Ordinance No. 368 - RetiredORDINANCE NO. 368
AN ORDLNkNCE OF THE SOUTH TAHOE PUBLIC UTILITY DISTRICT FOR
IMPROV~4ENT DISTRICT NO. U-1 OF T}~. SOU%/{ TAHOE PUBLIC
UTLLITY DISTRICT ESTIMATING ~E MINI~3M ;~40~Ff OF MfL~Y TO
BE RAISED BY TAXATICN FOR SAID DIS~%qICT AND FIXING OF RATES
OF TAXES 1984 - 1985 FISCAL
BE IT ~ by the BOARD OF DIR~2TORS Of the SOUTH TAHOE PUBLIC
urirrT.~, DISTRICT, Co~ty of E1 Dorado, State of California as follows:
(1) It is hereby determined that revenues of Imp~t District
No. U-l,. South Tahoe Public Utility District during, the fiscal year 1984-.
1985 are inadequate to pay the principal and interest cn the 'bonded
of said Impr0Ven~nt District incurred in the years 1967-1968 during said
fiscal year aD~ principal and interest that will become due before the proceeds
of the next general tax levy will be available cannot be n~t out of the
revenues for said year for said Imp~t District, and, therefore, ta;~s
shall be caused to be levied for such purposes to pay the annual principal
and interest as will fall due in the fiscal year 1984-1985 and to pay the
principal and interest that will beccn~ due before the proceeds of the next
tax levy will be available.
(2) The estimated mininun amo%a%t of rxx~=y required to be raised by
taxatic~ during the fiscal year 1984-1985 for the payment of said annual
interest on said bonded a~ht incurred during the years 1967-1968 and for
payment of such part of the princi.pal and interest as will fall due during
said fiscal year and to pay the principal and interest that will beccme due
before the proceeds of the next general tax levy will be avai]eble is
HUNDRED FORTY-FIVE T~)USAND DOT.TARS ($245,000). There is no ~mount of mcney
required by said Imp~t District to be raised by taxation during tb~
fiscal year for all other puzposes of said District.
(3) ~he rate of taxation is hereby fixed by the Board of Directors
of said District for said Imp~nt District No. U-1 at the rate of $0.0662
per one-h%ndr~d dollars ($100.00) of assessed value of said property within
said Improvemm~t District. It is, therefore, directed that at the ~ and in
the manner required by law for levying ta~s for E1 Dorado Co~ty, the Board
of Supervisors, EI Dorado Co~ty shall levy, in addition to any other taxes
it levies, a tax upon all of the property in Imp~t District No. U-1 of
the South Tahoe Public utility District at the rate of $0.0662 per c~e
hundred dollars ($100,00) of assessed value of said property within said
Imp~t District. Ail of the property within said District is benefited
by said bcnded debt.
(4) ~his ORDINANCE shall take effect thirty (30) days after its
passage. At lease one (1) week before the expiration of said thirty (30) day
period, copies of said ORDINANCE shall be posted by c~RRK of the SOUI~ TA~0E
PUnL?C UT~.ITY DISTkIC~ at three'- (3) public places within said District, and
at lease c~e .(1) w~ek before the expiration of said thirty (30) days period,
this ORDINANCE shall be published in the TAHOE D~7.Y TRIBUNE, a newspaper of
general cixculaticn, printed and published in said District one (1) time.
OrdinanceNo. 368 - Page Two
PASSED AND ADOPTED at a duly held meeting of the Board of Directors of
the South Tahoe Public Utility District on the 19th day of July, 1984 by the
following vote:
AYES: Directors Madden, Mason, Jones, Olson, Wynn
NOES: None
ABSENT: None
MAter M. MAVEN, PRESIDENT, BOARD OF DIREC'IORS
SOUTH TAHOE PUBLIC UTILITY DISTRIC~
PAT A. MAMATH, CLERK~OF BOARD
SOUTH TAHOE PUBLIC UTILITY DISTRICT
I hereby certify that the foregoing Ordinance No. 368 was adopted at a
regular meeting of the Board of Directors of the South Tahoe Public Utility District
held on the 19th day of July, 1984, by the following vote:
AYES: Directors Madden, Mason, Jones, Olson, Wynn
NOES: None
None
PAT A. MAMATH, CLERK OF BOARD AND EX O~'~'±CIO
SECRETARY OF THE SOUTH TAHOE PUBLIC UTILITY
DISTRICT