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04-22-2019 BPU RPT 11
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W A T E R I E N E R G Y I L I F E <br />RIVERSIDE PUBLIC UTILITIES <br />W& <br />P U BLIC UTILITIES Board Memorandum <br />BOARD OF PUBLIC UTILITIES DATE: APRIL 22, 2019 <br />ITEM NO: 11 <br />SUBJECT: SHAREHOLDER PROXY AUTHORITY FOR MUTUAL WATER COMPANIES <br />ISSUES: <br />Approve and recommend that the City Council confirm the voting representatives and alternates outlined <br />in this report and delegate authority to any designated representative or alternate to vote the City's shares <br />as the City's proxy at all meetings of the respective mutual water company. <br />RECOMMENDATIONS: <br />That the Board of Public Utilities approve and recommend that the City Council: <br />1. Confirm the voting representatives and alternates outlined in this report; and <br />2. Delegate authority to any designated representative or alternate to vote the City's shares as the <br />City's proxy at all meetings of the respective mutual water company. <br />BACKGROUND: <br />Submitted for the Board of Public Utilities consideration and recommendation to the City Council is the <br />affirmation of the following City voting representation and alternates for shareholder meetings of the mutual <br />water companies in which the City owns stock and delegation of authority to these individuals to vote the <br />City's shares as the City's proxy at all meetings of the respective mutual water company: <br />MUTUAL WATER COMPANY <br />VOTING REPRESENTATIVE <br />ALTERNATE <br />Jurupa Ditch Water Co. <br />Michael Plinski <br />David Garcia <br />Riverside Highland Water Co. <br />Michael Plinski <br />Oscar Khoury <br />Trujillo Water Co. <br />Jo Lynne Russo -Pereyra <br />David Austin <br />Meeks & Daley Water Co. <br />Michael Plinski <br />David Garcia <br />The proxy authority would extend to matters that routinely come before the shareholders for consideration <br />consistent with each company's articles of incorporation and bylaws, as well as voting for representation <br />on the boards of directors for each company. Attached is a list of annual shareholder meeting dates and <br />number of shares owned by the City in the various companies. <br />FISCAL IMPACT: <br />There is no fiscal impact associated with this report. <br />
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