Resolution No. 1644 w . Y WJML :RJH:gb 10/29/71 8c
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RESOLUTION NO. 1644
A RESOLUTION DETERMINING THAT THE ISSUANCE OF SUBDISTRICT
BONDS IS NOT SUBJECT TO PRIOR INVESTIGATION, REPORT AND
APPROVAL BY CALIFORNIA DISTRICTS SECURITIES COMMISSION
SOUTH TAHOE PUBLIC UTILITY DISTRICT
ASSESSMENT DISTRICT 1970 -2
RESOLVED, by the Board of Directors of the South Tahoe Public
Utility District, El Dorado County, California, as follows:
1. The South Tahoe Public Utility District, herein called
"District," is a public utilities district formed pursuant to the
provisions of the Public Utility District Act (Division 7 of the
Public Utilities Code of the State of California) .
2. This Board proposes to issue on or after November 18,
1971, subdistrict bonds in the amount of $177,562.43 for Assessment
District 1970 -2. The bonds for said assessment district will be
designated as "Improvement Bonds, South Tahoe Public Utility Dis-
trict, Assessment District 1970 -2." The amount of the bonds to be
issued may be somewhat less than said amount set forth above by
reason of cash payments made by the owners of property prior to is-
suance of the bonds. Such bonds are to be issued by District under
the Improvement Bond Act of 1915. Said special assessment district
comprises less than the entire territory of District.
3. Section 58753 of the District Securities Investigation
Law of 1965 (Chapter 2.5, Division 2, Title 6 of the Government Code
of the State of California), provides, in part, that the issuance
of subdistrict bonds shall be subject to prior investigation, re-
port and approval by the California Districts Securities Commission,
herein called "Commission," whenever all of the conditions set forth
in subsections (a), (b) and (c) thereof are present.
4. There are more than 500 registered voters residing within
ihme
the entire South Tahoe Public Utility District.
5. The condition set forth in subsection (a) of section 58753
is not present.
6. This Board hereby determines that the issuance of the sub-
district bonds set forth in section 2 hereof is not subject to prior
investigation, report and approval by Commission.
7. The Secretary is directed to file a certified copy of this
resolution with Commission at least fourteen (14) days prior to date
of the issuance of the bonds.
ATTEST: A c ng 'res den
South Tahoe Public Utility District
Clerk and Ex o `ficio Secretary
1 hereby certify that the foregoing is a full, true and correct
copy of Resolution No. 1644 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 14th day
of October, 1971, by the following vote:
AYES, and in favor thereof, Directors: Wakeman, Kortes, •:•:•:•:•::*■
Hegarty, Ream
NOES, Directors: None
ABSENT, Directors: Fesler
Clerk and Ex officio Secs
South Tahoe Public Utility District
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