Resolution No. 1648 WJM &L:RJH:S:zw 11/10/71 12c
RESOLUTION NO. 1648
A RESOLUTION DETERMINING UNPAID ASSESSMENTS AND
PROVIDING FOR ISSUANCE OF BONDS
ASSESSMENT DISTRICT 1970 -2
RESOLVED, by the Board of Directors of the South Tahoe Public
Utility District, El Dorado County, California, that
WHEREAS, this Board did on May 6, 1971, pass and adopt its Reso-
lution of Intention No. 1554, as subsequently amended, relating to
the acquisition and construction of public improvements in said District
under and pursuant to the provisions of the Municipal Improvement Act
of 1913 and amendments thereto, and did therein provide that serial
bonds would be issued thereunder pursuant to the provisions of the
Improvement Bond Act of 1915, reference to said Resolution of Intention,
as amended, hereby being expressly made for further particulars;
WHEREAS, notice of the recordation of the assessment and of the
time within which assessments may be paid in cash has been duly pub-
lished and mailed in the manner provided by law, and the time so
provided for receiving the payment of assessments in cash has expired,
and the Clerk of said District has filed with the County Treasurer of
El Dorado County and ex- officio Treasurer of the District a list of
all assessments which now remain unpaid; and
WHEREAS, the Board has duly considered said list and has deter-
mined that the same is an accurate statement thereof;
ihje NOW, THEREFORE, IT IS HEREBY ORDERED, as follows:
1. That the assessments in said unpaid list which now remain
unpaid, and the aggregate thereof, are as shown on Exhibit "A" hereto
attached and by reference made a part hereof.
2. That for a particular description of the lots or parcels of
land bearing the respective assessment numbers set forth in said un-
paid list and upon which assessments remain unpaid, severally and
respectively, reference is hereby made to the assessment and diagram
itale
. - ,,
L
recorded in the office of the District Engineer of said District after
confirmation by this Board, the several lots or parcels of land repre-
sented by said assessment numbers being so numbered and designated
upon said diagram and assessment as so confirmed and recorded, sever-
ally and respectively.
3. The unpaid list is in the amount of $177,562.43, and bonds
sh. 1 be issued upon the security of said unpaid assessments in said
amount n ac :nce with the r visions of the Improvement Bond Act
of 1915 (Di -en 10 of th S t„�r''Y and Highways Code) and under and
pursuant to the . .vi�f his of said R64aution of Intention, as amended,
and the proceedings th- euher had an .ken; that said bonds
shall be one hundred seventy -ig:ht 8) in numbP._shall be dated
December 16, 1971, be designated - 4) be payable at the
principal office of the Paying Agent an. •e tr: , Bank of America
National Trust and Savings Association in San .:xis alifornia,
and bear interest from their date at the rate of n.. o 4cceed seven
percent (7 %) per annum, and the denomination of said bon with their
0
respective numbers and dates of maturity are as shown on Exhi •kt "B"
hereto attached and made a part hereof by reference. '„.
4. Said bonds shall be issued in series, and the unpaid assess-
ments as shown on said list filed with the County Treasurer of El
Dorado County, as ex- officio Treasurer of said District, and deter-
mined by this Board, together with the interest thereon, shall remain
and constitute a trust fund for the redemption and payment of said
iiiir bonds and of the interest which may be due thereon, which unpaid
assessments shall be taxable in annual series corresponding in num-
ber to the number of series of bonds issued, and an annual proportion
of each assessment shall be payable in each year preceding the date
of maturity for each of the several bonds issued, and such proportion
of each assessment coming due in any year, together with the annual
interest thereon shall in turn be payable in installments as the
general taxes of said County on real property are payable, and shall
,, 2
•
L
become delinquent at the same time and in the same proportionate
amounts and bear the same proportionate penalties for delinquency.
5. The bonds shall be executed on behalf of the District under
its official seal by the Clerk and Treasurer of the District, and the
interest coupons attached thereto shall be executed by the Treasurer.
For such purpose, the Treasurer may use an engraved, printed or litho-
graphed facsimile of his signature in lieu of signature by hand. The
seal of the District may be affixed to the bonds by printed, litho-
graphed or other reproduction thereof; and such signing and sealing of
said bonds by said officers, and signing of said coupons by said
Treasurer, shall constitute and be a sufficient and binding execution
thaw of each and every one of said bonds and coupons thereon respectively.
Said bonds shall be substantially in the form set forth in the Improve-
ment Bond Act of 1915.
