METROPOLITAN WATER DISTRICT OF SOUTHERN CALIFORNIA (4)

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THE METROPOLITAN WATER DISTRICT OF SOUTHERN CALIFORNIA RESOLUTION 9141 RESOLUTION OF THE BOARD OF DIRECTORS OF THE METROPOLITAN WATER DISTRICT OF SOUTHERN CALIFORNIA FIXING AND ADOPTING A READINESS -TO -SERVE CHARGE FOR CALENDAR YEAR 2013 WHEREAS, at its meeting on October 16, 2001, the Board of Directors ("Board") of The Metropolitan Water District of Southern California ("Metropolitan") approved a rate structure proposal described in Board Letter 9-6 dated October 16, 2001, including a readiness -to -serve charge; and WHEREAS, providing firm revenue sources is a goal of such rate structure; and WHEREAS, the amount of revenue to be raised by the readiness -to -serve charge shall be as determined by the Board and allocation of the readiness -to -serve charge among member public agencies shall be in accordance withh the method establishedby the Board; and WHEREAS, the readiness -to -serve 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 such readiness -to -serve charge as a water rate pursuant to Section 1.34 of the Metropolitan Water District -Act (the "Act"), and as an availability of service charge pursuant to Section 134.5 of 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 revemies, will pay Metropolitan's operating expenses and provide for payment of other costs, including payment of the interest and principal of Metropolitan's non -tax funded bonded debt; and WHEREAS, pursuant to Resolution 8329, adopted by the Board on July 9, 1991, proceeds of the readiness -to -serve charge and other revenues from the sale or availability of water are pledged to the payment of Metropolitan's outstanding revenue bonds issued and revenue bonds to be issued pursuant to Resolution 8329; and WHEREAS, under authority of Section 134.5 of the Act, a. readiness -to -serve charge imposed as an availability of service charge may be collected from the member public agencies within Metropolitan, or may be imposed as a standby charge against individual parcels within Metropolitan's service area; and WHERE, AS, under such authority, the water standby charge may be imposed on each acre of laid or each parcel of land less than an acre within Metropolitan to which water is made available for any purpose by Metropolitan, whether the water is actually used or not; and