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04-A Water&Sewer Rate StudyDRAFT F:kAttorney\LisahResolutions\CURRENT\Water&Sewer Rate Res.wpd June 9, 2003 RESOLUTION NO. A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PARIS, PARIS, TEXAS, ACCEPTING THE FINDINGS OF A WATER AND SEWER RATE STUDY PERFORMED BY REED, STOWE & YANKE, INC.; AUTHORIZING THE IMPLEMENTATION OF SAID RATES FOR CERTAIN CONTRACTED WATER CUSTOMERS; MAKING OTHER FINDINGS AND PROVISIONS RELATED TO THE SUBJECT; AND DECLARING AN EFFECTIVE DATE. WHEREAS, the City of Paris contracted for a comprehensive water and sewer rate study to be performed by Reed, Stowe & Yanke, Inc., professional consultants; and, WHEREAS, on the 17th day of March, 2003, the City Council of the City of Paris received said water and sewer rate study prepared by Reed, Stowe & Yanke; and, WHEREAS, the substance of said study indicated the residential and commercial rates for water and sewer service established by ordinance by the City of Paris needed to be raised an appropriate amount to offset increased costs of operation of the water and sewer systems; and, WHEREAS, the aforesaid water and sewer rate study also indicated the amounts paid by contracted water customers of the City of Paris needed to be adjusted to new rates in accordance with the terms and provisions of said contracts; and, WHEREAS, the City Council desires to accept said water and sewer rate study prepared by Reed, Stowe & Yanke and to authorize the implementation of the water rate adjustments recommended therein for certain contracted water customers of the City of Paris, save and except those rates applicable to Campbell Soup Company, which shall be governed by a subsequent separate new contract; NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PARIS, PARIS, TEXAS: Section 1. That the findings set out in the preamble to this resolution are hereby in all things approved. Section 2. That the water and sewer rate study performed by Reed, Stowe & Yanke, professional consultants, as the same was presented to the City Council of the City of Paris on March 17, 2003, a copy of which is attached hereto as Exhibit A and for all purposes incorporated herein, shall be and is hereby accepted. Section 3. That the Director of Finance of the City of Paris shall be, and is hereby, authorized to implement those rate adjustments recommended by said Water and Sewer Rate Study for the cost of water provided by the City of Paris to its contracted customers, such rate adjustments to be implemented in accordance with said contracts, for Tenaska III, Lamar County Water Supply District, Lamar Power Partners, and Marvin, Jennings, Clardy Water Supply Corporation, with any adjustments for Campbell Soup to be deferred pending negotiation, preparation, and approval of a new water purchase contract Section 4. That, as a result of said recommended rate adjustments, the volumetric rate for Tenaska II! shall be and is hereafter adjusted to $0.72 per hundred cubic feet of water; the volumetric rate for Lamar County Water Supply District for water taken at the intake point at the treatment plant, shall be and is hereafter adjusted to $0.56 per hundred cubic feet of water; the volumetric rate for Lamar County Water Supply District for water taken from the distribution system shall be and is hereafter adjusted to $1.64 per hundred cubic feet of water; the volumetric rate for raw water taken by Lamar Power Partners shall be and is hereafter adjusted to $0.22803 per thousand gallons of water; and the volumetric rate for Marvin, Jennings, Clardy Water Supply Corporation, adjusted for CPI inflation, shall be and is hereafter continued at the rate of $2.32 per thousand gallons of water. Section 5. That this resolution shall be effective from and after its date of passage. PASSED AND APPROVED this 16th day of June, 2003. Curtis Fendley, Mayor ATTEST: Mattie Cunningham, City Clerk APPROVED AS TO FORM: Larry W. Schenk, City Attorney