Ordinance No. 340 - RetiredORDINANCE NO.
340
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
THE RATE OF TAXES 1982-83 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 1982-1983 are in-
adequate 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 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 1982-1983 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 1982-1983 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
Ninety Thousand Dollars, ($190,000) 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 $0.0150 and therefore levied at
$0.0150 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 1982-1983 are in-
adequate 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 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 1982-1983 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 1982-1983 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
ORD 34.0 Page -2-
as will fall due during said fiscal year, and to provide for the
sinking fund payment of the next succeeding fiscal year is Thirteen
Thousand Dollars ($13,000.00) 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 $0.0011 and, therefore, levied at
$0.0011 per said one hundred dollars ($100.00) assessed value of
said property within said District.
(5) 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 news-
paper of general circulation, printed and published in the said
District, one (1) time.
(6) 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 the 12th
day of AUGUST 1982, by the following vote:
AYES:
Directors Jones, Olson, Kashuba, Madden, Wynn
NOES: Directors: None
Directors:
ABSENT: Np~e-
james R. Jones, P~sident
S?/%h TahOe Public Utility District
ATTEST:
/~ '~.l~m-b~ Clerk of Board 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. 340 duly and regularly adopted by the Board of Directors of
South Tahoe Public Utility District, held on the 12th day of August 1982,
by the following vote:
AYES: DIRECTORS Jones, Olson, Kashuba, Madden, Wynn
NOES: NONE //,~,:~ /~) ~ ~
ABSENT: NONE / ..... ,~ ~ / /" ~/~
~' a~~//A~bfose? Clerk-of BoarG
SOUTH ~AHOE PUBLIC UTILITY DISTRICT
AFFIDAVIT OF POSTING
ORDINANCE NO. 340
STATE OF CALIFORNIA
COUNTY OF EL DORADO
)
)ss
)
I, Bob E. Eppler, 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. 340 in form attached
hereto and by reference made a part hereof, in three public
places in the District, as follows:
1. City Of South/Lake Tahoe
Administration Bldg.
South Lake Tahoe, Ca.
2. Bijou Post Office Station
South Lake Tahoe, California
3. Tahoe Valley Post Office Station
South Lake Tahoe, California
That said posting was completed on the
day o f ~~_/~. ,~2/
. Eppler Y/ ~:-
Subscribed and sworn to before me this
Z~ day of~~~/ ,~
~6t~r~~P' ic in and for the:...Cofifity o
E1 Dora~, State of California.
My Commission Expires 11/19/~2.
SOUTH TAHOE PUBLIC UTILITY DISTRICT
PRESIDENT
JAMES R. JONES
Sewer. 1950. Water
P.O. Box AU South Lake Tahoe. California 95705
1275 Meadow Crest Drive
A PUBLIC AGENCY
Phone (916) 544-6474
DIRECTORS
WALTER "NEAL" OLSON
LORRENE KASHUBA
MICKEY MADDEN
JOHN WYNN
August 13, 1982
Tahoe Daily Tribune
PO BOX 1358
So. Lake Tahoe, CA 95705
Attention: DONNA
Gentlemen:
Please publish the attached ORDINANCE NO. 340 AND
ORDINANCE NO. 341 anytime during the week of August
23-27, 1982.
Also please send copies of Affidavit of Publication
for each Ordinance.
Thank you.
Very truly yours,
SOUTH TAHOE PUBLIC UTILITY DISTRICT
Clerk of Board
mda
Attachments: Ord. No. 340
Ord. No. 341