Subject:
Title
Public Hearing for FY2016-2017 Water and Sewer Rates
Body
EXPLANATION AND SUMMARY:
Two years ago a Water and Sewer Rate Study was completed in order to maintain the financial health of the fund; fairly balance consumption and revenue; ensure that rates cover full cost of operations and debt service, which finances capital projects; and underscore Council’s initiative of conservation by incorporating an incentivized rate structure.
The Town plans to review the financial health of the fund each year and to adjust rates as needed every other year. A rate adjustment is needed this year in order to continue to ensure coverage of full cost of operations and debt-service funding.
A public hearing is scheduled to provide Town residents with an opportunity to voice comments concerning water and sewer rates.
Departmental Recommendation: Recommend public hearing.
Finance Recommendation: Recommend public hearing.
Purchasing Recommendation: N/A
Town Attorney Recommendation: In accordance with the state and Town codes, the Town Attorney recommends that Town Council conduct a public hearing if it wishes to consider adjusting water and sewer rates.
Town Manager's Recommendation: I recommend the Town Council approve the Water and Sewer rates as presented.
Cost and Financing: N/A
Account Number: N/A
Decision Needed by This date: N/A
PROPOSED/SUGGESTED MOTION
Recommended Action
"I move to close the public hearing."
"I further move that the Town Clerk be directed to advertise Notice of Intent to Adopt water and sewer rates for Fiscal Year 2016-2017 at the May 23, 2016, Council meeting, following Town Council’s consideration.”
Or
Other action deemed necessary by Council.