HomeMy WebLinkAboutReso 95-231 - Reducing the minimum Qualification level for the Citys eligibility criteria for incentive & Economic dev electric rates Eff 10/18/95 ' . r � •
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RESOLUTION NO. 95-23 /
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
REDDING REDUCING THE MINIMUM QUALIFICATION
LEVEL FOR THE CITY'S ELIGIBILITY CRITERIA FOR
INCENTIVE AND ECONOMIC DEVELOPMENT ELECTRIC
RATES TO CUSTOMERS WITHIN TI�E SERVICE AREA OF
THE CITY OF REDDING ELECTRIC UTILITY, EFFECTIVE
OCTOBER 18, 1995.
WHEREAS, the City of Redding Electric Utility provides incentives in the
form of reduced electric rates to qualifying nonresidential electric customers; and
WHEREAS, the Electric Utility has recommended that the minimum
qualification level for incentive rates be reduced from 200kW to 100kW to attract
small- and medium-sized firms; it is estimated that another 100 customers will be
eligible for the incentive rate program, with the potential to shift an additional 2 to 3
MWs from on-peak to off-peak periods; and
WHEREAS, reducing the incentive rates and providing quality electric services
at specially designed, highly competitive prices, will also enhance the desirability of
Redding as a place for firms to locate and grow;
NOW, THEREFORE, IT IS HEREBY RESOLVED by the City Council of
the City of Redding that the minimum qualification level for incentive and economic
development electric rates to customers within the service area of the City of Redding
Electric Utility be reduced to 100kW, effective October 18, 1995. �
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BE IT FLJRTHER RESOLVED that the City Clerk and the Director of �
Finance of the City of Redding are directed to maintain available certified copies of
this resolution in their respective offices for inspection and review by any interested �
person or persons. (�
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Resolution No. 95- 23�
I HEREBY CERTIFY that the foregoing resolution reducing the City's
minimum qualifying level for incentive rates to qualifying nonresidential electric
customers was introduced, read, and adopted at a regular meeting of the City Council
of the City of Redding on the 17th day of October, 1995, by the following vote:
AYES: COUNCIL MEMBERS: R. Anderson, McGeorge, Murray and Kehoe
NOES: COUNCIL MEMBERS: None
ABSENT: COUNCIL MEMBERS: P. Anderson
ABSTAIN: COUNCIL MEMBERS: None
G�/'� ..
DAVID . KEHOE, ayor
ATTEST:
CONNIE STROHMAYE , City Clerk
FORM APPRQVED:
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W. LEONARD WINC��E, City Attorney
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