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RES 2018-18 - Board
Attachment5RESOLUTIONNO.2018-18‘iRUCKEEDONNERPublicUtilityDistrictRESOLUTIONOFTHEBOARDOFDIRECTORSOFTHETRUCKEEDONNERPUBLICUTILITYDISTRICTACTINGONITSOWNBEHALFANDASTHEGOVERNINGBODYOFALLOFITSCOMMUNITYFACILITIESDISTRICTS(OLDGREENWOODNo.03-1ANDGRAYSCROSSINGNo.04-i)AUTHORIZINGRETENTIONOFSPECIALCOUNSELWHEREAS,theTruckeeDonnerPublicUtilityDistrict(the“TDPUD”)hasconductedproceedingsresultingintheformationofCommunityFacilitiesDistricts(“CFDs”;theDistrictandtheCFDsarecollectivelyreferredtoas“District”)andtheissuanceandsaleofbondsordebtpursuanttotheMello-RoosCommunityFacilitiesActof1982(Cal.Gov.CodeSection53311,etseq.;the“Act”);andWHEREAS,pursuanttotheAct,theDistricthasdulyrecordedNoticesofSpecialTaxLienandhasdulyandregularlyleviedCFDspecialtaxes,whichspecialtaxesandinterestandpenaltiesthereonconstitutealienagainsttheparcelofthelandagainstwhichitwaslevieduntilthesamearepaid,whichlienssecureinwholeorpartdebtissuedpursuanttotheAct;andWHEREAS,certaininstallmentsofthespecialtaxeshavenotbeenpaidwhendue,andcertainspecialtaxesmaynotbepaidwhendueinthefuture;andWHEREAS,pursuanttoSection53356.1(a)oftheAct,theDistrictisauthorizedtoorderthespecialtaxescollectedbyanactionbroughtintheSuperiorCourttoforeclosetheirliens;andWHEREAS,pursuanttoSection53356.1(b)oftheAct,theDistrictcovenantedforthebenefitofownersofthedebttofilesuchforeclosureactionsonbehalfofthedebtholdersandareauthorizedtoordertheCountyAuditortocreditthedelinquentspecialtaxesuponthesecuredtaxroll,thusrelievingtheCountyTaxCollectoroffurtherdutyandregardthereto;and,WHEREAS,theDistrictwishestoretainexperienced,qualifiedcounseltoprosecutesuchjudicialforeclosureactions,NOWTHEREFORE,BEITRESOLVEDbytheBoardofDirectorsoftheTDPUDactingonitsownbehalfandastheLegislativeBodyofalloftheDistrictCFDsthat:1.TheBoardfindsthattheActauthorizesthecommencementofjudicialforeclosureproceedingstocollectdelinquentspecialtaxes,andherebyordersthatthedelinquentspecialtaxeslistedontheattachedExhibitsAlandallfuturedelinquentspecialtaxesastosuchproperty,becollectedbyactionbroughtintheappropriateSuperiorCourttoforeclosetheliensthereof.Resolution2018-181 2.TheDistrictPresidentoftheBoardisauthorizedtoretainStradlingYoccaCarison&Rauth,alawfirm,asspecialcounselonthetermssetforthintheagreementpresentedtotheBoardtoprosecutetheforeclosureactionsandtocollectonbehalfoftheCFDsallamountsdueonaccountofthespecialtaxeslistedinExhibitsAlandanysubsequentdelinquentspecialtaxes.3.TheBoardfindsthattheActprovidesforthepaymentofthecostsandattorneysfeesforprosecutionoftheforeclosuresauthorizedbytheDistrictandherebyauthorizesAttorneystorequirepaymentonitsbehalfofallcostsandallattorneysfeesincurredastoeachdelinquentparcelasaconditionofsuchredemptionasprovidedintheagreement.AdoptedbytheBoardofDirectorsoftheTruckeeDonnerPublicUtilityDistrictactingonitsownbehalfandastheLegislativeBodyofallofitsCommunityFacilitiesDistrictsataregularmeetingheldonSeptember5,2018,bythefollowingvote:AYES:Directors:Aguera,Bender,Ellis,VicePresidentWarmerdam,andPresidentLaliotis.NOES:None.ABSENT:None.TRUCKEEDONNERPUBLICUTILITYDISTRICTTonyLaliotis,PresidentATTST(/ShannaD.Kuhlemier,CMC,DistrictClerkResolution2018-182