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Regular City Council Meeting Monday, December 5, 2022 Page 6 Ms. Pietrick explained not that she was aware of Their utility rate study,which St. Paul Water does every five years, contains the projections from their rate study. She did not anticipate changes. Councilmember Strahan asked if staff had a guess on how much of the underbilling is collectible. Ms. Pietrick indicated the number staff built in here excludes transfer of property ownership. She believed what is in the report is all collectible. Mayor Roe noted if individuals happen to get letters regarding repayment of under- billed amounts who are former homeowners or who are new homeowners who were not owners at the time of underbilling, he assumed those people could contact City staff who will straighten it all out. Ms. Pietrick indicated that was correct. Public Comment Mayor Roe offered an opportunity for public comment with no one coming for- ward. Etten moved, Strahan seconded, adoption of Resolution No. 11957 entitled, "Res- olution Establishing the 2023 Utility Rates." Council Discussion Councilmember Etten appreciated all of the work from staff and getting more in- formation. He thought this got the City to where it needs to be, at a base minimal, and the City will keep working on finding ways to go forward in good ways and stabilize these funds. Councilmember Strahan stated as things do not go down in price, it is good to start out with the eight percent and get the City where it needs to be in case a future study puts the City in a situation where it has to continue at eight percent. Councilmember Groff echoed those comments and noted that when looking at the graph, those small amounts make such a big difference on when the City can get back on its feet with this fund. He appreciated all of the clarification staff has done because it was sort of confusing early on and this is now clear. Councilmember Willmus indicated he will support the motion but thought it would be prudent upon staff to take a deep dive into what led up to this error and make sure that going forward, the City does not have a situation like this occur again.