Ordinance No. 386 - Retired1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
ORDINANCE_
AN ORDINANCE OF THE SOUTH TAHOE PUBLIC UTILITY DISTRICT
STATING THE PURPOSE FOR WHICH TAXES ARE NECESSARY, FIXING THE
A~OUNT OF MONEY NECESSARY TO BE RAISED BY TAXATION, FIXING THE
RATE OF TAXES 1986 - 87 FISCAL YEAR
BE IT ENACTED by the BOARD OF DIRECTORS of the SOUTH TAHOE
PUBLIC UTILITY DISTRICT, County of E1 Dorado, State of Calif-
ornia, as follows:
1) It is hereby determined that revenues of South Tahoe
Public Utility District during the fiscal year 1986-87 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 1986-1987-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 1986-1987 for the payment of said annual
interest on said bonded debt incurred ddring 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 TWO HUNDRED
one thousand dollars, ($201,000) 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
- 1 -
1
2
3
4
5
6
7
8
9
10
!1
12
13
14
15
16
17
18
19
2O
21
22
23
24
25
26
27
28
ORDINANCE NO. 386
PAGE - 2
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 $0.0111 and, therefore
levied at $0.0111 per said one-hundred dollars ($100.00) assessed
v~lue of said property within the District.
3) It is hereby determined that revenues of South Tahoe
Public Utility District during the fiscal year 1986-19897 are
inadequate to pay the principal or interest on the bonded debt
of said Disstrict 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
1986-1987 and to provide for sinking payments of the next
succeeding fiscal year.
4) The amount of money, necessary to be raised by taxation
during the fiscal year 1986-1987 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 the E1 Dorado County Assessor and returned to the
Board of Supervisors of said County by the Auditor of said County
- 2 -
1
3
4
5
6
7
8
9
I0
I1
12
13
14
15
16
17
18
19
2O
21
22
23
24
25
97
ORDINANCE NO. 386
PAGE - 3
is hereby fixed by the Board of Directors of said District at
$0.0007 and, therefore, levied at $0.0007 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 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, thi~
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 Utilityb District on the
21st day of August, 1986 by the following vote:
AYES: Directors Wynn, Mason, Jones, Madden, Olson
NOES: None
ABSENT: None
Jo Board
UTILITY
SO--DISTRICT
ATTEST:~ SOUTH TAHOE PUBLIC UTILITY DISTRICT
- 3-
AFFIDAVIT OF POSTING
State of California )
)ss
County of E1 Dorado )
and says:
, being first duly 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. 385 and No. 386 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) Ai~ TahOe iPos% Office iStation (Main Post Office)
South Lake Tahoe, CA
(3) Tahoe Valley Post Office Station ("Y" area)
South Lake Tahoe, CA
That said posting was completed on the
August , 1986.
25th day of
Subscribed and sworn
to me this ~
day of ~Jx~/~ ,
198&. -
Notary Public }n ~ndVfor the
State of California, County of
E1 Dorado.
My commission expires: ///'~/'/,:~/~