Ordinance No. 199 - RetiredORDINANCE NO. 199
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,
1970- 1971 FISCAL YEAR
BE IT ENACTED by the Board of Directors of SOUTH TAHOE PUBLIC
UTILITY DISTRICT, County of E1 Dorado, State of California, as follows:
1. It is hereby determ[ned that revenues of SOUTH TAHOE PUBLIC
UTILITY DISTRICT during the fiscal year 1970 - 1971 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 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 in the fiscal year
1970 - 1971 and to provide for sinking fund payments of the next succeeding
fiscal year.
2. The amount of money necessary to be raised by taxation
during the fiscal year 1970- 1971 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, and to provide for the sinking fund payments of the next succeeding
fiscal year fs One Hundred Forty Seven Thousand One Hundred Dollars
(8147,100) 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 fbced by the Board of
Directors of said District at $0.180 and therefore levied at $0.180 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 1970 - 1971 are inadequate to pay the
principal or interest on the bonded debt of said District incurred in 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 Distridt 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 year 1970-1971 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 1970-1971 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 s[nking fund payments of the next succeeding fiscal year is
Eleven Thousand Seven Hundred Dollars ( $11,700.00 ), 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
is hereby fixed by the Board of Directors of said District at $0. 015 and therefore
lev~ed at $0.015 per said One Hundred Dollars ( $100.00 ) assessed value of
said property within said District.
-- 2 --
5. It is further determined that funds for maintenance and operation
of SOUTH TAHOE PUBLIC UTILITY DISTRICT during the fiscal year 1970-1971
are 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.
6. The amount of money necessary to be raised for taxation during
the fiscal year 1970-1971 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, durfng said fiscal year, is Seven Hundred Seventy Thousand
Dollars ( $770,000.00 ), 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 $0.955, and, therefore, levied
at $0.955 per said One Hundred Dollars ( $100.00 ) assessed value of said
property within sa~d District.
7. This Ordinance shall take effect thirty (30) days after [ts
passage. At least one (1) week before the expiration of sa id thirty (30)
day period, copies of said Ordinance shall be posted by the Clerk of the
SOUTH TAHOE PUBLIC UTILITY DISTRICT at three (3) public places in said
District, and at least one (1) week before 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 published in the said District,
one (1) time.
8. A certified copy of this Ordinance shall be transmitted to the
County Auditor of the County of E1 Dorado, and to the County Treasurer of
the County of E1 Dorado, upon its adoption.
-3-
PASSED AND ADOPTED at a regular meeting of the Board of Directors
of SOUTH TAHOE PUBLIC UTILITY DISTRICT on August 6, 1970, by the following
vote:
AYES: D [rectors:
Fesler
Hegarty
Wakeman
Ream
NOES: None
AB SENT: D Lrector Kortes
DAVID W. CALLAHAN, Clerk of the
SOUTH TAHOE PUBLIC UTILITY DISTRICT
and ex-offLcto Secretary of the Board of
D [rectors thereof.
ROBERT W. FESLER, Pres[dent of the Board
of Directors of South Tahoe Public Utility
District
CERTIFICATE OF ORDINANCE
STATE OF CALIFORNIA )
)
COUNTY OF EL DORADO )
ss
I, the undersigned, do hereby certify that the above is
a true and correct copy of Ordinance No. 199, South Tahoe Public
Utility District, entitled, "An Ordinance of the South Tahoe Public
UtLlity District StatLng the Purpose for Which Taxes are Necessary,
Fbcing 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 D~rectors of South Tahoe Public Utility District on August 6,
1970, 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 UtHLty District, this 6th day of August, 1970.
DAVID W. CALLAHAN, Clerk of the
SOUTH TAHOE PUBLIC UTILITY DISTRICT
and Ex-Officio Secretary of the Board of
Directors thereof.
( SEAL
AFFiDAViT OF POSi'iNG
O~DINANGE NO. !99
STATE OF CALIFORNIA )
) ss
COUN'TY OF i:;L ])OtU~DO )
says:
DAVID W. CALLAHAN, being first duly sworn, deposes and
That he is, and during all times herein mentioned was
the duly aching and qualified Clerk and ex-officio Secretary of the Board
of Directors of the South Tahoe Public Utility District, E1 Dorado, Cal~rn].a;'~ '
That on the 26th day of Aug~ust , 1970
caused to be posted full, true and correct copies of ORDINANCE NCo
in three public places in sai. d District, to wit:
1.
, he
199
SOUTH LAKE TAHOE, CALIFORNIA, TAHOE VALLEY STATION
SOUTH LAKE TAHOF~, CALIFORNIA, BIJOU STATION
SOUTH LAKE TAHOE, CALIFORNIA, STATELINE STATION
DAVID W. CALLAHAN
Subscribed and sworn to before
me this 26th .-lay of August
1970.
County of E1 Dorado, State
Ca 1 iforn ia.
MY COMMISSION EXPII[ES 11/22/70
..:.~ · MA[;;Y ORINA PA~SLEY
. NOTARY PUBLIO
x~:,~]?j/EL DORADO CO.,CALIFORNIA
M'r' ¢O.~,'~ISS[ON EXPIRES NOV. 22, ]970