RESOLUTION NO. XX – 2023
A RESOLUTION OF THE CITY COUNCIL
OF THE CITY OF EAST PALO ALTO
AUTHORIZING THE TEMPORARY REDUCTION OF $0.02 PER CCF, TO BE EFFECTIVE APRIL 1, 2023, SUSPENDING A PORTION OF THE WATER USAGE CHARGES IN THE RATE SCHEDULE ADOPTED BY RESOLUTION 5154, AMENDED BY RESOLUTION 66-2022 AND FURTHER AMENDED BY RESOLUTION 136-2022
WHEREAS, on July 16, 2019, the City Council adopted the rate schedule for water service charges by Resolution 5154; and
WHEREAS, on May 17, 2022 the City Council adopted a pass-through increase of $0.78 to the water usage charge due to increases in the wholesale water rate provided by the City’s sole water provider San Francisco Public Utility Commission; and
WHEREAS, on October 18, 2022, the City Council adopted authorized a temporary reduction, suspending a portion of the water usage charge; and
WHEREAS, Bay Area Water Supply and Conservation Agency (BAWSCA) settled their Revenue Bond Series 2023A to refund the 2013A bonds on January 5, 2023. This refunding bond transaction will have an average of approximately $2.5 million of savings per year, starting in FY 2022- 23 and has reduced the City of East Palo Alto’s annual payment to $14,269.
NOW, THEREFORE, BE IT RESOLVED THAT THE CITY COUNCIL OF THE CITY OF EAST PALO ALTO HEREBY authorizes the temporary reduction of $0.02 per ccf, to be effective April 1, 2023, suspending a portion of the water usage charges in the rate schedule adopted by Resolution 5154, amended by Resolution 66-2022 and further amended by Resolution 136-2022.
PASSED AND ADOPTED this 21st day of March 2023, by the following vote:
AYES:
NOES:
ABSENT:
ABSTAIN:
Lisa Gauthier, Mayor
ATTEST: APPROVED AS TO FORM:
James Colin, City Clerk John D. Lê, City Attorney