1 1
RESOLUTION NO. R-2022-081
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PISMO BEACH,
CALIFORNIA AUTHORIZING THE MAYOR TO EXECUTE AN AMENDED AND
RESTATED WATER SUPPLY CONTRACT WITH THE COUNTY OF SAN LUIS OBISPO FLOOD CONTROL AND WATER CONSERVATION DISTRICT, ZONE 3 WHEREAS, the Lopez Water System supplies water to various south County municipalities via Water Supply Contracts (Contracts) within Zone 3 of the District; and WHEREAS, the Contracts establish the annual water entitlements for each of the Zone 3 Contractors (Contractors) and downstream releases, which are based on the safe yield of the reservoir and the reservoir capacity; and
WHEREAS, the existing Contracts between the District and the Contractors were restated and amended in 2000 from the terms of the original 1966 Contracts in response to the need for obtaining bonds for the state mandated Lopez Dam Seismic Retrofit Project and then further amended in 2010 to allow for bond refinancing; and WHEREAS, the Contractors wish to again restate and amend the Contracts to provide storage rights for each of the Contractors to store their unused entitlement, surplus water, and State Water Project water year -over -year in Lopez Reservoir and permit the refunding of the bonds associated with the completed Lopez Dam Seismic Retrofit Project.
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Pismo Beach hereby authorizes the Mayor to execute an Amended and Restated Water Supply Contract with the County of San Luis Obispo Flood Control and Water Conservation District, in the form presented with staffs report of September 20, 2022.
UPON MOTION OF Council Member Newton, seconded by Mayor Pro Tem Reiss, the foregoing resolution was adopted by the City Council of the City of Pismo Beach this 20th day of September 2022, by the following vote:
AYES: 5 Newton, Reiss, Blake, Guthrie, Waage
NOES: 0
ABSENT: 0
ABSTAIN: 0
RECUSED: 0
Attest:
ca thderli,: •, City Clerk
PAGE 1 OF 1
R-2022-081