HomeMy WebLinkAbout92-096ARESOLUTION NO. 92-96
A RESOLUTION ESTABLISHING A REVIEW OF UTILITY RATES NO
LESS THAN ONCE EVERY TWO YEARS AND CITY FEES AND
CHARGES NO LESS THAN ONCE EVERY YEAR.
WHEREAS, The City is responsible for providing water, sewer and stormwater utility
services; and
WHEREAS, The City is required to responsibly provide funding for utility service; and
WHEREAS, Utility financial planning needs to be conducted frequently enough to address
inflation, operation and maintenance, and capital improvement requirements; and
WHEREAS, Past utility financial planning practices did not periodically review the
financial situation of the utilities,
WHEREAS, The City has established certain fees and charges for various services,
N O W T H E R E F O R E
BE IT RESOLVED THAT THE CITY COUNCIL OF THE CITY OF PORT TOWNSEND
determines that utility financial planning is a critical need in order to adequately plan for
inflation, operation and maintenance and capital improvements and thereby deem that a financial
review should occur for the utilities at no less than once every two years to assure that rate
adjustments are made on a more regular basis.
AND BE IT FURTHER RESOLVED that City fees and charges shall be reviewed no less than
once every year to assure that such fees and charges accurately reflect Council's intent for these
fees and charges.
Adopted by the City Council of the City ~ed by the Mayor this
day of ., 1992. ~ ,
' ~--~yor John M. Clise
ATTEST:
David A. Grove, City Clerk
APPROVED AS TO FORM:
Dennis McLerran, City Attorney