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Resolution No. 974WJML:RJH:gbb 10/31/67 10c RESOLUTION NO. 9 7 4 A RESOLUTION OF INTENTION TO ACQUIRE AND CONSSRUCT IMPROVEMENTS ASSESSMENT DISTRICT 1967-3B RESOLVED, by the Board of Directors of the South Tahoe Public Utility District, E1 Dorado County, California, in accordance with and in furtherance of its opinion and intention as expressed in Resolution No. '~'~ ~, adopted by this Board on November /~ ~ , 1967, that lo In its opinion the public interest and convenience re- quire, and that it is the intention of said Board to order the ac- quisitions and improvements in and for said District which are de- scribed in Exhibit "A" attached hereto and incorporated herein by reference° 2. Whenever any public way is herein referred to as running between two public ways, or from or to any public way, the inter- sections 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. All 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 ex- cepted or shown not to be done on said plans, profiles and Speci- fications. 6. Notice is hereby given of the fact that in many cases said work and improvement will bring the finished work to a grade different 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 offi- cial grades for said work the grades and elevations to be shown upon said plans, profiles and specifications° All such grades and elevations are to be in feet and decimals thereof with reference to the datum plane of the Uo S. Coast Geodetic Survey° 8o The descriptionS of the acquisitions and improvements and the termini of the work contained in this resolution are general in nature. All 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 Re- port, shall be controlling as to the correct and detailed descrip- tion 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 hereafter t° be made to cover the costs and expenses of said acqui- sitions 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 thereof chargeable upon an assessment district, the exterior bound- aries of which are the coterminous exterior boundaries of the com- posite and consolidated area as more particularly shown on a map thereof on file in the office of the Clerk entitled "Proposed Boundaries of Assessment District 1967-BB", 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° ll. Notice is hereby given that serial bonds to represent the unpaid assessments, and bear interest at the rate of not to ex- ceed six percent (6%) per annum, will be issued hereunder in the manner provided in the Improvement Bond Act of 1915, Division l0 of the Streets and Highways Code, the last installment of which bonds shall mature not to exceed fourteen (14) years from the sec- ond 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. 12. Except as herein otherwise provided for the issuance of bonds, all of said improvements shall be done pursuant to the provisions of the Municipal Improvement Act of 191~. l~. Reference is hereby made to proceedings had pursuant to Division 4 of the Streets and Highways Code on file in the of- fice of the Clerk° 14o Said proposed acquisitions and improvements are hereby referred to the District Engineer, being a competent person em- ployed by said District for that purpose~ and said Engineer is hereby directed 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 improve- ments to be made pursuant to this Resolution of Intention; c) Engineer's statement of the itemized and total es- timated costs and expenses of said acquisitions and improvements and of the incidental expenses in connection therewith; d) Diagram showing the assessment district above re- ferred to, and also the boundaries and dimensions of the respec- tive subdivisions of land within said district as the same existed at the time of the passage of this Resolution of Intention, each of which subdivisions shall be given a separate number upon said dia- gram; 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 propor- tion to the estimated benefits to be received by such subdivisions, respectively, from said acquisitions and improvements, and of the expenses incidental thereto° 15. Notice is hereby given that, in the opinion of this Board the public interest will not be served by allowing the prop- erty owners to take the contract for the construction of the im- provements and that, pursuant to Section 10502.4 of the Streets and Highways Code, no notice~of award of contract shall be pub- lished. 16. If any excess shall be realized from the assessment, it shall be used, in such amounts as the Board may determine, in accordance with the provisions of law, for one or more of the fol- lowing 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 percent (5%) of the total amount ex- pended from the improvement fund; b) As a credit upon the assessment and any supple- mental assessment; or c) For the maintenance of the improvements° ATTEST: L~an~' Ex-officio Secretary President Public Utility District A. The installation and construction of sanitary sewer systems, including collection 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 hereinafter~described (including, but not by way of limita- tion, Lake Valley Subdivision Unit NOo l, Tahoe Paradise Units Nos° 8 and ll through 15, inclusive, Sierra Park Sub- division, Sierra Park Unit NOo l, Assessorts Parcels Nos. 34-27-03, 34-35-02, 34-07-04, 34-35-04, 34-35-06 and 34-35-05); B. 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 1967-3B I hereby certify that the 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 16thday of November , 196 ........ 7 lng vote: AYES, and in favor thereof, Directors: NOES, Directors: None ABSENT, Directors: None ....... , by the follow- Wakeman Kortes Fesler Hegarty Ream Clerk and Ex-officio Secretary South Tahoe Public Utility District 70a ~,~_AH:~CH:nmd ]0/t9/78 NOTICE OF ADVANCED MATURITY SOUTH TAHOE PUBLIC UTILITY DISTRICT ASSESSMENT DISTRICT NO. 1967-3B BOND SERIES Q RESOLUTION OF INTENTION NO. 974 ADOPTED NOVEMBER 16, ]967 TO WHOM IT MAY CONCERN, holders or owners of the bonds listed below to represent unpaid assessments in Assessment District 1967-3B project: Bond No. Denomination Date of Maturity 465 $1,000 July 2, 1982 505 1,000 July 2, 1983 NOTICE IS HEREBY GIVEN that the Treasurer of El 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 said bonds and receive the principal and interest thereon to the date of payment together with the premium thereon equal to 5 percent of the principal. If the bonds have not been sconer surrendere~ on the date herein fixed for advanced maturity, there will be set aside to your credit the amount of principal and accrued interest then due on the bonds together with a premium of 5 percent of the principal, and the bonds shall then be deemed to have matured and interest shall cease to accrue on the bonds. The amount so set aside w~ll be paid to the holders or owners of the bonds upon ~emand and upon the surrender and cancellation of the bonds. Treasurer of E1 D~orado County and e officio Trea~-~6rer of the South Tahoe Public Utilit¥__District