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04-16-18-WS
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04-16-18-WS
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<br /> <br />Memo <br /> <br />To: Dave Perault - City Administrator <br />From: Stacie Kvilvang & Jeanne Vogt - Ehlers <br /> <br />Date: March 30, 2018 <br />Subject: Updated Utility Rate Analysis Based Upon Council Feedback <br /> <br /> <br />Pursuant to feedback from the Council on March 19, 2018, we have updated the projections <br />and presentation to include the following changes: <br /> <br />1. Water Utility: <br />a. Adjusted the bonding in 2018 to eliminate borrowing from the PIR fund in <br />future years <br />b. Smooth out rate increases across years <br />c. Provide Impact Analysis for customers with 12” meters <br /> <br />2. Sewer Utility <br />a. Increase the Base Charge in Option #1 from $46.41 to $50.00 per quarter <br />b. No changes to Consumption Charges <br />c. Smooth out rate increases across years <br /> <br />3. Storm Water Utility <br />a. Decrease 2018 rate increase from 3% to 2% <br /> <br />The attached presentation includes the addition of updated slides to the original <br />presentation on Monday night. The new slides include the word “UPDATED” in red in the <br />upper right-hand corner of the slide, or the entire heading is in red if it is an entirely new <br />slide. Please look for text or notations in red to denote updated information throughout. We <br />did not remove any slides, so we typically added the “UPDATED” slide immediately after <br />the original slide in the presentation. This will allow the Council to easily see the “before” <br />and “after” effects of the requested changes. <br /> <br />Water Utility <br />1. 2018 bonding amount has been adjusted from $2.0 million to $2.5 million. We are <br />using July 1 as the distribution date for bond proceeds for now. We can revise as <br />the timeline for construction projects firms up later this spring. <br />a. The additional $500,000 in bonding helps to smooth out annual rate <br />increases while still maintaining a positive cash balance, and allows for
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