HomeMy WebLinkAbout1980-08-18 Min Ord - Board RESOLUTION NO. 8056
OF THE
TRUCKEE DONNER PUBLIC UTILITY DISTRICT
DETERMINING THAT SERIES 1980-1 WATER SYSTF24
REVENUE BONDS MAY BE ISSUED AS PARITY BONDS
The Board of Directors of the Truckee Donner Public Utility District
resolves:
1. This Board wishes to issue its Series 1980-1 Water Revenue
AMA
Bonds, in the principal amount of $321,500, on a parity
with that certain Promissory Note of the District designat-
ed "Emergency Drought Relief Promissory Note of 1977, " dated
July 11, 1978, in the face amount of $251,800, and delivered
on its date to Farmers Home Administration,
2. Under the terms of paragraph 23 of Resolution No. 7747 of
this District, adopted October 17, 1977 , authorizing issuance
of said Drought Relief Note, this Board of Directors must find
and determine that the conditions specified in said paragraph
23 have been satisfied as a condition precedent to issuance
of additional bonds on a parity with said note.
3. This Board of Directors is advised by Stone & Youngberg,
Municipal Financing Consultants, Inc. , financial consultants
to the District with respect to this proposed bond issue, that
the conditions so specified by said paragraph 23 have been and
are presently satisfied, and this Board of Directors so finds
and dotermines.
4. Accordinagly, this Board of Directors directs that said Series
1980-1 Water Revenue Bonds shall be issued on a parity with
said Drought Relief Note.
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 August 18, 1980, by the following roll call vote:
AYES: Duffy,, Huber, Maass, Sutton and Kuttel
NOES*-
ABSENT: None
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TRUCKEE DONNER PUBLIC UTILITY DISTRICT
B
K- 1 Kutte 1,VPresident
ATTEST
Susan M. Craig Deputy Dis ct Clerk