C 07 AUSTI Austin City Council MINUTES For SPECIAL CALLED MEETING November 07, 1988 Council Chambers, 307 West Second Street, Austin, Texas - 3:00 Ρ.Μ. Mayor Cooke called to order the special called meeting of the Council, noting the absence of Councilmember CarlMitchell1. The Mayor also announced that Mayor Pro Tem Shipman would be leaving the Council Chamber at 4:00 P.M. PUBLIC HEARING - ELECTRIC RATES Mayor Cooke opened the public hearing concerning recommendations of the Utility Hearing Examiner as to rates and charges for sales made and services rendered by the Electric Light and Power Works and System of the City of Austin. Speaker's cards are on file in the City Clerk's office. Motion The Council, on Councilmember Nofziger's motion, Councilmember Barnstone's second, closed the public hearing and set this item for action November 10, 1988.(5-0 Vote Councilmember Carl-Mitchell absent, and Mayor Pro Tem Shipman absent after leaving the Council Chamber at 4:00 P.M. during the hearing.) PUBLIC HEARING - WATER AND SEWER (WASTEWATER) RATES Mayor Cooke opened the public hearing on water and sewer (wastewater) rates. Speaker's cards are on file in the City Clerk's office. Motion The Council, on Councilmember Humphrey's motion, Councilmember Nofziger's second, closed the public hearing, (4-0 Vote, Mayor Pro Tem Shipman and Councilmember CarlMitchell absent, Councilmember Urdy out of the room.) ! Council Memo RECESS 2 11/7/88 Council recessed from 5:10 P.M. to 5:30P.M. to hold an executive session which was scheduled during the 4:00P.M. Special Council Meeting. (See minutes from that meeting to determine items discussed.) ORDINANCES The Council, on Councilmember Barnstone's motion, Mayor Cooke's second, waived the requirement for three readings and finally passed two ordinances, amending the FY 1988-89 Operating Budget as follows: (5-0 Vote, Mayor Pro Tem Shipman and Councilmember Carl-Mitchell absent) a. Electric Utility Department 1. Increase joint project O&M by $14,742,183; 2. Increase debt service requirements by $8,415,865; 3. Decrease fuel expenses by $10,059,100; 4. Increase base revenues by $19,808,843; 5. Decrease fuel revenues by $6,462,783; 6. Increase interest income by $846,541; and 7. Decrease the transfer to the Capital Budget by $9,162,465; b. Electric Utility Department: Decrease transfer from Operating Budget by $9,162,465; addition of an appropriation for the STP by $7,861,000; abd deletion of the appropriation for the Limestone Electric Generating Station of $45,249,000; addition of the estimate for the STP of $57,415,000; and delete the $134,342,000 estimate for the Limestone Electric Generating Station. The Council, on Councilmember Urdy's motion, Councilmember Barnstone's second, waived the requirement for three readings and finally passed the following ordinances amending the FY 1988-89 Operating Budget as follows: (5-0 Vote, Mayor Pro Tem Shipman and Councilmember Carl-Mitchell absent) a. Water and Wastewater Utility Department ADJOURNMENT 1. Decrease debt service requirements by $5,238,936; 2. Decrease interest income by $96,000; and 3. Increase the transfer to the Capital Budget by $5,000,000. b. Water and Wastewater Utility Department: Increase transfer from Operating Budget by $5,000,000. Council adjourned its meeting at 5:42 Ρ.Μ.