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1 WHEREAS the Department's staff and management have 2 (1) performed a cost of service study which indicates that 3 the revenue of the Water Utility should be increased by 4 $2,564,000 on an annual basis in order to equal the costs of 5 operation, (2) recommended an overall increase of 6 approximately 8.5%; in the water rates to provide the 7 additional revenue needed, and (3) prepared and recommended a 8 design which provides for full cost of service recovery on a 9 fair and equitable basis for all rate classes; and 10 WHEREAS a public hearing, notice of which was 11 published in The Press -Enterprise on February 9, 20, 23 and 12 26, 1997, was commenced by the Board on the proposed rate 13 increases on February 26, 1997 to receive and consider the 14 study and design and to receive and consider oral and written 15 comments thereon from the public, and after receipt and 16 consideration thereof the Board continued the hearing to its 17 regularly scheduled meeting on March 7, 1997 for final public 18 comments and review and then concluded it; and 19 WHEREAS the Board intends to limit the .overall rate 20 increase to approximately 8.5% by establishing the rates set 21 forth in Exhibit A attached hereto and incorporated herein by 22 reference; 23 NOW, THEREFORE, BE IT RESOLVED by the Board of 24 Public Utilities of the City of Riverside, California, as 25 follows: 26 Section 1: The foregoing recitals are true and 27 correct and are adopted and incorporated herein by reference City Attorney's Office 3=900 Mein Street Riverside, CA 92522 (909)782-5567 -2- F:\WPDATA\AES\97043801.RS