Resolution No. 1542 WJM&L: RH: S : zw 1/14/71 12c
RESOLUTION NO. 1542
A RESOLUTION DETERMINING UNPAID ASSESSMENTS AND
PROVIDING FOR ISSUANCE OF BONDS
ASSESSMENT DISTRICT 1970 -1
RESOLVED, by the Board of Directors of the South Tahoe Public
Utility District, El Dorado County, California, that
WHEREAS, this Board did on September 17, 1970, pass and adopt its
Resolution of Intention No. 1500, relating to the acquisition and
construction of public improvements in said District under and pur-
suant 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 Improve-
1160, ment 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 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 determined
that the same is an accurate statement thereof;
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 unpaid
list and upon which assessments remain unpaid, severally and respec-
tively, reference is hereby made to the assessment and diagram recorded
in the office of the District Engineer of said District after confirma-
tion by this Board, the several lots or parcels of land represented by
said assessment numbers being so numbered and designated upon said
diagram and assessment as so confirmed and recorded, severally and
respectively.
3. The unpaid list is in the amount of $164,556.97, and bonds
shall be issued upon the security of said unpaid assessments in said
amount 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; that said bonds shall be
one hundred sixty -five (165) in number, shall be dated March 2, 1971,
and bear interest from their date at the rate of not to exceed seven
percent (7%) per annum, and the denomination of said bonds with their
respective numbers and dates of maturity are as shown on Exhibit "B"
hereto attached and made a part hereof by reference.
4. Said bonds shall be issued in series, and the unpaid assessments
as shown on said list filed with the County Treasurer of El Dorado
County, as ex- officio Treasurer of said District, and determined by
this Board, together with the interest thereon, shall remain and consti-
tute a trust fund for the redemption and payment of said bonds and of
the interest which may be due thereon, which unpaid assessments shall
be taxable in annual series corresponding in number 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 become delinquent at the same
time and in the same proportionate amounts and bear the same propor-
tionate penalties for delinquency.
5. The bonds shall be executed on behalf of the District under its
2
official seal by the Clerk and Treasurer of the District, and the in-
terest 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
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. 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 at the Principal $
Office of Bank of America National
Trust & Savings Association, San Coupon No.
Francisco, California, Paying Agent
of its Treasurer, the sum shown Bond No.
hereon being interest due on
Improvement Bond dated March 2, 1971
of Series Z
Assessment District 1970 -1
County Treri and ex- officio
jistrict Treasurer
7. The Clerk shall forward a certified copy of this Resolution
to each, the County Treasurer, County Auditor and Bank of America
thw
N. T. & S. A., Corporate Trust Department, 555 California Street,
San Francisco, California.
Presi'en of South ahoe Public
Utility District
4 A TT9T: �7F / � /J ., ,
ke e L ( 7 % and ex-ff icio Secretary
* * * * * * * * * * * *
3
I hereby certify that the foregoing is a full, true and
correct copy of Resolution No. 1542 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 4th day of February , 1971, by the following
vote:
AYES, and in favor thereof, Directors: Wakeman
Kortes
Hegftrty
Ream
NOES, Directors: None
ABSENT, Directors: -Fevre Hegarty
