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07-15-2005 BPU Minutes
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07-15-2005 BPU Agenda
(Supersedes)
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CITY OF RIVERSIDE <br /> BOARD OF PUBLIC UTILITIES <br /> Minutes of: Regular Meeting of the Board of Public Utilities <br /> Date of Meeting. July 15, 2005 <br /> Time of Meeting: 815 a.m. (began at 8:17 a.m.) <br /> Place of Meeting: Art Pick Council Chamber, City Hall <br /> 3900 Main Street (at Tenth & Main Streets) <br /> Riverside, California <br /> PLEDGE OF ALLEGIANCE TO THE FLAG <br /> Roll Call! <br /> Present: Peter Hubbard (Chairman) Jim Anderson (Vice Chair) <br /> Conrad Newberry, Jr., P,.E. Bob Stockton <br /> David Barnhart Ken Sutter <br /> Lalit Acharya Greg Kraft <br /> Absent. Joe Tavaglione (absence due to business) <br /> INTRODUCTION OF NEW PUBLIC UTILITIES' BOARD MEMBER — GREG KRAFT <br /> CITIZENS PARTICIPATION <br /> No comments were made. <br /> COMMITTEE, REPORTS <br /> PROPERTY COMMITTEE REPORT <br /> Board Member Ken Sutter requested that the Property Committee minutes be revised to <br /> include the following addition: "The Committee also requested that all future sales of <br /> surplus property be tied to the purchase of property needed for operations, or for <br /> other capital assets/projects as the property administration strategy is developed." <br /> Vice-Chair Anderson referred to the 1989 policy of the RPU Board that was approved by <br /> the City Council, stated it says .."proceeds from the sale of property would be used <br /> exclusively for financing the acquisition and construction of other facilities for electric <br /> 1waterfund." Mr. Anderson said, "This is exactly what we are looking for the future needs <br /> of the water division." The policy also went on to state ...."the purpose is to preserve the <br /> assets for utilities even after declared surplus,". <br /> Mr. Anderson requested that Legal look at the process more closely. Mr. Anderson said, <br /> "it looks like after a property is declared surplus it is up to Real Property division to give us <br /> the best price possible and that all of the funds recovered from the sale of property <br /> formally owned by the utility will come back to the utility. The City Administrative Manual <br /> that relates to this says that if the sale is for other than cash the terms of the sale must <br /> come back to the Board presented back by the Real Property division. So in summary <br />
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