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RES 2010-95 - 14773RESOLUTION NO. 2010 - 95 RESOLUTION PROVIDING FOR SEWER RATE CHANGE WHEREAS, Section 402.13 of the City Code provides that the City Council shall have the authority to set sewer rates by resolution, and WHEREAS, it is necessary to provide an increase in revenue in order to achieve the breakeven point within the Sewer fund; and WHEREAS, given the current economic climate, a determination was made to limit sewer increases to five percent; and WHEREAS, this limit will result in a net loss of approximately $394,000 and will reduce cash reserves by $321,000; and WHEREAS, future annual increases are necessary to maintain the solvency of the Sewer fund; and WHEREAS, the following rate structure and rates are to be effective with the first billing in 2011. NOW THEREFORE, be it resolved, that the following sewer rate schedule for all customers shall be as follows: Property Class Consumption Basis Fixed Charge Volume Charge Single Family Winter Quarter Water Usage $8.15 $3.47/1,000 gallons Commercial Current Quarter Water Usage $8.15 $3.47/1,000 gallons Non -Profit Current Quarter Water Usage $8.15 $3.47/1,000 gallons Multiple Dwellings Winter Quarter Water Usage $8.15 $3.47/1,000 gallons Manufactured Home Park Winter Quarter Water Usage $8.15 $3.47/1,000 gallons PASSED AND ADOPTED BY THE CITY COUNCIL OF THE CITY OF FRIDLEY THIS 13th DAY OF DECEMBER, 2010. SCOTf J. LUND - MAYOR ATTEST: DEBRA A. SKOGEN OCITY CLERK