HomeMy WebLinkAboutCC 7 WTR CORP DIR'S 11-03-80DATE:
TO:
FROM:
SUBJECT:
10/27/80
CONSENT CALENDAR
NO. 7
11~3~80
ln e -- Co n
DAN BLANKENSHIP, CITY ADMINISTRATOR
JAMES G. ROURKE, CITY ATTORNEY
RESOLTUION APPROVING THE FORMATION, MEMBERS AND DIRECTORS
OF THE CITY OF TUSTIN WATER CORPORATION
Enclosed is a Resolution Approving the Formation,
Members and Directors of the City of Tustin Water Corporation
which we recommend tha~ the City Council adopt at its next
Council meeting.
If there are any changes, comments, etc., please
advise.
JGR:se:D:10/27/80
Enclosure
cc:
Mary Wynn, w/orig, encl.
RESOLUTION NO. 80-116
RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF TUSTIN~ CALIFORNIA, APPROVING THE
FORMATION, MEMBERS AND DIRECTORS OF THE
CITY OF TUSTIN WATER CORPORATIONS.
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§ WHEREAS, the CITY OF TUSTIN WATER CORPORATION (the
6 "Corporation") has been incorpora.ted by a group of public-
7 spirited citizens for the specific and primary purpose of
8 providing financial assistance to the CITY OF TUSTIN (the
9 "City") by financing the acquisition and improvement of
l0 property for the operation of a public water system, including
11 water reservoirs, water transmission pipelines, appurtenances
12 and appurtenant works and related facilities for the City;
15 and
14 WHEREAS, by its Articles of Incorporation and by its By-
15 Laws, no part of the net earnings, funds or assets of said
16 Corporation shall inure to the benefit of any member thereof
17 or any other person, firm or corporation, except the City;
18 and
19 WHEREAS, the City Council has need to acquire and improve
20 the said property as hereinabove mentioned;
21 NOW, THEREFORE, BE IT RESOLVED by the City Council of
22 the City of Tustin as follows:
25 1. All of the recitals herein contained are true and
~ correct and this City Council so finds.
25 2. The Corporation and its formation are hereby
26 approved and the members and directors of the Corporation,
57 namely, Walter J. Fredriksen, William A. Moses, II, Martin J.
~8 Regan, Lloyd W. Robbins, and Jerry Weil, are hereby approved.
III
III
III
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PASSED, APPROVED AND ADOPTED at a regular meeting of the
City Council of.the City of Tustin, California, this
day of , 1980.
ATTEST:
MAYOR
CITY CLERK
JG5:se:D:10/24/80
JGR:se:R:10/27/80
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