HomeMy WebLinkAbout6 Open US Bank Checking account RESOLUTION NO-;09_
OF THE
TRUCKEE DONNERPUBLIC f)TtLlTY DISTRICT
AUTHORIZATION
TO OPEN A:CHECKlIVG ACCOUNT WITH US BANK FOR
THE DONNER L,4;FCE ASSESSMENT D/STRlCT;�
WHEREAS, the District has formed an assessment district entitled the Donner Lake
Assessment District 00-1 for the purpose of collecting money from Donner Lake property
owners to pay for the replacement of the Donner Lake water system; and
WHEREAS, the Donner Lake property owners have 30 days to prepay their assessments
directly to the District, and
WHEREAS, the District will be submitting the remaining amounts owing on each Donner Lake
parcel to the Nevada County and Placer County assessors' offices for placement on the annual
tax rolls; and
WHEREAS, upon collection of the assessment amounts by the Nevada County and Placer
County assessors' offices, the amounts collected will be forwarded to the District; and
WHEREAS, the District is applying to the State of California State Revolving Fund for the
financing of the replacement of the Donner Lake water system; and
WHEREAS, as money is collected from the assessments, loan payments will have to be made
to pay back the State Revolving Fund as well as any other lending institutions who advance
money for the project including reimbursement to the District for any funds it has advanced;
NOW, THEREFORE, BE IT RESOLVED that the Treasurer is authorized to open up a checking
account at US Bank for the purpose of receiving funds and disbursing funds relating to
assessment district business, and
BE IT FURTHER RESOLVED that the Treasurer is hereby authorized to sign on the account
and that in the Treasurer's absence, the General Manager or the Assistant General Manager is
authorized to sign on the account, and
BE IT FURTHER RESOLVED that the Treasurer will provide a monthly update of the
assessment district activity as part of the monthly treasurer's report.
PASSED AND ADOPTED by the Board of Directors at a meeting duly called and held within the
District on the 15th day of August, 2001 by the following roll call vote:
AYES:
NOES:
ABSENT: