Resolution No. 8161390A-70a
WMAM: HCM: nmd ] 0/19/78
NOTICE OF ADVANCED MATURITY
SOUTH TAHOE PUBLIC UTILITY DISTRICT
ASSESSMENT DISTRICT NO. 1967-2
BOND SERIES N
RESOLUTION OF INTENTION~
ADOPTED APRIL 16, 1967
TO %%tHOM IT 5~.Y CONCERN, hotde~;s or owners of ~he bonds listed
below to represent unpaid assessments in Asses~ment District 1967-2
project:
Bond No.
De~omJ nation
Date of Maturity
440 $].,000 July 2, 1987
477 1,000 July 2, 1988
510 1,000 July 2, 1989
544 ],000 July 2, ]990
583 1,000 July 2, 1991
NOTICE IS HEREBY GIVEN that the ~ ~
2rea.~.urer of E1 Dorado County
and ex officio Treasurer of the South Tahoe Public Utility District
has advanced the maturity on the foregoing bonds to January 2, 1979.
You are further notified that you may, prior to the date of
advanced maturity, surrender saJ. d bonds and receive the principal
and interest thereon to the date of payment together with the
premium thereon egual to 5 percent of the princ]pa].. If the bonds
have not been sooner surrendered on the date herein fixed for
advanced maturity, there will. be set aside to your credit the amount
of principal and accrued Jnterest then due on the bonds together
with a premium of 5 percent of the principal, add the bonds shall
then be deemed to have matured and interest shall cease to accrue on
the bonds. The amount so set aside will be paJd to the holders or
owners of the bonds upon demand and upon the surrender and
cancellation of the bonds.
Treasurer of E1 Lyorado County and
ex officio Trea/~rer of the South
Tahoe Public Utility Distnict
WJML:RJH:gbb 6/5~/67 lOc
RESOLUTION NO. 8 1 6
A RESOLUTION OF INTENTION TO ACQUIRE
AND CONSTRUCT IMPROVEMENTS
ASSESSMENT DISTRICT~. 1~..~
RESOLVED, by the Board of Directors of the South Tahoe Public
Utility District, E1 Dorado County, California, that
1. In its opinion the public interest and convenience require,
and that it is the intention of said Board to order the acquisitions
and improvements in and for said District which are described in
Exhibit "A" attached hereto and incorporated herein by reference.
2o Whenever any public way is herein referred to as running~
between two public ways, or from or to any public way, the intersec-
tions of the public ways referred to are included to the extent that
work shall be shown on the plans to be done therein.
3. Said streets and highways are more particularly shown in
the records in the office of the County Recorder of the County of
E1 Dorado, California, and shall be shown upon the plans herein
referred to and to be filed with the Clerk of said District.
4~ Ail of said work and improvements are to be constructed at
the places and in the particular locations, of the forms, sizes,
dimensions and materials~ and at the lines, grades and elevations
as shown and delineated upon the plans, profiles and specifications
to be made therefor, as hereinafter provided.
5~ There is to be excepted from the work herein described any
of such work already done to line and grade and marked excepted or
shown not to be done on said plans, profiles and specifications.
6~ Notice is hereby given of the fact that in many cases said
work and improvement will bring the finished work to a grade diffar~
ent from that formerly existing~ and that to said extent said grades
are hereby changed and that said work will be done to said changed
grades.
7. Said Board does hereby adopt and establish as the official
grades for said work the grades and elevations to be shown upon said
plans, profiles and specifications° Ail such grades and elevations
are to be in feet and decimals thereof with reference to the datum
plane of the U. S. Coast Geodetic Survey.
8. The descriptions of the acquisitions and improvements and
the termini of the work contained in this Resolution are general in
nature. Ail items of work do not necessarily extend for the full
length of the description thereof. The plans and profiles of the work
and maps and descriptions, as contained in the Engineer's report,
shall be controlling as to the correct and detailed description
thereof~
9o Said Board further declares that all public streets and
highways within said assessment district in use in the performance of
a public function as such shall be omitted from the assessment here-
after to be made to cover the costs and expenses of said acquisitions
and improvements.
10o Said contemplated acquisitions and improvements, in the
opinion of this Board, are of more than local or ordinary public
benefit, and said Board does hereby make the costs and expenses there-
of chargeable upon an assessment district, the exterior boundaries of
which are the coterminous exterior boundaries of the composite and
consolidated area as more particularly shown on a map thereof on file
in the office of the Clerk entitled "Map Showing Proposed Boundaries
of Assessment District ~'~"~ to which reference is hereby made for
further particulars~ Said map indicates by a boundary line the
extent of the territory included in the proposed district and shall
govern for all details as to the extent of the assessment district.
