANCE 11- es -12-No I nsu ranee Taxes-1st. yr. Taxes-2nd yr. 3. COMMUNITY SIZE 34. FEE INSPECTION 35. SQUARE FOOTAGE OF F_�Z �] 171 1-10,000 or less _o_ver 10,00() El 1-Yes 2-No LIVING AREA L 'ART V - ADDITIONAL INFORMATION(See FMI) Position 2 FmHA 440-1 (Rev.9-10-76) af