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069.2000 RESOLUTION SETTING PUBLIC HEARING ON PROPOSED WATER RATE INCREASE FOR SHORE COLONY WATER DISTRICT RESOLUTION NO. 69, 2000 INTRODUCED BY: Mr. Tim Brewer WHO MOVED FOR ITS ADOPTION SECONDED BY: Mr. Daniel Stec WHEREAS, the Town of Queensbury previously established water rates for the Shore Colony Water District, and WHEREAS, in past years the Shore Colony Water District has generated a disproportionate share of its revenue from property taxes which should be used to fund only debt service and other capital expenditures and that, at the expense to property taxpayers, the rates charged to water uses have been artificially low, and WHEREAS, the year 2000 budget adopted by the Town Board reallocated revenue sources to correct this inequity and discrepancy by lowering year 2000 tax rates in the Shore Colony Water District from $1.034 to $.608 per $1,000 and it is necessary to generate revenue from water users to offset the reduced property taxes, and WHEREAS, the Water Superintendent now recommends that the Town Board raise the Shore st Colony Water District water rates from $69 to $120 per year, to be billed during the May 1, 2000 billing, and WHEREAS, the Town Board wishes to set a public hearing concerning the proposed new water rates, NOW, THEREFORE, BE IT RESOLVED, that the Town Board of the Town of Queensbury shall hold a public hearing on th March 6, 2000 at 7:00 p.m. at the Queensbury Activities Center, 742 Bay Road, Queensbury to hear all interested parties and citizens concerning the proposed water rate increases for the Shore Colony Water District, and BE IT FURTHER, RESOLVED, that the Town Board hereby authorizes and directs the Queensbury Town Clerk to publish a Notice of Hearing in the official newspaper for the Town not less than five (5) days prior to the hearing date. th Duly adopted this 14 day of February, 2000, by the following vote: AYES : Mr. Stec, Mr. Brewer, Mr. Martin, Mr.Turner, Mr. Brower NOES : None ABSENT: None