1995 MIN APR 10 - Laserfiche WebLink

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Upon Mayor Fulp's inquiry, Director Clarke indicated that Council approved a $1.8 million electric rate increase to be effective April 12, 1995. Director Clarke stated this request is to activate the 3.5% base rate increase effective April lit 1995. Councilmember Sandoval said that the prior Council had approved a two-tier rate increase and that bonding had been anticipated. Director Clarke agreed that bonds would have made up the shortfall but overspending on the power cost project has made it necessary to request the increase. Motion by Mayor Fulp, seconded by Councilmember Beltran, to accept staff recommendation and approve and adopt Resolution No. R-32-95. Mr. Rocky Fredrickson wanted to know what figure the 3.5% increase represented. Director Clarke posed a hypothetical based on 500kv usage, the current billing would be $44.09 and with the proposed increase and total would be $49.69; therefore, the increase is $5.60. Director Clarke said there had been a public hearing. Councilmember Hutton inquired about the status regarding bond. He said there were different types of bonds, such as rate secured and voter approved bonds. Director Clarke informed him that in August, there was pursuit of private investment bankers. He indicated that you cannot market bonds and it is necessary to use operating revenues to do the project at this time. In light of the bond rating recovery, Director Clarke said he is looking to revenue bonds. Above motion passed with Councilmember Bennett voting "No." RESOLUTION NO. R-32-95 - A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF COLTON, CALIFORNIA, TO APPROVE STAFF RECOMMENDED CHANGES TO THE CUSTOMER SERVICE POLICY, INCLUDING ELECTRIC RATE CHANGES. PUBLIC COMMENT: Refuse Mr. Terry Dorman, commented on recent Council action regarding refuse hauling rates and independent haulers. He stated that the check for $50,000 which was presented tonight shows that "we can do it." As resident and taxpayer, he suggested that Council consider all sides. He said the persons who were in support of BFI were informed by BFI only. He reminded that the City is a part of the free enterprise system. He expressed the need to get together as the City is in the trash hauling business. There is a lot of money to be made. He exclaimed that the Refuse Department deserves the chance to do the job. Mr. Chris Gallegos agreed with Mr. Dorman and said there is money to be made in commercial accounts. If bins need to be cleaned and painted, he suggested that the City can do it and if necessary, buy