HomeMy WebLinkAboutResolution No. 5722RESOLUTION N0. 5722
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
AZUSA EXPRESSING INTENTION TO INCREASE ITS CITY
PROPERTY TAX RATE TO COMPENSATE FOR ANY TAX LEVIED
ON ITS MUNICIPALLY -OWNED ELECTRIC UTILITY BY STATE
LEGISLATION.
The City Council of the City of Azusa does
resolve as follows:
WHEREAS, there have been introduced in
the Assembly and Senate of the State of California
certain bills designed to impose a tax upon municip-
ally -owned electric utilities; and
WHEREAS, the City of Azusa derives a
substantial amount of its annual revenue from the
operations of its own electric utility; and
WHEREAS, the City Council of the City of
Azusa deems said proposed legislation to be unfair,
unwise, and unreasonably discriminatory towards
municipally -owned electric utilities; and
WHEREAS, in the event such legislation is
enacted and a tax imposed upon the municipally -owned
electric utility in the City of Azusa there would
be a substantial decrease in the return therefrom
necessitating a compensating increase in revenue
from other sources;
BE IT RESOLVED, that in the event any
State legislation is enacted imposing a tax appli-
cable to the municipally -owned electric utility of
the City of Azusa, it is the intention of the City
Council of the City of Azusa to increase the City
property tax rate in an amount sufficient to compen-
sate for any loss of revenue engendered,by such
tax.
The City Clerk shall certify to the adoption
of this Resolution.
Adopted and approved this 4th day of
May , 1970.
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I hereby certify that the foregoing Resolution
was duly adopted by the City Council of the City of
Azusa at a regular meeting thereof held on the 4th
day of May 1970, by the following vow of
the Counc
AYES: Councilmen Rubio, Decker, Snyder, Clark, Solem
NOES: Councilmen None
ABSENT: Councilmen None
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