HomeMy Public PortalAbout2014-13 - AMENDMENT OF WATER RATES AND CHARGESORDINANCE 2014 -13
AN ORDINANCE AMENDING SECTIONS 9 -11 THROUGH 9 -14 OF THE
GREENCASTLE CITY CODE APPROVING WATER RATES AND
CHARGES
WHEREAS, the City of Greencastle. Indiana owns and operates a municipal water system
and collects rates and charges for the use of and the services rendered by said water system pursuant
to I. C. 8- 1.5 -3 -8;
WHEREAS, due to the increased costs of providing water to the customers of the Greencastle
Department of Waterworks, it is necessary for an increase in water rates;
WHEREAS, the existing rates and charges do not produce sufficient revenue to pay all the
necessary expenses incident to the operation of such water system, including maintenance costs,
operating charges, upkeep, repairs, depreciation, taxes and payments in lieu of taxes, interest charges
on bonds and other obligations, to provide a sinking fund for the liquidation of bonds and other
evidences of indebtedness, to provide a debt service reserve for bonds or other obligations, to
provide adequate funds to be used as working capital, adequate funds for making improvements, and
a reasonable return on the utility plant, and therefore do not produce revenues sufficient to maintain
such water system property in a sound physical and financial condition to render adequate and
efficient service. Accordingly, said existing rates and charges are not reasonable and just for services
within the meaning and provisions of I.C. 8- 15 -3 -8; and
WHEREAS, it will be necessary to increase the existing rates and charges in order to provide
sufficient funds to meet the financial requirements of said municipal water system, and an Ordinance
establishing a new schedule of rates and charges should be adopted by the City of Greencastle,
Indiana Common Council.
NOW THEREFORE be it ordained by the Common Council of the City of Greencastle that
the enumerated water rates and charges as set forth in the Greencastle City Code, Sections 9 -11
through 9 -14, be amended and read as follows:
Section 9 -11 Monthly Metered Water Rate Schedule
Monthly consumption Rate per 100 cubic feet
First 2.000 cubic feet $4.47
Next 8.000 cubic feet 2.81
Over 10.000 cubic feet 2.26
Section 9 -12 Minimum Monthly Metered Service Charge
5/8" —'/<" meter
$ 9.97
1" meter
26.61
1 %" meter
56.83
2" meter
94.77
.3 meter.
191.07
4" meter
336.37
6" meter
753.61
Section 9 -13 Fire Protection Charge Schedule
Hydrant Rental
Hydrant rental each $ 634.89 per annum
Private Fire Connections
Size of Connection
4 "
6 '
8"
10"
12"
Charge per annum
$ 340.13
748.30
1.337.83
2.108.77
3,061.17
Section 9 -14 Contract Users Water Rate Schedule
Metered Consumption
Volumetric Rate of All Wholesale Consumption per 100 cubic feet: $2.53
All other terms and conditions contained in Greencastle Code 9 -11. 9- 12.9 -13 and 9 -14 which are
not specifically amended herein shall remain in full force and effect. This Ordinance shall have full
force and effect upon passage of the Greencastle Common Council and its approval by the Mayor.
The above rates shall become effective November 1. 2014.
PASSED AND ADOPTED by the Common Council of the City of Greencastle, Indiana this
L day of Qc�L�p__ .2014.
Adam CA en Jins (a Bingham
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Ma k N. Hammer
Phylli okicki
Approved and signed by me this Iqlk day of 2014, at )":L3 yZ
o'clock;P_.m.
Susan V. Murray. Mayor
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L} Dunbar. Clerk - Treasurer