Resolution No. 1793 r..
WJML :RJH:gbl 4/26/73 8c
‘11, 01
\)
RESOLUTION NO 1793
A RESOLUTION ORDERING REDUCTION OF CONTRIBUTION
AND TRANSFER OF FUNDS
ASSESSMENT DISTRICT 1970 -2
RESOLVED, by the Board of Directors of the South Tahoe Public
Utility District, El Dorado County, California, that
WHEREAS, said Board, pursuant to Resolution of Intention No.
1554, adopted May 6, 1971, as subsequently amended, provided for
the acquisition and construction of certain public improvements and
for the levy of assessments to pay the costs thereof, all as therein
particularly described;
WHEREAS, upon completion of construction of said improvements
and of said acquisitions, and the payment of all costs thereof and
expenses incidental thereto, except payment for certain easements
being acquired by eminent domain proceedings, a balance of
$45,527.73 remains in the Construction Fund for said project;
WHEREAS, the sum of $10,000.00 is adequate to cover payment
for said easements;
WHEREAS, by Resolution No. 1593, adopted August 26, 1971,
this Board declared its intention that said Utility District con-
tribute $100,000.00 toward the estimated cost of the project to
k w cover a portion of the costs of the improvements to be constructed;
NOW, THEREFORE, IT IS DETERMINED AND ORDERED as follows:
1. That an unencumbered balance of $35,527.73 remaining in
the Construction Fund for said project is surplus;
2. That said contribution by said Utility District be and
is hereby reduced to $64,472.27.
3. That the amount of said surplus, $35,527073, shall be
transferred to the General Fund of the South Tahoe Public Utility
District.
President
South Tahoe Public Utility District
ATTEST:
Clerk and Ex officio Secretary
* * *
I hereby certify that the foregoing is a full, true and cor-
rect copy of Resolution No. 1793 duly and regularly adopted by
the Board of Directors of the South Tahoe Public Utility District,
El Dorado County, California, at a meeting thereof duly held on the
3 day of May , 1973, by the following vote:
AYES, and in favor thereof, Directors: Wakeman
Kortes
Fesler
Hegarty
Ream
NOES, Directors: None
ABSENT, Directors: None
Clerk and Ex officio Secretary
South Tahoe Public Utility District
-2-