HomeMy WebLinkAboutRES 1980-62 - Board RESOLUTION NO*
OF THE
TRUCK' E DONNER PUBLIC UTILITY DISTRICT
RESOLUTION ACCEPTING OFFER OF FARMERS HOME ADMINISTRATION
FOR PURCHASE OF SERIES 1980-1 'WATER SYSTEM REVENUE BONDS
WHEREAS, in accordance with. the provisions of Resolution
No. 80-57 , adopted by this Board of Directors on August 18 , 1980,
inviting bids for the purchase of revenue bonds issued under the pro-,
Visions of the Revenue Bond Law of 1.941 (Goverment Code Sections
54300 and following) for Series 1980-1 Water Revenue Bonds of the
Truckee Donner Public Utility District, Nevada County, California,
this District has solicited such bids* and
WHEREAS, at 11 : 00 A.M. on September 8 , 1980, at the office
of the Acting General Manager of the District, '.-..he Acting General
Manager opened and declared the bids received at that time and
place, which was the time and place specified in the Notice Inviting
Sealed Bids* and
WHEREAS, the only bid received for the purchase of said
bonds was the offer of Farmers Home Administration as set forth in
their offer to purchase said bonds, dated ��- �, � ��
1980,, tog-ether with Exhibits A through C attached thereto; and
WHEREAS, this Board of Directors wishes to accept the offer
of Farmers Home Administration to purchase said revenue bonds of the
District, designated Series 1980-1 Water Revenue Bonds, in accordance
with the -terms and conditions of said offer and, therefore , 'Intends
to award sale of bonds to Farmers Home Administration;
NOW, THEREFORE , the Board of Directors of the Truckee Donner
puL-I'jjc Utility District, Nevada County, California, HEREBY FINDS,
DETERMINES RESOLVES AND ORDERS as follows :
Section lo The forego ing recitals are true and correct,
and the Board of Directors so finds and determines*
Section 2 . The of f er of Farmers Home Administration to
purchise water revenue I bonds of the Truckee Donner Public Utility
District in the principal amount of not to exceed $321, 500, as more
fully specified in the written offer of Farmers Home Administration
d a t e d r.
1980 , together with Exhibits A through C
- ---Wr
attached thereto, i S hereby acceptedf and this Board of Directors
hereby awards the sale of said bonds to Farmers Home Administration*
Section 3 . The Secretary of the District 'is hereby authorized
and directed to cause the preparation of bonds of this District, in a
manner timely for delivery to Farmers Home Administration at the loan
closing presently scheduled for October 3 , 19800
PASSED AND ADOPTED by the Board of Directors of the Truckee
Donner Public Utility District at the regular meeting thereof , duly
called and held within the District on 1980, by the
following roll call vote:
AYES
Nfe
OES : f
ABSENT9
TRUCKEE DONNER PUBLIC UTILITY DISTRICT
By
rl �4ttel , Presiden+C..
ATTEST,:!
Susan M. Craig,, Depq-��Y-
District Clerk
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