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R 3237 ..... .. RESOLUTION NO. 3237 A JOINT RESOLUTION OF THE CITY COUNCILS OF SAN LUIS OBISPO COUNTY IN SUPPORT OF SAN LUIS OBISPO COUNTY AND SAN LUIS COAST AL SCHOOLS EFFORTS TO OBTAIN RELIEF FROM DAMAGING LOSS OF PROPERTY TAX REVENUE AS AN UNINTENDED CONSEQUENCE OF ELECTRIC UTILITY RESTRUCTURING IN CALIFORNIA The following resolution is hereby offered and read: WHEREAS, the State of California Public Utilities Commission has ordered the restructuring of the electric utility industry in California; and WHEREAS, the State of California has voted into law Senate Bill 1890 which provides for restructuring the electric utility industry in California; and WHEREAS, the California Public Utilities Commission has approved Pacific Gas and Electric Company's accelerating depreciation on the Diablo Canyon Nuclear Generating Facility; and ..... WHEREAS, one unintended effect on this area will be to significantly reduce the amount of property taxes received by San Luis Coastal Schools, county and city government, harbor district, and the library, without regard to the impacts on the community as a result of the property tax loss; and WHEREAS, the proposed reductions will have a far larger per capita impact in San Luis Obispo County than anywhere else in the State because of the concentration of Pacific Gas and Electric Company assets in this county; and WHEREAS, such reductions will be contrary to the agreement of mutual support between Pacific Gas and Electric Company and the citizens of San Luis Obispo County concerning the siting of the Diablo Canyon Nuclear Facility in this county; and NOW, THEREFORE, BE IT RESOLVED, by the City Councils of the Cities of Arroyo Grande, Atascadero, Grover Beach, Morro Bay, Paso Robles, Pismo Beach, and San Luis Obispo, that these cities do support the effort of San Luis Coastal Schools and San Luis Obispo County to protect the community from such a serious and damaging loss of tax revenue as a result of electric utility restructuring. , I I L-_ --...-------.----..---...-- ------------- - ... .. Resolution No. Page 2 The foregoing resolution is hereby adopted. CITY OF ATASCADERO CITY OF GROVER BEACH CITY OF MORRO BAY CITY OF PASO ROBLES CITY OF PISMO BEACH CITY OF SAN LUIS OBISPO DATE: ,.~--.,_...._.- ._---,--------- -....-------..--..- - -