Clerk and Ex officio Secretary
South Tahoe Public Utility District
LIST OF UNPAID ASSESSMENTS
SOUTH TAHOE PUBLIC UTILITY DISTRICT
ASSESSMENT DISTRICT 1970 -1
Assessment Assessor's Amount of _ Ass'd Val'n
Number Parcel No. Assessment Land Impvt
70 -1 -1 25- 031 -04 $1,554.60 $1,500 $2,200
70 -1 -6 26- 026 -14 1,085.49 1,450 950
70 -1 -7 26- 032 -06 3,652.55 7,750 7,000
70 -1 -8 26- 035 -15 845.5o 1,250 1,10o
70 -1 -9 26- 035 -16 3,667.19 5,000 4,750
70 -1 -10 26- 035 -17 980.84 1,750
70 -1 -12 26- 038 -05 4,728.55 6,250 5,550
70 -1 -13 26- 038 -10 377.82 1,00o 1,450
70 -1 -14 26- 038 -13 932.54 1,45o
70 -1 -15 26- 039 -01 2,364.22 3,250 2,750
70 -1 -16 26- 039 -03 6,166.77 9,750 2,500
70 -1 -18 26 -044 -10 1,735.10 2,50o 1,000
70 -1 -19 26- 045 -01 2,122.69 4,500
70 -1 -20 26- 045 -08 1,029.14 1,800 250
70 -1 -21 26- 045 -10 1,463.90 2,250 2,500
70 -1 -22 26- 061 -04 ?39.30 250
70 -1 -23 26- 061 -05 739.30 25o
70 -1 -24 26- 061 -06 746.89 300
70 -1 -25 26- 061 -07 763.46 400
70 -1 -26 26- 061 -08 876.16 1,10o
70 -1 -27 26- 061 -11 827.85 800
70 -1 -28 26- 061 -12 779.55 500
70 -1 -29 26- 061 -13 771.50 45o
70 -1 -30 26- 061 -14 763.46 400
70 -1 -31 26- 061 -15 763.46 400
70 -1 -32 26- 061 -16 763.46 400
70 -1 -33 26- 061 -17 763.46 400
70 -1 -34 26- 061 -18 763.46 400
70 -1 -35 26- 061 -19 795.64 600
70 -1 -36 26- 061 -20 803.69 65o
70 -1 -37 26- 061 -21 763.46 400
70 -1 -38 26- 061 -22 763.46 400
70 -1 -39 26- 061 -23 755.4o 35o
70 -1 -40 26- 061 -24 755.4o 35o
70 -1 -41 26- 061 -25 755.4o 35o
70 -1 -42 26- 061 -26 755.4o 35o
70 -1 -43 26- 061 -27 755.40 350
70 -1 -44 26- 072 -03 860.07 1,000
70 -1 -45 26- 072 -04 385.54 2,50o
70 -1 -46 26- 072 -09 9,566.90 9,500 6,100
70 -1 -47 26- 073 -12 2,674.08 2,100 4,750
70 -1 -48 26- 074 -14 2,050.25 2,050 2,000
70 -1 -49 26- 075 -02 12,332.44 14,000 1,750
70 -1 -50 26- 075 -03 16,865.33 2,000 94,050
70 -1 -51 26- 076 -01 16,210.15 16,000 14,000
70 -1 -52 26- 077 -01 1,744.27 2,150
70 -1 -53 26- 077 -04 876.16 1,100
70 -1 -54 26- 078 -13 1,687.92 1,800
70 -1 -55 26- 078 -14 924.49 1,100 300
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EXHIBIT "A"
,
tible
Assessment Assessor's Amount of Ass'd Val'n
Number Parcel No. Assessment Land Impvt
70 -1 -56 26- 078 -15 $ 819.82 $ 750 $
70 -1 -57 26- 088 -06 2,485.05 2,350 4,40o
70 -1 -58 26- 102 -03 876.16 1,100
70 -1 -60 27- 223 -12 843.95 900
70 -1 -62 27- 223 -14 843.95 goo
70 -1 -63 27- 225 -25 843.95 900
70 -1 -64 27- 225 -26 1,141.85 900 1,85o
70 -1 -65 27- 241 -25 1,286.57 1,50o
70 -1 -69 29- 041 -53 1,060.38 4,700
70 -1 -70 29- 073 -06 868.62 2,200 1,650
70 -1 -73 29- 083 -01 846.06 3,25o 500
70 -1 -74 29- 083 -11 733. 3,250
70 -1 -75 29- 344 -01 6,273.93 7,500
70 -1 -76 29- 344 -02 555.26 200
70 -1 -?7 31- 241 -01 6,020.15 14,000 2,500
70 -1 -79 31- 290 -15 9,470.28 37,500 250
70 -1 -80 31- 290 -22 1,156.56 7,500
70 -1 -81 31- 290 -29 1,494.66 7,500
70 -1 -83 31- 261 -34 1,056.06 75o 3,350
70 -1 -84 31- 261 -35 806.48 800 1,000
,, 70 -1 -86 29- 010-02 4,805.54 18,000 9,000
70 -1 -89 29- 010 -13 1,940.69
70 -1 -91 29- 010 -12 2,478.69 5,800 2,100
$164,556.97 $ $179,550
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EXHIBIT "B"
Annual
Series Bond Nos. Principal Date of Maturity
z 1 $ 556.97 July 2, 1972
2 - 5 4,000.00 July 2, 1972
6 - l0 5,000.00 July 2, 1973
11 - 15 5,000.00 July 2, 1974
16 - 25 10,000.00 July 2, 1975
26 - 35 10,000.00 July 2, 1976
36 - 45 10,000.00 July 2, 1977
46 - 55 10,000.00 July 2, 1978
56 - 65 10,000.00 July 2, 1979
66 - 75 10,000.00 July 2, 1980
76 - 90 15,000.00 July 2, 1981
91 - 105 15,000.00 July 2, 1982
106 - 120 15,000.00 July 2, 1983
121 - 135 15,000.00 July 2, 1984
136 - 150 15,000.00 July 2, 1985
151 - 165 15,000.00 July 2, 1986