Ordinance No. 281 - RetiredAN 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 RATES OF
TAXES 1978 - 1979 FISCAL YEAR
BE IT ENACTED by the Board of Directors of the South Tahoe
Public Utility District, County 6f E1 Dorado, State of California,
as follows:
1. It is hereby determined that revenues of Improvement
District No. U-l, South Tahoe Public Utility District during the
fiscal year 1978 - 1979 are in~lequate 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 1978 - 1979 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 1978 - 1979 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 Eight Thousand Dollars {$208,000.00).
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 leving
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 in 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 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 the South Tahoe Public Utility District on August 31,
1978, by the following vote:
AYES, Directors:
NOES, Directors:
ABSENT, Directors:
Lorrene Kashuba, Ray Fieldcamp, Neal Olson, Jim Jones
Fran Cocking
?
Lorrene L.'Ka~hLfba~ Presiaent
South Tahoe Public Utility District
ATTEST:
~a~y D.~A~brose, Clerk and Ex-officxo
Secret~ry of the Board
South Tahoe Public Utility District
AFFIDAVIT OF POSTING
ORDINANCE NO. 281
STATE OF CALIFORNIA
COUNTY OF EL DORADO
)
)ss
)
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. 281, in form attached hereto
and by reference made a part hereof, in three public places
in the District , as follows:
1. Cit~ Administrativ~ Buildings
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
day' of
That said posting was completed on the
September , 1978.
6th
A. Homing , j
Subscribed and sworn to before
me this 6th day of
~~~~~- ntSeptember . , !978.
b~ co~ission expires 11/19/78.