HomeMy WebLinkAbout2003-11-05 Agenda Packet - Board (19) Agenda Item # 7
TDPUD FINANCING CORPORATION
Annual Meeting
July 17, 2002
The annual meeting of the Board of Directors of the Truckee Donner Public Utility District
Financing Corporation was called to order at 9:30 PM by President Nelson VanGundy.
ROLL CALL: Directors Joe Aguera, Ron Hemig, James Maass, Patricia Sutton and Nelson
VanGundy were present.
OTHERS PRESENT: Neil Kaufman, Mark Thomas, Alan Harry, Joe Horvath, Mary Chapman,
Steve Hollabaugh, Ed Taylor, Peter Holzmeister and Barbara Cahill
PUBLIC INPUT: There was no public input.
APPROVAL OF PRIOR MEETING MINUTES
Director Aguera moved, and Director Maass seconded, that the Board approve the minutes of
the July 18, 2001 meeting. All Directors, aye, by voice vote. SO MOVED.
ELECTION OF NEW OFFICERS
It was decided that the President and Vice President of the District, presently Nelson VanGundy
and James Maass, would also hold those positions on the Financing Corporation Board.
Director Maass moved, and Director Aguera seconded, that the Board approve the appointment
of officers. All Directors, aye, by voice vote. SO MOVED.
Director Hemig moved and Director Maass seconded a motion to appoint Joseph Aguera to
serve as Secretary/Treasurer of the Financing Corporation Board. All Directors, aye by voice
vote. SO MOVED.
ANNUAL REPORT
Mary Chapman provided copies of the Water Operations Annual Report, summary of historical
operating results and debt service coverage for the years ending December 31, 1998 through
2001 and the summary statement of projected operating results and debt service coverage for
the years ending December 31, 2002 through 2005. Also provided was a report on the total
production for water system customers and usage, sales and revenues for the five largest water
system customers. Copies of these reports are attached.
Director Maass moved, and Director Aguera seconded, that the Board approve the annual
report for Water Operations. All Directors, aye, by voice vote. SO MOVED.
OTHER BUSINESS
There was no other business.
ADJOURNMENT
There being no further business before the Board, the meeting was adjourned at 9:35 PM.
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Agenda Item #
TDPUD FINANCING CORPORATION
Special Meeting
March 5, 2003
The special meeting of the Board of Directors of the Truckee Donner Public Utility District
Financing Corporation was called to order at 8:00 PM by President Nelson VanGundy.
ROLL CALL: Directors Joe Aguera, Ron Hemig, James Maass, Patricia Sutton and Nelson
VanGundy were present.
OTHERS 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.
BUSINESS ITEM
CONSIDERATION OF A RESOLUTION AUTHORIZING EXECUTION AND DELIVERY OF
NOT TO EXCEED $30,000,000 REVENUE CERTIFICATES OF PARTICIPATION,
APPROVING THE EXECUTION AND DELIVERY OF CERTAIN DOCUMENTS AND
AUTHORIZING CERTAIN ACTIONS IN CONNECTION WITH THE ISSUANCE OF
CERTIFICATES OF PARTICIPATION, SERIES 2003 TO FINANCE THE SETTLEMENT
OBLIGATION TO IDACORP ENERGY.
Mr. Blonde, bond counsel with Stradling Yocca Carlson & Rauth, explained this resolution and
the following documents have the effect of approving the Finance Corporation's portion of the
Certificate of Participation funding documents: Installment Purchase Agreement, Trust
Agreement, Purchase Contract, and an Assignment Agreement.
Director Van Gundy moved and Director Maass seconded, a motion to adopt a resolution
authorizing the execution and delivery of not to exceed $30,000,000 Revenue Certificates of
Participation, approving execution and delivery of certain documents and authorizing certain
actions in connection therewith.
ROLL CALL: All Directors, aye. SO MOVED.
ADJOURNMENT
There being no further business before the Board, the meeting was adjourned at 8:03 PM.
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