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Ordinance No. 482-021 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 ORDINANCE NO. 482-02 AN ORDINANCE OF THE SOUTH TAHOE PUBLIC UTILITY DISTRICT TO ADD SECTION 3.6 TO DIVISION 3 OF THE ADMINISTRATIVE CODE RESTRICTING THE USE OF FUNDS RECEIVED FROM MTBE SETTLEMENTS AND JUDGEMENTS BE IT ENACTED by the Board of Directors of the South Tahoe Public Utility District (District), County of El Dorado, State of California, as follows: SECTION I - POLICY AND PURPOSE The purpose of this Ordinance is to restrict the use of funds received by the District methyl tertiary butyl ether (MTBE) contamination settlements and judgements for use in addressing damages caused by MTBE contamination to groundwater resources and the Water System. SECTION II - FINDINGS The Board of Directors of the South Tahoe pUblic Utility District, County of El Dorado, State of California, make the following findings: 1. Groundwater resources are the sole water supply source for the District to obtain Potable Water for use by its customers; 2. Groundwater resources, from which the District's wells extract Potable Water, have been and continue to be subject to contamination from MTBE, notwithstanding efforts to prevent such contamination, and present a material risk of harm to the District's groundwater resources and its ability to provide safe and reliable drinking water to its customers; 3. The District initiated an action entitled South Tahoe Public Utility District v. ARCO Chemical Company, et al., San Francisco County Superior Court Case No. 999128 (Action) to recover damages related to MTBE contamin- ation of groundwater resources and the Water System; 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 Ordinance No. 482-02 Page 2 4. The cost and expense of addressing MTBE contamination of groundwater resources and the Water System are uncertain since MTBE contamination of the groundwater basin water is wide-spread; 5. In Order to ensure that funds received by the District as a result of the Action, whether from settlement, judgement(s) or otherwise, are used responsibly and solely for addressing the damages from MTBE contamination, the Board of Directors desires to segregate the funds received by it as a result of the Action to pay for cost and expenses associated with damages from MTBE contamination of groundwater resources and the Water System; 6. The District must enact an ordinance in order to segregate and restrict these funds pursuant to Generally Accepted Accounting Principles; and, 7. The Board of Directors determines that it is in the best interest of the District to enact this Ordinance to ensure that funds received as a result of the Action are available to address damages from MTBE contamination of groundwater resources and the Water System, now and in the future. SECTION III - SECTION 3,6 ADDED TO SECTION 3 OF THE ADMINISTRATIVE CODE This Ordinance shall add Section 3.6 Methyl Tertiary Butyl Ether (MTBE) Contamination Fund (subsections 3.6.1 through 3.6.6, inclusive) to Section 3 of the District's Administrative Code, the terms of which are set forth in the attached Exhibit A and incorporated by this reference. IV - SEVERABILITY If any section, subsection, subdivision, paragraph, sentence, clause or phase of this -2- 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 Ordinance No. 482-02 Page 3 Ordinance and its implementing rules and regulations is for any reason held to be unconstitutional or invalid, such decision shall not affect the validity of the remaining portions of this Ordinance or the Administrative Code. The Board of Directors declares and determines that it would have passed section, subsection, subdivision, paragraph, sentence, clause or phrase thereof of this Ordinance and its implementing rules and regulations and the Administrative Code irrespective of the fact that any one or more sections, subsections, subdivisions, paragraphs, sentences, clauses or phrases may be determined~o be unconstitutional or invalid. SECTION IV - EFFECTIVE DATE This Ordinance shall be effective thirty (30) days after its passage. PASSED AND ENACTED by the Board of Directors, South Tahoe Public Utility District'at its Regular Meeting on the 16t" day of May, 2002, by the following vote: AYES: Directors Jones, Schafer, Mosbacher NOES: Directors Wallace, Becket ABSENT: ~one Duane Wallace, President of the Board South Tahoe Public Utility District ATTEST: Kathy Shar ,~lerk of the Board and Ex-officio Secretary of the Board of Directors -3- EXHIBIT A 3.6 Methyl Tertiary Butyl Ether (MTBE) Contamination Fund. 3.6.1 Policy and Purpose. The purpose of this section is to restrict the use of funds received by the District from MTBE contamination settlements and judgement(s) for use in addressing damages caused by MTBE contamination of groundwater resources and the Water System. It is essential that the District manage these financial resources to ensure that these funds are available to address damages caused by MTBE contamination, now and in the future. 