Laserfiche WebLink
1 <br />2 <br />3 <br />4 <br />5 <br />6 <br />7 <br />8 <br />9 <br />10 <br />11 <br />12 <br />13 <br />14 <br />15 <br />16 <br />17 <br />18 <br />19 <br />20 <br />21 <br />22 <br />23 <br />24 <br />25 <br />26 <br />27 <br />City Attorney's Office <br />3900 Main Street <br />Riverside, CA 9ZS22 <br />(909)782-5557 <br />RESOLUTION NO. 97-1 <br />A RESOLUTION OF THE BOARD OF PUBLIC UTILITIES OF <br />THE CITY OF RIVERSIDE, CALIFORNIA, ESTABLISHING <br />INCREASES IN THE WATER RATES OF THE CITY'S WATER <br />UTILITY, MAKING RELATED FINDINGS OF FACT, AND <br />RECOMMENDING CITY COUNCIL APPROVAL THEREOF. <br />WHEREAS the City of Riverside ("City"), by and <br />through its Public Utilities Department ("Department"), is <br />obligated to (1) serve its water customers safe, reliable and <br />equitably priced water, (2) operate its Water Utility in an <br />efficient and economical manner, and (3) operate, maintain <br />and preserve its Water Utility in good repair and working <br />order; and <br />WHEREAS the Department is responsible for operating <br />the Water Utility in such a manner that revenues from the <br />sale of water shall at least equal the costs of operation, <br />including all maintenance and operation, administrative and <br />general, debt service, capital improvements, tax -related <br />payment and other costs incurred in complying with prudent <br />utility business practices; and <br />WHEREAS the rates charged for water services are <br />required to be designed on a fully allocated basis utilizing <br />a cost of service study and a design which provides for full <br />cost recovery on a fair and equitable basis for all rate <br />classes; and <br />WHEREAS the City's Board of Public Utilities <br />("Board") is charged by Section 1202(e) of the City Charter <br />to establish the rates for the Water Utility, subject to the <br />approval of the City Council; and <br />F!%WPDATA\RE5\97043801.R5 <br />