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Home My WebLink About1998 080 CC RESO #21998 080 CC RESO #2 @˜’¬RESO 98-80 OCT 7 1998[H.€8 RESOLUTION NO.98-80 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF BALDWIN PARK IN OPPOSITION TO THE 1998 ELECTRIC UTILITY PROPOSITION WHEREAS, the 1998 Electric Utility Proposition would dismantle California's new competitive electricity market, eliminating customer choice and competitive 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, the proposition could create a $6 billion hole in the state budget, resulting in significant reductions in funding to local government and critical services such as police and fire, impairing community health and welfare, public safety and community quality of life; WHEREAS, the precedence 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, the proposition serves only to create more bureaucracy and red tape and cost California taxpayers billions of dollars in lawsuits; WHEREAS, passage of this measure 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 our state; WHEREAS, the League of California Cities voted to oppose the initiative; WHEREAS, this proposition is poorly written, misguided, flawed and costly, and will only service to eliminate customer choice and competitive electricity rates. NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Baldwin Park opposes the 1998 Electric Utility Proposition. PASSED, APPROVED AND ADOPTED this 7th day of October, 1998. MAYOR BIB] 37175-U01 RESO-U02 98-80-U02 OCT-U02 7-U02 1998-U02 LG1-U03 LI3-U03 FO1126-U03 FO1153-U03 FO1188-U03 DO1973-U03 C6-U03 RESO-U03 10/10/2001-U04 ADMIN-U04 RESO-U05 98-80-U05 OCT-U05 7-U05 1998-U05 BIB] 37426-U01 1998-U02 080-U02 CC-U02 RESO-U02 #2-U02 LG1-U03 LI3-U03 FO1126-U03 FO1153-U03 DO1973-U03 C6-U03 RESO-U03 10/10/2001-U04 ADMIN-U04 RESO-U05 98-80-U05 OCT-U05 7-U05 1998-U05 1998 080 CC RESO #2 @˜’¬RESO 98-80 OCT 7 1998[H.€8 Resolution No.98 80 ATTEST KATHRYN TIZCARENO, CITY CLERK STATE OF CALIFORNIA COUNTY OF LOS ANGELES ss CITY OF BALDWIN PARK I, KATHRYN V. TIZCARENO, City Clerk of the City of Baldwin Park, do hereby certify that the foregoing Resolution No.98- was duly and regularly approved and adopted by the City Council of the City of Baldwin Park at its regular meeting of the City Council on October 7,1998, by the following vote: AYES: PACHECO, MUSE, VAN CLEAVE, LOZANO AND LOWES NOES: NONE ABSENT: NONE ABSTAIN: NONE BIB] 37175-U01 RESO-U02 98-80-U02 OCT-U02 7-U02 1998-U02 LG1-U03 LI3-U03 FO1126-U03 FO1153-U03 FO1188-U03 DO1973-U03 C6-U03 RESO-U03 10/10/2001-U04 ADMIN-U04 RESO-U05 98-80-U05 OCT-U05 7-U05 1998-U05 BIB] 37426-U01 1998-U02 080-U02 CC-U02 RESO-U02 #2-U02 LG1-U03 LI3-U03 FO1126-U03 FO1153-U03 DO1973-U03 C6-U03 RESO-U03 10/10/2001-U04 ADMIN-U04 RESO-U05 98-80-U05 OCT-U05 7-U05 1998-U05