Resolution No. 1045WJML:RJH:gbb 4/12j~8 Sc
RESOLUTION NO. 1045
A RESOLUTION ORDERING TRANSFER FROM CONSTRUCTION FUND
TO BOND FUND AND ADJUSTMENT OF INSTALLMENT PAYMENTS
ON UNPAID ASSESSMENTS NUMBERS 1, 193, 276 AND 281 TO
CORRECT ERRORS IN AMOUNTS OF SAID ASSESSMENTS
ASSESSMENT DISTRICT 1967-2
RESOLVED, by the Board of Directors of the South Tahoe
Public Utility District, E1 Dorado C~unty, California, that
WHEREAS, pursuant to Resolution of Intention No. 816,
adopted by this Board on April 20, 1967, as subsequently amended,
assessments have been confirmed and levied and the List of Unpaid..
Assessments has been duly certified and filed and bonds have been
issued upon the security of said unpaid assessments;
WHE~, errors were made in calculation of the amount of
four of said assessments included in said List of Unpaid Assess-
ments, as hereinafter set forth;
NOW, THEREFORE, IT IS DETERMINED AND ORDERED as follows:
1. Assessments Nos. l, 193, 276 and 281 were confirmed,
levied and included in the List of Unpaid Assessments in the
amounts set forth in Exhibit A attached hereto and made a part
hereof.
2. Said assessment numbers should have been confirmed,
levied and included in the List of Unpaid Assessments in the
amounts set forth in said Exhibit A.
3. $1,801.93, representing the total difference between
the amounts of said individual assessments as included in the List
of Unpaid Assessments and the amounts of said individual assess-
ments as same should have been included in the List of Unpaid
Assessments, plus the interest payable on said amount, shall be
transferred from the Construction Fund for said assessment districtl
to the Bond Fund for payment of principal and interest upon the
bonds issued upon the security of said unpaid assessments; and the
annual installments payable upon each of said four individual as-
sessments shall be proportionately reduced to eliminate therefrom
said difference between the amounts of said individual assessments
as included in the List of Unpaid Assessments and the amounts of
said individual assessments as same should have been included in
the List of Unpaid Assessments, together with the interest payable
thereon, so that said installments shall be the same as though
each of said individual assessments had been included in said List
of Unpaid Assessments in the correct amount as hereinabove deter-
mined.
Pres ident
ATTEST: South Tahoe Public Utility District
~Clerk and Ex-~fficio Secretary
I hereby certify that the foregoing is a full, true and cor-
rect 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
day of APRIL , 1968, by the following vote:
AYES, and in favor thereof, Directors:
NOES, Directors:
Wakeman
Kortes
Fesler
Ream
ABSENT, Directors: Hegarty
Clerk and Ex-officio Secretary
South Tahoe Public Utility District
-2-
EXHIBIT A
RESOLUTION NO. 1045
South Tahoe Public Utility_District
Assessment District 1967-2
Assmt. No.
1
193
276
281
Amount Confimed
and Included in
Unpaid List
1258.85
1451.90
2O52.2O
1693.1o
Amount as Should have
been Confirmed and
Included in Unpaid List
1147.70
1352.45
1683.65
1371.80
TOTAL DIFFERENCE
INTEREST THEREON
Difference
111.15
99.45
368.55
321.3o
900.45
901.48
$ 1,801.93