HomeMy WebLinkAboutReso 98-081 - Adopting an economic attraction Serv into the City's Electrical Municipal utility Schedule of Rates _..' ' • � �
RESOLUTION NO. 98-�
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF REDDING ADOPTING
AN ECONOMIC ATTRACTION SERVICE INTO THE CITY'S ELECTRICAL
MUNICIPAL UTILITY SCHEDULE OF RATES. THE ECONOMIC ATTRACTIOI�
SERVICE PROVIDES A FLEXIBLE, CUST�MIZED RATE AS AN ECONOMLC
DEVELOPMENT TOOL TO ATTRACT MANUFACTURING AND INDUSTRIAL
CUSTOMERS TO THE CITY OF REDDING.
WHEREAS, Section 16.12.320 of the Redding Municipal Code provides that the City
Council shall establish electric utility rates by Resolution; and
WHEREAS, for the reasons set forth in the attached Report to City Council, it has been
recommended that the City Council adopt a new Economic Attraction Service. This service
would be structured as an individualized, negotiated, incentive based rate for prospective
manufacturing and industrial customers. Copies of the Economic Attraction Service which are
attached hereto and incorporated herein by reference; and
WHEREAS, the City Council has carefully considered this recommendation, and deems
it to be in the best interests of the City of Redding to establish a new Economic Attraction
Service, effective , 1998. A new Economic Attraction Service should help stimulate the
local economy by attracting new customers and jobs to the City. In addition to contributin� to the
economic vitality of the community, manufacturing and industrial companies can contribute
significantly to electric revenues.
NOW, THEREFORE, I'T IS HEREBY RESOLVED that the City Council of the City
of Redding, pursuant to the provisions of Section 16.12.320 of the Redding Municipal Code,
deems it is in the best interest of the City's Electric Utility customers that the attached Economic
Attraction Service be adopted:
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I HEREBY CERTIFY that the foregoing Resolution was introduced, read, and adopted at a
regular meeting of the City Council on the 2nd day of June, 1998, by the following vote:
AYES: COUNCIL MEMBERS: Anderson, Cibula, Kight, McGeorge and Kehoe
NOES: COUNCIL MEMBERS: None
ABSENT: COUNCIL MEMBERS: None
ABSTAIN: COUNCIL MEMBERS: None
AVID KE E, Mayor
Attest: Form Approved:
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Connie Strohmayer, Clerk W. Leonard Wingat , ity Attorney