Resolution 2267
JHHW:SRC:cp 08/11/82 3454C
RESOLUTION N0. 2 2 6 7
- A RESOLUTION DETERMINING UNPAID ASSESSMENTS
AND PROVIDING FOR ISSUANCE OF BONDS
ASSESSMENT DISTRICT 1982-1
(SOUTH TAHOE "Y" WATER IMPROVEMENTS)
RESOLVED, by the Board of Directors of the South Tahoe Public Utility
District, County of E1 Dorado, California, that
WHEREAS, on May 6, 1982, this Board passed and adopted Resolution of
Intention No. 2245 relating to the acquisition and/or construction of public
improvements under and pursuant to the provisions of the Municipal Improvement
Act of 1913, and therein provided that serial bonds would be issued thereunder
pursuant to the provisions of the Improvement Bond Act of 1915, reference to
said Resolution of Intention hereby being expressly made for further
particulars;
WHEREAS, notice of the recordation of the assessment and of the time
within which assessments were to be paid in cash was duly published and mailed
in the manner provided by law, and the time so provided for receiving payment
of assessments in cash expired, and the Finance Officer of this District, the
official who collected the cash payments of said assessments, filed with the
Treasurer of El Dorado County and ex-officio Treasurer of this District, who
peforms the functions of the Treasurer, on August 6, , 1982, a list of all
assessments which remained unpaid; and
WHEREAS, this Board duly considered said list and determined that the
same was an accurate statement thereof;
4 NOW, THEREFORE, IT IS HEREBY DETERMINED AND ORDERED, as follows:
1. List of Unpaid Assessments. The assessments now remaining unpaid
are as shown on said list and on Exhibit "A" attached hereto and by this
reference made a part hereof; the aggregate amount thereof is $140,959.47; and
for a particular description of the lots or parcels of land bearing the
respective assessment numbers set forth in said list, reference is hereby made
to the assessment and to the diagram recorded in the office of the District
Engineer of this District after confirmation thereof by this Board.
2. Issuance of Bonds. Bonds in the aggregate principal amount of
$140,959.47 shall be issued as hereinafter provided upon the security of said
unpaid assessments in accordance with the provisions of the Improvement Bond
Act of 1915 (Division 10 of the Streets and Highways Code) and under and
pursuant to the provisions of said Resolution of Intention and the proceedings
thereunder duly had and taken. The bonds herein provided to be issued shall
be known as "Improvement Bonds, South Tahoe Public Utility District,
Assessment District 1982-1 (South Tahoe "Y" Water Improvements), Series
1982-111, and shall be dated September 2, 1982. Said bonds shall be issued as
coupon bonds, registrable as to principal and interest or as to principal
only, be numbered and of the denominations and mature in the amounts and on
the dates set forth in Exhibit "B" attached hereto and by this reference made
a part hereof.
3. Interest. Said bonds shall bear interest from their date at the
rate or rates determined by this Board at the time of sale of said bonds (not
to exceed twelve percent (12%) per annum, or such higher rate of interest as
may be authorized by applicable law at the time of sale of such bonds),
payable commencing on January 2, 1984, and semiannually thereafter on July 2
and January 2 of each year to maturity.
2
Each bond will continue to bear interest after maturity at the rate
stated therein, provided it is presented at maturity and payment thereof is
refused on the sole ground that there is not sufficient money in the
redemption fund with which to pay same; if it is not presented at maturity,
interest thereon will run only until maturity.
4. Payable. The principal of and interest on said bonds shall be
payable in lawful money of the United States of America at Bank of America
National Trust and Savings Association, the Paying Agent of this District, at
its corporate agency division in San Francisco, California. Principal and
interest on any fully registered bonds and principal on any bonds registered
as to principal only shall be paid to the registered owner by check or warrant
mailed to the address entered in the registry book provided for herein.
5. Form. The coupon bonds, the registration endorsement thereon and
the coupons to be attached to such bonds shall be substantially in the forms
set forth in Exhibit "C" attached hereto and incorporated herein by reference,
the blank spaces therein to be filled in to conform to the provisions of this
resolution.
