HomeMy WebLinkAboutCity Council - 562 RESOLUTION NO ,,,-f1 N
RESOLUTION OF THE BOARD OF TRUSTEES OF THE CITY OF HUNTINGTON
BEACH DECLARING THAT THE PUBLIC INTEREST AND NECESSITY DEMAND
THE SALE OF A PUBLIC UTILITY OWNED BY SAID CITY,TO-EXIT THE
MUNICIPAL GAS PLANT AND FORKS,
The Board of Trustees of the City of Huntington Beach do
Resolve as follows;
It is Resolved, that the public interest and necessity demands
that a public utility owned by the City of Huntington Beach,
to-wit, the municipal Gas system and works, should be sold, and
that said necessity consists in this; that the service lines of
said system have deteriorated to such extent that a large expen-
diture of public money is necessary to replace and improve the
same; that in order to take care of the replacement of said
system, as well as for storage tanks, extentions, and necessary
improvements it would be necessary to provide a bonded fund
in a large sum of money, and to increase the service rate to
the individual consumers in said City of Huntington Beach; and
that if the said system were so improved, there is a liklihood
that the same would be destroyed within a brief period of time
because of the extension of the oil industry in said City; and
that the present system and gas system and works are at present
in danger of immediate destruction by such oil industry; that an
offer of purchase has been made for said system which will repay
to the City of Huntington Beach a sum greatly in excess of the
cost of said system and works, and enable the officials of said
city to provide a fund for the payment of bonds to the extent of
approximately Z 00 0 ^, and relieve the citizens of said
City and property owners therein whose property is subject to said
bonded indebtednsas from the burden
thereof; that such sale would cause an immediate lowering of the
rates for gas service to the inhabitants of said City, and effect
a greatly improved service in said city.
Passed and adopted by the Board of Trustees of the City of
Huntington Beach, December 2Oth. , 1926.
President of the Board of Trustees T
of the City of Huntington Beach.
f
1
Attest Wcl�',�W City Clerk and ex-officio clerk of the Board
of Trustees of the City of Huntington Beach.
STATE OF CALIFORNIA }
COUNTY OF ORANGE ) SS.
CITY OF HiNTINGTON BEACM
I, C. R. Furr, City Clerk and ex-officio clerk of the Board of Trustees
of the City of Huntington Beach, do hereby certify, that the foregoing
resolution was presented and read to the Board of Trustees of the said
City at a regular adjourned meeting of said Board held on the 20th.
day of December, 1926, and was by said Board of Trustees pppsed and
adopted by the following vote,
AYES: Trustees fi_ w -
NOES Trustees
Absent Trustees
City Clerk and ex-officio clerk of the
Board of Trustess of the City of
Huntington Beach, State of California.