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| Related Year: | 2022 | |
Ordinance #: 2022-05
CITY OF ELKINS, WASHINGTON COUNTY, ARKANSAS
AN ORDINANCE TO ADJUST MONTHLY WATER RATES AND FEES IN THE CITY OF ELKINS, ARKANSAS.
WHEREAS, a water rate study was recently conducted for the City of Elkins, and the results of which indicate that there is a need to raise monthly water rates with the inclusion of additional one–dollar fee per meter in order to support the deployment of new digital and wireless meters, and
WHEREAS, the City is required to set city water rates at a level which is adequate to finance the water system in the City of Elkins including the service of any existing debt, as well as financing the operation, maintenance, and repair of the system, and
WHEREAS, the Elkins Water and Sewer Committee has carefully reviewed the rate study and recommended adoption of water rates and fees, attached hereto as Exhibit “A”, and the City Council agrees that the monthly water rates and fees must be adjusted in order to adequately finance the water system in the City of Elkins, as required by Arkansas Law.
NOW, THEREFORE, BE IT ORDAINED, by the City Council of the City of Elkins, Arkansas:
Section 1. The water rates and fees for the City of Elkins are hereby amended as set forth in Exhibit “A“, attached hereto.
Section 2. All City of Elkins ordinances or parts of ordinances in conflict herewith are hereby repealed to the extent of the conflict.
Section 3. In the event that any section, paragraph, subdivision, clause, phrase, or other provision or portion of this Ordinance shall be adjudged invalid or unconstitutional, the same shall not affect the validity of this Ordinance as a whole, or any part or provision, other than the part so decided be invalid or unconstitutional, and the remaining provisions of this Ordinance shall be construed as if such invalid, unenforceable or unconstitutional provision or provisions had never been contained herein.
APPROVED:
Bruce Ledford, Mayor
ATTEST:
Delia Foster, City Clerk
EXHIBIT A
City of Elkins Water Department
Rate Recommendations
Water Rates:
- Maintain rates sufficient to meet a 1.05 operating ration and 1.15 debt coverage ratio. Budget and fund a minimum of 5% of gross revenues for depreciation reserves as required by Arkansas Act 605.
- Water rates to increase 1% per year to meet 1.05 Operating Ratio.
- Water rates will include an additional $1.00/meter technology upgrade and sustainability fee.
