HomeMy WebLinkAbout1980-04-07 Min Ord - Board RESOLUTION NO. SO --2 5
OF
x TR.UCKEE-DONNER PUBLIC UTILITY DISTRICT
ESTABLISHING FINDINGS REGARDING PREVIOUS
INTERDEPARTMENTAL TRANSACTIONS
WHEREAS, the matter of accounting for interdepartmental transactions,
including land sales and loans, has been 'a matter of great concern to the
Board of Directors; and
WHEREAS, the Manager and District staff have completed a detailed
analysis of land sales made by the District since 1964, and interdepartmental
loans, both formal and informal; and
WHEREAS, the findings were reported to the Board of Directors in the
Manager's Report of March 3, 1980, indicating that the debt owed by the
Water Department to the Electric Department has been satisfied through
h
g
previous borrowings and Interest; and
WHEREAS, the Board of Directors does herebydesire to ratify y and adopt
the findings of the Manager and staff in order to avoid speculation and
p
confusion regarding past dealings.
NOW, THEREFORE, BE IT RESOLVED by the Board of Directors of the
Truckee-Donner Public Utility District as follows:
That based on the findings of the Manager and staff, the Board of
Directors hereby declares that the obligations between the Water and
=- Electric Departments are satisfied in full as of December 31 1979
and that neither Department has an obligation in favor f
y g o the other.
Y
The Board of Directors hereby directs the Clerk to attach the pertinent
. .
provisions from the Manager's Report of March 3, 1980 and the
attachment thereto to this Resolution, indicating the Resolution
Number and date of adoption on the face of 'the same.
PASSED .AND ADOPTED by the Board of Directors of the Truckee-Donner
Public Utility District, at a meeting held within said District on the 7th da
Y
of Ap
ril, 1980, by the following roll call vote:
AYES: R.,, H UBER. , J. MAASS , K. KUTTEL
NOES:
ABSENT: D. HATCH , P. SUTTON .
TRUCKEE-DONNER PUBLIC UTILITY
DISTRICT
B �
y
' K RL KUT EL, President
ATTEST:
Alf
A. MILTON SEYMO R.,
Clerk Thereof
SEG:mea
4/8/8 0 (Rev.)