HomeMy WebLinkAbout8 Debt Issuance WaterTRUCKEE DONNER
0 Public Utility District
FINANCE CORPORATION
MEETING DATE: May 18, 2022
TO: Board of Directors
FROM: Michael Salmon, CFO
AGENDA ITEM 8
SUBJECT: Consideration to Adopt Resolution 2022-02
Brian C. Wright, General Manager
RECOMMENDATION:
Adopt Resolution 2022-02 authorizing the preparation, sale, and delivery of water 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 Water System Revenue Certificates of Participation, Series 2022 A (the "Certificates"), for
the purpose of financing certain capital improvements to the District's water 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
($18,000,000).
Legal Documents. The Resolution approves the forms of the Installment Purchase
Agreement, Trust Agreement, Assignment Agreement and Purchase Contract. The Chair,
Vice Chair, Treasurer, and 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 2022-02 Truckee Donner PUD 2022 Water COPs
2. Water Installment Purchase Agreement Truckee Donner PUD 2022 Water COPs
3. Water Trust Agreement Truckee Donner PUD 2022 Water COP
4. Water Assignment Agreement Truckee Donner PUD 2022 Water COPs
5. Water Purchase Contract Truckee Donner PUD 2022 Water COP
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