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DATE: May 14, 2018 TO: Honorable Mayor and City Councilmembers FROM: Dave Perrault, City Administrator SUBJECT: Utility Rate Study and Ordinance 2018-001 Amending the 2018 Fee Schedule and Authorizing Summary Ordinance Publication Budgeted Amount: Actual Amount: Funding Source: N/A N/A N/A Council Should Consider The Council should consider adopting Ordinance 2018-001 amending the 2018 fee schedule updating the utility rates and authorizing publication of the summary ordinance. Background In 2017, the City Council directed Ehlers to conduct a utility rate study to ensure the financial health of the City’s Enterprise Funds. The study is to assess current and future needs , and to project rate increases for future years. The first iteration of the utility rate study was presented at the January 15, 2018 Work Session. A second Work Session was held on February 12, 2018 to discuss capital projects as they relate to the utility rate study. A third Work Session was held on March 19, 2018, at this meeting the Council directed staff and Ehlers to bring the updated version of the study and results to a Council meeting. Note, the rates will be effective for the second quarter billing cycle. Ehlers will be presenting their results and recommendations at the City Council meeting and be available for any questions. Note, this presentation will be to address the rates and give recommendations on bonding amounts; any necessary bonding will be determined at a later date by the City Council. Attachment Attachment A: Ehlers Presentation Attachment B: Ordinance 2018-001 – Appendix A – Amended 2018 Fee Schedule (Redlined) Attachment C: Ordinance 2018-001 – Appendix A – Amended 2018 Fee Schedule (Clean Version) Attachment D: Ordinance 2018-001 – Appendix A – Amended 2018 Fee Schedule Summary Ordinance NEW BUSINESS –10D MEMORANDUM