CCP 03-17-1997 - Laserfiche WebLink

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~ - ~. impossible to walk across yards from meter to meter. The readers must now go up each - driveway and back down to the street to get from house to house. Again, though the primary reasons for replacing the residential meters would be increased accuracy, due to the meters e~ reaching the end of their life expectancy, meter reading safety and productivity are other considerations. .. Costs of Residential Meter Replacement - The cost of replacing the residential meters would vary depending on price increases since the ~ last study was made. Another factor would be the number of meters replaced, as many residential meters are relatively new. The City may choose to do certain areas each year over I two years starting with the older portion of town. An estimate for replacing all 2338 meters would be $200.00 per unit installed or $470,000. A quick guess would be 1/4 of the meters in I place are fine, but would still need the radio read retrofit which would be about $140 per unit installed. This would lower the total cost by $35,250 or to approximately $435,000. Project Funding Considerations I Based upon the identified need of this infrastructure replacement, the water utility has, since budget year 1994, identified approximately $200,000 ($50,000/year) for the water replacement I project. This cash requirement need has been incorporated into the rate structure such that funds exist to finance a substantial portion of total project cost at the present time. If the total project is approved, it is not anticipated that this approval would result in the need for a specific rate I Increase. el '--~ I I I I I I , 6 ~ - I