Loading...
AP 01-23-02 SpecialSOUTH TAHOE PUBLIC UTILITY DISTRICT "Basic Services for a Complex World" NOTICE OF SPECIAL BOARD MEETING Wednesday, January 23, 2002 12:00 - 1:00 P.M. District Office 1275 Meadow Crest Drive, South Lake Tahoe, Califomia Robert G. Baer General Mana , er Duane Wallace, President Cathie Becker, Director BOARD MEMBER Ma Lou Mosbacher, Director Richard Solbri . Assistant Mane • er James R. Jones, Vice President Eric W. Schafer, Director AGENDA 1. CALL SPECIAL MEETING TO ORDER 2. ITEMS FOR BOARD ACTION REQUESTED BOARD ACTION a. Reimbursement for Real Property Adopt Resolution Authorizing Advance Acquisition Purchase of Real Property and Later (Rhonda McFarlane) Financing Purchase with a Tax Exempt Obligation b. Relocation Assistance Guidelines (Gary Kvistad) 3. ADJOURNMENT South Tahoe Public Utility District • 1275 Meadow Crest Drive, South Lake Tahoe, CA 96150 • Phone 530.544.6474 • Facsimile 530.541.0614 Adopt Resolution Adopting Relocation Assistance Guidelines in Connection with Acquisition of Real Property by Eminent Domain SOUTH TAHOE PUBLIC UTILITY DISTRICT i . • BOARD AGENDA ITEM TO: BOARD OF DIRECTORS FR: Rhonda McFarlane, Chief Financial Officer RE: BOARD MEETING January 23, 2002 AGENDA ITEM: ACTION ITEM NO: a- • CONSENT CALENDAR ITEM NO: ITEM - PROJECT NAME: REIMBURSEMENT FOR REAL PROPERTY ACQUISITION REQUESTED BOARD ACTION: Adopt Resolution regarding its intention to issue tax - exempt wastewater obligations DISCUSSION: The District is seeking to acauire the F. Heise Land & Livestock real property in Alpine County for use in the wastewater export system. To facilitate the purchase, the District intends to advance the purchase price for the property and to later finance the purchase with a tax exempt obligation. To allow a future tax exempt obligation offering subsequent to advancing the purchase price it is necessary to adopt this reimbursement resolution. SCHEDULE: COSTS: ACCOUNT NO: BUDGETED AMOUNT REMAINING: ATTACHMENTS: Resolution CONCURRENCE WITH REQUESTED ACTION: GENERAL MANAGER: YES NO CHIEF FINANCIAL OFFICER: YES NO CATEGORY: GENERAL WATER SEWER X 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 RESOLUTION NO, A RESOLUTION OF THE BOARD OF DIRECTORS OF THE SOUTH TAHOE PUBLIC UTILITY DISTRICT REGARDING ITS INTENTION TO ISSUE TAX- EXEMPT WASTEWATER OBLIGATIONS WHEREAS, the South Tahoe Public Utility District (the "Borrower") desires to finance the costs of acquiring real estate and improvements for use in the wastewater system, identified as Assessor Parcel Numbers: 1- 080 -80, 1- 080 -81, 1- 080 -82, 1- 080 -56, 1- 080 -60, 1- 200 -01, 1- 200 -10, and 1- 200 -11 (the 'Property'); and WHEREAS, the Borrower intends to finance the acquisition of the Property with proceeds of the sale of obligations the interest upon which is excluded from gross income for federal income tax purposes (the "Obligation "); and WHEREAS, prior to the issuance of the Obligations, the Borrower desires to advance the purchase price (the "Expenditures ") with respect to the Property from available moneys of the Borrower; and WHEREAS, the Board of Directors of the Borrower has determined that those moneys to be advanced on and after the date hereof to pay the Expenditures are available only for a temporary period and it is necessary to reimburse the Borrower for the Expenditures from the proceeds of the Obligations; and NOW, THEREFORE, THE BOARD OF DIRECTORS OF THE SOUTH TAHOE PUBLIC UTILITY DISTRICT HEREBY RESOLVES, ORDERS, AND DETERMINES AS FOLLOWS: 1) The Borrower hereby states its intention and reasonably expects to reimburse Property costs incurred prior to the issuance of the Obligations with proceeds of the Obligations. 2) The reasonably expected principal amount of the Obligation is $4,850,000. 3) This resolution is adopted as official action of the Borrower in order to comply with Treasury Regulation Section 1.150 -2 and any other regulations of the Internal Revenue Service relating to the qualification for reimbursement of Borrower Expenditures incurred prior to the date of issue of the Obligation. