HomeMy WebLinkAboutResolution No. 93-C0860 0
RESOLUTION NO. 93-C86
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
AZUSA FIXING AND ESTABLISHING THE RATES TO BE
CHARGED FOR WATER PROVIDED TO CUSTOMERS OF
THE AZUSA VALLEY WATER COMPANY BY THE CITY OF
AZUSA
WHEREAS, the City of Azusa, through its joint power authority, the
Azusa Public Financing Authority (the "Authority"), issued its 1993 Series A Revenue
Bonds, the proceeds of which are, among other things, to be used to acquire the right
to operate the water system of the Azusa Valley Water Company; and
WHEREAS, the City of Azusa, Azusa Public Financing Authority and the
Azusa Public Improvement Corporation entered into and executed the "Operating and
Assignment Agreement", dated June 1, 1993; and
WHEREAS, the Operating Agreement provides that the Authority shall
assign such rights to operate the water system and to receive the revenues therefrom
to the City in return for Operating Payments, which Operating Payments will be
calculated to be sufficient to pay the principal of and interest on the Bonds as the
same shall become due; and
WHEREAS, the City proposes to operate such newly acquired water
system as a part of its existing municipal water system (together the "Enterprise");
Now, therefore, the City Council of the City of Azusa resolves as follows:
SECTION 1. Pursuant to Section 16.20.020 of the Azusa
Municipal Code, the City Council of the City of Azusa hereby adopts the water rates
and charges for the customers of Azusa Valley Water Company as set forth in Exhibit
"A", attached to this Resolution. Water rates for current customers of the City shall
remain as presently in effect.
SECTION 2. The City Council finds that pursuant to Section
15079.1 of the State CEQA Guidelines (14 Cal. Admin. Code Sec. 15079.1) that
CEQA is not applicable to the approval of the rates and charges set forth herein
because such rates and charges are for the purpose of:
(1) Meeting operation expenses, including employee wage rats and
fringe benefits and departmental operations;
(2) Purchasing or leasing of supplies, equipment or materials,
(3) Meeting financial reserve needs and requirements;
(4) Obtaining funds for capital projects necessary to maintain a service
within existing service areas.
SECTION 3. The City Clerk shall certify to the adoption of this
Resolution.
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Resolution No. 93-C86
Page 2
PASSED, APPROVED AND ADOPTED this 19th day of July, 1993.
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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 19th
day of July, 1993.
AYES: COUNCILMEMBERS: MADRZD, NARANJO, ALEXANDER, MOSES
NOES: COUNCILMEMBERS: NONE
ABSENT: COUNCILMEMBERS: DANGLEIS
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City CI
AMCRATE.RES