HomeMy WebLinkAboutA-57, Supplementing A-56/New Schedule of Rates and ChargesAn Ordinance supplementing Ordinance No. A-56,
adopted April 19, 1982, which establishes a new
schedule of rates and charge~ for the City's
waterworks utility~. ~
WHEREAS, the City of Carmel has adopted on April 19, 1982
Ordinance No. A-56 providing for a new schedule of rates and
charges for the services rendered by the waterworks utility; and
WHEREAS, the Public Service Commission of Indiana has entered
an order determining that said schedule of rates and charges pro-
vides more revenues than are authorized by statute unless the City
elects to provide a reasonable return on its investment in its
waterworks utility; and
~ .WHEREAS, the City desires to provide for such a return on
investment so that the revenues produced will be sufficient to
permit the sale of its revenue bonds;
NOW, THEREFORE, BE IT ORDAINED BY THE COMMON COUNCIL OF THE
CITY OF CARMEL, INDIANA:
Section 1. The City of Carmel, Indiana~ hereby elects to
provide for a schedule of rates and charges sufficient to, produce
revenues to provide a reasonable return on .its waterworks utility
plant.. The City hereby determines that the schedule of rates and
charges set. forth in Ordinance No. A-56 will provide the reasonable
return desired.
Section 2. This Ordinance shall be in full force and effect
immediately upon adoption and enactment.
Passed and adopted by the Common Council of the CitY of Carmel
the ~/ day of ~ , 1982.
on~
Attest:
P~esented by me to the Mayor of the City of Carmel,
on this ~/
Indiana,.
day of ~~, 1982~
C~r~--Treasurer
Approved and
signed bY me on this ~/ day of Q~V~_~~, 1982.