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of an adjourned adjourned meeting of the City Council, City of Redlands,
held in the Council Chambers, Safety Hall, 212 Brookside Avenue,
January 27, 1967 at 8: 30 A.M.
IT Waldo F. Burroughs, Mayor
Norman N. Martinez, Councilman
William T. Hartzell, Councilman
Jack B . Cummings, Councilman
Ralph P. Merritt, Jr. , City Manager
Edward F. Taylor, City Attorney
Peggy A. Moseley, City Clerk
Ron Kibby, Redlands Daily Facts
Charles G. DeMirjyn, Councilman
This adjourned meeting was scheduled for this time and place at the
adjourned regular meeting of January 23, 1967, for the purpose of
receiving a report from Water Superintendent Lowry relative to the
proposed spin-off of land assets from the Bear Valley Mutual Water
Company.
Mr. Lowry read a comprehensive report (on file in the office of the
City Clerk) explaining the proposal and describing the possible result-
ing cost to be ultimately borne by the water users of the City. Mr.
Lowry stated that the spin-off is not in the best interest of the City
and recommended as follows:
1. The city vote its stock ownership to oppose any stock split
action.
2. In the event the Bear Valley stock split action is taken, the
City withdraw Bear Valley Water Company stock from the City' s
acceptable stock list pending re-evaluation of the stock.
Attorney James Edwards spoke in behalf of the directors of the company,
outlining their plan and giving reasons for the proposal. Mr. Donald
Following additional discussion, Councilman Hartzell moved to insi
Water Superintendent Lowry to vote the City holdings to oppose the
proposed stock split of the Bear Valley Mutual Water Company at tI
meeting (February 21, 1967) and at any other mutual group meeting:
related companies. Motion seconded by Councilman Martinez and cai
There being no further business, on motion, the Council adjourned,
Next regular meeting February 7, 1967 .
ATTEST:
Mayor of the City of Reds
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