04182006 Regular Meeting - Laserfiche WebLink

Home Browse Search

8 . Regular Meeting April 18, 2006 Page 8 cannot raise base rates for any purpose over the next three years. This means Centerpoint cannot increase its base rates on account of (a) inflation or escalation in the cost of goods or services; (b) hurricanes weather events; (c) escalation in the cost of labor or benefits; or (d) increase in the cost of the installation, relocation or replacement of pipes. 3. After the expiration of the rate freeze, Centerpoint can only raise base rates if it first files with the ACM Cities. CenterPoint will not file at the Railroad Commission for a rate increase in the unincorporated areas before it files with the ACM Cities. 4. CenterPoint will not be allowed to file a general rate case without publishing notice in a specific, conspicuous manner described in the Settlement Agreement. 5. The rate case related expenses of CenterPoint, and the expenses of attorneys and consultants for the ACM Cities will be borne by CenterPoint shareholders. This means that none of these costs will be borne by Centerpoint ratepayers. 6. CenterPoint has agreed to pay the ACM Cities the sum of $414,000.00 for "other claims". This sum will be borne by CenterPoint shareholders, and will be distributed to the ACM Cities to be used as directed by the individual cities for the benefit of their citizens. He stated San Marcos will be receiving about $19,000.00 as part of the settlement. Mr. Jones stated if the City opposes this settlement, then the cost would be more. He stated he is disappointed with CenterPoint and feels they did an injustice to the citizens. Mayor Narvaiz stated she agreed with Mr. Jones. She thanked the Staff for their hard work on this case. She stated she would like for Council to consider placing the $19,000.00 settlement from Centerpoint in a fund to help people who are unable to pay utility bills. The Council then voted unanimously for adoption of the Ordinance on emergency. 01 I Mayor Narvaiz introduced for consideration approval of an Annexation Ordinance on first reading, the caption which was read as follows: AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF SAN MARCOS, TEXAS, ANNEXING TO THE CITY AN AREA CONSISTING OF 30.17 ACRES, MORE OR LESS, LOCATED IN THE 1200 - 1400 BLOCKS OF CENTERPOINT ROAD (EDWARDS TRACT); APPROVING A SERVICE PLAN FOR THIS AREA; AND INCLUDING PROCEDURAL PROVISIONS. Mr. Mihalkanin moved for approval of the Ordinance on first reading, and Mr. Guerrero seconded the motion, which passed unanimously. Mayor Narvaiz introduced for consideration adoption of a Resolution, the caption which was read as follows: A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN MARCOS, TEXAS, APPROVING THE ALLOCATION OF 2006 COMMUNITY DEVELOPMENT BLOCK GRANT (CDBG) FUNDING; AUTHORIZING THE CITY MANAGER TO ACT AS THE OFFICIAL I