Ordinance No. 224 - Retired ORDINANCE NO. 224
AN ORDINANCE OF THE SOUTH TAHOE PUBLIC
UTILITY DISTRICT FOR IMPROVEMENT DISTRICT
NO. U-1 OF THE SOUTH TAHOE PUBLIC UTILITY
DISTRICT ESTIMATING THE MINIMUM AMOUNT
OF MONEY TO BE RAISED BY TAXATION FOR SAID
DISTRICT AND FIXING OF RATE OF TAXES.
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 Improvement District No.
U-1, SOUTH TAHOE PUBLIC UTILITY DISTRICT during the fiscal year 1972-1973 are
inadequate to pay the principal and interest on the bonded debt of said Improvement
District incurred in the years 1967-1968 during said fiscal year and principal and
interest that will become due before the proceeds of the next general tax levy will
be available cannot be met out of revenues for said year for said Improvement
District, and therefore, taxes shall be caused to be levied for such purposes to
pay the annual principal and interest on said bonds, to pay such part of the principal
and interest as will fall due in the fiscal year 1972-1973 and to pay the principal
and interest that will become due before the proceeds of the next tax levy will be
available.
2. The estimated minimum amount of money required 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 1967-1968 and for the payment of
such part of the principal and interest as will fall due during said fiscal year and
to pay the principal and interest that will become due before the proceeds of the
next general tax levy will be available ts One Hundred Fifty Two Thousand Dollars
($152,000.00). There is no amount of money required by said Improvement District
to be raised by taxation during the fiscal year for all other purposes of said District.
3. The rate of taxation ts hereby fixed by the Board of Directors of said
District for said Improvement District No. U-1 at the rate of $0.75 per One Hundred
Dollars ($100.00) of assessed value of said property within said Improvement District.
It is therefore directed that at the time and in the manner required by law for
levying taxes for E1 Dorado County, the Board of Supervisors, E1 Dorado County
shall levy, in addtttion of any other taxes tt levies, a tax upon all of the property
in Improvement District No. U-1 of the SOUTH TAHOE PUBLIC UTILITY DISTRICT
at the rate of 80.75 per One Hundred Dollars ($100.00) of assessed value of said
property within said Improvement District. All of the property within said District
is benefited by said bonded debt.
4. 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 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 said District one (1) time.
PASSED AND ADOPTED at a duly held meeting of the Board of Directors of
SOUTH TAHOE PUBLIC UTILITY DISTRICT on August 17, 1972, by the following
vote:
AYES: Directors:
NOES: N one
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 and Ex-officio
Secretary of the Board
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. 224 , SOUTH TAHOE PUBLIC UTILITY
DISTRICT entitled, "An Ordinance of the South Tahoe Public Utility District for
Improvement District No. U-1 of the South Tahoe Public Utility District Estimating
the Minimum Amount of Money to be Raised by Taxation for Said District and
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 7, 1972, the
original of which is on file in the Office of SOUTH TAHOE PUBLIC UTILITY DISTRICT.
IN WITNESS ~VHEREOF, I have set my hand and seal of the SOUTH TAHOE
PUBLIC UTILITY DISTRICT, this 7th day of August 1972.
DavidW. Callahan, Clerk and Ex-officio
Secretary of the Board
SOUTH TAHOE PUBLIG UTILITY DISTRICT
(SEAL)