HomeMy WebLinkAboutRES 1993-33 - Board . ........RE.. 0.-.....L..
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TI N N0., 9,3 3
o� THE
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T't uCKEE- ONNER PUBLIC UTILITY.:
DISTRICT
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APPROVING AGREEMENT
TO ACQUIRE EQUIPMENT
WHEREAS, the Board of Directors of the Truckee Donner Public Utility District has
determined that a true and very real need exists for the acquisition of the equipment
described in the individual Payment Schedule No. 001 and the Master Municipal Lease
and Option Agreement No. 909 presented at this meeting; and
WHEREAS, the Board of Directors has taken the necessary steps under applicable law
to arrange for the acquisition of such equipment, and
WHEREAS, the Board hereby directs its legal counsel to review the agreement and
negotiate appropriate modifications to said agreement so as to assure compliance with
state law and local statutory law, prior to execution of the agreement by those
persons so authorized by the governing body for such purposes;
NOW, THEREFORE, BE IT RESOLVED by the Board of Directors as follows:
1. The Board finds that the terms of said agreement are in the best interests of the
District for the acquisition of such equipment and the Board designates and
confirms the General Manager or Acting General Manager and the Deputy
District Clerk to execute and deliver, and to witness (or attest)respectively, the
agreement and any related documents necessary to the consummation of the
transactions contemplated by the agreement.
2. That the acquisition of the equipment, under the terms and conditions provided
for in the agreement is necessary, convenient, in the furtherance of and will at
all times be used in connection with the District's governmental and proprietary
purposes and functions (except to the extent that subleasing of the equipment
is permitted under terms of the agreement) and are in the best interests of the
District and no portion of the equipment will be used directly orindirectly in any
trade or business carried on by and person other than a governmental unit of
the State on a basis different from the general public.
3. The District hereby covenants that it will perform all acts within its power
which are or may be necessary to insure that the interest portion of the rental
payments coming due under the agreement will at all times remain exempt from
federal income taxation under the laws and regulations of the Unites States of
America as presently enacted and construed or as hereafter amended.
PASSED AND ADOPTED by the Board of Directors at a meeting duly called and held
within the District on the 21st day of June 1993 by the following roll call vote:
A YES: Corbett, Jones, Maass and Aguera.
NOES: Sutton.
ABSENT.• None.
TRUCKEE DONNER PUBLIC UTILITY DISTRICT
�0 p R. Ague�r51 President
ATTEST-
Susan M. Craig, Deputy Distr4h Clerk
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