R 3331
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RESOLUTION NO. 3331
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
ARROYO GRANDE OPPOSING PROPOSITION 9
WHEREAS, passage of Proposition 9 would dismantleCalifornia's new competitive
electricity market. eliminating customer choice. and increasing electricity rates;
WHEREAS, the State Legislative Analyst and Department of Finance have determined that
the net impact of this Proposition on local governments would be revenue reductions
. potentially in the tens of millions of dollars annually through 2001-02;
WHEREAS, this Proposition could create a six billion dollar ($6,000.000.000) reduction in
the State budget. resulting in significant reductions in funding to local government and
impair critical services such as police and fire. community health and welfare. public safety
and overall community quality of life;
WHEREAS, the precedent set by disallowing payment on rate reduction bonds could
impair the ability of State and local governments to secure low-cost financing for local
infrastructure bonds and other types of bonds;
WHEREAS, passage of this Proposition could exacerbate the financial problems
experienced through unfunded State mandates;
WHEREAS, this Proposition jeopardizes the State's economic recovery by creating
uncertainty for California-based companies. as well as those considering relocating to the
State;
NOW, THEREFORE, BE IT RESOLVED that the City Council ofthe City of Arroyo Grande
does hereby oppose Proposition 9.
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On motion of Council Member Runels , seconded by Council Member Fuller
. and by the following roll call vote. to wit:
AYES: Council Members Runels, Fuller, Lady, Tolley, and Mayor Dougall
NOES: None
ABSENT: None
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Resolution No. 3331
Page 2
sed and adopted this 13th day of October 1998.
A.K. ·
ArTEST:
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NANCY A. o IS, CITY CLERK
APPROVED AS TO CONTENT:
Rnlxu L.It~l ,
ROBERT L. HUNT, CITY MANAGER
APPROVED AS TO FORM:
I, NANCY A. DAVIS, City Clerk of the City of Arroyo Grande, County of San Luis Obispo,
Sate of California, do h~reby certify under penalty of perjury, that the foregoing Resolution
No. 3331is a true, full and correct copy of said Resolution passed and adopted at a regular
meeting of the Arroyo Grande City Council on the 13th day of October 1998.
WITNESS my hand and the Seal of the City of Arroyo Grande affixed this 16th Day of
October 1998.
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'fi~ a. ~
NANCY A. D IS, CITY CLERK
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