6. Execution. Said bonds shall be executed on behalf of the District
and under its official seal by said County Treasurer and ex-officio Treasurer
of the District and by its Clerk and ex-officio Secretary of the Board of
Directors, and the coupons attached to the coupon bonds shall be executed by
said County Treasurer and ex-officio Treasurer of the District, whose
signature may be reproduced on the bonds and on the coupons by engraved,
printed or lithographed facsimile thereof, and the official seal may be placed
on the bonds in like manner; such signing and sealing shall constitute and be
a sufficient and binding execution of each and every one of said bonds and of
any coupons thereon, respectively.
3
If any officer whose signature appears on said bonds or on any coupons
thereon ceases to be such officer before the delivery of said bonds to the
purchaser thereof, such signature shall be as valid as if such officer had
remained in office until the delivery of said bonds.
7. Preparation and Delivery of Bonds. The Finance Officer is hereby
directed to cause said bonds to be prepared in accordance with this resolution
and to deliver same upon their completion and execution to the purchaser
thereof, upon receipt of the purchase price therefor, and upon the performance
of the conditions contained in the accepted bid for the bonds, as determined
by this Board.
8. Improvement Fund. Said Finance Officer shall keep an improvement
fund designated by the name and/or number of the improvement or assessment
district, into which shall be placed the proceeds received from the sale of
said bonds, including any premium (except that any interest accrued from the
date of the bonds to the date of delivery thereof shall be placed in the
redemption fund provided for herein). All moneys in said fund shall be
withdrawn only upon checks or warrants of the South Tahoe Public Utility
District and shall be applied exclusively to the payment of the cost of the
acquisitions and/or construction of the improvements described in the
proceedings under and pursuant to said Resolution of Intention, as now or
hereafter changed or modified by appropriate legal proceedings, and all
expenses incidental thereto. Any surplus remaining after payment of all costs
and all legal charges, claims and expenses shall be used as set forth in said
proceedings.
9. Redemption Fund. Said Finance Officer shall keep a redemption fund
designated by the name of the bonds, into which shall be placed any accrued
4
interest for the
period from the date of said bonds to the date of delivery
thereof and all sums received from the collection of unpaid assessments
provided for in Section 11 hereof, and of the interest and penalties thereon,
and from which fund disbursement shall be made to pay the principal or advance
redemption price of the bonds and the interest due thereon.
10. Bond Register. The Finance Officer shall keep or cause to be kept
a register showing the series, number, date, amount, rate of interest, the
last known holder of each bond, and the number and amount of each interest
coupon paid, and shall cancel or cause to be canceled each bond and coupon
paid.
11. Collection of Unpaid Assessments. The unpaid assessments shown on
said list, together with the interest thereon, shall be payable in annual
series corresponding in number to the number of serial maturities of the bonds
issued. An annual proportion of each unpaid assessment shall be payable in
each year preceding the date of maturity of each of the several series of
bonds issued, sufficient to pay the bonds when due, and such proportion of
each unpaid assessment coming due in any year, together with the annual
interest thereon, shall be payable in the same manner and at the same time and
in the same installments as the general taxes on real property are payable,
and become delinquent at the same times and in the same proportionate amounts
and bear the same proportionate penalties and interest after delinquency as do
the general taxes on real property. All sums received from the collection of
said unpaid assessments and of the interest and penalties thereon shall be
placed in the redemption fund provided for herein.
12. Redemption Prior to Maturity. Each bond outstanding may be
redeemed and paid in advance of maturity upon the second day of January or
5
July in any year by giving at least 60 days notice and by paying the principal
amount thereof together with a premium equal to 5% of the principal plus
interest to the date of advanced maturity, unless sooner surrendered, in which
event said interest will be paid to the date of payment, all in the manner and
as provided in the Improvement Bond Act of 1915.
The provisions of Part 11.1 of the Improvement Bond Act of 1915 are
applicable to the advance payment of assessments and to the calling of said
bonds.
The Finance Officer shall call for redemption and retire bonds upon
prepayment of assessments in amounts sufficient therefor, or whenever
sufficient surplus funds are available therefor in the redemption fund. In
selecting bonds for retirement, the lowest numbered bonds of the various
annual maturities shall be chosen pro rata in a manner intended to disturb as
little as possible the relationship of unpaid assessments to bonds outstanding.
13. Registration Book. The Finance Officer shall keep or cause to be
kept an appropriate book showing at all times which of said bonds are
registered and in whose names, and, upon presentation of bonds for such
purpose, the Finance Officer shall, pursuant to such reasonable regulations as
the Finance Officer may prescribe, register or transfer or cause to be
registered or transferred, in said registry book, any of said bonds presented
for such purposes.
