Title
An Ordinance to Amend Sections 2:61, 2:62, 2:63, 2:64, 2:65 and 2:69 of Chapter 29 (Increase Water, Sewer and Stormwater Rates) of Title II of the Code of the City of Ann Arbor - Water, Sewer and Stormwater Rate Adjustments due to Increased Costs of Operation and Maintenance (Ordinance No. ORD-08-20)
Memorandum
Your approval is requested to amend Sections 2:61, 2:62, 2:63, 2:64, 2:65 and 2:69 of Chapter 29 of Title II of the Code of the City of Ann Arbor to adjust water, sewer and Stormwater rates for the increased costs of operation and maintenance, debt service and also to provide funds for improvements of the three systems. The amendments will provide revenue increases of 4.62% in water, 3.2% in sewer and 11.09% in stormwater.
The recommended rate changes in water, sewer and Stormwater are projected to increase revenues by $812,028.00, $605,509.00 and $524,430.00 respectively. This additional revenue is needed to fund the expenditures in the FY09 budgets for these services, maintain the debt coverage ratio and provide for future infrastructure needs. The impact of these increases on the average single family customer is $7.16 per quarter or $28.64 per year. This assumes 21 units per quarter, second tier Stormwater and the 10% discount for payment on or before the due date.
This ordinance is recommended to take effect ten (10) days after legal publication or on July 1, 2008, whichever is later.
Staff
Prepared by: Karen Fletcher, Public Services Area
Reviewed by: Sue F. McCormick, Public Services Administrator
Approved by: Roger W. Fraser, City Administrator
Body
ORDINANCE NO. ORD-08-20
First Reading : May 19, 2008
Public Hearing : June 2, 2008
Approved: June 2, 2008
Published: June 21, 2008
Effective: July 1, 2008
INCREASE WATER, SEWER AND STORMWATER RATES
(ADJUSTMENTS DUE TO INCREASED COSTS OF
OPERATION AND MAINTENANCE)
AN ORDINANCE TO AMEND SECTIONS 2:61, 2:62, 2:63, 2:64, 2:65 AND 2:69 OF CHAPTER 29 OF TITLE II OF THE CODE O...
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