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Ordinance No. 355 - RetiredORDINANCE NO. 355 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 1983'84 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 1983-84 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 pruposes to pay the annual interest on said bonds to pay such part of the principal as will fall due in the fiscal year 1983-1984 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 1983-1984 for the payment of said annual interest on said bonded debt incurred during the years 1959-1960 for said fiscal year and for thepayment of such part of the principal as will fall due during said fiscal year is ONE-HUNDRED NINETY FOUR THOUSAND DOLLARS, ($194,000) 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~.'01~50 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 1983-1984 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 pruposes to pay the annual interest on said bonds, to pay such part of the principal as will fall due in the fiscal year 1983-1984 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 1983-1984 for the payment of said annual interest on said bonded debt incurred during the years 1~951-1952 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 THIRTEEN THOUSAND DOLALRS ($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 --1-- ORDINANCE NO. 355 Page -2- 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) days period, this ORDINANCE SHALL BE published in the TAHOE DAILY TRIBUNE, a newspaper 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 4th day of AUGUST 1983,by the following vote: AYES: DIRECTORS JONES, OLSON, WYNN, MADDEN AND LOWE NOES: NONE ABSENT: NONE ~  Q~TH TAHOE PUBL~UTILITY DISTRICT ATTEST: /~ .> SOUTH T~oE PUBLIC UTILITY DISTRICT I hereby certify that the foregoing is a full, true and correct copy of ORDINANCE NO. 355 DULY and REGULARLY adopted by the BOARD OF DIRECTORS of the SOUTH TAHOE PUBLIC UTILITY DISTRICT, held on the 4th day of AUGUST 1983. ? M~RY D.//~MBR~OSE~ CLERK OF~B0~RD ~ SOUTH TAHOE PUBLIC UTILITY DISTRICT AFFIDAVIT OF POSTING ORDINANCE NO. 355 STATE OF CALIFORNIA EL DORADO COUNTY ) )ss ) 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. 355 , 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 Building South Lake Tahoe, Ca. 2.Bijou Post Office Station South Lake Tahoe, Ca. 3. Tahoe Valley Post Office Station South Lake Tahoe, Ca. That said posting was completed on the day of BOB E. EPPLEPV'~' Subscribed and sworn to before me this ~~ day of~,~ Notary ~o~i~ in and for the County ~f 'El Dorado, State of California. My commission expires 11/25/86 . SOUTH TAHOE PUBLIC UTILITY DISTRICT PRESIDENT JAMES R. JONES Sewer. 1950. Weter 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 5, 1983 Tahoe Daily Tribune PO BOX 1358 South Lake Tahoe, CA 95705 ATTN: Donna Gentlemen: /t''~'~-- ~c~;:d ~leeaw~euldfirndeqCuOePsite[h~sfeO~INAr~CnEc~~dsheO~DoINnANt~Ee 17th of August 1983. Also, please send 2 copies of Affidavit of Publication for each Ordinance published. Thank you. Very truly yours, SOUTH TAHOE PUBLIC UTILITY DISTRICT Mary .D. Ambrose Clerk of Board/District Secretary mda Encl. (2)