Ordinance No. 369 - RetiredORDINANCE NO. 369
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 1984-85 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 1984-85 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 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 there-
fore, 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 1984-1985 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 1984-1985 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 in ONE-HUNDRED NINETY SEVEN THOUSAND DOLLARS, ($197,000)
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 $0.0130 and, therefore, levied at $0.0130
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 1984-1985 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, 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 1984-
1985 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 1984-1985 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 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
Ordinance No. 369 - Page Two
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 $0.0008 and, therefore, levied
at $0.0008 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 15th day of July, 1984
by the following vote:
AYES: Directors Madden, Mason, Olson, Jones, Wynn
NOES: None
ABSENT: None
.MARY M. ~A~DEN, "PRESiDENT, BOARD OF DIRECTORS
SOUTH TAHOE PUBLIC UTILITY
PAT A. MA~.IATH, CLERK OF BOARD
SOUTH TAHOE PUBLIC UTILITY DISTRICT
I hereby certify that the foregoing Ordinance No. 369 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, Olson, Jones, Wynn
NOES: None
ABSENT: None
PAT A. MAMATH, CLERK OF BOARD AND EX OFFICIO
SECRETARY OF THE SOUTH TAHOE PUBLIC UTILITY
DISTIRCT
AFFIDAVIT' OF P. OSTING
State of 'California )
)ss
County of E1 Dorado
I, Rick Hydrick
and says:
, being first duiy sworn, deposes
That for and on behalf of the Clerk of Board of the SOUTH
TAHOE PUBLIC UTILITY DISTRICT, affiant posted copies of
Ordinance No. 368 and Ordinance No. 369 in form attached
hereto and by reference made a part hereof, in three (3)'
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 20th
July , 1984.
day of
Subscribed and sworn
to me this 23rd
day of July ,
198 4.
Notary Public in and for the
State of California, County of
E1 Dorado.
My commission expires: 1/14/85
AFFIDAVIT OF P'OSTING
State of California )
)ss
County of E1 Dorado )
I, Rick Hydrick , being first duly sworn, deposes
and says:
That for and on behalf of the Clerk of Board of the SOUTH
TAHOE PUBLIC UTILITY DISTRICT, affiant posted copies of
Ordinance No. 368 and Ordinance No. 369 in form attached
hereto and by reference made a part hereof, in three (3)
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
July , 1984.
20th day of
Subscribed and sworn
to me this 23rd
day of July ,
198 ·
Notary Public'~in and for the
State of California, County of
E1 Dorado.
My commission expires: 1/14/85