1984 REG MTG MIN AUG 21 - Laserfiche WebLink

Browse Search

Mr. Hutton concluded Staff recommends Council approve the proposed re- imbursement agreement, subject to review by the City Attorney, and de- ferment of fees for Metropolitan Development Corporation. Moved by Councilwoman Cisneros, seconded by Councilman Rios, to approve Staff's recommendation as outlined. Unanimous vote. CITY MANAGER'S REPORTS AND RECOMMENDATIONS: ^ Electric Utility Director Gale Drews introduced Mr. Dave Helsby, of R. W. Beck Associates, advising that Mr. Helsby willmake the pres- entation regarding the Electric Rate Study. Mr. Helsby reported on the Electric Rate Study advising they reviewed the 1984-85 fiscal year costs to determine if the electric rates were adequate to cover the estimated expenses for that period of time, which indicated the rates were deficient by approximately $900,000, and this would require an increase of approximately 7.5% to help cover that deficit. Mr. Helsby stated, however, with the refunds on hand, received by Southern California Edison Company, there should be no in- crease in rates at this time. Co Mr. Helsby advised their projections also indicate there is likely to be an increase by July 1, 1985, and the rate study should be updated Q at that time. Mr.. Helsby also reviewed the projection of revenue re- quirements, cost of service, and rate design, as outlined in the re- port . e - port. Mr. Drews then asked for Council direction on the use of the refund monies from Southern California Edison. Moved by Councilman Rehrer, seconded by Councilwoman Garcia, that this refund be added to the prior refund in an interest bearing account and be used to defray purchased power costs for the 1984-85 budget year, and that there be no changes in the existing base rate schedule. Vote was unanimous. Councilman Rios then asked what was the total amount of these refunds from Southen California Edison Company. Mr. Helsby replied approximately 1.2 million dollars. Mr. Drews stated it would now be in order for the Council Members to consider Resolution No. 4502, adopting the Power Cost Adjustment and Balancing Account, and Resolution No. 4503, adopting rules for the purchase, sale and wheeling of electricity generated by qualifying facilities, cogeneration. Moved by Councilman Rehrer, seconded by Councilwoman Garcia, approving RESOLUTION NO. 4502. Unanimous vote. RESOLUTION NO. 4502 - A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF COLTON ADOPTING POWER COST ADJUSTMENT AND BAL- ANCING ACCOUNT AND REPEALING RESOLUTION NO. 3426 Moved by Councilwoman Cisneros, seconded by Councilman Rehrer, to ap- prove RESOLUTION NO. 4503. Unanimous vote. RESOLUTION NO. 4503 - Agreements Res. No. 4504 A RESOLUTION OF THE CITY OF COLTON ADOPTING RULES FOR THE PURCHASE, SALE AND WHEELING OF ELECTRICITY GENERATED BY QUALIFYING FACILITIES. City Manager Elliott reported on a request from the Mayer Group, Inc., that the Council consider issuing multifamily housing bonds to provide tax-exempt financing for a project to develop a 420 unit apartment complex at Washington Street and San Antonio Drive, which the City is empowered to do under the provisions of AB 665. AUG 21 1984