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Agenda Item # 12.a.
City Commission Regular Meeting
Meeting Date:
02/18/2014
Re
FPUA Rate Adjustments
Submitted For:
Linda Cox

SUBJECT:

Approval of FPUA Resolutions No. UA 2014-03 and 2014-04, which provide for a reduction in the electric energy rate of $1 per 1,000 kWh and a 3.7% increase in the water customer and volume charges, which were approved by the FPUA Board on February 4, 2014 contingent upon the City Commission approving both of these Resolutions.

SUMMARY:

Fort Pierce Utilities Authority requests approval of Resolutions No. UA 2014-03 and 2014-04, which provide for a reduction in the electric energy rate of $1 per 1,000 kWh and a 3.7% increase in the water customer and volume charges, which were approved by the FPUA Board on February 4, 2014 contingent upon the City Commission approving both of these Resolutions. In light of the relationship between these Resolutions, if either of these Resolutions are not approved by the City Commission, neither of the Resolutions shall be effective.

RECOMMENDATION:

Approve FPUA Resolutions No. UA 2014-03 and UA 2014-04 by a four-fifths (4/5) majority vote.   

ALTERNATIVES:

Disapprove FPUA Resolutions No. UA 2014-03 and UA 2014-04 by a four-fifths (4/5) majority vote.  If a four-fifths (4/5) majority vote of the city commission does not disapprove of the proposed rate changes within thirty (30) days of the date of submission of said change or changes in the formula to the city commission, the rates or the formulas by which the rates are determined shall be deemed approved and shall become effective.

RESPONSIBLE STAFF:

Linda W. Cox, City Clerk on behalf of William Thiess, FPUA

COORDINATED WITH:

William G. Thiess, FPUA Director of Utilities

Fiscal Impact

Budgeted Y/N:
Fiscal Year:
Account:
Amount:

OTHER INFORMATION:

Fiscal Impact will be discussed in a presentation by William Thiess, FPUA Director of Utilities and Nina Hurtubise, FPUA Director of Finance.

Attachments

Form Review

Inbox Reviewed By Date
City Manager rbradshaw 02/06/2014 02:39 PM
Form Started By:
Linda Cox
Started On:
02/06/2014 12:18 PM
Final Approval Date:
02/06/2014