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Page Two <br /> November 20, 1991 <br /> The rates are based on current expenditures for electricity plus the <br /> factors described above. The rates are meant to be nominal, while at <br /> the same time, provide for a sound, efficient and effective street light <br /> utility program. <br /> The payment program of the street light utility would be included in the <br /> quarterly water and sewer billing and would be. A single family home <br /> would see a quarterly bill of approximately $3 . 63. <br /> The cost projections are based on the same rate schedule for a 3 year <br /> period. <br /> At the November 12 meeting of the City Council the first reading of <br /> Ordinance No. 497 was approved. Ordinance No. 497 Approving the Street <br /> Light Utility is before the Council this meeting to have its second <br /> reading and to be formally adopted. <br />