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2 <br />3 <br />4 <br />5 <br />6 <br />7 <br />8 <br />9 <br />10 <br />11 <br />12 <br />13 <br />14 <br />15 <br />16 <br />17 <br />18 <br />19 <br />20 <br />21 <br />22 <br />23 <br />24 <br />25 <br />26 <br />27 <br />28 <br />RESOLUTION NO. R-07-14 <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF COLTON <br />REPEALING RESOLUTION R-39-13, AND AMENDING EXISTING <br />ELECTRIC RATES AND CHARGES, AND CREATING A NEW <br />ELECTRIC RATE STRUCTURE TO INCLUDE MUNICIPAL WATER <br />PUMPING <br />WHEREAS, the City Council has the authority to prescribe, revise and collect charges for <br />the services and facilities furnished by the electric energy enterprise within the Colton Electric <br />Utility ("Utility"), and to otherwise amend, fix and/or establish the rates to be charged for the sale <br />of electric energy, as well as all other deposits and charges in connection therewith (such charges <br />are collectively referred to herein as "Rate" or "Rates"); and <br />WHEREAS, the City Council has previously adopted electric Rates for customers in the <br />City pursuant to Resolution No. R-39-13 and the exhibits attached thereto, as described in Exhibit <br />"A" attached hereto and incorporated herein by reference; and <br />WHEREAS, by way of this Resolution, the City Council now desires to amend the Rates <br />for municipal water pumping services, as set forth and described in Exhibit "B" attached hereto <br />and incorporated herein by reference; and <br />WHEREAS, the revised Rates adopted by this Resolution have been available for public <br />review prior to the City Council meeting at which this Resolution has been considered; and <br />WHEREAS, the revised Rates adopted by this Resolution will result in a reduction of <br />revenues for the adopted Fiscal Year 2013-2014 Budget; and <br />WHEREAS, a public hearing is not required to reduce electrical rates. <br />NOW THEREFORE, THE CITY COUNCIL OF THE CITY OF COLTON DOES <br />HEREBY RESOLVE AS FOLLOWS: <br />SECTION 1. The City hereby determines that: (a) the proposed new Rates are not <br />discriminatory or excessive; (b) the proposed new Rates will be sufficient to pay any amounts <br />required under any bonded indebtedness; (c) the proposed new Rates will be sufficient under the <br />23152.08101 \8405361.1 <br />-1- <br />