HomeMy WebLinkAboutCC Res 3342 1983-11-28
RESOLUTION NUMBER P~~.::u
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
SEAL BEACH, CALIFORNIA, ESTABLISHING WATER SERVICE
RATES AND RESCINDING RESOLUTION NUMBER 3232
THE CITY COUNCIL OF THE CITY OF SEAL BEACH DOES HEREBY RESOLVE:
WHEREAS, Section 26-8 of the Code of the City of Seal Beach does
provide that minimum monthly rates for water service,
a specified quantity of water to be furnished with the
.minimum monthly rate, and additional charge for water
used in excess of said specified quantity of water be
established and fixed by resolution.
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NOW, THEREFORE, BE IT RESOLVED that the following water service
rates are hereby established and fixed as follows:
1. Where water is furnished through a meter, the monthly
minimum rate to be charged for each meter installed
shall be Five Dollars and Twenty Cents ($5.25).
2. The monthly minimum rate to be charged for water
furnished through meters shall be for the use of
the first seven hundred cubic feet (700 c.f.), or
part thereof, of water furnished through such meter.
3. All water furnished through each meter in excess of
the first seven hundred cubic feet (700 c.f.) shall
have an additional charge of Seventy five cents
($.75) for each additional one hundred cubic feet
(100 c.f.) or part thereof, for the next one million
cubic feet (1,000,000 c.f.).
4. For each additional one hundred cubic feet (100 c.f.)
above the first one million seven hundred cubic feet
1,000,700 c.f.), the rate shall be eighty-seven percent
(87%) of the rate charged for the first one million
seven hundred cubic feet (1,000,700 c.f.).
BE IT FURTHER RESOLVED that the future water service rates shall be
established in the following manner:
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5. By October 1, 1984 and each succeeding year, the City
shall have prepared a Water Utility Financial Report
that shall be an accounting of the revenues and
expenditures for the past fiscal year ending June 30th.
Based upon the Water Utility Financial Report, the City
Manager shall establish water service rates that will
assure sufficient funds for annual capital improvements
and maintenance of the water system. The water service
rates shall provide water revenues in an amount which
provides for depreciation of the water system in the
form of a fixed asset expense cost of $423,500 per year
beginning July 1, 1987 and each year thereafter. The
fixed asset expense cost for each year prior to that
shall be as follows:
Fiscal Year Fixed Asset Expense
1983/84
1984/85
1985/86
1986/87
$197,130
282,380
279,480
312,580
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The fixed asset expense shall be over and above water
utility expenditures including, but not limited to
operational and administration expenses, bond debt
service and loan repayments.
6. By October 15, 1984 and each succeeding year, the City
Manager shall submit the Water Utility Financial Report
and proposed water service rates to the City Council for
their review and approval.
Resolution Number ~~~
7. By December 1. 1984 and each succeeding year, the
City Manager shall notify the public of the new
water service rates.
8. On January 1, 1985 and each succeeding year, the
new water service rates shall become effective.
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BE IT FURTHER RESOLVED that Resolution Number 3232 is hereby rescinded
and that the aforementioned water rates and quantities set forth shall
become effective on the 1st day of February, 1984. Until such date,
the existing water rates shall remain effective.
PASSED, APPROVED and ADOPTED by the City Council of the City of Seal.
Be, at al,egular meeting thereof held on the ,x8!t day of
lu.;; ~3. 'Y t~"",;,g "~ ~
AYES: Councilmember- I ,n",~ ~~). ~ 'Mi~.'Il
NOES: Councilmembers V' ~
ABSENT: Counci 1 members
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STATE OF CALIFORNIA)
COUNTY OF ORANGE ) SS
CITY OF SEAL BEACH )
I, Joanne M. Yea, City Clerk of the City of Seal Beach, California,
do hereby certify that the foregoing resolution is the original
copy of Resolution Number .s~,,~on file in the office of the City
Clerk, passed, approved and adopted by the City Council of~e City
of ~each a~regular meeting thereof held on the Z1 (,t day
"I i<_h'ih3. -""
1 Y Clerk
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