Resolution 2807-06
\.
~
~
1
2
3
4
RESOLUTION NO. 2807-06
A RESOLUTION DETERMINING SURPLUS FUNDS AND
DISPOSITION OF SURPLUS AMOUNT FOR
SOUTH TAHOE PUBLIC UTILITY DISTRICT
ASSESSMENT DISTRICT NO. 90-1
5
WHEREAS, with Resolution No. 2517, the Board of Directors of the South Tahoe
Public Utility District (the "Agency") adopted its Resolution of Intention, to order the
7 acquisition and improvement proceedings of the Assessment District No. 90-1 (the
8 "District"), within the South Tahoe Public Utility District, California, under the provisions
9 of the Municipal Improvement Act of 1913.
10 WHEREAS, by its Bond Indenture, adopted by the Board of Directors on July 16,
1990, the Agency authorized the issuance of improvement bonds under the provisions
of the Improvement Bond Act of 1915 to represent unpaid assessments in the amount
6
11
12
of $809,766.00.
13
WHEREAS, the payment of all bonds and interest has been completed, and
remaining Fund balances of $191 ,222.42 exist as of January 31,2006.
NOW, THEREFORE, in accordance with Section 8784 of the Streets and
16 Highways Code of California, the Board of Directors of the South Tahoe Public Utility
17 District now declares the balance of the remaining Funds surplus, and orders the
18 disposition of the surplus to the District's Sewer Enterprise Fund according to said
19 Sections.
14
15
We, the undersigned, do hereby certify that the above and foregoing resolution
was duly and regularly adopted and passed by the Board of Directors of the South
22 Tahoe Public Utility District at a regular meeting duly held on the 6th day of April, 2006,
23 by the following vote:
AYES: Directors Wallace, Jones, Schafer, Comte, Mosbacher
NOES: None
ABSENT: None
20
21
24
25
26
27
28 ATTEST:
29 //
~O--J-I~ "- <;"Ao /l-r
30 Kathy Sharp, ~rk of the Boar
It
Eric W. Scha~ ,Bo rd President
South Tahoe Public Utility District