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114.2000 RESOLUTION AUTHORIZING RATE INCREASE FOR SHORE COLONY WATER DISTRICT RESOLUTION NO. 114. 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 recommended 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 th WHEREAS, the Town Board duly held a public hearing on March 6, 2000 concerning the proposed rate increase and all interested persons were heard, NOW, THEREFORE, BE IT RESOLVED, that the Town Board of the Town of Queensbury hereby authorizes and directs the increase of the Shore Colony Water District rates from $69 to $120 per year to be billed during the st May 1, 2000 billing, and BE IT FURTHER, RESOLVED, that the Town Board further authorizes and directs the Town Water Superintendent and/or Town Comptroller to take such other and further action as may be necessary to effectuate the terms of this Resolution. th Duly adopted this 6 day of March, 2000 by the following vote: AYES : Mr. Martin, Mr. Turner, Mr. Stec, Mr. Brewer, Mr. Brower NOES : None ABSENT:None 2