HomeMy WebLinkAboutResolutions - No. 2020-25RESOLUTION NO. 2020-25
A RESOLUTION OF THE LODI CITY COUNCIL FOREGOING 2020
PRE -APPROVED ENGINEERING NEWS RECORD ADJUSTMENT
FOR USAGE -BASED AND FLAT WATER RATES FOR RESIDENTIAL,
COMMERCIAL, AND INDUSTRIAL CUSTOMERS
WHEREAS, on March 20, 2019, City Council approved a five-year rate plan in
accordance with the Proposition 218 rate setting process; and
WHEREAS, the proposed rate adjustments are needed to generate sufficient revenue to
meet projected operation and maintenance costs and debt service obligations, as well as
necessary capital maintenance improvements; and
WHEREAS, for the water and wastewater utilities, the annual rate adjustment, if
approved, is the lesser of the Engineering News Record (ENR) index change or three percent,
with the exception of the proposed January 1, 2021 water rate adjustment that includes a
projected 5.3 percent decrease, to January 1, 2016 levels; and
WHEREAS, the previous year's ENR index change was 1.3 percent, but after evaluating
the water utility's rate revenue model, it has been determined the utility can meet its revenue
requirements without implementing this year's planned rate increase; and
WHEREAS, staff recommends foregoing the 2020 pre -approved Engineering News
Record adjustment for usage -based and flat water rates for residential, commercial, and
industrial customers.
NOW, THEREFORE, BE IT RESOLVED that the Lodi City Council does hereby forego
the 2020 pre -approved Engineering News Record adjustment for usage -based and flat water
rates for residential, commercial, and industrial customers.
Dated: February 5, 2020
I hereby certify that Resolution No. 2020-25 was passed and adopted by the City
Council of the City of Lodi in a regular meeting held February 5, 2020, by the following vote:
AYES: COUNCIL MEMBERS — Chandler, Mounce, Nakanishi, and Mayor Kuehne
NOES: COUNCIL MEMBERS — None
ABSENT: COUNCIL MEMBERS — Johnson
ABSTAIN: COUNCIL MEMBERS — None
PAMELA M. FARRIS
Assistant City Clerk
2020-25