6. Registration of Bonds. Any bond may be registered either
as to principal and interest or as to principal only, upon written
request of the bondholder and presentation of the bond to the
Registrar for registration.
a) Principal and Interest. Upon presentation and request
for registration as to principal and interest, the coupons shall
be removed and canceled, or preserved in a place of safekeeping,
at the option of the Registrar, and the numbers of all registered
bonds and the names and addresses of the owners thereof shall be
entered in the registration book maintained by the Registrar, and
a notation shall be made therein and on the bond that registration
is as to principal and interest. Until such registration is
canceled as herein provided, the interest shall be payable only
to the registered owner, and the principal shall be payable only
to such owner upon presentation of the bond.
3
•
L
b) Principal Only. The bonds may be registered as to prin-
cipal only. When bonds are registered as to principal only, a
notation shall be made to that effect in the registration book and
on the bond. The coupons shall not be removed and the interest on
such bonds shall be paid upon presentation of such coupons in the
same manner as unregistered bonds. Principal, however, shall be
paid only to the registered owner upon presentation of such bond.
c) Deregistration. The registration of any unmatured bond
may be canceled upon written request of the registered owner. Upon
receipt of such request and the bond, the Registrar shall cancel
the registration in the bond registry book and on the back of the
ihr bond, cause all unmatured coupons to be reprinted, if necessary,
and reattached to the bond, and deliver the bond and attached
coupons to the owner. Until such bond is reregistered, the prin-
cipal thereof shall be payable to bearer, and the interest shall
again be paid upon surrender of proper coupons.
d) Reregistration. Deregistered bonds may be reregistered
in the same manner as previously unregistered bonds.
e) The person requesting registration, deregistration or
reregistration shall pay the fees charged by the Registrar for such
service, including any cost of reprinting the coupons.
f) There shall be provided on the back of each bond a suit-
able statement to be signed by the Registrar indicating the date of
registration, the type of registration, the name of the registered
owner, and the date of any cancellation thereof, in form substan-
tially as follows:
4
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 to such owner, unless registered as to principal
only, in which event only the principal is so payable.
Note: There must be no writing below except by the Registrar.
REGISTRATION CANCELLATION
Date of Type of Registered Signature of Date of Signature of
Registry Registration* Owner Registrar Cancellation Registrar
Principal only
and Interest
Principal only
and Interest
Principal only
and Interest
Principal only
and Interest
* In the event registration is as to principal only, strike the words "and
Interest "; if as to principal and interest, strike the word "only ".
7. The coupons attached to each of said bonds and evidencing the
interest to accrue thereon, shall be numbered consecutively and be
substantially in the following form, to wit:
SOUTH TAHOE PUBLIC UTILITY DISTRICT, On 2, 19
El Dorado County, California, will
pay to bearer (unless the bond is $
redeemed prior thereto) at the Prin-
cipal Office of Bank of America, Coupon No.
San Francisco, California, Paying
Agent and Registrar of its Treasurer, Bond No.
the sum hereon as interest due on
Improvement Bond dated December 16,
1 97 1 ,
Assessment District 1970 -2
Series 1970 -2
County Treasurer and ex- officio
District Treasurer
8. The Clerk shall forward a certified copy of this Resolution
to each, the County Treasurer, County Auditor and Bank of America
N. T. & S. A., Corporate Trust Department, 555 California Street,
San Francisco, California.
