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<br /> . <br /> Minutes of Regular Finance Committee Meeting, April 23 <br /> . Page 2 <br /> the committee at last month's meeting. The committee in turn accepted their <br /> recommendation, (for a 17 cent increase per thousand gallons) but deferred <br /> formal action pending the Sewer Utility recommendation. An excerpt of the <br /> Karch minutes, detailing the rationale and recommendation, is attached. <br /> Motion was made by Steele, seconded by Rautio, that Committee recommend to <br /> Council that sewer rates be increased 15% effective July 1, in accordance with <br /> the schedule prepared by the subcommittee: <br /> Commercial - $1.46/ thousand gallons flowage + .22 . $1.68 <br /> Residential - $27. 16/quarter + 15~ - $31.23 <br /> Seniors - 1/2 of $31.23 - $15.62. <br /> This increase is expected to cover increased costs through 1989. Motion <br /> carried unanimously. <br /> It was moved by Steele, seconded by McNiesh, that Committee recommend to <br /> Council that water rates be increased 17 cents per thousand, effective July 1, <br /> with the minimum rates increased proportionately. Steele noted that with an <br /> approximate 7% yearly increase in inflation rates, the increase in water rates <br /> coupled with the recommended increase in sewer rates seems consistent with <br /> this. <br /> The effect of the increases on the average citizen's quarterly bill would be <br /> . $7.00 to $8.00. <br /> Motion carried unanimously. <br /> ---- ----- ,~ ----- --- -- ,--- --- - <br />