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An ordinance repealing Resolution No. RS2020-154 pertaining to the $10,000,000 annual Metro Water Services payment in lieu of taxes, and amending Chapter 15.32 of the Metropolitan Code to reduce water rates to offset the $10,000,000.
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WHEREAS, on December 3, 2019, the Metropolitan Council enacted Ordinance No. BL2019-45, as amended, which implemented a water and sewer rate increase; and
WHEREAS, as part of the rate increase approved by Ordinance No. BL2019-45, Metro Water Services (MWS) factored in a $10,000,000 additional annual payment in lieu of taxes to the Metropolitan Government; and
WHEREAS, on January 7, 2020, the Metropolitan Council approved Resolution No. RS2020-154 directing MWS to make a payment in lieu of ad valorem taxes on MWS property within the geographical jurisdiction of the Metropolitan Government to the general fund of the Metropolitan Government in the amount of $10,000,000 annually; and
WHEREAS, to date, general fund revenues of the Metropolitan Government have exceeded revenue projections by more than $10,000,000; and
WHEREAS, the Metropolitan Council has determined that it is in the best interest of the MWS ratepayers that the water rates be adjusted to reflect the repeal of the $10,000,000 annual payment in lieu of taxes.
NOW, THEREFORE, BE IT ENACTED BY THE COUNCIL OF THE METROPOLITAN GOVERNMENT OF NASHVILLE AND DAVIDSON COUNTY:
Section 1. That Resolution No. RS2020-154 is hereby repealed in its entirety. All monthly installments of the payments in lieu of taxes shall cease as of the effective date of this ordinance.
Section 2. That Section 15.32.020 of the Metropolitan Code is hereby amended by amending Table 15.32.020(a) to reduce the monthly meter charge for a 5/8" residential meter size by five cents ($0.05) per month, shown as follows:
Monthly Service Charge ($)
Meter Size (inches)
Year 2020
Year 2021
Year 2022
Year 2023
Year 2024
?
5.0904
5.3025
5.4540
5.6257
5.7974
Section 3. This Ordinance shall take effect fro...
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