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HomeMy WebLinkAboutORDINANCES-2005-021-O-05• 21-0-05 AN ORDINANCE Amending the Evanston City Code Title 7, Chapter 13, Section 3(A) Relating to the Sewer User Rates NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF EVANSTON, COOK COUNTY, ILLINOIS: SECTION 1: That Section 7-13-3(A) of the City Code of the City of Evanston be and is hereby amended to read as follows: 7-13-3: SEWER USER RATES: (_A) There is hereby established a sewer user charge for the use of, and for service supplied by, the wastewater collection facilities of the City which shall consist of an operation, maintenance and replacement charge (OM&R), a capital charge, and a debt service charge. • 1. Operation Maintenance and Replacement Charge (OM&R): The OM&R charge is levied on all users to recover the operation, maintenance and replacement costs and is computed by apportioning the annual OM&R costs less any investment income derived from operating cash per one hundred (100) cubic feet of metered water sales as recorded by City water meters. Income derived from the investment of OM&R revenues shall be used solely for the operation, maintenance and replacement of the system. OM&R Charge = OM&R Cost - Investment Income from Operating Cash Metered Water Sales There is hereby established an OM&R charge of $1.13 per one hundred (100) cubic feet of water consumed. This rate shall apply to all water consumed on or after March 1, 2005 through August 31, 2005. 2. Capital Charge: The capital charge is levied on users to provide for capital improvement, extensions or reconstruction of the sewer collection system. The capital charge is computed by apportioning the annual capital costs less any investment income derived from cash reserved for capital expenditures per one hundred (100) cubic feet of metered water sales as recorded by City • water meters. Capital Charge = Capital Costs - Investment Income from Can_ ital Cash • Metered Water Sales There is hereby established a Capital Charge of $0.19 per one hundred (100) cubic feet of water consumed. This rate shall apply to all water consumed on and after March 1, 2005 through August 31, 2005. 3. Debt Service Charge: The debt service charge is computed by apportioning the annual debt service costs per one hundred (100) cubic feet of metered water sales as recorded by Evanston water meters. Debt Service Charge = Debt Cost Metered Water Sales There is hereby established a debt service charge of $2.62 per one hundred (100) cubic feet of water consumed. Said rate is based on a maximum debt service payment of $12,349,530 anticipated for the repayment of loan proceeds necessary for the currently planned improvements to the sewerage collection system. For the fiscal year (FY 2005-06), the established debt service charge shall be $2.62 per one hundred (100) cubic feet of • water consumed. This rate shall apply to all water consumed on and after March 1, 2005 through August 31, 2005. 4. Total Sewer User Charge: The total sewer user charge is the sum of the three components listed in subsection 7-13-3 (A)(1), Operation, Maintenance and Replacement; subsection 7-13-3(A)(2), Capital; and subsection 7-13-3(A)(3), Debt Services and shall be $3.94 per one hundred (100) cubic feet of water consumed on or after March 1, 2005 through August 31, 2005. 5. Total Sewer User Charge Fiscal Year 2004-2005 : The total sewer user charge for fiscal year 2005-2006 shall be four dollars thirteen cents ($4.13) per one hundred (100) cubic feet of water consumed on or after September 1, 2005. SECTION 2: That all ordinances or parts of ordinances in conflict herewith are hereby repealed. SECTION 3: That this ordinance shall be in full force and effect from and after its passage, approval and publication in the manner provided by law. • V, • Introduced:2. t� , 2005 Adopted:-� Z� , 2005 Attest: Cil Mary.P._MrrA, Clerk Ap-ir6ved as to form: Cor lation Couns • Approved: Y--- 2005 )2�t� ine H. Morton, Mayor 3 • • E