Ordinance No. 253 - RetiredORDINANCE NO. 253
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
1975 - 1976 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 1975 - 1976 are inadequate to pay the
principal or interest on the bonded debt of said District incurred in the years
1959 - 1960 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 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 1975 - 1976 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 1975 - 1976 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
Forty-Two Thousand Dollars ($142,000) 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 $0.097 and therefore levied at $0.097 per
said One Hundred Dollars ($100.00) assessed value of said property within the
District.
3. It is hereby determined that revenues of SOUTH TAHOE PUBLIC
UTILITY DISTRICT during the fiscal year 1975 - 1976 are inadequate to pay the princi-
pal 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 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 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 1975 - 1976 and to provide for sinking fund payments of the next
succeeding fiscal year.
4. The amount of money necessary to be raised by taxation during the
fiscal year 1975 - 1976 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 payment of the next succeeding fiscal year is Ten Thousand
Dollars ($10,000.00), 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 $0.007 and therefore levied at $0.007 per said One Hundred Dollars
($100.00) assessed value of said property within said District.
5. It is further determined that funds for maintenance and operation of
SOUTH TAHOE PUBLIC UTILITY DISTRICT during the fiscal year 1975 - 1976 are
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.
6. The amount of money necessary to be raised for taxation during the
fiscal year 1975 - 1976 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, is One Million Four Hundred Eighty Thousand ($1,480,000.00) 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
/~ssessor 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 $1.006, and,
therefore, levied at $1.006 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 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
(2)
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.
PASSED AND ADOPTED at a duly held meeting of the Board of Directors
of the SOUTH TAHOE PUBLIC UTILITY DISTRICT on August 28, 1975, by the
following vote:
AYES: Directors:
NOES: None
ABSENT: None
Wakernan, Fesler, Kortes, Hegarty and Ream
Donald H. Kortes, 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
I hereby certify that the foregoing is a full, true and correct copy of
Ordinance No. 253 duly and regularly adopted by the Board of Directors
of the South Tahoe Public Utility District, E1 Dorado County, California.
David W. Callahan, Clerk and Ex-Officio
Clerk of the Board
SOUTH TAHOE PUBLIC UTILITY DISTRICT
AFFIDAVIT OF POSTING
ORDINANCE NO. 253
State of California
County of E1 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. 253, in form attached hereto and by
reference made a part hereof, in three public places in the District,
a s follows:
Stateline Post Office Station,
South Lake Tahoe, Ca.
Bijou Post Office Station,
South Lake Tahoe, Ca o
Tahoe Valley Post Office Station,
South Lake Tahoe, Ca.
That said posting was completed on the 19th day of
September 1975.
Chester A. Horning
Subscribed and sworn to before me thiis
19th day of September 1975
'NOtary Public in and for the Cou~(y
~ Dorad:o~ State of California
My commission expires 11/19/78.
~ OFFICIAL SEA~ .
~ ~ MARY ORINA PARSLEY
j ~%~:~F7 COUN~ O~ E~ oo~o j
m -~ My Co4~mission Expi~ November 19,197:~