HomeMy WebLinkAboutCouncil Resolution 1440 RESOLUTION NO.
A RESOLUTION OF THE CITY OF CENTRAL POINT
SETTING INFLATIONARY WATER RATE ADJUSTMENT
Recitals:
A. In March 2013, the City of Central Point conducted an update to the 2009
water rate study. Based on the findings of that study it was determined that in
the best interest of the City's water utility service, business water rates will be
amended annually based upon annual growth, Capital Improvement needs,
and loan requirements.
B. In March 2013, a study by Financial Consultant Services (FCS) Group, Inc.
determined that rates needed to stabilize the fund are equal to 1% based
upon 2015/2016 water consumption. The rate is equivalent to $0.15 on the
base rate.
The City of Central Point resolves as follows:
Section 1. Effective April 1, 2016, the City of Central Point Water Rates shall increase
by $0.15 to the base rate as recommended by the 2009 water rate study.
Passed by the Council and signed by me in authentication of its passage this I t kday
of Fe ry, 2015.
Mayor Hank Williams
ATTEST:
City Recorder