Title
Approving the request of District Cooling St. Paul, Inc. to amend District Cooling rates for fiscal year 2012.
Body
WHEREAS, District Cooling St. Paul, Inc. filed notice and an official affidavit on August 18, 2011, notifying the City of Saint Paul of a proposed cooling rate change; and
WHEREAS, the cooling rate change became effective October 1, 2011, until approved or denied by the Saint Paul City Council pursuant to Section 11(e) of the Saint Paul Legislative Code, Appendix K - District Cooling Franchise; and
WHEREAS, evidence and recommendations have been presented to the City Council in the form of the attached City staff report submitted to the City Council on January 20, 2012, in conjunction with a public hearing on this matter; and
WHEREAS, the overall cooling system customer rates as proposed by District Cooling St. Paul, Inc. represent an average (at 1200 utilization hours) overall cost increase of 1.7% over fiscal year 2011's rates, and thus formal approval by City Council Resolution is required;
NOW, THEREFORE BE IT RESOLVED, that the City Council approves the following cooling system customer billing rates increase as proposed by District Cooling St. Paul, Inc. per the attached amended Schedule A:
1. The cooling demand rate increases from $26.30 to $26.69 per ton per month effective for fiscal year 2012.
2. The cooling energy rate increases from $0.085 to $0.087 per ton hour effective for fiscal year 2012.