Long Beach, CA
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File #: 22-109WA    Version: 1 Name: Recommendation to approve a one-time utility rebate to all current water customers of the Long Beach Water Department, to be applied pro-rata based on customer account meter size in a total amount not to exceed $21,832,202 and direct the General Manager t
Type: WA-Agenda Item Status: Approved
File created: 5/5/2022 In control: Water Commission
On agenda: 5/12/2022 Final action: 5/12/2022
Title: Recommendation to approve a one-time utility rebate to all current water customers of the Long Beach Water Department, to be applied pro-rata based on customer account meter size in a total amount not to exceed $21,832,202 and direct the General Manager to take such actions as necessary to provide the rebate upon receipt of the funds from the City’s General Fund.
Attachments: 1. 2022 05-12 16 Measure M Customer Credit CG

TITLE

Recommendation to approve a one-time utility rebate to all current water customers of the Long Beach Water Department, to be applied pro-rata based on customer account meter size in a total amount not to exceed $21,832,202 and direct the General Manager to take such actions as necessary to provide the rebate upon receipt of the funds from the City’s General Fund.

 

FISCAL IMPACT

The Department will receive a $21,832,202 payment within approximately 180 days to fund a one-time water customer credit and will be applied pro-rata to customer accounts once the funds are received. 

 

SUGGESTED ACTION

Approve recommendation.