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HomeMy WebLinkAbout2021-05-11; Municipal Water District; Resolution 1653RESOLUTION NO. 1653 A RESOLUTION OF THE BOARD OF DIRECTORS OF THE CARLSBAD MUNICIPAL WATER DISTRICT OF THE CITY OF CARLSBAD, CALIFORNIA, AUTHORIZING USE OF THE SAN DIEGO COUNTY WATER AUTHORITY (WATER AUTHORITY) REFUND TO OFFSET THE RATES THE CARLSBAD MUNICIPAL WATER DISTRICT (CMWD) PAYS THE WATER AUTHORITY FOR WATER SUPPLY, WHICH WILL RESULT IN OFFSETING FUTURE CUSTOMER RATE INCREASES WHEREAS, on March 4, 2021, the Water Authority refunded the CMWD an amount of $1,692,237; and WHEREAS, this amount represents CMWD's share of contract damages awarded from the Metropolitan Water District of Southern California (MWD) to the Water Authority for stewardship rate charges that MWD unlawfully assessed to the Water Authority between 2011 and 2014; and WHEREAS, the CMWD Board of Directors (Board) of the City of Carlsbad, California has determined it necessary and in the public interest to approve the use of the Water Authority refund to offset the rates the CMWD pays the Water Authority for water supply, which will result in offsetting future customer rate increases. NOW, THEREFORE, BE IT RESOLVED by the Board of Directors of the Carlsbad Municipal Water District of the City of Carlsbad, California, as follows: 1.That the above recitations are true and correct. 2.That the San Diego County Water Authority refund in the amount of $1,692,237 be used to offset the rates the CMWD pays the Water Authority for water supply, which will result in offsetting future customer rate increases. // May 11, 2021 Item #3 Page 5 of 10 PASSED, APPROVED AND ADOPTED at a Special Meeting of the Board of Directors of the Carlsbad Municipal Water District of the City of Carlsbad, California on the 11th day of May, 2021, by the following vote, to wit: AYES: Hall, Blackburn, Acosta, Bhat-Patel, Schumacher. NAYS: None. ABSENT: None. MATT HALL, PRESIDENT ]rn-spitivwc BARBARA ENGLESON, SECRETARY (SEAL) May 11, 2021 Item #3 Page 6 of 10