Title
Consider an ordinance amending Chapter 44, Section 44-32 and Section 44-34, Code of Ordinances (2018 Edition), regarding water rates and sewer rates. (Second Reading)
Body
The City has recently completed an update of their water and wastewater rate model. The rate model is a tool used by the City to conduct periodic reviews of the rates charged to customers. The model takes a comprehensive look to ensure the City is recovering costs needed to fund capital improvement programs, increasing system demands, and operating pressures. This cost-of-service analysis was last completed in 2017. The following changes are being recommended to the retail and wholesale water and wastewater rates to cover the next three years.
• Retail water - no change to the rates
• Retail wastewater - no change to base rate, and a volume rate reduction of 8.8%
• Retail reuse water - no changes since the retail water has no rate changes
• Wholesale water - adjusting each customer as determined by cost-of-service demands ranging from a reduction of 3.8% to an increase of 7.6%
• Wholesale wastewater - volume rate reduction of 8.8%
Both readings of this rate ordinance amendment are scheduled for the City Council meetings on January 13 and 27, 2022. If amendment is approved by Council, these changes to the rates would go into effect starting February 1, 2022.