HomeMy WebLinkAbout2006 06_OPWA_Rate Increase_Water and discount rates_2006.08.15
OW ASSO PUBLIC WORKS AUTHORITY
OWASSOj OKLAHOMA
RESOLUTION 2006-06
A RESOLUTION OF THE OW ASSO PUBLIC WORKS AUTHORITY
ADOPTING RATES FOR WATER SERVICE WITHIN AND WITHOUT
THE CORPORATE LIMITS OF THE CITY OF OWASSOj
EARMARKING REVENUES; ANDj ESTABLISHING AN EFFECTIVE
DATE.
WHEREASj The Owasso Public Works Authority ("Authority") desires to establish the
following rates for the provision of water service:
Base Rate
for usage of
1-1000 gallons
Rate for usage
of each additional
1000 gallons
Users inside the corporate limits,
as well as those customers of Rural Water
District #3 Rogers County acquired
November 1, 1993
$7.90
$3.70
outside corporate limits
$9.48
$4.44
The Authority desires to segregate and earmark certain revenues generated by
the referenced water rate ("Earmarked Revenues") as follows:
Minimum charge per month $1.00
Each additional 1000 gallons $.28
From and after the date of this Resolution (as hereinafter set
forth), the charge by the Authority for water shall be adjusted
accordance with the above-referenced recital paragraphs and as
specifically codified pursuant to Ordinance No. 871 of the City of
Owasso, Oklahoma ("City").
SECTION TWO: The Earmarked Revenues (as defined above) shall be segregated and said
Earmarked Revenues shall be utilized for the sole purpose of (i) funding
capital improvement projects and associated costs of the City or the
Authority and/or (ii) paying debt service on indebtedness peliaining
thereto.
SECTION THREE: The water rates established pursuant to the Resolution shall become
effective with the first utility billing cycle in October 2006.
APPROVED AND ADOPTED this 15TH day of August, 2006 by the Trustees of the
Owasso Public Works Authority. -,