Title
An Ordinance to Amend Sections 2:63, 2:64, and 2:69 of Chapter 29 (Increase Water, Sewer, and Stormwater Rates) of Title II of the Code of the City of Ann Arbor (Ordinance No. ORD-17-04)
Memorandum
An Ordinance to Amend Sections 2:63, 2:64, and 2:69 of Chapter 29 (Increase Water, Sewer, and Stormwater Rates) of Title II of the Code of the City of Ann Arbor
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, operating and maintenance costs, and capital improvement requirements in all three systems. The amendments will provide revenue increases of 6.75% in water, 6.0% in sewer and 28.0% in stormwater.
The recommended rate changes in water, sewer, and stormwater are projected to increase revenues in water, sewer, and stormwater by $1,482,576.00, $1,434,488.00, and $1,970,718.00 respectively. This rate increase is needed to maintain, debt service coverage, operating and maintenance costs, and to maintain funding for capital improvement requirements.
The impact of these increases on an average single family customer is $10.72 per quarter or $42.88 per year, a net increase of 6.79%, if consumption is unchanged from last year. For the purpose of this comparison, the single family bill is calculated with 17 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, 2017, whichever is later.
Staff
Prepared by: Marti Praschan, Financial Manager
Reviewed by: Craig Hupy, Public Services Area Administrator
Approved by: Howard S. Lazarus, City Administrator
Body
ORDINANCE NO. ORD-17-04
First Reading: April 17, 2017 Approved: May 1, 2017
Public Hearing: May 1, 2017 Published: May 4, 2017
Effective: July 1, 2017
WATER, SEWER AND STO...
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