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HomeMy WebLinkAboutRES 900068 - LCRA Rebate Dec. 1989 UseRESOLUTION RIOT M A RESOLUTION AUTHORIZINGCITY STAFF TO CALCULATE AND POST A CREDIT TO UTILITY CUSTOMERS' ACCOUNTS FOR THE PROCEEDS OF THE REBATE RECEIVED FROM THE LOWER COLORADO RIVER AUTHORITY POR DECEMBER, 1961, USAGE, WHEREAS; the Lower Colorado River Authority (LCRA) has provided a one-time rebate to the City of Georgetown for December, 1969, electric usage, and WHEREAS, The City Council of the City of Georgetown wishes to rebate to the Ci,y's electric customers the rebate received from LGP1, NOW, THEREEOREr BE IT RE SOT BY THE CITY COUNCIL OF THE CITY OF GEORGETOWNF TESAS, THAT: Section I; The City's Director of Finance and Administration is directed to calculate the rebate amount for each customer, based on electric consumption which covers the period December 23; 1969 through December 25, 19891 and on the rebate received from LORA, The calculation shai' be based upon the ratio of each customer's kilowatt hour total for the billing period to total billed kilowatt hours trees the rebate amount_ Section II. The City's utility ofdice is directed to credit each electric account with the actual rebate amount calculated as provided Jr, Section I, above. Section III. The City Council understands that the rebate calculation and potting of rebate amounts for approximately 1,100 electric accounts wily require substantial additionaI effect. ,owever, city staff is hereby directed to complete these tasks on or before February 28, 1990, PASSED and APPROVED this { day of , 1990, ATTEST: Leslie Serene Devuty cite Secretary APPROVED, :.,m Renn'euy, ,a'iayor APPROVED AS TO FORMi Diane Callander, City Attorney