CCMIN030591 - Laserfiche WebLink

57 It was moved by Ms. Mohr, and seconded by Ms. Scribner, that Resolution No. 91-29 be adopted, amending Resolution No. 77-123, concerning establishing fees and charges for various municipal services of the City of Pleasanton, to provide for increases in water rates and charges for 1991 and 1992, as described in Exhibit A of the Staff Report; approving Alternative 4 to encourage immediate drought conservation; and authorizing the Director of Finance to temporarily advance funds to the Water M & O Fund to meet cash flow requirements and to create a separate Water Capital Replacement Fund and retitle the existing Water Capital Improvement Fund to the Water Expansion Fund, as set forth in the Staff Report. The roll call vote was as follows: AYES: Councilmembers Mohr, Scribner, Tarver and Mayor Mercer NOES: None ABSENT: Councilmember Butler ABSTAIN: None It was then moved by Ms. Mohr, and seconded by Ms. Scribner, that Resolution No. 91-30 be adopted, approving the Administrative Policy statement regarding Water Rates and Charges, as follows: (1) The City shall operate the Water Utility on an enterprise basis, whereby' the costs of service are borne entirely by the users; (2) The City shall maintain adequate reserves in the Water Maintenance and Operations (M & O) Fund to meet cash flow requirements and contingencies; (3) The City shall perform a water rate studyat least bi-annually which determines water rates based on a cost of service analysis; (4) The water raterstructure shall be designed to provide a balance between revenue stability and water conservation; (5) Water rates shall be set at a level to meet debt service requirements and to provide adequate annual capital replacement accruals; (6) The City shall establish and maintain a separate Water Expansion Improvement Fund and a Water Capital Replacement Fund; (7) The Water Expansion Fund shall be funded primarily by connection fees, and will provide for future expansion of the water system; (8) The Water Capital Replacement Fund shall be funded primarily by replacement accruals charged to existing users through the water rate structure; (9) To construct replacement and expansion facilities, the City may utilize other financing alternatives such as debt financing, and seek other funding sources such as development exactions; and (10) In addition to the specific financial policies stated above, the Water enterprise funds are subject to the "Financial Policies of the City of Pleasanton" which were adopted by Resolution No. 90-131. The roll call vote was as follows: AYES: Councilmembers Mohr, Scribner, Tarvet and Mayor Mercer NOES: None ABSENT: Councilmember Butler ABSTAIN: None - 7 - 3-5-91