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Sponsored by: Oates <br /> CITY OF SEWARD, ALASKA <br /> RESOLUTION 2009 -115 <br /> A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF <br /> SEWARD, ALASKA, AMENDING THE ELECTRIC RATES AND <br /> CHARGES TARIFF TO INCLUDE AUTOMATIC ANNUAL <br /> ADJUSTMENTS TO ALL RATES AND FEES BY AN AMOUNT <br /> EQUAL TO THE PREVIOUS FIVE FULL YEARS' AVERAGE <br /> INCREASE IN THE ANCHORAGE CONSUMER PRICE INDEX FOR <br /> ALL URBAN CONSUMERS, AND AUTOMATIC PASS - THROUGH <br /> OF RATE INCREASES FROM CHUGACH ELECTRIC <br /> ASSOCIATION <br /> WIIEREAS, the Seward City Council conducted extensive public rate review work sessions <br /> for thc purpose of addressing critical infrastructure and operational needs of the Electric Utility; and <br /> WHEREAS, the Seward City Council recommends that rates be adjusted to Seward Public <br /> Utilities electric customers effective January 1, 2010, to pass along the October 9, 2009 billed rate <br /> increases from Chugach Electric Association to the City as approved by the Regulatory Commission <br /> of Alaska ( "RCA "); and <br /> WHEREAS, the Council finds that it is in the financial interests of the Electric Utility to <br /> pass along future Chugach rate adjustments to our customers when approved by the RCA; and <br /> heretofore authorizes those rate increases to be made automatically at the time the City's rate <br /> adjustment becomes effective; and <br /> WHEREAS, the Council seeks to incrementally increase rates to customers in order to <br /> address the growing infrastructure and operational needs of the electric utility, while avoiding single - <br /> year larger rate increases; and <br /> WHEREAS, to that end, Council approves changes to the Electric Tariffas attached hereto <br /> in "Electric Rates & Charges 2010 ", effective January 1, 2010, to include a 5% rate increase to all <br /> rate classes and all fees, with thc exception of monthly deposits, with door hanger, NSF check, and <br /> monthly late fees being increased to bring them more in line with current industry standards; and <br /> WHEREAS, the Council further approves changes to the Electric Tariffas attached hereto <br /> in "Electric Rates & Charges 2011" to be effective January 1, 2011, to include a 5°A rate increase to <br /> all rate classes all fees, with the exception of monthly deposits. <br /> NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY <br /> OF SEWARD, ALASKA that: <br />