14. Registration and Transfer of Coupon Bonds. Each coupon bond herein
authorized may be registered as to both principal and interest or as to
principal only, upon the written request of the holder and upon presentation
of the bond to the Paying Agent for such purpose.
6
(a) Principal and Interest. When a coupon bond is presented for
registration as to both principal and interest, the coupons shall be removed
therefrom and canceled (or preserved in a place of safekeeping, at the option
of the Paying tiAgent), and the number of the bond, the name and address of the
holder in whose name it is to be registered, the date of such registration and
a notation that the bond is registered as to both principal and interest shall
be entered in the registry book, and appropriate endorsement thereof shall be
made by the Paying Agent in the space provided therefor on the back of the
bond. Until such registration is discharged as hereinafter provided, the
interest when due shall be payable only to the registered owner and the
principal when due shall be payable only to such owner upon surrender of the
bond to the Paying Agent.
(b) Principal Only. When a coupon bond is presented for registration
as to principal only, the entries specified in the preceding paragraph shall
be made in the registry book and on the bond, except that a notation in said
book and on said bond shall indicate that the bond is registered as to
principal only. In such case, the coupons remain negotiable and transferable
by delivery and shall not be removed from the bond. Interest on such bond
shall be paid to or upon the order of the person presenting the coupons for
payment; principal, however, shall be paid only to the registered owner upon
surrender of such bond to the Paying Agent.
(c) Transfer. A registered coupon bond may be transferred only by the
registered owner, in person or by attorney duly authorized in writing, by a
written instrument of transfer in form acceptable to the Finance Officer, and
7
by the Paying Agent endorsing such transfer on the bond and in the registry
book. No transfer shall be required to be made during the fifteen (15) days
next preceding an interest payment date.
(d) Discharge from Registration. A registered coupon bond may be
discharged from registration upon written request of the registered owner. In
such case, the Paying Agent shall transfer the bond to bearer by appropriate
endorsement on the bond and in the registry book, cause all unmatured coupons
that have been removed from the bond to be reattached to the bond (such
coupons to be reprinted, if necessary), and deliver the bond and coupons to
the owner, and thereupon negotiability and transferability by delivery shall
be restored.
(e) Re registration. Coupon bonds that have been discharged from
registration are subject to successive registrations and transfers in the
manner heretofore provided.
(f) Charges. The person requesting registration, transfer or discharge
from registration of coupon bonds shall, as a condition precedent to the
exercise of such privilege, pay the reasonable charges of the Paying Agent
therefor, if any, including any cost of reprinting the coupons and any tax or
other governmental charge required to be paid with respect thereto.
15. Advances from Available Surplus Funds. The District shall be the
purchaser of property upon which payment of an annual installment of principal
and interest due upon any of said unpaid assessments is delinquent, in like
manner in which it becomes or may become the purchaser of property sold for
the nonpayment of general taxes, and shall transfer from available surplus
funds into the redemption fund for said bonds, as an advance recoverable upon
sale or redemption of the property, the amount of the delinquent unpaid
8
1
assessment installment upon which said sale is made. The District shall also
pay and transfer from available surplus funds into said redemption fund, as an
advance recoverable upon sale or redemption of the property, the amount of any
future delinquent unpaid assessment installments on such property pending
redemption.
16. Reserve Fund. Upon placement of the proceeds from the sale of said
bonds in the improvement fund, the Finance Officer shall forthwith transfer
the sum of $14,095.94 from said fund into a special reserve fund, which shall
be designated by the name and/or number of the improvement or assessment
district. The money in said special fund shall be administered by the Finance
Officer in accordance with and pursuant to the provisions of Part 16 of the
Improvement Bond Act of 1915, provided only that proceeds from (1) investment
of moneys in the reserve fund and (2) redemption or sale of the properties
with respect to which payment of delinquent assessments and interest thereon
was paid from the reserve fund, shall be credited to the reserve fund only to
the extent that the amount credited to the reserve fund will not result in the
bonds becoming "arbitrage bonds" as defined in Section 103(c) of the Internal
Revenue Code of 1954, as amended, and regulations promulgated by the United
States Department of the Treasury thereunder. To the extent that such
proceeds, or any portion thereof, would cause the bonds to become "arbitrage
bonds" if credited to the reserve fund and invested at a higher yield than
permitted by said Section 103(c) and said regulations, then such proceeds, or
portion thereof, shall be credited upon the assessments, provided only that in
the event crediting of any portion of such proceeds upon assessments not
theretofore paid in full in cash would result in moneys in the bond redemption
9
fund remaining therein for a period of more than twelve (12) months, then any
portion of such proceeds which would otherwise remain in the bond redemption
fund for a -period of more than twelve (12) months shall be used to call bonds
prior to their maturity date on the earliest call date next succeeding the
deposit thereof in the redemption fund.
