HomeMy Public PortalAbout1991_10_09_R220The Town of
Leesburg,
}Tirginia
RESOLUTION NO. 91-2 20
PRESENTED October 9, 1991
ADOPTED October 9, 1991
AND THE 1991-1996 CAPITAL
A RESOLUTION: AMENDING THE FY 92 BUDGET
IMPROVEMENTS PROGRAM TO REFLECT DEFERRAL OF UTILITY CAPITAL
PROJECTS
WHEREAS, the August 1, 1991 "Report of the Utility Rate Study" presented to Council by the
town's utility rate consultants, Deloitte & Touche, recommended a 50%, 20%, 5%, 10% and 15% rate
increase, effective July 1, 1991, 1992, 1993, 1994 and 1995, respectively, to fund utility operations and
capital projects; and
WHEREAS, Council deemed these rate increases to be an excessive financial burden on the
citizens of Leesburg; and
WHEREAS, alternative rates were presented to Council on September 17, 1991 by Deloitte &
Touche, for additional consideration; and
WHEREAS, the Council has decided that Alternative III, which assumes a 35% increase in 1992,
30% in 1993, 20% in 1994 and 0% in 1995 coupled with a deferral of $1,053,500 in planned capital
projects for 1992, is the most feasible alternative rates for the town.
THEREFORE, RESOLVED by the Council of the Town of Leesburg in Virginia as follows:
SECTION I. The town's five-year Capital Improvements Program is hereby amended to defer
the following Utility Fund capital projects from fiscal year 1992 to fiscal year 1993:
WPZ Phase I Water System Improvements (Construction)
WPZ Phase II Water System Improvements (Design)
WTP Upgrade/Expansion (Valve Replacement)
WPZ Booster Station Upgrade (Design)
-2-
A RESOLUTION: AMENDING THE FY 92 BUDGET AND THE 1991-1996 CIP
SECTION II.- The town's Bud§et for fiscal year endin§ ,June 30, 1992 is hereby amended to
provide for the elimination of the amounts for Utility Fund Capital Projects identified as follows:
Account
3120.700.190.300
3120.700.210.300
3130.700.190.300
3130.700.220.300
Prqiect
WPZ Watermain ~xtension Phase I
WPZ Watermain Extension Phase II
WTP ~ncpansion
WPZ Booster Station
PASSED this 9th day of OctobeL 1991.
Budget
$780,000.00
$ 60,000.00
$ 80,000.00
$ 50,000.00
Robert E. Sevila, Mayor
Town of Leesburg
ATTEST:
Clerk of CouhciI