HomeMy WebLinkAboutCC-08-17-92-05 Cap. Improv.UtilRESOLUTION CC-8-17-92-5
WHEREAS, the Water Utility of the City of Carmel has
undertaken a preliminary analysis of the capital improvement needs
of the City's water utility system, and reviewed the revenues from
the present rates and charges for water service approved by the
Indiana Utility Regulatory Commission ("IURC") in Cause No. 36702
based upon a test year ending December 31, 1981, and the expected
needs for extensions, improvements, replacements and repairs to the
water utility system; and
WHEREAS, the Water Utility of the City of Carmel recommends
that the Common Council of the City of Carmel authorize the filing
of a Petition with the IURC in order to initiate the procedures for
the issuance of waterworks revenue bonds for the extension,
improvement, replacement and repairs to its water utility system,
and, if necessary an adjustment in the existing rates and charges
for water service.
NOW, THEREFORE, BE IT RESOLVED, by the Common Council of the
City of Carmel that its Water Utility is authorized to file with
the IURC a Petition for approval of the issuance of waterworks
revenue bonds and any necessary adjustment in the existing water
rates and charges in order to initiate the requisite regulatory
proceedings; and
IT IS FURTHER RESOLVED, that the actual amount of the rate
adjustment, if any, and the issuance and amount of waterworks
revenue bonds, are subject to further review and approval of the
Common Council.
Adopted by the Common Council of the City of Carmel, Indiana,
this /7~ day of August, 1992.
T. E. Johnson, Presiding Officer
ATTEST:
Presented by me to the Mayor of the City of Carmel, Indiana
this /D day of August, 1992.
· . Jones, Cle surer
Approved and signed by me, the Mayor of the City of Carmel,
Indiana
on this /~ day of August, 1992.
'~~ohnson,
Mayor