HomeMy WebLinkAbout1999-04-13; Municipal Water District; Resolution 1048I *
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RESOLUTION NO. 1048
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE
CARLSBAD MUNICIPAL WATER DISTRICT, CARLSBAD
CALIFORNIA, TRANSFERRING FUNDS FROM THE WATER
OPERATION FUND BALANCE TO THE WATER CAPITAL,
REPLACEMENT FUND, APPROPRIATING FUNDS FOR LOCAL
WATER RESOURCES PROJECTS AND SETTING THE DATE
FOR THE PUBLIC HEARING
WHEREAS, a review of the status of the Water Operations Fund Balance shows the
fimd exceeds the level of reserves recommended in the 1996 Rate Study; and
WHEREAS, the unreserved funds are a result of revenue generated by water
commodity rates set to provide funding of capital projects which have not yet begun and
therefore fimd expenditures have not yet occurred; and
WHEREAS, a financial "water rate model" has been developed to better project
expenditures and revenues which has resulted in water commodity rate adjustments; and
WHEREAS, the existing water commodity rate of $1.70 per unit is recommended to
be reduced to $1.60 per unit (748 gallons), the existing water conservation rate of $1.52 per
unit is recommended to be reduced to $1.44 per unit and the existing recycled water rate of
$1.62 per unit is recommended to be reduced to $1.52 per unit; and
WHEREAS, the Public Hearing is required to take public input regarding the
proposed water rate adjustments.
NOW, THEREFORE, BE IT RESOLVED by the Board of Directors of the Carlsbad
Municipal Water District of Carlsbad, California as follows:
1. That the above recitations are true and correct.
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That staff be directed to transfer the unreserved funds from Water Operations
Fund to the Water Capital Replacement Fund and that the 1998-99 CP be
amended as follows:
Appropriate $600,000 for the 10% Design Report for Phase I1 of the
Recycled Water Program,
Designate $900,000 (at $300,000 per year, starting in 1999-00) for the
Seawater Desalination and Mission Basin Groundwater programs.
Designate $6.5 million towards other water resource development projects in
year 2000-2001.
That a Public Hearing is set for May 4, 1999 to take public input regarding
the proposed water rate adjustments.
PASSED, APPROVED AND ADOPTED at a regular meeting of the Board of
Directors of the Carlsbad Municipal Water District held on the 13th day of
April 1999, by the following vote:
AYES: Board Members Lewis, Hall, Finnila, Nygaard and Kulchin
(SEAL)