HomeMy WebLinkAboutRES 1982-09 - Board RESOLUTION NO
OF T14E
TRUCKED Do PUBLIC UTILITY DISTRICT
REGARDIN%"r"j RELEASE OF DART LETTER OF CREDIT
of -those certain agreements between the
WHEREAS, by virtue
Industries, Inc* , dated
ility District and Dart
Truckee Donner Public Ut art Industries issued its
1973 , and September 7 , 1979, D A I a tion
October 15, of $1,600,000 relative to the acquisi
Letter of Credit in the sum
of the Airport Well; and
and construction
WHEREAS, the District Engineer has determined that the Xirport
in its entirety, and now functions as an
Well has been completed
integral part of the District' s community water system; and
of the aforementioned Letter of Credit was
WHEREAS, the purpose ion of the Airport
ition and construct
primarily to secure the acq-1%lis
Well; and
ndustries, Inc. has requested release of the
WHEREAS, Dart I ith its agreement with the District
Letter of Credit in accordance w
dated September 7, 1979;
D by the Board 'of Directors of the
NOW THEREFORE, BE IT RESOLVE
ublic Utility District as follOws:
Truckee Donner P
1. That the Board authorize the President to release
i the $1, 600, 000 Letter of Credit,
to Dart Industries , Ince t4
currently on deposit at Security Pacific Na Lonal Bank.
and adopted by the Board of Directors of the Truckee
Passed meeting held within said District on
Donner Public jjtility I District at a me ollowing roll call vote:
the /,,j�If day of 1982, by the f
AYE S:
NOES: _ ... .. _ -�
ABSENT: ZLIA .......
TRUCKEE DONNER PUBLIC UTILITY DISTRICT
By CA
ames A. Maass, President
ATTEST:
Susan Me Craig, DeputytID-Istrict Clerk