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HomeMy WebLinkAboutA003 - Cover memo to Council for proposed ordinance . 31 Memo o City Manager's Office TO: Mayor and City Council FROM: Bob Kindred, Assistant City Manager DATE: April 26, 2005 SUBJECT: Storm Sewer Rate Increase During final deliberations on the 2005-06 budget, the City Council authorized a rate increase for the City's storm sewer utility. This rate adjustment will increase monthly storm water fees for each utility customer from $1.50 to $2.25. This rate increase will generate approximately $200,000 per year. This money will be used to fully fund the City's ongoing storm sewer capital improvement projects, rather than funding some of those projects through general obligation bonds paid from property taxes. Attached is an ordinance to put this increase into effect beginning July 1, 2005; as well as a relevant court case provided by City Attorney John Klaus. Encl.