Ordinance No. 212 - RetiredORDINANCE NO. 212
AN ORDINANCE OF THE SOUTH TAHOE PUBLIC UTILITY
DISTRICT STATING THE PURPOSE FOR WHICH TAXES ARE
NECESSARY, FIXING THE AMOUNT OF MONEY NECESSARY
TO BE RAISED BY TAXATION. FIXING OF RATE OF TAXES
1971 - 1972 FISCAL 'YEAR
BE IT ENACTED by the Board of Directors of SOUTH TAHOE PUBLIC
UTILITY DISTRICT, County of E1 Dorado, State of Californial as follows:
1. It is hereby determined that revenues of SOUTH TAHOE PUBLIC
UTILITY DISTRICT during the fiscal year 1971 - 1972 are inadequate to pay the
principal or interest on the bonded debt of said District incurred in the years
1959 - 1960 during said fiscal year, and that the interest and sinking fund pay-
ments for said fiscal year cannot be met out of surplus earnings for said year for
the public utility or public utility work for which said bonds were issued, and
that said payments cannot be met out of the monies of the general fund of said
District, appropriated or transferred to the sinking fund of the public utility for
which said bonds were issued, and therefore, taxes shall be levied for such
purposes to pay the annual interest on said bonds, to pay such part of the principal
as will fall due in the fiscal Fear 1971 - 1972 and to provide for sinking fund pay-
ments of the next succeeding fiscal year.
2. The amount of money necessary to be raised by taxation during the
fiscal year 1971 - 1972 for the payment of said annual interest on said bonded
debt incurred during the years 1959 - 1960 for said fiscal year and for the payment
of such part of the principal as will fall due during said fiscal year is One Hundred
Fifty Four Thousand One Hundred Dollars ($154,100) and the rate of taxation for
said purpose based on the number of cents upon each One Hundred Dollars ($100.00)
value of property assessed by the E1 Dorado County Assessor and returned to the
Board of Supervisors of said County by the Auditor of said County is hereby fixed
by the Board of Directors of said District at $0.167 and therefore levied at $0.167
per said One Hundred Dollars ($100.00) assessed value of said property within
said District.
3. It is hereby determined that revenues of SOUTH TAHOE PUBLIC UTILITY
DISTRICT during the fiscal year 1971 - 1972 are inadequate to pay the principal or
interest on the bonded debt of said District incurred tn the years 1951 - 1952 during
said fiscal year, and that the interest and sinking fund payments for said fiscal year
cannot be met out of surplus earnings for said year for the public utility or public
utility work for which said bonds were issued, and that said payments cannot be
met out of the monies of the general fund of said District appropriated or transferred
to the sinking fund of the public utility for which said bonds were issued, and,
therefore, taxes shall be levied for such purposes to pay the annual interest on said
bonds, to pay such part of the principal as will fall due tn the fiscal year 1971 - 19~72
and to provide for sinking fund payments of the next succeeding fiscal year.
4. The amount of money necessary to be raised by taxation during the fiscal
year 1971 - 1972 for the payment of said annual interest on said bonded debt incurred
during the Years 1951-1952 for said fiscal year and for the payment of such part of
the principal as will fall due during said fiscal year, and to provide for the sinking
fund payments of the next succeeding fiscal year is Twelve Thousand Four Hundred
Dollars ($12,400.00), and the rate of taxation for said purpose based on the number
of cents upon each One Hundred Dollars ($100.00) value of property assessed by the
E1 Dorado County Assessor and returned to the Board of Supervisors of said County
by the Auditor of said County ts hereby fixed by the Board of Directors of said District
at $0.014 and therefore levied at $0.014 per said One Hundred Dollars ($100,00)
assessed value of said property within said District.
5. It is further determined that funds for maintenance and operation of SOUTH
TAHOE PUBLIC UTILITY DISTRICT during the fiscal year 1971 - 1972 are needed to
carry out the objects and purposes of said District, which said funds cannot be pro-
vided out of revenues of said District during said fiscal year.
