Loading...
HomeMy WebLinkAboutORD 2011-02 - Board • TRUCKEE DONNER Public Utility District Ordinance No. 2011 - 02 Reduction of the Glenshire Water System Upgrade Charge WHEREAS, the Board of Directors of the Truckee Donner Public Utility District, hereinafter referred to as District, acquired the Glenshire Mutual Water Company water system, hereinafter referred to as Glenshire; and WHEREAS, Glenshire experienced water quality and quantity problems; and WHEREAS, the agreement for the acquisition required that the Glenshire customers pay the cost of water system upgrades by means of a Glenshire Water System Upgrade Charge; and WHEREAS, on July 17, 2002, the Board of Directors of the District passed Ordinance • 2002-04 establishing that the Glenshire Water System Upgrade Charge would be set at $10.75 per month; and WHEREAS, an external loan was obtained to fund a portion of the upgrade cost; and WHEREAS, certain assets acquired from Glenshire have been subsequently sold and the proceeds have been or will be used toward the payment of the external loan; and WHEREAS, the amount necessary to collect from the Glenshire customers has been reduced; and WHEREAS, the District notified the Glenshire customers of a pending change in the Glenshire Water System Upgrade Charge, requesting their response as to whether they preferred a lower charge of $4.75 through November 2017 or an unchanged charge of $10.75 through March 2014; WHEREAS, on June 1, 2011, the District held a public workshop; and WHEREAS, most of the responses indicated that the Glenshire customers preferred the lower charge of $4.75 through November 2017; all Ordinance 2011-02 1 • NOW, THEREFORE, BE IT ORDAINED by the Board of Directors of the District as follows: 1. Effective with the effective date of this ordinance, all portions of prior ordinances and/or resolutions that are inconsistent with the provisions of this ordinance are hereby repealed insofar as they are inconsistent. 2. Glenshire Water System Upgrade Charge: The Glenshire Water System Upgrade Charge is hereby reduced to the amount of$4.75 per month applicable to all customers within the territory of the former Glenshire Mutual Water Company. 3. If no protest is made pursuant to Public Utilities Code Section 16078, then this ordinance shall be effective with bills issued on or after August 25, 2011 until November 30, 2017. 4. The Glenshire Water Upgrade Charge shall be reviewed each year in conjunction with adopting of the District budget and shall be amended as appropriate. 5. The Clerk of the District shall immediately cause a copy of this ordinance to be posted in three places within the District. PASSED AND ADOPTED by the Board of Directors of the Truckee Donner Public Utility District at a meeting duly called and held within the District on the 6th day of July 2011 by • the following roll call vote: AYES: Directors Aguera, Bender, Hemig and Laliotis NOES: None ABSTAIN: None ABSENT: None TRUC E D ER PUBLIC UTILITY DISTRICT By Jeff Bender, President ATTEST: /7 /'7 Michael D. Holley, District Clerk • Ordinance 2011-02 2 • Attachment 1 • Truckee Donner Public Utility District Re-Calculation of the Glenshire Water System Upgrade Charge Effective for Bills Issued on or after August 25, 2011 25 quarterly debt payments @ $41,700 $ 1,043,000 Parcel sale less accumulated costs (295,000) Glenshire surcharge collected balance as of 8/24/2011 (217,000) Surcharge required $ 531,000 Divided by the remaining months until 11/30/2017 75 Average monthly surcharge collections $ 7,080 Divided by the parcels paying surcharge 1,490 New monthly surcharge $ 4.75 •