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Ordinance No. 260 - Retired ORDINANCE NO. 260 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 the 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-I, SOUTH TAHOE PUBLIC UTILITY DISTRICT during the fiscal year 1976 - 1977 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 as will fall due in the fiscal year 1976 - 1977 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 1976 - 1977 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 pro- ceeds of the next general tax levy will be available is Two Hundred Three Thousand Dollars ($203,000.00). 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 $0.55 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 to 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 $0.55 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 circu- lation, 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 26, 1976, by the following vote: AYES, Directors: NOES, Directors: ABSENT, Directors: Hegarty, Fesler, Kashuba, Cocking and Fieldcamp None None Edward HegartY;'~ PreSii~nt ~e Board SOUTH TAHOE PUBI~ UTIL]~TY DISTRICT ATTEST: 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 is a true and correct copy of ORDINANCE NO. 260 , 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 26, 1976, 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 26th day of August, 1976. David Wo Callahan, Clerk a~d Ex:of~.. Secretary of the Board SOUTH TAHOE PUBLIC UTILITY DISTRICT (SEAL) AFFIDAVIT OF POSTING ORDINANCE NO. 260 STATE OF CALIFORNIA ) ) ss COUNTY OF EL DORADO ) CHESTER A. HORNING, being first duly s~orn, 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. 260, in form attached hereto and by reference made a part hereof, in three public places in the District, as follows: Stateline Post Office Station South Lake Tahoe, Ca. Bijou Post Office Station South Lake Tahoe, Ca. Tahoe Valley Post Office Station South Lake Tahoe, Ca. day of August 1976. That said posting was completed on the 31st '~-'Chester A. Horning Subscribed and sworn to before me this 31st day of August 1976· Notary F~i~blic in and for the GounW Dorado, State of Galifornia. My commission expires 11/19/78. Ll IllglllllllllllillllfllllllllllllBIIIIIIllllllllll lllll lB OFFICIAL S~L · MARY DRINA PARSLEY I NOTARY PUBLIC: - C:AL,IFORNIA · COUNTY OF EL DORADO IlIIIIIIIIlIIlIIlIIIIIIIIIIIIMIIIII~ U?