METROPOLITAN WATER DISTRICT - Laserfiche WebLink

Home Browse Search

exclusive of ad valorem property taxes, through imposition of a capacity charge, as described in Resolution 9056, to be imposed on Metropolitan's member public agencies; and WHEREAS, the Business and Finance Committee of the Board conducted a public hearing at its regular meeting on February 11, 2008, at which interested parties were given the opportunity to present their views regarding the proposed capacity charge; and WHEREAS, notice of the proposed capacity charge and of a public hearing on the date and at the time and location specified in Resolution 9056 was published prior to the hearing in various newspapers of general circulation within Metropolitan's service area; and WHEREAS, each of the meetings of the Board were conducted in accordance with the Brown Act (commencing at Section 54950 of the Government Code), for which due notice was provided and at which quorums were present and acting throughout; and WHEREAS, the amount of revenue to be raised by the capacity charge shall be as determined by the Board and allocation of such charges among member public agencies shall be in accordance with the method established by the Board; and . WHEREAS, the capacity charge is a charge imposed by Metropolitan upon its member agencies, and is not a fee or charge imposed upon real property or upon persons as an incident of property ownership; and WHEREAS, Metropolitan has legal authority to impose the capacity charge as a water rate pursuant to Sections 133 and 134 of the Metropolitan Water District Act (the "Act"); and WHEREAS, under authority of Sections 133 and 134 of the Act, the Board has the authority to fix the rate or rates for water as will result in revenue which, together with other revenues, will pay Metropolitan's operating expenses and provide for the payment of other costs, including payment of the interest and principal of Metropolitan's non -tax funded debt; and WHEREAS, the capacity charge is intended to recover the debt service and other appropriately allocated costs to construct, operate and maintain projects needed to meet peak demands on Metropolitan's distribution system, as shown in the Report; and WHEREAS, in the alternative under Section 134.5 of the Metropolitan Water District Act, an availability of service charge may be collected from the member public agencies within Metropolitan; NOW, THEREFORE, the Board of Directors of The Metropolitan Water District of Southern California does hereby resolve, determine and order as follows: Section 1. That the Board of Directors of Metropolitan hereby fixes and adopts a capacity charge, as described below, to be effective January 1, 2009. Section 2. That the capacity charge shall be in an amount sufficient to provide for payment of the capital financing costs not paid from ad valorem property taxes, as well as operations, maintenance and overhead costs incurred to provide peaking capacity within Metropolitan's distribution system. 2