ORDINANCE NO. 2017-03

AN ORDINANCE MODIFYING THE ELECTRIC 
RATES OF THE VILLAGE OF LAKEVIEW, OHIO
AND DECLARING AN EMERGENCY

WHEREAS, the Village of Lakeview (hereinafter Village) has retained Courtney & Associates, Public Utility Consultants, to prepare an Electric Rate and Functionalized Cost of Service Study (Electric Rate Study); and

WHEREAS, it is anticipated that the Electric Rate Study will be completed in the near future, and

WHEREAS, the Courtney & Associates has recommended that the Village freeze its Power Cost Adjustment at $0.048800 per KWH until such time as the Electric Rate Study has been completed;

WHEREAS, the Village Administrator and Village Council concurs with Courtney & Associates recommendation;

NOW, THEREFORE, BE IT ORDAINED by the Council of the Village of Lakeview, State of Ohio, that:

SECTION I

 Effective with bills rendered after the effective date of this Ordinance, the Power Cost Adjustment shall be set at $0.048800 per KWH until further notice.

SECTION II

This Ordinance is hereby declared to be an emergency measure necessary for the immediate preservation of the public peace, health and safety of the Village of Lakeview, Ohio and for the further reason that the immediate adoption of this ordinance will mitigate the impact of future power cost increases until the Electric Rate Study has been completed wherefore this ordinance shall be in effect at the earliest date provided by law.

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Passed      					Approved

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Clerk Rebecca Larrabee			Mayor Ryan Shoffstall