Resolution No. 1767 ,
RESOLUTION NO. 1767
A RESOLUTION ORDERING TRANSFER OF FUNDS ,
ASSESSMENT DISTRICT NO. 1967 -5
RESOLVED, by the Board of Directors of the South Tahoe Public Utility
District, El Dorado County, California, that
WHEREAS, upon completion of construction of the improvements ordered
pursuant to Resolution of Intention No. 869 , adopted July 20, 1967
and the payment of all expenses incidental thereto, it has been determined that
an unencumbered balance of $ 5,992.02 , remains in the construction
fund for said project, and
WHEREAS, said Resolution of Intention provides that if any excess is
realized from the assessment it shall be spent for the maintenance of the
acquisitions and improvements described in said proceedings, and
WHEREAS, it has been determined that a total sum substantially in excess
of the amount of said surplus has been expended on the maintenance and operation
of said acquisitions and improvements since the completion of their construction,
and,
WHEREAS, it therefore appears that the Revenue Fund of the District has
paid out an amount for the maintenance of said acquisitions and improvements in
excess of the amount of said surplus, and it is in the public interest that the
amount of said surplus be, therefore, transferred to the Revenue Fund of the
District;
NOW, THEREFORE, IT IS ORDERED, as follows:
1. That the unencumbered balance remaining in the construction fund
for said project is the sum of $ 5,992 .02 , which sum is surplus.
2. The amount of said surplus is hereby ordered transferred from the
construction fund of said project to the Revenue Fund of the District.
1 11r!‘iliLt Arl"..&C.4
Acting President of the Board
SOUTH TAHOE PUBLIC UTILITY DISTRICT
(Z.2,c;‘,/
David W. Callahan, Clerk and Ex- officio
Secretary of the Board
SOUTH TAHOE PUBLIC UTILITY DISTRICT
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I hereby certify that the foregoing is a full, true and correct
copy of Resolution No. 1767 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 8th day of
February, 1973, by the following vote:
AYES, Directors: Wakeman, Kortes and Ream
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NOES, Directors: None
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ABSENT, Directors: Fesler, and Hegarty
ihr
David W. Callahan, Clerk and Ex -o 1 ':
Secretary of the Board �.
SOUTH TAHOE PUBLIC UTILITY DISTRICT
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