11. Notice is hereby given that serial bonds to represent th'~
unpaid assessments, and bear interest at the rate of not to exceed
six per cent (6%) per annum, will be issued hereunder in the manner
provided in the Improvement Bond Act of 1915, Division 10 of the
2
Streets and Highways Code, the last installment of which bonds shall
mature not to exceed fourteen (14) years from the second day of July
next succeeding ten (10) months from their date. The provisions of
Part llol of said Act, providing an alternative procedure for the
advance payment of assessments and the calling of bonds shall apply.
12o Except as herein otherwise provided for the issuance of
bonds, all of said improvements shall be done pursuant to the provi-
sions of the Municipal Improvement Act of 1913.
13o Reference is hereby made to proceedings had pursuant to
Division 4 of the Streets and Highways Code on file in the office of
the Clerk.
14o Said proposed acquisitions and improvements are hereby
referred to the District Engineer~ being a competent person employed
by said District for that purpose~ and said Engineer is hereby direc-
ted to make and file with the District Clerk a report in writing,
presenting the following:
a) Maps and descriptions of the lands, easements and
facilities to be acquired;
b) Plans and specifications of the proposed improvements
to be made pursuant to this Resolution of Intention;
c) Engineer,s statement of the itemized and total esti-
mated costs and expenses of said acquisitions and improvements and
of the incidental expenses in connection therewith;
d) Diagram showing the assessment district above referred
to, and also the boundaries and dimensions of the respective subdi-
visions of land within said district as the same existed at the time
of the passage of this Resolution of Intention, each of which subdi-
visions shall be given a separate number upon said diagram;
e) A proposed assessment of the total amount of the costs
and expenses of the proposed acquisitions and improvements upon the
several subdivisions of land in said district in proportion to the
estimated benefits to be received by such subdivisions~ respectively,
3
A. The installation and construction of sanitary sewer
systems, including colleC~tion sewers, necessary pumping sta~
tions and force mains, manholes, flushing devices, rodholes,
wye branches, laterals and appurtenances on streets and roads
and in easements to be acquired therefor, to serve each of
the subdivisions, parts of subdivisions and other lands within
the boundaries of the proposed assessment district as herein-
after described (including, but not by way of limitation,
Meadow Heights Subdivision, Sierra Meadows Units Nos° l, 2,
~ and 4, Lake Christopher Subdivision, Montgomery Estates
Units Nos° l, 2 and ~, and lands of Haaf and Ehlers);
Bo The acquisition within said boundaries of a right
of service and~use in the existing sanitary sewerage and sew-
age treatment and disposal facilities of said District which
help provide service to and which are of benefit to the prop-
erties within said area;
Co The acquisition of all facilities, lands and ease-
ments and the construction of all work auxiliary to any of
the above and necessary to complete the same°
EXHIBIT A
South Tahoe PuBlic Utility District
Assessment District 1967-2
from said acquisitions and improvements, and of the expenses inci-
dental thereto.
15. Notice is hereby given that~ in the opinion of this Board
the public interest will not be served by allowing the property owners
to take the contract for the construction of the improvements and
that, pursuant to Section 10502.4 of the Streets and Highways Code~
no notice of award of contract shall be published.
16. If any excess shall be realized from the assessment, it
shall be used~ in such amounts as the Board may determine, in accord-
ance with the provisions of law, for one or more of the following
purposes:
a) Transfer to the general fund of the District, provided
that the amount of any such transfer shall not exceed the lesser of
$1,000 or five per cent (5~) of the total amount expended from the
improvement fund;
b) As a credit upon the assessment and any supplemental
assessment; or
c) For the maintenance of the improvements.
Public Utility District
ATTEST:
~~~~a-~5-g~e~x-o--f-ffc~o Secret,fy
I hereby certify that th~ foregoing is a full, true
and correct copy of a resolution duly and regularly adopted~
by the Board of Directors of the South Tahoe Public Utility
District, E1 Dorado County, California, at a meeting thereof
duly held on the 20th day of APRIL
following vote:
AYES, and in favor thereof, Directors:
NOES, Directors: None
ABSENT, Directors~x
Mel£kean
, 196 7, by the
Wakeman
Kortes
Fesler
Hegarty
Clerk and Ex-Officio Secretary
South' Tahoe Public Utility
District