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Placer County agrees to participate in financing authority JPA with Tahoe City Public Utility District
Summary
The board adopted a resolution to form a joint powers authority with the Tahoe City Public Utility District allowing the district to pursue financing for water infrastructure improvements; county officials said the county will not be financially liable for the district's debt.
The Placer County Board of Supervisors adopted a resolution authorizing the county executive officer to enter into a joint exercise of powers agreement to form the Tahoe City Public Utilities District Public Financing Authority, a new JPA to enable the Tahoe City Public Utility District to finance needed infrastructure improvements.
Tristan Butcher, Placer County Treasurer‑Tax Collector, told the board the district approached the county seeking a vehicle to access market…
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