HomeMy WebLinkAboutPublic Comment David Tirman
Allison Spani
From:David Tirman <dtirman@jmaventuresllc.com>
Sent:Wednesday, August 1, 2018 1:34 PM
To:Shanna Kuhlemier
Cc:Arthur Chapman; Cotton Construction
Subject:TDPUD Agenda Item #15-August 1, 2018 Board Meeting Comment
Attachments:TDPUD August 1 Board Meeting Agenda & Goals & Policies for Infrastructure
Financing Staff Report.pdf; SCIP-Manual-2014-Highlighted copy.pdf
CAUTION: This email originated from outside of the Truckee Donner PUD. Do not click links or open attachments unless you
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Hi Shanna,
Our group would like to pass along a comment/observation with respect to agenda item #15 in the board packet for this
evening’s meeting (District Debt Issuance & Management Policies & Possible Revisions). The staff report for item #15
states the following with respect to land value to debt ratio:
We wanted to point out that this is different than the value to debt ratio specified in the State Community Infrastructure
Program (SCIP) per the SCIP manual (copy attached). The SCIP manual provision 3.03(f) includes the following language
specifying a value to debt ratio of 3 to 1 in lieu of 4 to 1. Our suggestion would be for the TDPUD policy to align with that
of the SCIP provision in order to be consistent with one of the most likely forms of public financing for TDPUD required
infrastructure.
Thank you for sharing with District staff and the board for consideration.
Kind regards,
David A. Tirman AIA
Executive Vice President
JMA Ventures, LLC
P.O. Box 3938
Truckee, CA. 96160
m: 530-386-1907
p: 415-728-0790
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e: dtirman@jmaventuresllc.com
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