CC RESOLUTION 25291.17;3
RESOLUTION NO. 2529
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF EL SEGUNDO, CALIFORNIA, ENDORSING PROPOSI-
TION W ON THE JUNE 4, 1974 STATEWIDE PRIMARY
ELECTION BALLOT.
WHEREAS, water is the lifeblood of Southern California.; and
WHEREAS, half the population of the state and half of its
assessed valuation depend upon water supplied by the Metropolitan Water
District, a public agency; and
WHEREAS, California will lose more than half its Colorado
River water because of a Supreme Court ruling on the Central Arizona
Project; and
WHEREAS, the Metropolitan Water District is constructing a
distribution system to deliver essential water to more than 120 cities and
many large unicorporated areas in six Southern California counties; and
WHEREAS, Proposition W on the June 4th ballot will finance
this construction by means of revenue bonds, to be repaid out of water reve-
nue, with the cost spread out equitably over more than one generation of
water users; and
WHEREAS, the alternative to Proposition W would be the use of
pay -as- you -go financing, requiring the property taxpayers and water users
of this generation to carry all the cost of facilities for generations to come;
and
WHEREAS, Proposition W will give a boost to our sagging economy
by providing jobs and purchasing power;
NOW, THEREFORE, BE IT RESOLVED that the City Council of
the City of E1 Segundo, California, does hereby endorse Proposition W as the
soundest and most equitable way to finance our water supply.
PASSED, APPROVED and ADOPTED this 19th day of March 1974.
ATTEST: e
Mayor of the City of El-Segundo, Ca i ornia.
City Clerk
(SEAL)
STATE Car
COU�dTY OF LOS ANGE LES, )
CITY OF EL SEGUNDO. )
SS
I, EUNICE U. CREASON City Clerk of the
City of E1 Segundo, California, DO HEREBY CERTIFY that the
whole number of members of the City Council of the said City
is five; that the foregoing Resolution, being Resolution No. 2529
was duly passed and adopted by the said City Council, approved
and signed by the Mayor of said City, and attested by the City
Clerk of said City, all at a regular meeting of the said Council
held on the 19th day of March , t S 7 4
and that the same was so passed and adopted by the following vote:
AYES: Councilmen Nagel, Rockhold, Stephens,
Van Vranken and Mayor Balmer
NOES: Councilmen None
ABSENT: Councilmen None
WITNESS my hand and the official seal of said City
this 26th day of March
(SEAL)
197 4
-ity er of e City of egun o
California