Title
An Ordinance to Amend Sections 2:63, 2:64, and 2:69 of Chapter 29 (Water, Sewer, and Stormwater Rates) of Title II of the Code of the City of Ann Arbor (Ordinance No. ORD-14-07)
Memorandum
Your approval is requested to amend Sections 2:63, 2:64, 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 due to debt service coverage and capital improvement requirements in all three systems. The amendments will provide revenue increases of 3.55% in water, 5.33% in sewer and 6.95% in stormwater.
The recommended rate changes in water, sewer, and stormwater are projected to increase revenues in water, sewer, and stormwater by $765,119.00, $1,171,931.00, and $410,235.00 respectively. This rate increase is needed to maintain, debt service coverage, and to maintain funding for capital improvement requirements. The impact of these increases on the average single family customer is $6.25 per quarter or $24.98 per year, a net increase of 4.2%, if consumption is unchanged from last year.
For comparison purposes a typical single family bill is calculated with 19 units per quarter, is in the second tier for stormwater and receives 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, 2014, whichever is later.
Staff
Prepared by: Marti Praschan, Financial Manager
Reviewed by: Craig Hupy, Public Services Area Administrator
Body
ORDINANCE NO. ORD-14-07
First Reading : May 17, 2014 Approved: June 2, 2014
Public Hearing : June 2, 2014 Published: June 5, 2014
Effective: July 1, 2014
WATER, SEWER AND STORMWATER RATES
AN ORDINANCE TO AMEND SECTIONS 2:63, 2:64, AND 2:69 OF CHAPTER 29 (Water, Sewer and Stormwater Rates) OF TITLE II OF THE CODE OF THE CITY OF ANN ARBOR
The City of Ann Arbor ordains:
Section 1. That Sections 2:63, 2:64, and 2:69 of Chapter 2...
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