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 Resolution 2735 -02 Page 2 4) All the recitals in this resolution are true and correct and the Board of Directors so finds, determines and represents. PASSED AND ADOPTED at a duly held Special Board Meeting of the Board of Directors of the South Tahoe Public Utility District on the 23`d day of January 2002, by the following votes: AYES: NOES: ABSENT: Duane Wallace, Board of President South Tahoe Public Utility District ATTEST: Kathy Sharp, Clerk of the Board and Ex- officio Secretary to the Board of Directors SOUTH TAHOE PUBLIC UTILITY DISTRICT BOARD AGENDA ITEM TO: BOARD OF DIRECTORS FR: Gary Kvistad, General Counsel RE: BOARD MEETING January 073_1 2002 AGENDA ITEM: ACTION ITEM NO: b. CONSENT CALENDAR ITEM NO: ITEM - PROJECT NAME: RELOCATION ASSISTANCE GUIDELINES REQUESTED BOARD ACTION: Adopt Resolution adopting relocation assistance guidelines in connection with acquisition of real property by eminent domain DISCUSSION: Califomia's Relocation Assistance Act (Act) (Govt C. § §7260 -7277) provides that any public entity acquiring real property for a public use shall adopt regulations goveminq relocation assistance. The regulations that a public entity adopts must conform with the Relocation Assistance Guidelines adopted by the Califomia Department of Housing and Community Development (Guidelines) (25 Cal Code Regs §§6000 - 6198). Most public entities that are subject to the Act, and are therefore required to adopt regulations goveminq relocation assistance, simply adopt by reference the Guidelines set forth by the California Department of Housing and Community Development. By adopting the Guidelines by reference, an entity will be afforded the benefit of following established regulations, which will always be in conformity with state law. The Guidelines were designed to carry out the policies of the Act. Those policies include, among other things, the desire "To ensure that uniform, fair and equitable treatment is afforded persons displaced from their homes, businesses or farms as a result of public entity (Discussion continued on next page) SCHEDULE: COSTS: ACCOUNT NO: BUDGETED AMOUNT REMAINING: ATTACHMENTS: Resolution CONCURRENCE WITH REQUESTED ACTION: CATEGORY: GENERAL MANAGER: YES NO GENERAL CHIEF FINANCIAL OFFICER: YES NO WATER SEWER X Continued from Page One: actions in order that such persons shall not suffer disproportionate injury as a result of action taken for the benefit of the public as a whole." (25 Cal Code Regs §6002). The Guidelines are intended to establish minimum requirements for relocation assistance and payments. A public entity is entitled to provide more than the minimum requirements for assistance and payments, but at no time may an entity fall below the set minimums. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 RESOLUTION NO. A RESOLUTION OF THE BOARD OF DIRECTORS OF THE SOUTH TAHOE PUBLIC UTILITY DISTRICT ADOPTING THE STATE OF CALIFORNIA RELOCATION ASSISTANCE GUIDELINES WHEREAS, the South Tahoe Public Utility District (District) is a California public entity authorized to acquire property by eminent domain pursuant to the California Relocation Assistance Act (Act); and WHEREAS, Government Code section 7267.8 requires that any public entity acquiring real property for a public use shall adopt rules and regulations to implement payments and to administer relocation assistance; and WHEREAS, these rules and regulations governing relocation assistance are required to be in accordance with the Relocation Assistance Guidelines adopted by the State of Califomia Department of Housing and Community Development; and WHEREAS, the Relocation Assistance Guidelines adopted by the State of California Department of Housing and Community Development are contained in the California Code Regulations, at volume 25, sections 6000 -6098 (Guidelines); and WHEREAS, the purpose of the Guidelines is to provide regulations and procedures to assist in implementation of the Act; and WHEREAS, the District desires to adopt the Guidelines in order to comply with the Government Code section 7267.8 and establish rules and regulations to implement payments and to administer relocation assistance. NOW, THEREFORE, BE IT RESOLVED AS FOLLOWS: 1) The recitals stated above are true and correct and are incorporated into this Resolution by this reference as though fully stated in it. 2) The District adopts by reference the State of California Department of Housing and Community Development Relocation Assistance Guidelines contained in the California Code Regulations, at volume 25, sections 6000- 6098. The Guidelines are incorporated into this resolution by this reference 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 Resolution No. Page 2 as though fully stated in it. 3) The General Manager of the District is directed to take any additional action necessary and appropriate to implement this Resolution. PASSED AND ADOPTED at a duly held Special Meeting of the Board of Directors of the South Tahoe Public Utility District on the 23rd day of January, 2002, by the following votes: AYES: NOES: ABSENT: Duane Wallace, President South Tahoe Public Utility District ATTEST: Kathy Sharp, Clerk of the Board and Ex- officio Secretary to the Board of Directors APPROVED AS TO FORM: HATCH and PARENT By Gary M. Kvistad, General Counsel