CC Resolution No. 4436 RESOLUTION N0. 4436
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CUPERTINO
ENDORSING REVENUE BOND ISSUE OF SANTA CLARA VALLEY WATER
DISTRICT
WHEREAS, Santa Clara Valley Water District has called an election to be
held May 31, 1977, seeking authority to issue $56,000,000 of Revenue Bonds
to improve its water service to levels consistent with the Master Plans of the
Cities and the County of Santa Clara; and
WHEREAS, Revenue Bonds will place no burden upon property taxes or upon
residents not benefited but will be repaid only by the revenues of the water
enterprise so funded; and
WHEREAS, a bond issue for such funding will spread the cost thereof.to
future as well as present water users; and
WHEREAS, the major improvements to be funded are required to take advantage
of the Federal San Felipe Water Project which has had the final approval of
the administration of President Carter;
NOW, THEREFORE, be it resolved that the City Council of the City of Cuper-
tino endorse the said proposed Issue of Revenue Bonds by Santa Clara Valley
Water District and that approval thereof by the voters of the District is
urged.
PASSED AND ADOPTED at a regular meeting of the City Council of the City
of Cupertino this 5th day of April , 1977, by the following vote:
Vote Members of the City Council
AYES: Meyers, Nellis, 0'Keefe, Frolich
NOES: None
ABSENT: None
ABSTAIN: Jackson
APPROVED:
•/s/ Donald A. rrolich
Mayor, City of Cupertino
ATTEST:
/s/ Wm. E. Ryder
City Clerk