HomeMy WebLinkAbout1992 04_OPWA_Increasing Water and Sewer Rates_Earmarking Revenues Generated by the Increase_1992.10.06
92-04
RESOLUTION NO
THE OWASSO PUBLIC WORKS AUTHORITY
A RESOLUTION ADOPTING INCREASED WATER AND
SEWER RATES TO BE CHARGED BY THE OW ASSO PUBLIC
WORKS AUTHORITY; EARMARKING THE REVENUES
GENERATED BY SAID INCREASE; AND ESTABLISHING
AN EFFECTIVE DATE.
Works Authority (the "Authority") heretofore
the "Prior Rates") for the provision of water and
Owasso Public
(collectively
WHEREAS, The
the following rates
established
sewer service
MONTHLY
WATER RATES
and
(minimum charge)
$6.07
$2.44
of Cit
limits
within corporate
000 gallons
000 gallons
1,
1,
Users
First
Each additional
1
2
and
$11.47 (minimum charge)
$ 4.44
limits of Cit
orate
000 gallons
000 gallons
outside co
1
1,
Users
First
Each additional
1
2
B
SEWER RATES MONTHLY
month; and
and
minimum per
1,000 gallons
83
96 per
$1
$
A
WHEREAS, the Authority has determined to adjust the Prior Rates for water usage by
increasing the minimum charge for water by $1.00 and by increasing the charge per each 1,000
gallons of water used over and above the first 1,000 gallons by $ .25; and
for sewer usage by
1,000 gallons
WHEREAS, the Authority has determined to adjust the prior Rates
increasing the minimum fee per month by $1,50 and by increasing the charge per
of wastewater flow by $ .22; and
to segregate and earmark
.."..wer rate increase (the
BE IT RESOLVED BY THE TRUSTEES OF THE OW ASSO PUBLIC WORKS
AUTHORITY THAT:
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
Number 450 of the City of Owasso, Oklahoma (the "City").
The Earmarked Revenues (as defined above) shall be segregated and said
sole purpose of (i) funding capital improvement
the Authority and/or (ii) paying debt service on
Section Two
Earmarked Revenues shall be utilized for the
projects and associated costs, of the City or
indebtedness pertaining thereto
Section Three: The utility rates established pursuant to this Resolution shall become
effective on and after November 8, 1992.
DATED THIS 6TH DAY OF OCTOBER, 1992.
THE OWASSO PUBLIC WORKS AUTHORITY
I
(SEAL)
ATTEST:
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J~e Buchanan, Secretary
~)
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APPROVED,ASTO FORM
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Ronald D. Cates the Authority