HomeMy WebLinkAboutResolution No. 6830RESOLUTION NO. 6830
A RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF AZUSA CONCERNING TRANSFERS FROM
THE ELECTRIC UTILITY DEPARTMENT TO THE
AZUSA GENERAL FUND.
The City Council of the City of Azusa does resolve
as follows:
SECTION 1. The City Council hereby resolves that the
Electric Utility Department of the City of Azusa will make payments of funds
to the General Fund of the City of Azusa in an amount equal to 10% of Gross
Revenues of the Electric Utility Department less revenues obtained through
the fuel adjustment clause. Such Gross Revenues will be determined as of
June 30th of each year. In recognition that the Electric Utility Department
includes in its billings to its customers a fuel adjustment charge which is
equal to the fuel adjustment charge paid by the Electric Utility Department
for wholesale power supply, the gross revenues shall not be deemed to include
revenues obtained through the fuel adjustment charge.
SECTION 2. The.Deputy City Clerk shall certify to the
adoption of this resolution.
ADOPTED AND APPROVED this 6th day of August, 1979.
C . .. ayor.
-�r
I, CONSTANCE LARA, Deputy City Clerk, of the City of Azusa
do hereby certify that the foregoing Resolution was duly adopted by the City
Council of the City of Azusa 'ata regular'meeti'ng 'thereof, held on the 6th day
of August, 1979, by the following vote of,the Council: '
AYES: COUNCILMEN: Decker, Fry, Cruz, Moses, Solem
NOES: COUNCILMEN: None
ABSENT: COUNCILMEN: None