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01-22-2018 BPU RPT 04
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01-22-2018 BPU AGENDA
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RIVERSIDE PUBLIC UTILITIES <br />Board Memorandum <br />BOARD OF PUBLIC UTILITIESDATE:JANUARY 22, 2017 <br />ITEM NO: 4 <br />SUBJECT:SHAREHOLDER PROXY AUTHORITY FOR MUTUAL WATER COMPANIES <br />ISSUE: <br />Approve to delegateshareholder proxy authority as outlined in this report. <br />RECOMMENDATION: <br />That the Board of Public Utilitiesapprove and recommend that the City Council confirm the voting <br />representatives and alternates outlined in the reportanddelegate authority to anydesignated <br />representative or alternate to vote the City’s shares as the City’s proxy at all meetings of the respective <br />mutual water companies. <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 alternatesfor Shareholders Meetings of the <br />mutual water companies in which the City owns stockand delegation of authority to these individuals to <br />vote the City’s shares as the City’s proxy at all meetings of the respective mutual water companies: <br />MUTUAL WATER COMPANYVOTING REPRESENTATIVEALTERNATE <br />Gage Canal CompanyTodd JorgensonDave Austin <br />Jurupa Ditch Water CompanyMichael PlinskiDavid Garcia <br />Riverside Highland Water Co.Michael PlinskiOscar Khoury <br />Trujillo Water CompanyDave AustinJenniferO’Farrell <br />Meeks & Daley Water CompanyMichael PlinskiDavid Garcia <br />The proxy authority would extend to matters that routinely come before the shareholders for <br />consideration consistent with each company’s articles of incorporation and bylaws, as well as voting for <br />representation on the boards of directors for each company. Attached is a list of Annual Shareholder <br />meeting dates and 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 />Prepared by:Todd L. Jorgenson, Utilities Assistant General Manager/Water <br />Approved by:Girish Balachandran, Utilities General Manager <br />Approved by:John A. Russo, City Manager <br />Approved as to form:Gary G. Geuss, City Attorney <br />Certifies availability <br />of funds:Laura Chavez-Nomura, Utilities Assistant General Manager <br />Attachment:Annual Shareholder Meeting Dates <br />Page 16 <br />
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