6757-92 Establish Water Rates & Provide for Homestead Exempt

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PLACED ON "iST READING" AND REFERRED TO FINANCE Committee on 9/21/9~. Placed on "2nd Reading" on 11/2/9 RESOLUTION NO. 6757-92 BY: Boscia, Gallagher, George, Gibbons, Roth, Seelie, Smith A RESOLUTION authorizing and directing the Director of Public Works to establish water rates for the years beginning January 1, 1993; January 1, 1994; and January 1, 1995 and to provide for a Special Homestead exemption. WHEREAS, sufficient revenues are required to recover costs budgeted for the operation of the Water Divison in 1993, 1994, and 1995, and WHEREAS, sufficient dollars are required to meet scheduled debt service costs, and WHEREAS, adequate revenue is required to provide sufficient dollars to reimburse the General Fund for advances and internal service costs, and WHEREAS, in order to offset the aforementioned increases in the water charges to the City as well as continuing general increases in cost of operation, it is necessary for the City to increase the rates charged to its consumers; now, therefore, BE IT RESOLVED BY THE CITY OF LAKEWOOD, STATE OF OHIO: Section 1. That the Director of Public Works be and he is hereby authorized and directed to establish water rates charged by the Lakewood Division of Water effective January 1, 1993, as follows: (1) The minimum charge for the first 1,000 cubic feet or less of water used during each one or three month billing period s~all not exceed TWENTY THREE DOLLARS AND NO CENTS ($23.00). (2) All water used in excess of 1,000 cubic feet during each one or three month billing period shall cost not more than 230.0¢ (2.300) per one hundred cubic feet. Section 2. That the Director of Public Works be and he is hereby authorized and directed to establish water rates charged by the Lakewood Division of Water effective January 1, 1994, as follows: (1) The minimum charge for the first 1,000 cubic feet or less of water used during each. one or three month billing period shall not exceed TWENTY FIVE DOLLARS AND NO CENTS ($25.00). (2) All water used in excess of 1,000 cubic feet during each one or three month billing period shall cost not more than 250.0¢ (2.500) per one hundred cubic feet. Section 3. That the Director of Public Works be and he is hereby authorized and directed to establish water rates charged by the Lakewood Division of Water effective January 1, 1995, as follows: (1) The minimum charge for the first 1,000 cubic feet or less of water used during each one or three month billing period shall not exceed TWENTY SEVEN DOLLARS AND NO CENTS ($27.00). (2) All water used in excess of 1,000 cubic feet during each one or three month billing period shall cost not more than 270.0¢ (2.700) per one hundred cubic feet.