R 0650
RESOLUTION NO. 650
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF ARROYO GRANDE SUPPORTING THE ENACTMENT OF
A.B. 1218, PERTAINING TO THE PURCHASE OF
REVENUE PRODUCING FACILITIES BY LOCAL AGENCIES.
WHEREAS, there has been introduced in the curreat seSSlon of
the State Legislature A.B. 1218, which proposes to add Article 8 to
Chapter 5, Part 1, Division 2, Title 5, of the Government Code, and
such article would provide a means for any City or County or other
public corporation to acquire a revenue producing facility by means
of a contract of purchase under which the purchase price, together
with inter€st thereon, could be payable over a period of years,
solely from the income and revenue of the facilities so acquired,
and would further provide that the local agency could pledge as
security for the payment of the contract price all or any part, of
the income and revenues of the facilities acquired, and
WHEREAS, local agencies and particularly cities in this State
which own and operate public power utilities, when annexing areas
already served by private power companies, under existing law are
presented with a financial problem because there is no legal means
by which they can provide for the purchase of the existing facil-
ities over a period of years and must therefore pay cash for such
acqu,isition; the proposed bill, if enact,ed, will provide a solution
to this problem,
NOW, THEREFORE , BE IT RESOLVED by the City Council of the
C J.t:y of Arroyo Grande that the State Legislature be requested to
enact A.B. 1218 as a much needed benefit for local agencies.
BE IT FURTHER RESOLVED that the City of Arroyo Grande urges
the League of California Cities and local agencies throughout the
Stat,e of California to do all they can to encourage both Houses
of the State Legislature to pass A.B. 1218.
BE IT FURTHER RESOLVED that the City Clerk is hereby direct-
ed to send certified copies of this Resolution to Assemblywoman
Pauline Davis, State Senator Fred Marler, and Richard Carpenter,
Executive Director and General Counsel of the League of California
Citieso
On motion of Councilman McNeil, seconded by Councilman Burt,
and on the following roll call vote, to-wit:
AYES, Councilwoman Thompson, Councilmen Wood, McNeil,
Burt and Mayor Jacobs
NOES: None
ABSENT, None
the foreo::" ~,ng Resolution was day of April, 1965.
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A'rrEST'~ 4~~/
Cit~
I, POLLY S. MILLER, City Clerk of the City of Arroyo Gran/ie,
County of San Luis Obispo, State of California, do hereby certify
that the foregoing Resolution No. 650 is a true, full and correct:
copy of said Resolution passed and adopted by the City Council or
the City of Arroyo Grande at a regular meeting of said Council on
the 1.3 th day of Apr il, 1965.
WITNESS my hand and the seal of the City of Arroyo Grande
afflxed this 14th day of April, 1965.
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Arroyo Grm. de