Resolution No. 1064WJML: RJH:gbb 5c
RESOLUTION NO. 1064
A RESOLUTION ESTABLISHING ADMINISTRATIVE CHARGES
TO BE INCLUDED AS INCIDENTAL EXPENSES IN
ASSESSMENT DISTRICT PROCEEDINGS
RESOLVED, by the Board of Directors of the South Tahoe
Public Utility District, that
WHEREAS, personnel employed by said District are required
to perform a multitude of administrative tasks in connection with
assessment district proceedings conducted by the District;
WHEREAS, a study of the time and expense involved in per-
forming such tasks shows that the charges hereinafter provided
are commensurate with the costs to the District in providing the
necessary administrative services;
NOW, THEREFORE, IT IS HEREBY DETERMINED AND ORDERED:
1. That fair and reasonable charges to be made in assess-
ment district proceedings for administrative services rendered by
the District on behalf of the assessment districts are as follows:
(a) 1% of the costs to be assessed, exclusive of
legal fees and bond discount, up to and in-
cluding costs in the amount of $250,000.00;
(b) 1/2 of 1% of such costs insofar as same are
greater than $250,000.00 but not in excess
of $500,000.00; and
(c) 1/4 of 1% of such costs insofar as same are
greater than $500,000.00 but not in excess
of $750,000.00.
2. That charges as above set forth be included in assess-
ment district proceedings conducted by this District, as an inci-
dental expense, such charges to be paid by the assessment dis-
tricts to reimburse the District for the cost of providing said
administrative services, and such charges when paid to be
deposited to the credit of the District's General Fund.
ATTEST:
Clerk and Ex-officio Secretary
Pres ident
South Tahoe Public Utility District
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 2nd day of May, 1968, by the following vote:
AYES, and in favor thereof, Directors:
NOES, Directors:
ABSENT, Directors:
Wakeman
Kortes
Fesler
Hegarty
Ream
Clerk and Ex-officio Secretary
South Tahoe Public Utility District
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