HomeMy WebLinkAboutOrdinance No. 304 - RetiredORDINANCE NO. 304
AN ORDINANCE OF THE SOUTH TAHOE PUBLIC UTILITY
DISTRICT STATING THE PURPOSE FOR WtIICH TAXES ARE
NECESSARY, FIXING THE AMOUNT OF MONEY NECESSARY
TO BE RAISED BY TAXATION, FIXING OF RATE OF TAXES
1979-1980 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 1979-1980
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 pay-
ments 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 that said payments cannot be
met out of monies of the general fund of said District appropri-
ated or transferred to the sinking fund of the public utility
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 1979-1980 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 1979-1980 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 Eighty-Three Thousand Dollars ($183,000.00)
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 is hereby fixed by the Board of Directors of said
District at $0.08 and therefore levied at $0.08 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 1979-1980
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 pay-
ments 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 that said payments cannot be
met out of the 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 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 1979-1980 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 years 1979-1980 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 is hereby fixed by the Board of
Directors of said District at $0.006 and therefore levied at
$0.006 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) day 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 August 16, 1979, by the following vote:
AYES, Directors:
NOES, Directors:
ABSENT, Directors:
Olson, Cocking, Fieldcamp, Jones
None
Kashuba
~.~ ~alter Nea± O-lson ,- vice Fr
............. ~outh Tahoe Public Utility District
ATTEST:
{~-~J~. ~b~o'se, Clerk an v
Ex-Officio Secretary of the Board
South Tahoe Public Utility District
I hereby certify that the foregoing is a full, true
and correct copy of Ordinance No. 304 , duly and regularly
adopted by the Board of Directors of the South Tahoe Public
Utility District, E1 Dorado County, California.
Mary ~ · ~ , -
Secretary/~f the Board
South Tahoe Public Utility District
AFFIDAVIT OF POSTING
ORDINANCE NO. 304
STATE OF CALIFORNIA)
)ss
COUNTY OF EL DORADO)
CHESTER A. HORNING, being first duly sworn, deposes
and says:
That for and on behalf of the Clerk and ex-Officio
Secretary of the SOUTH TAHOE PUBLIC UTILITY DISTRICT affiant
posted copies of ORDINANCE NO. 304 , in form attached hereto
and by reference made a part hereof, in three public places
in the District, as follows:
1. City Administrative Buildings
3050 Lake Tahoe Boulevard
South Lake Tahoe, CAlfironia
2. Bijou Post Office Station
South Lake Tahoe, California
3. Tahoe Valley Post Office Station
South Lake Tahoe, California
day of
Subscribed and sworn
me this
That said posting was completed on the_~D-~m~
'~hester' A. Horning
to before
day of
, 1979.
h~ary;~blic in and for the County
of E1 YDorado, State of California.
My commission expires 11/19/82.