Ordinance No. 398 - Retired1
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ORDINANCE NO. 398
A~ ORDIN~CE 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 1987-88 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 1987-88 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 tansferred 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 1987-88-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 1987-88 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
Ten Thousand Dollars, ($110,000) 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
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Ordinance No. 398
Page Two
County by the Auditor of said County is hereby fixed by the Board
of Directors of said District at $0.0064 and, therefore, levied
at $0.0064 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 1987-88 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 pur-
poses to pay the annual interest on said bonds, to pay such part
of the principal as will fall due in the fiscal year 1987-88 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 1987-88 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) 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 Supervisor~
of said County by the Auditor of said County is hereby fixed by
the Board of Directors of said District at $0.0007 and,therefore,
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Ordinance No. 398
Page Three
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) 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
2nd
Directors of the South Tahoe Public Utility District on
day of July, 1987 , by the following vote'
AYES: Director Wynn, Olson, Madden, Jones
NOES: None
ABSENT: Director Mason
ATTEST:
PAT A. MAMATH,~ CLERK OF BOARD
SOUTH TAHOE PUBLIC UTILITY DISTRICT
!1
SOUTH TAHOE PUBLIC UTILITY DISTRICT
Sewer .1950 .W.ter A PUBUC AGENCY
Phone (916) 544-6474
CHAIRMAN
JOHN WYNN
P.O. Box AU South Lake Tahoe, California 95705
1275 Meadow Cre st Drive
DIRECTORS
ROBERT MASON
JAMES R. JONES
MICKEY MADDEN
WALTER "NEAL" OLSON
July 7, 1987
E1 Dorado County Auditor
E1 Dorado County Treasurer
330 Fair Lane
Placerville, CA 95667
Subject: 1987-88 Tax Roll
To Whom It May Concern:
I have enclosed our Ordinance No. 398 and 399 (one set for each
office) for inclusion in the E1 Dorado County 1987-88 Tax Roll.
If you have any questions regarding these Ordinances, please
contact our Finance Officer, Barrie Fischer.
Sincerely,
Pat A. Mamath
Clerk of Board
Enclosures
cc: B. Fischer
AFFIDAVIT OF POSTING
State of California )
)ss
County of E1 Dorado )
· I, Patrick Dolan , 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. 398 and 399 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) A1 TahOe Post Office Station (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
day of
Subscribed and sworn
to me this 6th
day of July ,
1987.
Notary Public i~ and for the
State of California, County of
E1 Dorado.
My commission expires: 1/14/89
SOUTH TAHOE PUBLIC UTILITY DISTRICT
Sewer .1950 ,Water
CHAIRMAN
JOHN WYNN
P.O. Box AU South Lake Tahoe, California 95705
1275 Meadow Cre st Ddve
A PUBUC AGENCY
Phone (916) 544-6474
DIRECTORS
ROBERT MASON
JAMES R. JONES
MICKEY MADDEN
WALTER "N EAL" OLSON
July 3, 1987
Tahoe Daily Tribune
P.O. Box 1358
So. Lake Tahoe, CA
95705
Attention: Legal Notice Department
Enclosed is Ordinance No. 398 and 399.
Please publish this Ordinance/these Ordinances in the Legal Notice
Section of your newspaper on the following date:
July 10, 1987 - Friday
Also, please send me two copies of AFFIDAVIT OF PUBLICATION for
each Ordinance listed above.
Thank you.
Pat A. Mamath
Clerk of Board
Enclosure(s)
AFFIDAVIT OF POSTING
State of California )
)ss
County of E1 Dorado )
I, Patrick Dolan , 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. 397 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) A1 Tahoe iPost Office Station (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 c~ day of
~t~~ , 198~
Subscribed and sworn
to me this ~$/,~
day of ~a~ ,
198 ~l. ~
Notary Public in ano or the
State of California, County of
E1 Dorado.
My commission expires: