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RES NO 01-01-1978 RESOLUTION NO. 7?5 A RESOLUTION MODIFYING CONTRACT FOR SALE OF WATER SERVICE CHARGES AND WATER CONNECTION CHARGES AND FOR OTHER PURPOSES: WHEREAS, the cost of operating the Van Buren Water, and Sewer System has increased beyond the revenues collected; and, WHEREAS, the City of Van Buren is obligated to the payment of bonded indebtedness for construction of improvements and betterments to the system and the cost thereof and the cost of operating the Water system makes it necessary that such raise in rates be passed on to its customers; and, WHEREAS, because of a demonstrable increase in the cost of performance under existing contracts with Oak Grove Water Users Association, Inc., and Dora Rural Water Users Association, Inc., it is necessary for the City of Van Buren to modify the provisions of Section 3 and Section 6 of each of said contracts to increase coat of Service Charges and Tap Connection Charges to each of said Associations; NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF VAN BUREN, ARKANSAS: Section 1. That the rate for turn on and turn off fees to Oak Grove Water Users Association, Inc. and Dora Rural Water Users Association, Inc., under Section 3 of the existing contracts be and the same is modified to increase said rates from 52.00 Service Fee to $7,50. Section 2. That the rate of New Connection Fees to Oak Grove Water Users Association, Inc. and Dora Rural Water Users Association, Inc., under Section 6 of existing contracts be and the same is modified to increase said rates from existing 5175.00 to 5466.50. Section 3. The City Council hereby finds that said rates are reasonable and necessary to be charged for Water Turn On Services and Water Connection Fees, and it is necessary that same be charged and collected in order to produce sufficient revenue to pay outstanding bonds and interest thereof as they mature, and the cost of water purchases from the City of Fort Smith or produced by the City of Van Buren, Arkansas and together with the cost of the operation of the system. Section 4. All laws and parts of laws in conflict herewith and hereby repealed. Section 5. It is ascertained and declared that there is immediate need in order to procure approved water and to protect the health, lives and property of _y_ the inhabitants of the City of Van Buren, Arkansas, to charge and collect the rates hereinabove set out; therefore, an emergency is found:to exist, that this i resolution is necessary for the preservation of the public pease, health and safety, same shall take effect and be in force without delay and the same shall be charged against said Services sold and delivered after 1978. PASSED this day of 1978. APPROVED: Mayor ATTEST: r. City Clerk 4