RES 2011-68 - 14884RESOLUTION NO. 2011 -68
RESOLUTION PROVIDING FOR A STORM
WATER DRAINAGE RATE INCREASE
WHEREAS, Section 402.20 of the City Cade provides that the City Council shall have the
authority to set the storm water drainage fee by resolution; and
WHEREAS, it is necessary to provide an increase of revenue in order to achieve the breakeven
paint within the Storm Water fund for 2012; and
WHEREAS, this year's recommended rate increase will not achieve the fund's breakeven paint
for 2012, it will move the fund closer to breaking even in the near future; and
WHEREAS, this limit will result in a net lass of approximately $26,000; and
WHEREAS, future annual increases are necessary to achieve long -term solvency of the Sewer
fund; and
WHEREAS, the new rate is to be effective with the first billing in 2012.
NOW THEREFORE, be it resolved, that the fallowing storm water drainage rate for all
customers shall be $13.62 per quarter per REF -acre.
PASSED AND ADOPTED BY THE CITY COUNCIL OF THE CITY OF FRIDLEY THIS 12th
DAY OF DECEMBER, 2011.
SCOTT J. f-UND - MAYOR
ATTEST:
DEBRA A. SKOGEN - VITY CLERK