3.6.2 Separate Accounting Fund. The funds collected by the District as a result of action titled South Tahoe Public Utility District v. ARCO Chemical Company, et al., San Francisco County Superior Court Case No. 999128 (Action), whether from settlements, judgements or otherwise, shall be restricted by the District for the uses described in section 3.6.3, below. The Chief Financial Officer of the District shall establish a separate accounting fund within the Water Enterprise Fund for funds received from the Action. This separate accounting fund shall be titled the MTBE Contamination Fund. 3.6.3 Use of MTBE Funds. The funds received by the District from the action shall be deposited in the MTBE Contamination Fund and used solely and exclusively for the costs and expenses associated with addressing damages from MTBE Contamination of groundwater resources and the Water System. These costs and expenses include, but shall not be limited to, the following: a. Capital costs for land, improvements to land, easements, buildings, building improvements, wells, replacement water supplies, water lines, vehicles, machines, equipment, and all other tangible or intangible assets that are used in operations; b. Operating costs such as public and private utility costs, chemicals and other supplies, consulting costs, lobbying, legal expenses and fees, and laboratory costs and supplies; c. District staff labor and related overhead costs; SB 296394 v1:007627.0077 d. All costs related to borrowing of funds such as interest expense, loan fees and similar customary costs; and, e. Other related costs and expenses as determined by the District. 3.6.4 Annual Report. The District shall prepare an annual report on the status of the MTBE Contamination Fund. The report shall include, in addition to those matters required by Generally Accepted Accounting Principles, a detailed description of the funds actually used or committed to be used over the past year, estimated budget for anticipated uses of the funds for the period consistent with the District's Five-Year Forecast, and any other related information the District determines reasonable or necessary. The report shall be presented to the District's Board of Directors during a noticed regular public meeting of the District's Board of Directors as part of the normal annual budget process. 3.6.5 Rules and Regulations. The District shall have the authority to promulgate rules, regulations and procedures to implement and carry out the intent and purpose of this section, provided such rules, regulations and procedures are consistent with this section. 3.6.6 Amendment/Modification/Termination. This Section 3.6 may be amended, modified or terminated by the District at any time after its adoption by no less than an affirmative vote of four of the District's five Board of Directors. Amendments, modifications or termination shall be considered and approved, or disapproved, only at a noticed regular public hearing by the District's Board of Directors. SB 296394 vl: 007627.0077 3079 Harrison Avenue, South Lake Tahoe, CA 96150 (775) 881-1201 Account Number: #01100972 South Tahoe Public Utility 1275 Meadow Crest Drive South Lake Tahoe, CA 96150 AC.,ooUNTS pAYA $ ~T.P.U TERRY DIXON says: That (s)he is a legal clerk of the 'rAHOE DAILY TRIBUNE, a daily newspaper published at South Lake Tahoe, in the State of California. Ordinance of South Tahoe Public Utility Dist. Ordinance No. 482-02 Ad#03508426 of which a copy is hereto attached, was published in said newspaper for the full required period of I time commenc- ing on May 27, 2002 and ending on May 27, 2002, both days inclusive. Signed: STATEMENT: Date 5/27/O2 Amount $263.14 Credit Balance $263.14 Statement of Publication. A. ORDINANCE OF TME SOUTH TA"O UB UTILITY DISTRICT TO ADD SECTION 3.6 TO DIVISION 3 OF THE ~,DMINISTRATIVE COOE RESTRICTING THE U~E OF FUNDS RECEIVED FROM MTBE SETTLEMENTS AND ~ IE IT ENACTED by the Board of Directors of the South TahOe Public Utility . :" District (DiStrict), (3ounty of El Dorackl, State of Califor. nla, as fOllows: _.. ,~.