ALBUQUERQUE BERNALILLO COUNTY
WATER UTILITY AUTHORITY
BILL NO. O-18-4 _
ORDINANCE
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Amending the Albuquerque Bernalillo County Water Utility Authority Water and Sewer Rate Ordinance to Update the Utility Financial Policy to Establish a Water 2120 Fund (R-16-12); Update the Minimum Committed Expenditures to $40 Million in the Water and Sewer Rehabilitation Fund; Update the Utility Expansion Charge, Water Supply Charge, Septic Tank, and Chemical Toilet Charge by 2.60% Based on the Engineering News Report Index; and Update Appendix C Post Issuance Compliance Policy
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NOW, THEREFORE, BE IT ORDAINED BY THE BOARD, THE GOVERNING BODY OF THE WATER AUTHORITY:
Section 1. Section 1 is amended as follows:
Section 1 WATER AND SEWER RATES
1-1-1. SHORT TITLE.
This Ordinance will be known and may be cited as the "Albuquerque Bernalillo County Water Utility Authority Water and Sewer Rate Ordinance."
1-1-2. COMPUTATION OF REVENUES, EXPENSES AND DEBT SERVICE; DETERMINATION OF DEBT COVERAGE; REQUIRED MONTHLY FIXED CHARGE.
(A) Definition of Terms.
AWWA. American Water Works Association.
CONSUMERS ASSOCIATION (CMDWWCA). Non-profit organization generally located in the Carnuel land grant established in 2001 under the laws of New Mexico Sanitary Projects Act.
COST OF SERVICE. A rate setting methodology that is legally and fiscally required by bond covenants which sets sewer charges based upon EPA guidelines, uses a standard rate setting approach within the industry, requires users to pay their proportionate cost of the system and creates equity within classes of customers and among classes of customers.
CITY. The City of Albuquerque, New Mexico.
COUNTY. Bernalillo County, New Mexico.
CUSTOMER. Any person, association, corporation, or entity receiving Utility service, related products or services in the metropolitan Service Area.
DEBT SERVICE REQUIREMENTS. With respect to System Obligations for any given period, the sum of: (1) ...
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