City of Marco Island Florida - File #: ID 19-442

• File #: ID 19-442
• Version: 1
• Type: Ordinance
• Status: Passed
• File created: 8/19/2019
• In control: City Council
• On agenda: 9/3/2019
• Final action: 9/3/2019
• Title: Ordinance - First Reading - Amending Exhibit "A" Utility Rate Schedule to Ordinance 2003-19.

Date	Ver.	Action By	Action	Result
9/3/2019	1	City Council	Approved	Pass

Agenda Item:  11(B)	Prepared By:  Guillermo Polanco
Business: Ordinance - First Reading	Department:    Finance

Subject:

Title

Ordinance - First Reading - Amending Exhibit “A” Utility Rate Schedule to Ordinance 2003-19.

Body                     

BACKGROUND: 

The attached Ordinance adopts the decrease of the capacity surcharge fees from 4% to 2% to start November 1, 2019.  Per the City’s debt service requirements for its capacity related bonds the surcharge fees can be decreased.

FUNDING SOURCE / FISCAL IMPACT:  The proposed fiscal year 2020 Utility Budget incorporates this decrease.

RECOMMENDATION:  Approval of the attached Ordinance authorizing the decrease in utility rates.

POTENTIAL MOTION:  “I move adoption of the Ordinance on first reading.