17. Investment of Funds. Moneys in the Redemption Fund, the Reserve
Fund and the Improvement Fund shall, whenever practicable, be invested in
legal investments for the South Tahoe Public Utility District under applicable
law for the moneys held pursuant to this resolution at the time when any of
such moneys are to be invested therein. Any income therefrom or interest
thereon shall accrue to and be deposited in the fund from which said moneys
were invested.
18. Covenant to Foreclose. The District hereby covenants with and for
the benefit of the holders of the bonds that it will order, and cause to be
commenced within 120 days following the date of delinquency, and thereafter
diligently prosecuted, an action in the superior court to foreclose the lien
of any assessment or installment thereof not paid when due, pursuant to and as
provided in Sections 8830 through 8835, inclusive, of the Streets and Highways
Code of the State of California, provided that (a) the alternate method of tax
apportionment (Sections 4701 through 4717 of the California Revenue and
Taxation Code) is no longer applied by the County of E1 Dorado to special
assessments for which bonds have been issued pursuant to the Improvement Bond
Act of 1915, for any reason whatsoever.
19. Non-Arbitrage Covenant. The District hereby covenants with the
holders of the bonds that it will make no use of the proceeds of said bonds at
10
any time during the term thereof which, if such use had been reasonably
expected on the date said bonds were issued, would have caused said bonds to
be arbitrage bonds within the meaning of Section 103(c) of the Internal
Revenue Code` of 1954, as amended, and the Temporary and Proposed Treasury
Regulations promulgated thereunder.
20. Certificate as to Non-Arbitrage. On the basis of the facts,
estimates and circumstances now in existence and in existence on the date of
issue of said bonds, as determined by the Finance Officer, said Finance
Officer is authorized to certify that it is not expected that the proceeds of
said issue will be used in a manner that would cause such obligations to be
arbitrage bonds. Such certification shall be delivered to the purchaser of
said bonds at the time of delivery of and payment for said bonds.
21. Certified Copies. The Clerk and ex-officio Secretary of the Board
of Directors shall furnish a certified copy of this resolution V to the Finance
Officer and to the Auditor of the County of E1 Dorado.
Pre nt
JAPES JONES
SOUTH TAHOE PUBLIC UTILITY DISTRICT
ATTEST:
4eCryk AAr~cggoffSSiccEio Secretary
SOUTH TAHUERqIISL'IC UTILITY DISTRICT
11
I hereby certify that the foregoing is a full, true and correct copy of
Resolution No. 2267 - duly and regularly adopted by the Board of Directors of
the South Tahoe Public Utility District, E1 Dorado County, California, at a
meeting thereof duly held on the 26th day of August 1982, by the
following Vbte:
AYES, ahd in favor thereof, Directors:
JONES, OLSON, KASHUBA, MADDEN AND WYNN
NOES, Directors: NONE
ABSENT, Directors: NONE
er n ex officio Secretary
South T oe Public Utility District
12
LIST OF UNPAID ASSESSMENTS
SOUTH TAHOE PUBLIC UTILITY DISTRICT
ASSESSMENT DISTRICT 1982-1
(SOUTH TAHOE "Y" WATER I1,1PROVEMENTS)
WHEREAS, an assessment and diagram were recorded in the office of the
District Engineer of the South Tahoe Public Utility District on June 23, 1982,
for the acquisition and construction of the improvements described in the
proceedings taken pursuant to Resolution of Intention No. 2245, adopted by the
Board of Directors of the South Tahoe Public Utility District on May 6, 1982;
WHEREAS, notice of said recordation and of the place where and the time
within which the individual assessments could be paid, in whole or in part,
has been duly given in the time and form provided by law, and the time so
provided for such payments has expired;
NOW, THEREFORE, the undersigned Finance Officer of the South Tahoe
Public Utility District, being the person who received pay-iients of
assessments, does hereby certify that Exhibit "A" attached hereto, and by this
reference made a part hereof, is a true, correct and complete list of all
assessments remaining unpaid upon said assessment and that this List of Unpaid
Assessments was filed in my office on t3 1982.
