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RES 2010-97 - 14775RESOLUTION NO. 2010 - 97 RESOLUTION PROVIDING FOR WATER 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, it is necessary to provide an increase of revenue in order to achieve the breakeven point within the Water fund for 2011; and WHEREAS, given the current economic climate, a determination was made to limit water rate increases to five percent; and WHEREAS, this limit will result in a net loss of approximately $126,000 and will reduce cash reserves by $668,000; and WHEREAS, future annual increases are necessary to maintain the solvency of the Water 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 water rate schedule for all customers shall be as follows for the year 2011: 2011 Rate and Structure Residential Fixed Charge Volume Rate per 1,000 Gallons Actual Consumption (Quarterly 0- 20,000) $10.50 $1.19/1000 gallons Actual Consumption (Quarterly 20,001- 40,000) $10.50 $1.31/1000 gallons Actual Consumption (Quarterly 40,001- 60,000) $10.50 $1.44/1000 gallons Actual Consumption (Quarterly 60,001 - unlimited) $10.50 $1.5511000 gallons Commercial Actual Consumption (Quarterly 0- 40,000) $10.50 $1.44/1000 gallons Actual Consumption (Quarterly 40,001- 250,000) $10.50 $1.61/1000 gallons Actual Consumption (Quarterly 250,001 - 500,000) $10.50 $1.79/1000 gallons Actual Consumption (Quarterly 500,001- 1,000,000) $10.50 $1.96/1000 gallons Actual Consumption (Quarterly 1,000,001 - unlimited) $10.50 $2.14/1000 gallons PASSED AND ADOPTED BY THE CITY COUNCIL OF THE CITY OF FRIDLEY THIS 13th DAY OF DECEMBER, 2010. SCOTT J. LUND - MAYOR ATTEST: kd'44vm� DEBRA A. SKO - CITY CLERK