Resolution No. 125-02

A Resolution Amending Persigo System Wastewater Rates for the Year 2003

Recitals:

Whereas, the City of Grand Junction, as an owner and managing entity of the Persigo Wastewater Sewer System, sets rates on an annual basis for providing wastewater services to customers with the 201 sewer service area boundary; and

Whereas, rates are established within the Persigo System’s long-term Financial Plan; and

Whereas, the Persigo System, in order to fund operating expenses and capital improvements for the year 2003, to fund debt service obligations of the 1992 Refunded Revenue Bonds, to fund debt service and all other loan agreement requirements of the Clean Water Revenue Bonds (2002 Series A) issued by the Colorado Water Resources and Power Development Authority on May 1, 2002, a five percent rate increase for the year 2003 is required; and

NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF GRAND JUNCTION THAT THE FOLLOWING RATE BE IN EFFECT BEGINNING January 1, 2003:

$12.60 PER MONTH PER EQU (Single Family Equivalent Unit) for both Backbone and Collection Services. The Backbone portion of the rate will be $9.51 and the Collection service portion of the rate will be $3.09.

All other rates for disposal of wastes to the Persigo System will increase by 5%. This includes septic tank disposal charges, grease charges, and industrial pretreatment surcharges and fees.

RESOLVED THIS 18^TH DAY OF DECEMBER, 2002

           /s/: Cindy Enos-Martinez

           Mayor

ATTEST:

/s/: Stephanie Tuin

Stephanie Tuin, City Clerk