HomeMy WebLinkAboutReso 8515RESOLUTION NO. 8515
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
REDLANDS AUTHORIZING CITY STAFF TO VOTE CITY -OWNED SHARES OF WATER
COMPANY STOCK
WHEREAS, the City of Redlands owns shares of various water company stock that allow
the City to receive water at its Horace Hinckley and Henry Tate surface water treatments plants;
and
WHEREAS, every year, each of the water companies for which the City owns shares has
an annual shareholder meeting and from time to time other specially -called meetings of its
shareholders, (collectively, the "Shareholder Meetings"); and
WHEREAS, at such Shareholder Meetings, topics are discussed and voted upon that may
impact operations and management of each water company and the City; and
WHEREAS, for decades, City staff has voted such shares on behalf of the City at such
Shareholder Meetings; and
WHEREAS, often information on the topics to be voted on is not available to City staff
prior to such Shareholder Meetings; and
WHEREAS, it is the desire of the City Council of the City of Redlands to formally authorize
City staff to vote on behalf of the City at any such Shareholder Meetings, and bring to the City
Council, when practicable, water company topics proposed for discussion and direction at such
meetings; and
WHEREAS, by this Resolution, the City Council's intends to formally adopt a policy that ratifies
existing practice.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Redlands as
follows:
Section 1. The City Council of the City of Redlands authorizes City staff to vote on
behalf of the City at any annual or other specially -called water company shareholder meetings,
bring to City Council when practicable water company topics proposed for discussion and
direction at such meetings, and provide a report on the actions that are voted on.
Section 2.
adoption.
This Resolution shall take effect from and after the date of its passage and
ADOPTED, SIGNED AND APPROVED this 19th day of Se mbe
ATTEST:
fine Donaldson, City Clerk
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Eddie Tejeda, Mayo
I, Jeanne Donaldson, City Clerk of the City of Redlands, hereby certify that the foregoing
resolution was duly adopted by the City Council at regular meeting thereof held on the 19th day
of September, 2023, by the following vote:
AYES: Councilmembers Barich, Davis, Guzman -Lowery; Mayor Tejeda
NOES: None
ABSENT: Councilmember Saucedo
ABSTAINED: None
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e Donaldson, City Clerk