HomeMy WebLinkAboutResolution No. UB- 08-C012U
RESOLUTION NO. 08-C 12
n
L ---j
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF AZUSA,
CALIFORNIA, AMENDING THE FISCAL YEAR 2007-2008 OPERATING
BUDGET FOR THE ELECTRIC UTILITY TO PAY FOR COST OF
SETTLEMENT WITH CALIFORNIA PARTIES.
WHEREAS, the adopted Fiscal Year 2007-2008 Operating Budget for the Electric Utility
included $33 million to pay for purchased power cost; and
WHEREAS, the City has been in negotiation with .California Parties in the past eighteen
months to resolve 2000-2001 California energy crisis related issues; and
WHEREAS, a settlement agreement has been reached and will be executed shortly; and
WHEREAS, Azusa Municipal Code Section 2-450 requires that all budget amendments
between $100,000 and $1 million be approved by resolution; and
WHEREAS, the cash consideration under the settlement agreement is a payment of $560,000
to the California Parties within five days of the execution of the settlement agreement.
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF AZUSA, DOES HEREBY
RESOLVE AS FOLLOWS:
SECTION 1. That the Electric Utility Fiscal Year 2007-2008 Operating Budget is hereby
amended in the amount of $560,000 to pay for cost of settlement with
California Parties, budget expense account number 33-40-775-550-6590.
SECTION 4. The City Clerk shall certify to the adoption of this Resolution.
PASSED, APPROVED AND ADOPTED THIS 25th day of February, 2008.
/�.J
/Joseph R. Rocha, Mayor
ATTEST:
�
iiii r
Mendoza,Vera
STATE OF CALIFORNIA )
COUNTY OF LOS ANGELES ) ss.
CITY OF AZUSA )
I HEREBY CERTIFY that the foregoing Resolution No. 08-C 12, was duly adopted by the
Utility Board/City Council of the City of Azusa at a regular meeting of the Azusa Light & Water
Utility Board on the 25th day of February, 2008.
AYES: COUNCILMEMBERS: GONZALES, CARRILLO, MACIAS, ROCHA
NOES: COUNCILMEMBERS: NONE
ABSENT: COUNCILMEMBERS: HANKS
Mendoza,Vera rk