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RESOLUTION NO. 92_
OF THE
TRUCKEE CONNER PUBLIC UTILITY DISTRICT
REGARDING RELEASE OF DART LETTER OF CREDIT
WHEREAS, by virtue of those certain agreements between the
Truckee Donner Public Utility District and Dart Industries, Inc., dated
October 15, 1973, and September 7, 1979, Dart Industries issued its
Letter of Credit in the sura of $1,600,000 relative to the acquisition
and construction of the Airport Well; and
WHEREAS, the District Engineer has determined that the Airport
Well has been completed in its entirety, and now functions as an
integral part of the District's community water system; and
WHEREAS, the purpose of the aforementioned Letter of Credit was
primarily to secure the acquisition and construction of the Airport
Well; and
WHEREAS, Dart Industries, Inc. has requested release of the
Letter of Credit in accordance with its agreement with the District
dated September 7, 1979;
NOW THEREFORE, BE IT RESOLVED by the Board of Directo " 'r
Truckee Donner Public Utility District as follows:
1. That the Board authorize the President to re
to Dart Industries, Inc. the $1,600,000 Letter of Cr
currently on deposit at Security Pacific National Bank.
Passed and adopted by the Board of Directors of t
Donner Public Utility District at a meeting held within said D
v.1
the ,_-_y day of &£jk'&£i-L 1982, by the following roll a
AYES:
NOES: ^vt^_
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ABSENT: jfaUL
TRUCKEE DONNER PUBLIC UTILITY DISTRICT
**■*-? (A. /NMI^^
ames A. Maass, President
ATTEST:
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Susan M. Craig, Deputy (District Clerk
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