File #: 2010-0262    Version:
Type: Ordinance Status: Passed
File created: 4/26/2010 In control: Budget and Fiscal Management Committee
On agenda: 6/7/2010 Final action: 6/14/2010
Enactment date: 6/16/2010 Enactment #: 16858
Title: AN ORDINANCE determining the monetary requirements for the disposal of sewage for the fiscal year beginning January 1, 2011, and ending December 31, 2011, setting the sewer rate for the fiscal year beginning January 1, 2011, and ending December 31, 2011, and approving the amount of the sewage treatment capacity charge for 2011, in accordance with RCW 35.58.570; and amending Ordinance 12353, Section 2, as amended, and K.C.C. 4.90.010, and Ordinance 11398, Section 1, as amended, and K.C.C. 28.84.055.
Sponsors: Julia Patterson
Indexes: Sewage
Attachments: 1. 16858.pdf, 2. 2010-0262 2011 Monthly Sewer Rate and Capacity Charge Issue Paper.doc, 3. 2010-0262 Fiscal Note -2011 Proposed Rate.xls, 4. 2010-0262 Transmittal Letter.DOC, 5. 2010-0262Attachment 4 - Metropolitan Water Pollution Abatement Advisory Committee letter.pdf, 6. A. Water Treatment Division Financial Plan for the 2011 Proposed Sewer Rate, 7. 2010-0262 RWQC Staff Report - Proposed 2011 Sewer Rate and Capacity Charge (05-05-10), 8. 2010-0262 Attachment 1 Transmittal ltr re rate&capacity chg leg, 9. 2010-0262 Attachment 2 2011 WTD Financial Plan, 10. 2010-0262 Attachment 3 2011 Rate & Capacity Charge Issue Paper, 11. 2010-0262 - RWQC Powerpoint presentation - WTD 2011 Sewer Rate (05 05 10), 12. Staff Report 05-18-2010, 13. Staff Report with attachments 05-18-2010, 14. Handout 05-18-2010 - MWPAAC Ltr dated April 28, 2012, 15. Staff Report 06-08-10, 16. FW 2011 Sewer Rate .msg, 17. FW amendment for sewer rate.msg, 18. Revised Staff Report, 19. A. Wastewater Treatment Division Financial Plan for the 2011 Amended Proposed Sewer Rate, 20. Amendment #1 - 6/14/10.pdf, 21. 2010-0262 hearing notice.doc
Title
AN ORDINANCE determining the monetary requirements for the disposal of sewage for the fiscal year beginning January 1, 2011, and ending December 31, 2011, setting the sewer rate for the fiscal year beginning January 1, 2011, and ending December 31, 2011, and approving the amount of the sewage treatment capacity charge for 2011, in accordance with RCW 35.58.570; and amending Ordinance 12353, Section 2, as amended, and K.C.C. 4.90.010, and Ordinance 11398, Section 1, as amended, and K.C.C. 28.84.055.
Body
BE IT ORDAINED BY THE COUNCIL OF KING COUNTY:
SECTION 1. Ordinance 12353, Section 2, as amended, and K.C.C. 4.90.010 are each hereby amended to read as follows:
A. Having determined the monetary requirements for the disposal of sewage, the council hereby adopts a ((2010)) 2011 sewer rate of ((thirty-one dollars and ninety cents)) thirty-six dollars and ten cents per residential customer equivalent per month. Once a sewer rate ordinance becomes effective, the clerk of the council is directed to deliver a copy of that ordinance to each agency having an agreement for sewage disposal with King County.
B. The King County council approves the application of Statement of Financial Accounting Standards No. 71 (FAS 71) to treat pollution remediation obligations and the first year start-up costs after construction on new plants as regulatory assets, and establish a rate stabilization reserve for the purpose of leveling rates between years.
C. As required for FAS 71 application, amounts are to be placed in the rate stabilization reserve from operating revenues and removed from the calculation of debt service coverage. The reserve balance shall be an amount at least sufficient to maintain a level sewer rate between ((2009 and 2010)) 2011 and 2012, and shall be used solely for the purposes of: maintaining the level sewer rate in ((2010)) 2012; and if additional reserve balance is available, moderating future rate increases beyond ((2010)) 2012. If the esti...

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