HomeMy WebLinkAbout2000-12-20 Finance Corp
TDPUD Financing Corporation
Annual Meeting
December 20, 2000
The annual meeting of the Board of Directors of the Truckee Donner Public Utility District
Financing Corporation was called to order at 9:46 PM by James Maass. Mr. Maass noted that
there has been a procedural change. Now the Board of the District also sits as the Financing
Corporation Board.
ROLL CALL: Directors Joe Aguera, James Maass, Patricia Sutton and Nelson VanGundy were
present. Director Ron Hemig was absent.
OTHERS PRESENT: Mary Chapman, Susan Craig, Alan Harry, Peter Holzmeister, Neil
Kaufman, Ed Taylor, Steve Gross and Andy Morris.
PUBLIC INPUT: There was no public input.
APPROVAL OF PRIOR MEETING MINUTES
Director Sutton moved, and Director Van Gundy seconded, that the Board approve the minutes
of the July 19, 1999 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 James Maass and
Joe Aguera, would also hold those positions on the Financing Corporation Board.
By acclamation, Nelson Van Gundy was appointed Secretary/Treasurer of the Financing
Corporation Board.
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, 1996 through
1999 and the summary statement of projected operating results and debt service coverage for
the years ending December 31, 2001 through 2003. 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.
OTHER BUSINESS
There was no other business.
ADJOURNMENT
There being no further business before the Board, the meeting was adjourned at 9:53 PM.
smc