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formula which lessens any disincentive for those agencies which <br />reduce demand on the San Francisco system through development of <br />alternative sources or conservation. <br />• It authorizes the "banking" of water savings by those agencies which <br />are able to use less water than the amount allocated. <br />• It creates flexibility by allowing the transfer of a portion of any agency's <br />allocation, as well as of its "banked" water, to other Suburban <br />Purchasers. <br />• It remains in effect until September 2009, and may be reevaluated at <br />that time, concurrently with the expiration of the Master Contract; and <br />WHEREAS, on October 24, 2000, the SFPUC enacted Resolution No. 00 -0244 <br />which adopted the Interim Water Shortage Allocation Plan between the SFPUC and the <br />Suburban Purchasers (the "Tier One" Plan). <br />NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of <br />Redwood City as follows: <br />1. The Interim Water Shortage Allocation Plan, consisting of both the Tier One <br />and Tier Two Plans, copies of which are attached hereto as Exhibits A and B, <br />respectively, is approved. <br />2. This approval is conditioned upon (a) the SFPUC and each of the other 29 <br />Suburban Purchasers approving the "Tier One" Plan and (b) all of the other 29 <br />Suburban Purchasers approving the "Tier Two" Plan, such approvals being evidenced <br />through adoption of similar resolutions or other equivalently binding written <br />commitments, and all such approvals occurring on or before July 31, 2001. <br />R -1150 <br />Ush /sh /RC /Council <br />FXS:rg <br />05/08/01 <br />3 <br />14225 <br />