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HomeMy WebLinkAbout1990-10-11 - Resolution No. 90-38a 0 RESOLUTION NO. 90-38 RESOLUTION OF THE BOARD OF DIRECTORS OF THE YORBA LINDA WATER DISTRICT STATING COMMITMENT TO PLACE SPECIFIED SAVINGS FROM SEASONAL STORAGE SERVICE AND INTERRUPTIBLE SERVICE INTO A SPECIAL ACCOUNT WHEREAS, the Metropolitan Water District of Southern California and the Municipal Water District of Orange County have adopted water rates, effective July 1, 1990; and WHEREAS, the water rates for Seasonal Storage Service and for Interruptible Service include a provision for a reduction in the rate by five dollars per acre foot under the condition that the savings be placed into a special account to be used to store or conserve water; and WHEREAS, the State Legislative Analyst estimates the initial cost to California taxpayers at $3 billion while the state is currently facing a $3.6 billion deficit; and WHEREAS, this Yorba Linda Water District desires to participate in programs to store or conserve water under the conditions specified by the Metropolitan Water District and the Municipal Water District of Orange County. NOW, THEREFORE, BE IT RESOLVED that the Board of Directors of the Yorba Linda Water District hereby states its commitment to place the savings which may accrue, from the five dollar reduction in rate of Seasonal Storage Service and Interruptible Service, into a special account to be used for programs to store or conserve water that will be available to meet domestic and municipal demands. PASSED AND ADOPTED this 11th day of October, 1990 by the following called vote: AYES: Arthur C. Korn, M. Roy Knauft, Jr., Paul Armstrong, Sterling Fox NOES: 0 ABSENT: 0 ABSTAIN: 0 President, (SEAL) Yorba Linda Water District ATTE T Secretary, Yorba Linda Water District