RES 77099 - Laserfiche WebLink

CITY OF PLEASANTON COUNTY OF ALAMEDA STATE OF CALIFORNIA RESOLUTION NO. 77-99 A RESOLUTION ADOPTING A PAY-AS-YOU-GO ALTERNATE MEANS OF FINANCING FOR THE CITY OF PLEASANTON'S PORTION OF LAVWMA PROJECT 1B-O WHEREAS, the Livermore-Amador Valley Water Management Agency is a joint powers agency created by the City of Livermore, City of Pleasanton and the Valley Community Services District in order to implement a waste water disposal system for the Livermore-Amador Valley; and WHEREAS, the Livermore-Amador Valley Water Management Agency's Board of Directors at a special meeting held on March 30, 1977 selected Alternative 1B-O (Boehmer Summit - EBDA Interceptor with No Demineralization and with Nominal Re- use) as the most cost effective project to qualify for State and Federal funding; and WHEREAS, the Livermore-Amador Valley Water Management Agency's Board of Directors also determined at said meeting to pro- ceed with financing the above mentioned project by use of the Revenue Bond Law of 1941, specifically Government Code Section 54307.1(b), which authorizes the issuance of 1941 revenue bonds without voter approval but subject to refer- endum; and WHEREAS, in order for LAVWMA to qualify for Federal and State funding of 87 1/2% of the capital cost of the 1B-O project, the total capital cost of which has been estimated by CH2M Hill, engin- eers for LAVWMA, to be approximately thirty-eight million dollars, it is necessary that the agencies comprising LAVWMA adopt a back up method of financing prior to September 30, 1977; and WHEREAS, State and Regional Representatives of the State Water Re- sources Control Board have indicated to LAVWMA and its mem- ber agencies that a pay-as-you-go method of financing is an acceptable alternate method of financing for insuring the aforementioned 87 1/2% funds will be available for the LAVWMA project; and WHEREAS, the City of Livermore and the Valley Community Services Dis- trict have indicated by various resolutions that they will adopt a pay-as-you-go program as alternate means of funding the LAVWMA project. NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF PLEASANTON DOES RESOLVE AS FOLLOWS: Section 1. The City Council adopts pay-as-you-go financing for the LAVWMA 1B-O project to be accomplished by an increase in the sewer service charge of an amount necessary to provide the City of Pleasanton's share of the cost for Alternative 1B-O (Boehmer Summit - EBDA Interceptor with No Demineralization and with Nominal Reuse).