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RES 2011-66 - 14882RESOLUTION NO. 2011 - 66 RESOLUTION PROVIDING FOR WATER RATE CHANGE WHEREAS, Section 402.20 of the City Cade provides that the City Council shall have the authority to set water rates by resolution; and WHEREAS, it is necessary to provide an increase of revenue in order to achieve the breakeven paint within the Water Fund for 2012; and WHEREAS, this year's recommended rate increase will not achieve the Fund's breakeven paint for 2012, the rate increase will move the fund closer to breaking even in the near future; and WHEREAS, this rate increase will still result in a net lass of approximately $163,000; and WHEREAS, future annual increases are necessary to achieve long -term solvency of the Water Fund; and WHEREAS, the fallowing rate structure and rates are to be effective with the first billing in 2012. NOW THEREFORE, be it resolved, that the fallowing water rate schedule for all customers shall be as follows for the year 2012: 2012 Rate and Structure Residential Fixed Charge Volume Rate per 1,000 Gallons Actual Consumption (Quarterly 0- 20,000) $11.35 $1.28/1000 gallons Actual Consumption (Quarterly 20,001- 40,000) $11.35 $1.42/1000 gallons Actual Consumption (Quarterly 40,001- 60,000) $11.35 $1.5511000 gallons Actual Consumption (Quarterly 60,001 - unlimited) $11.35 $1.68/1000 gallons Commercial Actual Consumption (Quarterly 0- 40,000) $11.35 $1.5511000 gallons Actual Consumption (Quarterly 40,001- 250,000) $11.35 $1.74/1000 gallons Actual Consumption (Quarterly 250,001- 500,000) $11.35 $193/1000 gallons Actual Consumption (Quarterly 500,001 - 1,000,000) $11.35 $2.12/1000 gallons Actual Consumption (Quarterly 1,000,001- unlimited) $11.35 $2.31/1000 gallons PASSED AND ADOPTED BY THE CITY COUNCIL OF THE CITY OF FRIDLEY THIS 12th DAY OF DECEMBER, 2011. A V. SCOTT JVLUND - MAYOR ATTEST: DEBRA A. SKOG - CITY CLERK