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RESOLUTION OF THE BOARD OF DIRECTORS OF THE UTILITIES BOARD OF THE CITY OF OPELIKA ADJUSTING RATES, FEES AND CHARGES ASSOCIATED WITH THE PROVISION OF WATER SERVICE

by | Apr 16, 2019 | Uncategorized

RESOLUTION NO. 19-02
RESOLUTION OF THE BOARD OF DIRECTORS OF THE UTILITIES BOARD OF THE CITY OF OPELIKA ADJUSTING RATES, FEES AND CHARGES ASSOCIATED WITH THE PROVISION OF WATER SERVICE
WHEREAS, The Utilities Board of the City of Opelika, Alabama (the “Board”) now exists as a public corporation under Article 9 of Chapter 50 of Title 11 of the Code of Alabama of
1975; and
WHEREAS, the Board is charged with the responsibility for the construction, operation
and maintenance of all water facilities of the City of Opelika and for the collection of all charges for water services; and
WHEREAS, pursuant to $11-50-314(9), the Board is authorized to adopt a schedule of
rates and charges for services furnished by the Board; and See
WHEREAS, on June 23, 2014, pursuant to Resolution No. 064-14, the Board adopted a
schedule of rates and charges that went into effect on August 1, 2014; and
WHEREAS, water revenue projections based on the current schedule of charges indicate
that the annual net income during the ensuing fiscal year will not be sufficient to cover anticipated operations and maintenance expense, debt service and proposed water system improvements; and
WHEREAS, the Board finds that it is necessary to implement a new rate structure designed to generate revenues sufficient to cover anticipated operations and maintenance expense,
debt service and proposed system improvements; and
WHEREAS, the Board finds and determines that the rate structure adopted below will
produce no serious inequalities between categories of users.
NOW, THEREFORE, BE IT RESOLVED by the Board of Directors of The Utilities Board of the City of Opelika, Alabama, as follows:

  1. That Article VII of the Schedule of Charges adopted by resolution of the Board on June 23, 2014, be and the same is hereby amended to read as follows: 2. That the amendments to the Schedule of Charges adopted herein shall become effective for consumption as of April 1, 2019 and billed to the Board’s customers on May 1, 2019.
  2. The Secretary is hereby authorized, directed and empowered to cause this
    Resolution to published one (1) time in The Opelika Observer, a newspaper published in and of general circulation within the City of Opelika and Lee County.
    ADOPTED AND APPROVED this the 25th day of March, 2019.
    THE UTILITIES BOARD OF THE CITY OF OPELIKA, ALABAMA
    By JEFFERY A. HILYER, CHAIRMAN
    ATTEST: HERBERT SLAUGHTER, SECRETARY
    CERTIFICATE
    I, HERBERT SLAUGHTER, Secretary of The Utilities Board of the City of Opelika, a public corporation, do hereby certify that the foregoing is a true and correct copy of the Resolution duly adopted by the Board of Directors of The Utilities Board of the City of Opelika at a regular meeting thereof held on March 25, 2019, which meeting was attended by a quorum of the said Board of Directors and that said Resolution was duly adopted and is still in full force and effect.
    GIVEN under my hand and the seal of said Board on this the 25th day of March, 2019.
    HERBERT SLAUGHTER, AS ITS SECRETARY
    LEGAL RUN 4/17/19