HomeMy WebLinkAboutRES 1979-16 - Board Ar
RM1%OL UTION NO. 7916
OF
PUBMC UTJ.Lff Y DMTRICT
ES'TABL23HING A LOANBETWEEN THE
WATER, DEPARTM ENT AND ELECTRIC DEPARTMENT AND
4
1`114 7LIRDEtaPARTMENTAL TRANSFER OF FUNDS
AUTHOR IL G THE IN
MMREA�'5, (,.)ri Octob�ir 16, 1978, Resolution No. 7852 was adopted
,)r.izing the acqu"sition of the following described real property:
aut-h( * " I
A poftiion- of the Northeast quarter of Section 15,
To-vi'n:ship 17 Nor-th, R. range 16 East, known as Nevada
County Assessor's Parcel No. 19-300-1.7, consisting of
approximately 6.711 (acres, and presently owned by
INK rollefson and Terry Tollef'son;
Gwendolyn Ralphs, fte,,
and
VVIIEREA,S, subject parcel surrounds the Tonini Springs, and the District
purchased sutbject property to fur..,t:her protect the Springs; and
11,11EREA.S, on April 2, 1979, Wftessolution No,. 7912 was adopted Appro,ving
a G'rttnt Deed and Authorizing Recordation with Nevada County; and
WIJERENS, on April 9, 1979, Check No. 001.4828, in the sure of FIFTY
THOUSAND FOUR HUNDr-MD SEVENTY-THREE AND 51/100 ($50,473*51)
D01I.J.PARS was defi�ered to thc--i. Truckee Office of Int er-C owity ritle Company
f`c:et:uate the
to ef � ,roperty, transf er; a-rid
VVIIEREA.S, a refund in 'the surri of SIXTY'-ONE AND 07/100 ($61.A'7)
DOIJ-jAIIS was recei'ved by the Di.s,tnict for prorations; and
IMEREAS, f unds neceS-3aPy f or sucash purchase were Electric
Department fundss,, but the acqllired property wi".11 become an, asset of the
Water Departnient.
NOW, "I'TIEREFORE, be it re.-siolved by the Board of Directors of the
Truckee-Donnen:p Public Utility District, as follows:
1.0 'The Bop..xd of Directors does hereby authorize the
interdepftrtmental trariSi-ifer of the sum of FIFTY
T110USAND FOUR, 11UNDR.ED TWELVE AND 44/100
($550,41..44) DOLLARS from. the Electric Department to
U-te Water Delpartinent for the acquisition of the real
property above described.
26 That the transfer shall be evidenced as a loan f rorn the
Electric Department to the Water Department; said loan
shall be for a period of five (5) years, and bear iriteres-t
at thE! i,ibate of T"! percent per annum,
3* That. the bookkeeper is hereby authorized to make all.
ai,,)propria,te notations wid, bookkeeping entries exidencing
tf-jis int c-,!r depart in ental loan, and shall, on or before the
MEA tau sine.sss day of each year, transfer the sure of TEN
111,004.1SAND E1(_3'HT'Y--T1N0 AND 49/3.00 ($109 082.4;.)
DOLLARS, pltk� accrueod interest, frorrr the Water
Departruv.a'.nt to the Electric Department as payment
t 1ier eon...
RAMSED AND ADOPTED by the Board of Di*rectors of the Truckee-Dormer
Publl"c Utility Dj,s,trict, at a meeting held within ;.-.:-)-a1*d District on the 7 t h
0 a
day of av 1,917,91 by the f ollowing roll caR vote:
A Y ES: Hatcri HUber Kuttel
S u t t coil a a s. s
N O'Fno
A MS E NT: N o n
TRO"KER-DONNER PUBLIC TJT1Lr1'Y
DISTRICT
B
Y
ME411.3 Aq MAASS, President
ATTEST:
do
ug
MILTON SET
C1.ci&k Ther eip,)f