Minutes 11/02/2000 - Laserfiche WebLink

Home Browse Search

November 2, 2000 24 9 A work session meeting of the Council of the City of Martinsville, Virginia, was held to discuss water and sewer rates on November 2, 2000, beginning at 11:09 A. M:, in the Administrative Conference Room, Municipal Building, with Mayor Mark Crabtree presiding. Council Members present included: Mark A. Crabtree, Mayor; M. Gene Teague, Vice Mayor; and Council Members Bruce H. T. Dallas, J. Ronald Ferrill, and Terry L. Roop. Earl B. Reynolds, Jr., City Manager, stated, "The original water system was completed in 1893, and the last site built was in 1948. The Reservoir was built in 1953 and stores 1.3 billion gallons of water. Finished water storage holds 5.7 million gallons of water. The sewer plant was built in 1964 and expanded in 1987. There is no debt associated with capital costs. The City has among the lowest combined water/sewer rates in the State and has had only two rate increases in eighteen years. In the past, the historical consumption pattem has resulted in 40% textile related and 60% other. Our goals are to: Provide sufficient funds and cash flow to support normal operating expenditures required for the proper operation and maintenance of treatment plants and associated infrastructure. Provide sufficient funds for non-routine repairs and maintenance, for special projects needed for improved efficiency or regulatory compliance, and for installation of underground water and sewer systems as required by the City's Subdivision Ordinance without incurring debt. Provide adequate fund balances in each operating fund to guard against incurring debt to finance major infrastructure replacement/repairs and maintain reserves that will reduce the impact of major unanticipated expenditures or significantly reduced revenues. Keep combined water and sewer rates competitive with the area and among the lowest in the State. Provide sufficient funds to continue necessary transfers from the Water Fund to support the General Fund operations.