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CITY OF ARDEN FUIS <br /> 4110 MEMORANDUM <br /> DATE: March 6, 1992 <br /> TO: Mayor and City Council <br /> Finance Committee <br /> FRi: Utilities Suboomnittee <br /> SUBJECT: motions Increasing water and Sewer Rates <br /> Recommendations - <br /> 1. Increase water rates $.44/1000 gallons beginning April 1, 1992 <br /> (This is a 35 percent increase) . <br /> 2. Increase sewer rates $.84/1000 gallons beginning April 1, 1992 <br /> (This is a 50 percent increase) . <br /> 3. Increases should be put into effect in a lump sum rather than a 2- <br /> step process. <br /> 4. Continue senior/disabled discount. <br /> 5. During 1992, have the Finance Committee review the cash <br /> requirements and suggest appropriate cash balance levels to the <br /> Council. <br /> 6. Finance Committee should review water and sewer rates annually and <br /> make recommendations which will allow for a January 1 <br /> implementation if a rate increase is needed. <br /> 7. The Council pursue various issues with the Metropolitan Waste <br /> Control Commission (MCC) . <br /> Water Utility - <br /> The Utilities Subcommittee reconmiends to Council to consider increasing <br /> water utility rates by $.44/1000 gallons beginning with the second <br /> quarter of 1992. The current charge for water is $1.27/1000 gallons. <br /> The current minimum charge for water is $14.50 per quarter. The <br /> proposed $.44/1000 gallons increase, would increase these ntmrbers to <br /> $1.61/1000 gallons and $19.58 per quarter for the minimum charge. An <br /> individual paying the minimum charge would pay an additional $5.08 per <br /> quarter or $20.32 per year. <br /> S <br />