HomeMy WebLinkAboutReso 1977-8568RESOLUTION N0. 8568
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CHULA
VISTA APPROVING THE ACTION OF THE SOUTH BAY IRRIGATION
DISTRICT TO PLACE A BOND ISSUE IN THE SUM OF $22,500,000
ON THE MAY 31, 1977 ELECTION BALLOT FOR THE ACQUISITION
OF THE CALIFORNIA-AMERICAN WATER COMPANY
The City Council of the City of Chula Vista does hereby
resolve as follows:
WHEREAS, California-American Water Company can only fur-
nish twenty percent (20~) of the water used in this area, and
WHEREAS, Hoover Dam and Parker Dam were constructed with
public funds and resulted in Colorado River water being available
to Southern California Coastal area, and
WHEREAS, the State Water Project has made water available
to San Diego County from northern California by constructing with
public funds the necessary facilities to transport the northern
water to the south, and
WHEREAS, the r4etropolitan Water District of Southern
California, of which San Diego County is a member, has constructed
with public funds the necessary pumping station, aqueducts, filtra-
tion plants and reservoirs to receive both the Colorado River water
and northern California water, and
WHEREAS, the San Diego County Water Authority has con-
structed with public funds the necessary pipe lines to bring this
water to the various regions within the County, including Chula
Vista, and
WHEREAS, the South Bay Irrigation District was formed in
1952 as a public agency to receive this public water, and
WHEREAS, the City of Chula Vista assigned its entitlement
of the public water to the South Bay Irrigation District, and
WHEREAS, the South Bay Irrigation District in 1968 filed
suit to complete the public owned water system by acquiring the
privately owned distribution system and the court has approved of
this acquisition, and
WHEREAS, the South Bay Irrigation District has directed
that payment for the company shall be from revenues from the sale
of water and not from taxes, and
WHEREAS, after the revenue bonds are paid off, the Irriga-
tion District says a major reduction in water rates can take place.
NOW, THEREFORE, BE IT RESOLVED that the City Council of
the City of Chula Vista is in full accord with the action of the South
Bay Irrigation District to place on the ballot at the May 31, 1977
election a proposal to issue $22,500,000 in revenue bonds to provide
funds to pay the court approved purchase price plus the necessary
working capital.
Presented and Approved as to form by
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George ~ Lindberg, City Attctirney
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ADOPTED AND APPROVED BY THE CITY COUNCIL OF THE CITY OF
CHULA VISTA, CALIFORNIA, this 5th day of-- April
197 ~ by the following vote, to-wit:
AYES Councilmen Hyde, Cox, Scott, Egdahl, Hobel
NAYES~ Councilmen None
ABSTAIN: Councilmen None
ABSENT: Councilmen None
ATTEST
City Clerk
STATE OF CALIFORNIA )
COUNTY OF SAN DIEGO ) s s .
CITY OF CHULA VISTA )
Mayor of the City of
Vista
I, JENNIE M. FULASZ, CMC, CITY CLERK of the City of Chula Vista, California,
DO HEREBY CERTIFY that the above and foregoing is a full, true and correct copy of
DATE D
(seal)
,and that the same has not been amended or repealed.
City Clerk
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