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HomeMy WebLinkAboutCouncil Resolution 1439 RESOLUTION NO. / -U A RESOLUTION OF THE CITY OF CENTRAL POINT SETTING WATER RATES AS PER MEDFORD WATER COMMISSION RATE ANALYSIS Recitals: A. In October of 2015 the Medford Water Commission completed a new rate analysis. The analysis stated that the Commission needed to raise rates to the other cities group by a combined rate of 13% for wholesale water purchases in order to raise enough revenue for the operations and capital improvements. B. In November of 2015 the Central Point City Council recommended a rate methodology to pass along the increase to the residents and businesses of the City of Central Point. The methodology included a $0.50 base rate increase and a 3% increase to the tier rates. The City of Central Point resolves as follows: Section 1. Effective January 1, 2016, the City of Central Point water base rate shall increase by $0.50 and each tier will increase by 3% to cover the 13% increase implemented by the Medford Water Commission. Passed by the Council and signed by me in authentication of its passage this day of December 10, 2015. Mayor Hank Williams ATTE' City Recorder �n� v