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Annual Meeting of the TDPUD December 7, 2011 Financing Corporation
Annual Meeting of the TDPUD Financing 2 Energy power contractsystem improvements projects and the buyout of the Idaho The District has also used COPs to finance various water •District
headquarters buildingParticipation (COPs) to finance the construction of the Corporation was formed in 1986 to sell Certificates of The Truckee Donner Public Utility District Financing
•Background / History Corporation
Annual Meeting of the TDPUD Financing 3 Secure by a pledge of District revenue–Use generally for long term financing–Raise funds through the sale of tax exempt and taxable bonds–Finance
government agency public projects–The sale of COPs:•Background / History (cont’d)Corporation
Annual Meeting of the TDPUD Financing 4 Treasurer, Robert Mescher–Secretary, Michael D. Holley–Vice President, Tony Laliotis–President, Jeff Bender–CorporationOfficers of the District
serve as officers of the Financing •Report qualifying events–Disclose annual reports–onto the DistrictAll responsibilities of the Financing Corporation are passed •Background / History
(cont’d)Corporation
New Information CorporationAnnual Meeting of the TDPUD Financing 5$1,800,000)$3,285,000December 2012$3,110,000December 2011Scheduled principal payments:$ 6,395,000Principal balance10
years, ending January 1, 2013Term2.50% to 5.75%Interest rate contract:financed the buyout of the Idaho Energy –2003 COPs •Current financings:
New Information (cont’d)CorporationAnnual Meeting of the TDPUD Financing 6$ 1,900,000Annual debt service$22,800,000Principal balance30 years, ending October 12, 2036Term4.00% to 5.00%Interest
rate refinance 1996 COPsfinance water system improvements and –2006 COPs •Current financings (cont’d):
Recommendation CorporationAnnual Meeting of the TDPUD Financing 7 Approve the minutes of last meeting on December 15, 2010-Agenda Item #6•Approve the annual reports and financial statements-Agenda
Item #5•Secretary and Treasurer–Appointment of Officers -President and Vice President–Election of Officers -Agenda Item #4•