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CITY COMMISSION AGENDA ITEM |
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Department: |
Utilities |
Commission Meeting Date: July 11, 2017 |
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Staff Contact: |
Beth Krishtalka |
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Recommendations/Options/Action Requested: |
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Adopt on first reading, Ordinance No. 9375, establishing 2018 water and sewer rates, and a five-year schedule of system development charges. |
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Executive Summary: |
On June 13, 2017, staff provided the City Commission with an overview of recommended water and sewer rates and system development charges for the five-year period beginning 2018, including a new irrigation class, based on rate model factors such as capital infrastructure program needs, community growth assumptions, customer accounts and capital financing costs.
Ordinance No. 9375 amends certain City Code Sections to establish 2018 water and sewer rates and a five-year schedule (2018 through 2022) of system development charges. Code Section 19-318 is concurrently amended to reflect the available low-income guidelines (110% of the Federal poverty level) for low-income, elderly person eligibility for reduced water and sewer charges.
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Strategic Goal Area: |
Innovative Infrastructure and Asset Management Sound Fiscal Stewardship Core Services |
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Fiscal Impact (Amount/Source): |
The fiscal impact to the City will be increases in annual revenue commensurate with appropriate costs of service based on customer usage and applicable rate model factors. |
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Attachments: |
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Reviewed By: (for CMO use only) |
☐TM ☐DS ☐CT ☒BM |