HomeMy WebLinkAboutRES 2001-24 - Board f
Public Utility District
r.,
Resolution No. 2001=24
Authorization to open a checking account with US Bank for the
Donner Lake Assessment District
WHEREAS, the District has formed an assessment district entitled the Donner Lake Assessment
District 00-1 for the purpose of collecting money from Donner Lake property owners to pay for the
replacement of the Donner Lake water system; and
WHEREAS,the Donner Lake property owners have 30 days to prepay their assessments directly to
the District, and
WHEREAS, the District will be submitting the remaining amounts owing on each Donner Lake
parcel to the Nevada County and Placer County assessors'offices for placement on the annual tax
rolls; and
WHEREAS, upon collection of the assessment amounts by the Nevada County and Placer County
assessors' offices, the amounts collected will be forwarded to the District; and
WHEREAS,the District is applying to the State of California State Revolving Fund for the financing
of the replacement of the Donner Lake water system; and
WHEREAS, as money is collected from the assessments, loan payments will have to be made to
pay back the State Revolving Fund as well as any other lending institutions who advance money for
the project including reimbursement to the District for any funds it has advanced;
NOW, THEREFORE, BE IT RESOLVED that the Treasurer is authorized to open up a checking
account at US Bank for the purpose of receiving funds and disbursing funds relating to assessment
district business, and
BE IT FURTHER RESOLVED that the Treasurer is hereby authorized to sign on the account and
that in the Treasurer's absence, the General Manager or the Assistant General Manager is
authorized to sign on the account, and
BE IT FURTHER RESOLVED that the Treasurer will provide a monthly update of the assessment
district activity as part of the monthly treasurer's report.
PASSED AND ADOPTED by the Board of Directors at a meeting duly called and held within the
District on the 15th day of August 2001 by the following roll call vote:
AYES: Aguera, Hemig, Sutton, Van Gundy and Maass.
NOES: None.
ABSENT: None.
TRUCKEE DONNER PUBLIC UTILITY DISTRICT
By
Jam A. Maass, President
ATTEST:
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Peter L. Holzmeister, Clerk of the Board