~2~~''~ I 8BCTIuN m -},{~2Jm~ I AND PURPOSE The purp°se of this Ordinance is to restriCt the use ofl funds recsived by the District methyl tertiary butTI eth~erl MTBE) contamination settlements and judgements fo.rI :~se in addressing damages caused by IVlTBE _contam~-~ ~ation to groundwater resources and t~he Water System. SEC~N II - FINDIN61$ The Board of Directors.of the South Tahoe Public UtilityI Diatrict,:County of El I Dorado, State o~' California, make the following findings: 1. Groundwater resources are the sole water supplyl .source for the Diat~tct to obtain Potable Water for usebyI ~ustomars, w$115 extract Potable Watsr, have be~n and continue to ~e subject to contamination from MTBE, n. otwithstanding ~fforts to prevent such contamination, an~ praseflt a ma- terial risk of harm to the District's groundwater raseurcas and {ts ability to. provide safe and rel{abia drinking Wat®r ~o its customersi :3. The District mnitiated an actien entitled South Tahoe Public Utility DiStrict v. ARGO Chemical Company, ~t al., San FranciSCO County Superior Court Case No. 999128 (Action) to reCOver damages related to ..M~'. BE _contamin- at on of groundwater resources and the water System;. 4. The cost and ~xp®nse of addressing MTBE COntami- nation of groundwater resources and the water System. are Uncertain since MTBE contamination of the grouno- water basin water is wide-sPread; 5. In Ord.er to ensure that funds received by the Districl as a result of the Action whether from settlement, judge. rnent($) or othem~iae, are used responsibly and eolely roi '~ddrassing~the damages from MTBE contamination, th{ Board of Directors desires to 'segregate the funds re- oeived by R as a result of the Action to pay for cost and expenses associated With damages from .M..T.BF~contam- lnatior{ of groundwater resources and the water-~ystem; 6. Th~ District must enact ar~ ordinance {n Order to seg. regate and rastdct these funds pursuant to Generally Ac- cepted AcCOunting Princip{es; and, 72 The Board of Dir$ctor~ dst®rmines that it is in the best {ntsrast of the District to enact this Ordinance to ensure that funds rece{ved as a result of the Action are available to address damages from MTBE COntamination of groundwater resources and the Water System, now andin the future. · SmmCTiON I1{ - SEc'rmoN 8,8 4DD{D TO N{CTION 8 OF THE ADMINISTRATIVE CODE This Ordinance alkali add SeCtion 3.6 Methyl Tertiary Bu- tyl Ether (MTBE) Contam{na_tion Fund (subsections. 3..6..1 through 3.6.6 inclusive) to ~ection 3 of the District's ministrative Code, the terms of Wh ch ara'set forth in the attaehed Exhibit A m~t~rated by ~b. is reference. IV - SEV E"R-A~ILI~r'¥: If any section, aub. sectiOn,.?bd_M?.ion, parag.ra, ph., s~n, l~, clatise Or pnase of this ucdinance aha ~s imp e- tenting jules and. reg.ulat~.ns la for ar~.y, reason held · unc~natitutldnal or Invafio, such declsior) shall not al- )ct the Validity Of the remaining portions of this Ordi- ance or the Administrative Code. The BOard of Direc- tors declares and determines that it would liave passed section, subsection, subdivision paregraph~ sentence, Clause or phrase thereof of this Ordinanoe and its implei meriting rules and regulations and the Administrative Code irrespective of the fact that any one, or more sec. tions, subsections, subdivisions, paragraphs, sentences, clauses or phrases may be determined to be unconstitu- tiOnal or inValid. SECTION IV - EFFECTIVE DATE This Ordinance shall be effective thirty'(30) days after, itt g.ssage. $$ED AND ENACTED by the Board of Directors, South Tahoe Public Utility District at its Regular Meeting on the 'i6 th day of May,. 2002, by the following vote: AYES: Directors Jones, Schafer, Mosbacher -NOES: Directors, Wallace, Becker ABSENT: None rs/[;)usna Wallace. President of the Board South Tahoe Public Utility District ATTEST: !~/KartS/Sharp;' ' Clerk of the Boe~ and / . Ex-offk~o 8eoretary of the Board of D~rectors EXHIBIT A Ikm FuIM. - AFFIDAVIT OF POSTING State of California ) )ss County of El Dorado ) ,t~~j,0, ~\~ r'~., being first duly sworn, deposes and says: That for and on behalf of the Clerk of Board of the SOUTH TAHOE PUBLIC UTILITY DISTRICT, affiant posted copies of (~'~ ('~)-~cc~O~ln form attached hereto and by reference made a part hereof, in four (4) publically accessible locations in the District as follows: South Tahoe Public Utility District 1275 Meadow Crest Drive South Lake Tahoe, CA Al Tahoe Post Office Station 1046 Al Tahoe Boulevard South Lake Tahoe, CA o City of South Lake Tahoe Services Center 1900 Lake Tahoe Boulevard South Lake Tahoe, CA 2o Black Bart Post Office Substation Black Bart Avenue at Pioneer Trail South Lake Tahoe, CA That said posting was completed on the ~ day of Subscribed and sworn to me this day of 2O Clerk of the Board SOUTH TAHOE PUBLIC UTILITY DISTRICT