City Council Minutes 2015 03 17 - Laserfiche WebLink

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City Council Meeting Minutes March 17, 2015 Page 4 of 31 • Timing of project cash flow requirements • 2013 Flood related impacts • Updated Tap Fee revenues and projections • Updated to reflect approved 2015 -2019 Operations and Capital Improvements Budget He noted the Utility Rate Task Force made recommendations for a 2014 update. He reviewed the Recommended Rate Increases and noted the dollar increase and percentage of increase for years 2014 —2019 for the average residential customer. • 2014 — no change. • 2015 $5.30 per month or 14.2% • 2016- $6/0 per month or 15.7% • 2017= $3.09 per month or 6.3% • 2018 -MOO per month or 0.0% • 2019 - $0.09 per month or 0.2% 2015 Rate Increase Components • Wastewater (27 %) rate increase • Cost of Service Adjustments for Residential and Non- Residential for Water and Wastewater Rates • Residential Average Winter Consumption (AWC) Sewer Rate Structure. He compared the Base Rate Increases versus the Cost of Service Adjustment Increases and reviewed the background of the recommended cost of service adjustments from the 2013 Study. Future years have been impacted lythe flood, as well as new projects, especially the wastewater plant construction. Loans will impact both wastewater and stormwater and provide offset to the increases. Staff recommended City Council approval of the utility rate increase. COUNCIL COMMENT Council member Lipton asked about a total bill for 2013. Public Works Director Kowar noted the increase from 2013 to 2014 was 2 %o on water, 27% on wastewater and 30% on stormwater amounting to approximately $32 per month. PUBLIC COMMENTS Mayor Muckle called for public comments and hearing none, called for Council comments. COUNCIL. COMMENTS Council member Keany spoke to the large Commercial properties not occupied. Public Works Director Kowar noted review will continue with the Water Committee and Council for cost of service so it does not get out of line.