HomeMy WebLinkAbout1999-07-19 Finance Corp
TDPUD FINANCING CORPORATION
ANNUAL MEETING
July 19, 1999
The annual meeting of the Board of Directors of the Truckee Donner Public Utility District
Financing Corporation was called to order at 4:05 PM in the District Board room by President
Gutierrez.
ROLL CALL: Directors Herb Gaarder, Harry L. Smith and Sharon Gutierrez were present.
Directors Ruth Frishman and Bruce Turner were expected.
PUBLIC INPUT: There was no public input.
APPROVAL OF PRIOR MEETING MINUTES
Director Gaarder moved, and Director Smith seconded, that the Board approve the minutes of
August 11, 1998 as presented. All Directors, aye, by voice vote. SO MOVED.
ELECTION OF NEW OFFICERS
The following officers were elected by acclamation: President, Bruce Turner; Vice President,
Harry L. Smith; Secretary/Treasurer, Herb Gaarder.
ANNUAL REPORT
Director Frishman arrived at this point in the meeting.
District Treasurer Mary Chapman reviewed with the Directors the Water Operations annual
report, summary of historical operating results and debt service coverage for the years ending
December 31, 1995 through 1998 and the summary statement of projected operating results
and debt service coverage for the years ending December 31, 1999 through 2002. Also
reviewed were total production for water system customers and usage, sales and revenues for
the five largest water system customers.
Copies of the reports are attached to these minutes for reference.
OTHER BUSINESS
There was no other business
ADJOURNMENT
There being no further business before the Board, the meeting was adjourned at 4:13 PM.
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