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Resolution No. 126RESOLUTION NO. 126 RESOLUTION OF THE BOARD OF DIRECTORS OF SOUTH TAHOE PUBLIC UTILITY DISTRICT APPROVING PLANS AND ESTIMATES OF COSTS OF THE ACQUISITION, CONSTRUCTION AND COMPLETION OF A PUBLIC UTILITY COMPRISING AN IMPROVEMENT OF THE SANITARY SEWAGE DISPOSAL SYSTEM OF SAID DISTRICT, AND FORMULATING MEASURE FOR SUBMISSION TO ELECTORS. WHEREAS, the Board of Directors of South Tahoe Public Utility District on the 20th day of February, 1959, duly passed and adopted its resolution determining that the public interest and necessity of South Tahoe Public Utility District require the acquisition, construction and comple- tion by said District of a public utility, to wit: Improve- ment of the sanitary sewage disposal system; and WHEREAS, this Board of Directors has procured plans and estimates of the costs of the acquisition, con- struction and completion of said public utility and esti- mates of the revenues that can be expected to be derived from said public utility; which plans and estimates of costs and expected revenues were placed on file with this Board of Directors within less than sixty (60) days before February 20, 1959, to wit, on January 20, 195~; and WHEREAS, the existing sanitary sewage disposal system (the only public utility operated by said District) produces insufficient revenues to enable it to acquire im- provements to said sanitary sewage disposal system, and in order to acquire, construct and complete improvements to said sanitary sewage disposal system said District must in- cur a bonded indebtedness therefor; and WHEREAS, this Board of Directors finds and deter- mines that there is no necessity for negotiating for offers for the sale to said District of any existing utilities for the reason that there is no existing utility or utility works of the character herein described within the boun- daries of said District and none sufficiently near thereto to be useful to said District; NOW, THEREFORE, BE IT RESOLVED by the Board of Directors of South Tahoe Public Utility District as follows: 1. The plans and estimates of cost for the acqui- sition, construction and completion by said District of the following public utility, to wit: Improvement of the sani- tary sewage disposal system, including the acquisition and construction of new sewage lines, the extension, realignment and replacement of existing sewage lines, bridge crossings, manholes, lands, easements, rights of way, equipment, pipes, valves, fittings and other works, properties or structures necessary or convenient for the improvement of the sanitary sewage disposal system of the South Tahoe Public Utility District, procured by said Board of Directors, be and they are hereby adopted and approved as the plans and estimates of said District. 2. There is hereby formulated for submission to the electors of South Tahoe Public Utility District the following measure, to wit: MEASURE: (Improvement of Sanitary Sewage Disposal System) Shall the South Tahoe Public Utility District incur a bonded indebtedness in the principal amount of $2,500,000 bearing interest at a rate not exceeding 6% per annum, payable annually the first year and semiannually thereafter, for the acquisition, con- st~uction and completion of the following public utility, to wit: Improvement of the sanitary sewage 2 disposal system, including the acquisition and construction of trunk sewers, force mains, pumping stations, sewage effluent disposal facilities, a new treatment plant, manholes, lands, easements, rights of way, equipment, pipes, valves, fittings and other works, prop- erty, or structures necessary or convenient for the improvement of the sanitary sewage dis- posal system of South Tahoe Public Utility Dis- trict? PASSED AND ADOPTED this 20th day of February, 1959, by the following vote: AYES: NOES: ABSENT: Directors Goeringer and Pankost. None. Director Gersick. President of the Board of Directors of South Tahoe Public Utility Distric~ Attest: ......................... ~ ~j~e~ar~'~f ~ld Board of Director's I, EARLE E. PANKOST ..., Secretar7 of the Board of Directors of South Tahoe Public Utility District, E1 Dorado County, State of California, do hereby certify that the foregoing is a full, t~ue and co~ect copy of a resolution duly adopt®d at an adjourned regular meeting of said Board of Directors duly and regularly and legally held at the reg- ular meeting place thereof on the 20th day of February , 1959, of which meeting all of the members of said Board of Directors had due notice and at which a majority thereof was present; that due notice of said meeting was given in all respects as required by. California Statutes 195B, Ch. 1588; that at said meeting said resolution was introduced 'by Director Pankost , and read in full, and was thereupon, upon motion of Director seconded by Director Goerin~er following vote: AYES: NOES: ABSENT: Pankost , adopted by the Directors Goeringer and Pankost. NOI~M Director Gersick. That I have carefully compared the same with the original minutes of said meeting on file and of record in my office and that said resolution is duly entered of record in Book 2 of Minutes , at pages 17 to 18 , both inclusive, and said resolution is a full, true and correct copy of the original resolution adopted at said meeting and entered in said minutes. That said resolution has not been amended, modified or rescinded since the date of its adop- tion and the same is now in full force and effect. WITNESS my hand and the seal of said District, this .23d day of February. , 1959. 8ec~tary of the~Board of Directors of South Tahoe Public Utility District