Resolution No. 1450I y � a
RESOLUTION NO, 1450
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CYPRESS
ENDORSING PROPOSITION W ON THE JUNE 4, 1974 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
unincorporated 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 revenue, 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 Cypress
hereby endorses Proposition W as the soundest and most equitable way to finance
our water supply,
PASSED AND ADOPTED by the City Council of the City of Cypress at a
regular meeting held on the llth day of March, 1974,
ATTEST:
1
CITY CLE OF THE CITY OF CYPRESS
STATE OF CALIFORNIA )
COUNTY OF ORANGE ) SS
/7
MAYOR OF-TH CITY OF CYPRESS
I, DARRELL ESSEX, City Clerk of the City of Cypress, DO HEREBY CERTIFY
that the foregoing Resolution was adopted at a regular meeting of the said
City Council held on the llth day of March, 1974, by the following roll call
vote:
AYES: 4 COUNCILMEN: Frankiewich, Harvey, Kanel and Roberts
NOES: 0 COUNCILMEN: None
ABSENT: 1 COUNCILMEN: Lacayo
U
CITY CLERK OF THE ITY OF CYPRESS