Ordinance No. 407 - Retired 1
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ORDINANCE NO. 407
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 1988-89 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:
l) It is hereby determined that revenues of South
Tahoe Public Utility District during the fiscal year 1988-89 are
inadequate to pay the principal o2 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 1988-1989 and to provide £or sinking
fund payments of the next 'succeeding fiscal year.
2) The amount of money necessary to be raised by
taxation during the fiscal year 1988-1989 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 FIFTEEN THOUSAND DOLLARS ($115,000) 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
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ORDINANCE NO. 407
PAGE - 2
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
$0.0064 :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 1988-1989 ~
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 dae in the fiscal year 1988-89
and to provide for sinking fund payments of the next succeeding
fiscal year.
4) The amount of money necessary to.be raised by tax-
ation during the fiscal year 1988-1989 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'NINETHOURSAND:DOLLARS ($9,~000.00) and the rate of tax-
ation for said purpose based on the number of cents upon each one
hundred dollars ($100.000),value of property assessed by the
E1 Dorado County Assessor and returned to the Board of Supervisors
ORDINANCE NO. 407
PAGE- 3
of said County by the Auditor of said County is hereby fixed by
the Board of Directors of said District at $0.0006 and, therefore,
levied at $0.0006 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 news-
paper of general circulation, printed and published in the said
District, one (1) time.
6) A certified copy of this ORDINANCE shall be trans-
mitted 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
[8 of Directors of the South Tahoe Public Utility District on the
19 7th day of July, 1988 by the following vote:
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AYES: Director Mason, Olson, Walker, Sinclair, Jones
NOES: None
ABSENT: None
ROBERT MASON, CHAIRMAN OF BOARD
SOUTH TAHOE PUBLIC UTILITY DISTRICT
ATTEST'p~T A. MAMATH, CLERK OF ~OARD
SOUTH TAHOE PUBLIC UTILITY DISTRICT
CHAIRMAN
SOUTH TAHOE PUBLIC UTILITY DISTRICT JOHN WYN N
~ewer .1950 .Water
P.O. Box AU South Lake Tahoe, California 95705
1275 Meadow Cre st Drive
A PUBLIC AGENCY
Phone (916) 544-6474
DIRECTORS
ROBERT MASON
JAMES R. JONES
MICKEY MADDEN
WALTER "NEAL" OLSON
July 8, 1988
Tahoe Daily Tribune
P.O. Box 1358
So. Lake Tahoe, CA 95705
Attention: Legal Notice Department
Enclosed is Ordinance No. 406 and 407.
Please publish this Ordinance/these Ordinances in the Legal Notice
Section of your newspaper on the following date:
July 14, 1988 - Thursday
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
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. 406 and 407 in form attached
hereto and by reference made a part hereof, in three (3)
public places in the District as follows:
(1)
(2)
(3)
City of South Lake Tahoe
Administration Building
South Lake Tahoe, CA
A1 Tahoe Post Office Station (Main Post Office)
South Lake Tahoe, CA
Tahoe Valley Post Office Station ("Y" area)
South Lake Tahoe, CA
That said posting was completed on the
, 198
day of
Subscribed and sworn
to me thi~
day ~>f l~ ~ ' ' ,
Notary Public ~n(and for tho
State of California, County of
E1 Dorado.
My commission expires:
AFFI DAVIT OF PUBLICATION
'88 ,JilL 18 P
~TPU~
South Tahoe PUD
Post Office Box AU
South L~ke Tahoer CA 95705
STATE OF CALIFORNIA
County of El Dorado
I am a citizen of the United States and a resident of the
Couniy foresaid: I am over the age of eighteen years, and
not a part to or interested in the above entitled matter. I am
'~e principal clerk of the printer of The Tahoe Daily Tribune -
hoe Sierra Tribune a newspaper of general circulation,
~-wrinted and published daily in the City of South Lake Tahoe,
County of El Dorado, and which newspaper has been ad-
judged a newspaper of general circulation by the Superior
Court of the County of El Dorado, State of California, under
the date of March 6, 1970 Case Number 18569, that the
notice of which the annexed is a printed copy (set in type not
smaller than nonpareil), has been published in each regular
and entire issue of said newspaper and not in any supplement
thereof on the following dates, to wit:
July 14
all in the year 19 88
I certify (or declare) under penalty that the foregoing is true
and correct·
/
F)ateda~o Lake Tahoe /
,_alifornia this date of ~ 19--~/
Affidavit of Publication of
Ord 407
SOUTH TAHOE
TY DISTRICT
PURPOSE FOR
ARE NECESSARY.
· AMOUNT OF
SARY TO
A~C~, ~iX~i~ THE
BElT ENACTE[
TAHOE PUBUC
TRICT~ Cowm/
' S~e Of C. al~forn~
I) It IS hereby
· revenues of ~outh
year 19~-89
of r~lus ~'ni~s
fo~ ch, public
~ of ~ of
of ~ DitHer,
· e ~k ~lity
~s to p~y ~
~d ~ m ~y
ye~ 1988-1~9
for Qnkinl
2) ~ ~
on ~
~ ~ yem~
R~ y~r m~ for
O~U~ED
THO~ND
($115,~) ~ ~ race of ~
t~n for ~ ~on~
~m~r of cenu
m d~e Board
County by ~
County Is hereby fixed by the Publk Utaty Dtm'lct on d~e 7th
Boa~rd of Directors of said District d~y of July, 14i88 by the fcdlowlnI
at $0.0064 and, therefore, levied vote:' : .
at $0~,00641a~'~ ~ A ~$~ -~~
{$
pay~
To256