The total amount of assessments unpaid is $140,959.47.
Dated: D ~3 1982.
Finance Officer of the South Tahoe
Public Utility District
I, thee undersigned County Treasurer of the County of El Dorado and
ex-officio Treasurer of the South Tahoe Public Utility District, hereby
certify that this List of Unpaid Assessments was filed with e by the Finance
Officer of the South Tahoe Public Utility D"strict on 1982.
County Treasures- and ex-officio
Treasurer of~ he South Tahoe
Public Utility District
LIST OF UNPAID ASSESSMENTS
NAME OF ENTITY
PROJECT DESIGNATION
Assessment Assessor's Amount of
Number Parcel No. Assessment Unpaid
5 023-201-20 1,054.53
7 023-201-11 .00
8 023-201-12 3,106.45
9 023-201-40 1,059.97
10 023-201-66 547.58
11 023-201-65 547.58
12 023-201-72 1,601.53
13 023-201-53 6,211.93
14 023-211-13 3,805.35
15 023-201-46 737.77
16 023-201-64 606.10
17 023-201-36 529.98
18 023-201-37 529.98
19 023-201-45 1,144.75
20 023-201-43 529.98
21 023-201-44 529.98
22 023-201-71 1,077.57
25 023-211-45 3,064.73
29 023-201-61 1,443.94
30 023-201-42 1,095.17
31 023-201-51 1,182.78
32 023-201-63 1,095.17
33 023-201-55 611.50
35 023-201-26 3,432.30
36 023-201-57 1,553.25
37 023-201-58 1,553.25
38 023-201-69 3,106.45
39 023-201-02 3,106.45
40 023-201-38 1,025.58
41 023-201-59 1,114.76
43 023-211-01 3,106.45
44 023-311-35 533.78
45 023-311-34 1,531.11
46 023-311-13 1,553.25
47 023-311-27 1,553.25
48 023-311-48 1,553.25
49 023-311-53 6,268.26
50 023-311-42 923.33
51 023-311-23 1,016.48
EXHIBIT A
(i)
A
52 023-311-46 1,457.78
53 023-311-41 959.64
54 023-311-47 1,203.91
55 023-311-40 940.24
56 _ 023-311-44 1,553.25
57 023-311-45 1,553.25
58 023-311-10 772.89
59 023-311-11 772.89
61 023-311-02 3,106.45
63 023-311-30 1,553.25
66 023-211-03 3,106.45
68 023-211-05 3,106.45
69 023-211-42 1,126.04
70 023-211-39 1,126.04
75 023-211-43 2,252.13
77 023-211-30 563.00
79 023-211-32 563.00
80 023-211031 563.00
81 023-211-29 737.77
82 023-211-28 1,514.38
83 023-211-25 2,252.13
85 023-211-15 481.08
88 023-211-21 1,553.25
89 023-211-22 1,553.25
90 023-211-19 3,106.45
91 023-211-35 2,915.93
92 023-211-36 889.42
93 023-221-22 2,252.13
95 023-221-09 3,106.45
96 023-221-32 1,067.00
97 023-221-34 1,068.72
98 023-221-33 957.58
99 023-221-11 1,351.45
100 031-020-17 5,167.20
101 031-020-27 1,989.19
103 023-221-28 1,897.99
105 023-221-35 635.78
106 023-221-46 808.15
107 023-221-45 808.15
109 023-221-12 1,193.73
110 023-221-18 1,902.69
112 023-221-13 1,120.15
113 023-221-23 1,059.97
114 023-221-50 754.28
115 023-221-52 754.28
116 023-221-53 743.54
117 023-221-39 4,202.87
119 023-221-44 977.70
TOTAL: $140,959.47
EXHIBIT A
(ii)
$140,959.47 IMPROVEMENT BONDS
SERIES 1982-1
SOUTH TAHOE PUBLIC UTILITY DISTRICT
ASSESSMENT DISTRICT 1982-1
(SOUTH TAHOE "Y" WATER IMPROVEMENTS)
Coupon Maturity
Bond Numbers Principal Date
(Inclusive) Denomination Amount Jul 2
1 $ 959.47 $ 959.47 1984
2-5 1,000.00 4,000.00 1984
6-9 1,000.00 4,000.00 1985
10-14 1,000.00 5,000.00 1986
15-19 1,000.00 5,000.00 1987
20-25 1,000.00 6,000.00 1988
26-32 1,000.00 7,000.00 1989
33-39 1,000.00 7,000.00 1990
40-47 1,000.00 8,000.00 1991
48-56 1,000.00 9,000.00 1992
57-67 1,000.00 11,000.00 1993
68-79 1,000.00 12,000.00 1994
80-92 1,000.00 13,000.00 1995
93-107 1,000.00 15,000.00 1996
108-123 1,000.00 16,000.00 1997
124-141 1,000.00 18,000.00 1998
EXHIBIT B
COUPON BOND FORM. The coupon bonds shall be substantially in the following
orm:
UNITED STATES OF AMERICA
STATE OF CALIFORNIA COUNTY OF EL DORADO
