Ordinance No. 172 - RetiredORDINANCE NO. 1 7 2
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,
1968-1969 FISCAL YEAR.
BE IT ENACTED by the Board of Directors of SOUTH TAHOE PUBLIC
UTILITY DISTRICT, County of E1 Dorado, State of California, a's follows:
1. It is hereby determined that revenues of SOUTH TAHOE PUBLIC
UTILITY DISTRICT during the fiscal year 1968-1969 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 1968 - 1969 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 1968' - 1969 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 is One Hundred Forty Five Thousand Two Hundred Dollars
($ 145,200°00) and the rate of taxation for said purpose based on the number
of cents upon each One Hundred Dolars ($ 100.00) value of property assessed
by the E1 Dorado County Assessor and returned to the Board of Supervisors of
said District at $0.208 and therefore levied at $0.208 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 1968 - 1969 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 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 1968 - 1969 and to provide for sinking fund payments of the next
succeeeding fiscal year.
4. The amount of money necessary to be raised by taxation
during the fiscal year 1968 - 1969 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 Thirteen Thousand Seven Hundred Dollars ($13,700.00),
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 $0.020 and therefore levied at $0.020 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 1968 - I969 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 o The amount of money necessary to be raised for taxation
during the fiscal year 1968 - 1969 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 Five Hundred Five
Thousand Dollars ($505,000.00), 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 SOUTH TAHOE PUBLIC UTILITY
DISTRICT at $0.722, and, therefore, levied at $0.722 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 (I) week before the expiration of said 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 (3)
day period, this Ordinance shall be published in the LAKE TAHOE NEWS, a
newspaper of general circulation, printed and published in the said District ,
one (1) time°
-3-
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.
PASSED AND ADOPTED at a. regular meeting of the Board of
Directors of SOUTH TAHOE PUBLIC UTILITY DISTRICT on August i5, I968,
by the following vote:
AYES:
NOES:
ABSENT:
Directors, Fesler, Kortes, Hegarty, Wakeman and Ream
None
None
ROBERT W. FESLER, President of the Board
of Directors of South Tahoe Public Utility
P istrict
ATTEST:
DAVID Wo CALLAHAN, Clerk of the
SOUTH TAHOE PUBLIC UTILITY DISTRICT
and ex-officio Secretary of the Board of
Directors thereof.
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. 1 7 2 , 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 I5, 1968,
'the original of which is on file in the office of South Tahoe Public Utility
District.
IN WITNESS !ArHEREOF, I have set my hand and the seal
of the South Tahoe Public Utility District, this ISth day of August, I968.
(SEAL)
DAVID Wo CALLAHAN, Clerk of the
SOUTH TAHOE PUBLIC UTILITY DISTRICT
and ex-officio Secretary of the Board of
Directors thereof o
CERTIFICATE OF POSTING
STATE OF CALIFORNIA
COUNTY OF EL DORADO )
SS
I, the undersigned, do hereby certify that I am the Clerk and
ex-officio Secretary of the South Tahoe Public Utility District, County of
E1 Dorado, State of California.
172
posted the Ordinance No.
On the ~S day of August, I968, I
· to which this Certificate is attached
by posting a full, true and correct copy 'thereof in each of the following
three (3) public places within the District Boundaries, to wit:
One copy at South Lake Tahoe, California, Stateline Station Post Office;
One copy at South Lake Tahoe,
One copy at South Lake Tahoe,
California, Bijou Station Post Office; and
California, Tahoe Valley Station Post Office.
IN %qTNESS THEREOF, I have hereunto subscribed my name and affixed
the seal of the South Tahoe Public Utility District, this ~--~7 day of
August, 1968.
DAVID Wo CALLAHAN~ Clerk of the
SOUTH TAHOE PUBLIC UTILITY DISTRICT
And ex-officio Secretary of the Board of
Directors thereof o
(SEAL)