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RES 2008-68 - 14570RESOLUTION NO. 2008 - 68 RESOLUTION PROVIDING FOR WATER STRUCTURE AND RATE CHANGE WHEREAS, Section 402.13 of the City Code provides that the City Council shall have the authority to set water rates by resolution, and WHEREAS, the Minnesota Statutes, section 103G.291, was amended in 2008 requiring that public water suppliers serving more than 1,000 people adopt water rate structures that encourage conservation by January 1, 2010, and WHEREAS, the City Council has studied its current water rate structure and finds that it is not in compliance with the newly enacted changes to Minnesota Statutes, section 103G.291, and WHEREAS, the City conducted a study of various rate structures in order to be compliant with a conservation rate structure and continue to provide sufficient revenues to cover the cost of delivering water to homes and businesses within the City of Fridley, and WHEREAS, the study identified a number of continuing major capital improvements that are necessary for the cost effective delivery of water to those homes and businesses served by the system, and WHEREAS, the revenues provided through a new rate structure must be sufficient to provide for the increased cost of these capital improvements, and WHEREAS, it is necessary to provide an increase of revenue in order to replenish the cash balance to provide for adequate cash flow and avoid future short term borrowing, and WHEREAS, the following conservation based rate structure and rates are to be effective with the January, 2009 billing. NOW THEREFORE, be it resolved, that the following water rate schedule for all customers shall be as follows All Customers Fixed Charge $9.50 /Quarter WATER RATE SCHEDULE — RESIDENTIAL (Includes single family homes, multiple dwellings, non profits, and manufactured home parks) 0 — 20,000 gallons $1.08/1,000 gallons 20,001 — 40,000 gallons $1.19/1,000 gallons 40,001 — 60,000 gallons $1.30/1,000 gallons 60,001— Unlimited gallons $1.41/1,000 gallons WATER RATE SCHEDULE — COMMERCIAL 0 — 40,000 gallons $1.30/1,000 gallons 40,001 — 250,000 gallons $1.46/1,000 gallons 250,001 — 500,000 gallons $1.62/1,000 gallons 500,001 — 1,000,000 gallons $1.78/1,000 gallons 1,000,001— Unlimited $1.94/1,000 gallons PASSED AND ADOPTED BY THE CITY COUNCIL OF THE CITY OF FRIDLEY THIS 15th DAY OF DECEMBER, 2008. AVOTMPP�' SCOTT "'J. LUND - MAYOR ATTEST: bd-4477� DEBRA A. SKOGEN - VFY CLERK