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-10-15)
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 consumption decreases, necessary debt service coverage, and capital improvement requirements in all three systems. The amendments will provide revenue increases over forecasts of 3.88% in water, 3% in sewer and 2% in stormwater.
Because of continuing reductions in consumption, these recommended rate changes in water, sewer, and stormwater are projected to still result in decreased revenues of $1,314,976.00, $657,388.00 and $9,795.00 respectively, when compared to FY2010. These rate increases are needed to help offset a reduction in consumption, to maintain debt service coverage, and to maintain funding for capital improvement requirements. The impact of these rate increases on a typical single family quarterly bill is $4.29 or $17.17 per year, a net increase of 3.02%, if consumption is unchanged from last year.
For comparison purposes a typical single family bill is calculated with 21 units of consumption per quarter, is in the second tier for stormwater charges 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, 2010, whichever is later.
Staff
Prepared By: Marti Praschan, Financial Manager Public Services
Reviewed By: Sue F. McCormick, Public Services Administrator
Approved By: Roger W. Fraser, City Administrator
Body
ORDINANCE NO. ORD-10-15
First Reading : May 17, 2010 Approved: June 7, 2010
Public Hearing : June 7, 2010 Published: June 8, 2010
Effective: July 1, 2010
INCREASE WATER, SEWER AND STORMWATER RATES
AN ORDINANCE TO AMEND SEC...
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