HomeMy WebLinkAbout2003-11-05 Finance Corp
TDPUD FINANCING CORPORATION
Annual Meeting
November 5, 2003
The special meeting of the Board of Directors of the Truckee Donner Public Utility District Financing
Corporation was called to order at 8:40 PM by President Hemig.
ROLL CALL: Directors Joe Aguera, Ron Hemig, James Maass and Patricia Sutton were present. Director
Nelson VanGundy was absent.
EMPLOYEES PRESENT: Steve Hollabaugh, Neil Kaufman, Ed Taylor, Mary Chapman, Tammie
Hoedeman, Peter Holzmeister and Barbara Cahill.
CONSULTANTS PRESENT: David Carlson
OTHERS PRESENT: Juanita Schneider
PUBLIC INPUT
There was no public input.
BUSINESS ITEMS
CONSIDERATION OF A POLICY DETERMINING THAT THE OFFICERS OF THE TDPUD SHALL BE
THE OFFICERS OF THE FINANCING CORPORATION
No action taken. Agenda item postponed to next Finance meeting.
ELECTION OF NEW OFFICERS (ITEM TO BE CONSIDERED IF THE POLICY SUGGESTED IN ITEM 5
ABOVE IS NOT ENACTED BY THE BOARD)
No action taken. Agenda item postponed to next Finance meeting.
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, 1999 through 2002; the summary
statement of projected operating results and debt service coverage for the years ending December 31,
2003 through 2006; and a report on the total production for water system customers and usage, sales and
revenues for the five largest water system customers. In addition, a copy of the audited TDPUD Financial
Statements as of December 31, 2002 was provided. Copies of these reports are attached.
Director Maass moved, and Director Aguera seconded, that the Board approve the annual report for Water
Operations.
ROLL CALL: Director Van Gundy, absent; Director Sutton, abstain; All other Directors, aye, by voice vote.
SO MOVED.
ROUTINE BUSINESS
APPROVAL OF THE MINUTES OF JULY 17, 2002 AND MARCH 5, 2003
Director Maass moved, and Director Aguera seconded, that the Board approve the minutes of the July 17,
2002 and March 5, 2003 meeting.
ROLL CALL: Director Van Gundy, absent; All other Directors, aye, by voice vote. SO MOVED.
ADJOURNMENT
There being no further business before the Board, the meeting was adjourned at 8:50 PM.
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