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56 <br /> <br /> (4) Sewer rates shall be set at a level to meet debt service <br /> requirements and to provide adequate annual capital replacement <br /> accruals; (5) The City shall establish and maintain a separate <br /> Sewer Capital Improvement Fund and a Sewer Capital Replacement <br /> Fund; (6) The Sewer Capital Improvement Fund shall be funded <br /> primarily by connection fees, and will provide for future expansion <br /> of the sewer utility; (7) The Sewer Capital Replacement Fund shall <br /> be funded primarily by replacement accruals charged to existing <br /> users through the sewer rate structure; (8) To construct <br /> replacement and expansion facilities, the City may utilize other <br /> financing alternatives such as debt financing, and seek other <br /> funding sources such as development exactions; and (9) In addition <br /> to the specific financial policies stated above, the Sewer <br /> enterprise funds are subject to the "Financial Policies of the City <br /> of Pleasanton" which were adopted by Resolution No. 90-131. <br /> The roll call vote was as follows: <br /> AYES: Councilmembers Mohr, Scribner, Tarver and Mayor Mercer <br /> NOES: None <br /> ABSENT: Councilmember Butler <br /> ABSTAIN: None <br /> <br /> Item 6c2 <br /> Adjustments to Water Rates and Charqes (SR 91:75) <br /> <br /> Mr. Mercer declared the public hearing open on the <br /> application. <br /> <br /> There being no testimony, Mr. Mercer declared the public <br /> hearing closed. <br /> <br /> Mr. Mercer noted that the water rates of schools would receive <br /> a substantial percentage increase, no matter which alternative was <br /> approved, which would eventually be passed on to residential tax <br /> payers. He stated that passing on this increase to businesses <br /> would create less impact on the community. <br /> <br /> Ms. Acosta indicated that staff is currently studying the <br /> issue and would prepare a report for the next Council meeting. She <br /> requested Council to adopt the water fees and policy at this time <br /> since no significant rate adjustment would be necessary for the <br /> proposed change. <br /> <br /> Mr. Tarvet inquired where the $400,000 would come from to pay <br /> for a completed well to pump an additional 4,000,000 gallons. <br /> <br /> Ms. Acosta replied that the staff would have to figure the <br /> cost into the overall budget since the pump would be utilized by <br /> the entire system. <br /> <br /> - 6 - <br /> 3-5-91 <br /> <br /> <br />