HomeMy WebLinkAbout7 Debt Issuance ElectricTRUCKEE DONNER
0 Public Utility District
FINANCE CORPORATION
MEETING DATE: May 18, 2022
TO: Board of Directors
FROM: Michael Salmon, CFO
AGENDA ITEM 6
SUBJECT: Consideration to Adopt Resolution 2022-01
Brian C. Wright, General Manager
RECOMMENDATION:
Adopt Resolution 2022-01 authorizing the preparation, sale, and delivery of electric revenue
certificates of participation.
BACKGROUND:
The Truckee Donner Public Utility District (the "District") is currently considering entering into
a revenue certificate of participation financing through the sale and delivery of its Electric
System Revenue Certificates of Participation, Series 2022 A (the "Certificates"), for the
purpose of financing certain capital improvements to the District's electric system and to pay
certain costs of delivery of the Certificates.
The resolution of the Board of Directors of the Truckee Donner Public Utility District Financing
Corporation (the "Corporation") authorizes the execution and delivery of the Certificates, and
approves the forms of the legal documents described below.
RESOLUTION
Resolution. This Resolution authorizes the execution and delivery of the Certificates,
specifies certain basic terms of the Certificates, and approves the forms of certain legal
documents described below. In particular, Section 1 of the Resolution establishes the
maximum aggregate principal amount of the Certificates to be executed and delivered
($9,000,000).
Legal Documents. The Resolution approves the forms of the Installment Purchase
Agreement, Trust Agreement, Assignment Agreement and Purchase Contract. The Chair,
the Vice Chair, the Treasurer, and the Secretary are authorized to take any and all actions
necessary to consummate the sale, execution and delivery of the Certificates and the
completion of the associated legal documents.
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FISCAL IMPACT:
ATTACHMENTS:
1. Corporation Resolution 2022-01 - Electric
2. Electric Installment Purchase Agreement Truckee Donner PUD COPs
3. Electric Trust Agreement Truckee Donner PUD 2022 Electric COPs
4. Electric Assignment Agreement Truckee Donner PUD 2022 Electric COPs
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