Ordinance No. 303 - RetiredORDINANCE NO. 303
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 ~4OUNT OF MONEY TO BE RAISED BY
TAXATION FOR SAID DISTRICT AND FIXING OF RATES
OF TAXES 1979-1980 FISCAL YEAR
BE IT ENACTED by the Board of Directors of the South
Tahoe Public Utility District, County of E1 Dorado, State of
California, as follows:
1. It is hereby determined that revenues of Improve-
ment District No. U-i, South Tahoe Public Utility District during
the fiscal year 1979-1980 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 1979-
1980 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 1979-1980 for the
payment of said annual interest on said bonded debt incurred
during the years 1967-1968 and for 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 is
Two Hundred Forty Thousand Dollars ($240,000.00). 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 is hereby fixed by the Board
of Directors of said District for said Improvement District
No. U-1 at the rate of $0.40 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 addition of any other taxes it levies, a tax upon all of the
property Improvement District No. U-1 of the South Tahoe Public
Utility District at the rate of $0.40 per One Hundred Dollars
($100.00) of assessed value of said property within said Improve-
ment 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 news-
paper 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 the South Tahoe Public Utility District on
August 16, 1979, by the following vote:
AYES, Directors: Olson, Cocking, Fieldcamp, Jones
NOES, Directors: None
Directors: Kashuba
ABSENT,
~-~-~y -~~~'~' ,Vice Pres iden
South Tahoe Public Utility District
ATTEST:
~a~y D./~d~rose, c±erk and E -
Secretary of the Board
South Tahoe Public Utility District
-2-
I HEREBY CERTIFY THAT THE FOREGOING IS A FULL~' TRUE
AND CORRECT COPY OF AN ORDTNANCI; DULY AND REGULARLY
ADOPTED BY THE BOARD OF DIRECTORS OF THE SOUTH TAHOE PUBLIC
UTILITY DISTRICT~ EL DORADO COUNTYj CALIFORNIAj AT A
MEETING THEREOF DULY HELD ON THE 16th
DAY OF AUGUSt' ._, 1979, BY THE
FOLLOWING VOTE'
AYES:
NOES'
DIRECTORS Olson, Cocking, l"ieldcami}, Jones
DIRECTORS None
ABSENT:
RECTORS iL. I<ashuba
~OARD OF'DIRI~CTORS OF THE
oOUTH TAHOE PUBLI C LIT I L ITY D I STR l CT
AFFIDAVIT OF POSTING
ORDIN~iNCE NO. 303
STATE OF CALIFORNIA)
)ss
COUNTY OF EL DORADO)
CHESTER A. HORNING, being first duly sworn, deposes
and says:
That for and on behalf of the Clerk and ex-Officio
Secretary of the SOUTH TAHOE PUBLIC UTILITY DISTRICT affiant
posted copies of ORDINANCE NO. 303, in form attached hereto
and by reference made a part hereof, in three public places
in the District, as follows:
1. City Administrative Building
3050 Lake Tahoe Blvd.
South Lake Tahoe, California
2. Bijou Post Office Station
South Lake Tahoe, California
3. Tahoe Valley Post Office Station
South Lake Tahoe, California
That said posting was completed on the~OZ~_
day of__~_~gd~_f- , 1979.
Hornin~
Chester A.
Subscribed and sworn to before
me t~___~_~ day of
Notary~ Public in and for the County
of E1 Dorado, State of California.
My co~aission expires 11/19/82.
M~ ¢c~mm~on Expires Nov. 19, 1982