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I RESOLUTION NO.2000-2 <br />2 A RESOLUTION OF THE BOARD OF PUBLIC UTILITIES OF THE CITY OF <br />RIVERSIDE, CALIFORNIA, ESTABLISHING ELECTRIC RATE SCHEDULE <br />3 ED, TARGETED ECONOMIC DEVELOPMENT RATES, MAKING RELATED <br />FINDINGS OF FACT AND RECOMMENDING CITY COUNCIL APPROVAL <br />4 THEREOF. <br />5 WHEREAS, the City of Riverside's Department of Public Utilities ("Department") has <br />6 submitted to the Board of Public Utilities (`Board") a proposed electric rate Schedule ED, Target <br />7 Economic Development Rates ("Schedule ED"), to provide a reduced rate tariff to new or <br />8 expanding commercial or industrial electric end-use customers within the City of Riverside who <br />9 are recommended for the Schedule ED rate by the Economic Development Corporation, which <br />10 recommendation is based upon the standards and guidelines to be established and adopted by the <br />11 Board and the City Council of the City of Riverside; and <br />12 WHEREAS, notice of a public hearing on April 21, 2000, to receive and review comments <br />13 upon the proposed electric rate Schedule ED, Targeted Economic Development Rates, was duly <br />14 published commencing April 6, 2000; and <br />15 WHEREAS, the Board held the public hearing on April 21, 2000, to hear any comments on the <br />16 pr6posed electric rate Schedule ED, Targeted Economic Development Rates; and <br />17 WHEREAS, on April 21, 2000, the Board heard the Department staffs presentation materials <br />18 regarding adoption of the proposed electric rate Schedule ED, Targeted Economic Development <br />19 Rates; and <br />20 WHEREAS, the proposed electric rate Schedule ED, Targeted Economic Development Rates, <br />21 would increase electric sales, jobs, and other tax revenues to Riverside through strategic economic <br />22 development; and <br />23 WHEREAS, the Board concurs with the Department's recommendation and concludes that the <br />24 proposed electric rate Schedule ED, Targeted Economic Development Rates, should be adopted; <br />25 NOW, THEREFORE, BE IT RESOLVED by the Board of Public Utilities of the City of <br />26 Riverside, California, as follows: <br />27 H 11 <br />G:'. L EG'..WPDATAIRES'..00060301. DN <br />