HomeMy WebLinkAboutCC Reso No 1998-35RESOLUTION NO. 98- 35
A RESOLUTION OF THE CITY COUNCIL
OF THE CITY OF LAK~ ELSINORE, CALIFORNIA,
IN OPPOSITION TO THE
1998 ELECTRIC UTILITY PROPOSITION (LOCAL GOVERNMENT)
WHEREAS, the 1998 Electric Utility Proposition would dismantle California's new
competitive electricity mazket, eliminating customer choice and competitive electricity rates; and
WHEREAS, the State Legislative Analyst and Department of Finance haue determined that
the net impact of tlus proposition on local governments would be revenue reductions potentially in
the tens of millions of dollars annually through 2002-02; and
WHEREAS, the Proposition could create a$6 billion hole in the state budget, resulting in
significant reductions in funding to local government and critical services such as police and fire,
impairing community health and welfare, public safety and community quality of life; and
WHEREAS, the precedence set by disallowing payment on rate reduction bonds could
impair the ability of state and local govemments to secure low-cost financing for local infrastructure
bonds and other types of bonds; and
WHEREAS, the Proposition serves only to create mare bureaucracy and red tape and cost
California taxpayers billions of dollars in lawsuits; and
WHEREAS, passage of this measure could exacerbate the financial problems experienced
through unfunded state mandates; and
WHEREAS, this Proposition jeopardizes the state's economic recovery by creating
uncertainty for California-based companies, as well as those considering relocating to our state; and
WHEREAS, this Proposition is poorly written, misguided, flawed and costly, and will only
serve to eliminate customer choice and competitive electricity rates.
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Lake
Elsinore does hereby oppose the 1998 Electric Utility Proposition.
Resolution No. 98- 35
Proposition 9
Page 2
PASSED, APPROVED AND ADOPTED this 22nd day of September 1998, by the
following vote:
AYES: COLTNCILMEMBERS: KELLEY, PAPE
NOES: COLTNCILMEMBERS: ALONGI
ABSENT: COUNCILMEMBERS
ABSTAIN: COLTNCILMEMBERS:
AT' T:
-~~. ~
Vi~;ki ,*_,. Kassd, City Clerk
APPROVED AS TO FORM AND LEGALITY:
Ba a Leibold, rty Attorney
BRINLEY, METZE
STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE ) SS:
CITY OF LAKE ELSINORE )
I, VICKI KASAD, CITY CLERK OF THE CITY OF LAKE ELSINORE,
CALIFOI2NIA, DO HEREBY CERTIFY thnt the foregoing Resolution duly adopted by
the City Council of the City of Lake Elsinore at a Regular Meeting of said
Council on the 22nd day of September, 1998, and that it was so ndopted by the following
vote:
AYES: COUNCILMEMBERS:
NOES: COUNCILMEMBERS:
ABSENT: COUNCILMEMBERS:
ABSTAIN: COUNCILMEMBERS:
KELLEY,PAPE
ALONGI
BRINLEY, METZE
NONE
~ ~~~~
JtiCHI hA:iAli, ~LTY CLERK
LFTY QF LAKE ELSINORE
(~ iL+ AL)
STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE ) SS:
CITY OF LAKE ELSINORE)
I, VICKI KASAD, CITY CL~RIC OF THE CITY OF LAI{E ELSINOR~,
DO HEREBY CERTIFY that the above 7nd foregoing is 1 full, true and correct copy of
Resolution No. 98-35 of said Council, and that the same has not been amended or repealed.
DATE: September 23, 1998
,n
A M1 ~~
5'IE;HI ICASAD. CITY CLERK
C1;'4' OF Ti.AT_CE ELSINOR~
(SEAL j