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<br />~ <br />---A~HILLS <br /> <br />MEMORANDUM <br /> <br />Agenda Item 4.M. <br /> <br />DATE: December 4,2007 <br /> <br />TO: Honorable Mayor and City Council Members <br />Michelle Wolfe, City Administrator <br /> <br />FROM: Sue Iverson, Finance Director <br />Pang Silseth, Accounting Clerk <br /> <br />SUBJECT: Resolution 07-74: Revising Arden Hills' Utility Rates for 2008 <br /> <br />Background <br />The firm of Abdo, Eick and Meyers was hired in 2004 to conduct a utility rate study for the City. <br />Based upon the findings of the study, the City Council adopted a four year (2005-2009) <br />implementation plan to increase the City's utility rates for residential and commercial customers. <br />The City is currently conducting a new rate study. A mid-year 2008 rate adjustment will be <br />considered when this study is completed. The current rate study is recommended to be used for <br />the meantime, as we await the results from the new study. <br /> <br />Discussion <br />Resolution 07-74, containing the proposed 2008 utility rates, is attached for Council review. <br /> <br />Staff Recommendation <br />Staffrecommends a motion to approve Resolution 07-74, revising the utility rates for 2008. <br /> <br />C:\Documents and Settings\sue.iverson\Local Settings\Temporary Internet Files\OLK29\Council Memo 40.doc <br />