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6. The amount of money necessary to be raised for taxation during the
fiscal year 1971-1972 for the maintenance and operation of SOUTH TAHOE PUBLIC
UTILITY DISTRICT needed to carry out the objects and purposes of said District,
which said funds cannot be provided out of revenues of said District, during said
fiscal year, is Eight Hundred Ninety Thousand Dollars ($890,000.00), and the rate
of taxation for said purposes based on the number of cents upon each One Hundred
Dollars ($100.00) value of property assessed by the E1 Dorado County Assessor and
returned to the Board of Supervisors of said County by the Auditor of said County
is hereby fixed by the Board of Directors of said District at $0.969, and, therefore,
levied at $0.969 per said One Hundred Dollars ($100.00) assessed value of said
property within said District.
7. This Ordinance shall take effect thirty (30) days after its passage. At
least one (1) week before the expiration of said thirty (30) day period, copies of
said Ordinance shall be posted by the Gterk of the SOUTH TAHOE PUBLIG UTILITY
DISTRICT at three (3) public places tn said District, and at least one (1) week be-
fore the expiration of said thirty (30) day period, this Ordinance shall be published
in the TAHOE DAILY TRIBUNE, a newspaper of general circulation, printed and pub-
lished tn the said Dtstrtct, one (1) time0
8. A certified copy of this Ordinance shall be transmitted to the County
Auditor of the Gounty of E1 Dorado, and to the County Treasurer of the County of
E1 Dorado, upon its adoption.
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PASSED AND ADOPTED at a regular meeting of the Board of Directors
of the SOUTH TAHOE PUBLIC UTILITY DISTRICT on August 19, 1971, by the following
vote:
AYES: Directors:
NOES: Directors:
ABSENT: Director:
Fesler, Hegarty, Wakeman, Ream, and Kortes
None
N one
Robert W. Fesler, President of the Board
of Directors of South Tahoe Public Utility
District
ATTEST:
Da~v/i~~. C~llaha~~rk of the
SOUTH TAHOE PUBLIC UTILITY DISTRICT
and ex-officio Secretary of the Board of
Directors thereof.
CERTIFICATE OF ORDINANCE
STATE OF CALIFORNIA )
) ss
COUNTY OF EL DORADO )
I, the undersigned, do hereby certify that the above is a true and
correct copy of Ordinance No. 212 , South Tahoe Public Utility District,
entitled, "An Ordinance of the South Tahoe Public Utility District Stating the
Purpose for Which Taxes are Necessary, Fixing the Amount of Money Necessary
to be Raised by Taxation, Fixing of Rate of Taxes", and that said Ordinance was
duly adopted by the Board of Directors of South Tahoe Public Utility District on
August 19, 1971, the original of which is on file in the office of South Tahoe
Public Utility District.
IN WITNESS WHEREOF, I have set my hand and the seal of the South
Tahoe Public Utility District, this 19th day of August 1971.
DavidW. Callahan, Clerk of the
SOUTH TAHOE PUBLIC UTILITY DISTRICT
and Ex-Officio Secretary of the Board of
Directors there of.
(SEAL)
A. FFiDAV±T Of-' POS'riNG
OI.L IN:~_~...,~ NO. 2 1 2
STATE OF CALIFORNIA )
) ss
COUNTY OF' k[. DORADO )
says:
DAVID W. CALLAHAN, being first duly sworn, deposes and
That he is, and during all times herein mentioned was
the duly acting and qualified Clerk and ex-officio Secretary of the Board
of Directors of the South Tahoe Public UtilityDistrfct, E1 Dorado, California;
That on the_ 10th. ~__day of ~_~! .... , 1971 , he
caused to be posted full, true and correct copies of ORDINANCE NO~___,
in three public places in said District, to wit:
1. SOUTH LAKE TAHOE, CALIFORNIA, TAHOE VALLEY STATION
2.SOUTH LAKE TAHOE, CALIFORNIA~ BIJOU STATION
SOUTH LAKE TAHOE, CALIFORNIA, 8TATELINE STATION
DAVID W. CALLAHAN
Subscribed and sworn to before
me this 13th tay of S_eptember
197~..
C. ount[, of L1 Dorado, Stp{e. of
Ca 1Jforn ia.
MY COMMISSION EXPIRES 11/19/74