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DRAFT <br /> <br />F:kAttorney\LisahResolutions\CURRENT\Water&Sewer Rate Res.wpd <br /> April 11, 2003 <br /> <br />RESOLUTION NO. <br /> <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PARIS, <br />PARIS, TEXAS, ACCEPTING THE FINDINGS OF A WATER AND SEWER <br />RATE STUDY PERFORMED BY REED, STOWE & YANKE, INC.; <br />AUTHORIZING THE IMPLEMENTATION OF SAID RATES FOR <br />CONTRACTED WATER CUSTOMERS; MAKING OTHER FINDINGS AND <br />PROVISIONS RELATED TO THE SUBJECT; AND DECLARING AN <br />EFFECTIVE DATE. <br /> <br /> WHEREAS, the City of Paris contracted for a comprehensive water and sewer rate study <br />to be performed by Reed, Stowe & Yanke, Inc., professional consultants; and, <br /> <br /> WHEREAS, on the 17th day of March, 2003, the City Council of the City of Paris received <br />said water and sewer rate study prepared by Reed, Stowe & Yanke; and, <br /> <br /> WHEREAS, the substance of said study indicated the residential and commercial rates for <br />water and sewer service established by ordinance by the City of Paris needed to be raised an <br />appropriate amount to offset increased costs of operation of the water and sewer systems; and, <br /> <br /> WHEREAS, the aforesaid water and sewer rate study also indicated the amounts paid by <br />contracted water customers of the City of Paris needed to be adjusted to new rates in accordance with <br />the terms and provisions of said contracts; and, <br /> <br /> WHEREAS, the City Council desires to accept said water and sewer rate study prepared by <br />Reed, Stowe & Yanke and to authorize the implementation of the water rate adjustments <br />recommended therein for contracted water customers of the City of Paris; NOW, THEREFORE, <br /> <br /> BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PARIS, PARIS, <br />TEXAS: <br /> <br /> Section 1. That the findings set out in the preamble to this resolution are hereby in all things <br />approved. <br /> <br /> Section 2. That the water and sewer rate study performed by Reed, Stowe & Yanke, <br />professional consultants, as the same was presented to the City Council of the City of Paris on March <br />17, 2003, a copy of which is attached hereto as Exhibit A and for all purposes incorporated herein, <br />shall be and is hereby accepted. <br /> <br /> <br />