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HomeMy WebLinkAboutCC RESO 10,983RESOLUTION NO. 10,983 RESOLUTION OF THE CITY COUNCIL OF THE CITY OF NATIONAL CITY AUTHORIZING AND DIRECTING THE MAYOR AND CITY CLERK TO EXECUTE AMENDMENT NO. 1 TO "JOINT POWERS AGREEMENT OF 1972 BETWEEN THE SOUTH BAY IRRIGATION DISTRICT AND THE CITY OF NATIONAL CITY CREATING THE SWEETWATER AUTHORITY" WHEREAS, the South Bay Irrigation District and the City of National City entered into a Joint Powers Agreement of 1972 Between the South Bay Irrigation District and the City of National City Creating the Sweetwater Authority on Febnnary 3, 1972; and WHEREAS, it is deemed to be in the best interests of the City and its inhabitants and taxpayers that Amendment No. 1 thereto be executed providing an alternative procedure for financing the acquisition of the Sweetwater System; NOW, THEREFORE, IT IS HEREBY RESOLVED by the City Council of the City of National City that the Mayor and City Clerk be authorized and directed to execute Amendment No. 1 to "Joint Powers Agreement of 1972 Between the South Bay Irrigation District and the City of National City Creating the Sweetwater Authority", a copy of which is attached hereto as Exhibit A. PASSED AND ADOPTED at a regular meeting of the City Council of the City of National City held on Tuesday, February 20, 1973, by the following vote, to wit: AYES: Camacho, Pinson, Reid, Waters, Morgan NOES: None ABSENT: None AMENDMENT NO. 1 TO JOINT POWERS AGREEMENT OF 1972 BETWEEN THE SOUTH BAY IRRIGATION DISTRICT AND THE CITY OF NATIONAL CITY CREATING THE SWEETWATER AUTHORITY THIS AMENDMENT NO. 1 TO JOINT POWERS AGREEMENT OF 1972, dated , 1972, is made and entered into by and between the SOUTH BAY IRRIGATION DISTRICT (hereinafter sometimes referred to as "SOUTH BAY"), an irrigation district organized and existing under the Irrigation District Law of the State of California (Division 11 of the Water Code), and the CITY OF NATIONAL CITY (herein- after sometimes referred to as "NATIONAL CITY"), a municipal corporation organized and existing under the laws of the State of California (Title 4 of the Government Code). RECITALS SOUTH BAY and NATIONAL CITY and the residents in each of them are served by the water supply and distribution system owned by the California -American Water Company, which system is known as the Sweetwater District of the San Diego Bay Division (hereinafter sometimes referred to as "Sweetwater System"). SOUTH BAY and NATIONAL CITY are in the process of acquiring the Sweetwater System by means of an eminent domain proceeding (San Diego Superior Court No. 306441). Exhibit " A" SOUTH BAY and NATIONAL CITY have found it to be in the best interests of each public agency and the residents of each of them to create the "SWEETWATER AUTHORITY" and for such purpose have entered into the "Joint Powers Agreement of 1972 Between the South Bay Irrigation District and the City of National City Creating the Sweetwater Authority" ("Joint Powers Agreement of 1972"). It now appears that there is an alternative method of financing the acquisition of the Sweetwater System and SOUTH BAY and NATIONAL CITY are enter- ing into this .Amendment No. 1 to Joint Powers Agreement of 1972 to keep this alternative available. NOW, THEREFORE, SOUTH BAY AND NATIONAL CITY, FOR AND IN CONSIDERATION OF THEIR MUTUAL PROMISES AND AGREEMENTS HEREIN CONTAINED, DO AGREE AS FOLLOWS: SECTION 1. Amendment No. 1 to Joint Powers Agreement of 1972 The Joint Powers Agreement of 1972 is hereby amended to add Section 7.1 thereto to read as follows: Section 7.1. ACQUISITION OF SWEETWATER SYSTEM - ALTERNATIVE METHOD FOR BOND ELECTION: SOUTH BAY and NATIONAL CITY shall prosecute the eminent domain proceeding (San Diego Superior Court No. 306441) to final judgment as provided in Section 7. As an alternative to the procedure set forth in Section 7, when the interlocutory condemnation judg- ment is final, SOUTH BAY and NATIONAL CITY may elect not to follow the procedure set forth in Section 7, and, if they so elect, they shall cause The Sweetwater Water System Corporation ("Corporation") to issue its bonds pursuant to Section 15 of the Sweetwater Water System Lease and Sublease. Upon acquisition of the Sweetwater System and its being subject to the Lease and Sublease, residual title shall still vest in SOUTH BAY and NATIONAL CITY subject to the Lease and Sublease and possession shall vest in the Sweetwater Authority for the purpose of operation pursuant to this Agreement and the Authority shall operate the Sweetwater System pursuant to the pro- visions of the Indenture or Indentures providing for the issuance of such bonds. IN WITNESS WHEREOF, SOUTH BAY and NATIONAL CITY have caused this Amendment No. 1 to Joint Powers Agreement of 1972 to be signed by their respective officials hereto- fore duly authorized by the legislative bodies thereof. DATED: SOUTH BAY IRRIGATION DISTRICT ATTEST: Secretary (SEAL) DATED: C}!p - Yo. /9 73 ATTEST: By President CITY OF NATIONAL CITY '7 j.z7 �e-- ,s% By or