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04-21-75-Resolution-Accepting and Approving the Sanger Electric System Operating Budget 1975-04/21/1975l�1(.nutes Apr.1. ?l.g 1.975 F�resent N Mayor Cornell_, Cooper, Hall, Rnl.ow, McDani.ol , Moore, Gentle, City Adm;n stratar l.New counr,i.l mergers Cooper, McDaniel,and Moore wore. sworn .nEd Moore was sworn. in as City Admi_ni.stra f;orT3 ,l1. Gentle was presented a. p1.a.clre in a.np.r.eri.a.-t,i-on. for h.s years off' service on the City Course l., �, Tt was moved by T1A i1_o'w and seconded by Mr,Dan.ol. th-at henry (Doper be elected Mayor I?ro�tome Cooper was e1_eeted by (9. unanimous vote, 3O The rni_nn; of April �, 1.9�5 were read and approved with a change in item 6 to read "®oaand opened 211_ other days, " i_nstea.d of every other day, " JI T 1.ec i;ri_cSystem Capi i-,al Tmr)&rovements for J,h.e mop th of February, 1975q Tt was moved by Cooper and seconded by Hall that -f;hn b .1.I. be (-paid, i�,rfot _on carried 5�0, 5. Sar7a;er F1cr,i;r_r, System's T3udget I:'ar year. end, n�; Dec, 3.1., 1.9'75 a Sanger Electrl_c presented a budget w _t'cr a 5'j() base increase rate inc l_uAed© There was cons.i.derable cll.scussi.on of the effect'of fool. ad justment cha.re;es, Mayor Cornell saw no a.l_te7^na t_ve to r. as_s ,;gig the rates .5/ s Tt was moved by Ilal l and seconded by Cooper that the budget be accepted as presented wi-th the 510 base rate increase to become effective with the May l bi.11.i_n`;® I;FSOTU'('TON WIlr1;I+,A.S, the San•a;er i+,1.,ect;r. i,c Sys-i-em h.a.s presented a.n opera.ti.ng br.adget for 1 975 to the Ci.. k;y council of the City of San, rer, I-exase and WITT+,I2I+AS, ope:r`ating expenses are expeci;ed -t;o-ncroa.se re� f1_er, tiny, growth i,n 1_oa.d ��nd the infl..ated s-l;a.t;e of th.e econom�r thereby neeessi ta.t ng a five ;percent i_nereasr in the base rate a, n d V JitI?,'.IAS, said l;i.-i;y Council of the Ci_t;\r oaf Sanger, Texas, rras reviewed the proposed rate i n.crea.se a,nd ha.s gi_vet�. du.o consideration .on. to va.ri.ou.s other sources of addi.-i, .onal revenue; a.nd .I W1-1 ,RFAS, said Cil.y Cou.nri_l. of the City of Sanger, Texas, has determli ned. there Is no a.l ternntive but; to approve the •{ proposed rate increase i l R P CTTY COUNCTI, OF i HF,N0V, TTRFO,i; 1F )RT CTIPY OF iAI CIRR 9 TFXAS A That said San{7;er EO_er,-t.r�.r, System 19'77 oper.a-i i.n�' bud,ti;e-L _s hereby accepted and appr.ovod, a.nd -i-,he f�i.ve per.rer�t in.cre��.se in base rates i s offocti_ve with the b _1.1..i n,g of i;'(a,y T, 1.9750 ��A��;1� AI'd1.� � I='T'ROV�;P by -the C;i.-I,y C'oun7oil. o-f —t;�a.e C;i_-ty of > <:i i'i °, � Y' p �I' C? .X. � �.� �; Il 1. c � �_`�' �� d a }r n f �1 I� �r' l 7_ � � � (5 a 6 a T-�ond ft�ndi.n<<r, For ft,?�h-?re el_c�c-trc s�jstem c;a.pi �t;a� .trt�r'ovements It�a.