HomeMy WebLinkAbout1974-05-24 - Resolution No. 74-08'1
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RESOLUTION NO. 74-9
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RESOLUTION OF THE BOARD OF DIRECTORS OF THE
YORBA LINDA COUNTY WATER DISTRICT
WHEREAS, it is imperative that YORBA LINDA COUNTY
WATER DISTRICT receive high quality Northern California Water via
the State Water Project; and
WHEREAS, passage of Proposition "W" on the June 4 State
primary ballot would guarantee the construction of major transmission
lines to serve Orange County with State Project water; and
WHEREAS, revenue bond financing, made possible by the
passage of Proposition "W", would provide the opportunity for a more
equitable financing method of new water facilities; and
WHEREAS, the available studies indicate that property
taxes and water rates would be kept lower than would otherwise be
the case without the use of revenue bond financing:
NOT THEREFORE, BE IT RESOLVED that the Board of Directors
of the YORBA LINDA COUNTY WATER DISTRICT, by this resolution, go on
record in favor of Proposition "W" which will appear on the June 4,
1974 election ballot as an effective way for the Metropolitan Water
District of Southern California to provide sound long range financing
to complete construction of distribution lines and treatment plants
in order to aid in the better supply of high quality Northern
California water to the areas in Southern california served by the
Metropolitan Water District of Southern California.
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Said resolution was adopted on roll call by the
following votes:
AYES: Directors Hastings, Clodt, Lindow, Wagner
and Knauft
NOES: Directors
ABSENT: Directors
ATTEST: ~j
Secretary
President (f'
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