HomeMy WebLinkAboutRES 1992-22 - Board RESOLUTION NO 9222
OF �NF
TRUCKEE DONNER PUBLIC U ....
TILIT..............Y........DISTRICT
REGARDING THE APPROVAL OF SAFE DRINKING WATER
LOAN CONTRACT No. E53311 WITH. THE.
STATE OF CALIFORNIA
WHEREAS, the State of California has enacted the Safe Drinking Water Bond Law of
1986, California Water Code Section 14000 et seq., to make low interest loans available
for capital improvements to the public water supply and to reduce water quality hazards;
and
WHEREAS, the District desires to make improvements to its water supply and reduce
water quality hazards by replacing a portion of its downtown pipelines, constructing
disinfection facilities at the Northside and Airport wells, constructing new Gateway,
Southside and Prosser wells, rehabilitating and disinfecting the Donner Creek well, and
constructing new storage tanks at Soma Sierra, Donner Trails and Gateway, all at an
approximate cost of five million twelve thousand dollars ($5,012,000); and
WHEREAS, the District applied to the State of California, Department of Water Resources
for a loan in the sum of five million dollars ($5,000,000) pursuant to the Safe Drinking
Water Bond Law of 1986; and
WHEREAS, by letter dated May 5, 1992, the State of California approved and committed
a five million dollar ($5,000,000) construction loan to the District and presented the
District with Safe Drinking Water Loan Contract No. E53311, which provides for a twenty-
five (25) year loan repayment schedule at a 3.1775 percent interest rate; and
WHEREAS, said loan contract requires an opinion from the District's legal counsel that
no election is required prior to the execution of said loan contract and the District's legal
counsel has provided said opinion by letter dated July 15, 1992; and
WHEREAS, said loan contract requires the District to pass a resolution accepting the loan
and designating an agent to execute Loan Contract No. E53311 and to sign requests for
disbursement of State funds;
NOW, THEREFORE, BE IT RESOLVED by the Board of Directors of the Truckee Donner
Public Utility District as follows:
1. All of the above recitals are adopted as findings by the District.
2. Safe Drinking Water Loan Contract No. E53311 is hereby accepted.
3. The President of the District's Board of Directors is hereby authorized and directed
to execute Safe Drinking Water Loan Contract No. E53311 on behalf of the
District.
4. The General Manager of the District is hereby authorized and designated to sign
requests for disbursement of State funds pursuant to Safe Drinking Water Loan
Contract No. E53311 on behalf of the District.
PASSED AND ADOPTED by the Board of Directors at a meeting duly called and held
within the District on the 20th day of July 1992 by the following roll call vote:
AYES: Aguera, Corbett, Curran, Maass and Sutton.
NOES: None.
ABSENT: None.
TRUCKEE DONNER PUBLIC UTILITY DISTRICT
By
Jo e h . Aguera, P sident
ATTES -
Susan M. Craig, Deputy DisOct Clerk
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