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16-R-52 - SSLGC Fiscal Year 2016-17 Water RatesRESOLUTION NO. 16 -R -52 A RESOLUTION BY THE CITY COUNCIL OF THE CITY OF SCHERTZ, TEXAS APPROVING THE SCHERTZ /SEGUIN LOCAL GOVERNMENT CORPORATION FISCAL YEAR 2016 -17 WATER RATES, AND OTHER MATTERS IN CONNECTION THEREWITH WHEREAS, the City staff of the City of Schertz (the "City ") has recommended that the City approve the Schertz /Seguin Local Government Corporation Fiscal Year 2016 -17 Water Rates; and WHEREAS, the City Council has determined that it is in the best interest of the City to approve the rates to ensure that the citizens and businesses of Schertz continue to receive excellent and vital water service. BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SCHERTZ, TEXAS Section 1. The City Council hereby authorizes the approval of the Schertz/Seguin Local Corporation Fiscal Year 2016 -17 Water Rates. Section 2. The recitals contained in the preamble hereof are hereby found to be true, and such recitals are hereby made a part of this Resolution for all purposes and are adopted as a part of the judgment and findings of the City Council. Section 3. All resolutions, or parts thereof, which are in conflict or inconsistent with any provision of this Resolution are hereby repealed to the extent of such conflict, and the provisions of this Resolution shall be and remain controlling as to the matters resolved herein. Section 4. This Resolution shall be construed and enforced in accordance with the laws of the State of Texas and the United States of America. Section 5. If any provision of this Resolution or the application thereof to any person or circumstance shall be held to be invalid, the remainder of this Resolution and the application of such provision to other persons and circumstances shall nevertheless be valid, and the City Council hereby declares that this Resolution would have been enacted without such invalid provision. Section 6. It is officially found, determined, and declared that the meeting at which this Resolution is adopted was open to the public and public notice of the time, place, and subject matter of the public business to be considered at such meeting, including this Resolution, was given, all as required by Chapter 551, Texas Government Code, as amended. Section 7. This Resolution shall be in force and effect from and after its final passage, and it is so resolved. PASSED AND ADOPTED, this 12th day of July, 2016. CITY OF SCHERTZ, TEXAS r , /Michael`R. Carpenter, Mayor ATTEST: Brenda Dennis-,City Secretary (CITY SEAL) 50506221.1 - 2 - Resolution # SSLGC R16 -10 SCHERTZ /SEGUIN LOCAL GOVERNMENT CORPORATION STATE OF TEXAS COUNTY OF GUADALUPE A RESOLUTION ADOPTING THE SCHERTZ /SEGUIN LOCAL GOVERNMENT CORPORATION FISCAL YEAR 2016 -2017 WATER RATES WHEREAS, the Schertz /Seguin Local Government Corporation provides water to several entities; and WHEREAS, expenses are incurred in providing the water; and WHEREAS, it is necessary to set water rates to be assessed for the provision of the water in order to cover expenses; and WHEREAS, the Schertz /Seguin Local Government Corporation has adopted a revenue requirement system using the AWWA cash basis of ratemaking and adopted a minimum debt coverage ratio requirement of 1.25 or greater, and WHEREAS, the water rate schedule for the fiscal year 2016 -2017 for the Schertz /Seguin Local Government Corporation is attached. NOW THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE SCHERTZ /SEGUIN LOCAL GOVERNMENT CORPORATION: The water rates for fiscal year 2016 -2017 to be effective October 1, 2016 are hereby approved and adopted. Passed and approved this the 23' day of June, 2016. Attest: r� T. "Jake" J tabs, !' Bob Pees, Assistant Secretary In Greenwald, President 1of1 SIGNED ORIGINAL (S): i SSLGC WATER RATES FOR FY2016 -2017 Effective October 1, 2016 1. Water Rate for Schertz and Seguin Operations and Maintenance $0.87 Water Leases W-73 Rate per 1,000 gallons $1.60 *Schertz Annual Debt Service Payment $2,384,687 *Seguin Annual Debt Service Payment $1,694,916 2. Water Rate for Selma and Universal City Operations and Maintenance $0.87 Water Leases $0.73 Transportation $0.38 Cities Distribution $1.79 Rate per 1,000 gallons $2.17 3. Water Rate for Springs Hill Operations & Maintenance $0.87 Water Leases SQ-73 Rate per 1,000 gallons $1.60 Annual Debt Service Payment $200,000 4. Water Rate for Selma 2015 (Selma 2 Contract) Operations & Maintenance $0.87 Water Leases $0.73 Cities Distribution 4�1� Rate per 1,000 gallons $1.79 Selma 2 Annual Debt Service Payment $110,614 1of2 SSLGC BO 4BD .APPR T TD: 06-23-2016 Date /Time Printed: 7/8/2016 9:33:42 rLM rcf SSLGC WATER RATES FOR FY2016 -2017 Effective October 1, 2016 5. Water Rate for SAWS — T1 Operations & Maintenance Rate per 1,000 gallons $0.87 *SAWS (SSLGC) — T1 Annual Debt Svc Payment $ 734,056 *LAWS- (201.2- .B -ond) -- .l— iknnual -eb ,S1g ;- r e t _..._ _—.. 5 TOTAL $2,244,244 6. Water Rate for SAWS — T2 Operations and Maintenance Water Leases Rate per 1,000 gallons * SAWS — T2 Annual Debt Service Payment TOTAL DEBT SERVICE $0.87 $1.60 $745,135 $7,379,596 *Note: The monthly amounts may vary in order to accommodate the due dates of the debt service payment schedule. 2of2 SSLGCB0<-11U)APPROVED: 06-23 -2016 Date /TUnePrinted: 7/8/2016 9:33:42 NI rj