HomeMy WebLinkAbout2002-07-17 Finance Corp
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.
bhc