iT 3tA)c - -
President of South Tahoe Public
Utility District
ATT
Clerk and ex -o cio Secretary
* * * * * * * * * * * *
tOir 5
1
I hereby certify that the foregoing is a full, true and
correct copy of Resolution No. 1648 duly and regularly adopted
by the Board of Directors of the South Tahoe Public Utility Dis-
trict, El Dorado County, California, at a meeting thereof duly held
on the 1a day of gnr, mhrr, 1971, by the following vote:
AYES, and in favor thereof, Directors: Wakeman
Kortes
Fester
Hegarty
Ream
NOES, Directors: None
ABSENT, Directors: None
Clerk and Ex officio Secretary
South Tahoe Public Utility District
'
LIST OF UNPAID ASSESSMENTS
ASSESSMENT DISTRICT 1970 -2
Assessment Assessor's Amount of Ass'd Val'n
Number Parcel No. Assessment Land Impvt
1 32- 110 -01 $1,391.22 $13,500 $9,500
6 32- 110 -23 464.00 4,500 1,000
7 7 32- 110 -06 464.00 4,500 5,250
32- 110 -07 359.21 2,700 2,300
9 32- 110 -08 464.00 4,5oo 2,400
l0 32-110-09 359.21 2,700 2,300
11 32- 110 -10 359.21 2,700 2,300
12 32- 110 -11 695.62 6,750 6,700
20 32- 120 -04 595.84 1,100 2,050
21 32- 120 -05 516.12 5,000 4,000
24 32- 120 -08 746.09 4,500 1,350
29 32- 120 -16 3,219.02 2,100 800
32 32- 110 -22 591.21 250
il 37 32- 110 -17 344.57 350
39 32- 110 -15 918.23 1,000 2,500
41 21- 031 -15 2,879.26 3,850 5,250
42 21- 031 -16 2,879.26 3,850 800
43 21- 031 -18 5,161.27 9,000 3,250
44 21- 031 -25 5,826.55 14,250 4,000
45 21 031 - 11 3,192.12 4,350 3,800
46 21- 031 -08 2,751.76 5,650 3,000
47 21- 031 -13 2,774.97 2,750
50 21- 031 -05 654.78 900
51 21- 031 -24 2,018.89 1,100 2,350
52 19- 300 -06 2,757.50 5,000 1,100
53 18,090 -16 2,764.31 2,000
54 18 090 - 15 3,064.31 3,250
55 18 281 - 01 3,083.77 3,750
56 18 281 - 02 3,083.77 2,250
57 18 281 - 03 3,035.93 2,000
58 18,281 - 04 2,872.96 2,000
59 18- 281 -05 2,804.05 2,000
60 18- 281 -06 2,728.64 2,000
61 18- 281 -07 2,796.75 2,000
62 18 - 291 - 2,745.03 2,000
63 18- 291-09 2,701.88 2,000
64 18- 291-08 2,879.45 2,000
65 18- 291 -07 2,673.51 8,500
66 18- 291 -12 3,083.77 5,000
67 18- 291 -06 2,589.18 8,750
68 18- 291 -05 2,585.93 8,750 9,000
69 18- 291 -04 2,568.91 8,750 3,000
70 18- 291 -03 2,564.86 8,750 4,000
71 18- 291 -02 2,580.26 8,750
72 18- 291 -01 2,607.01 8,750 7,700
74 18- 292 -06 2,706.74 3,000 4,500
EXHIBIT "A"
Assessment Assessor's Amount of Ass'd Val'n
Number Parcel No. Assessment Land Impvt
78 18 292 - 02 $2,536.48 $1,750 $
79 18- 292 -01 2,585.13 1,750
80 18- 282 -08 2,525.94 1,350 3,800
82 18- 282 -09 2,525.94 1,350
83 18- 282 -07 2,531.61 1,350
85 18- 282 -05 2,637.82 1,600
86 18 282 - 04 2,544.58 1,600
87 18 282 - 02 2,619.99 1,350
88 18 282 - 01 2,649.99 1,350
89 18 282 - 03 2,582.69 1,350
90 18- 280 -02 2,623.23 1,500
92 18- 090 -28 3,083.77 6,250
94 18- 191 -22 2,518.63 1,500
95 18 - 191 - 2,485.40 4,250 4,000
99 18- 191 -17 274.86 1,500
100 18- 191 -16 2,509.72 4,500
101 18- 191 -20 174.32 300
102 18 - 191 - 2,786.20 2,000 3,200
104 18- 090 -19 2,705.13 7,750
105 18 090 - 20 2,811.19 7,750 3,
106 18- 090 -24 7,683.95 35,000
107 18- 090 -27 4,233.81 23,000
108 18- 090 -26 4,233.81 25,000 3,750
109 18- 090-1-2 - 7/ 5,000.50 25,000 4,750
110 18- 090- 13 5,000.50 14,000 4,750
111 21- 031 -26 2,792.31 3,500
$177,562.43 $380,700 $122,400
t haw
. r ,•
kbe
EXHIBIT "B"
Series Bond Nos. Annual Principal Date of Maturity
yt
1970 -2 1 $ 562743 July 2, 1973
2 - 3 2,000.00 July 2, 1973
4 - 8 5,000.00 July 2, 1974
9 - 18 10,000.00 July 2, 1975
19 - 28 10,000.00 July 2, 1976
29 - 38 10,000.00 July 2, 1977
39 - 48 10,000.00 July 2, 1978
49 - 58 10,000.00 July 2, 1979
59 - 68 10,000.00 July 2, 1980
69 - 78 10,000.00 July 2, 1981
79 - 93 15,000.00 July 2, 1982
94 - 108 15,000.00 July 2, 1983
109 - 123 15,000.00 July 2, 1984
124 - 138 15,000.00 July 2, 1985
139 - 158 20,000.00 July 2, 1986
159 - 178 20,000.00 July 2, 1987
thir