Ordinance No. 248 - Retired ,ORDINANCE NO. 248
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 RATES 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-l, SOUTH TAHOE PUBLIC UTILITY DISTRICT during the fiscal year 1974 -
1975 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
1974 - 1975 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 1974 - 1975 for the payment of said annual
interest on said bonded debt incurred during the years 1967 - 1968 and for pay-
ment 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 One Hundred Sixty
Nine Thousand Dollars ($169,000.00). 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 $0.60 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 in Improvement District No. U - 1 of the SOUTH
TAHOE PUBLIC UTILITY DISTRICT at the rate of $0.60 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 15th, 1974, by the following
vote:
AYES: Directors:
NOES: None
ABSENT: None
Fesler, Hegarty, Kortes, Ream andWakeman
President of the Board
SOUTH TAHOE PUBLIC UTILITY DISTRICT
.ATTE S.~ ~ .~, /
David W. Callahan, Clerk and 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 ts a true and
correct copy of ORDINANCE NO. 248 , 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 the SOUTH TAHOE PUBLIC UTILITY DISTRICT
on August 15, 1974, the original of which is on file in the Office of the South
Tahoe Public Utility District.
IN WITNESS WHEREOF, I have set my hand and seal of the SOUTH TAHOE
PUBLIC UTILITY DISTRICT, this 15th day of August 1974.
David W. Callahan, Clerk and Ex-officio
Secretary of the Board
SOUTH TAHOE PUBLIC UTILITY DISTRICT
(SEAL)