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86 ORDINANCE 1985.67 AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF SAN MARCOS, TEXAS, DENYING A RATE INCREASE REQUEST OF THE LOWER COLORADO RIVER AUTHORITY IN SAID CITY; DETERMINING REASONABLE RATES; PROVIDING FOR SCHEDULES, SEVERABILITY AND REPEAL OF CONFLICTING ORDINANCES; AND DECLARING AN EMERGENCY. WHEREAS, on November 30, 1984, the Lower Colorado River Authority ("LCRA" or II Authori ty") filed with the City of San Marcos a request for an increase in electric utility rates to be charged within the City in the amount of approximately $35.1 million per annum; and WHEREAS, said City, having suspended the effective date of such proposed lncrease from January 7, 1985, and having considered the same at a public hearing, is of the opinion and finds that the rates of LCRA should not be adjusted and a rate increase should not be granted; now, therefore, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF SAN MARCOS, TEXAS: SECTION 1. That it is hereby determined that the rates, tariffs and charges found in LCRA I s filing of November 30, 1984 are unjust and unreasonable and it is determined that the just and reasonable rates to be charged by LCRA for electric power and energy sold within the City are those rates charged by LCRA as of November 30, 1984. Such Schedules of Rates, in effect on November 30, 1984 as are approved in accordance herewith, are those under which said Authority shall be authorized to render electric service and to collect charges from its customers for the sale of electric power and energy within the corporate limits of the City until such time as said Rate Schedules may be changed, modified, amended, or withdrawn, with the approval of the City Council. SECTION 2. That the action of the City Council of the City of San Marcos, Texas, enacting this Ordinance constitutes, on the date of its final passage, a final determination of rates for LCRA within said City. SECTION 3. That nothing in this Ordinance shall be construed now or hereafter as limiting or modifying, in any manner, the right and power of said City under the law to regulate the rates and charges of the LCRA. SECTION 4. That the importance of this Ordinance creates an emergency and an imperative public necessity so that the provisions of the Charter requiring that ordinances shall be presented at three separate meetings and that no ordinance shall become effective until the expiration of ten (10) days following the date of its final passage be suspended, and these provisions are hereby suspended, and this Ordinance shall take effect and be in full force and effect from and after its adoption and after its publication in a newspaper of general circulation in the area as required by the Charter of the City of San Marcos, Texas.