Ordinance No. 223 - RetiredORDINANCE NO. 225
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 1972 -
1973 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 determined that revenues of SOUTH TAHOE PUBLIC
UTILITY DISTRICT during the fiscal year 1972-1973 are inadequate to pay the
principal or interest on the bonded debt of said District incurred in the ye ars
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 6f 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 1972-1973 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 1972-1973 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 Sixty
Thousand Dollars ($160,000) 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 $0.165 and therefore levied at $0.165 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 1972-1973 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 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 year 1972-1973 and to provide for sinking fund pay-
ments of the next succeeding fiscal year.
4. The amount of money necessary to be raised by taxation during the
fiscal year 1972-1973 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
Four Hundred Dollars ($13,400.00), 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 is 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.
S. It is further determined that funds for maintenance and operation of
SOUTH TAHOE PUBLIC UTILITY DISTRICT during the fiscal year 1972-1973 are
needed to carry out the objects and purposes of said District, which said funds
cannot be provided out of revenues of said Distruct during said fiscal year.
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6. The amount of money necessary to be raised for taxation during
the fiscal year 1972-1973 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, it Nine Hundred Forty Thousand Dollars ($940,000.00) 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 bythe Auditor
of said County is hereby fixed by the Board of Directors of said District at $0.971,
and, therefore, levied at $0.971 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 lease one (1) 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 (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.
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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 17, 1972, by the
following vote:
AYES: Directors:
NOES: None
Fesler, Hegarty, Wakeman, Ream, and Kortes
ABSENT: None
Robert W. Fesler, President of the Board
SOUTH TAHOE PUBLIC UTILITY DISTRICT
ATTEST:
David W. Callahan[- Clerk arid Ex-officio
Secretary of the Board
SOUTH TAHOE PUBLIC UTILITY DISTRICT
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. 223 ., SOUTH TAHOE PUBLIC UTILITY
DISTRCT, 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 the Rate of Taxes", and
that said Ordinance was duly adopted by the Board of Directors of SOUTH
TAHOE PUBLIC UTILITY DISTRICT on August ?, 1972, 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
THAT PUBLIC UTILITY DISTRICT, this 7th day of August 1972.
David W. Callahan, Clerk and Ex-officio
Secretary of the Board
SOUTH TAHOE PUBLIC UTILITY DISTRICT
(SEAL)