SOUTH TAHOE PUBLIC UTILITY DISTRICT
IMPROVEMENT BOND
ASSESSMENT DISTRICT 1982-1
(SOUTH TAHOE "Y" WATER IMPROVEMENTS)
SERIES 1982-1
BOND NO. $
Under and by virtue of the Improvement Bond Act of 1915, Division 10 of
the Streets and Highways Code, the South Tahoe Public Utility District, State
of California, will, on the second day of July, out of the redemption
fund for the payment of the bonds issued upon the unpaid portion of the
assessments made for the acquisition, work and improvements more fully
described in the proceedings taken pursuant to Resolution of Intention No.
2245, adopted by the Board of Directors of the South Tahoe Public Utility
District on the 6th day of May, 1982, pay to bearer (or, if this bond is
registered as herein provided, to the registered owner hereof) the sum of
DOLLARS )
with interest thereon from the 2nd day of September, 1982, at the rate of
twelve percent (12%) per annum, all as is hereinafter specified, at Bank of
America National Trust and Savings Association, the Paying Agent of the South
Tahoe Public Utility District, at its corporate agency division in San
Francisco, California.
This bond is one of several annual series of bonds of like date, tenor
and effect, but differing in amounts and maturities, issued by the South Tahoe
Public Utility District under said law for the purpose of providing means for
paying for the acquisition, work and improvements described in said
proceedings, and is secured by the moneys in said redemption fund and by the
unpaid portion of the assessments made for the payment of said acquisition,
work and improvements, and, including principal and interest, is payable
exclusively out of said fund.
The interest is payable semiannually, to wit: On the second days of
January and July in each year hereafter, upon presentation of the proper
coupons therefor; provided, that the first of said coupons is for the interest
to the second day of January, 1984, and thereafter the interest coupons are
for the semiannual interest.
This bond will continue to bear interest after maturity at the rate
above stated; provided, it is presented at maturity and payment thereof is
refused upon the sole ground that there is not sufficient money in said
EXHIBIT C
redemption fund with which to pay same; if it is not presented at maturity,
interest thereon will run until maturity.
This bond may be registered as to principal and interest or as to
principal only, with the privilege of transfer, discharge from registration
and successive registration, upon written request of the owner and
presentation of the bond to the Paying Agent and payment of the charges, if
any, all as set forth in the resolution providing for the issuance hereof.
This bond may be redeemed and paid in advance of maturity upon the
second day of January or July in any year by giving the notice provided in
said law and by paying principal and accrued interest together with the
premium equal to five per centum of the principal.
IN WITNESS WHEREOF, the South Tahoe Public Utility District has caused -
this bond to be signed by the Treasurer of El Dorado County and ex-officio
Treasurer of the South Tahoe Public Utility District and by its Clerk and
ex-officio Secretary, has caused the coupons attached hereto to be signed by
said E1 Dorado County and ex-officio Treasurer of the South Tahoe Public
Utility District, and has caused said Clerk and ex-officio Secretary to affix
hereto its official seal, all on the 2nd day of September, 1982.