�,ror i�`ornel.l recommended th .s item be ��os�t,poned for a �'u i t.tr•e r,ot�ra_r 1. mer�-ti.nry;r T'r; sva.s mo�rhd bar (;Doper anal sec�orr.ded by" �-tall tha,1; mone�r he bOY`r041'r-?d From <-tnoi;her c..-t;y t.�n1;i 1 bonds 1.,.r.e s01 d, f 9 1 i e �-I. t�. \"� i) t� I.� y �_) A. t�. l.. t�. �t. k � t� A ! 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Ct V Ci .r" _t, f� A � �.'. �- e > i � 1 Y' e Ci e I l� a..C;1 o `) C?;;r P,ra.�t;hort,Sr on ;to; ,i_bi 1 .-c�/ o_ c.l_c�;=;i r�t4;� o:r.' 1>uy i nor; ls:i��a:�';,h�t.1.�f >`1;��caFa . 1.<t'h`, .O-�.W;l,tir, �iJ. t;�� �drfllY")1,� GY"d f;O:Y' d I ��('.11 �<Cf:'d ilO,-1;"r}�)1_�.1_-t:i7 O.I. ctt,(i �f,r,l �ti rn i n��� i,he �� i,r'E?e1; o^r sc1.l ira�; r„i_�rrt�o:t,P-�wa;y by ba..d, C.1;Sr f�dm,rt.t , -I_,r'<r f,or„ wa; d,.rer I;r;cl -to f.a-td or;tr_' _l.e�a1.S mty o:F c•7 0>�t.n��; dfad.r,�a.ted s �t,r(�ra-%�, Ni<a t,�t,c;Y, t;aY.tl.ed tzn f:a 1 ne�-t; mec;_�i.n{;; 8e O�t:her' rna�t;�l,e:c,cs_ -a , ,"I , I3 � 1i<�r.�.;;1 er' r'ecttte;-f:F�d �t,h�t�t: he l�>e �{1 1 owed -i_;a }aoalc ora. %O the C1.fy �h4). i;P,Y ;,r;,;tc?rrt h1r Cc-�r� �tYt?n i;,r-;��,; a 2 rac�;h 7__:ne k,o h.� : hata.se on 0� d �ftw�yo '��j, 'fhe r� ty �dm� t�ri;�i,ra.-r,o.r� wa.s clix'c.c,tc�d �t,.o ckr.ects with �i�he C:ount;ti� ora r(ararr_n.�; a wa�t4>t., I�rte, down 1�is�,�(uv<-,y r'i.,{�-I,'r;v=o:fmw��;y, 'fhe rnal,f;E�.r wrt;; t,a.b�I,ed t?t-a-ti_1 the nt�xt, Ineei,.i nf�,, ba 11; vdtt rno�red by Cooper and seconded b}r 6%�r�)arl_el_ t;o ct���n��;e is }`t e c� a -t;;y <; o t:t r-t r � 1 m r; e -t; i r, << i, _ rn e from '� s � � :t' n It!I , -1; ca '� d > � _(' ,1L� , I',9c> t; :i. o n c a rx' _ e cJ 5 -�. 0 T�t; wa roo�.rc,d by E;ralow and seconded by I-ta.1.]. t,h.a�t. -Lhe mee�ia_n.�� ��d jourrr£ 1'�oi:;.ort r,r=r�t ri_ed aYld mec;ti ra.tr, <td jou.r.nod a t; f� a �C ('t, ICI, -'�� n . �% r ,� ,, PQa. ��I or �T�I'F;r('' a RESOLUTION WHEREAS, the Sanger Electric System has presented an operating budget for 1975 to the City Council of the City of Sanger, Texas; and WHEREAS, operating expenses are expected to increase reflecting growth in load and the inflated state of the economy thereby necessitating a five percent increase in the base rate; and WHEREAS, said City Council of the City of Sanger, Texas, has reviewed the proposed rate increase and has given due consideration to various other sources of additional revenue; and W�IEREAS, said City Council of the City of Sanger, Texas, has determined there is no alternative but to approve the proposed rate increase; NOW,THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF' THE 11 CITY OF BANGER, TEXAS: J That said Sanger Electric System 1975 operating budget is hereby accepted and approved, and the five percent increase in base rates is effective with the billing of May 1, 1975. PASSED AND APPROVED by the City Council of the City of Sanger, Texas this 21st day of April, 1975. ATTEST: City Admin strator APPROVED; M�iyor