HomeMy WebLinkAboutOrdinance 2281
ORDINANCE NO. 2281
WHEREAS, the City of North Richland Hills has made a commitment to provide
the most accurate and efficient meter reading and billing service to its water and
sewer customers; and
WHEREAS, the City of North Richland Hills has had a program of replacing old
inefficient manually read water meters with new electronically read water meters
since 1992; and
WHEREAS, the City desires to replace all of its old manual meters with
telemetric meters as soon as possible; and to realize the full benefit of the
program; and
WHEREAS, this meter replacement program will prevent substantial water loss
and thus increase revenues to the system in excess of the cost of the
replacement of the meters.
NOW THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY
OF NORTH RICH LAND HILLS, TEXAS, THAT:
1.
The meter replacement program be completed as soon as possible.
2.
A financing plan not to exceed five years be established adding $1,800,000 to
the 1998 debt issuance schedule to be used to purchase and install meters and
pay for debt issuance expenses.
3.
The appropriate funding be included in the budget each year for the next five
years to pay for the debt principal and interest.
PASSED AN[}APPROVED BY THE CITY COUNCIL OF THE CITY OF NORTH
RICHLAND HILLS, TEXAS THIS THE 23rd day of February, 1998.
APPROVED:
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Tommy mown, ayor
ATTEST:
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atricia Hutson, City Secretary
APPROVED AS TO CONTENT:
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Larry ~o~~l Director of Finance