Loading...
HomeMy WebLinkAboutORDINANCES-1996-004-O-96• 4-0-96 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 (O, M & R), a Capital Charge, and a Debt Service Charge. (1) The O, M & R Charge is levied on all users to recover the operation, maintenance and replacement costs and is computed by apportioning the annual O, M & R costs less any investment income derived from operating cash per 100 cubic feet of metered water sales as recorded by City water meters. Income derived from the investment of O, M & R revenues shall be used solely for the operation, maintenance and replacement of the system. O, M & R Charge = O.M&R Cost - Investment Income from Operatioe Cash Metered Water Sales 'There is hereby established an O,M&R charge of $0.430 per one hundred (100) cubic feet of water consumed. • This rate shall apply to all water consumed on or after March 1, 1996 and shall remain in effect until the next annual review in accordance with Section 7-13-3(B). 1 (2) 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 100 cubic feet of metered water sales as recorded by City water meters. Capital Charge = Canital Costs - Investment Income from Capital Cash Metered Water Sales There is hereby established a Capital Charge of $0.185 per one hundred (100) cubic feet of water consumed. This rate shall apply to all water consumed on and after March 1, 1996 and shall remain in effect until the next annual review in accordance with Section 7-13-3(B). (3) The Debt Service charge is computed by apportioning the annual debt service costs less revenues transferred to the Sewer Fund from the sale of water to the Northwest Water Commission (NWC), less any investment income derived from NWC cash transferred to the Sewer Fund per 100 cubic feet of metered water sales as recorded by Evanston water meters. • Debt Service Charge = Debt Cost - NWC Revenues - Investment Income Metered Water Sales There is hereby established a Debt Service Charge of $1.320 per one hundred (100) cubic feet of water consumed. Said rate is based on a maximum debt service payment of $6,108,600 anticipated for the repayment of loan proceeds necessary for the currently planned improvements to the Sewerage Collection System. Provided, however, that all or a portion of said charge may be abated in accordance with Section 7- 13-3(A)3 described above. For the current fiscal year (FY 1996-97), the established debt service charge shall be abated by Northwest Water Commission Revenues as stated in the FY 1996-97 Budget and shall be $0..885 per one hundred (100) cubic feet of water consumed. This rate shall apply to all water consumed on and after March 1, 1996 and shall remain in effect until the next annual review in accordance with Section 7-13-3(B). n U 2 • (4) The total Sewer User Charge is the sum of the three components listed in Section 7-13-3 (A)(1) Operation, Maintenance and Replacement, Section 7-13-3(A)(2) Capital, and Section 7-13-3(A)(3) Debt Services and shall be $1.50 per one hundred (100) cubic feet of water consumed and shall -be adjusted in accordance with Section 7-13-3(B). SECTION 2: All ordinances or parts of ordinances in conflict herewith are hereby repealed. SECTION 3: This ordinance shall be in full force and effect from and after its passage, approval and publication in the manner provided by law. Introduced. , 1 ,-�,1996 Adopted , 1996 • . 1 City Clerk Approved as to form: Corporation Counsel U • C: \WPWIN60\WPDOCS\ORD496.ORD M. 7