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<br /> 106 <br /> RESOLUTION 1994- 38 R <br /> A RESOLUTION OF THE CITY COUNCIL OF THE CITY <br /> OF SAN MARCOS, TEXAS, APPROVING AN ADJUSTED <br /> REFUND OF EXCESS ELECTRIC UTILITY PAYMENTS IN <br /> THE AMOUNT OF $198,158.18 TO SOUTHWEST TEXAS <br /> STATE UNIVERSITY; AND DECLARING AN EFFECTIVE <br /> DATE. <br /> RECITALS <br /> L The city Council approved refunds in the amount of <br /> $267,763.77 to Southwest Texas State University (SWTSU) based upon <br /> elimination of the demand ratchet provision in San Marcos Electric <br /> utility Rate Schedule LGS during the period from July, 1991 to <br /> April, 1993, in Resolution 1993-98. <br /> 2. The City staff and electric utility rate consultant, Fred <br /> Saffer, have recalculated the refund amount due to SWTSU through <br /> November 25, 1993 as $198,158.18, based upon the difference between <br /> Schedule LGS and Schedule LPS actual billings to SWTSU and the <br /> Schedule COG billings applicable to service to SWTSU between May <br /> 20, 1993 and November 25, 1993. <br /> ~ <br /> BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SAN MARCOS, <br /> TEXAS: <br /> PART 1. That a refund of excess electric utility paYments in <br /> the adjusted amount of $198,158.18 from the city to SWTSU is hereby <br /> approved. <br /> PART 2. That this refund shall be provided as twelve monthly <br /> credits against SWTSU's electric service bills from the city <br /> beginning in March, 1994, with the first eleven credits being in <br /> the amount of $16,513.18 each and the final credit being in the <br /> amount of $16,513.20. <br /> PART 3. That this Resolution shall be in full force and <br /> effect from and after its passage. <br /> ADOPTED iliis 28th day Of~YiB:~~ <br /> /ayor <br /> Att~st:1 <br /> ~~~ ø;"þ/) <br /> J nlS K. Womack <br /> City Secretary <br />