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HomeMy WebLinkAboutO-1554c 1w, ORDINANCE NO. 1554 AN ORDINANCE TO AMEND AND ADD TO CHAPTER 21 UTILITIES AND SERVICES, ARTICLE III, WATER, FAIRHOPE CODE OF ORDINANCES BE IT ORDAINED BY THE GOVERNING BODY OF THE CITY OF FAIRHOPE, ALABAMA, as follows: Section 1. The Code of Ordinances, City of Fairhope, Alabama, Chapter 21, Utilities and Services, Article III - Water is hereby amended to reflect the following changes and additions: Article III. —WATER (c) Labor Cost Adjustment (LCA) Factor. The base rates set forth above may be adjusted periodically to account for permanent changes in labor -related revenue requirements (e.g., salaries and wages, pensions and benefits, etc.) that come about as a result of budget actions taken by the City Council for a fiscal year. Such adjustment, when approved by the City Council, shall be calculated as follows: LCA = 1 + ((TLCB - TLCBR) / BRRR) Where: TLCB = The total annual labor cost, in dollars, that is reflected in the water utility budget for the coming fiscal year, as approved by the Board. TLCBR = The total annual labor cost, in dollars, that is reflected in the current base water rates. BRRR = The total revenue requirement, in dollars, that is reflected in current base water rates. The LCA factor so calculated shall be applied to each retail rate set forth above such that it will result in new base water rates. Thus, when applied, a new TLCBR and BRRR will be established for future LCA calculations. The following accounts shall be used in the determination of total labor costs as reflected in TLCB and TLCBR: Collection Costs / Revenue Department Administrative Costs Salaries Payroll Taxes Retirement Expense Employee Retirement / Medical Insurance Casualty / Workers Compensation Insurance Section 2. All ordinances in conflict herewith be and the same are hereby repealed. Section 3. The sections, paragraphs, sentences, clauses and phrases of this ordinance are severable, and if any phrase, clause, sentence, paragraph or section of this ordinance shall be declared unconstitutional by a court of competent jurisdiction, then such ruling shall not affect any other paragraphs and sections, since the same would have been enacted by the municipality council without the incorporation of any such unconstitutional phrase, clause, sentence, paragraph or section. Section 4. This ordinance shall take effect immediately upon its due adoption and publication as required by law. ADOPTED THIS THE 12TH DAY OF NOVEMBER, 2015 O 1 O Attest: Asa A. H ks, M M C City Clerk