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Resolution 2550 .. :.. ~ \." \., RESOLUTION NO. 2550 2 3 A RESOLUTION OF THE BOARD OF DIRECTORS OF THE SOUTH TAHOE PUBLIC UTILITY DISTRCIT ADOPTING THE ADJUSTED SEWER ENTERPRISE FUND APPROPRIATIONS SUBJECT TO LIMITATION AND PROCEEDS OF TAXES FOR FISCAL YEAR 1990-1991 4 WHEREAS, the people of the State of California have 5 elected to approve Constitutional Amendment XIIIB, and the 6 Legislature of the State of California has voted to adopt Senate 7 Bill No. 1352, which implements Constitutional Amendment XIIIB, 8 setting the method of computing annual appropriations subject to 9 limitation, and Proposition III allows the Directors to choose 10 either the changes in the per capita personal income or assess- 11 ment of local non-residential construction and population; and 12 WHEREAS, the Directors selected the change in per capita 13 personal income, and 14 15 ~mEREAS, such legislation sets the base year for this computation as Fiscal Year 1978-1979, and 16 WHEREAS, such legislation determined the meeting process 17 and required documentation setting such appropriation 18 limitations, and 19 WHE:REAS, on June 20, 1991, such meeting was held' and 20 exhibits prepared and made public; 2J NOW, THEREFORE, THE BOARD OF DIRECTORS OF THE SOUTH 22 TAHOE PUBLIC UTILITY DISTRICT does find and declare that the 23 adjusted appropriations subject to limitation for the Fiscal 24 Year 1990-1991 are: $20,473,008. 25 and that for the Fiscal Year 1990-1991 the proceeds of taxes 26 as defined in the enabling statutes are: $10,686,400. 27 and that the increase in proceeds of taxes over the 28 appropriations subject to limitation are: $ -0-. ,. \-,. \.., \., . .. 7 8 9 10 II 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 Resolution 2550 Page - 2 PASSED AND ADOPTED by the Board of Directors of 2 South Tahoe Public utility District at a duly held regular 3 meeting on the 20th day of June, 1991 by the following vote: 4 AYES: Directors Sinclair, Piernin, Mosbacher, Mason, Onysk 5 NOES: None 6 ABSENT: None ~ NAT SOUTH ATTEST: ILL- a, ~;'1!..~;4' PAT A. MAMATH, lerk of Board SOUTH TAHOE PUBLIC UTILITY DISTRICT