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HomeMy WebLinkAboutA002 - Council Action Form dated April 14, 2015 ITEM # 59 DATE 04-14-15 COUNCIL ACTION FORM SUBJECT: 2015 WATER AND SEWER RATE ADJUSTMENTS BACKGROUND: On March 17, 2015, staff presented Council with an overview of the Water and Sewer Funds. At the end of the presentation, Council directed staff to prepare a rate increase ordinance that would increase water rates by 4%, and sewer rates by 5%. Both rate increases were to be "across-the-board" and be effective for utility bills mailed on and after July 1, 2015. The attached ordinance accomplished the Council's direction and is ready for Council approval. ALTERNATIVES: 1. Approve the attached rate ordinance on first reading, thereby increasing water rates by 4% and sewer rates by 5% effective July 1, 2015. 2. Direct staff to make modifications to the rate ordinance. 3. Do not take any action to adjust water and sewer rates at this time. MANAGER'S RECOMMENDED ACTION: The proposed rate increases are necessary to fund the on-going operations and maintenance budget plus the anticipated capital improvements projects. Therefore, it is the recommendation of the City Manager that the City Council adopt Alternative No. 1, thereby approving on first reading the attached rate ordinance increasing water rates by 4% and sewer rates by 5% effective July 1, 2015.