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HomeMy WebLinkAbout4 Finance Corp OfficersAgendaItem#r4TRUCKEEDONNERFINANCEBUSINESSITEMTo:BoardofDirectorsFrom:ShannaD.Kuhiemier,CMCDate:December04,2019Subject:ElectionoftheFinancialCorporationBoardOfficers:PresidentandVicePresident1.WHYTHISMATTERISBEFORETHEBOARDOnlytheBoardcanelectnewofficers.2.HISTORYEachyear,anannualmeetingoftheTruckeeDonnerPublicUtilityDistrictFinancingCorporationconvenestoconducttheirbusiness,whichincludestheelectionofnewofficers.ThelastmeetingwasheldonDecember5,2018.Theelected/appointedofficerswere:JeffBender,VicePresidentandBobEllis,President.3.NEWINFORMATIONPertheFinanceCorporationBy-Laws,officersshallbeaPresidentandVicePresidentshallbechosenannuallybytheBoardofDirectorsandeachshallholdofficeuntiltheofficer’ssuccessorhasbeenelected.4.FISCALIMPACTThereisnodirectfiscalimpactassociatedwiththisitem.5.RECOMMENDATIONElectaPresidentandVicePresidentwhoareservingontheTruckeeDonnerPublicUtilityBoardasofficersfortheTDPUDFinancingCorporation.frzMichaelD.HolleyGeneralManager