Resolution No. 756WJML:KIJ:gt 12/13/66 10c
RESOLUTION NO. 7 5 6
A RESOLUTION ORDERING TRANSFER OF FUNDS
ASSESSMENT DISTRICT NO. 1961-1
RESOLVED, by the Board of Directors of the South Tahoe Public
Utility District, E1 Dorado County, California, that
WHEREAS, upon completion of construction of the improvements
ordered pursuant to Resolution of Intention No. 287, adopted March 16,
1961, and the payment of all expenses incidental thereto, it has been
determined that an unencumbered balance of $15,904.29 remains in the
construction fund for said project;
WHEREAS, said Resolution of Intention provides that if any
excess is realized from the assessment it shall be spent for the main-
tenance of the acquisitions and improvements described in said pro-
ceedings;
WHEREAS, the District Manager has determined that a total sum
substantially in excess of the amount of said surplus has been ex-
pended on the maintenance and operation of said acquisitions and
improvements since the completion of their construction, and that a
total of $ 15,200.50 has been received by the District in the form
of sewer service charges paid by the users of said acquisitions and
improvements, producing an expenditure in exce~s of income of
$ 20,155.70 , which is in turn in excess of the amount of said surplus;
WHEREAS, it therefore appears that the General Fund of the
District has paid out a net amount for the maintenance of said acqui-
sitions and improvements in excess of the amount of said surplus, and
it is in the public interest that the amount of said surplus be,
therefore, transferred to the General Fund of the District;
NOW, THEREFORE, IT IS ORDERED, as follows:
1. That the unencumbered balance remaining in the construction
fund for said project is the sum of $15,904.29, which sum is surplus.
2. The amount of said surplus is hereby ordered transferred
from the construction fund of said project to the General Fund of the
District.
~~~,~ ~,7~ / ~Pre~~
...__~~.~/~ th Tahoe Public Utility District
~'lerk and ex-officio Secretary ~
I hereby certify that the foregoing is a full, true
and correct copy of a resolution duly ahd regularly adopted
by the Board of Directors of the South Tahoe Public Utility
District~ E1 Dorado County~ California~ at a meeting thereof
~ 1966 , by the
duly held on the 15th day of DECEiVlBER
following vote:
AYES, and in favor thereof, Directors:
NOES~ Directors: None
ABSENT~ Directors: None
Wakeman
Kortes
Fesler
Melikean
Hegarty
~'U r and ex-Officio secretary' 6f
the South Tahoe Public Utility
District