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<br /> - <br /> Minutes of Regular Finance Committee Heeting, March 26, 1987 <br /> Page 2 <br /> .' April meeting. Committee concurred to invite a representative from <br /> Springsted, Inc. to the May meeting to receive their recommendations. <br /> Utility Rate Subcommittee Report <br /> This subcommittee has met and prepared a recommendation for water rate <br /> increase; plans to meet again to review sewer rates. Committee concurred <br /> to delay action on the recommended water utility rate increase until the <br /> sewer rate increase recommendation is received. <br /> Sewer rates have not been increased since 1981; all residences pay the <br /> same rate, $27.16; commercial/industrial/charitable/public accounts, pay <br /> based on water usage. <br /> Water rates were last increased in 1984, from .97/1,000 gallons to <br /> $1.10/1,000 gallons. Standby rates were increased in July of 1986, from <br /> $3.15 for residences to $5.00 (quarterly). <br /> After reviewing tables prepared by HcNiesh, the subcommittee concluded <br /> that in order to cover the increased costs of water purchase from St. Paul <br /> and Arden Hills' costs, water rates would need to be raised 17 cents per <br /> gallon effective 7/1/87 until the end of 1988. However, they recommended <br /> a 15 cent increase, feeling 'a 17 cent increase too high to be palatable to <br /> the public at this time. <br /> Committee sentiment seemed in favor of a 17 cent increase, but action was <br /> . deferred until the subcommittee completes its study of sewer rates. <br /> Mertensotto requested, and Committee concurred, the Clerk to investigate <br /> the possibility of different water rates for the non-profit institutions <br /> in Arden Hills. <br /> - , ,--- --~--------- <br />