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HomeMy WebLinkAboutRESO 9770DocuSign Envelope ID: 634EC389-2DF0-4F40-B2F4-8ADBA46BC34E Resolution No. 9770 Resolution of the Council of the City of Palo Alto Amending Utility Rate Schedule D-1 (Storm and Surface Water Drainage) Increasing the Storm Water Management Fee Rates by 2.9% Per Month Per Equivalent Residential Unit for Fiscal Year 2019 The Council of the City of Palo Alto RESOLVES as follows: SECTION 1. Pursuant to Section 12.20.010 of the Palo Alto Municipal Code, Utility Rate Schedule D-1 (Storm and Surface Water Drainage) is hereby amended to read in accordance with sheet D-1-1, attached hereto and incorporated herein. The foregoing Utility Rate Schedule, as amended, shall become effective July 1, 2018. II II II II II SECTION 2. The Council finds as follows: a. This annual inflation adjustment is being imposed to offset the effects of inflation on labor and material costs, as authorized by the voter-approved Storm Water Management Fee, which was approved by a majority of Palo Alto property owners on April 11, 2017. b. Revenues derived from the Fee approved by this resolution do not exceed the funds required to provide storm and surface water drainage service. c. Revenues derived from the Fee approved by this resolution shall not be used for any purpose other than providing storm and surface water drainage service, and the purposes set forth in Article VII, Section 2, of the Charter of the City of Palo Alto. d. The amount of the Fee imposed upon any parcel or person as an incident of property ownership shall not exceed the proportional cost of providing the storm and surface water drainage service attributable to the parcel.