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1977R07- Rate adjustment of Guadalupe Valley Electric Cooperative = ~ RESOLUTION NO. '717-1{,1 A RESOLUTION REFUSING TO ACCEPT AN AUTOMATIC RATE ADJUSTMENT FROM GUADALUPE VALLEY ELECTRIC COOPERATIVE AND REQUIRING A GUADALUPE VALLEY ELECTRIC COOPERATIVE REPRESENTATIVE TO SHOW PROOF TO THE CITY FOR THE NEED OF SUCH AN INCREASE. WHEREAS, the City of Schertz has received a request from Guadalupe Valley Electric Cooperative for a rate increase to all electric cu~tomers; and WHEREAS, the City realizes that rising costs of opera- tion is fair cause for requesting such an increase; and WHEREAS, the City Council has an obligation to its resi- dents to understand the justified needs for such an increase; and. WHEREAS, the City Council desires to be informed by Guadalupe Valley Electric Cooperative of any justification for the need of the subject rate adjustment; NOW THEREFORE BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SCHERTZ, TEXAS, that the automatic rate adjustment requ~sted by Guadalupe Valley Electric Cooperative in their letter of April 4, 1977, be refused; and that a Guadalupe Valley Electric Cooperative representative present the City Manager with documentation showing justification for a rate increase; and that a representative appear at a near future Council meeting to address the Council on the requested increase. PASSED AND APPROVED this . 5 JtO/{ day of t:1}7~ , 1977 . ~C~ ~ayor, City of Schertz, Texas ATTEST: " . (SEAL)