HomeMy WebLinkAbout1999 01_OPWA_Establishing Water Rates_1999.04.20RESOLUTION NO. 99-01
TE *WASS(I-21IR-1
A RESOLUTION ADOPTING WATER AND SEWER RATES TO BE
CHARGED BY THE OWASSO PUBLIC WORKS AUTHORITY;
EARMARKING REVENUES; AND ESTABLISHING AN EFFECTIVE
DATE.
WHEREAS, The Owasso Public Works Authority (the "Authority") desires to establish the
following rates for the provision of water and sewer service:
Users within corporate limits of City as well as those customers of Rural Water District #3
Rogers County acquired November 1, 1993
1. First 1,000 gallons $7.30 (minimum charge); and
2. Each additional 1,000 gallons $2.92
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Users.. outside corporate limits of City
First 1,000 gallons $8.75 (minimum charge); and
Each additional 1,000 gallons $3.50
a MANNA 1110,090111
$3.33 minimum per month; and
1.1 8 per 1,000 gallons; and
WHEREAS, the Authority desires to segregate and earmark certain revenues generated
by the referenced water and sewer rate increase (the "Earmarked Revenues) as follows:
Water Sewer
Minimum charge per month $1.00 $1.50
Each additional 1000 gallons $.25 $.22
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Section One: From and after the effective date of this Resolution (as hereinafter set
forth), the charges by the Authority for water and sewer service shall be adjusted in accordance
with the above referenced recital paragraphs and as specifically codified pursuant to Ordinance
No 608 of the City of Owasso, Oklahoma ("the City").
Section Two: The Earmarked revenues (as defined above) shall be segregated and asaid
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 pertaining thereto.
Section Three: The utility rates established pursuant to this Resolution shall become
effective for May 1999 as reflected by June 1999 billing.
APPROVED AND ADOPTED this 20th day of April, 1999 by the Trustees of the Owasso Public
Works -Authority.
ATTEST- AP AS TO FORM:
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Marci&-I,,tw',1l, 'Trus Secretary 'Ronald D. Cates, Trust Attorney