Resolution 2588
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RESOLUTION NO. 2588
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A RESOLUTION OF THE BOARD OF DIRECTORS OF
SOUTH TAHOE PUBLIC UTILITY DISTRICT
AUTHORIZING CONDITIONAL EXCHANGE OF SEWER CAPACITY
WITH THE SOUTH TAHOE REDEVELOPMENT AGENCY
4 BE IT RESOLVED, by the Board of Directors of the
5 South Tahoe Public Utility District, County of EI Dorado, State of
6 California, as follows:
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WHEREAS, the South Tahoe Public Utility District
8 (District)' currently holds sewer capacity exclusively for use by
9 Affordable Housing projects; and
10 WHEREAS, the South Tahoe Redevelopment Agency (Agency)
II currently has 566 sewer units banked for future development
12 associated with Redevelopment Project No.1, and will identify 150
13 sewer units that will not be needed for construction of
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Redevelopment Project No.1; and
15 WHEREAS, the District wishes to exchange sewer capacity
16 from its Affordable Housing reserve with sewer capacity acquired by
17 the Agency through the redevelopment process to provide capacity
18 for the 1994 residential construction season; arid
20 charges on banked sewer capacity and the ability to establish an
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WHEREAS, the Agency will benefit from reduced service
2] equitable fee for sewer capacity for an affordable housing
22 developer; and
23 WHEREAS, it is the intention of both Agency and District,
24 as well as the City of South Lake Tahoe, to facilitate new
25 residential construction in 1994;
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NOW, THEREFORE, BE IT RESOLVED, that the South Tahoe
Public Utility District agrees to exchange 150 sewer units held in
28 reserve for affordable housing projects for 150 sewer units
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Resolution No. 2588
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acquired by the South Tahoe Redevelopment Agency, under the
2 following terms and conditions;
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Of the 150 sewer units from the District's
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affordable housing reserve, 98 shall be the units
allocated for the Tahoe pines Apartments.
The
Agency shall sell these units to the Tahoe Pines
developer for whatever price it chooses; a transfer
fee of $1,330 per sewer unit will be payable to the
District upon final review of plans and issuance of
a sewer permit; and
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Of the remaining unallocated 52 sewer units
obtained from the District's affordable housing
reserve, the Agency shall be free to sell these
units for approved affordable housing projects for
whatever price it chooses, and no transfer fee will
be owed to the District upon the sale and/or
allocation of these units; and
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The District will not charge Agency sewer service
charges for any of the sewer units obtained from
the affordable housing reserve so long as the sewer
units are under control of the Agency and no
physical connection is made to the sewer collection
system; and
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The District and Agency will pursue ways the
District
assist
with
the
the
Agency
can
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Resolution No. 2588
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implementation of the illegal units program during
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the 1994 calendar year.
BE IF FURTHER RESOLVED, the President of the District's
4 Board of Directors is hereby authorized to execute a Memorandum of
5 Understanding with the Agency for the exchange of sewer units which
6 incorporates and is consistent with the above terms and conditions.
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PASSED AND ADOPTED at a duly held Regular Meeting of the
8 Board of Directors of the South Tahoe Public Utility District on
9 the 20th day of January, 1994 by the following vote:
10 AYES: Directors Wallace, Mosbacher, Jones, Strohm
11 NOES: None
12 ABSENT: Director Mason
13 ABSTAIN: None
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DUANE WALLACE, PRESIDENT OF THE BOARD
SOUTH TAHOE PUBLIC UTILITY DISTRICT
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17 ATTEST, !2t:-a. ~4?1-d
,PAT A. MAMATH, LERK F BOARD
SOUTH TAHOE PUBLIC UTILITY DISTRICT
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