HomeMy WebLinkAbout5 Election of the Financial Corporation Board Officers Agenda Item # 5
TRUCKEE DONNER
Public Utility District
FINANCE BUSINESS ITEM
To: Board of Directors
From: Michael D. Holley
Date: December 19, 2012
Subject: Election of the Financial Corporation Board Officers: President and
Vice President; and the Appointment of the Secretary and Treasurer
1. WHY THIS MATTER IS BEFORE THE BOARD
Only the Board can elect new officers.
2. HISTORY
Each year, an annual meeting of the Truckee Donner Public Utility District Financing
Corporation convenes to conduct their business, which includes the election of new
officers. The last meeting was held on December 7, 2011. The elected/appointed
officers were: Tony Laliotis, President; Laura Clauson Ferree, Vice President; Michael
Holley, Secretary; and Bob Mescher, Treasurer; Directors Aguera and Hemig were also
present.
3. NEW INFORMATION
Per the Finance Corporation By-Laws, officers shall be a President, Vice President,
Secretary and Treasurer. Officers shall be chosen annually by the Board of Directors
and each shall hold office until the officer's successor shall be elected.
4. FISCAL IMPACT
There is no direct fiscal impact associated with this item.
5. RECOMMENDATION
a) Elect a President and Vice President who are serving on the Truckee Donner Public
Utility Board as officers for the TDPUD Financing Corporation
b) Appoint Michael D. Holley to serve as Secretary and Robert Mescher to serve as the
Financing Corporation Treasurer
Robert Mescher Michael D. Holley
Treasurer Secretary