Ordinance No. 270 - RetiredORDINANCE NO. 270 '-
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
1977 - 1978 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 South Tahoe Public Utility
District during the fiscal year 1977 - 1978 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 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 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 pnrposes
to pay the annual interest on said bonds to pay such part of the principal as will
fall due in the fiscal year 1977 - 1978 and to provide for sinking fund payments
of the next succeeding fiscal year.
2. The amount of money necessary to be raised by taxation durir,~j the
fiscal year 1977 - 1978 for the payment of said annaal 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
Seventy-Seven Thousand Dollars ($177,000) 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. 101 and therefore levied at $0. 101
persaid 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 1977 - 1978 are inadequate to pay the principal
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 1977 - 1978 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 1977 - 1978 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 o~[ the next succeeding fiscal year is Twelve Thousand
Dollars ($12,000.00), 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. 008 and therefore levied at $0.008 per said One Hundred Dollars
($100.00) assessed value of said property within said District.
5. It is further determined that funds for maintenance, operation, and
improvements of South Tahoe Public Utility District during the fiscal year 1977 -
1978 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 1977-1978 for the maintenance,operation and improvements 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 Seven Hundred Sixty Thousand ($1,760,000.00)
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
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 $1.031,
and therefore, levied at $1.031 per said One Hundred Dollars ($100.00) assessed
value of said property within said District
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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 pub-
lished in 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.
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PASSED AND ADOPTED at a duly held meeting of the Board of Directors of
the South Tahoe Public Utility District on August 25th, 1977, by the following vote:
AYES, Directors:
NOES, Directors:
ABSENT, Directors:
Hegarty, Kashuba, and Cocking
None
Fesler, and Fieldcamp
Edward Hegartl}, Pre"~idexfF0f t~ 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. 2070 , 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-o~ff4.CiO
Secretary of the Board
SOUTH TAHOE PUBLIC UTILITY DISTRICT
-3-
.AFFIDAVIT OF POSTING
ORDINANCE NO. 270
STATE OF CALIFO~.q~IA
CO~ OF EL DORADO
)
) ss
)
CHESTER A. HO~Ni%JG, being first duly sworn,
deposes and says:
That for and on behalf of the Clerk and Ex-
Officio Secretary of the SC~I~I TAHOE PUBLIC UTILITY DISTRICT
affiant posted copies of ORDINANCE NO. 270, 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, California
Bijou Post Office Station
South Lake Tahoe, California
Tahoe Valley Post Office Station
South Lake Tahoe, California
That said posting was completed on the
Au9ust
29~h
day of , 1977.
Chester
Subscribed and sworn to before me
t2~is 29th day of August ,1977.
~ y~Z0 ' in a//d for the County 0~'~
E1 Dorado, State of California.
My cc~mission expires 11/19/78.
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My Commission £
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