Clerk and ex-officio Secretary of Treasurer of El Dorado County and
the South Tahoe Public Utility ex-officio Treasurer of the South
District Tahoe Public Utility District
(SEAL)
COUPON FORM. The coupons to be attached to the coupon bonds shall be
substantially in the following form:
THE SOUTH TAHOE PUBLIC UTILITY DISTRICT,
County of E1 Dorado, California, Due 29
will, on the due date hereof,
unless the bond specified herein is
redeemed prior thereto, pay to bearer $
the sum hereon at Bank of America
National Trust and Savings Association,
the Paying Agent of the South Tahoe
Public Utility District, at its corporate
agency division in San Francisco, Coupon No.
California, as interest on its IMPROVEMENT
BOND designated ASSESSMENT DISTRICT 1982-1
(SOUTH TAHOE "Y" WATER IMPROVEMENTS),
SERIES 1982-1, dated September 2, 1982. Bond No.
Treaurer of the County of E1 Dorado and
ex-officio Treasurer of the South Tahoe
Public Utility District
EXHIBIT C
(ii)
REGISTRATION FORM: The form of endorsement for registration on the
coupon bonds shall be substantially as follows:
This bond is registered in the name of the registered owner last entered
below and both the principal of and interest on this bond are payable only to
such owner, unless registered as to principal only, in which event the
principal is so payable; provided, however, that this bond may be registered
to bearer and thereby discharged from registration and the negotiability
hereof restored.
Note: No writing below except by the Paying Agent of the South Tahoe Public
Utility District
Date of Type of Name and Address Signature of
Registry Registration* of Registered Owner *Paying Agent*QQQ*
Prrincipa~ on Ty
and Interest
Principal only
and Interest
Principal only
and Interest
Principal only
and Interest
*If registration is as to principal only, strike the words "and Interest"; if
as to principal and interest, strike the word "only".
EXHIBIT C
(iii)
1 w.
LIST OF UNPAID ASSESSMENTS
SOUTH TAHOE PUBLIC UTILITY DISTRICT
ASSESSMENT DISTRICT 1982-1
(SOUTH TAHOE "Y" WATER IMPROVEMENTS)
WHEREAS, an assessment and diagram were recorded in the office of the
District Engineer of the South Tahoe Public Utility District on June 23, 1982,
for the acquisition and construction bf the improvements described in the
proceedings taken pursuant to Resolution of Intention No. 2245, adopted by the
Board of Directors of the South Tahoe Public Utility District on May 6, 1982;
WHEREAS, notice of said recordation and of the place where and the time
within which the individual assessments could be paid, in whole or in part,
has been duly given in the time and form provided by law, and the time so
provided for such payments has expired;
NOW, THEREFORE, the undersigned Finance Officer of the South Tahoe
Public Utility District, being the person who received payments of
assessments, does hereby certify that Exhibit "A" attached hereto, and by this
reference made a part hereof, is a true, correct and complete list of all
assessments remaining unpaid upon said asses ment and that this List of Unpaid
Assessments was filed in my office on 1-3 , 1982.
The total amount of assessments unpaid is $140,959.47.
Dated: D ~3 1982.
Finance Officer of the South Tahoe
Public Utility District
I, the undersigned County Treasurer of the County of El Dorado and
ex-officio Treasurer of the South Tahoe Public Utility District, hereby
certify that this List of Unpaid Assessments was filed with e by the Finance
Officer of the South Tahoe Public Utility District on ~3 1982.
County Treasur r and ex-officio
Treasurer of he South Tahoe
Public Utility District
r`
PRESIDENT
SOUTH TAHOE PUBLIC UTILITY DISTRICT JAMES R. JONES
Sewer .1950. Water A PUBLIC AGENCY DIRECTORS
"NE OLSON
P,O. Box AU South Lake Tahoe, California 95705 Phone (916) 544-6474 LOWALTER RRENE AAL" UBA
1275 Meadow Crest Drive MICKEY EY MADDEN
DDEN
JOHN WYNN
August 27, 1982
Mr. Steve Casaleggio
Jones, Hall, Hill & White
Four Embarcadero Center,
Suite #1950
San Francisco, CA 94111
Dear Steve:
Enclosed are certified copies of Ordinance No. 344 and also
Resolution No. 2267, adopted by the Board of Directors on the
26th of August 1982.
Very truly yours,
SOUTH TAHOE PUBLIC UTILITY DISTRICT
Mary D. Ambrose
Clerk of Board
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Encl.
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